Smart Calgary Homes Blog

Calgary's real estate market performed strong last month and it remains a balanced market (3.11 months of inventory). There are many advantages to both homeowners looking to sell right now, as well as buyers looking to get into the market.

Sellers: Deciding to put your home on the market is a big decision. Here are some important statistics to consider.

If you've been looking for the right time to sell your condo, now is it. Last month, the price of condos rose 9%, jumping from $296,798 to $323,574. Attached townhouses also rose in price by 1%, from $401,904 to $406,142. Almost 5% more homes are selling at or above asking price. Compared to this time last year, 76.5% more homes are selling at or above asking price, so prices appear to be holding

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It is a Balanced Market in Calgary, with inventory sitting at 2.92 months. With a Neutral market comes pros and cons for both Buyers and Sellers. Here are some statistics to consider from last month:

As already mentioned, it remains a Balanced Market in Calgary with inventory sitting at 2.92 months. It has been a Neutral Market since February 2017. This month, the average sold price of a home was $503,846. This was up 1.7% from last month when it was $495,387. It is also up 2.4% from May 2016 when the average sold price was $491,832. Breaking that number down, the sold price of detached homes are up, while the price of attached townhomes and apartments are both down. Last month the sold price of attached homes fell a surprising 7.6% from $434,943 to

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It remains a Balanced Market in Calgary. Since it is a Neutral Market, that means there are pros and cons to consider for both Buyers and Sellers. It can be difficult to determine if now is the right time for you to buy or sell, so the best thing you can do is speak to a Realtor. It looks like home sales are still rebounding in the city, which is great for the housing market. Here are some statistics from last month:

The average sold price rose from $490,534 to $495,387 (an increase of only 1%). This was because the different housing segments performed differently last month. Prices for detached homes fell slightly (-1.52%), while prices were on the rise for condos (8%) and attached homes (4%).

More homes are on the market (an increase of 1.5%),

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It's a Balanced Market here in Calgary. Home Sales are rebounding according to the Calgary Real Estate Board. Here are some statistics to keep an eye on:

  • Prices rose last month in all 3 segments (detached, attached and condos), with the average price rising from $466,638 to $479,648.
  • The price of Detached homes increased by +2.4%, Attached homes +1.59%, and Apartments +11.26%.
  • Compared to last month, there are 3% more listings on the market, rising from 2,385 to 2,457 homes for sale.
  • 25% more homes are selling at or above listing price.
  • Compared to last month, the odds of selling increased by 30%.
  • Average days on the market fell from 53 to 48 days, meaning that homes are selling 10% faster.

If you're looking to buy, more homes

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Calgary Home Sales are beginning to rebound according to the Calgary Real Estate Board. Some statistics to keep an eye on are the number of houses listed on the market. This number jumped significantly from 993 homes in December to 2,385 homes in January. That's a 140% increase. If you're looking to buy, this is great news as there is more selection for you to choose from. If you're thinking of selling, this means competition is increasing, and you may want to put your home on the market sooner rather than later. The odds of selling decreased by almost 7% from last month, but the average home is actually selling 3 days faster, moving from 56 days on market to 53.

It continues to be a buyer's market with prices dropping last month in all 3 segments

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There's no doubt 2016 was an interesting year for Calgary Real Estate. We saw changes in mortgage and financing rules, fluctuating house prices, and a changing economy. However, after three years of successive sale declines in 2014, 2015 and 2016, the Calgary Real Estate Board is finally forecasting that home sales should rebound slightly in 2017.

With a lot of content to cover, we will jump right in to December statistics. After that will be last year's fourth quarter stats from the Calgary Real Estate Trends Report. And finally, a snapshot of the local real estate market for Dec 2015 through to Dec 2016.

Calgary remains slightly in a Buyer's market with 4.04 months of inventory. Compared to last month, homes are selling for 1.85% more and prices

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As new mortgage rules came into effect back in October, we saw an increase in sales and a busy month for Real Estate. November on the other hand, saw sales volume return back to what is considered normal levels for 2016. November Sales Volume was 1227 units, a 3% decrease year over year, and a 17% decrease over long-term averages. Prices decreased 0.6% from October, a 4.1% year-over-year decline.

The market in 2016 has been very segmented and November was a continuation of that. Different districts, price points and categories of product have reacted differently from one another, but overall, there has been a disconnect between buyers and sellers expectations. For example, sales volume in the detached market declined 3% year to date, and the apartment

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October was a busy month for Real Estate. The biggest change came when the government announced new mortgage rules. If you're not already familiar with these new rules, you can read our Blog entitled New Mortgage Guidelines. With these new changes came significant improvement in sales volume in Calgary. This means more buyers were able to get into the market this month, and more sellers were able to move on. Although the city faces some downward pressure in pricing, the average price of a home was actually 1% higher than this time last year, and October sales are going strong with 16% more sales than October 2015.

Buyers: It is a balanced market but prices have dropped in all sectors compared to last month. Apartments, attached and detached homes are

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A new season is here and with it, more changes in the housing market. This month, Calgary had its first year over year increase in sales volume (2%). We are also beginning to see stability in the detached market. The average price of a home rose 3.68%, from $474,035 to $491,462. Compared to last month, homes are selling 1 day (2.17%) faster at an average of 46 days on the market. When looking at the percentage of homes sold, compared to the number of listings on the market, odds of selling decreased by 8.77%. This is because there are 7.68% more new listings on the market and fewer sales (89 less homes sold) than last month. View all of this month's statistics below. 

*Since it's the end of the third quarter for 2016, this month I am also including

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