Sales are up across the board this week and inventory is slowly dwindling. The market is nearly balanced if you look at the sales vs. inventory, and activity over the past couple weeks. Is this the end of the drop in home prices in Calgary and the conclusion to the Calgary real estate crash that so many talked about? Has the bubble burst and a new one begun? I think a couple more months of stable sales numbers will tell the tail. Let me know your thoughts.
Here are this weeks Calgary real estate statistics for June 8 – June 14, 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.
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 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.
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.
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.
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