December 1-7, 2012 Calgary Real Estate Update

There were 207 single family homes sold in the first week of December, an increase of 4.02% over the 199 during the same period last year.

That’s the best December start since 2007 but hardly the “frenzy” that was forecast to begin back in October.  December 2005 still boasts the strongest opening week with 318 sales, so we are off -35% from that peak and all the craziness that resulted the following year and a half.

December sales (click to enlarge image)

December sales (click to enlarge image)

The strength of the luxury segment is making a mockery of the average price stat which is  up over $60,000 to $525,354.  A total of 15 SFHs have sold for a million or more already, compared to a month-end total of 16 last December.

New listings continue to be in short-supply compared to last year, currently down -8.33% MTD.

To view in depth Calgary housing information including condo statistics broken out into Apartments and Townhomes, 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

2 responses to “December 1-7, 2012 Calgary Real Estate Update

  1. If there is a frenzy it appears to be, anecdotally at least, in inner city land value. These are up tremendously YOY, particularly Altadore where r2 lots appear to have increased over the course of 2012 by $100k, with Killarney following a similar trend.

  2. I have been watching the real estate trend of Calgary and Edmonton and can say that this year Calgary has performed as per the predictions by the experts whereas Edmonton real estate did not show much response from buyers. Forecast says Calgary is going to perform reasonably well in the year ahead especially in the later half of the year. I hope these predictions brings some fruitful returns for the realtors and customers.

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