February 1-14, 2014 Calgary Real Estate Market Update

Steady buyer demand coupled with low inventory continues to stoke prices higher in the Calgary real estate market.

Month-to-date, the average price of a single family home is $48,958 more than a year ago.   The median is up $35,300.    Looking at SFH stats, you can’t help but notice that everything is primed for price gains:  sales are up while new listings and active inventory is down, and the Sales-to-New-Listings Ratio is at 68.52%.

Single family home statistics

Single family home statistics

An interesting development to keep an eye on are new listings for Condo-Apartments which have surged 31.91% y/y so far this month and narrowed the y/y inventory difference to just -3.91%.    However, the increased selection has presumably helped spur sales as well, now 29% above the same period last year.   Average and median prices are up 17.95% and 13.07% respectively year-over-year.

Condo-Apartment statistics

Condo-Apartment statistics

Townhome sales and new listings are fairly even year-over-year.   Inventory is -21% below year ago levels.    The average price is up 6% and the median is up twice that amount.

Condo-Townhome statistics

Condo-Townhome statistics

Calgary statistics summary

Calgary statistics summary

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