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Calgary Housing Statistics

Posted by Joe Samson on Tuesday, January 2nd, 2018 at 6:24pm.

Calgary Real Estate Statistics - December 2017

ARE YOU THINKING OF BUYING OR SELLING A HOME?
Give us a call at 403-681-9651 to learn more about how we can help with your real estate plans!

Calgary Real Estate Statistics: December 2017

CLICK to view: Calgary real estate map

  • Days on Market: 58 (Up by 3.4% from a year ago)
  • Average Price: $451,587 (Down by 8.7% from a year ago)
  • Active Listings: 4,314 (Up by 14.6% from a year ago)
  • Sold Listings: 1,006 (Up by 8.3% from a year ago)
  • New Listings: 1,222 (Up by 23.2% from a year ago)
  • Sold to List Price Ratio: 97.07% (Up by 0.74% from a year ago)
  • Sold Above Asking Price: 84 (Up by 26.2% from a year ago)
  • Months of Inventory: 4.29 (Up by 5.8% from a year ago)
  • Odds of Selling: 23.3% (Down by 1.4% from a year ago)

Calgary Housing Prices

 

2016 - December

2017 - December

Y/Y - % Change

Total Sales

929

1,006

8.29%

Total Sales Volume

$459,549,032

$454,296,352

-1.14%

New Listings

992

1,222

23.19%

Inventory

3,766

4,314

14.55%

Months of Supply

4.05

4.29

5.78%

Sales to New Listings Ratio

96.65%

82.32%

-11.33%

Sales to List Price Ratio

96.32%

97.07%

0.74%

Days on Market

56

58

3.62%

Benchmark Price

$434,100

$433,200

-0.21%

Median Price

$425,000

$410,000

-3.53%

Average Price

$494,671

$451,587

-8.71%

Index

200

200

-0.20%


Number of Days it Takes to Sell a Home in Calgary (DOM)

Days on MarketIn December 2017, the number of days an average property listed on the market was for 58 days. In the same month of 2016, the average MLS® listing in Calgary sold in 52 days. This figure is composed of all listings on the Calgary MLS® System, including condominiums: apartments, townhouses and single-family and attached houses within the boundaries of Calgary city limits.


Average Real Estate Prices in Calgary

Average Real Estate PricesThe average price of a home in Calgary was $451,587 in December 2017. Currently, it compares to be 8.7% less than in the same month of 2016 when the combined price of single-family, condominiums and attached homes were recorded at $494,671.


Active MLS® Listings in Calgary

Number of Active ListingsActive listings on the market in Calgary can often be the indication of a shifting market as real estate prices can be influenced by the difference between the supply of inventory and the number of buyers being active in the market. In the previous month, the number of active listings in Calgary in December 2017 was recorded at 4,314 units, it is an increase of 14.6% compared to December of 2016 when 3,766 homes were listed for sale in Calgary, AB.


Number of Homes Sold in Calgary

Sold Homes in CalgaryThe number of sold homes in Calgary last month were 1,066 properties. It is an insignificant shift when compared to November's numbers at 1,411 units or a decrease of 28.7%. On a year-over-year comparison, sold units had increased by 8.3%.


New Listings in Calgary

New Listings in CalgaryWhen compared to the same month in 2016, the number of new listings in Calgary in December 2017 decreased by 40.7% as CREB had recorded 1,222 new listings coming on the market in Calgary. On a month-to-month comparison, the number of new listings in Calgary had decreased by 23.2% which is a result of the seasonal cycle of the real estate market.


Sold Homes Above Asking Price

Sold for more than ask priceThe demand for quality homes in Calgary remains as the number of properties that have sold at or above the asking price in December exceeded 84 listings which represent about 8.6 percent of the total sold listings in Calgary. In the same month of the previous year, approximately 26.2% fewer homes have sold for equal or higher than the initial asking price.


Months of Housing Supply

Months of Supply of Real EstateThe pace of the market or months-of-inventory indicates the level of interest of the homebuyers on the street. A typical balanced market can be characterized by a 2-3.5 month of inventory. Currently, the number of active listings are sitting at a supply of 4.29 months. It means, that if buyers would be acquiring real estate at the same rate, then it would take these many months to buy up all the available inventory if no new listings were to enter the market. In 2016 December, the housing supply was more at 4.05 months or buyers were purchasing properties 5.8% less actively than today.


The Odds of Selling a Home

Chances of selling a home in CalgaryThe odds of selling takes into consideration the amount of sold properties compared to all the available listings in Calgary that were on the market in a given month. Within the City of Calgary, in December 2017, 23.3% of all MLS® listings were sold. It also means that 76.7% of homeowners did not succeed at selling and they either became an expired listing or have been terminated at the request of the seller. At the same time in 2016, property owners were able to sell their properties with a 1.4% lower success ratio when approximately 24.7% of the listings in Calgary that went up for sale have been sold.

 

ARE YOU THINKING OF BUYING OR SELLING A HOME?
Give us a call at 403-681-9651 to learn more about how we can help with your real estate plans!


View detailed housing statistics by CREB and find out what the real estate market is doing this year in Calgary.


Calgary, AB Real Estate Blog

 

I am a licensed member of the Real Estate Council of Alberta since 2005 - proudly representing CIR REALTY, Calgary’s largest real estate brokerage. I enjoy keeping my readers up to date with real estate related information that they can easily understand and use for their own benefit. I welcome feedbacks and comments equally from first-time visitors to my blog, past clients and also from my fellow REALTOR® colleagues. Thanks for stopping by!

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