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

THE END OF 2005 SHOWS A RECORD BREAKING YEAR FOR MLS® SALES

Calgary, January 6, 2006 – Year-to-date sales broke records in almost all MLS® categories, according to statistics released by the Calgary Real Estate Board.

December combined residential sales totaled 1,877, making it the highest December on record, and showing a 22.84 per cent increase over December 2004’s sales of 1,528, and a 28.28 per cent seasonal decrease from last month’s sales of 2,617. Year to date combined sales came in at 31,495, a record breaking year-end sales number, and a 19.08 percent increase over the same time period in 2004, when the sales number was 26,448. The breakdown of the December 2005 combined sales was, 1,344 single-family residences, 530 condominium, and 3 mobile homes. November 2004 sales in the same categories were, 1,095; 429; and 4, respectively.

The average combined residential sale price for December 2005 was $273,716 a 17.55 per cent increase over December 2004, when the average price was $232,841, and a 3.52 percent increase over November 2005’s average price of $264,402. Broken out, the following is a comparison of single-family, condominium, and mobile home average sale prices for the month of December 2005 over 2004: single-family $306,271 / $257,824; condominium $192,412 / $171,135; mobile home $53,000 / $11,725.

The following sales information for single-family and condominium combined (excluding mobile home sales) shows increases in the various price categories to indicate where the most sales activity is taking place; year-to-date 2005 over 2004:

Price Range
2005 Sales
2004 Sales% + / -
150,000 – 199,999
7,683
7,715
-0.4%
200,000 – 249,999
6,836
6,419
6.5%
250,000 – 349,999
7,761
5,036
54.1%
350,000 – 499,999
2,976
1,489
99.9%
500,000 +
1,336
634
110.4%

“The strong economy and continued low interest rates have certainly contributed to our record-breaking year. This is also reflected in the increased number of sales in the higher price ranges (as shown above), in comparison to 2004, keeping in mind that prices have increased as well. If we look at the combined residential year-to-date median (middle) price of $222,000, we can see that there are still many affordable properties for sale in Calgary,” explained CREB® President, Marilyn R. Jones.

December Condominium sales reached a record breaking 530 sales. This is a 23.54 per cent increase over December 2004, when condominium sales were 429 and a 30.90 per cent decrease from last month, when the sales were 767. The average price of a condominium in December 2005 was $192,412, an increase of 12.43 per cent from the same period last year, when the average condominium sale price was $171,135 and a very slight decrease of 0.44 per cent from last month’s average price of $193,268.

December 2005 residential combined listings totaled 1,563, a decrease of 7.02 per cent from December 2004’s listings of 1,681 and down 36.15 per cent from last month’s 2,448 listings. Year-to-date combined residential listings for December 2005 were 39,703, down just 5.18 per cent from December 2004, when listings were 41,871.

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 for December 2005 was $238,000; up 15.53 per cent from December 2004, when the median price was $206,000 and up 3.25 per cent from last month’s median of $230,500.

SINGLE FAMILY
2005
2004
2005 YTD
2004 YTD
%Change
Average Sale Price
306,271
257,824
278,334
244,755
13.72%
Listings
1,128
1,208
28,565
30,130
-5.19%
Sales
1,344
1,095
22,558
19,289
16.95%
Dollar Volume
411,627,834
282,317,392
6,278,648,123
4,721,072,780
32.99%
Sales to Listing Ratio
119.15%
90.65%
78.97%
64.02%
23.36%
Median Price
268,000
227,000
246,000
222,000
10.81%
 
CONDOMINIUM
 
 
 
 
 
Average Sale Price
192,412
171,135
184,294
166,471
10.71%
Listings
427
458
10,799
11,287
-4.32%
Sales
530
429
8,784
6,986
25.74%
Dollar Volume
101,978,350
73,417,050
1,618,836,847
1,162,966,482
39.20%
Sales to Listing Ratio
124.12%
93.67%
81.34%
61.89%
31.42%
Median Price
166,000
155,000
164,500
151,200
8.80%
 
MOBILE
 
 
 
 
 
Average Sale Price (incl. in Residential)
53,000
11,725
39,073
43,788
-10.77%
Listings (incl. in Residential)
8
15
339
454
-25.33%
Sales (incl. in Residential)
3
4
153
173
-11.56%
Dollar Volume (incl. in Residential)
159,000
46,900
5,978,120
7,575,243
-21.08%
Sales to Listing Ratio (incl. in Residential)
37.50%
26.67%
45.13%
26.67%
69.25%
Median Price
72,000
7,500
35,000
38,500
-9.09%
 
RURAL w/HOME
 
 
 
 
 
Average Sale Price
672,415
603,222
519,347
449,593
15.51%
Listings
54
69
1,780
1,844
-3.47
Sales
47
36
981
774
26.74%
Dollar Volume
31,603,500
21,716,000
509,479,049
347,985,292
46.41%
Sales to Listing Ratio
87.04%
52.17%
55.11%
41.97%
31.30%
Median Price
550,000
510,000
455,000
385,000
18.18%
 
RURAL LAND
 
 
 
 
 
Average Sale Price
307,319
218,800
300,936
234,848
28.14%
Listings
26
26
670
660
1.52%
Sales
32
18
368
241
52.70%
Dollar Volume
9,834,200
3,938,400
110,744,576
56,598,334
95.67%
Sales to Listing Ratio
123.08%
69.23%
54.93%
36.52%
50.42%
Median Price
207,000
160,000
210,000
190,000
10.53%
 
RESIDENTIAL COMBINED (Single Family, Condo, Mobile)
 
 
 
 
 
Average Sale Price
273,716
232,841
250,943
222,762
12.65%
Listings
1,563
1,681
39,703
41,871
-5.18%
Sales
1,877
1,528
31,495
26,448
19.08%
Dollar Volume
513,765,184
355,781,342
7,903,463,090
5,891,614,505
34.15%
Sales to Listing Ratio
120.09%
90.90%
79.33%
63.17%
25.59%
Median Price
238,000
206,000
222,000
202,500
9.63%
 
TOTAL MLS®
 
 
 
 
 
Average Sale Price
273,469
236,712
258,038
228,537
12.91%
Listings
2,576
2,860
40,510
42,599
-4.90%
Sales
2,730
2,078
30,892
25,881
19.36%
Dollar Volume
746,569,441
491,886,531
7,971,313,368
5,914,762,389
34.77%
Sales to Listing Ratio
105.85%
72.66%
76.26%
60.75%
25.52

 

Average Calgary Real Estate Prices for last 13 months

December 2005 Calgary real estate prices

Average Calgary Real Estate Yearly Prices for 1985 to 2005

Calgary real estate prices 1985 to 2005

 Calgary Real Estate Market data supplied by CREB

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