October 1-28, 2012 Calgary Real Estate Update

The Calgary real estate market is looking up

In the words of the Friendly Giant, “Look up, way up.”

Prices and sales are up from last year across all three market segments.

Here’s a brief overview of the Calgary market as we approach the end of October, with year-over-year percentage change in brackets for October 1-28.

Single Family Homes
Average Price: $491,274 (+8.11%)
Median Price:  $432,000   (+9.4%)
Sales:  1,057 (+16.54%)
New Listings: 1,497 (-9.98%)

Condo-Apartments
Average Price: $282,194 (+4.52%)
Median Price:   $248,000  (+4.9%)
Sales: 243 (+26.56%)
New Listings: 361 (-16.44%)

Condo-Townhomes
Average Price: $316,723 (+7.52%)
Median Price:  $290,000   (+5.5%)
Sales:  195 (+32.65%)
New Listings: 252 (-9.35%)

SFH & Condo Luxury Home ($1M and over)
Sales:  42  (+37.5%)

2 responses to “October 1-28, 2012 Calgary Real Estate Update

  1. Hi Mike. I am an avid follower of your blog as I rent out a house in Calgary as I am working away. I see reports we are “flirting” with record boom prices but I don’t see that when I do a mls search. I have a 1431sq ft house 3 bed, 2.5 detatched, double garage in citadel forest close purchased in 2005 for $265K. The peak city of calgary valuation was $425K in 2007. The 2012 valuation was $379,500. When I look at mls listings for citadel that kind of sq footage comes nowhere close to record prices or am I missing something? If it is close to record prices the lease is up in April and I will be only too happy to flog it. http://www.realtor.ca/map.aspx?&vs=VEResidential&beds=0-0&baths=0-0&minp=0&maxp=0&area=citadel%2c+calgary&trt=2#acr:false;ac:false;baths:2-0;beds:3-3;fp:false;gar:true;pmin:350000;pmax:450000;rmin:0;rmax:0;openh:false;pool:false;stories:0-0;buildingstyle:3;buildingtypeid:1;viewtypeid:;waterfront:false;forsale:true;forrent:false;orderBy:A;sortBy:1;LisStartDate:;mapZ:14;page:1;mapC:51.14212114951296, -114.18092966079712;curView:;curStyle:r;leftMin:false;rightMin:false;chkSchl:false;chkTran:false;chkPol:false;chkMed:false;chkWrk:false;chkFire:false;chkAll:false

  2. Hello Lester, thanks for posting. I’ve addressed your comment in my blog post here

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