Market Updates | Page #4

Market Updates

What a wild ride Calgary Real Estate has been for the past year. Now, more than ever, it is important for all buyers, sellers and investors to stay informed! Knowledge is your greatest asset, and Team Ken Richter is here to support you every step of the way.

The Calgary Real Estate Board has released its monthly market update, capturing the trends observed in September. The big highlight of their report is that as we come to the end of the final quarter, the Calgary real estate market has been leveling back to much more normal conditions. A seller’s market remains, but the type of home people are looking for has shifted. Interest in larger detached homes is easing as buyers seek more affordable options amidst rising interest rates and inflation.

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It was another busy month in Calgary Real Estate! The Calgary Real Estate Board has released it's monthly summary of what happened in the market, which is an excellent resource for buyers, sellers and investors. Read the highlights of the August 2022 Calgary Real Estate report below: 

  • "...there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types."
  • "... new listings continue to trend down, preventing any supply gains or a substantial shift in the months of supply."
  • "The months of supply in August remained at just above two months, not at tight as earlier in the year, but still below levels traditionally seen this time of year."
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The stats are in! Here are the highlights from the Calgary Real Estate Board's latest report:

  • "Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors." (CREB®)
  • "Listings for homes priced below $500,000 fell by 18 per cent, while levels rose by 20 per cent for homes priced above $500,000." (CREB®)
  • "With just over two months of supply, the market remains far tighter than anything experienced throughout the recessionary period experienced prior to the pandemic." (CREB®)
  • "As expected, the benchmark price did see some slippage relative to levels seen earlier in the year and rising lending rates have cooled much of the bidding war activity that was driving significant…

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The big headline for this market report from The Calgary Real Estate Board? The market is starting to shift as sales slow down. 

If you've been putting off listing your home to take advantage of the sellers market conditions, you need to act now. Contact Team Ken Richter today at 403-630-6363 or email Ken@KenRichter.com. 

Here are the highlights from the Calgary Real Estate Board's report, which you can read in full here: 

  • "Sales activity in June eased relative to the past several months and with 2,842 sales...the decline was driven by a pullback in detached and semi-detached home sales."
  • "This pullback in sales was not met with the same level of pullback in new listings. This caused inventories to trend up over previous months. These…

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We have been excited to bring you positive news from the real estate market for the last year. Calgary has been in such a hot market, it's been more important than ever for buyers, sellers, and investors to stay informed. One of the ways we help you stay knowledgeable is by presenting you with the highlights of the Calgary Real Estate Board's monthly summery.

Without further ado, here are some highlights from their May report, which you can read in full by clicking here:

  • "While activity in the market slowed down in May with 3,071 sales, levels are still slightly higher than last year’s record high and are far stronger than typical levels of activity recorded in May." (The Calgary Real Estate Board)
  • "While inventory remains well below…

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It has been such an exciting season of real estate with the market booming. With so much happening right now, it's important to stay updated and informed. This is a great market to jump into, but extra complex because of how fast-paced it is moving. If you're going to enter the market, you need to have all the facts and be as strategic as possible. This is where the Calgary Real Estate Board comes in. 

The Calgary Real Estate Board is a fantastic resource for learning market trends and projections. Each month they summarize what happened in the real estate market in the month previous, which we also highlight monthly here on our blog. These summaries are a great snapshot for everyone: buyers, sellers, and investors alike! 

You can read the…

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Here are the highlights of the Calgary Real Estate Board's report, which you can read in full by clicking here:

  • "For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs."
  • "Inventories have remained relatively low, ensuring the market continues to favour the seller."
  • The "unadjusted benchmark price [was] $518,600 this month."
  • "Prices have risen by nearly $55,000 since December and currently sit nearly 18 per cent higher than last year’s levels."
  • "Price gains and rising lending rates are expected to weigh on demand in the second half of this year."

Each month the Calgary Real Estate…

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It is always important to understand the housing market if you own property or are planning to own property. If you currently own property, knowing when the market is hot and when it cools off can help you make a decision on when to list your house or hold on. If you are wanting to own a property, understanding if we are in a buyers market versus a sellers market will inform your home buying strategy. If you don't fall into either of those two categories, remember that the housing market is reflective of our economy and health as a city, so it's still good to know at least a brief overview!

Each month the Calgary Real Estate Board releases their Calgary Real Estate Market Statistics Update. Here are some of the highlights from their report, which…

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The Calgary Real Estate Board has released their summary of what went on in the market last month. It's always interesting to see what happens in the first month of the year, because it sets the tone for the next eleven months. If January 2022 is any indication, it's going to be another incredible month for Calgary real estate!

The following are some of the highlights from their report, which you can read in full by clicking here.

  • "Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months."
  • "The unadjusted benchmark price in January reached $472,300, a monthly gain of nearly two…

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In today's blog we have two items of note we are excited to share!

The first comes from Ken Richter, who writes, "I would like to personally Thank my Team, Family and all of my Valued Clients for their continued support contributing to my success as a "2021" Year-End "TOP 4" Individual Real Estate Agent at RE/MAX Real Estate (Central), the #1 Selling RE/MAX Office Worldwide for 22 Years!" This is a major accomplishment and great news to kick off the 2022 New Year! 

Second, the Calgary Real Estate Board has released their 2022 Calgary Real Estate Market Forecast Report. This is a valuable report for buyers, sellers and investors to read and understand, as it gives insight into the market that will help you strategically make decisions for the…

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