Calgary Real Estate Market Report Dec 2014
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CALGARYREAL ESTATEMARKET REPORTDecember 2014
Realty Professionals
Cell: 403 831 0842Email: jerry@jerrycharlton.com
Web: www.jerrycharlton.com
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Market Status (13 months history)No. of months of inventory
Nov.2013
Dec.2013
Jan.2014
Feb.2014
BUYE
R’S
MAR
KET
NEUT
RAL
MAR
KET
SELL
ER’S
MAR
KET 1.83 1.91 1.76 1.56
Mar.2014
1.30
Apr.2014
1.49
May2014
1.53
Jun.2014
1.77
Jul.2014
2.00
Aug.2014
2.03 2.14 2.06
Set.2014
Oct.2014
2.16
Nov.2014
Average Prices
Compared to LAST MONTH,homes areselling for
Month to Month Year to Year
Oct2014
$488,474
Nov2014
$485,962
Nov2013
$458,157
Nov2014
City of Calgary average SOLD price
Compared to LAST YEAR,homes areselling for
more+6.1%Calgary
less–0.5%
$485,962
Month to Month Year to Year
Oct2014
$555,251
Nov2014
$560,117 $515,491
Nov2013
Nov2014
$560,117
Single family homes average SOLD price
Compared to LAST MONTH,single family homes areselling for
Compared to LAST YEAR,single family homes areselling for
more+8.7%
Single Familymore
+0.9%
Month to Month Year to Year
Oct2014
$322,358
Nov2014
$322,486 $322,486
Nov2013
$307.308
Nov2014
Apartment condo average SOLD price
Compared to LAST MONTH,apartment condos areselling for
more
Compared to LAST YEAR,apartment condos areselling for
more+4.9%+0.04
lessCondos
$358,625
Month to Month Year to Year
Oct2014
$376,227
Nov2014
$361,013 $361,013
Nov2013
Nov2014
Townhouse average SOLD price
Compared to LAST MONTH,townhouses areselling for
Compared to LAST YEAR,townhouses areselling for
moreTownhouses+0.7%
less-4.0%
Prices in $ and Price movement in percentage
14 years average of price increase for city of Calgary is 8.87 %
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
200
100
300
400
500
2014
YTD
Years - Residential Average Price
+12.79%
+39.79%
+18.26% –2.47%
–4.65%
+4.01% +1.10% +3.44%+6.54%
+5.81%
+10.58%
227,2
69
256,3
27
358,3
26 423,7
70
413,2
93
409,8
85
394,0
64 414,3
87
428,6
49
456,7
03
2001 2002 2003
+3.05% +9.65%+9.93%
170,5
05
186,9
60
205,5
22
483,3
91
2.0911,824
Month to Month Year to Year
Oct2014
Nov2014
2.0912,918
Oct2013
Nov2014
NEW listings
Compared to LAST MONTH,there are
lessnew listings
–28.3%
Compared to LAST YEAR,there are
morenew listings
+14.6
Inventory
0
4,000
3,000
2,000
1,000
5,000
Nov.2013
Dec.2013
Jan.2014
Active listings Sold listings
1,724
3,156
1,171
2,236
1,438
2,524
Feb.2014
1,850
2,892
Listing inventory & SOLD (13 months history)
Mar.2014
2,482
3,233
Apr.2014
2,540
3,794
May2014
2,944
4,504
Jun.2014
2,665
4,726
Jul.2014
2,329
4,659
Aug.2014
2,263
4,596
Set.2014
2,146
4,589
Oct.2014
2,147
4,428
Nov.2014
1,782
3,849
Transactions Data
Month to Month Year to Year
Oct2014
15.14%
325 SOLDout of
2,147 allSOLD
Nov2014
Nov2013
14.73%
254 SOLDout of
1,724 allSOLD
Nov2014
15.15%
270 SOLDout of
1,782 allSOLD
15.15%
270 SOLDout of
1,782 allSOLD
Homes sold at or above asking price
Compared to LAST MONTH,there are
more homesselling ator aboveasking price
Compared to LAST YEAR,there are
+0.09%less homesselling ator aboveasking price
+2.99%
Month to Month Year to Year
Oct2014
Nov2014
Nov2013
Nov2014
Sellers keptfrom asking
97.89% 97.94%
Sellers keptfrom asking
97.60% 97.94%
Buyers negotiated2.11% 2.06%
Buyers negotiated2.40% 2.06%
How much buyers negotiated off asking price
Month to Month Year to Year
Oct2014
$7,304
Nov2014
Nov2013
Nov2014
$8,494$4,940
Average $ amount SOLD over askingSingle Family
Compared to LAST MONTH,homes sold over listreceived
Compared to LAST YEAR,homes sold over listreceived
Over asking
$more
+71.9%more
+16.3%
$8,494
Month to Month Year to Year
Oct2014
48.49%
2,147 SOLDout of
4,428 listed
Nov2014
Nov2013
54.63%
1,782 SOLDout of
3,849 listed
1,724 SOLDout of
3,156 listed
Nov2014
46.30%
1,782 SOLDout of
3,849 listed
Odds of selling(Percentage of Homes Sold VS Listings)
Compared to LAST MONTH,the odds of selling decreasedby
–4.51%
Compared to LAST YEAR,the odds of selling decreasedby
–14.70%
46.30%
Over asking
Month to Month Year to Year
Oct2014
$3,667
Nov2014
Nov2013
Nov2014
$1,704 $1,7043.099
Average $ amount SOLD over askingCondos
Compared to LAST MONTH,condos sold over listreceived
-53.5%
Compared to LAST YEAR,homes sold over listreceived
–45.0%
$less more
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