Aug 2010 stats summary:

The median price of single family homes(SFH) at $395,000 is down $5,000, or 1.3% from Jul. It's down 1.3% from Aug 2009 when it was $400,000.

The SFH average price at $445,617 is down $19,038 or 4.1%% compared to Jul. It's down $8,513 or 1.9% from Aug 2009 when it was $454,130.

SFH sales price per sq ft at $290 is down $4 compared to Jul. It’s the same as Aug 2009

Sales of single family homes were down 32% compared to Aug 2009.

Sales of SFH are down 36% compared to the historic average for Aug.

SFH Inventory on Jul 31 was 5046, which is 53% higher than last year.

New listings at 1960 were up 3% compared to last year.

The absorption rate of 5.8 means that we have a 5.8 month, or 174 days, supply of homes on the market. Last year, there was a 2.6 month supply. For homes under $500,000, there is a 5.3 month supply.

Days on Market(DOM) increased to 50 in Aug from 45 in Jul. Last year, it was 42.

25 homes sold for $1 million or more. Last year, there were 28.

Price reductions are up 103% compared to last year. We've averaged 81 price reductions per day over the past week. Last year was 40. Last month was 78.

14% of the homes listed in Aug already have a sale or a conditional sale. Last month was 12%. Last year, it was 27%.

5% of SFH sold for list price or higher. Last month was 4%.

The median price of condos at 260,000 is down $8,000 from Jul.

The median price of condos is the same as Aug 2009.

Condo sales at 364 are down 42% compared to Aug 2009.

What's New

Aug 15
Kate is looking for an updated character home on the north side of the river. Save yourself some commission and contact me bobtruman@shaw.ca More details here Homes wanted now!

Aug 15
New listings are down 8% compared to the historical average for August, but sales are down 33%. If you're thinking of selling in this market, nothing will help as much as an honest evaluation of your property. Contact me for a factual and realistic market analysis.

July 2010 stats summary:

The median price of single family homes(SFH) at $400,000 is down $18,900, or 4.5% from Jun.  It's up 2.6% from Jul 2009 when it was $390,000.

The SFH average price at $464,655 is down $17,309 or 3.6%% compared to Jun. It's up $27,873 or 6.4% from Jul 2009 when it was $436,782.

SFH sales price per sq ft at $294 is down $14 compared to Jun. It’s up $5, or 1.7%, from Jul 2009 when it was $289.

Sales of single family homes were down 42% compared to Jul 2009. 

Sales of SFH are down 37% compared to the historic average for Jul.

SFH Inventory on Jul 31 was 5525, which is 67% higher than last year. 

New listings at 1942 were down 7% compared to last year.

The absorption rate of 6.0 means that we have a 6 month, or 180 days, supply of homes on the market. Last year, there was a 2.1 month supply. For homes under $500,000, there is a 5.5 month supply.

Days on Market(DOM) increased to 45 in Jul from 39 in Jun. Last year, it was 43.

30 homes sold for $1 million or more. Last year, there were 34.

Price reductions are up 111% compared to last year. We've averaged 78 price reductions per day over the past week. Last year was 39. Last month was 102.

12% of the homes listed in Jul already have a sale or a conditional sale. Last month was 13%. Last year, it was 30%.

4% of SFH sold for list price or higher. Last month was 7%.

The median price of condos at 268,000 is down $1,900 from Jun.

The median price of condos is up $5,000 or 1.9% from Jul 2009.

Condo sales at 396 are down 44% compared to Jul 2009.

Jul 29
Calgary is the only major Canadian market with house prices remaining below their pre-recession peak. Read more Calgary house prices

Jul 20
The Bank of Canada raised its benchmark interest rate by 25 basis points today, the second straight time it has done so after keeping rates at unprecedented lows for more than a year. In raising the rate, the bank moved to lightly hit the brakes on a Canadian economy that has shown signs of significant strength in recent months. Read more: Bank of Canada hikes rates again

Jul 20
The median price is down $8,900 already in July, but be prepared for it to fall further before the month is out. The median price of pending sales at $399,900 is a harbinger of a further decrease.The sales price per sq ft and the average price are all on the way down.

Jul 14
New listings are down 5% in July compared to last year. Read more on My Blog

Jul 13
Despite what anyone thinks their house is worth, market sentiment dictates a home's true value. Read more from MSN How to time the housing market.

Jul 12
Where are prices heading? A new question has been posted Take My Online Poll

Jul 12
Over the past week, homes which sold for list price or higher were located in Strathcona Park(2), Glendale, Altadore, Douglasdale, Capitol Hill, Bridlewood, Monterey Park.

Jul 1
Happy Canada Day everyone! I hope you enjoy this beautiful day, and count your blessings for having the good fortune of living in this great country of ours.

June 2010 stats summary:

The median price of single family homes(SFH) at $418,900 is down $1,100, or .3% from May.  It's up 5% from Jun 2009 when it was $399,000.

The SFH average price at $481,964 is down $1,277 or .3% compared to May. It's up $34,822 or 7.8% from Jun 2009 when it was $447,142.

SFH sales price per sq ft at $308 is up $1 compared to May. It’s up $20 or 6.9%, from Jun 2009 when it was $288.

Sales of single family homes were down 42% compared to Jun 2009. 

Sales of SFH are down 35% compared to the historic average for Jun.

SFH Inventory on Jun 30 was 5991, which is 76% higher than last year. 

New listings at 2733 were up 22% compared to last year.

The absorption rate of 5.7 means that we have a 5.7 month, or 171 days, supply of homes on the market. Last year, there was a 1.8 month supply. For homes under $500,000, there is a 5.4 month supply.

Days on Market(DOM) increased to 39 in Jun from 38 in May. Last year, it was 44.

38 homes sold for $1 million or more. Last year, there were also 38.

Price reductions are up 100% compared to last year. We've averaged 102 price reductions per day over the past week. Last year was 51. Last month was 129.

13% of the homes listed in Jun already have a sale or a conditional sale. Last month was 16%. Last year, it was 34%.

7% of SFH sold for list price or higher. Last month was 6%.

The median price of condos at 269,900 is down $10,000 from May.

The median price of condos is up $4,400 or 1.7% from Jun 2009.

Condo sales at 445 are down 40% compared to Jun 2009.

Jun 28
Over the past week, homes which sold for list price or higher were located in Lakeview, Parkland, Panorama Hills, Sherwood, Killarney, Signal Hill, Lake Bonavista Estatates, South Calgary, Wildwood, Silver Springs, Willow Park, Douglasdale, Highland Park, Glenbrook, Hidden Valley, and Winston Heights.

Jun 25
Condo inventory increased by only 12 listings in the past week. Single family home inventory increased by 151 listings.

Jun 23
24% of the "new" listings yesterday were actually re-lists; ie listings which had recently expired or were terminated and are now back on the market. Last year, on the same date, 10% were re-lists.

Jun 23
Calgary Market Trends has just been updated and shows that SFH new listings have declined for five consecutive weeks. Sales over the past month are down 41% compared to last year.  

Jun 18
As interest rates rise, more people are selling their properties -- and diving into rentals, driving up rents as well. Read more in the Globe and Mail Homeowners sell, start renting instead

Jun 16
Further interest-rate hikes in Canada are not “pre-ordained,” central bank governor Mark Carney said Wednesday.Read more Interest rate hikes in Canada not Pre-ordained

Jun 16
How high will inventory go this year? A new question has been posted Take My Online Poll

Jun 14
We're averaging 126 price reductions per day. That's about the same as last month, and includes both condos and SFH. Last year in June was 51.

Jun 14
The SFH median price is up $21,000(5.3%) compared to June 2009. Inventory is up 78%.

Jun 11
26% of yesterday's "new" listings were actually re-lists.

May 2010 stats summary:

The median price of single family homes(SFH) at $420,0000 is up $3,000, or .7% from Apr.  It's up 7.7% from May 2009 when it was $390,000.

The SFH average price at $483,240 is up $22,862 or 5% compared to Apr. It's up $46,813 or 10.7% from May 2009 when it was $436,427.

SFH sales price per sq ft at $307 is up $6 compared to Apr. It’s up $28, or 10%, from May 2009 when it was $279

Sales of single family homes were down 20% compared to May 2009. 

Sales of SFH are down 25% compared to the historic average for May.

SFH Inventory on May 31 was 5649, which is 46% higher than last year. 

New listings at 2966 were up 33% compared to last year.

The absorption rate of 4.5 means that we have a 4.5 month, or 135 days, supply of homes on the market. Last year, there was a 2.4 month supply. For homes under $500,000, there is a 4.1 month supply.

Days on Market(DOM) increased to 38 in May from 36 in Apr. Last year, it was 45.

55 homes sold for $1 million or more. Last year, there were 36.

Price reductions are up 126% compared to last year. We've averaged 129 price reductions per day over the past week. Last year was 57. Last month was 104.

16% of the homes listed in May already have a sale or a conditional sale. Last month was 19%. Last year, it was 29%.

6% of SFH sold for list price or higher. Last month was 9%.

The median price of condos at 279,900 is up $12,450 from Apr.

The median price of condos is up $24,900 or 9.8% from May 2009.

Condo sales at 518 are down 19% compared to May 2009.

May 30
Condo median prices reached a new 22-month high yesterday at $278,750. The highest ever was in Aug 2007 at $301,000.

May 30
61% of the homes sold in the past 2 days had at least one price reduction.

May 30
There were 54 new SFH listings yesterday of which 14 were re-lists.

May 27
6 homes sold for more than $1 million yesterday. 47 homes have sold for more than $1 million this month. The record is 61 in March 2007.

May 27
The SFH average price has risen $26,000(6%) this month, to $486,394. The median price has risen only $3,000, to $420,000. The sales price per sq ft is up from $301 in April to $308 this month.

May 20
Over the past 3 days, single family homes have sold at list price or higher in Aspen Woods, Altadore, Springbank Hill, Crescent Heights, Royal Oak, Copperfield, Cranston, South Calgary, Parkhill and Richmond Hill. This month, 5% of homes are selling for list price or higher.

May 20
We're averaging 128 price reductions per day over the past week. That includes both condos and single family homes.

May 10
How much will this new listing sell for? How long will it take? Closest guess will win a gift certificate to Rouge Restaurant. Read more on My Blog

May 6
Mortgage fraud is prominent in the news. Are straw buyers innocent victims or greedy fraudsters? A new question has been posted Take My Online Poll

Apr 2010 stats summary:

The median price of single family homes(SFH) at $417,0000 is down $6,000, or 1.4% from Mar.  It's up 9.7% from Apr 2009 when it was $380,000.

The SFH average price at $460,378 is down $10,891 or 2.3% compared to Mar. It's up $34,067 or 8% from Apr 2009 when it was $426,311.

SFH sales price per sq ft at $301 was down $7 compared to Mar. It’s up $29, or 11%, from Apr  2009 when it was $272

Sales of single family homes were up 5% compared to Apr 2009. 

Sales of SFH are down 19% compared to the historic average for Apr.

SFH Inventory on Apr 30 was 4986, which is 21% higher than last year. 

New listings at 3082 were up 53% compared to last year.

The absorption rate of 3.7 means that we have a 3.7 month, or 111 days, supply of homes on the market. Last year, there was a 3.2 month supply. For homes under $500,000, there is a 3.2 month supply.

Days on Market(DOM) decreased to 36 in Apr from 33 in Mar. Last year, it was 52.

29 homes sold for $1 million or more. Last year, there were 23.

Price reductions are up 60% compared to last year. We've averaged 104 price reductions per day over the past week. Last year was 65.

19% of the homes listed in Apr already have a sale or a conditional sale. Last month was 26%. Last year, it was 19%.

9% of SFH sold for list price or higher. Last month was 12%.

The median price of condos at 267,500 is down $7,500 from Mar.

The median price of condos is up $16,500 or 6.6% from Apr 2009.

Condo sales at 639 are up 10% compared to Apr 2009.

Apr 29
Development permits were issued this month for 40 new single family homes in the inner city. In April 2009, 28 were issued.

Apr 29
Price reductions are way up. Over the past 7 days, we've averaged 104 price reductions per day. last month was 81. April 2009 was 65. April 2008 was 166.

Apr 23
Development permits were issued this week for 9 new single family homes in the inner city.

Apr 23
The median price has dropped $4500 this month, but is still up $17,500 since Dec 31.

Apr 19
The new mortgage rules kick in today. The key changes are:

- borrowers must qualify for the 5 year rate even if they opt for a shorter term.

- on refinancing, the maximum amount of equity withdrawal is reduced from 95% to 90%.

- non owner occupied residences bought for investment now require a 20% down payment.

Apr 19
Here's a table which gives the average sales price per sq ft over the last four months, and the increase since April 2009. You can see that bungalows cost a lot more than an equivalent sized 2-storey:

SFH Sales price per sq ft $
Month	2-Storey	Bungalow	All others
Apr 1-18, 2010	$268(8.5%)	$375(13.6%)	$304(7%)
Mar 2010	267	383	319
Feb 2010	270	370	305
Jan 2010	257	366	303
Apr 2009	247	330	284

You can see from the table above that bungalows have increased much more than other styles. Since April 2009, the overall average price has increased 7.6%

Apr 17
Development permits were issued this week for 9 new single family homes in the inner city

Apr 15
The 30-day sales price per sq ft(SP/SF) today at $309 is actually higher than it was in March at $308. When the SP/SF increases but the average and median price decline, it usually means that people are buying smaller homes.

Apr 13
It took a few days longer than expected, but the 30-day median price finally dropped yesterday to $423,500 after hanging on at $425,000 for nine days. (As predicted right here on April 3.) According to the pending sales, it should continue to drop for the upcoming week. You can see the daily progression of the 30-day price SFH Daily/Monthly Summaries.

Apr 13
Have you checked this lately? Homes wanted now!

Apr 9
Homes have sold at list price or higher this month in the following communities: Beddington, Canyon Meadows, Capitol Hill, Christie Park, Coach Hill, Copperfield, Dalhousie, Edgemont, Evanston, Lynnwood, Martindale, McKenzie Towne, Mount Royal, North Glenmore, North Haven, Penbrooke, Rosscarrock, Saddleridge, Scenic Acres, Silverado, Springbank Hill, Temple, Tuscany(2), Valley Ridge, Varsity Acres.

Apr 8
According to a report released Thursday from CIBC's chief economist Avery Shenfeld, interest rates are likely to remain at a very low 2.5 per cent through to 2011 — not the seven to eight per cent forecast by some. Read more in the Herald Interest rates to remain low through 2011: CIBC

Apr 8
Development permits were issued this week for 12 new single family homes in the inner city.

Apr 8
Prospects for Calgary's construction industry continued to improve in March, as the value of building permits rose. Dan Sumner, an economist with ATB says "But if they (developers) are still building, then that's a sign they are still expecting demand to increase." Read more in the Herald City building permits surge 74% in March.

Apr 5
Calgary Market Trends has been updated and shows that 8% of homes are selling for list price or higher. That's down from 14% last week. 6% of all sales in the past week were "under water."

Apr 3
Get ready for a drop in prices. The average price of pending sales today is $453,044. That should mean lower sales prices in the coming week. The average price in March was $471,268.

Apr 2
CREB president says "rising interest rates are motivating buyers to take the plunge." Read more in the Herald Interest rates fuel Calgary housing market

Apr 1
 

Mar 2010 stats summary:

The median price of single family homes(SFH) at $423,000 is up $12,000, or 2.9% from Feb. It's up 12.8% from Mar 2009 when it was $375,000.

The SFH average price at $471,269 is up $13,015 or 2.8% compared to Feb. It's up $50,916, or 12.1% from Mar 2009 when it was $420,353.

SFH sales price per sq ft at $308 was up $4 compared to Feb. It’s up $35, or 13%, from Mar 2009 when it was $273

Sales of single family homes were up 29% compared to Mar 2009.

Sales of SFH are down 14% compared to the historic average for Mar.

SFH Inventory on Mar 31 was 4014, which is 8% lower than last year.

New listings at 2988 were up 48% compared to last year.

The absorption rate of 2.9 means that we have a 2.9 month, or 87 days, supply of homes on the market. Last year, there was a 4.0 month supply. For homes under $500,000, there is a 2.6 month supply.

Days on Market(DOM) decreased to 33 in Mar from 35 in Feb. Last year, it was 48.

33 homes sold for $1 million or more. Last year, there were 18.

Price reductions are up 23% compared to last year. We've averaged 81 price reductions per day over the past week. Last year was 66.

26% of the homes listed in Mar already have a sale or a conditional sale. Last year, it was 19%.

12% of SFH sold for list price or higher. Last month was 11%.

37% of SFH sold during their first 7 days on the market. Last month was 36%.

The median price of condos at 275,000 is up $10,000 from Feb.

The median price of condos is up $15,000 or 5.8% from Mar 2009.

Condo sales at 609 are up 37% compared to Mar 2009.

Mar 30
Is there a real estate bubble in Calgary? Take My Online Poll

Mar 29
Calgary Market Trends has been updated, and shows that 14% of homes sold in the past week went for list price or higher.

Mar 25
So far this month, 67 single family homes have sold on their first day.

Mar 25
Development permits were approved this month for 47 new single family homes in the inner city. Last year was 39.

Mar 23
Are you thinking of selling your house in Douglasglen or Riverbend? Check my Homes wanted now!

Mar 22
Have you purchased a home since June 2006? Are you "under water?" See the data on this situation on My Blog.

Mar 22
Calgary Market Trends has just been updated, and shows that 13% of homes sold in the past week went for list price or higher.

Mar 22
Can't find a house to buy? Don't panic. It looks like we may be heading for a buyer's market. Compared to historic averages, for the first 3 weeks of March, sales of SFH are down 18% and new listings are up 21%. If this trend continues, the absorption rate which is presently a balanced market, will soon slip into buyer's market conditions.

Mar 16
Three homes in West Springs have sold for list price or higher since March 1. A total of seven homes have been sold.

Mar 13
Indications are that we're going to have a good selection of inventory for buyers to choose from this year. For the first 12 days of March, compared to the historical average, new listings are up 31% and sales are down 13%.

Mar 13
11% of SFH have sold for list price or higher this month.

Mar 12
Development permits were approved this week for 13 new homes in the inner city.

Mar 3
The average CDOM(cumulative days on market which factors in re-lists) during the last week in Feb was 39. The median CDOM was 15. With a total of 295 sales, that translates into 147 homes selling in 15 days or less.

Mar 3
In the first two days of March, homes sold for list price or higher in Cambrian Heights, Chinook Park, Acadia, Pump Hill, McKenzie Towne, Mayland Heights, Panorama Hills, West Springs, Meadowlark, MacEwan Glen, Skyview ranch, Pineridge and Saddleridge.

Feb 2010 stats summary:

The median price of single family homes(SFH) at $411,000 is up $13,000, or 3.3% from Jan. It's up 9.6% from Feb 2009 when it was $375,000.

The SFH average price at $458,254 is up $17,036 or 3.9% compared to Jan. It's up $42,685, or 10.3% from Feb 2009 when it was $415,568.

SFH sales price per sq ft at $304 was up $5, or 2% compared to Jan. It’s up $32, or 12%, from Feb 2009 when it was $272

Sales of single family homes were up 25% compared to Feb 2009.

Sales of SFH are down 24% compared to the historic average for Feb.

SFH Inventory on Feb 28 was 3106, which is 29% lower than last year.

New listings at 2154 were up 5% compared to last year.

The absorption rate of 3.0 means that we have a 3 month, or 90 days, supply of homes on the market. Last year, there was a 5.3 month supply. For homes under $500,000, there is a 2.7 month supply.

Days on Market(DOM) decreased to 35 in Feb from 43 in Jan. Last year, it was 51.

20 homes sold for $1 million or more. Last year, there were 15.

Price reductions are down 42% compared to last year. We've averaged 45 price reductions per day over the past week. Last year was 78.

34% of the homes listed in Feb already have a sale or a conditional sale. Last year, it was 14%.

11% of SFH sold for list price or higher. Last month was 14%.

36% of SFH sold during their first 7 days on the market. Last month was 31%.

The median price of condos at 265,900 is up $900 from Jan.

The median price of condos is up $16,050 or 6.4% from Feb 2009.

Condo sales at 536 are up 56% compared to Feb 2009.

Feb 26 Over the past 4 days, homes have sold for list price or higher in Altadore, Aspen Woods, Chaparral, Deer Run, Douglasdale, Discovery Ridge, Edgemont(2), Lake Bonavista, Marlborough, McKenzie Towne, Meadowlark, Oakridge, Panorama, Rosscarrock, Springbank Hill, Westgate, West Springs. Feb 26 37% of the new listings this month have sold during their first seven days on the market. Feb 16 This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. The changes are as follows: - All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term - The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home; - Non-owner occupied properties will require a minimum down payment of 20%. Read more Tightened mortgage rules could slow home sales Feb 10 As predicted on Feb 3, the median price has risen. Over the past seven days, the median price of sales was $420,000.  The 30-day median price has risen to $402,500. Feb 10 Four homes have sold for higher than list price in Haysboro in the past two weeks. Feb 6 A home in Elbow Park sold yesterday for $5.3 million. Only two homes have ever sold for more on MLS, with one selling last year in Elbow Park for 10.3 million. Feb 4 The Calgary Market Trends page has been updated. It shows that 32% of homes sold during their first week on the market. Feb 4 The average CDOM(cumulative days on market which factors in re-lists) during the last week in Jan was 43. The median CDOM was 15. With a total of 255 sales, that translates into 127 homes selling in 15 days or less. Feb 3 If the pending sales are any indication, the median price of SFH should rise over the next week. The median price of pending sales is at $426,900 today(9:51 a.m.) The 30-day median price on Feb 2 was $398,000. Feb 3 Homes sold for list price or higher on Feb 1-2 in Rocky Ridge, Lakeview, McKenzie Towne, Deer Ridge, Whitehorn, Castleridge and Penbrooke.

Jan 2010 stats summary:

The median price of single family homes(SFH) at $398,000 is down $3,000, or .8% from Dec.  It's up 6.2% from Jan 2009 when it was $374,700.

The SFH average price at $441,217 is down $10,132 or 2.2% compared to Dec. It's up $28,168, or 6.8% from Jan 2009 when it was $413,049.

SFH sales price per sq ft at $299 was down $3, or 1% compared to Dec. It’s up $30, or 11%, from Jan 2009 when it was $269

Sales of single family homes were up 39% compared to Jan 2009. 

Sales of SFH are down 29% compared to the historic average for Jan.

SFH Inventory on Jan 31 was 2513, which is 38% lower than last year. 

New listings at 1822 were down 12% compared to last year.

The absorption rate of 3.3 means that we have a 3.3 month, or 99 days, supply of homes on the market. Last year, there was a 7.4 month supply. For homes under $500,000, there is a 2.6 month supply.

Days on Market(DOM) decreased to 43 in Jan from 47 in Dec. Last year, it was 62.

12 homes sold for $1 million or more. Last year, there were 6.

Price reductions are down 41% compared to last year. We've averaged 32 price reductions per day over the past week. Last year was 54.

31% of the homes listed in Jan already have a sale or a conditional sale. Last year, it was 11%.

14% of SFH sold for list price or higher. Last month was 10%.

31% of SFH sold during their first 7 days on the market. Last month was 21%.

The median price of condos at 265,000 is the same as Dec.

The median price of condos is up $22,000 or 9.1% from Jan 2009.

Condo sales at 376 are up 67% compared to Jan 2009.

Jan 30
Homes sold for list price or higher yesterday in Bowness, Coventry Hills, Acadia, MacEwan, Mount Pleasant, Beddington, Douglasdale, Crescent Heights, and Auburn Bay.

Jan 30
There is a 102-day supply of homes on the market. Last year, it was a 222-day supply.

Jan 29
26% of the homes listed in the past 30 days have already sold or conditionally sold. You can see all the other latest trends here Calgary Market Trends. Just updated today.

Jan 28
Sales of SFH are up 44% compared to Jan last year, but down 30% compared to the historic average.

Jan 23
Single family home inventory is at 61% of last year's level. Condos are 72%.

Jan 20
The Calgary Real Estate Board has made their prediction for 2010:"The board predicts the average price for a single-family home in Calgary in 2009 will jump six per cent to $470,000 from $442,327 last year and the average condo price will rise 4.3 per cent to $296,000 from $283,734 in 2009." Read more in the Herald Modest gains in 2010

Jan 20
14% of sales in January have been for list price or higher.

Jan 20
20% of the homes listed in the past 30 days have already sold or conditionally sold.

Dec 2009 stats summary:

The median price of single family homes(SFH) at $401,000 is down $7,000, or 1.7% from Nov.  It's up 5.5% from Dec 2008 when it was $380,000.

The SFH average price at $451,348 is down $13,096 or 2.8 compared to Nov. It's up $33,950, or 8.1% from Dec 2008 when it was $417,398.

SFH sales price per sq ft at $302 was down $2, or .7% compared to Nov. It’s up $30, or 11%, from Dec 2008 when it was $272.

Sales of single family homes were up 78% compared to Dec 2008. 

Sales of SFH are down 8% compared to the historic average for Dec.

Year-to-date sales at 14,442 were up 7.4% compared to last year.

SFH Inventory on Dec 31 was 2053, which is 47% lower than last year. 

New listings at 806 were down 4% compared to last year.

The absorption rate of 2.6 means that we have a 2.6 month, or 78 days, supply of homes on the market. Last year, there was an 8.6 month supply. For homes under $500,000, there is a 1.7 month supply.

Days on Market(DOM) increased to 47 in Dec from 42 in Nov. Last year, it was 61.

20 homes sold for $1 million or more. Last year, there were 4.

Price reductions are down 64% compared to last year. We've averaged 6 price reductions per day over the past week. Last year was 17.

26% of the homes listed in Dec already have a sale or a conditional sale. Last year, it was 9%.

10% of SFH sold for list price or higher. Last month was 12%.

21% of SFH sold during their first 7 days on the market. Last month was 24%.

The median price of condos at 265,000 is up $100 from Nov.

The median price of condos is up $11,000 or 4.4% from Dec 2008.

Condo sales at 341 are up 66% compared to Dec 2008.

Year-to-date sales of condos were up 11.8% compared to last year.

Dec 29
Sales of SFH for the first 28 days of Dec are up 78% compare to last year. Condo sales are up 66%.

Dec 29
The 30-day SFH median price is up 5.9% compared to last year.

Dec 17
Over the past six months, sales of SFH are up 29% compared to last year. Sales of homes over $1 million are up 38%.

Dec 13
For the first 12 days of Dec, SFH sales are up 63% compared to last year. Condo sales are up 96%.

Dec 13
SFH inventory is 67% of last year's level. Condo inventory is 76%.

Dec 8
Who made the best price prediction of 2009? Who was 2009's biggest loser? Go to Biggest loser...

Dec 8
The average CDOM(cumulative days on market which factors in re-lists) during the last week in Nov was 46. The median CDOM was 29. Those are exactly the same results as Oct.

Nov 2009 stats summary:

The median price of single family homes(SFH) at $408,000 is down $2,000, or .5% from Oct. It's up 5.3% from Nov 2008 when it was $387,300.

The SFH average price at $464,444 is up $1,979 or .4% compared to Oct. It's up 6.7% from Nov 2008 when it was $435,471.

SFH sales price per sq ft at $304 was up $5, or 1.7% compared to Oct. It’s up $23, or 8.2%, from Nov 2008 when it was $281.

Sales of single family homes were up 63% compared to Nov 2008.

Sales of SFH are down 4% compared to the historic average for Nov.

SFH Inventory on Nov 30 was 2664, which is 48% lower than last year.

New listings at 1365 were down 13% compared to last year.

The absorption rate of 2.4 means that we have a 2.4 month, or 72 days, supply of homes on the market. Last year, there was a 7.6 month supply. For homes under $500,000, there is a 2.0 month supply.

Days on Market(DOM) increased to 42 in Nov from 41 in Oct. Last year, it was 55.

28 homes sold for $1 million or more. Last year, there were 20.

Price reductions are down 54% compared to last year. We've averaged 34 price reductions per day over the past week. Last year was 74.

29% of the homes listed in Nov already have a sale or a conditional sale. Last year, it was 10%.

12% of SFH sold for list price or higher. Last month was also 12%.

24% of SFH sold during their first 7 days on the market. Last month was 25%.

The median price of condos at 264,900 is up $1,400 or .5% from Oct.

The median price of condos is up $13,100 or 5.2% from Nov 2008.

Condo sales at 504 are up 77% compared to Nov 2008.

Nov 27
Single family home(SFH) sales for the first 26 days of Nov are up 64% compared to last year. Compared to the historic average going back to the year 2000, SFH sales are down 1%.

Nov 27
The 30-day median price is $22,700(5.9%) higher than last year in November.

Nov 27
There is a 72-day supply of single family homes on the market. Last year in Nov, there was a 228-day supply.

Nov 27
12% of single family homes sales in Nov have been for list price or higher.

Nov 27
29% of the homes listed in the past 30 days already have a sale or a conditional sale. Last year was 10%.

Nov 16
Over the past three days, homes have sold for list price or higher in Abbeydale, Arbour Lake, Sage Hill, Strathcona Park, Elboya, McKenzie Lake, Lakeview, Citadel and Sunalta.

Nov 16
Single family home(SFH) sales for the first 15 days of Nov are up 59% compared to last year. Condo sales are up 73%. Compared to the historic average going back to the year 2000, SFH sales are down 5%.

Nov 5
Oct sales of single family homes over $600,000 were 105% higher than last year. (Sep was 35%, Aug 13%, July 9%). Sales of homes under $400,000 were up 36%.

Nov 5
The average CDOM(cumulative days on market which factors in re-lists) during the last week in Oct was 46. The median CDOM was 29.

Oct 2009 stats summary:

The median price of single family homes(SFH) at $410,000 is up $10,100, or 2.5% from Sep. It's up 5.1% from Oct 2008 when it was $390,000.

The SFH average price at $462,464 is up $3,379 or .7% compared to Sep. It's up 3% from Oct 2008 when it was $449,100.

SFH sales price per sq ft at $299 was down $4, or 1.3% compared to Sep. It’s up $9, or 3.1%, from Oct 2008 when it was $290.

Sales of single family homes were up 57% compared to Oct 2008.

Sales of SFH are up 7% compared to the historic average for Oct.

SFH Inventory on Oct 31 was 3003, which is 46% lower than last year.

New listings at 1820 were down 22% compared to last year.

The absorption rate of 2.3 means that we have a 2.3 month, or 69 days, supply of homes on the market. Last year, there was a 6.9 month supply. For homes under $500,000, there is a 1.9 month supply.

Days on Market(DOM) increased to 41 in Oct from 40 in Sep. Last year, it was 48.

28 homes sold for $1 million or more. Last year, there were 20.

Price reductions are down 57% compared to last year. We've averaged 44 price reductions per day over the past week. Last year was 102.
27% of the homes listed in Oct already have a sale or a conditional sale. Last year, it was 9%.

12% of SFH sold for list price or higher. Last month was 13%.

25% of SFH sold during their first 7 days on the market. Last month was 29%.

The median price of condos at 263,500 is down 1,500 or .6% from Sep.

The median price of condos is down $4,500 or 1.7% from Oct 2008.

Condo sales at 601 are up 51% compared to Oct 2008.

Oct 30
Realtors are calling on the Alberta government to adopt guidelines for cleaning up houses that have been used for marijuana grow ops and meth labs. Read more in the Herald Realtors want rules to to fix up former grow ops.

Oct 27
Calgary Market Trends page has been updated and it shows continued strength in sales. Single family home 30-day sales are up 49% compared to last year. The median price is up 5%. Inventory is down 44%. Vacant inventory is down 50%.

Oct 26
We've averaged 43 price reductions per day over the past week; last month was 51; last year was 102.

Oct 24
If you haven't checked My Blog recently, there's a lot of insightful discussion happening right now. Leave a comment and tell us if you think we're heading for a crash(or higher prices).

Oct 24
Over the past 90 days, sales are up 20% compared to 2008. For homes over $600,000, sales are up 47%.

Oct 24
The 30-day median price is $19,000(4.9%) higher than last year in October.

Oct 24
There's a 75-day supply of homes for sale in Calgary. Last year in Oct, there was a 207-day supply.

Oct 24
28% of the single family homes listed in the past 30 days already have a sale or a conditional sale. Last year it was 9%.

Oct 22
Three weeks into Oct, sales of SFH are up 63% compared to last year. Historically, going back to the year 2000, sales are up 12%.

Oct 20
Inventory remains low. Active listings are 43% lower than last year. Calgary Market Trends page has just been updated. It shows fewer homes are selling over list price.

Oct 16
Single family home(SFH) sales for the first 15 days of Oct are up 47% compared to last year. Condo sales are up 42%. Compared to the historic average going back to the year 2000, SFH sales are up 12%.

Oct 13
Inventory of SFH is only 58% of last year's level.

Oct 13
The 30-day median price is $10,000(2.6%) higher than last year on this date.

Oct 11
Have you been looking for a family home in Edgemont where your kids can walk to school? We just listed a 4-bedroom house for $449,900 today. Edgemont listing. It's near a playground, too! We know this is an attractive listing from all the calls we've already received. Four showings are lined up for tomorrow. Call Kendall Curle if you want to view this hot new listiung 403-809-1101. (Update Oct 13: This home is conditionally sold)

Oct 8
For the first week of October, single family home sales are up 32% compared to last year. Condo sales are up 34%.

Oct 8
Over the past 2 days, 17 single family homes have sold at list price or higher: Edgemont(3), Copperfield(2), Panorama Hills, Parkland, Hamptons, Montgomery, Varsity, Richmond Hill, Braeside, Tuscany, Coventry Hills, Taradale, Silver Springs, Beddington.

Oct 3
Sep sales of single family homes over $600,000 were 35% higher than last year(Aug was 13%, July was 9%). 173 homes sold for $600,000 or higher, while last year there were 128. Sales of homes under $400,000 were up 6%.

Oct 3
The average CDOM(cumulative days on market which factors in re-lists) during the last week in Sep was 52. The median CDOM was 25.

Sep 2009 stats summary:

The median price of single family homes(SFH) at $399,900 is down $100 or .03% from Aug.  It's up 1.2% from Sep 2008 when it was $395,000.

The SFH average price at $459,085 is up $4,955 or 1.1% compared to Aug. It's up 3.4% from Sep 2008 when it was $444,048.

SFH sales price per sq ft at $303 was up $12, or 4.1% compared to Aug. It’s up $8, or 3%, from Sep 2008 when it was $295.

Sales of single family homes were up 9% compared to Sep 2008. 

Sales of SFH are up 2% compared to the historic average for Sep.

SFH Inventory on Sep 30 was 3148, which is 42% lower than last year. 

New listings at 1857 were down 29% compared to last year.

The absorption rate of 2.5 means that we have a 2.5 month, or 75 days, supply of homes on the market. Last year, there was a 4.7 month supply. For homes under $500,000, there is a 1.9 month supply.

Days on Market(DOM) decreased from 42 in Aug to 40 in Sep. Last year, it was 51.

36 homes sold for $1 million or more. Last year, there were 25.

Price reductions are down 55% compared to last year. We've averaged 51 price reductions per day over the past week. Last year was 114.

28% of the homes listed in Sep already have a sale or a conditional sale. Last year, it was 10%.

13% of SFH sold for list price or higher. Last month was 11%.

29% of SFH sold during their first 7 days on the market. Last month was 28%.

The median price of condos at 265,000 is up $5,000 or 1.9% from Aug.

The median price of condos is exactly the same as last year.

Condo sales at 580 are up 25% compared to Sep 2008.

Sep 30
The 30-day average price for single family homes hit a new high for the year yesterday at $457,689. Likewise for condos at $288,989.

Sep 29
Alberta was the province with the fastest demographic growth rate from April to June 2009, at 0.59%. Read more Stats Canada.

Sep 29
With 2 days remaining in the month, SFH sales in September at 1172 have already surpassed the total Sep sales from 2008 at 1152. Historically, going back to the year 2000, Sep sales are up 1%.

Sep 26
The single family home median price is $5,000 higher than last year in Sep. The average is $13,489 higher.

Sep 26
Here is a table which shows the sales price per sq ft for the past six months as well as Sep last year:

Sales price per sq ft $
Month	2-Storey	Bungalow
Sep 2009	269	359
Aug 2009	264	350
Jul 2009	256	348
Jun 2009	253	357
May 2009	249	337
Apr 2009	247	330
Sep 2008	259	361

Sep 22
28% of the single family homes listed in the past 30 days already have a sale or a conditional sale.

Sep 18
For the period Sep 1 - 17, 2009:
Single family home sales are up 15% compared to last year.
Condo sales are up 24%.
13% of SFH have sold at list price or higher.
30% of SFH were sold during their first 7 days on the market.

Sep 17
Over the past two days, 17 homes have sold at list price or higher: Coventry Hills(2), Somerset, Citadel, Valley Ridge, Varsity, Woodbine, Macewan Glen, Temple, Lake Bonavista, McKenzie Towne, Lakeview, Cambrian Heights, Douglasdale, Saddleridge, Falconridge, Crescent Heights.

Sep 11
Is the Calgary housing market healthy or heading for a crash? Check out our new page Calgary Market Trends, and let us know what you think at My Blog.

Sep 8
For the period Sep 1 - 7, 2009:
Single family home(SFH) sales are up 14% compared to last year.
Condo sales are up 45%
13% of SFH have sold at list price or higher
28% of SFH were sold during their first 7 days on the market.

Aug 2009 stats summary:

The median price of single family homes(SFH) at $400,000 is up $10,000 or 2.6% from July.  It's up .5% from Aug 2008 when it was $398,000.

The SFH average price at $454,130 is up $17,348 or 4.0% compared to July. It's up 3.1% from Aug 2008 when it was $440,625.

SFH sales price per sq ft at $291 was up $2, or .7% compared to July. It’s down $6, or 2%, from Aug 2008 when it was $297.

Sales of single family homes were up 9% compared to Aug 2008. 

Sales of SFH are down 5% compared to the historic average for Aug.

Sales for the past 3 months are up 22% compared to 2008.

SFH Inventory on Aug 31 was 3296, which is 40% lower than last year. 

New listings at 1910 were down 16% compared to last year.

The absorption rate of 2.6 means that we have a 2.6 month supply of homes on the market. Last year, there was a 4.7 month supply. For homes under $500,000, there is a 2.1 month supply.

Days on Market(DOM) decreased from 43 in July to 42 in Aug. Last year, it was 52.

28 homes sold for $1 million or more. Last year, there were 24.

Price reductions are down 52% compared to last year. We've averaged 40 price reductions per day over the past week. Last year was 83.

27% of the homes listed in Aug already have a sale or a conditional sale. Last year, it was 18%.

11% of SFH sold for list price or higher.

28% of SFH sold during their first 7 days on the market.

The median price of condos at 260,000 is down $3,000 or 1.1% from July.

The median price of condos is down 3.2% compared to last year.

Condo sales at 632 were up 27% compared to Aug 2008.

Aug 30
Here is a table which shows the sales price per sq ft for the past five months as well as Aug last year.

Sales price per sq ft $
Month	2-Storey	Bungalow
Aug 2009	264	348
Jul 2009	256	348
Jun 2009	253	357
May 2009	249	337
Apr 2009	247	330
Aug 2008	265	355

Aug 29
27% of the homes listed in the past 30 days already have a sale or a conditional sale.

Aug 29
August sales for both SFH and condos have already surpassed last year's August totals.

Aug 28
10 single family homes sold at/over list price yesterday: Glendale, Saddleridge, Evergreen, Tuxedo, Highland Park, Mount Pleasant, Royal Oak, Thorncliffe, Marlborough Park, Woodbine.

Aug 27
88% of the respondents to the Calgary Herald's online poll believe bloggers who post anonymous slander SHOULD NOT have their identity protected.  857 readers voted.

Aug 27
Predictions Update:
Two-thirds of the year has gone by. How close are the predictions which were made for 2009?
Today's average price is $457,554. The following average prices were predicted for Dec 2009(the price drop required to achieve that price is in brackets):

CREB* $409,509* (5%*)

Garth Turner $354,788 (23%)

Keith in Calgary(aka Carioca Canuck) $313,049 (32%)

RJT(Alberta Bubble Blog) $387,398 (15%)

TD Economics $356,458 (22%)

CIBC World Markets $375,658 (18%)

Squidly (Blog from hell) $225,000 (51%)

*CREB prediction is for Year-to-date price

My prediction, which I made on June 30, was for the median price to be $369,075 on Dec 31. It will have to drop by 7.5% to achieve that.

Aug 26
20% fewer homes have been listed in August compared to last year.

Aug 26
August sales of single family homes(SFH) over $600,000 are up 31% compared to last year. Million dollar sales are up 44%.

Aug 26
The SFH average price at $457,178 is up 4% compared to Aug 2008. The median price at $398,000 is exactly the same.

Aug 26
6 single family homes sold at/over list price yesterday: Palliser, Millrise, Acadia, McKenzie Towne, Coventry Hills, Somerset.

Aug 26
So far in August, 28% of single family homes were sold during their first 7 days on the market.

Aug 25
3 single family homes sold at/over list price yesterday: Harvest Hills, Citadel, Cougar Ridge. In August, 10% of all homes are selling at list price or higher.

Aug 23
Sales of single family homes are up 10% compared to Aug 2008. Condo sales are up 32%.

Aug 22
Thinking of selling your house? Would you like to save yourself a big chunk of commission on the sale of your home? I have a buyer who wants a single family home up to $450,000 on the west side(Cougar Ridge, Coach Hill, West Springs, Strathcona, Springbank Hill, Richmond Hill), and we can't find anything on MLS. Update: Home has been found, thanks! 

Aug 22
There is a 72-day supply of single family homes on the market today. Last year in August, we had a 141-day supply.

Aug 22
The 30-day average price of single family homes is up 3.4% compared to Aug 2008. The median price is up .1%. The average price today is $455,518; last year was $440,625.

Aug 20
A home in Briar Hill sold yesterday for $177,000 over list price. It was listed for $975,000 and sold for $1,152,000. So far this month, 11% of all homes are selling at list price or higher.

Aug 18
You know you're on the edge when you start to deny that you're "doing it." Here are some photos which show the severe damage that can occur if you let yourself become Addicted to DailyStats.ca. LOL

Aug 17
If you have a good sense of humour, you can vote in my newly posted Online Poll.

Aug 17
A home in Elbow Park set a record yesterday for the highest price ever paid for a home in Calgary at $10.3 million. The previous high price was set last year for a Crescent Heights home which sold for $7.5 million. See My Blog for more details.

Aug 12
Over the past 30 days, condo sales are up 44% compared to last year. Sales are up 32% compared to the historical average(going back to the year 2000).

Aug 12
8% of the condo sales in August have been at list price or higher.

Aug 12
For the first 11 days in August, 17% of condos were sold during their first 7 days on the market.

Aug 12
28% of the condos listed in the past 30 days already have a sale or a conditional sale.

Aug 8
For the first week in August, 28% of single family homes were sold during their first 7 days on the market.

Aug 8
For the first week in August, 13% of single family homes sold at list price or higher.

Aug 8
Over the past 30 days, condo sales are up 40% compared to last year. Single family home sales are up 16%.

Aug 8
29% of the homes listed in the past 30 days already have a sale or a conditional sale. Last year was 10%.

Aug 5
July sales of single family homes over $600,000 were 9% higher than last year.

Aug 3
The 30-day average price of condos at $288,528 is higher than it was in August 2008.

Aug 2
CDOM(cumulative days on the market) for the past two days of sales is 45. In April it was 67. Homes are selling quicker and fewer are being re-listed.

July 2009 stats summary:

The median price of single family homes(SFH) at $390,000 is down $9,000 or 2.3% from June.  It's down 4.5% from July 2008 when it was $408,500.

The SFH average price at $436,782 is down $10,360 or 2.3% compared to June. It's down 4.3% from July 2008 when it was $456,380.

SFH sales price per sq ft at $289 was up $1, or .35%% compared to June. 

Sales of single family homes were up 21% compared to July 2008. 

Sales of SFH are up 15% compared to the historic average for July.

SFH Inventory on July 31 was 3314, which is 45% lower than last year. 

New listings at 2089 were down 18% compared to last year.

The absorption rate of 2.1 means that we have a 2.1 month supply of homes on the market. Last year, there was a 4.6 month supply. For homes under $500,000, there is a 1.5 month supply. You can see the absorption rate by price range here.

Days on Market(DOM) decreased from 44 in June to 43 in July. Last year, it was 52.

33 homes sold for $1 million or more. Last year, there were 30.

Price reductions are down 61% compared to last year. We've averaged 37 price reductions per day over the past week. Last year was 96.

30% of the homes listed in July already have a sale or a conditional sale. Last year, it was 13%.

11% of SFH sales were for list price or higher.

The median price of condos at $263,000 is down $2,500 or 1% from June.

The median price of condos is down 3.8% compared to last year.

Condo sales at 702 were up 31% compared to July 2008.

Jul 31
The record for SFH sales in July was established in 2005 with 1573. To July 30 this year, we have 1510 sales.

Jul 30
For the first 29 days of July, 137(9% of total sales) homes sold during their first 2 days on the market.

Jul 30
The Homes wanted now! page has recently been updated. I have some new clients looking for specific homes and lots in the inner city.

Jul 30
Over the past week, we've averaged 41 price reductions per day. Last month was 51, last year was 96.

Jul 28
Here's a table which gives the sales price per sq ft over the last four months. You can see that bungalows cost a lot more than an equivalent sized 2-storey:

Sales price per sq ft $
Month	2-Storey	Bungalow
Jul 2009	256	348
Jun 2009	253	357
May 2009	249	337
Apr 2009	247	330
Jul 2008	264	369

Jul 27
A new question has been posted Take My Online Poll

Jul 23
11% of single family home sales have been for list price or higher in July. Last month was 10%.

Jul 23
Over the past 2 days, 30% of single family homes sold during their first 7 days on the market. Last year, for the same two days, it was 7%.

Jul 18
SFH sales for the first 17 days in July are 22% ahead of last year, and 18% higher than the historical average. Prices are dropping but sales are remaining strong.

Jul 17
The 30-day SFH median price made its first significant decrease yesterday since January, down to $397,000 from the peak of $400,000 on July 2. Based on pending sales, it should continue to drop. The average price has dropped by $6,086 since the peak was reached on July 1. All unfolding as predicted right here on DailyStats.ca.

Jul 17
31% of the homes listed in the past 30 days already have a sale or conditional sale. Last year, it was 12%.

Jul 17
Over the past 2 days, 29% of single family homes sold during their first 7 days on the market.

Jul 16
A new question has been posted Take My Online Poll

Jul 15
For the first two weeks of July, single family home sales are up 25% compared to last year. We've had 707 sales this year compared to 565 in 2008.

Jul 14
Over the past 2 days, 20% of the SFH new listings were actually "re-lists." They were previously on the market under a different MLS number.

Jul 14
Over the past 7 days, we've averaged 46 price reductions per day(includes SFH and condos). Last year it was 108.

Jul 12
31% of the homes listed in the past 30 days already have a sale or conditional sale. Last year, it was 12%.

Jul 10
Over the past 30 days, sales of homes over $600,000 are 28% higher than last year.

Jul 10
The median price of single family homes is down 2.1% compared to July last year.

Jul 10
Over the past 30 days, sales of single family homes are 22% higher than the historical average(going back to the year 2000).

Jul 9
39 homes have sold at list price or higher in the first 8 days of July.

Jul 9
Over the past week, 28% of single family homes sold during their first 7 days on the market.

Jul 8
Based on pending sales, we can expect a considerable drop in both average and median prices over the next week. The average price of pending sales today is $433,696 and the median is $390,450. The actual sales prices should be lower than that. If this trend continues, the July prices will be well below June's.

Jul 3
Over the past 2 days, 8 homes sold at list price or higher: Bridlewood(2), Hillhurst, Richmond Park/Knobhill, Skyview Ranch, McKenzie Towne, Haysboro, Royal Oak.

Jul 3
The 30-day median price reached $400,000 yesterday. That's an increase of 7% since the low in January when it was $374,700.

Jul 1
180 single family homes sold at list price or higher in July. That was 10% of total SFH sales. Last year it was 4%.

Jul 1
In the last week of June, 26% of SFH sold during their first 7 days on the market.

Jul 1
Happy Canada Day everyone! I hope you enjoy this beautiful day, and count your blessings for having the good fortune of living in this great country of ours.

June 2009 stats summary:

The median price of single family homes(SFH) at $399,000 is up $9,000 or 2.3% from May.  It's down 2.2% from June 2008 when it was $408,000.

The SFH average price at $447,142 is up $10,715 or 2.5% compared to May. It's down 5.6% from June 2008 when it was $473,774.

SFH sales price per sq ft at $288 was up $9, or 3.2% compared to May. It's down 7% compared to June 2008.

Sales of SFH were up 28% compared to June 2008. 

Sales of  SFH are up 18% compared to the historic average for June.

SFH Inventory on June 30 was 3395, which is 48% lower than last year. 

New listings at 2244 were down 19% compared to last year.

The absorption rate of 1.8 means that we have a 1.8 month supply of homes on the market. Last year, there was a 4.6 month supply. For homes under $500,000, there is a 1.4 month supply. You can see the absorption rate by price range here.

Days on Market(DOM) decreased from 45 in May to 44 in June. Last year, it was 46.

38 homes sold for $1 million or more. Last year, there were 49.

Price reductions are down 63% compared to last year. We've averaged 51 price reductions per day over the past week. Last year was 137.

34% of the homes listed in June already have a sale or a conditional sale. Last year, it was 13%.

The median price of condos at $265,500 is up $10,500 or 4.1% from May.

The median price of condos is down 5.9% compared to last year.

Condo sales at 738 were up 33% compared to June 2008

Jun 29
Last year on June 30 there was a 138-day supply of SFH inventory. This year it's 54 days. On Dec 31, 2008, there was a 258-day supply of homes for sale.

Jun 27
Sales of SFH for the past 30 days are up 26% over last year. Condo sales are up 22%.

Jun 27
Over the past two days, 18 homes have sold at list price or higher: Copperfield(2), Brentwood(2), Ramsay, MacEwan, Hanson Ranch, Hamptons, Richmond Park/Knobhill, Royal Oak, Evergreen, Pineridge, McKenzie Towne, Hidden Valley, Highwood, West Springs, Woodbine, Garrison Green.

Jun 27
For homes under $500,000 there is a 42 supply of SFH on the market, which is firmly into a seller's market. Back in Feb, there was a 140-day supply.

Jun 26
We're averaging 53 price reductions per day over the past week. Last year, it was 137.

Jun 26
Homes listed for $800,000 or more have an average CDOM(cumulative days on the market) of 135.

Jun 25
There were 89 sales of single family homes yesterday. 27 were sold during their first 7 days on the market.

Jun 25
Over the past 6 days, 33 homes have sold at list price or higher: Coventry Hills(5), McKenzie Towne(3), Bridlewood(2), McKenzie Lake(2),  Copperfield, Arbour Lake, Bridgeland, Hawkwood, Scarboro, Royal Oak, North Haven, North Glenmore, Silver Springs, Canyon Meadows, Huntington Hills, Glenbrook, Sundance, Skyview Ranch, Beddington, Cougar Ridge, Briar Hill, Edgemont, Martindale, Ranchlands, Temple.

Jun 22
I'd like to say thanks to everyone for continuing to make this the #1 Calgary realtor website on the Point2 system. In fact, yesterday there were 120 visitors who have logged in 100 or more times. Point2 Agents Ratings. When sellers are listing their property, it's a great advantage to have a powerful website to display your home.

My Blog receives an average of 3786% more views than other agents' blogs. That's not a misprint! Calgary real estate blogs.

Jun 22
Compared to the historical average sales for June going back to the year 2000, single family home sales in June are up 10%.

Jun 22
The pace of sales shows no signs of slowing down yet. There are 550 pending SFH sales today. That's about 40% higher than last year at this time. On May 31, there were 431 pendings.

Jun 21
The sales-to-new-listings ratio reached 80% yesterday. That's the highest since Feb 2007.

Jun 21
Inventory continues to drop. Single family home inventory is down 44% compared to last year.

Jun 21
SFH new listings are down 20% compared to last year.

Jun 19
Sales of single family homes are 30% higher than June 2008.

Jun 19
The single family home median price is down 4% compared to June 2008.

Jun 19
There were 71 sales of single family homes yesterday. 25 were sold during their first 7 days on the market.

Jun 19
Over the past 2 days, homes sold at list price or higher in Millrise, Tuscany, Brentwood, Christie Park, Rocky Ridge, Bowness, Canyon Meadows, Cougar Ridge, Dalhousie.

Jun 18
There were 72 sales of single family homes yesterday. 21 were sold during their first 7 days on the market.

Jun 18
31% of the homes listed in the past 30 days already have a sale or a conditional sale. Last year in June it was 13%.

Jun 17
Over the past 4 days, 20 homes have sold at list price or higher: Rocky Ridge(2), Chaparral(2), Shawnessy, Sundance, Arbour Lake, Hawkwood, Tuxedo, Signal Hill, Fairview, Harvest Hills, Huntington Hills, Skyview Ranch, Evergreen, Haysboror, McKenzie Towne, Panorama Hills, Hamptons, Sunnyside.

Jun 15
Over the weekend there were 71 sales of single family homes:

• 7 homes sold higher than list price. The average overbid was $8,372, or 2.2% over list price.
  
• The median CDOM(cumulative days on the market) was 23.
  
• 16 homes sold in 7 days or less

Jun 15
Sales of single family homes for the first two weeks of June are up 18% over last year.

Jun 13
BMO economist says the Canadian market is correcting, not busting. Read more in the Herald Housing market blossoms in spring.

Jun 13
Over the past two days, 13 homes have sold at list price or higher: McKenzie Towne(2), Penbrooke, Martindale, Acadia, Mt Pleasant, Douglasridge, Killarney, Arbour Lake, Citadel, Tuscany, Woodbine, Mahogany. For the first 12 days of June, 11% of sales have been at list price or higher.

Jun 13
30% of the single family homes listed in the past 30 days already have a sale or a conditional sale. Last year in June it was 13%.

Jun 13
Sales of single family homes for the past month are up 9% compared to the historical average going back to the year 2000.

Jun 11
Over the past five days, 31 homes have sold at list price or higher: McKenzie Towne(6), Coventry Hills(2), Midnapore, Erinwoods, Hawkwood, Royal Oak, Pineridge, Saddleridge, Country Hills, South Calgary, Altadore, Whitehorn, Monterey park, Copperfield, Hidden Valley, Inglewood, Sage Hill, Evanston, Douglasdale Estates, Arbour Lake, Douglasglen, North Haven Upper, Garrison Green, Collingwood, Hillhurst.

Jun 10
For homes priced at $550,000 or less, the absorption rate of 1.7 signifies that it is now officially a seller's market.  The inventory has dropped to a 51-day supply of active listings. Two weeks ago, the sellers market included homes up to $439,000.

Jun 8
June sales of single family homes are up 22% over last year. Condos are up 9%.

Jun 6
There were 87 sales of single family homes yesterday. 24 were sold during their first 7 days on the market.

Jun 6
Over the past 3 days, 21 homes sold at list price or higher: McKenzie Towne(3), Hidden Valley, Silver Springs, Deer Run, Evanston, Panorama Hills, Springbank Hill, Auburn Bay, Douglasdale, Erlton, Willow Park Estates, Chaparral, Lake Bonavista Estates, Hawkwood, Tuscany, Banff Trail, Shawnessy, Chinook Park, Martindale.

Jun 5
Sales of homes in May under $500,000 were 25% higher than last year. Sales of homes over $600,000 were 8% lower.

Jun 5
Over the past 10 years, the average number of single family home sales in May is 1619. This year, with 1568 sales, we were 3% below the long-term average.

Jun 4
A home in Erlton sold for $100,150 over list price yesterday. A total of 7 homes sold over list price with an average overbid of 3.4%.

Jun 3
Homes sold at list price or higher over the past two days in McKenzie Lake, Copperfield, Canyon Meadows, Haysboro, Tuscany, Chaparral, Panorama Hills, Evergreen, Capitol Hill, Royal Oak, West Hillhurst.

Jun 2
Year-over-year sales in Calgary's housing market increased in May. Read more in the Calgary Herald.

Jun2
39% of respondents to my online poll correctly guessed that home sales in May would be higher than last year. What will happen in June? Take My Online Poll

Jun2
While you're voting in the new online poll, scroll down to the May 29 question. We need to break the tie. Whose analysis is correct, Garth Turner or Worlclass? Is it a good or a bad time to be buying? Take My Online Poll

May 2009 stats summary:

The median price of single family homes(SFH) at $390,000 is up $10,000 or 2.6% from Apr.  It's down 6.9% from May 2008 when it was $419,000.

The SFH average price at $436,427 is up $10,116 or 2.4% compared to Apr. It's down 9.0% from May 2008 when it was $479,564.

SFH sales price per sq ft at $279 was up $7, or 2.6% compared to Apr. 

Sales of single family homes were up 16% compared to May 2008. 

SFH Inventory on May 31 was 3861, which is 46% lower than last year. 

New listings at 2235 were down 35% compared to last year.

The absorption rate of 2.4 means that we have a 2.4 month supply of homes on the market. Last year, there was a 5.2 month supply. For homes under $400,000, there is a 1.6 month supply. You can see the absorption rate by price range here.

Days on Market(DOM) decreased from 52 in Apr to 45 in May. Last year, it was 42.

36 homes sold for $1 million or more. Last year, there were 49.

Price reductions are down 63% compared to last year. We've averaged 57 price reductions per day over the past week. Last year was 153.

29% of the homes listed in May already have a sale or a conditional sale. Last year, it was 13%.

The median price of condos at $255,000 is up $4,000 or 1.6% from Apr.

The median price of condos is down 10.5% compared to last year.

Condo sales at 653 were up 13% compared to May 2008.

May 31
What will happen to prices for the remainder of 2009? What will happen to inventory in June? Two new questions have been posted Take My Online Poll

May 31
The median CDOM(cumulative days on market) of the homes sold yesterday was 16.

May 31
Single family homes sold at list price or higher yesterday in Rocky Ridge, Marlborough, Dalhousie.

May 31
Last year on May 31 there was a 156-day supply of SFH inventory. This year it's 75 days. On Dec 31, 2008, there was a 258-day supply of homes for sale.

May 31
28% of the homes listed in May already have a sale or a conditional sale. Last year, it was 13%. Last month(April) it was 20%.

May 31
Sales of single family homes in May at 1567 are the same as the long-term average going back to the year 2000. Sales are up 18% compared to 2008. Condo sales are up 17%.

May 30
Over the past 2 days, single family homes sold at list price or higher in McKenzie Towne(3), Coventry Hills(2), Taradale, Haysboro, Monterey Park, Huntington Hills, Copperfield, Southwood, Palliser, Sunnyside.

May 30
There were 94 sales of single family homes yesterday. 24, or 26%, were sold within their first 7 days on the market.

May 30
Over the past week, the sales to new listings ratio is 90%.

May 29
For homes priced at $439,000 or less, the absorption rate of 1.7 signifies that it is now officially a seller's market.  The inventory has dropped to a 51-day supply of active listings.

May 29
A new question has been posted Take My Online Poll.

May 28
Over the past 2 days, single family homes sold at list price or higher in McKenzie Towne(4), Altadore(2), Kincora, Lake Bonavista Estates, Saddleridge, Richmond Park/Knobhill, Forest Lawn, Shawnessy, Marlborough, Hillhurst, Huntington Hills, Douglasglen, Falconridge.

May 28
There were 72 sales of single family homes yesterday. 14, or 19%, were sold within their first 7 days on the market.

May 27
Since May 1, eight homes in McKenzie Towne have sold at list price or higher.

May 26
In the past month, 317 single family homes have sold in a CDOM(cumulative days on market) of 7 days or less.

May 26
Over the past 3 days, single family homes sold at list price or higher in Radisson, Copperfield, Fairview, Tuscany, Coventry Hills, Huntington Hills, Chaparral, Taradale, Willow Park Estates.

May 26
May sales of single family homes under $400,000 are up 39% compared to last year. Homes over $600,000 are down 9%.

May 24
Single family home(SFH) sales for May are up 11% over last year. Compared to the historical average(going back to the year 2000) sales are down 5%.

May 24
Condo sales for May are up 23% over last year.

May 23
25% of Friday's SFH sales were sold in a cumulative days on market(CDOM) of 7 days or less. The median CDOM of all homes sold was 23.

May 23
Single family homes sold at list price or higher yesterday in Sundance(2), Charleswood, Kingsland, Rosscarrock, New Brighton, McKenzie Towne, Tuscany.

May 23
For the first time in two years, there is a good probability that for May, we will reach 1500 SFH sales in one month. The last time that mark was reached was in June 2007 when there were 1757 sales.

May 22
Where are prices headed? Take My Online Poll.

May 22
Over the past 3 days, single family homes have sold at list price or higher in Coventry Hills, Chaparral, Evergreen, Mt Pleasant, McKenzie Towne, Ranchlands, Copperfield.

May 22
33% of the "New" listings yesterday were actually "Old" listings. They were previously on the market, but had expired and were relisted with a new MLS number.

May 21
27% of the single family homes which were listed in the past 30 days already have a sale or conditional sale. Last year was 13%. Last month(April) was 20%.

May 21
The SFH median price is down 8% compared to May 2008, but has risen by 3% since Jan.

May 20
Do you think inflation will make real estate an attractive investment? Check out the new Blog post.

May 20
Single family home sales in May are up 12% compared to last year. Condo sales are up 24%.

May 20
There is a 54-day supply of homes for sale under $400,000. When it drops to a 51-day supply, it's officially considered a seller's market.

May 20
Over the past 3 days, single family homes have sold at list price or higher in the following communities: Rundle(2), Copperfield, Cougar Ridge, Abbeydale, Huntington Hills.

May 19
There are 4302 fewer homes(SFH and condos) for sale this May compared to last year. That's a drop in inventory of 41%.

May 17
Did you realize that for homes listed this year, recent sales indicate the median time to sell is a very quick 21 days? Did you know there was a "Hidden Market?" Read all about it on My Blog.

May 17
Yesterday, single family homes sold at list price or higher in Shawnessy, Huntington Hills, Royal Oak, Copperfield, and Edgemont.

May 17
Over the past week, 25 single family homes sold or conditionally sold during their first 2 days on the market.

May 16
Over the past 3 days, single family homes have sold at list price or higher in the following communities: Huntington Hills(2), Ranchlands, Copperfield, Evergreen, Evanston, Shawnessy, Coventry Hills, Panorama Hills, Citadel.

May 16
For the first 15 days of May, single family home sales are up 13% compared to last year. Condo sales are up 30%.

May 15
There's an 87-day supply of single family homes on the market. Last year in May, it was a 156-day supply. For the price range below $400,000, there is a 58 day supply(bordering on a seller's market). The Absorption Rate by Price Range page has been updated.

May 13
Single family homes sold at list price or higher yesterday in the following communities: Coventry Hills(2), Copperfield, Acadia, Glendale, Lake Bonavista, Midnapore, and Royal Oak. 14% of total sales were at list price or higher.

May 12
Over the past 3 days, single family homes have sold over list price in Springbank Hill(2), Chaparral, Taradale, McKenzie Towne, and Acadia.

May 12
Over the past week, there was an average of 63 price reductions per day. Last year's number was 148.

May 12
24% of the homes listed in the past 30 days are sold or conditionally sold. Last year it was 14%.

May 12
Over the past 30 days, single family home sales are down 1% compared to last year. Condo sales are up 20%.

May 10
Over the past month, 213 single family homes have sold within their first 7 days on the market. The average price was $411,669.

May 9
Yesterday, single family homes sold at list price or higher in Silver Springs, West Springs, Panorama Hills, and West Hillhurst.

May 8
May sales of condos are up 41% compared to last year. Single family home sales are up 1%.

May 8
Will May sales be higher than last year? Take My Online Poll

May 7
For the first six days of May, 10% of single family homes have sold at list price or higher. Last year, it was 5%.

May 4
Over the past 30 days, sales of single family homes under $400,000 are 22% higher than last year. 742 sales this year compared to 609 in 2008.

May 2
"Calgary's real estate market appears to be stirring back to life." Read more in the Sun Real estate market revived

May 2
What will happen to house prices in May? A new question has been posted Take My Online Poll

May 1
The Calgary Herald has already done a story on the April stats: Calgary resale housing market rebounded in April

May 1
86% of respondents to my online poll predicted that SFH sales in April would be more than 5% lower than last year. Congratulations to the 11% who guessed the correct answer, that sales would be about the same as last year within 5%.

April 2009 stats summary:

The median price of single family homes(SFH) at $380,000 is up $5,000 or 1.3% from Mar.  It's down 9.5% from Apr 2008 when it was $420,000.

The SFH average price at $426,311 is up $5,958 or 1.4% compared to Mar. It's down 10.2% from Apr 2008 when it was $474,564.

SFH sales price per sq ft at $272 was down $1, or .4% compared to Mar. 

Sales of single family homes were down 5% compared to Apr 2008. Year-to-date sales are down 26%.

Sales of homes under $400,000 were 26% higher than last year.

Sales of homes over $600,000 were 25% lower than last year.

SFH Inventory on Apr 30 was 4130, which is 40% lower than last year. 

New listings at 2011 were down 40% compared to last year.

The absorption rate of 3.2 means that we have a 3.2 month supply of homes on the market. This is considered a balanced market, favouring neither the buyer or seller. Last year, there was a 5.1 month supply. For homes under $400,000, there is a 2.1 month supply. You can see the absorption rate by price range here.

Days on Market(DOM) increased from 48 in Mar to 52 in Apr. Last year, it was 40.

23 homes sold for $1 million or more. Last year, there were 42.

Price reductions are down 61% compared to last year. We've averaged 65 price reductions per day over the past week. Last year was 166.

20% of the homes listed in April already have a sale or a conditional sale. Last year, it was 14%.

The median price of condos at $251,000 is down $9,000 or 3.5% from Mar. It's down 13.5% compared to last year.

Condo sales at 579 were almost the same as last year in April when there were 581.

Apr 29
Sales off SFH in April are down 25% compared to the long-term average. Listings are down 20%.

Apr 29
Condo sales, after being down 50% in January, have rebounded and are now the same as they were last year in April. The condo median price is down 13%.

Apr 29
The Teranet House Price Index shows Calgary prices to the end of Feb are down 8% compared to last year, and down 12% compared to the peak in Aug 2007. Housepriceindex

Apr 28
There are 40% fewer unoccupied homes on the market this year. In April 2008, there were 2969 unoccupied homes for sale. This year, there are 1784.

Apr 26
For single family homes(SFH) priced at $400,000 or less, Calgary is down to a 2.3 month supply. 27% of homes in this price range are being sold or conditionally sold in their first month on the market. They sell in an average CDOM(cumulative days on the market) of 57.

Apr 26
For SFH priced over $600,000, there is an 8.5 month supply of homes on the market. CDOM is 121.

Apr 26
April sales of single family homes are down 10% compared to last year. Condo sales are down 4%.

Apr 25
The SFH absorption rate today, at 3.5, signifies a balanced market in Calgary for the first time in 21 months. It has been a buyer's market since August 2007.

Apr 25
The sales-to-new-listings ratio at 66% is the highest since March 2007.

Apr 22
The highest price of the year was paid for a property today. A home in Mount Royal sold for $4.3 million. Year-to-date, million dollar sales are down 56% compared to last year. The highest price ever paid for a home in Calgary was $7.5 million. Last year, five homes sold for $4 million or more.
 
Apr 22
For the past 30 days, SFH sales are down 12% compared to last year. Condo sales are down 5%.

Apr 22
20% of the single family homes listed in the past 30 days already have a sale or a conditional sale. Last year in April, it was 14%.

Apr 20
Last year we reached 10,000 active listings in April, and they were still growing. This year, we have about 6400 listings and they are holding steady or dropping slightly. That includes both single family homes and condos.

Apr 19
Price reductions are averaging 64 per day. Last year, there were 166 per day in April. That includes both single family homes and condos.

Apr 18
There were 7 single family home sales yesterday where the sale price was equal to, or over, list price. A home in Willow Park sold for $19,100 over list price. A home in Bowness sold for $2,200 over list price.

Apr 18
From Dec to April, SFH inventory has increased 13%. Last year, it increased 105%.

Apr 17
There are 1176 fewer vacant listings on the market than last year in April.

Apr 16
Will Calgary's population increase or decrease this year? Take My Online Poll

Apr 16
The Absorption Rate by Price Range table has been updated. Single family homes under $400,000 are firmly into balanced market conditions. Homes priced $400,000 - $500,000 are moving quickly in that direction.

Apr 16
Condos priced under $300,000 are now moving into balanced market conditions. Overall, there is a 4 month supply of condos on the market. For those priced under $300,000, there is a 3.5 month supply.

Apr 16
You can now buy a single family detached home in Calgary for less than $250,000. There are 29 presently for sale. 48 have sold this year. Last year, only 43 sold in the entire year. In 2007, there were only 17 sales.

Apr 15
There is usually a significant rise in active listings in the month of April, however this year, active listings have declined.

Apr 13
Over the past 30 days, sales of single family homes sold for $300,000 or less are 159% higher than last year. For homes sold for $500,000 or higher, sales are 42% lower.

Apr 12
For single family home sales over the past three days:
- 10 have sold at list price or higher.
- 63% of homes have sold after a price reduction and/or a re-list.
- CDOM(cumulative days on the market) for homes selling without a price reduction is 18.
- Overall CDOM is 67.

Apr 11
For the first 10 days in April, sales of single family homes are down 1% compared to last year, and condo sales are down 3%. SFH new listings are down 48%, and condos are down 41%.

Apr 11
"Focus on buying a home as a place to live, not an investment. That should be a first priority, if not sole purpose in buying residential real estate.” Read more in the Herald Our home price obsession.

Apr 9
19% of the homes listed in the past 30 days already have a sale or a conditional sale. Last year in April it was 14%.

Apr 8
Will we reach a balanced market this year? A new question has been posted Take My Online Poll.

Apr 8
There is a 3.9 month supply of single family homes on the market. For homes priced under $400,000, there is only a 2.6 month supply. Above 3.5 is considered a buyer's market, below 3.5 is a balanced market. See the updated Absorption Rate by Price Range.

Apr 7
Over the past 30 days, SFH sales are down 21% compared to 2008, and new listings are down 44%.

Apr 5
A new question has been posted Take My Online Poll.

Apr 5
Over the past week, 97 single family homes have sold or conditionally sold in a CDOM(cumulative days on the market) of 7 days or less.

Apr 5
Over the past 30 days, sales of single family homes are down 23% compared to last year. Condos are down 18%.

Apr 5
Fewer homes are coming onto the market this year. Over the past 30 days, new listings of single family homes are down 45% compared to last year. Condos are down 43%.

Apr 4
There are 1642 homes for sale with a list price of $300,000 or less. Last year in April there were 3% more, at 1691.

Apr 2
From today's Herald: "There's a ton of deals out there if you keep on top of it." Read more Calgary housing market picks up as buyers tiptoe back into market.

Apr 1
Sales of single family homes were down 23% in March compared to March 2008, however, for homes selling under $400,000 the number of sales were up 10%.

Apr 1
60% of respondents to my online poll predicted the median price of SFH in March would be lower than Feb. Congratulations to the 21% who got it right by predicting it would be the same as Feb. Take My Online Poll

March 2009 stats summary:

The median price of single family homes(SFH) at $375,000 is unchanged from Feb.  It's down 10.7% from Mar 2008 when it was $420,000.

The SFH average price at $420,354 is up $4,785 or 1.2% compared to Feb. It's down 11.4% from Mar 2008 when it was $474,564.

SFH sales price per sq ft at $273 was up $1, or .4%  compared to Feb. 

Sales of single family homes were down 23% compared to Mar 2008. 

SFH Inventory on Mar 28 was 4369, which is 27% lower than last year. 

New listings at 2023 were down 42% compared to last year. March 2009 was the first time where new listings declined from Feb to March. Historically, there is a 20% increase.

The absorption rate of 4.0 means that we have a four month supply of homes on the market. You can see the absorption rate by price range here. For homes under $400,000, there is a 2.7 month supply.

Days on Market(DOM) declined from 51 in Feb to 48 in Mar. Last year, it was 40.

18 homes sold for $1 million or more. Last year, there were 38.

We've averaged 66 price reductions per day over the past week. Last year was 126.

19% of the homes listed in March already have a sale or a conditional sale. Last year, it was 14%.

The median price of condos at $260,000 is up $10,100 or from 4% from Feb.

The median price of condos is down 11.3% compared to last year.

Condo sales were down 21% compared to last year. 
 

Mar 15
With reference to my "What's New" entry of March 5 regarding absorption rates, erroneous information has been posted on this other blog Alberta Real Estate Watch, moderated by Bearclaw. He states, "The problem with the above metric is it uses the listed price of inventory and the sales price of homes that have actually sold." 

His statement is incorrect.

The absorption rate is based only on list prices, just as it clearly states on the Table. If sales prices were used, the absorption rate would be lower.

For example, for homes priced under $400,000, there is inventory of 1712. In the past thirty days, 565 sales on homes listed below $400,000 gives you an absorption rate of 3.0.

Using sales prices for homes SOLD under $400,000, there were 606 homes sold for under $400,000 giving you an absorption rate of 2.8.

I know, it's mind boggling and it's easy to see why mistakes are made.

The following correction was posted:
**March 14th Update and Correction from Alberta Real Estate Watch

'I made an assumption that the sold price was used in the above calculation which is not the case. As Bob Truman points out:

The absorption rate is based only on list prices, just as it clearly states on the Table. If sales prices were used, the absorption rate would be lower.

The stat is more accurate than I had alluded to. You know what they say about assumptions. So in this case you can disregard my "context and insight"...'


Mar 13
Fewer homes are coming on to the market this year. For the first 12 days of March, new listings are down 36% compared to last year. Sales were down 27%.

Mar 13
Max Foran, U of C culture professor and historian, in his new book Expansive Discourses: Urban Sprawl in Calgary, 1945-1978 says "To assign unscrupulousness and notoriety to all developers is as unfair and ludicrous as to ascribe inefficiency and corruption universally to the city officials with whom they had to deal." City officials and developers were both highly supportive of the blossoming of new subdivisions, the book reasons.  He credited City Hall this week with releasing the long-range development plan that tries limiting outward expansion, preventing more annexation and encouraging intensified urban developments. Read more in the Herald Few people cared about Calgary's urban sprawl during past development.

Mar 12
The average($410,000) and median($370,000) price have both dropped about $5,000 this month, but based on pending sales we should regain all that back over the next week. The average list price of pendings is at $456,320 today, and the median is $399,900. As far as sales go, pendings are 26% fewer than last year.

Mar 11
There is more evidence today that it is becoming more affordable to buy a home. New home prices are down 6.5% in Calgary. Read more in the Herald Calgary and Edmonton sees largest contractors' selling price drop.

Mar 11
If you are a regular reader here, you will know that homes priced under $400,000 are selling better than last year, while sales overall are down considerably(year-to-date SFH sales are down 38%). Over the past 30 days, sales of homes under $400,000 are 14% higher than last year. The following report which was released today confirms this trend:

The 2009 RE/MAX First-Time Buyers Report found that improved affordability is prompting many first-time buyers to get off the fence, out of the rental, and into the market. Read more in the Herald Entry level buyers now driving Calgary's home sales.

As of today, 62% of SFH sales this year have been for $400,000 or less.  Last year, 43% of SFH sales were in this range.

Mar 10
After 9 days in March, compared to the same period last year, single family home sales are down 23%. Condo sales are down 21%.

Mar 9
The city of Calgary's sweeping blueprint "Plan It" calls for a vastly upgraded transit network, more dense "urban villages" around the city and strict limits on expansion in Calgary's outskirts. Read more in the Herald Key urban plan to call for sprawl limits

Mar 9
Will we reach 1000 sales of single family homes in March? It would be the first time in six months where we've reached that target. Take My Online Poll (If sales are down 26% compared to last year, we would have 1046 sales in March)

Mar 7
SFH sales over the past 30 days are down 26% compared to last year. Sales in Feb were down 34%, and in Jan they were down 49%. 
  
Mar 7
New listings over the past 30 days are down 29% compared to last year. Year-to-date, new listings are down 31%.

Mar 7
The Sales Price/List Price ratio has now risen to 96%. It had been at 95% for a long time. This translates into an asking price of $450,000 fetching a sales price of $432,000.

Mar 7
14% of the homes listed over the past 30 days have already been sold or conditionally sold.

Mar 7
Based on pendings list prices, it looks like the sales price will drop over the next week.

Mar 5
SFH sales are down 29% over the past 30 days, but for homes priced at $400,000 or less, sales are actually 11% higher than they were last year. With an absorption rate of 3.1, homes in this price range are no longer considered to be a buyer's market but have now moved into balanced market conditions.

Mar 5
There are 1629 homes(SFH and condos) on the market with a list price of $300,000 or less. Last year, there were 1301, and in 2007 there were 509.

Mar 5
Over the past 30 days, new listings of SFH are 30% fewer than last year. Condo listings are down 28%.

Mar 5
For the period Jan 1 - Feb 28, here are the declines in Sales Price per Sq Ft for various areas of Calgary compared to the same period last year:
Inner City: -13.1%
NW suburbia: -11.5%
NE suburbia: -16.3%
SW suburbia: -10.4%
SE suburbia: -10.6%
Tuscany: -10.9%
Rundle: -22.4%

The above numbers are based on 2-storey homes.

Mar 4
What will happen to prices in March? A new question has been posted Take My Online Poll

Mar 4
There is a 4.8 month supply of single family homes on the market. Last week it was 5.3, on Jan 31 it was 7.4, and on Dec 31 it was 8.6. For homes priced under $400,000, there is a 3.1 months supply. 

Mar 4
An RBC survey finds that within the next two years, 38% of renters plan on buying a house, and 35% of Albertans plan on purchasing. Read more in the Herald Home buying in Canada expected to increase: survey.

Mar 4
53% of respondents to my online poll incorrectly predicted the median price in Feb would be lower than it was in Jan. 23% correctly predicted the price would be higher.

Mar 4
A Calgary consultant says frozen credit markets south of the border are the most likely reason that Three Sisters Mountain Village went into receivership. Read more in the Calgary Sun Three Sisters hangs on.

Mar 3
Here's a simplified, easy-to-understand version of the crisis in the U.S.The crisis of credit visualized

Mar 3
Bank of Canada cuts key lending rate to .50% Bank of Montreal and Royal Bank of Canada were the first commercial banks to follow the Bank of Canada's move, cutting their prime lending rates by 50 basis points to 2.50% from 3.00%. If you have a variable rate mortage at prime minus .75, your interest rate will now be 1.75%.

Mar 3
Here's the Calgary Herald's take on the Feb numbers Calgary housing resales pick up in February.

Mar 3
Three Sisters Mountain Village, the Canmore resort specializing in high-end properties, is in receivership. Read more in the Herald Canmore megaproject developer in receivership

Mar 1
Did you see the recent article in Maclean's about the real estate market? Please read this blog post from my colleague Mike Fotiou Taken out of context.
 

February stats summary:

The median price of single family homes(SFH) at $375,000 is up $300 or .1% from Jan.  It's down 12.4% from Feb 2008 when it was $428,000.

The SFH average price at $415,568 is up .6% compared to Jan. It's down 11.8% from Feb 2008 when it was $471,696.

SFH sales price per sq ft at $272 was up 1% compared to Jan. 

Sales of single family homes were down 34% compared to Feb 2008. 

SFH Inventory on Feb 28 was 4352, which is 13% lower than last year. 

New listings at 2057 were down 31% compared to last year.

The absorption rate of 5.3 means that we have a five month supply of homes on the market. You can see the absorption rate by price range here.

Days on Market(DOM) declined from 62 in Jan to 51 in Feb. Last year, it was 39.

15 homes sold for $1 million or more. Last year, there were 21.

We've averaged 78 price reductions per day over the past week.

The median price of condos at $249,900 is up $6,900 or 2.8% from Jan.

Feb 25
The Teranet - National Bank House Price Index shows Calgary prices have declined 7.6% year-over-year to the end of December. Teranet House Price Index. The Teranet index also shows that home prices in Calgary have increased 59% since June 2005.

MLS numbers(Old Criteria) show the Calgary price declined 8.6% in December compared to Dec 2007.

Feb 25
Sales of homes(SFH) over $1 million are down 56% compared to Feb last year. Sales of homes under $400,000 are up 5%.

Feb 25
Sales of condos under $250,000 are up 45% compared to Feb last year. For condos priced over $250,000, sales are down 60%.

Feb 25
We're averaging 75 price reductions per day over the past week.

Feb 25
There's a definite trend towards improving SFH sales. Jan sales were down 49% compared to last year. The first week in Feb, sales were down 33%. Over the past week, sales were down 21%.

Feb 25
Some interesting Online Poll results: 50% of respondents are surprised that the median price has risen this month. 51% believe the median price at the end of Feb will be lower than January.

Feb 24
New listings have been declining for six consecutive months, but this month is the first time that inventory is lower than it was the previous year. It's been 30 months since we've seen a year-over-year decline in active listings. Take My Online Poll

Feb 24
The percentage of active listings sitting vacant is lower than last year. For SFH, 28% are listed as unoccupied while last year it was 30%. Condos have declined from 39% to 36%.

Feb 24
13% of the homes listed in the past 30 days already have been sold or are conditionally sold.

Feb 24
The SFH absorption rate continues to drop. Today it is at 5.3, which means we have a five month supply of homes on the market and is considered a buyer's market. Last week it was 5.6, on Jan 31 it was 7.4 and on Dec 31 it was 8.6. The absorption rate for homes listed under $400,000 is at 3.4, which is now entering balanced market conditions.

Feb 24
Sales in Feb for SFH priced under $400,000 are 1% higher than last year. Overall sales of SFH are down 33% compared to last year.

Feb 24
Compared to last year, the price of a 2-storey home has declined 10.5%. Here's a breakdown of the Sales Price per Square Foot for two-storey homes over the past 13 months:

Feb          $247
Jan           $243
Dec          $243
Nov          $250
Oct           $262
Sep          $259
Aug          $264
July          $264
June         $273
May          $268
April         $276
March       $277
Feb           $276

Feb 20
CMHC predicts prices will decrease 6.2% this year, but increase 2.6% next year. Read more in the Herald Calgary housing market will rebound in 2010:CMHC

Feb 18
President Barack Obama on Wednesday pledged up to $275 billion to help stem a wave of home foreclosures  Obama unveils plan for troubled housing market.

Feb 17
It's been a fabulous winter on the cross country ski trails. One thousand K

Feb 17
"I would not be surprised to see the better part of 25 to 30 per cent of them leave the business . . . simply because they never should have been in the business anyways." Read more in the Herald Calgary realtors leaving the business amidst housing slump.

Feb 17
Are you surprised that median prices have risen this month? Two new questions have been posted Take My Online Poll.

Feb 14
We're averaging 68 price reductions per day over the past week.

Feb 13
SFH new listings are down 28% compared to Feb 2008. Sales are down 34%.

Feb 13
The SFH absorption rate continues to drop. Today it is at 5.6, which means we have just under a six month supply of homes on the market and is considered a buyer's market. Last week it was 6.5, on Jan 31 it was 7.4 and on Dec 31 it was 8.6.

Feb 11
There is almost a four month supply of single family homes priced under $400,000. For homes priced over $800,000 there is a 23 month supply. See the entire table of Absorption Rate by Price Range.

Feb 11
There's quite a discrepancy  between my stats and the number of unoccupied condos reported by CMHC. In a story in the Herald today, CMHC reports "8.1 per cent of condos on the resale market were new and vacant." Today's MLS numbers show 37% of condo inventory is new or vacant. You can read the story in the Herald Vacant condos create unease in  Calgary market. I've kept records of unoccupied listings for two years here Vacant Listings. Last year, 40% of condo inventory was vacant.

Feb 11
For the first 10 days of Feb, single family homes sales are down 35% compared to last year. Condo sales are down 28%.

If you are a cross-country skier, and are looking for the best snow and trail conditions, check out my blog Ski Here

Feb 20
CMHC predicts the average sale price in 2009 will dip by 6.2 per cent to $380,000. However, the CMHC forecast said MLS sales will increase by 10 per cent in 2010 from the year before to 22,000 units and the average sale price will also rise by 2.6 per cent next year to $390,000. Read more in the Herald Calgary housing market will rebound in 2010.

Feb 10 Good News
During the week of Jan 22 - 28, 2009, 92% of the pending sales became firm sales. Compare that to the week of Oct 10 - 16 when only 72% of pendings became firm sales. Very few sales are falling through because of financing problems.

Are people still looking for places to live in Calgary? I recently helped a couple with the purchase of their move-up home. When they placed an ad on Feb 4 to rent their present house, they received 25 calls in the first day. They are also receiving a rental amount which covers their carrying costs.
Feb 9
The 30-day median price of condos has risen $8,000 since Jan 31. Average price and sales price per sq ft is also up.

Feb 9
Sales of condos in Feb are down 42% compared to last year.

Feb 9
Fewer condos are coming on the market this year. New listings in Feb are down 31% compared to to last year.

Feb 9
There's a 5 month supply of homes for sale in the $300,000 - $400,000 price range. For homes priced over $800,000 there's a 26 month supply. See the entire table Absorption Rate by Price Range

Feb 8
A new question has been posted Take My Online Poll.

Feb 8
We've averaged 65 price reductions per day over the past week.
Feb 7
Jay Westman, CEO of Jayman MasterBuilt says in today's Herald, "For the next six months, smart buyers will be able to take advantage of a choice-and-price window that is standing wide open. Builders are motivated to sell off excess inventory and will either write down or sell homes at cost for the next six months. Some homes today are worth as much as $100,000 less." Read more Buyers enjoy price window.

Feb 7
The SFH 30-day average price, median price, and sales price per sq ft(sp/sf) are all up slightly(less than 1%) compared to Jan month-end.

Feb 7
Sales for the first six days in Feb are down 33% compared to last year. Sales on Jan 31 were down 49% compared to Jan 2008.

Feb 7
Days on the market(DOM) have declined from 62 in Jan to 52 during the first six days of Feb.

Feb 7
Based on pending sales stats, over the next week average price should fall slightly, median price should rise, and sp/sf should rise. Today, the 30-day numbers are: average price $415,221. Median price $375,264. SP/SF 271.

Feb 7
SFH new listings are down 21% compared to Feb 2008.

Feb 7
The absorption rate today is 6.5. That's down from 7.4 on Jan 31, and 8.6 on Dec 31. This means there is a 6 month supply of homes on the market. Last year in Feb, the absorption rate was 4.0.

Feb 7
15% of the homes listed since Jan 1 already have a sale or a conditional sale.

Feb 3
No matter how you look at it Calgary's resale housing market took a beating in January compared with a year ago. Read more in the Herald Calgary's MLS sales take nosedive

January stats summary:

The median price of single family homes(SFH) at $374,850 is down $5,150 or 1.4% from Dec.  It's down 8.6% from Jan 2008 when it was $410,000.

The SFH average price at $413,049 is down 1% compared to Dec. It's down 9.3% from Jan 2008 when it was 455,297.

SFH sales price per sq ft at $269 was down 1% compared to Dec. 

Sales of single family homes were down 49% compared to Jan 2008. 

SFH Inventory on Jan 31 was 4040, which is 1.1% higher than last year. 

New listings at 2068 were down 32% compared to last year.

The absorption rate of 7.4 means that we have a seven month supply of homes on the market.

Six homes sold for $1 million or more. Last year there were 23.

Jan 30
There are 1560 homes on the market with a list price of $300,000 or less. In Jan 2008, there were 961.

Jan 29
Four single family homes have sold for more than $1 million in January. In Jan 2008, there were 23.

Jan 29
There have been 879, or 32%, fewer new listings of single family homes in January compared to 2008. Sales are down by 52%.

Jan 29
11% of the homes listed in January have a sale or a conditional sale.

Jan 29
There are fewer unoccupied homes this year compared to Jan 2008. 31% of SFH inventory is vacant or brand new. Last year it was 33%. Condos 38% this year compared to 41% last year.

Jan 29
Here's a breakdown of the Sales Price per Square Foot for two-storey homes over the past 14 months:

Jan           $243
Dec          $243
Nov          $250
Oct           $262
Sep          $259
Aug          $264
July          $264
June         $273
May          $268
April         $276
March       $277
Feb           $276
Jan            $272
Dec           $264

Jan 28
The Teranet-National Bank House Price Index  as at Nov 30, 2008 shows Calgary home prices down 7.66% year over year.

Jan 28
We're averaging 54 price reductions per day over the past week.

Jan 28
A new question has been posted Take My Online Poll.

Jan 28
In Canada, on average, citizens require 3.5 years of annual income to purchase a home. In Calgary, it would take 4.8 years. The least affordable markets in Canada were Vancouver(8.4),followed by Victoria (7.4),Kelowna (6.8) and Abbotsford (6.5). Read more in the Herald Calgary homes rated seriously unaffordable.

Jan 26
It looks like sales in January will be down about 55% compared to Jan last year. We will probably end the month with just a few more sales than December's pitiful total. Prices have not changed much from December, but the pending sales foretell a considerable drop over the coming week.

Jan 24
The new president of the Calgary Real estate Board, Bonnie Wegerich, says the time is now for buyers who have been waiting for the right time to buy. She sees a pent-up demand from local buyers who have been waiting for the best moment. Read more in the Herald Better for Buyers.

Jan 24
Real estate author Garth Turner: "the momentum of the market right now is quite negative." Read more in the Herald House prices set for 2% slide

Jan 21
The average MLS sale price for a single-family home in the city will drop by 2 per cent this year while for condos it will decrease by 5 per cent, says the Calgary Real Estate Board in its annual forecast released today. The average MLS sale price is expected to fall to $451,120 for the entire year of sales in 2009 compared with $460,327 in 2008. The average sale price for a condo is expected to drop to $287,300 compared with $302,408 the previous year. Read more in the Calgary Herald Calgary's MLS sales price to drop 2% for homes, 5% for condos.

Jan 15
The highest price paid for a home this year is $900,000. Last year, there were 23 sales for over a million dollars in January.

Jan 15
Sales of SFH are down 64% compared to 2008.

Jan 1
The median price of single family homes(SFH) in Dec at $380,000 is down $7,300 or 1.9% from Nov.  It's down 6.6% from Dec 2007 when it was $406,788.

Jan 1
The SFH average price in Dec at $417,398 is down 4.2% compared to Nov. It's down 6.6% from Dec 2007 when it was 444,769.

Jan 1
The year-to-date SFH average price is down 2.5% and the median is down 2.9%.

Jan 1
SFH sales price per sq ft at $272 was down 10% compared to Dec 2007.

Jan 1
Sales of single family homes were down 47% compared to Dec 2007. Year-to-date sales are down 27%.

Jan 1
SFH Inventory on Dec 31 was 3860, which is 14.7% higher than last year.

Jan 1
The absorption rate of 8.6 means that we have almost a nine month supply of homes on the market.

Jan 1
Two new questions have been posted Take My Online Poll

Jan 1
9% of the SFH listed in Dec already have a sale or a conditional sale.

Jan 1
The number of SFH on the market for under $300,000 has almost tripled in the past year. There are 1377 homes(SFH & condo) for sale with a list price of $300,000 or less(last year there were 774 on Jan 1). 330 of those are single family homes(last year 119).

Jan 1
We've averaged 17 price reductions per day over the past week.

Jan 1
Condo median price was down 11.2% compared to Dec 2007. Year-to-date median was down 5.3%.

Jan 1
Condo sales were down 48% compared to Dec 2007. Year-to-date sales were down 31%.

Jan 1
Condo inventory on Dec 31 was 1863 which is 21.4% higher than last year.

2008

Dec 28
The median price of single family homes, at $380,000, is the same as it was in Jan 2007.

Dec 28
There are fewer vacant homes on the market this year. 32% of the single family homes are unoccupied; last year it was 37%. For condos, this year it's 39%; last year was 43%.

Dec 28
Benjamin Tal, chief economist at CIBC World Markets expects national house prices to drop about 10 per cent in the next 12 months as the recession deepens in Canada. He said prices will drop the most in Western Canada, because that is where they had the biggest run up in the housing boom, which has lasted nearly a decade. Prices to decline in '09

Dec 22
Price reductions are down dramatically this month, as they always are in December. We've averaged 35 price reductions per day over the past week. During the last week of Nov, we were at 74, and in the last week of May it was 153.

Dec 22
25% of today's inventory(SFH & condo) is priced below $300,000. Back on Mar 2, 2008, only 15% of the inventory was under that price. Inventory is down 36% from its peak of 10,407 in May. There are 6713 homes on the market today.

Dec 22
Here's an excellent article by Ezra Levant on the implications of low oil prices Oil and the recession. "we're better off than just about anyone else in the G7 -- we've paid down debt, and we've already engaged in an enormous stimulus program: a massive tax cut that is already working its way through the economy. But my point today isn't about Canada's relative strength, even as an oil-exporting country in an era of falling oil prices. My point is about how the tumbling price of oil will affect our international enemies -- especially Iran, Venezuela and Russia."

Dec 16
The U.S. Federal Reserve on Tuesday cut its target for overnight interest rates to zero to 0.25 percent, bringing it closer to unconventional action to lift the economy out of a year-long recession. Read more in the Herald U.S. Feds cut interest rate.

Dec 16
As of Dec 15, The 30-day median price of single family homes is down 5.4% compared to Dec 2007, and the average price is down 3%.

Dec 12
Are there opportunities in the economic slowdown? The upside of the downslide

Dec 8
After one week, December sales of SFH are down 47% compared to 2007.

Dec 8
Alberta's housing conditions have softened since prices peaked in 2007, with declining prices restoring some of the affordability lost during the boom, according to the latest housing report released today by RBC Economics. Read more in the Herald Alberta housing more affordable, remains overvalued.

Dec 3
Canada now has an equivalent of the U.S. “Case-Shiller” House Price Index. It is two months behind, but shows Calgary prices are down 6.98% compared to Sept last year. There are a total of six cities in the index. http://www.housepriceindex.ca/Default.aspx

Dec 3
November Stats Update

Sales in November were down 39% compared to Nov 2007. Year-to-date sales are down 26%.

The median price in Nov at $387,300 is down $2,700 or .7% from Oct.  It's down 5% from Nov 2007 when it was $407,500.

The average price in Nov at $435,471 is down 5.8% compared to Nov 2007 when it was $462,134.

The year-to-date average price is down 2.5% and the median is down 2.8%.

Sales price per sq ft at $281 is down 3.1% from Oct's $290, and down 10.2% from Nov 2007.

Inventory on Nov 30 was 5083. That's down 8% from Oct. Down 28% from the high in May when it was 7099, and is 2% higher than it was last year. 

The absorption rate in Nov was 7.6 . The absorption rate varies dramatically from area to area in Calgary. Absorption rate tells you how many months it will take to sell the inventory. A rate of 7.6 is considered a buyer's market. 

Average days on the market(DOM) in Nov was 55.  It was 46 last year. 

We've averaged 74 price reductions per day for the last week in Nov. Last month it was 102, and in the last week of May it was 153. 

2.2%, or 15 of November's sales were for $1 million or more. Last year, it was 2.4%, or 26.

10% of the homes listed in Nov have a sale or a conditional sale.

Nov 27
Update on the Side by Side duplex in Killarney:
Do you remember the blog topic from Oct 24, "How long will it take to sell?"  Well, it sold in 34 days(average for Killarney is 106 days) and sold for $100 OVER list price. There were a number of predictions made on when it would sell, and for how much. Congratulations to Radley77 and JMurphy for making the most accurate predictions. My Blog is temporarily open for comments.

We seldom advertise our listings on the blog. It occurred twice this year, and both times the property sold quickly. Thanks to everyone for spreading the word!

If you want realistic pricing and second-to-none marketing and exposure, call Kendall Curle or myself for an evaluation. 403-650-2514 or email bobtruman@shaw.ca

Nov 22
The fact that so many Canadians still want to buy a home proves that real estate is still considered a solid investment and that home ownership is still in the plans for many Canadians says Don Peard, vice-president of mortgage specialists with the Royal Bank. Read more in the Herald Homebuying intentions holding steady.

Nov 18
23% of today's inventory is priced below $300,000. Back on Mar 2, 2008, only 15% of the inventory was under that price.

Nov 15
The 30-day median price is down 4.4% compared to Nov 2007.  

Nov 15
Single family home sales for Nov 1 - 14 are down 31% compared to the same period last year.

Nov 13
We've averaged 95 price reductions per day over the past week.

Nov 11
The average price of a home sold in Canada will fall this year for the first time in a decade and might not even recover by 2010, the Canadian Real Estate Association said Monday. The Ottawa-based group, which represents 100 boards across the country, updated its forecast in light of new economic conditions and now expects home prices to drop 0.6 per cent this year and 2.1 per cent next year. Three months ago the group was forecasting price increases for this year and next year. House prices expected to fall for at least a year. See other Predictions for 2008.

Nov 3
The Calgary Herald's story on the October stats Calgary house sales plunge in October.

October Stats Update

Sales in October were down 26% compared to Oct 2007. Year-to-date sales are down 25%.

The median price in Oct at $390,000 is down $5,000 or 1.3% from Sep.  It's down 5.5% from Oct 2007 when it was $412,500.

The average price in Oct at $449,100 is up $5,052 or 1.1% from Sep. It's down .74% compared to Oct 2007.

The year-to-date average price is down 2.3% and the median is down 3.1%.

Sales price per sq ft at $290 is down 1.7% from Oct's $295, and down 4.6% from Oct 2007.

Inventory on Oct 31 was 5522. That's up 2.5% from Sep. Down 22% from the high in May when it was 7099, and is .1% higher than it was last year. 

We've averaged 102 price reductions per day for the last week in Oct. Last month it was 114, and in the last week of May it was 153. 

The absorption rate in Oct was 6.9. The absorption rate varies dramatically from area to area in Calgary. Absorption rate tells you how many months it will take to sell the inventory. A rate of 6.9 is considered a buyer's market. 

Average days on the market(DOM) in Oct was 48, three days less than Sep.  It was 40 last year. 

2.4%, or 20 of October's sales were for $1 million or more. Last year, it was 1.6%, or 18.

9% of the homes listed in October have a sale or a conditional sale.

Condo median and average price rose slightly in Oct over Sep. Condo median price is down 7.3% compared to Oct 2007. Condo sales were down 20% compared to Sep. Year-to-date condo sales are down 30%.

Oct 30
The Truman Index for Oct 22 - 28 is at 95.5. That means 95.5% of homes are selling for more than the previous purchase price. 
Previous weeks:
Oct 15 - 21   92.5
Oct 8 - 14     93.7
Oct 1 - 7       95.8
Sep 24 - 30  94.1
Sep 16 - 22  95.3

Oct 18
22% of today's inventory is priced below $300,000. Back on Mar 2, 2008, only 15% of the inventory was under that price.

Oct 18
There are about 2,900 detached homes under construction right now, a drop of 49 per cent from about 5,800 in 2007. At the same time, there are 660 new homes complete but unoccupied (spec homes and show homes) compared with 410 at this time last year. Read more in the Herald Builders crossing fingers as resale supply declines
 

September numbers with last month in brackets:
 Median price $$396,450($398,000)
 Average price $444,232($440,625)
 Inventory 5700(5539)
 Absorption rate 4.9(5.1)

The absorption rate is the number of months it would take to sell today's inventory.

The median price is down 5.7% compared to last year.

Sep 19
A new question has been posted Take My Online Poll

Sep 19
There's a huge rally on the stock markets today with the news that the U.S. is going to take all the bad stuff off the balance sheets of the banks along with a 10-day ban on short-selling.  The Treasury Department has asked Congress to give it sweeping power to buy up toxic debt that has unhinged Wall Street. Bold moves needed for financial crisis
Stocks rocket on bailout moves

From the Calgary Herald Toxic debt plan and short-selling curbs lifts markets

 Aug 19
We're averaging 97 price reductions per day over the past week. That's down from 115 in July. Includes SFH and condos.

Aug 19
Here's a breakdown of the Sales Price per Square Foot for two-storey homes over the past 9 months:
Aug          $264
July          $264
June         $273
May          $268
April         $276
March       $277
Feb           $276
Jan            $272
Dec           $264
Compared to Aug 2007, the SP/SF has declined 8.3%. The price in Aug 2007 was $288.

 Aug 19
A senior economist with Scotia Economics says Calgary is a "good way" through the housing market adjustment and now we're heading back toward a balanced market. Read more in the HeraldHousing market dodging worst of U.S. meltdown

Aug 17
96% of homes in Calgary are selling for more than their previous purchase price. See Truman index. For homes purchased in 2007, only 44% are selling for more.

Aug 17
It's amazing what the sale of a few million dollar homes will do to the average price. The August SFH avg has risen $7,200 to $441,515 in the past five days. Meanwhile, the median price remains unchanged at $400,000. Sales of million dollar homes are down considerably compared to last year. Total of 38 in Aug 2007 compared to 11 so far this month.

Aug 16
From today's Globe & Mail: "Even if the boom is over, there's no national bust in sight. Without the severe financial excesses and fraud that devastated the U. S. mortgage market, undermined that country's banking system and brought soaring numbers of home foreclosures, Canada simply doesn't have the conditions to trigger a housing collapse." Read more Heading for a soft landing.

Aug 15
Housing starts in Alberta are forecast to plunge this year compared with 2007 while the average price of a resale home is expected to increase slightly after two straight years of solid gains, says a report released today by Canada Mortgage and Housing Corporation. The corporation's third quarter Housing Market Outlook said "Alberta continues to experience very low unemployment and overall prosperity. Following exceptional 30.7 per cent and 24.8 per cent gains in 2006 and 2007 respectively, growth in the average MLS price is expected to slow to 1.1 per cent in 2008 and 2.8 per cent in 2009. Read more Housing starts in Alberta expected to plunge.

Aug 15
Front page story in the Herald today: Calgary home prices fall 8%

Aug 14
Editorial in today's Herald:  Alberta still has everything going for it. It does not have to deal with the issues facing Central Canada's manufacturing sector and, thanks to superior lending controls, Canada as a whole is not facing a U.S.-style housing crash. Alberta is in the fortunate position of selling what the world wants. Read more City's economic future bright.

Aug 14
Nearly one-quarter of Canadians do not agree with the federal government's mortgage lending crackdown, a proportion that rises to nearly a third among non-homeowners. Many Canadians oppose tougher mortgage rules. You can vote here My Online Poll.

Aug 12
Once again the month has begun with people buying smaller homes. At first glance it looks like a drastic drop in average price of 5% this month from $456,380 down to $434,315, but the reality is that the price per sq ft has dropped barely at all at 1%.

Aug 12
Sales of homes priced at $1 million or higher are way down this month. Only 7 SFH have sold for over $1 million this year. In Aug 2007, there were 23 sales in the first 11 days of the month.

Aug 12
Based on sales that are in the pipeline, you can expect the average price to rise over the next week. There are 343 pending sales with an average list price of $477,982.

Aug 12
The flattening of new house prices and reduction in resale prices presents improving fundamentals for consumers who are interested in buying a new home.  Read the full story in the Calgary Herald New home prices flat amid glut of listings.

Aug 12
Even if the boom is over, there's no national bust in sight. Without the severe financial excesses and fraud that devastated the U.S. mortgage market, undermined that country's banking system and brought soaring numbers of home foreclosures, Canada simply doesn't have the conditions to trigger a housing collapse. Read more in the Herald Real estate collapse unlikely

Aug 10
7% of the single family home inventory is brand new. 8% of condos.

Aug 9
Sales volume of single family homes in August is 3% HIGHER than for the same period last year. Sales have been down every month in 2008 with the biggest drop in March at 38%. July sales were down 12%.

Aug 8
Is it true that some homes are selling for lower prices than they were purchased for? Take a look at the Truman Index on My Blog. 

Aug 8
Do you make a habit of reading the real estate blogs? There's a new question for you on My Online Poll.

Aug 7
Alberta's forecast $4.2-billion addition to its output in 2008 will be larger than any other Canadian province. Read the full story in the Calgary Herald Western provinces lead nation in economic growth.

Aug 2
Lindsay Kendall, a market analyst with Canada Mortgage and Housing Corp. in Calgary, believes prices will drift sideways over the remainder of the year, although there will likely be ups and downs along the way. Read more in the Calgary Herald Silver lining seen as house prices fall.

Aug 2
David Parker of the Calgary Herald says, "With so many houses on the market today, it's a great time to buy, but there is much to consider before making a decision -- and location is perhaps the most important." Read more Proximity to work, school, shops is key for buyers.

Aug 2
The Year-To-Date Prices(includes SFH sales between Jan 1 - July 31)
Average price:
2008: $469,980
2007: $475,192
Aug 1
Remember, the most popular phrase used when real estate is discussed is, "If only I knew then what I know now."One day, these will be the good old days. Read the full story in the Calgary Sun No guarantees in Calgary housing market. It goes on to say, "The investor groups and one-shot speculators are starting to circle the market, looking for good houses and good deals."

Aug 1
Single family home sales in July were down 12% compared to 2007. This has shown a steady improvement for the past two months. To the end of May, sales for 2007 were down 34%. June sales were 18% below June 2007.

Aug 1
The median price in July at $408,500 is up $500 from June.  It's down 6.1% from July 2007 when it was $435,000.

Aug 1
The average price in July at $456,380 is down $17,433 or 3.7% from June. It's down 9.8% compared to July 2007.

Aug 1
Sales price per sq ft at $298 is down 3.6% from June, and down 9.7% from July 2007.

Aug 1
Inventory on July 31 was 6039. That's down 7.7% from June. Down 15% from the high in May. It's 34% higher than it was last year.

Aug 1
We've averaged 96 price reductions per day for the last week in July. This is dropping steadily. In the last week of May it was 153.

Aug 1
The absorption rate in July was the same as June at 4.6. That's down from the high in May at 5.2.That's still considered a buyer's market. As you can see, however, from my previous blog topic, the absorption rate varies dramatically from area to area in Calgary. Absorption rate tells you how long it will take to sell the inventory.

Aug 1
When you exclude million dollar sales, the average price in July is actually higher than it was in June. 2.2%, or 30  of July's sales were for $1 million or more. Last year, it was 3.9%, or 59.

Aug 1
Average days on the market(DOM) in July was 52 compared to 46 in June, and 35 last year. 

Jul 29
If you have a sense of humour, you can vote on the new question posted at My Online Poll.

Jul 29
There are 1028 single family home listings priced at $350,000 or less. In June there were 1025, April 767, March 525.

Jul 29
New listings are coming on the market at a slower rate than earlier this year. Between Jan 1 - April 30, new listings were 20% higher than last year. Since May 1, new listings are 7% lower than last year.

Jul 29
12% of the homes listed in July have a sale or a pending sale.

Jul 28
I posted a question on my online poll on July 1 asking if you thought the inventory would go down in July. The initial vote(to July 9) showed that 50% of respondents expected the active listings would drop this month. Turns out that was correct. With expiries at the end of the month, inventory will be down approximately 13% compared to the peak in May. We still have about 40% more listings than last year at this time. As I write this, there are 6395 single family homes for sale. Last year, we reached the peak inventory in September at 5562.

Jul 28
I've posted a table on my blog which shows how different the market can be in various areas of the city. For example, sales are up 8% in the deep southwest, but they are down 25% in the SW inner city. There is only 3.4 months inventory in Sundance, Midnapore, Chaparral, Cranston, and McKenzie Lake, but a 6.6 months supply in the NW inner city. See more My Blog.

Jul 26
Canmore-based Wilderness Homes by Riverdale has scored a sustainable housing coup by being recognized as the first builder in Canada to attain a platinum BuiltGreen level -- the highest level possible -- for single-family detached homes.The BuiltGreen program allows both builders and homebuyers to select different levels of sustainable and eco-friendly construction. First in Canada

Jul 26
"Our first-quarter numbers (January to March) were positive for the first time in two quarters. The second half of 2007 may have been the worst for losing people. The positive outlook for the city is attracting people from across Canada." Read more in the Herald City population growth to boost housing demand.

Jul 26
Calgary's high-end housing is still garnering plenty of consumer attention -- and that's a good thing. Read more in the Herald Luxury housing demand good sign for city.

Jul 26
The Conference Board of Canada has released it's 5 year outlook for Canada. Alberta performs superlatively in all areas:
Economic Growth - Alberta will be surpassed only by Saskatchewan in 2008 but from 2009 to 2012 Alberta will lead the nation, including Saskatchewan, by a solid percentage point
Population Growth - In 2008 Alberta will lead the nation by a full 2% at 2.5%. The closest contender is Saskatchewan at 1.4%
Unemployment Rates - No surprise here Alberta has the lowest unemployment rate in Canada and beats Ontario, Saskatchewan and B.C by a huge margin.
Personal Income per Capita - Albertans enjoy a $10,000 spread over the rest of the nation. Although they may feel that things are tough they are the richest Canadians with the best prospects

Jul 25
There's a new question on My Online Poll.

Jul 25
A year ago, Calgary's residential real estate market set a record for the highest ever monthly average sale price for single-family homes at $505,920 in July. But the market has changed. Read the full story in the Calgary Herald Calgary home prices dip $43,000 .

Jul 23
A new topic has been posted on my Blog: "Sales continue to improve."

Jul 19
We're averaging 115 price reductions per day over the past week(includes SFH and condos).

Jul 19
As predicted on July 11, the July average and median prices rose over the past week. Average is up $10,000 and the median is up $13,000. The average price is $460,171 and the median is $415,000. Both of those should fall a bit over the next 7 days.

Jul 15
The average list price of pending sales is on the rise again at $474,787. The number of pendings has increased in the past few days and is at 337. Last year in mid-July, there were 360 pending sales.

Jul 15
Single family home sales are down 13% compared to July 2007. Condo sales are down 6%. To June 30, sales of SFH were down 31% compared to last year.

Jul 15
The July average price is down $16,000 compared to June, however the median price is up $2,000. That is usually a sign that there are fewer high-priced homes selling. There were 50 homes sold in June for more than $1 million. So far in July there are 13. When you exclude sales over $1 million, the average price in July is actually higher than the average price in June.

Jul 15
The SFH median price is down 6% compared to July 2007. The average price is down 10%. July 2007 was the all-time high for the average price at $505,920.

Jul 15
There are 1862 homes(includes SFH and condos) on the market with a list price of $300,000 or less. Last year in July there were 739.

Jul 15
The Bank of Canada left its benchmark interest rate at 3 per cent and predicted raging oil and food prices would cause inflation to surge past 4 per cent by early next year. Still, the central bank said little has happened to change its longer term growth outlook. Higher prices for exports, relatively low interest rates and a “gradual recovery” in the U.S. will spark a Canadian rebound starting early next year, the Bank of Canada said. Read the full story in the Globe & Mail Bank of Canada remains on hold as inflation fears rise

Jul 12
Softening markets in Alberta and British Columbia made for the slowest pace of new home price growth in the country in nearly six years. Prices rose 4.1 per cent nationally between May 2007 and May 2008. In Calgary, the year-over-year increase was 0.6 per cent but prices declined 0.9 per cent from April to May. Read the full story in the Calgary Herald New house prices flat in cool Calgary market

Jul 11
Sales for the first 10 days of July are down 16% compared to last year. Sales between Jan 1 - June 30 were down 31% compared to 2007.

Jul 11
As predicted, the average price dropped in the first 10 days of July. Based on the pending sales, it looks like the average price over the next 7 days will rise slightly and the median will also increase. Today, the July average sales price is $449,895 and the median is $402,500.

Jul 11
The average price has dropped 5% since the end of June. A large part of that drop is because of buyers choosing smaller homes. The sales price per sq ft has only dropped 1%.

Jul 11
Tighter rules for government-backed mortgages are expected to have little impact on Calgary's real estate market once they take effect this fall, says the president of the Calgary Real Estate Board. Read more Mortgage rule change dismissed.

Jul 11
According to this article in the Calgary Sun most of the condo units under construction are two to four years away from being finished. Read more Housing "glut" only a temporary situation.

Jul 10
The pace of new home construction in the Calgary area continues to fall, according to data released Wednesday by Canada Mortgage and Housing Corp. Read more Calgary housing starts fall to lowest level since 1995.

Jul 9
Effective Oct 15, the government of Canada says, "No more 40-year mortgages." Announcement. Zero-down mortgages will no longer be available. "Today’s announcement marks a responsible and measured approach by the Government to ensure Canada’s housing market remains strong and to reduce the risk of a U.S.-style housing bubble developing in Canada.

Jul 9
Results of My Online Poll show an overwhelming majority(85%) of respondents prefer the new method of reporting the stats that CREB introduced one year ago.

Jul 8
Average price for the first 7 days of July is $461,413 which seems like a big drop from June's $473,774. The other side of the coin is that sales price per sq ft has actually risen from $309 to $313. Buyers continue to gravitate towards smaller homes.

Jul 8
We're averaging 108 price reductions per day over the past week(includes SFH and condos).

Jul 4
June may have provided the first tentative signs of positive change for single-family resale homes in Calgary this year, says an industry official. Sales reached their highest point of the year last month when 1,439 detached homes changed hands. Read more Calgary resale market seen as turning the corner.

Jul 3
I remember the outcry last year from a few people about CREB "manipulating" the data when they changed to the New Criteria for posting the stats. I thought it was an excellent idea at the time, and I still do. I've posted a question about the Old Criteria/New Criteria on my online poll.

 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 June there were 609.

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

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.