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Calgary Home Sales Continue to Rise

Posted by Jim Sparrow on Monday, September 30th, 2013 at 12:18pm.

Calgary Board MLS® sales climb for 6th consecutive monthThis marks the 6th consecutive month Calgary home sales have exceeded last years results, as the Board sales for the Calgary metro area are poised to finish about 20% higher than results from last September.

Monthly sales have surpassed 2012 numbers for every month this year with the exception of February and March, which only missed matching last years figures by a couple of percentage points.

2013 year-to-date sales were ahead of 2012 numbers by 1.6% after the first quarter, 4.5% higher after the second quarter of the year, and projected 3rd quarter totals are just under 10% higher than last year.


Calgary Metro Board MLS® Sales: Year-to-date 2013

Sales of Calgary homes and condos are higher than they've been in six years, with year-to-date totals reaching 18,573 as of midnight September 28th. 2007 was the most recent year to have more sales at this point in September. 2013 sales are nearly 10% higher than last year at the same time.

Year-to-date metro Calgary MLS® sales 2013


Average Calgary Home Price: Single Family Year-to-Date

The average price of a Calgary home is now well over $500,000, levels never seen before. Year-to-date the average Calgary home sale price is $517,664 (YTD), 8.1% higher than the same time last year. The strong local economy combined with a post-flood surge in demand have resulted in extremely low listing inventory levels. Currently there are just over 4,000 homes & condos listed in the metro area, 20% lower than the same time a year ago. The number of single family home listings are down about 16% from 2012. Calgary home inventory is just over 2 months of supply for the current level of demand. Single family home sales should reach 1,355 properties for metro Calgary in September. Home & condo owners aren't interested in selling properties, which has caused sale prices to increase.

 Year-to-date average Calgary SF home sale price - September 2013

Average Calgary Condo Price: Condominium Year-to-Date

The average price of a Calgary condo is now $315,494 (YTD). Average condo prices haven't been at this level since 2007. Metro Calgary condo listing inventory is now 26% below what was available last year at the end of September. There are just over 2 months of active condo listings available for the current level of demand (metro condo sales for Calgary should total +/- 575 units for September 2013).

Year-to-date average sale price of Calgary condos September 2013 

Calgary Luxury Sales: Million Dollar Property sales in metro Calgary

There have been more Calgary luxury homes & condos sold in 2013 than in any previous year, by quite a margin (YTD). 580 homes & condos have sold for a million dollars or more as of September 28th, 42% higher than 2012 and 49% higher than in 2007. Million dollar plus sales now account for 3.1% of the total sales of Calgary metro property, versus 2.4% of total sales in 2012 and 1.8% of total sales in 2007. Overwhelmingly this is due to the confidence Calgarians have in the local economy and the value of property in the city, which remains substantially lower than similar high-end properties in the Vancouver and Toronto markets. 

View the NEWEST Calgary Real Estate Listings, updated each day for the entire city. Also visit our Southwest, Northwest or Southeast new listing pages. New Condo Listings can also be viewed.

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.

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