November 2011 Calgary Real Estate Market Review

- Number of SF Calgary MLS® sales (homes) for the month of November 2011 showed an 8.1% increase over November 2010.
- Average sale price for Calgary homes was $470,665, a 3.3% increase over Nov 2010
- Median sale price for Calgary homes was $402,925 in November, a 0.76% increase over Nov 2010.
- Average days on market (DOM) for SF Calgary home sales in November was 52 days
- Calgary MLS® condo sales were significantly higher vs last year, with 26.8% more condo units selling last month vs November 2010.
- Average sale price for Calgary condos was $273,356, down 3.97% from from Nov 2010
- Median sale price for Calgary condos fell 1.63% from the November 2010 level
- Average days on market (DOM) for Calgary condos was 57 days in November 2011
Calgary Real Estate Prices: November 2011

Calgary real estate sales numbers for the month of November 2011 were just over 13% higher than Nov 2010 *combined sales metro Calgary homes + condos*. On a year-over-year basis, the average sale price for Calgary homes increased 3.3% while the median price was essentially the same (0.76% increase). Despite the significant increase in Calgary condo sales (up 27.1% vs last November), both average & median sale price fell vs last year. This is attributed to a higher level of $200,000 - $300,000 condo units.
Recent Articles on Calgary Real Estate
Calgary Real Estate Board (CREB): Calgary Real Estate Stats - CREB
Calgary Real Estate Board (CREB): Calgary SF Sales by district - October 2011
Calgary Real Estate Board (CREB): Calgary Condo Sales by district - October 2011
Calgary Herald: Strong Job Growth in Alberta
Living in Calgary: Calgary Property Assessment: Fact or Fiction?
As always, your thoughts & comments are welcomed!
Jim
We'd be happy to discuss this or answer any questions on Calgary real estate - please feel free to contact me below, or if you'd like to chat with me page me directly through Royal LePage Solutions @ 403-252-5900
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