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

JULY NUMBERS STAY TRUE TO PREDICTIONS

Calgary, August 1, 2006 – MLS® sales cooled off in the month of July, while new listings hit an all time high, according to figures released by the Calgary Real Estate Board (CREB®).

July combined residential sales totaled 2,586, showing a 5.03 per cent decrease over July 2005 when the sales were recorded as 2,719 and showing a decrease of 23.67 per cent from last month’s high of 3,388. The breakdown of the June combined sales was, 2,354 single-family residences, 1,011 condominium, and 23 mobile homes. July 2006 sales in the same categories were, 1,730; 831; and 25, respectively.

The average combined residential sale price for July 2006 was $357,831, the highest sale price in July on MLS® record, showing a 45.63 per cent increase over July 2005, when the average price was $245,982, and a 2.5 per cent decrease over June 2006’s average price of $367,033. Broken out, the following is a comparison of single-family, condominium, and mobile home average sale prices for the month of July 2006 over 2005: single-family $403,630 / $273,280; condominium $271,641 / $182,489; and mobile home $53,504 / $53,062.

July 2006 residential combined listings totaled 4,469. This is a 41.15 per cent increase from July 2005, when 3,162 listings came to market and showing a two per cent decrease over the 4,555 homes listed in June.

Condominium sales also cooled off with 831 units changing hands. Sales for condominiums for the same period last year were 786 showing a 5.4 per cent increase. The average condominium price in July 2006 was $271,641, the highest July on record, compared to the $182,489 in July 2005; a 46.71 per cent increase and a two per cent decrease over the June average price of $276,955.

“July was another record month but both sellers and buyers need to be paying attention to their REALTORS® advice,” reported CREB® President Kevin Clark. “With the market landing softly we are seeing more overpriced listings in some communities and yet some Buyers are still experiencing tough competition. Sellers that MUST sell should lean on their REALTORS® advice and be very careful with their pricing. In contrast, buyers that remain flexible in their expectations may have some of the best opportunities of the year so far.”

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 July 2006 was $330,000; up 49.32 per cent from July 2005, when the median price was $221,500 and down one per cent from the median price in June of $334,500.

The Calgary Real Estate Board is a professional body of 5,347 licensed brokers and registered agents, representing 259 Member offices.

SINGLE FAMILY
2006
2005
2006 YTD
2005 YTD
%Change
Average Sale Price
403,630
273,280
374,683
272,807
37.34%
Listings
3,203
2,282
19,452
19,034
2.20%
Sales
1,730
1,920
15,426
13,750
12.19%
Dollar Volume
698,279,746
524,697,623
5,779,863,151
3,751,090,521
54.08%
Sales to Listing Ratio
54.01%
84.14%
79.30%
72.24%
9.78%
Median Price
374,900
247,000
341,000
242,000
40.91%
 
CONDOMINIUM
 
 
 
 
 
Average Sale Price
271,641
182,489
249,113
181,490
37.26%
Listings
1,241
858
7,274
7,040
3.32%
Sales
831
786
6,259
5,155
21.42%
Dollar Volume
225,733,912
143,436,311
1,559,199,377
935,578,912
66.66%
Sales to Listing Ratio
66.96%
91.61%
86.05%
73.22%
17.51%
Median Price
257,000
162,500
231,000
162,000
42.59%
 
MOBILE
 
 
 
 
 
Average Sale Price (incl. in Residential)
53,504
53,062
44,789
38,973
14.92%
Listings (incl. in Residential)
25
22
157
237
-33.76%
Sales (incl. in Residential)
25
13
133
96
38.54%
Dollar Volume (incl. in Residential)
1,337,600
689,800
5,956,888
3,741,396
59.22%
Sales to Listing Ratio (incl. in Residential)
100.00%
59.09%
84.71%
59.09%
43.36%
Median Price
48,000
55,000
40,900
33,000
23.94%
 
RURAL w/HOME
 
 
 
 
 
Average Sale Price
620,693
479,645
677,789
501,934
35.04%
Listings
200
175
1,158
1,215
-4.69%
Sales
98
106
733
608
20.56%
Dollar Volume
60,827,953
50,842,374
496,819,099
305,175,998
62.80%
Sales to Listing Ratio
49.00%
60.57%
63.30%
50.04%
26.49%
Median Price
565,000
422,500
584,000
440,000
32.73%
 
RURAL LAND
 
 
 
 
 
Average Sale Price
641,794
449,867
469,727
310,369
51.34%
Listings
45
57
473
413
14.53%
Sales
43
30
292
186
56.99%
Dollar Volume
27,597,133
13,496,000
137,160,421
57,728,669
137.59%
Sales to Listing Ratio
95.56%
52.63%
61.73%
45.04%
37.08%
Median Price
299,000
199,500
275,000
182,500
50.68%
 
RESIDENTIAL COMBINED (Single Family, Condo, Mobile)
 
 
 
 
 
Average Sale Price
357,831
245,982
336,650
246,851
36.38%
Listings
4,469
3,162
26,883
26,311
2.17%
Sales
2,586
2,719
21,818
19,001
14.83%
Dollar Volume
925,351,258
668,823,734
7,345,019,416
4,690,410,829
56.60%
Sales to Listing Ratio
57.87%
85.99%
81.16%
72.22%
12.38%
Median Price
330,000
221,500
305,000
220,000
38.64%
 
TOTAL MLS®
 
 
 
 
 
Average Sale Price
371,755
256,799
349,297
255,282
36.83%
Listings
4,714
3,394
28,514
27,939
2.06%
Sales
2,727
2,855
22,843
19,795
15.40%
Dollar Volume
1,013,776,344
733,162,108
7,978,998,936
5,053,315,496
57.90%
Sales to Listing Ratio
57.85%
84.12%
80.11%
70.85%
13.07%
 

 

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.