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September Residential Real Estate Stats - Brought to you by the Calgary Real Estate Board
Properties continue to change hands in Calgary at a respectable rate, despite high inventory numbers, according to figures released by the Calgary Real Estate Board (CREB®).
Single family Calgary metro sales for September 2007 were 1,064, a decrease of 10.81 per cent from the 1,193 sales recorded in September 2006 and a decrease of 19.03 per cent from the 1,314 sales recorded in August. Single family Calgary metro new listings added for the month of September totaled, 3,106, a 5.15 per cent increase over the 2,954 new listings added in September 2006. This is an increase of 9.48 per cent over the 2,837 new listings added in August 2007.
The median price of a single family Calgary metro home in September 2007 was $420,500 showing a 9.68 per
cent increase over September 2006, when the median price was $383,388 and showing a 2.21 per cent decrease
from August when the median price was $430,000. All Calgary Metro MLS® statistics include properties listed and sold only within Calgary’s City limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers
bought homes that cost more than the median price and half bought homes for less than the median price.
Calgary metro condominium new listings added in September were 1,315, showing an increase of 10.88 per cent from the 1,186 new listings added in August. This is a 16.47 per cent increase from the 1,129 new listings coming to market in September 2006. Calgary metro condominium sales in September 2007 were 483; a decrease of 12.66 per cent from September 2006, when the sales were recorded as 553 and a 19.23 per cent decrease from the 598 condominium sales recorded in August 2007.
“This is an excellent opportunity for buyers to purchase their dream home because of the wide selection of homes available in the Calgary and area marketplace,” says Calgary Real Estate Board President, Ron Stanners. “Single Family Calgary Metro Sales declined 19.03 per cent from August sales, however, sales year-to-date are still marginally ahead of 2006 as of the end of September. The median price has dropped from $430,000 in August
to $420,500 in September; a decline of 2.21%. Overall sales remain steady and we expect the market to remain
steady through the balance of the year.” |
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CALGARY REAL ESTATE BOARD
TOTAL MLS® FOR SEPTEMBER 2007
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2007 |
2006 |
Mth Chg |
** 2007 YTD |
**2006 YTD |
YTD Chg |
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SINGLE FAMILY (Calgary Metro) |
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Month End Inventory |
5,562 |
n/a |
n/a |
n/a |
n/a |
n/a |
|
New Listings Added |
3,106 |
2,954 |
5.15% |
26,202 |
21,900 |
19.64% |
|
Sales |
1,064 |
1,193 |
-10.81% |
15,388 |
15,285 |
0.67% |
|
Avg DOM Sold |
40 |
28 |
42.86% |
30 |
18 |
66.67% |
|
Avg DOM Active |
39 |
40 |
-2.50% |
39 |
40 |
-2.50% |
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Average Sale Price |
470,888 |
426,622 |
10.38% |
475,865 |
397,348 |
19.76% |
|
Median Price |
420,500 |
383,388 |
9.68% |
424,250 |
359,900 |
17.88% |
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Total Sales |
501,024,698 |
508,959,577 |
-1.56% |
7,321,654,460 |
6,073,458,614 |
20.55% |
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Sales $/List $ |
97.19% |
97.84% |
-0.67% |
98.08% |
99.48% |
-1.41% |
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CONDOMINIUM (Calgary Metro) |
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Month End Inventory |
2,235 |
n/a |
n/a |
n/a |
n/a |
n/a |
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New Listings Added |
1,315 |
1,129 |
16.47% |
10,501 |
8,438 |
24.45% |
|
Sales |
483 |
553 |
-12.66% |
6,850 |
6,725 |
1.86% |
|
Avg DOM Sold |
41 |
26 |
57.69% |
29 |
17 |
70.59% |
|
Avg DOM Active |
37 |
37 |
0.00% |
37 |
37 |
0.00% |
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Average Sale Price |
321,614 |
292,796 |
9.84% |
316,188 |
258,496 |
22.32% |
|
Median Price |
300,000 |
269,500 |
11.32% |
295,000 |
241,000 |
22.41% |
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Total Sales |
155,339,526 |
161,916,041 |
-4.06% |
2,165,573,223 |
1,738,385,570 |
24.57% |
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Sales $/List $ |
97.41% |
98.12% |
-0.73% |
98.35% |
100.46% |
-2.10% |
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TOWNS (Outside Calgary) |
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Month End Inventory |
1,965 |
n/a |
n/a |
n/a |
n/a |
n/a |
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New Listings Added |
877 |
682 |
28.59% |
7,303 |
5,406 |
35.09% |
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Sales |
363 |
405 |
-10.37% |
4,407 |
4,285 |
2.85% |
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Avg DOM Sold |
51 |
43 |
18.60% |
42 |
37 |
13.51% |
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Avg DOM Active |
54 |
60 |
-10.00% |
54 |
60 |
-10.00% |
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Average Sale Price |
400,938 |
324,215 |
23.66% |
373,641 |
287,866 |
29.80% |
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Median Price |
370,000 |
302,000 |
22.52% |
346,000 |
261,500 |
32.31% |
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Total Sales |
145,540,434 |
131,306,905 |
10.84% |
1,646,635,175 |
1,233,504,122 |
33.49% |
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Sales $/List $ |
97.40% |
98.17% |
-0.79% |
98.08% |
98.90% |
-0.83% |
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COUNTRY RESIDENTIAL (Acreages) |
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Month End Inventory |
774 |
480 |
61.25% |
n/a |
n/a |
n/a |
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New Listings Added |
220 |
183 |
20.22% |
1,865 |
1,493 |
24.92% |
|
Sales |
67 |
73 |
-8.22% |
674 |
871 |
-22.62% |
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Avg DOM Sold |
66 |
60 |
10.00% |
63 |
60 |
5.00% |
|
Avg DOM Active |
72 |
82 |
-12.20% |
72 |
82 |
-12.20% |
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Average Sale Price |
809,240 |
596,247 |
35.72% |
829,908 |
671,332 |
23.62% |
|
Median Price |
775,000 |
567,500 |
36.56% |
750,000 |
580,000 |
29.31% |
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Total Sales |
54,219,088 |
43,526,000 |
24.57% |
559,357,955 |
584,730,391 |
-4.34% |
|
Sales $/List $ |
94.43% |
96.54% |
-2.18% |
95.90% |
96.26% |
-0.37% |
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RURAL LAND |
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Month End Inventory |
412 |
239 |
72.38% |
n/a |
n/a |
n/a |
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New Listings Added |
91 |
86 |
5.81% |
833 |
86 |
868.60% |
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Sales |
28 |
30 |
-6.67% |
316 |
357 |
-11.48% |
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Avg DOM Sold |
106 |
99 |
7.07% |
96 |
110 |
-12.73% |
|
Avg DOM Active |
95 |
89 |
6.74% |
95 |
89 |
6.74% |
|
Average Sale Price |
699,518 |
731,137 |
-4.32% |
526,997 |
525,749 |
0.24% |
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Median Price |
401,000 |
460,000 |
-12.83% |
366,000 |
300,500 |
21.80% |
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Total Sales |
19,586,500 |
21,934,100 |
-10.70% |
166,531,129 |
187,692,481 |
-11.27% |
|
Sales $/List $ |
96.49% |
91.15% |
5.85% |
94.82% |
95.93% |
-1.15% |
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TOTAL MLS®* |
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Month End Inventory |
11,001 |
6,801 |
61.76% |
n/a |
n/a |
n/a |
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New Listings Added |
5,644 |
5,052 |
11.72% |
46,990 |
38,075 |
23.41% |
|
Sales |
2,030 |
2,273 |
-10.69% |
27,821 |
27,695 |
0.45% |
|
Avg DOM Sold |
44 |
32 |
37.50% |
34 |
23 |
47.83% |
|
Avg DOM Active |
45 |
50 |
-10.00% |
45 |
50 |
-10.00% |
|
Average Sale Price |
432,233 |
382,268 |
13.07% |
426,797 |
354,802 |
20.29% |
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Median Price |
384,000 |
335,000 |
14.63% |
380,000 |
314,900 |
20.67% |
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Total Sales |
877,432,796 |
868,896,123 |
0.98% |
11,872,635,886 |
9,826,249,866 |
20.83% |
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Sales $/List $ |
97.06% |
97.69% |
-0.64% |
97.98% |
99.31% |
-1.34% |
*Total MLS® includes Mobile Listings
**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. |
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CALGARY REAL ESTATE BOARD
CALGARY METRO
SINGLE FAMILY BY STYLE
SEPTEMBER 2007
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Style |
Inventory |
Listings Added |
Sales |
Avg Price |
Total Sales |
Median Price |
Avg DOM |
S$/L$ |
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NW |
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BK-SP |
8 |
6 |
3 |
349,000 |
1,047,000 |
346,000 |
24 |
98.84% |
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BLEVL |
114 |
71 |
32 |
425,123 |
13,603,950 |
385,000 |
43 |
97.39% |
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BUNG |
417 |
247 |
79 |
469,872 |
37,119,926 |
447,000 |
32 |
97.06% |
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BUNGH |
13 |
8 |
4 |
606,250 |
2,425,000 |
515,000 |
23 |
96.63% |
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HL-SP |
1 |
0 |
0 |
- |
- |
- |
0 |
0.00% |
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SPLT2 |
100 |
66 |
23 |
513,109 |
11,801,500 |
495,000 |
30 |
97.42% |
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SPLT3 |
11 |
9 |
2 |
576,500 |
1,153,000 |
403,000 |
47 |
97.22% |
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SPLT4 |
83 |
48 |
26 |
418,633 |
10,884,450 |
399,000 |
46 |
97.05% |
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SPLT5 |
7 |
6 |
3 |
379,833 |
1,139,500 |
370,000 |
38 |
97.42% |
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ST1.5 |
39 |
24 |
4 |
811,225 |
3,244,900 |
599,900 |
39 |
98.64% |
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ST2 |
1015 |
603 |
200 |
500,211 |
100,042,186 |
466,000 |
43 |
97.58% |
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ST2.5 |
10 |
5 |
1 |
1,245,000 |
1,245,000 |
1,245,000 |
202 |
99.61% |
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ST3 |
7 |
2 |
0 |
- |
- |
- |
0 |
0.00% |
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VILLA |
1 |
0 |
1 |
405,500 |
405,500 |
405,500 |
57 |
96.57% |
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NE |
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BK-SP |
10 |
4 |
0 |
- |
- |
- |
0 |
0.00% |
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BLEVL |
179 |
113 |
50 |
330,890 |
16,544,500 |
328,000 |
38 |
97.21% |
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BUNG |
273 |
143 |
64 |
338,963 |
21,693,657 |
336,900 |
41 |
96.82% |
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SPLT2 |
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