Updated: CREB’s stat package is available for download at the bottom of this post.
The percentage change from last year is in brackets.
Metro-Calgary SFH December 2010
Average Price: $441,341.32 (-2.2%)
Median: $389,000 (-2.99%)
Total Sold: 734 (-8.1%)
SFH Prices (click to enlarge)
SFH Inventory (click to enlarge)
SFH Weekly Sales (Click to enlarge)
SFH Pending Sales (click to enlarge)
Metro-Calgary Condo December 2010
Average Price: $282,767.78 (-2%)
Median: $258,500 (-2.45%)
Total Sold: 320 (-6.15%)
Condo Prices (click to enlarge)
Condo Inventory (click to enlarge)
Condo Pending Sales (click to enlarge)
Condo weekly sales
Here are the YEAR-END totals for SFH and Condos, with the percentage change from 2009 YEAR-END in brackets.
Single Family Homes
Average Price: $461,144.09 (+4.25%)
Median: $406,000 (+3.57%)
Total Sales: 12,095 (-16.2%)
Condos
Average Price: $289,696.86 (+2.1%)
Median: $266,500 (+2.5%)
Total Sales: 5,181 (-18.1%)
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A Look Back at CREB’s Forecast for 2010
How accurate was CREB’s forecast for 2010? When it came to prices they were fairly accurate, especially considering the forecast was made a year ago.
For Single Family Homes, they forecast an average price of $470,000 or a 6.3% increase from 2009. (Actual: $461,144 / +4.25%)
For Condos, they forecast an average price of $296,000 or a 4.3% increase from 2009. (Actual: $289,697 / +2.1%)
However, the sales forecast was quite abysmal.
For SFH, they forecast 17,000 sales or a 17.7% increase from 2009. (Actual: 12,095 / -16.2%)
For Condos, they forecast 7,000 sales or a 10.6% increase from 2009. (Actual: 5,181 / -18.1%)
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Hi Mike, thanks for doing the stats all year, I enjoy reading your posts frequently.
With regard to the annual average increase, did much of that come during first half of the year when the market was pretty good, vs the latter half of the year where some months when the volume and prices dropped.?
thanks
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Mike Fotiou says: At the end of June, YTD there had been 6,851 sales with an average price was $467,760 and a median of $416,000. You can see the YTD numbers in CREB’s month-end stat package.
The SFH market continues to turn more bullish – we are down again on Inventory and listings and up on sales when adjusted for seasons. Mean and median dropped though. My sense is that we are at a near-term bottom at least.
Sales:New listings took a big bullish turn this month – that bodes well for sellers in the next couple of months. We are also in a balanced market for the first time since April
Next month I would expect:
Inventory 2950
Mean 450000
Median 395000
Sales 900
Listings 1730
Calgary 2011 Property and Business Assessment Notices are scheduled to be mailed on Jan. 04, 2011.
Once 2011 Property Assessment findings are released, I’ll post them.
Anyone know where I can find monthly sales stats for Okotoks?
Blainer, they’re available in the Town & Country stat package released by CREB.
Thanks! I’m assuming those numbers include both SFHs and condos.
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Mike Fotiou says: I believe so.
Hi mike, I have one question- What percentage have prices fallen from the peak in 2007? Thanks , Roy
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Mike Fotiou says: From the peak in July 2007 until December 2010, the average price is down 12.76%.