It’s been an interesting week in the Calgary real estate market. Earlier last week the bank of Canada announced that the prime lending rate will remain untouched for the next few months. They also announced the end of the recession, which I am a little skeptical off. Since these announcements Calgary home buyers have seemed to ramp up there quest to buy real estate. I was personally working with two sets of buyers this past weekend and ran into competing offers with the one set, while the other had homes sell out from under them while they took the night to make their decision on which home to write an offer on. Things are really starting to pick up again.
Here are this weeks Calgary real estate statistics for July 20 – July 26, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre. You can also look at past Calgary Week In Reviews to gauge how the real estate market is changing in Calgary. If you have questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary real estate questions.
Weekly Absorption Unit Sales vs. Active Listings – Single Family & Condos
The below chart tracks the ACTIVE number of Calgary single family homes & condos for sale on the MLS, against the SOLD single family homes & condos for the mentioned week. This really gives buyers and sellers an accurate picture of the current inventory opposed to the the inventory that is selling. This week single family home listing inventory dropped to 3,396 while condo inventory dropped to 1,651. The amount of single family homes that sold this past week reach 361 and condos reached 173 units sold.
Weekly Absorption Unit Sales vs. Active Listings – 30 Day Average
This chart is similar to the one above, but has all the inventory in Calgary listed together instead of separating the the single family homes and condos. These are the numbers you will often see from the Calgary Real Estate Board or media when they list total listing inventory opposed to the sold inventory. The SOLD numbers are also spread out over a 30 day average so it gives buyers and sellers a good overview of the Calgary real estate market. This week total MLS inventory dropped to 5,047 listings while the MLS 30 day sales average decreased to 2,297 sales.
Calgary MLS Average Weekly Sale Price Trend 2000 – 2008 vs. 2009
This specific chart tracks the average MLS sales price of Calgary single family homes and condos since the year 2000. The last number for the year 2009 represents the average sale price of a Calgary single family home and condo during the week mentioned. This past week the average price of a single family home in Calgary dropped dramatically to $445,890 and the average price of a Calgary condo dropped to $293,084.
Calgary MLS Average SOLD Price Week Over Week 2009 vs. 2008 – Single Family & Condos
The below chart tracks the weekly MLS SOLD prices of Calgary single family homes & condos and compares the data to the previous year of 2008. If you notice many of the weekly price trends are similar to the previous year with average sales price peeking close to the same time of the year. This week the average sale price of a single family home reached $445,890 which is $24,895 less than the same week in 2008. The average sale price of a Calgary condo reached $293,084 which is down $595 from the same week in 2008.
Calgary MLS Sales Volume Week Over Week 2009 vs. 2008
This chart simply details the number of Calgary single family homes & condos sold in the week mentioned and compares the data to the previous year of 2008.
Nevin Van Nest . Realtor . Royal LePage Foothills . Calgary Real Estate Resource Centre