Market Updates | Page #2

Market Updates

Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for July 2024, which you can read in full by clicking here:

  • "With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory" (The Calgary Real Estate Board).
  • "The gain in inventory combined with slower sales caused the months of supply to rise to 1.8 months, still…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The Calgary Real Estate Board's market report for June 2024, which you can read in full by clicking here:

  • "Sales in June reached 2,738, marking a 13 percent decline from last year’s record high" (Calgary Real Estate Board).
  • "New listings also eased relative to sales, causing the sales-to-new-listings ratio to remain elevated at 72 per cent. However, with 3,789 units available,…

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Here are the highlights from The Calgary Real Estate Board's market report for February 2024, which you can read in full by clicking here:

  • "March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends" (Calgary Real Estate Board).
  • "While new listings did pick up over last month, the 3,172 units were still below what we typically see in March" (Calgary Real Estate Board).
  • "Months of supply fell below one month" (Calgary Real Estate Board).
  • "Inventory levels have declined across properties priced below $1,000,000, with the steepest declines occurring for homes priced below $500,000." (Calgary Real Estate Board).
  • "The unadjusted total residential benchmark price rose to $597,600" (Calgary Real…

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Here are the highlights from The Calgary Real Estate Board's market report for February 2024, which you can read in full by clicking here:

  • "New listings continued to rise in February, reaching 2,711 units" (The Calgary Real Estate Board).
  • "[Sales] increased by nearly 23 per cent compared to last year for a total of 2,135 units" (The Calgary Real Estate Board).
  • "Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year" (The Calgary Real Estate Board).
  • " The unadjusted detached benchmark price was $585,000" (The Calgary Real Estate Board).
  • "[The] East district is experiencing the highest year-over-year price growth at 25 per cent, while the...…

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Thank you to all my valued clients! Looking ahead to 2024, we express our sincere gratitude for the trust you have placed in us. Your loyalty and continued support are an integral part of my continued success as a 2023 Year-End "Top 6" Individual Real Estate Agent at RE/MAX Real Estate (Central), the #1 Selling RE/MAX Office Worldwide for 25 Years! As always, your referrals of family and friends are truly appreciated! KEN RICHTER Awarded "Top 6" 2023 Top Producing Individual Agent RE/MAX Real Estate (Central) #1 RE/MAX Office Worldwide for 25 years! Your Calgary, Bowness & Montgomery REALTOR® Ken Richter

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Every year the Calgary Real Estate Board (CREB®) announces their forecast for the Calgary real estate market. This is such informative, valuable information for you to have as a buyer, seller, investor, or window-shopper. Real Estate is a major financial investment, so you want to ensure you go into any kind of transaction with eyes wide open. Here are some of the highlights from their report, which you can read in full by clicking here:

  • "Rising lending rates have had a notable impact on the housing sector, prompting potential buyers to search for more affordable housing options"
  • "Supply remains an issue this year, but gains in new home starts and new listings are expected to support some modest gains"
  • "Supply growth is anticipated to be…

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Each month the Calgary Real Estate Board releases a market update. This provides valuable information to give you a peek into where the market is at so you can set your expectations and make strategic decisions! 

Here are some of the highlights from their report, which you can read in full by clicking here:

Benchmark Price: $570,100 (average)

Sales: 1,366

New Listings: 1,248

Inventory: 2,164

Months of Supply: 1.58 (average)

Days on Market: 33 (average)

Calgary Real Estate Board chief economist Ann-Marie Lurie says, "Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market. At the same time, supply…

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The stats are in! Here are some of the highlights from the Calgary Real Estate Board's latest report:

  • "... with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October" (Calgary Real Estate Board)
  • " Sales activity has been boosted mainly through gains in apartment condominium sales" (Calgary Real Estate Board)
  • "New listings also improved this month compared to last year, reaching 2,684 units" (Calgary Real Estate Board)
  • "... months of supply [is at] one and a half months" (Calgary Real Estate Board)
  • "The unadjusted benchmark price in October reached $571,600, a gain over last month and nearly 10 per cent higher than last October" (Calgary Real Estate Board)

CREB® Chief…

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Here are some highlights from the Calgary Real Estate Board's latest report:

  • "Sales reached another record high in September with 2,441 sales" (The Calgary Real Estate Board).
  • "Year-to-date sales are... nearly 12 per cent lower than last year's levels" (The Calgary Real Estate Board).
  • "The sales-to-new listings ratio [fell] to 76 per cent, preventing further monthly declines in inventory levels" (The Calgary Real Estate Board).
  • "The months of supply has remained relatively low at less than two months" (The Calgary Real Estate Board).
  • "The unadjusted residential benchmark price was $570,300, similar to last month and nearly nine per cent higher than last year" (The Calgary Real Estate Board).

You can read their full report by…

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The Calgary Real Estate Board has released its update on the market! Here are some of the highlights from their report:

  • "Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales" (The Calgary Real Estate Board ).
  • "The sales-to-new-listings ratio remained elevated at 87 per cent, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units" (The Calgary Real Estate Board ).
  • "The unadjusted benchmark price reached $570,700 in August, representing the eighth consecutive monthly gain. Prices have trended up across all property types, with row-style properties reporting the largest increase" (The Calgary Real Estate Board ).

Calgary Real Estate…

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