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Real Estate

NEWSLETTER

 

Peter Kusch

Tel.:990-7990

 

 January 2019


 

 

CALGARY REAL ESTATE NUMBERS

  • MLS sales of 794 were down 21.31 per cent from December 2017;
  • Dollar volume of sales fell by 22.40 per cent year-over-year to $354.9 million;
  • New listings were down 14.25 per cent to 1,047;
  • Inventory of homes for sale at the end of the month rose by 13.47 per cent to 4,904;
  • Months of supply that it would take to sell all homes listed for sale given the current demand was up a whopping 44.19 per cent to 6.18 months;
  • The benchmark price – which is described as a typical home in the market – dropped by 3.42 per cent to $418,500;
  • The median price was down 2.44 per cent to $400,000; and
  • The average sale price decreased by 1.38 per cent to $446,963.

 

 Average days on the market (Calgary Metro)

 

 

Average days on the market in 

December 2018

Average days on the market in  

December 2017

 

Detached  

 

66

52

 

Attached

 

74

59

 

Apartments

 

74 81

 

 Attached category includes condominium townhouses and duplexes.

  

Median price (Calgary Metro)

 

 

Median price in  

December 2018

Median price in  

December 2017

Percentage change

 

Detached

 

  $450,000

$462,000

-2.6%

 

Attached

 

$327,450

$329,900

-0.7%

 

Apartments

 

$240,000

$250,000

-4.0%

 

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

 

Months of supply (Calgary Metro)

 

January 2014 1.57
February 2014 1.47
March 2014 1.26
April 2014 1.55
May 2014 1.57
June 2014 1.82
July 2014 2.05
August 2014 2.07
September 2014 2.13
October 2014 1.97
November 2014 2.16
December 2014 2.99
January 2015 5.31
February 2015 4.57
March 2015 3.19
April 2015 2.85
May 2015 2.44
June 2015 2.32
July 2015 2.53
August 2015 3.16
September 2015 3.85
October 2015 3.93
November 2015 4.21
December 2015 4.94
January 2016 6.57
February 2016 5.04
March 2016 3.83
April 2016 3.54
May 2016 3.20
June 2016 2.95
July 2016 3.26
August 2016 3.61
September 2016 3.97
October 2016 3.30
November 2016 4.06
December 2016 4.04
January 2017 4.36
February 2017 3.35
March 2017 2.71
April 2017 2.90
May 2017 2.95
June 2017 3.12
July 2017 4.12
August 2017 4.15
September 2017 4.71
October 2017 4.41
November 2017 4.03
December 2017 4.29
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

 

 

 Source: Calgary Real Estate Board

Calgary Metro-within Calgary City Limits