Calgary Market Stats - November 2009
There's no question that confidence has returned to the Calgary real estate market, as witnessed by the number of higher priced properties that are now selling. At the same time low interest *mortgage* rates and an exceptionally low listing inventory (metro Calgary inventory now sitting at just over 2.5 months of listings) are supporting the price levels.
The Calgary real estate market maintained its recovery from last years economic downturn by recording yet another strong month in November. Metro Calgary MLS sales for November 2009 show combined residential sales *SF homes + condos* of 1,599 units, a more than 67% increase from the same time last year. At the same time the price of an average SF Calgary home continues to climb, coming in at $464,444, 6.7% higher than Nov 2008 and about 1/2% higher than last month. Number of sales were down from last month but that's entirely consistent with the seasonal trends of the Calgary market.
|Total Metro Sales||1,599||1,886||954||+67.6%||-15.2%|
|Avg SF Price||$464,444||$462,464||$435,471||+ 6.7%||+ 0.4%|
|Avg Condo Price||$294,154||$289,154||$285,820||+ 3.0%||+ 1.8%|
|DOM - SF Sales||42||41||55||- 13||+ 1|
|DOM - Condo Sales||44||44||51||- 5||+ 2|
Calgary Mobile MLS® Search
Be sure to try our Calgary Mobile Search feature which allows you full search access to all current Calgary MLS® listings on your smartphone.
The next time you're out in the car and want details on a current Calgary MLS® listing simply use the mobile search feature to access full details or to inquire or arrange a showing.
Simply choose the:
- Community (ie/ Elbow Park), and
- Type of property (either SF or condo/townhouse)
- You can also search by NAME of the street (don't include street suffix ie/ RD, ST). House / building numbers can be included
If you're looking to sell or buy, do not hesitate to contact us.
We are prepared to work hard ensuring that your needs are met and that the result is more than you were hoping for. Nothing gives us more pleasure than your success and being with you through major life changes.