Canadian economic growth is still leading in Calgary with the lure of higher salaries and job opportunities. This filters down to housing which has consistently remained strong in 2014.
Calgary Listings Fun Facts
Top 3 Months for Listing a Home
The top 3 months for new listings were:
May with 4,327
June with 3,815
April with 3,754
Which Months Have the Most Active Market
If you're wondering which times of the year have the most active market, the average days on the market were:
Million Dollar Homes
We're also seeing 28% increase in home sales over $1 million dollars in November:
- November 2013 50 homes sold over $1 million
- November 2014 64 homes sold over $1 million
There is an 18% YTD increase:
- YTD in 2013: 688 homes sold over $1 million
- YTD in 2014: 812 homes sold over $1 million
Here are some of the key stats for November 2013/14:
Calgary Single Family Homes
November resales showed a 3 per cent increase in the Calgary home market from November 2013.
New listings are higher than sales, and Calgary real estate prices are leveling out with an increase in inventory. From a long term prospective; however, inventories are below average for most of the year.
Year to date sales for single family homes is 6.19% higher than 2013. The benchmark price is $511,300 compared to $470,600 in November 2013 an increase of 8.6%
Calgary Condos & Townhouses
Condos and townhouses in Calgary have been leading the pack, showing a 19 per cent increase in November and setting year to date records. The benchmark price for a Calgary condominium is $300,700 compared to $279,600 in November 2013.
Properties under $400,000 are in demand, and availability in that price range in the condo market is much higher than with single family homes.
Ryan MacDonald, B.Sc. Real Estate Professional
Million Dollar Club Member
Top 1% Real Estate Professional in Calgary
O: 403.278.2900; F: 403.592.8008