November 1-7, 2012 Calgary Real Estate Update

Single family home sales in the first week of November mirrored year ago levels exactly.  The 226 sales averaged $464,826 (+0.37%) with a median price of $405,500 (-2.3%).   Last year, the 226 sales averaged $463,100 with median of $415,000.

Month-to-date, 5 homes have sold for $1M or more compared to 8 during the same period last year.

Listings continue to be in short supply in relation to last year with new listings down -9.63%.

For comparison, November 2005 had over 360 sales in the first week

Condominium sales are up slightly y/y with 91 units having been sold.   Unlike the single family segment, both average and median prices are showing increases in the first week of November. The average price is up 7% to $294,962, while the median is up 18.8% to $287,412.

New listings are nearly identical to last November with only 2 fewer listed so far MTD.

November 2005 had the most activity in the first week with over 160 units selling

To view in depth Calgary housing statistics and to browse homes listed for sale, please visit my website at:

FindCalgary

Questions? Ready to buy or sell real estate? I can be contacted at mike@findcalgary.com or 403-554-2284

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