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Calgary Real Estate Market Trends for Calgary and area
 
Calgary Real Estate Market Trends and Statistics are provided by Calgary Realtor Elke Babiuk, courtesy of the Calgary Real Estate Board (CREB®). The links go to the Board's website. The 2009 Calgary-Metro Real Estate Market Values are below, the 2008 Market stats and the full 2007 Stats are also below.



Jan 2010 Excerpts from CREB® news release (February 1, 2010): Affordability Drives Calgary’s Housing Market. With rising interest rates on the horizon buyers will see 2010 as the year to take advantage of low mortgage rates

“Low mortgage rates and earlier price reductions have improved the affordability of home ownership for Calgarians,” says Diane Scott, newly elected president of CREB®. “For the time being average home prices are more in line with average incomes.A narrowing gap between the costs of renting versus owning a home will attract more first time home buyers into the market in 2010,” adds Scott.

"The median price of a single family home in the city of Calgary for January 2010 was $398,000, showing a 1 per cent decrease from December 2009, when the median price was $401,000, and a 6 per cent increase from January 2009, when the median price was $374,700. The median price of a condominium in January 2010 was $265,000, remaining the same as in December 2009, when the median was also $265,000. That’s up 9 per cent from January 2009, when the median price was $243,000."

“Affordability is the silver lining in Calgary’s housing market. Even in the face of slowing wage growth—we can see affordability has improved. Higher prices in 2007 and 2008 left the average family with a maximum buying power of $250,000—while average single family prices pushed well into the $450,000 range. Lower interest rates have enabled these same families to now look at homes in the $350,000 to $375,000 range—closer to average market prices,” says Scott.

“The outlook for Calgary is still about energy.Re-starting of investment in Fort McMurray will be needed to boostemployment in Calgary. Undoubtedly Calgary’s economic recovery is still fragile—and improvements in the housing market will be gradual and modest. The good news is improved housing affordability will make Calgary more attractive to job seekers than in past years,” says Scott.

 
 

2010 Calgary-Metro Real Estate Market Values - News Releases by CREB®

Jan 2010Feb 2010Mar 2010Apr 2010May 2010June 2010
Jul 2010Aug 2010Sept 2010Oct 2010Nov 2010Dec 2010
end of news releases
 

Calgary District & Community Market Stats 2010 - Single Family

Jan 2010Feb 2010Mar 2010Apr 20101st Quarter
May 2010June 2010July 2010Aug 20102nd Quarter
Sept 2010Oct 2010Nov 2010Dec 20103rd Quarter
2010 Single Family Year-to-Date4th Quarter
 

Calgary District & Community Market Stats 2010 - Condominiums

Jan 2010
 

Town & Country Stats 2010 - Calgary-Area Satellite Communities & Rural Acreages

Jan 2010
 
Graphs: Calgary Metro Market Values Total MLS® Jan 2010
 

2009 Calgary-Metro Real Estate Market Values - News Releases by CREB®

December 2009 Release and Excerpt. "Housing Recovery Continues With Active December Market. Year-over-year sales increase for seventh consecutive month."
 

The number of single family homes sold in December 2009 in the city of Calgary was up 78 per cent from the same time a year ago, while condominiums sales saw an increase of 66 per cent from the same time a year ago. “Pent up demand by first time buyers, record low mortgage rates and improved affordability have helped bolster the Calgary market in 2009" says Bonnie Wegerich, president of the Calgary Real Estate Board.

Total MLS® Market Values Dec 09

 

Jan 2009Feb 2009Mar 2009Apr 2009May 2009June 2009
July 2009Aug 2009Sept 2009Oct 2009Nov 2009Dec 2009
end of news releases
 
Calgary District & Community Market Stats 2009 - Single Family
Jan 2009Feb 2009Mar 2009Apr 20091st Quarter
May 2009June 2009July 2009Aug 20092nd Quarter
Sept 2009Oct 2009Nov 2009Dec 20093rd Quarter
2009 Single Family Year-to-Date4th Quarter
 
Calgary District & Community Market Stats 2009 - Condominiums
Jan 2009Feb 2009Mar 2009Apr 20091st Quarter
May 2009June 2009Ju 2009Aug 20092nd Quarter
Sept 2009Oct 2009Nov 2009Dec 20093rd Quarter
2009 Condominium Year-to-Date4th Quarter
 
Town & Country Stats 2009 - Calgary-Area Satellite Communities & Rural Acreages
Jan 2009Feb 2009Mar 2009Apr 20091st Quarter
May 2009June 2009July 2009Aug 20092nd Quarter
Sept 2009Oct 2009Nov 2009Dec 20093rd Quarter
2009 Town & Country Year-to-Date4th Quarter
 
Note on Average Versus Median Sale Price: The Median price is a more realistic indicator of property values. The Median Price is midway between the least expensive and most expensive home sold in an area during a given period of time. In other words, during that period of 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 Market Stats CREB News Release for Jan 2010

SINGLE FAMILY - Calgary-Metro - Long Term Comparison Study - Jan 2010
2010  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 1,822 1,822
 Sales 762 762
 Avg Price 441,217 441,217
 Median 398,000 398,000
2009  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 2,068 2,057 2,023 2,010 2,235 2,244 2,089 1,910 1,857 1,819 1,365 806 22,459
 Sales 550 825 1,086 1,290 1,584 1,837 1,585 1,277 1,257 1285 1095 799 14,440
 Avg Price 413,049 415,568 420,354 426,311 436,427 447,142 436,782 454,130 459,085 462,465 464,444 451,349 442,327
 Median 374,700 375,000 375,000 380,000 390,000 399,000 390,000 400,000 399,900 410,000 408,000 401,000 392,000
2008  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 3,023 2,981 3,493 3,377 3,432 2,797 2,559 2,270 2,631 2,322 1,567 836 31,259
 Sales 1,083 1,252 1,418 1,363 1,368 1,439 1,313 1,170 1,152 820 670 449 13,455
 Avg Price 455,297 471,696 475,513 474,564 479,564 473,774 456,380 440,625 444,048 449,100 435,471 417,398 460,327
 Median 410,000 428,000 420,000 420,000 419,000 408,000 408,500 398,000 395,000 390,000 387,300 380,000 409,000
2007  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 2,325 2,206 3,131 3,100 3,652 3,315 2,548 2,837 3,106 2,586 1,949 984 31,722
 Sales 1,497 1,942 2,272 2,086 1,995 1,757 1,495 1,314 1,064 1,113 1,103 846 18,438
 Avg Price 432,877 448,557 479,914 474,250 487,523 496,890 505,920 485,914 470,888 452,254 462,134 444,769 472,230
 Median 380,000 408,000 427,000 432,000 435,000 439,000 435,000 430,000 420,500 412,500 407,500 406,788 421,000
2006  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 1,774 1,966 2,472 2,197 2,477 2,757 2,718 2,585 2,954 2,513 1,629 969 27,011
 Sales 1,445 1,804 2,049 2,040 2,040 1,948 1,425 1,341 1,193 1,241 1,397 1,190 19,113
 Avg Price 339,095 360,917 381,571 388,585 415,815 424,585 418,998 429,855 426,622 423,870 408,696 405,352 400,398
 Median 305,000 321,000 339,000 356,000 375,000 385,800 384,100 386,000 383,388 375,000 375,000 368,000 361,000
CONDOS  - Calgary-Metro - Long Term Comparison Study - Jan 2010
2010  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 951 951
 Sales 376 376
 Avg Price 282,639 282,639
 Median 265,000 265,000
2009  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 941 892 903 967 998 927 918 832 940 859 705 444 10,323
 Sales 225 343 446 579 653 738 702 632 580 601 504 341 6,328
 Avg Price 270,940 268,971 284,056 277,953 275,212 285,595 285,032 283,330 290,253 289,155 294,264 288,640 283,734
 Median 243,000 249,900 260,000 251,000 255,000 265,500 263,000 260,000 265,000 263,500 264,900 265,000 260,000
2008  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 1,406 1,244 1,561 1,493 1,538 1,234 1,183 1,054 1,186 1,071 741 431 14,148
 Sales 454 562 565 581 577 556 535 495 465 399 284 205 5,661
 Avg Price 311,232 311,812 312,620 312,586 311,816 315,042 296,338 287,832 287,426 289,148 285,820 274,919 302,408
 Median 290,000 295,000 293,000 290,000 285,000 282,000 273,500 268,500 265,000 268,000 251,800 254,000 279,500
2007  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 1,004 889 1,250 1,157 1,332 1,253 1,117 1,186 1,315 1,203 890 468 13,057
 Sales 736 895 1,026 839 887 792 603 598 483 501 496 393 8,236
 Avg Price 287,299 301,812 312,280 329,429 332,237 323,269 318,582 320,790 321,614 331,617 312,710 304,719 316,370
 Median 267,500 280,800 290,000 309,000 308,000 304,900 297,900 301,000 300,000 289,000 285,000 286,000 295,000
2006  Jan  Feb  March  April  May  June  July  Aug  Sept  Oct  Nov  Dec  YTD
 New Listings 730 752 893 834 1,005 1,087 1,041 967 1,129 1,063 722 426 10,649
 Sales 554 805 874 798 892 875 695 679 553 535 603 533 8,396
 Avg Price 209,484 217,212 236,549 255,937 273,407 281,176 276,463 283,547 292,796 290,487 282,781 280,637 263,684
 Median 181,500 195,000 215,000 236,000 257,000 259,900 261,500 264,000 269,500 264,000 258,000 255,900 245,000



2008 Calgary Real Estate Market Trends
 
Calgary Real Estate Board Market (CREB®) Stats News Releases - 2008
Jan 2008Feb 2008Mar 2008Apr 2008May 2008Jun 2008
Jul 2008Aug 2008Sep 2008Oct 2008Nov 2008Dec 2008
end of 2008 news releases
 
Calgary District & Community Stats 2008 - Single Family
Jan 2008Feb 2008Mar 2008Apr 20081st Quarter
May 2008Jun 2008Jul 2008Aug 20082nd Quarter
Sep 2008Oct 2008Nov 2008Dec 20083rd Quarter
Year-to-Date (YTD) 2008 - Single Family Residential4th Quarter
 
Calgary District & Community Stats 2008 - Condos
Jan 2008Feb 2008Mar 2008Apr 20081st Quarter
May 2008Jun 2008Jul 2008Aug 20082nd Quarter
Sep 2008Oct 2008Nov 2008Dec 20083rd Quarter
Year-to-Date (YTD) 2008 - Condominiums4th Quarter
 
Town & Country Stats 2008 - Calgary Area Satellite Communities/Rural Acreages
Jan 2008Feb 2008Mar 2008Apr 20081st Quarter
May 2008Jun 2008Jul 2008Aug 20082nd Quarter
Sep 2008Oct 2008Nov 2008Dec 20083rd Quarter
Year-to-Date (YTD) 2008 - Town and Country4th Quarter
 

Calgary Real Estate Board Reports on Market Statistics


The Reports on Calgary Real Estate Market Values on Average Home Prices in and around Calgary are provided courtesy of the Calgary Real Estate Board.  Some have been combined into one file from their original format. For a quick summary of average home prices in each MLS Zone, see my Table in the first section above.


2007 - Year to Date

Final Market Values for 2007 - Single Family Residential, Condo, Town & Country

2007- 4th Quarter

Combined Stats for Single Family, Condo, Town & Country

2007 - 3rd Quarter

Combined Stats - Single Family, Condo, Town and Country

2007 - 2nd Quarter

Combined Stats

2007 - 1st Quarter

Combined Stats

2006 Market Values

Year To Date - Single Family Homes, Condos, and Rural Property Values


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MaxWell Canyon Creek Realtors® Elke Babiuk, Michelle Larcher
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