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Calgary Real Estate Leads the Pack in November 2014

Posted by Ryan MacDonald on Tuesday, December 2nd, 2014 at 1:40pm.

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

Calgary November listing stats

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:
January: 40
November: 38
October: 37
September 36
August 35
July: 33
February: 30
June: 29
March: 28
May: 27
April: 27

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
Re/Max First
C: 403.519.9102
O: 403.278.2900; F: 403.592.8008

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