November 2013 Calgary Real Estate Market Report

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

“Tight market conditions have resulted in higher-than-expected price gains in all sectors of the Calgary market,” said Ann-Marie Lurie, Chief Economist. “However, these increases need to be put into context.”

Citywide, only the price of single-family homes has fully recovered and started to push above unadjusted levels recorded in 2007. Meanwhile, condominium apartment and townhouse prices remain below peak, Lurie said.

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

  • Sales:  +18.99% to 1,197 (1,006)
  • Average price:  +5.76% to $516,447 ($488,307)
  • Median price:  +8.33% to $455,000 ($420,000)
  • Active listings:  -16.05% to 2,171 (2,586)
  • New listings: +6.57% to 1,233 (1,157)
  • Days on market:  -19.74% to 39  (49)
  • Inventory Absorption Rate:  1.8

Condominium – Apartments

  • Sales: +20.55% to 305 (253)
  • Average price: -1.10% to $307,078 ($310,496)
  • Median price:  +3.85% to $270,000 ($260,000)
  • Active Listings: -26.13% to 605 (819)
  • New listings: +23.43% to 353 (286)
  • Days on market:  -26.78% to 43 (58)
  • Inventory Absorption Rate:  2.0

Condominiums – Townhomes

  • Sales: +15.15% to 228 (198)
  • Average price: +12.07% to $353,445 ($315,381)
  • Median price: +7.15% to $310,150 ($289,450)
  • Active Listings:  -10.8% to 380 (426)
  • New listings: +25.40% to 237 (189)
  • Days on market: -24.29% to 38 (50)
  • Inventory Absorption Rate:   1.7

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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