Market Updates | Page #4

Market Updates

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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Happy New Year! We are excited to kick off another incredible year in Calgary Real Estate, as well as celebrate a remarkable 2021 for the market. The Calgary Real Estate board has released their analysis of what went on in the market in December, and later this month we will report on their 2021 year in review. In the meantime, here are the highlights from December 2021:

  • "There were 2,110 sales in November, just shy of the record for the month set in 2005." (Calgary Real Estate Board)
  • "New listings in November totaled 1,989 units." (Calgary Real Estate Board)
  • "With a sales-to-new-listings ratio of over 100 per cent, inventory levels dropped to 3,922 units and the months of supply dipped below two months." (Calgary Real Estate Board)
  • …

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The Calgary Real Estate Board has released their summary of what happened in the market last month, November 2021. It was a busy one, staying on trend with a year of frantic market activity that has surprised and delighted everyone. Calgary has seen a real estate boom that has allowed sellers to finally sell their properties, and buyers to settle into new homes. While this boom is slowing down, as is typical this time of the year as people are busy with the holidays, Calgary's future remains bright.

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

  • "New listings in November totaled 1,989 units."
  • "Inventory levels dropped to 3,922 units and the months of supply dipped below two months."
  • "It is not unusual to see new…

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It is a very good time to be selling a home; at least that's what the experts at the Calgary Real Estate Board are saying!

Their latest report details an excellent summary of what happened in the real estate market this past month. As we head into November and you may be considering buying, selling or investing, make sure you are informed on where the market is at.

Here are some of the highlights from the Calgary Real Estate Board's monthly real estate market statistics report, which you can read in full by clicking here: 

  • "There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages."
  • "Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than…

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September was another great month for Calgary real estate!

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

  • "Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month." - Calgary Real Estate Board
  • "Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply." - Calgary Real Estate Board
  • "As of September, the total residential benchmark price in Calgary was $457,900,…

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And just like that, September arrived!

August was another busy month for Calgary real estate, though we did see things slow down as the spring and summer rush faded out. The market remains strong for buyers, sellers and investors moving forward. Here are some of the highlights from the Calgary Real Estate Board's monthly report:

  • "Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends."
  • "On a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years."
  • "The months of supply in August was nearly three months... Some improvements in supply compared to sales have been slowing price growth."
  • "As of…

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It has been a busy season for Calgary Real Estate! After the hit the market took in 2020 following the outbreak of COVID-19, experts were weary of how the economy and real estate sector would recover. However, expectations have been completely blown out of the water this past spring and into the summer. While the rush is cooling off, numbers are still strong!

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

  • “July sales totaled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in…

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