The Calgary Real Estate market status is currently considered to be a balanced market:
When we look at the last 13 months of inventory levels we can clearly see the steep drop in inventory (listed homes for sale) from January 2017 to February 2017
The info-graphic below shows the average sold price in the Calgary Real Estate market:
Here is the average sold price broken down to detached homes in Calgary:
Here is the average sold price broken down to attached homes:
And finally, here is the breakdown of average sold prices for condo’s in Calgary:
Below you’ll see the average sale price in Calgary over the last 15 years. It is still quite early in 2017 but as you can see the average sale price has dropped from last year, 2016
New inventory for listings is up month over month which is quite normal heading into a spring market. You’ll also note a large drop year over year which is a sign of relief to anyone thinking of listing their home going into spring.
Looking at the inventory levels vs. the number of sales we can see the inventory climbing along with sales month over month striking a healthy balance in the market for March 2017
Looking at the transaction data we find that more homes are selling at or above list price this year when compared to last.
Buyers are currently negotiating an average of 2.88% off the listing price in Calgary, this is down from 3.21% this time last year.
The odds of selling in Calgary have gotten much better than they were this time last year:
The average days on market to sell a home in Calgary is down slightly from last month at 48 days but up from this time last year.
In the chart below we can see where all the sales have been in the real estate market in Calgary year to date. What price range is your home?