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Calgary Real Estate Market Overview

SALES REMAIN STRONG IN THE FIRST MONTH OF 2006

Calgary, February 6, 2006 – MLS® sales came in strong for the month of January 2006, according to figures released by the Calgary Real Estate Board.

January combined residential sales totaled 2,408, a 49.38 per cent increase over January 2005’s sales of 1,612, and a 28.29 per cent increase from December 2005’s sales of 1,877. The breakdown of the January 2005 combined sales was, 1,759 single family residences, 634 condominium, and 15 mobile homes. January 2005 sales in the same categories were; 1,171, 429, and 12, respectively.

The average combined residential sale price for January 2006 was $289,130 a 20.19 per cent increase over January 2005, when the average price was $240,565, and a 5.63 percent increase over December 2005’s average price of $273,716. Broken out, the following is a comparison of single-family, condominium, and mobile home average sale prices for the month of January 2006 over 2005: single-family $322,693 / $265,924; condominium $202,065 / $177,209; mobile home $33,259 / $30,885.

Condominium sales in January maintained a steady pace with 634 condominiums changing hands. This is a 47.79 per cent increase over January 2005, when the condominium sales were 429 and a 19.62 per cent increase over last month’s sales of 530. The average price of a condominium in January 2006 was $202,065, an increase of 14.03 per cent from the same period last year, when the average price was $177,209, and a 5.02 per cent increase over last month’s average price of $192,412.

January 2006 residential combined listings totaled 2,981, a decrease of 14.12 per cent from January 2005’s listings of 3,471, however, showing a 90.72 per cent increase from last month’s 1,563 listings.

“Although much of Calgary is experiencing a Seller’s market, it is important to understand that many communities have only seen moderate price increases. In this unusual market it is even more important today, to seek professional advice from your REALTOR, to carefully prepare a property for sale. Reflective preparation, detailed presentation, and accurate pricing will all be rewarded by increased Buyer interest and a more successful sale – everybody wins,” explained CREB® President, Kevin Clark.

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 January 2006 was $254,900; up 18.56 per cent from January 2005, when the median price was $215,000 and up 7.10 per cent from last month’s median of $238,000.

The Calgary Real Estate Board is a professional body of 5,084 licensed brokers and registered agents.

SINGLE FAMILY
2006
2005
2006 YTD
2005 YTD
%Change
Average Sale Price
322,693
265,924
322,693
265,925
21.35%
Listings
2,135
2,395
2,135
2,395
-10.86%
Sales
1,759
1,171
1,759
1,171
50.21%
Dollar Volume
567,616,989
311,396,765
567,616,989
313,396,765
82.28%
Sales to Listing Ratio
82.39%
48.89%
82.39%
48.89%
68.51%
Median Price
289,900
237,000
289,900
237,000
22.32%
 
CONDOMINIUM
 
 
 
 
 
Average Sale Price
202,065
177,209
202,065
177,209
14.03%
Listings
832
1,038
832
1,038
-19.85%
Sales
634
429
634
429
47.79%
Dollar Volume
128,109,006
76,022,841
128,109,006
76,022,841
68.51%
Sales to Listing Ratio
76.20%
41.33%
76.20%
41.33%
84.38%
Median Price
178,900
160,000
178,900
160,000
11.81%
 
MOBILE
 
 
 
 
 
Average Sale Price (incl. in Residential)
33,259
30,885
33,259
30,885
7.69%
Listings (incl. in Residential)
14
38
14
38
-63.16%
Sales (incl. in Residential)
15
12
15
12
25.00%
Dollar Volume (incl. in Residential)
498,888
370,620
498,888
370,620
34.61%
Sales to Listing Ratio (incl. in Residential)
107.14%
31.58%
107.14%
31.58%
239.29%
Median Price
35,000
21,000
35,000
21,000
66.67%
 
RURAL w/HOME
 
 
 
 
 
Average Sale Price
558,826
552,661
558,826
552,661
1.12%
Listings
137
186
137
186
-26.34%
Sales
55
44
55
44
25.00%
Dollar Volume
30,735,445
24,317,100
30,735,445
24,317,100
26.39%
Sales to Listing Ratio
40.15%
23.66%
40.15%
23.66%
69.71%
Median Price
506,000
475,000
506,000
475,000
6.53%
 
RURAL LAND
 
 
 
 
 
Average Sale Price
447,480
245,463
447,480
245,463
82.30%
Listings
61
48
61
48
27.08%
Sales
26
16
26
16
62.50%
Dollar Volume
11,634,488
3,927,400
11,634,488
3,927,400
196.24%
Sales to Listing Ratio
42.62%
33.33%
42.62%
33.33%
27.87%
Median Price
379,900
205,000
379,900
205,000
85.32%
 
RESIDENTIAL COMBINED (Single Family, Condo, Mobile)
 
 
 
 
 
Average Sale Price
289,130
240,565
289,130
240,565
20.19%
Listings
2,981
3,471
2,981
3,471
-14.12%
Sales
2,408
1,612
2,408
1,612
49.38%
Dollar Volume
696,224,883
387,790,226
696,224,883
387,790,226
79.54%
Sales to Listing Ratio
80.79%
46.44%
80.78%
46.44%
73.93%
Median Price
254,900
215,000
254,900
215,000
18.56%
 
TOTAL MLS®
 
 
 
 
 
Average Sale Price
296,744
248,825
296,744
248,825
19.26%
Listings
3,179
3,705
3,179
3,705
-14.20%
Sales
2,489
1,672
2,489
1,672
48.86%
Dollar Volume
738,594,816
416,034,726
738,594,816
416,034,726
77.53%
Sales to Listing Ratio
78.30%
45.13%
78.30%
45.13%
73.49%
 

Average Calgary Real Estate Prices for last 13 months

January 2006 Calgary real estate prices

Average Calgary Real Estate Yearly Prices for 1985 to 2006 YTD

Calgary real estate prices 1985 to 2006 YTD

 Calgary Real Estate Market data supplied by CREB

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

 
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1998 - 2013 All rights reserved worldwide. Privacy, Disclaimer.