July 2013 Calgary Real Estate Market Report

Download CREB’s July 2013 Housing Report: (click here

Record July Calgary Home Prices

Overall sales fell just shy of setting a new July record with a total of 2,268 homes selling.   That’s just behind 2009’s July total of 2,273 and 2005’s total of 2,269.

The average price of $460,127 and median price of $399,650 were the highest ever for the month of July and represented a 8.03% and 5.17% increase year-over-year.

Single Family Homes
Year-over-Year Comparison, July 2012 in brackets

Single family home sales amounted to 1,575 which was a new record high for the month of July.

Average & median prices were also July highs as well.

  • Sales increased 13.97% to 1,575 (1,382)
  • Average price was up 9.68% to $524,900($478,557)
  • Median price increased 6.81% to $448,000 ($419,450)
  • Active listings were down  -19.99% to 2,917 (3,646)
  • New listings increased 4.20% to 1,958 (1,879)
  • Days on market:  37 (40)
  • Inventory Absorption Rate: 1.9

Condominium – Apartments

  • Sales increased 27.97% to 398 (311)
  • Average price increased 5.53% to $302,058 ($286,231)
  • Median price increased 5.86% to $262,000 ($247,500)
  • Active Listings were down  -33.85% to 768 (1,161)
  • New listings were down -0.21% to 466 (467)
  • Days on market: 49 (55)
  • Inventory Absorption Rate:  1.9

Condominiums – Townhomes

  • Sales were up 23.43% to 295 (239)
  • Average price was up 7.97% to $327,570 ($303,380)
  • Median price increased 4.39% to $297,500 ($285,000)
  • Active Listings were down -34.67% to 407 (623)
  • New listings were down -0.66% to 302 (304)
  • Days on market:  38 (45)
  • Inventory Absorption Rate:  1.4

For more statistics and to browse homes for sale, please visit my website at:

FindCalgary

Questions? Ready to buy or sell real estate? Contact me at mike@findcalgary.com or 403-554-2284

2 responses to “July 2013 Calgary Real Estate Market Report

  1. Ann-Marie Lurie, chief economist for the Calgary Real Estate Board, said there is no good way to measure the effect of flooding on real estate sales.

    “But yes, there have been people who have been displaced, and renters who have been pushed into ownership a lot sooner,” she said.

    Still, Lurie said most of the increased sales volume likely had little to do with the flood at all, and more to do with market conditions.

    Read the entire article in today’s Calgary Herald

  2. Pingback: Warnings Sound Of Rising Calgary House Prices | Calgary Real Estate Review

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