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SW Calgary Market Stats: January 2015

With the price of oil 55% lower than it was 7 months ago, economic conditions have begun to impact Calgary's housing market. Buyers chose to sit on the sidelines in January to see what affect the low price of oil has on Calgary home prices. Perhaps surprising to some, home prices remain at levels higher than a year ago. But will that last?

Total sales of homes and condos in Southwest Calgary decreased by 41% Yr/Yr in January. Southwest Calgary condo sales fell 38%, while SW Calgary home sales dropped by 44% vs January 2014.

The price for a Southwest (SW) Calgary home rose a modest 1% to $550,000 in January, with the average home selling for 2.7% under list price. The price of SW condos dropped by just over 7% to $312,000 *median sale price*, with the average SW condo selling for 2.9% under list price.

SW Calgary Home & Listing Sales Stats

January 2015 Southwest Calgary Sales & MLS® System Stats

139 Southwest Calgary homes sold on the Calgary MLS® System in January 2015, an 44.2% decrease from same period in 2014

  • Median sale price of $550,000, 1.1% higher than same period 2014
  • Average sale price of $624,033, 0.4% higher than same period 2014
  • Average days on market (DOM) for SW Calgary home sales = 40 days
  • January Sale price to List price ratio for SW Calgary homes = 97.3%
  • Average Sale Price per Square Foot = $378/Sq Ft
  • Median Sale Price per Square Foot = $354/Sq Ft
  • Evergreen was again the most active SW district with 12 home sales recorded in January

141 Southwest Calgary condos sold on the Calgary MLS® System in January 2015, a 37.9% decrease from same period in 2014

  • Median sale price of $312,000, 7.1% lower than same period last year
  • Average sale price of $371,157, 2.1% lower than same period last year
  • Average days on market (DOM) for SW Calgary condo sales = 53 days
  • January Sale price to List price ratio for SW Calgary condos = 97.1%
  • Average Sale Price per Square Foot = $358/Sq Ft
  • Median Sale Price per Square Foot = $322/Sq Ft
  • Connaught was again the most active SW district with 16 condo sales recorded in January

SW Calgary 4th Quarter 2014 Sales Stats

4th quarter 2014 (October 1st thru December 31st) real estate sales for SW Calgary on the Calgary MLS® system consisted of a total of 1,673 property sales, including:

850 SW Calgary homes sold 4th Quarter 2014

  • SW Calgary homes sales down 11.3% vs 4th quarter 2013
  • 4th quarter Median SW Calgary home sale price = $600,000 up 8.2% vs 4th QTR 2013
  • 4th quarter Average SW Calgary home sale price = $702,141 up 7.1% vs 4th QTR 2013
  • Avg. DOM for SW Calgary homes = 42 days vs. 43 days 4th QTR 2013
  • 4th quarter Sale Price to List Price ratio for SW Calgary homes = 97.4%

823 SW Calgary condos sold 4th Quarter 2014

  • SW Calgary condo sales up 1.9% vs 4th quarter 2013
  • 4th quarter Median SW Calgary condo sale price = $330,000 up 3.3% vs 4th QTR 2013
  • 4th quarter Average SW Calgary condo sale price $367,697 up 1.8% vs 4th QTR 2013
  • Avg DOM for SW Calgary condos = 41 days vs. 45 days 4th QTR 2013
  • 4th quarter Sale Price to List Price ratio for SW Calgary Condos = 97.6%

View the NEWEST Calgary Real Estate Listings, updated each day for the entire city. Also visit our Southwest, Northwest or Southeast pages for all current properties for sale.

Questions about Southwest Calgary real estate or neighbouring areas? Please email or phone Jim Sparrow @ 403-252-5900 and we'll be happy to assist you.

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This Is A True Penthouse As You Own The Entire Floor...

$8,500,000
Calgary, AB
2 br, 5 ba, 5,638 ft² Condo / Townhouse
Price:
$8,500,000
City:
Calgary
Beds:
2
Baths:
5
Type:
Condo / Townhouse
MLS® #:
C3610705
Provider:
Sotheby's International Realty Canada

This Is A True Penthouse As You Own The Entire Floor - Over 6000 Square Feet. This Central Location Is...

C3610705 This is a true Penthouse as you own the entire floor - over 6000 square feet. This central location is adjacent to the Calgary Saddledome...
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On The 14th Floor Is The Largest Residence Remaining...

$8,389,500
Calgary, AB
3 br, 3 ba, 5,148 ft² Condo / Townhouse
Price:
$8,389,500
City:
Calgary
Beds:
3
Baths:
3
Type:
Condo / Townhouse
MLS® #:
C3612134
Provider:
Sotheby's International Realty Canada

On The 14th Floor Is The Largest Residence Remaining At The River. With More Than 5,100 Square Feet Of...

Calgary Listing for Sale at # 1400 135 26 Av Sw, Mission
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Welcome To This Magnificent Home In The Prestigious...

$8,180,000
Calgary, AB
6 br, 8 ba, 6,297 ft² Single Family
Price:
$8,180,000
City:
Calgary
Beds:
6
Baths:
8
Type:
Single Family
MLS® #:
C3653337
Provider:
Engel & Volkers Calgary

Welcome To This Magnificent Home In The Prestigious Community Of Pumphill. This Gated Masterpiece Is...

Calgary Board MLS® System listing at 15 Pump Hill Cl Sw, C3653337
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Welcome To Prestigious Elbow Park And Experience This...

$6,999,000
Calgary, AB
4 br, 6 ba, 4,049 ft² Single Family
Price:
$6,999,000
City:
Calgary
Beds:
4
Baths:
6
Type:
Single Family
MLS® #:
C3652931
Provider:
Engel & Volkers Calgary

Welcome To Prestigious Elbow Park And Experience This Incomparable Bungalow. This Custom Built Energy...

Calgary Board MLS® System listing at 611 Sifton Bv Sw, C3652931
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Gst Included In Price.stunning 3077 Square Foot Penthouse...

$6,037,500
Calgary, AB
2 br, 2 ba, 3,077 ft² Condo / Townhouse
Price:
$6,037,500
City:
Calgary
Beds:
2
Baths:
2
Type:
Condo / Townhouse
MLS® #:
C3642610
Provider:
Re/max Real Estate (central)

Gst Included In Price.stunning 3077 Square Foot Penthouse Residence In Calgary's Newest Luxury Development,...

Calgary Board MLS® System listing at # 12 304 26 Av Sw, C3642610
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Gst Included In Price. Fabulous Skyplex 3300 Square...

$5,932,500
Calgary, AB
2 br, 3 ba, 3,303 ft² Condo / Townhouse
Price:
$5,932,500
City:
Calgary
Beds:
2
Baths:
3
Type:
Condo / Townhouse
MLS® #:
C3641105
Provider:
Re/max Real Estate (central)

Gst Included In Price. Fabulous Skyplex 3300 Square Foot Two Storey Residence In Calgary's Newest Luxury...

Calgary Board MLS® System listing at # 7 304 26 Av Sw, C3641105
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Neighbourhoods of Southwest Calgary

SW Calgary is comprised of over 80 different communities, and offers homes and condos in every price range, from starter to estate properties.Southwest Calgary is also home to some of the city's wealthiest and most sought after communities, such as Britannia, Mount Royal and Elbow Park, where the natural beauty and quality of life in Canada's most exciting city is undeniable. To view the most prestigious SW Calgary property currently listed for sale visit Southwest Calgary Luxury Real Estate.

Browse the many southwest Calgary communities to find the best fit for your lifestyle, or view all current SW Calgary real estate for sale. All of our SW Calgary neighbourhood pages include school information along with much more.

If you have any questions about southwest Calgary real estate, or neighbouring areas, please fill out our contact form, or call 403-703-2404 for assistance

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Disclaimer: Information herein deemed reliable but not guaranteed by the CREB and EREB.

Listing information last updated on March 5th, 2015 at 8:01pm MST.

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