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Real Estate

NEWSLETTER

 

Peter Kusch

Tel.: 403-990-7990

 

 May 2021


RECORD SALES IN APRIL

There were 3,209 sales in April, a new record high for the month. Many sellers listed their homes this month but demand was strong enough to absorb the additional supply, ensuring the market continues to favour the seller.

Detached

Detached homes hit a new record high for the month with 2,046 sales. The months of supply remained well below two months, which is contributing to a steady climb in prices. The benchmark price rose to $529,100, which is nearly 11% higher than last year and more than $30,000 higher than levels recorded at the start of 2021.

Semi-Detached

Year-to-date sales reached record highs in April with 888 sales. The months of supply remained below two months, which supported price growth across all districts. Year-over-year price gains were above 12%, which was enough to support new monthly record-high prices.

Row

After the first four months of the year, row sales totaled 1,217 units. This is the best start to the year since 2007. The months of supply remain just above two months, which is significantly lower than the longer-term average of four months. As of April, row benchmark prices climbed to $293,400.

Apartment

Further improvements in April resulted in 1,280 year-to-date sales, which is the strongest sales seem over the past six years. The months of supply were just over four months. This is fairly consistent with longer-term trends. The April benchmark price was $251,900, which is more than 3% higher than last year
 
 

 

 The average number of days on the market (Calgary Metro)

 

 

Average days on the market in 

April 2021

Average days on the market in 

April 2020

 

Detached  

 

25

49

 

Apartment

 

57

64

 

Row

 

45 67

 

Semi-detached

 

 

36

 

 

59

 

 

Median price (Calgary Metro)

 

 

Median price in  

April 2021

Median price in

April 2020

Percentage change

 

Detached

 

  $523,000

$450,000

16.22%

 

Apartment

 

$234,000

$228,000

2.63%

 

Row

 

$305,000

$284,000

7.39%

 

Semi-detached

 

 

$450,000

 

 

$354,950

 

 

26.78%

 

The median price is where half sell for more and half for less.

 

Months of supply (Calgary Metro)

 

January 2018 4.83
February 2018 4.73
March 2018 4.64
April 2018 4.82
May 2018 4.91
June 2018 4.65
July 2018 5.46
August 2018 5.47
September 2018 6.28
October 2018 5.56
November 2018 5.55
December 2018 6.18
January 2019 6.81
February 2019 6.03
March 2019 4.96
April 2019 4.57
May 2019 3.89
June 2019 4.24
July 2019 4.36
August 2019 4.45
September 2019 5.02
October 2019 4.49
November 2019 5.05
December 2019 5.30
January 2020 5.87
February 2020 4.59
March 2020 4.91
April 2020 9.71
May 2020 5.38
June 2020 3.66
July 2020 3.62
August 2020 4.11
September 2020 3.66
October 2020 3.31
November 2020 3.50
December 2020 3.06
January 2021 3.35
February 2021 2.46
March 2021 1.87
April 2021 1.89

 

 

 Source: Calgary Real Estate Board

Calgary Metro-within Calgary City Limits