Home
Up
September 2010
March 2010
August 2009
July 2009
June 2009
February 2009
January 2009
December 2008
November 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
Sept 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005

  
     

 
Home
Up
September 2010
March 2010
August 2009
July 2009
June 2009
February 2009
January 2009
December 2008
November 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
Sept 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005

  
     

Calgary Real Estate Market Overview

FOUR MONTHS OF INCREASING INVENTORY AND SUBSEQUENT PRICE REDUCTIONS GIVE BUYERS A WELCOME EDGE

Calgary, November 1, 2006 – MLS® listings remained strong in October 2006, providing buyers with more product to choose from, according to figures released by the Calgary Real Estate Board (CREB®).

October combined residential sales totaled 2,122, showing a slight decrease of 2.66 per cent from last month's sales of 2,180 and showing a decrease of 17.69 per cent from October 2005 when the sales were recorded at 2,578. The following shows the breakdown of the October combined sales; 1,492 single-family residences, 619 condominium, and 11 mobile homes. October 2005 sales in the same categories were, 1,806, 760, and 12, respectively.

The average combined residential sale price for October 2006 was $374,067, showing a 46.90 per cent increase over October 2005, when the average price was $254,643, and a 1.12 per cent increase over last month's average price of $369,928. Broken out, the following is a comparison of single-family, condominium, and mobile home average sale prices for the month of October 2006 over 2005: single-family $413,712 / $284,206; condominium $283,888 / $187,661; and mobile home $71,309 / $47,658.

October 2006 new residential combined listings totaled 4,257. This is a 51.44 per cent increase over October 2005, when 2,811 new listings came to the market and showing an 11 per cent decrease over the 4,783 homes listed in September.

Condominium sales in October totaled 619 showing a decrease of 18.55 per cent from October 2005's sales of 760 and a 7.20 per cent decrease over the 667 condominiums sold in September 2006. The average sale price of a condominium in October 2006 was $283,888 a 51.28 per cent increase from October 2005 when the average price was $187,661 and a 1.66 per cent decrease from last month's record breaking condominium average price of $288,676.

"Buyers have a welcome window of opportunity with this considerable increase of inventory", says CREB® President, Kevin Clark. "Sellers must be competitive to sell before Christmas and buyers may lose out by waiting until spring," he continued. "This is an unusual market, so confirm with your REALTOR® that you are making the best decisions."

Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differentials between geographical areas. The median price is determined by selecting the middle number of total sale prices – the combined residential median price for October 2006 remained the same as September at $333,000; but showing a 49.33 per cent increase from October 2005, when the median price was $223,000.

The Calgary Real Estate Board is a professional body of 5,359 licensed brokers and registered agents, representing 259 Member offices.

SINGLE FAMILY200620052006 YTD2005 YTDYTD Chg
Actives @ end of month4,870 n/an/an/a
New Listings 3,0342,01329,09825,71413.16%
Sales 1,4921,80620,06719,4003.44%
Avg DOM33352237-40.54%
Average Sale Price413,712284,206383,411274,87539.49%
Median Price367,000249,000349,000244,50042.74%
Dollar Volume 617,258,690513,275,9187,693,909,4255,332,579,69144.28%
Sales to Listing Ratio49.18%89.72%68.96%75.45%-8.59%
Sales$/List$97.13%97.97%99.20%97.93%1.30%
     
CONDOMINIUM    
Actives @ end of month1,651 n/an/an/a
New Listings 1,20177910,8819,66512.58%
Sales 6197608,3517,46011.94%
Avg DOM31382142-50.00%
Average Sale Price283,888187,661257,518182,16241.37%
Median Price260,000169,500240,000162,90047.33%
Dollar Volume 175,726,598142,622,7052,150,531,8571,358,928,88258.25%
Sales to Listing Ratio51.54%97.56%76.75%77.19%-0.57%
Sales$/List$97.31%98.03%100.06%97.83%2.28%
     
MOBILE    
Actives @ end of month20 n/an/an/a
New Listings 2219213311-31.51%
Sales 111218413932.37%
Avg DOM26834888-45.45%
Average Sale Price71,30947,65850,49039,68927.21%
Median Price57,50055,00043,00035,00022.86%
Dollar Volume 784,400571,9009,290,0885,516,73068.40%
Sales to Listing Ratio50.00%63.16%86.38%44.69%93.28%
Sales$/List$94.63%92.89%94.82%92.08%2.98%
     
RURAL w/HOME    
Actives @ end of month435 n/an/an/a
New Listings 1521291,6461,654-0.48%
Sales 56819288637.53%
Avg DOM56855979-25.32%
Average Sale Price692,519613,220673,827511,07431.85%
Median Price710,000572,000590,000450,00031.11%
Dollar Volume 38,781,04249,670,850625,311,433441,057,12441.78%
Sales to Listing Ratio36.84%62.79%56.38%52.18%8.05%
Sales$/List$93.47%94.54%96.09%95.73%0.38%
     
RURAL LAND    
Actives @ end of month262 n/an/an/a
New Listings 8546730461486.96%
Sales 223522295-92.54%
Avg DOM7613476111-31.53%
Average Sale Price543,589253,226543,589290,84986.90%
Median Price303,000219,00069,000196,000-64.80%
Dollar Volume 11,958,9508,862,90011,958,95085,800,369-86.06%
Sales to Listing Ratio25.88%76.09%3.01%641.30%-99.53%
Sales$/List$94.60%95.58%94.60%95.95%-1.41%
     
RESIDENTIAL COMBINED (Single Family, Condo, Mobile)    
Actives @ end of month6,541 n/an/an/a
New Listings 4,2572,81140,19235,69012.61%
Sales 2,1222,57828,60226,9995.94%
Avg DOM32362239-43.59%
Average Sale Price374,067254,643344,512248,04738.89%
Median Price333,000223,000313,000220,00042.27%
Dollar Volume 793,769,688656,470,5239,853,731,3706,697,025,30347.14%
Sales to Listing Ratio49.85%91.71%71.16%75.65%-5.93%
Sales$/List$97.17%97.98%99.38%97.90%1.51%
     
TOTAL MLS®     
Actives @ end of month7,238 n/an/an/a
New Listings 4,4942,98642,56837,39013.85%
Sales 2,2002,69429,55228,1574.95%
Average Sale Price383,868265,406355,001256,55738.37%
Dollar Volume 844,509,680715,004,27310,491,001,7537,223,882,79645.23%
Sales to Listing Ratio48.95%90.22%69.42%75.31%-7.81%
 

 

Average Calgary Real Estate Prices for last 13 months

Average Calgary Real Estate Yearly Prices for 1985 to 2006 YTD

 Calgary Real Estate Market data supplied by CREB

Recommend this Calgary Real Estate Market Conditions page to a friend.

 
Copyright ©
1998 - 2012 All rights reserved worldwide. Privacy, Disclaimer.
 
 
Copyright ©
1998 - 2013 All rights reserved worldwide. Privacy, Disclaimer.