June 2009 – Calgary Real Estate Review

CREB has released June’s statistics package:  click here to view

June Stats at a Glance

  • SFH sales are up 16% from last month to 1837.   This is an increase of 28% from June 2008 (1439)
  • SFH average price is up 2% from last month to $447, 142.  This is down 6% from June 2008 ($436,427)
  • SFH median price is up 2% from last month to $399,000.  This is down 2% from June 2008 ($408,000)
  • Condo sales are up 13% from last month to 738.  This is an increase of 33% from June 2008 (556)
  • Condo average price is up 4% from last month to $285,595.  This is down 9% from June 2008 ($315,042)
  • Condo median price is up 4% from last month to $265,500.  This is down 6% from June 2008 ($282,000)
June 2009 Prices

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Inventory levels continue to fall.  The peak month-end inventory for SFH so far in 2009 was 4369 back in March.    In all of 2008, only two months had less than this years peak:   January 2008 with 3997 and December with 3860.

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As inventory falls month-to-month, sales continue to rise.   The market has shifted speedily to the edge of a Balanced/Seller’s market.  (1.9 Months for SFH, 2.4 for condos)

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One response to “June 2009 – Calgary Real Estate Review

  1. ***The real estate come out the recession , its really just because of the positive buyers,seller and agent.And the also beneficial loan packages allow by the different banks ***

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