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Jul 3
Here's the Calgary Herald's take on the June numbers Calgary home sales continue decline, prices hold steady

Jul 2
Eastern U.S. congressmen toured the oilsands and declared it vital to their country's future energy policies. Read more in the Herald Governors hoping for oilsands "harmony."

Jul 1
Some big changes happened to the market in June. For an update on the June month-end statistics, please see My Blog

Jul 1
Single family home inventory dropped in June for the first time in six months. Did we reach an all time peak in May? What do you think will happen now? Take My Online Poll

Jul 1
Happy Canada Day everyone! I hope you have a fantastic day with your family and friends. Count your blessings for living in this great country of ours.

Jun 30
SFH sales have reached 1395. It will be remarkable if June sales end up being higher than the traditionally busier months of March, April, and May. So far this year, March holds top spot with 1418 sales.

Jun 30
The average list price of pending sales is $462,597. That bodes well for lower prices in July. The June average sales price is at $473,588.

Jun 30
It's important to understand how Canada's market is in no way similar to that of the U.S. That's because price gains slowed for very different reasons, says an economist at BMO Capital Markets. Read more Real estate meltdown? Not likely

Jun 29
SFH sales in June at 1377 have surpassed the May total of 1368.

Jun 29
13% of the homes listed in June already have a sale or a conditional sale.

Jun 29
The average price of a 2-storey home has declined in June to $487,384 from May when it was at $493,217. The average size also declined from 1816 in May to 1760 in June.

Jun 25
Single family inventory has fallen to 6969. That's 130 less than on May 31.

Jun 25
The sales to new listings ratio(S/NL) has risen this month to its highest level all year at 48%. It was 40% in May. For the past two years, the S/NL has declined from May to June.

Jun 25
Single family sales are up 9% compared to last month and are at their highest level for any 30-day period in 2008. Sales are down 19% compared to June 2007. To May 31, sales were down 34% for the year.

Jun 25
Although the average and median prices are down compared to May, a similar-size house cost more in June than it did in May. How is that possible? The sales price per sq ft has gone up from $309 in May to $312 in June.

Jun 25
In the past week, we've averaged 130 price reductions per day. Two months ago, the average was 166/day.

Jun 21
Despite the big sale yesterday, small houses are all the rage right now. The average price and median price are down this month, but the sales price per sq ft is up. The average size of a sold house is 41 sq ft less this month. At $311/SF, that accounts for a lot of the price decline.

Jun 21
The average price of pending sales is at $496,702. There are a number of homes with long-into-the future condition days, so I wouldn't base any predictions on this.  

Jun 21
There were 106 new listings yesterday, yet the inventory is still lower than it was at the end of May.

Jun 20
Today we set a new record for the highest  price ever paid on MLS for a house in Calgary. A home in Crescent Heights changed hands for $7.5 million. It was listed at $8 million and sold in 36 days. The previous record, set just last month, was $4,812,500.

Jun 20
I'd like to say thanks to everyone for continuing to make this the #1 Calgary realtor website on the Point2 system Website Statistics. In fact, yesterday there were 115 visitors who have logged in 100 or more times. My Blog is also doing very well. There are a number of other hard-working Calgary realtors who maintain informative blogs, but DailyStats.ca seems to be the one that gets all the comments. When sellers are listing their property, it's a great advantage to have a powerful website to display your home.

Jun 18
10% of the homes listed this month already have a sale or a conditional sale.

Jun 17
The Weekly Stats Update shows the SFH Sales/new Listings ratio is 62% for the past week. During the same week last year, it was 54%.

Jun 17
The SFH average and median prices have dropped this month, but the sales price per sq ft has risen. People are now buying smaller homes. The average size in May was 1579 sq ft. In June it is 1536 sq ft.

Jun 16
Here's a breakdown of the Sales Price per Square Foot for two-storey homes over the past months:
June         $273
May          $268
April         $276
March       $277
Feb           $276
Jan            $272
Dec           $264

Jun 16
We're averaging 137 price reductions per day over the past week. Price reductions are 29 per day less than they were in April. Considering the inventory is higher today, there is a trend of fewer price reductions, which means that homes are being priced more realistically for the market conditions.

Jun 15
There are 378 pending sfh sales with an average list price of $498,115. That excludes listings for over $2 million which have far-into-the-future condition days. At 97% of list price, the average price of these sales would be $483,172.

Jun 13
Somewhere I recently heard that starter homes were not selling. Let's look at the actual numbers. This year, 22% of SFH sales were for $350,00 or less. For the same period in 2007, it was also 22%. The decline in sales, from 2308 to 1538, is 33%, the same as the overall decline.

Jun 13
The selection of starter homes is getting better. There are 1025 single family home listings priced at $350,000 or less. In April there were 767. In March there were 525.

Jun 13
The builder of a northwest condo complex whose "systematic failure" in construction led to a $10-million repair bill likely won't face any lawsuits related to the building, but real estate agents who sold units in the northwest complex could be sued as condo owners make their first payments towards their share of the massive repair bill. Read the full story Agents may face lawsuits over masive condo repair.

Jun 12
SFH sales usually decline from May to June, however, this year sales for the first 11 days of June are higher than they were in May.

Jun 11
We're averaging 142 price reductions per day over the past week. SFH sales are down 23% compared to June 2007. SFH inventory has not increased so far this month. The 30-day median price is down $7,000, but the average price and the sales price per sq ft has stayed the same as May's.

Jun 10
Total housing starts in the Calgary Census Metropolitan Area declined by almost nine per cent in May (1,488 units) from May 2007 (1,633). Despite the overall decline last month, multi-family construction has pushed total starts for the year up by 25.3 per cent until the end of May -- 7,240 this year compared with 5,777 last year. Single-detached starts were 475 in May, down about 34 per cent from a year earlier and the lowest level for May since 1995. Read the full story in the Herald Multi-family starts hits highest level in May.

Jun 9
The Shooting Stars are blooming in the mountains. See a close-up of this magnificent flower along with a rarely seen Blue-Eyed Grass. Wild Flowers.

Jun 9
The average price of single family homes in the inner-city rose by 5.6% in May compared to one year ago. City-wide, the average price dropped 1.6% in May. Will the increasing costs of fuel cause a further price increase in the inner-city? I've posted a new Blog topic on this subject. I've also posted a new question for the Online Poll.

Jun 6
Calgary saw a substantial jump in building plans in April, according to StatsCan figures, as the overall value of building permits soared nearly 30 per cent from March to $429.6 million. Read more in the Herald Value of building permits jumps.

Jun 4
There are 1850 homes(includes SFH and condos) on the market with a list price of $300,000 or less. Last year in May there were 798.

Jun 4
47% of the inventory(SFH and condo) is listed below $400,000. On March 2, only 41% was under $400,000.

Jun 4
A new question has been posted: Take My Online Poll

Jun 4
Homebuyers are now willing to pay a premium to slash their daily commute to work.That willingness has pushed home prices in the inner-city neighbourhoods of Mount Royal and Scarboro onto a list of the Top 5 urban areas in the country that experienced the steepest home price appreciations in the past decade. See full story in the Calgary Sun Inner-city house prices among hottest in country.

Jun 3
Despite the declining sales from 2007, CREB president Ed Jensen said the real estate market in the city is steady. Read the full story in the Herald on May's month end statistics Home sales plunge from last year's levels.

Jun 3
Calgary southwest neighbourhoods Mount Royal and Scarboro are in the top five in the country for the highest home price appreciation in the past decade. Read more in the Calgary Herald Two Calgary neighbourhoods in top five for home value growth.

June 2
There is a bumper crop of Calypso Orchids this year in the mountains. I've never seen them growing in such large bunches or as plentiful. I've posted a few pictures: Calypso Orchids. Now you know why I'm so late at getting the May month-end summary on here. It's hiking season.


Jun 2
Inventory grew by 218 listings in May, and ended the month at 7099. The rate of inventory growth slowed considerably compared to all previous months this year which were as follows:
Inventory Increases:
May       218
April      924
March    972
Feb        988
Jan        633
 
Jun 2
Single family home sales for May came in at 1368, showing a huge decrease of 31% from May of 2007 and showing a slight increase from April's 1363 sales.

Jun 2
The single family home May median price at $419,000 was down $1,000 from April and was down 4% compared to last year($435,000).

Jun 2
The single family home May average price increased $5,000, or 1%, from April and is now at $479,564. It took an average of 42 days to sell a house compared to 40 in April.  

Jun 2
The May sales price per sq ft of single family homes was $309. April was $314.

Jun 2
The Year-To-Date average price:
2008: $471,987 
2007: $466,717

The Year-To-Date median price:
2008: $420,000
2007: $419,900

Jun 2
69% of the May sales were below the average price. In April, it was 67%, and last year was 66%.  

Jun 2
We averaged 153 price reductions per day in the last week of May.

Jun 2
For all Marketing 101 students, I've added a "Top 10" list to my Website Statistics. You can see where my visitors are being referred from.