lgy gol houg mkt t ttlgy’houg mkt t to outp2010 Sever al Calgary Communities Get a Boost in Sales and Price Calgary, November 1, 2011 – According to fgures released today by CREB® (Calgary Real Estate Board), Calgary residential sales totaled 16,184 ater the frst 10 months othe year , an increase oeight per cent over last year. Over 61 per cent oCalgary’s established communities saw increased sales levels compared to last year. Garrison Woods, Collingwood and Mahogany saw the largest sales increase at 170 per cent combined; nearly haloall Calgary communities recorded price increases, with Shaganappi, Chinook Park and Downtown leading the way with a combined average price increase o55 per cent. “A boost in ull time jobs throughout the year is gradually translatinginto improved sales in the real estate sector,” says Sano Stante, president oCREB®. “Consumers are taking advantage oprice stability and a healthy variety oselection. While these gains are moderate, we are set to outpace 2010 sales.” Single amily home sales totaled 988 or the month oOctober 2011, an 11 per cent increase over October 2010, but continue to remain well below historical levels. Year-to-date sales totaled 11,503, a 10 per cent increase over last year. October listings have edged upwards over last year’s levels, increasingby nearly two per cent, but year-to-date there are six per cent less listings than levels recorded last year. “Consumers are eeling more confdent about the local real estate market,” adds Stante. The average price osingle amily homes or the month oOctober 2011 was $455,399, while the median price was $395,000, an increase otwo per cent compared to last year. This is primarily due to the rise in the number oluxury homes sales. Despite the monthly price increase, howev er, year- to-date fgures remained stable at levels comparable to the previous year. Condominium sales or the frst 10 months othe year totaled 4,681, a three per cent rise over the same period last year. Inventory levels remained at 1,935 units, resulting in months osupply pushing above fve months. “The condominium market has signifcantly tightened compared to last year, however, moving into winter, we expect to see a rise in months osupply,” Stante says. Condominium year-to-date average and median prices in 2011 were $288,736 and $262,500, respectively, a slight decline over the frst 10 months o2010. The decline is mostly due to increased sales in units priced under $200,000. “Overall, the resale housing market continues to show signs oimprovement and, with no near term change in interest rates, we can expect the market will continue to see moderate and stable growth throughout the rest othe year,” Stante concludes. otob2011 About CREB® CREB® is a proessional body omore than 5,100 licensed brokers and registered associates, representing 241 member oces. CREB® is dedicated to enhancing the value, integrity and expertise oits REALTOR® members. Our REALTORS® are committed to a high standard oproessional conduct, ongoing education, and a strict Code oEthics and standards obusiness practice. For Calgary Metro, CREB® statistics include only Zone A, B, C and D or properties located in Calgary. Furthermore, all historical data has been adjusted to the most current inormation. Any use or reerence to CREB® data and statistics must acknowledge CREB® as the source. The board does not generate statistics or analysis oany individual member or company’s market share. Average price inormation can be useul in establishing trends over time, but does not indicate actual prices in centres comprised owidely divergent neighbourhoods, or account or price dierentials between geographical areas. All MLS® active listings or Calgary and area may be ound on the board’s website at www.creb.com. Top 10 Established Communities price ncreases %ane aanai-025 inpar-117 Dwnwn-001 a-103 carr-011 lwer mna-010 ndrews heis-413 laeview Viae-033 Windsr par-107 sedae-406 139.58% 34.02% 33.63% 32.61% 31.63% 28.00% 23.22% 21.31% 21.14% 21.06% ae ncreases %ane inwd-418 maan-375 mafair-111 xr-100 Visa heis-605 hansn anc-517 ae hi-526 awnee es_verreen s-151 rhaven-500 phi-131 220.00% 150.00% 100.00% 100.00% 88.89% 85.00% 84.00% 79.59% 78.57% 77.78%
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Calgary Real Estate October 2011 Monthly Housing Statistics
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8/3/2019 Calgary Real Estate October 2011 Monthly Housing Statistics
Several Calgary Communities Get a Boost in Sales and Price
Calgary, November 1, 2011 – According to fgures released today by CREB®
(Calgary Real Estate Board), Calgary residential sales totaled 16,184 ater
the frst 10 months o the year, an increase o eight per cent over last year.
Over 61 per cent o Calgary’s established communities saw increased saleslevels compared to last year. Garrison Woods, Collingwood and Mahogany
saw the largest sales increase at 170 per cent combined; nearly hal o all
Calgary communities recorded price increases, with Shaganappi, Chinook
Park and Downtown leading the way with a combined average price
increase o 55 per cent.
“A boost in ull time jobs throughout the year is gradually translating
into improved sales in the real estate sector,” says Sano Stante, presidento CREB®. “Consumers are taking advantage o price stability and a
healthy variety o selection. While these gains are moderate, we are setto outpace 2010 sales.”
Single amily home sales totaled 988 or the month o October 2011,
an 11 per cent increase over October 2010, but continue to remain well below historical levels. Year-to-date sales totaled 11,503, a 10 per centincrease over last year.
October listings have edged upwards over last year’s levels, increasing
by nearly two per cent, but year-to-date there are six per cent lesslistings than levels recorded last year.
“Consumers are eeling more confdent about the local real estate
market,” adds Stante.
The average price o single amily homes or the month o October 2011was $455,399, while the median price was $395,000, an increase o two
per cent compared to last year. This is primarily due to the rise in the
number o luxury homes sales. Despite the monthly price increase,however, year-to-date fgures remained stable at levels comparable tothe previous year.
Condominium sales or the frst 10 months o the year totaled 4,681,a three per cent rise over the same period last year. Inventory levels
remained at 1 935 units resulting in months o supply pushing above
“Overall, the resale housing market continues to
show signs o improvement and, with no near termchange in interest rates, we can expect the market
will continue to see moderate and stable growththroughout the rest o the year,” Stante concludes.
otob 2011
About CREB®
CREB® is a proessional body o more than 5,100 licensed brokers
and registered associates, representing 241 member oces. CREB®
is dedicated to enhancing the value, integrity and expertise o its
REALTOR® members. Our REALTORS® are committed to a high
standard o proessional conduct, ongoing education, and a strict Code
o Ethics and standards o business practice.
Top 10 Established Communities
price ncreases %ane
aanai-025
in par-117
Dwnwn-001
a-103
carr-011
lwer mn a-010
ndrews heis-413
laeview Viae-033
Windsr par-107
sedae-406
139.58%
34.02%
33.63%
32.61%
31.63%
28.00%
23.22%
21.31%
21.14%
21.06%
ae ncreases %ane
inwd-418
maan-375mafair-111
xr-100
Visa heis-605
hansn anc-517
ae hi-526
awnee es_verreen s-151
r haven-500
p hi-131
220.00%
150.00%100.00%
100.00%
88.89%
85.00%
84.00%
79.59%
78.57%
77.78%
8/3/2019 Calgary Real Estate October 2011 Monthly Housing Statistics
CITYCITYCITYCITY OF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATEOF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATEOF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATEOF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATE
CITYCITYCITYCITY OF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATEOF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATEOF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATEOF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATE
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
<$300,000 $300,000 -$349,999
$350,000 -$449,999
$450,000 -$549,999
$550,000 -$699,999
$700,000 +
Oct-08 Oct-09 Oct-10 Oct-11 Source: CREB®
60%
10%
20%
30%
40%
50%
60%
8/3/2019 Calgary Real Estate October 2011 Monthly Housing Statistics
CITYCITYCITYCITY OF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICEOF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICEOF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICEOF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICE ---- YEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGE
CITYCITYCITYCITY OF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICEOF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICEOF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICEOF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICE ---- YEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGE
-20%
-10%
0%
10%
20%
30%
40%
50%
Single Family Average Price change Single Family Median Price Change Source: CREB®
30%
40%
50%
60%
-30%
-20%
-10%
0%
10%
20%
30%
Condominium Average Price change Condominium Median Price Change Source: CREB®Source: CREB®
8/3/2019 Calgary Real Estate October 2011 Monthly Housing Statistics
30,000CITYCITYCITYCITY OF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATEOF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATEOF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATEOF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATE