September 2013 Calgary Real Estate Market Report

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

Record September Calgary Home Prices

Overall City of Calgary home prices rose to their highest September level ever.  The average price increased y/y from $419,657 to $454,352.  The median price was up  from $370,000 to $402,500.

A total of 1,923 homes sold which is the best September tally since 2005.

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

Single family home sales numbered 1,354 – the highest September total since 2005.  Average and median prices were far and away the highest they’ve been for the month.

  • Sales:  +20.25%  to 1,354 (1,126)
  • Average price: +9.25% to $512,359 ($468,964)
  • Median price: +9.02% to $450,000 ($412,750)
  • Active listings: -19.99% to 2,789 (3,486)
  • New listings: +4.66 to 1,975 (1,887)
  • Days on market:  -12.92% to 37 (42)
  • Inventory Absorption Rate:  2.1

Condominium – Apartments

The 324 sales was the best September total since 2009.  Average and median prices were still below September 2007’s level.

  • Sales: +17.39% to 324 (276)
  • Average price: +4.38% to $298,765 ($286,217)
  • Median price: +9.13% to $273,500 ($250,611)
  • Active Listings: -35.81% to 683 (1,064)
  • New listings: -7.46 to 459 (496)
  • Days on market:  -27.57% to 39 (54) 
  • Inventory Absorption Rate: 2.1

Condominiums – Townhomes

Like the Cond0-Apt segment, it was the best September sales total since 2009.   However, average prices were a record high for the month, surpassing the previous high of $335,363 in 2007.  The median was the second highest for a September month, behind 2007’s $320,000.

  • Sales:  +17.79% to 245 (208)
  • Average price: +2.95% to $339,534 ($329,797)
  • Median price: +6.9% to $310,000 ($290,000)
  • Active Listings: -17.88% to 450 (548)
  • New listings: +21.89% to 362 (297)
  • Days on market: -39.92% to 31 (51)
  • Inventory Absorption Rate:  1.8

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

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