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Calgary Real Estate Board -
Calgary MLS February 2008
MLS Resale Market Picks
Up Momentum in February
Calgary MLS Sales for the month of
February 2008, show signs of increased market pace, according to figures
released by the Calgary Real Estate Board.
Single family Calgary
metro new listings added for the month of February totaled 2,981 a
decrease
of 1.4% over the 3,023 new listings added in January and an
increase of 35.1% over the 2,206 new listings added in February
2007.
Single family Calgary
metro properties changing hands in February 2008 were 1,252 which
is an increase of 15.6% over the 1,083 sales recorded in January
2008 but showing a decrease of 35.5% from the same period last
year, when the sales were 1,942.
The median price of a
single family Calgary metro home in February 2008 was $428,000 showing
a 4.9% increase over February 2007 when the median price was
$408,000 and showing a 4.4% increase from last month when the median
price was $410,000. All Calgary Metro MLS Statistics include properties
listed and sold only within Calgary's City Limits. The median
price is the best price that is midway between the least expensive
and the most expensive home sold in an area during a given period
of time. During that time, half the buyers bought homes that cost
more than the median price and half bought homes for less than the
median price.
Calgary metro
condominium new listings added in February 2008 were 1,244 showing a
increase of 39.9% from the 889 new condominium listings added
in February 2007. This is a 11.5% decrease from last month, when
the new listings added were 1,406.
Calgary metro
condominium sales in February 2008 were 562, a decrease of 37.2%
from February 2007 when 895 condominiums changed hands and a
23.8% increase from the 454 condominium sales recorded in January
2008.
The average price of a
single family Calgary metro home in February 2008 was $471,696
showing a 5.2% increase over February 2007 when the average price
was $448,557. The average price of a metro condominium was
$311,812 showing a 3.3% increase over February 2007 when the
average price was $301,812.
Calgary Single
Family (Calgary Metro):
|
February |
2008 |
2007 |
% |
|
Month End Inventory |
4,985 |
2,032 |
n/a |
|
New Listings Added |
2,981 |
2,206 |
35.13 |
|
Sales |
1,252 |
1,942 |
-35.53 |
|
Average Sale Price |
471,696 |
448,557 |
5.16 |
|
Median Price |
428,000 |
408,000 |
4.90 |
|
Sales $ / List $ % |
97.44 |
98.48 |
-1.05 |
Calgary Condominiums (Calgary
Metro):
|
February |
2008 |
2007 |
% |
|
Month End Inventory |
2,301 |
654 |
n/a |
|
New Listings Added |
1,244 |
889 |
39.93 |
|
Sales |
562 |
895 |
-37.21 |
|
Average Sale Price |
311,812 |
301.812 |
3.31 |
|
Median Price |
295,000 |
280,800 |
5.06 |
|
Sales $ / List $ % |
97.35 |
98.64 |
-1.31 |
Calgary Towns (Outside Calgary):
|
February |
2008 |
2007 |
% |
|
Month End Inventory |
2,214 |
935 |
n/a |
|
New Listings Added |
921 |
612 |
50.49 |
|
Sales |
342 |
491 |
-30.35 |
|
Average Sale Price |
382,545 |
354,882 |
7.80 |
|
Median Price |
355,000 |
336,500 |
5.50 |
|
Sales $ / List $ % |
97.29 |
98.24 |
-0.96 |
Calgary Country Residential
(Acreages):
|
February |
2008 |
2007 |
% |
|
Month End Inventory |
639 |
383 |
66.84 |
|
New Listings Added |
228 |
148 |
54.05 |
|
Sales |
57 |
64 |
-10.94 |
|
Average Sale Price |
816,982 |
786,566 |
3.87 |
|
Median Price |
769,000 |
689,900 |
11.47 |
|
Sales $ / List $ % |
94.25 |
96.21 |
-2.04 |
Calgary Rural Land:
|
February |
2008 |
2007 |
% |
|
Month End Inventory |
430 |
254 |
69.29 |
|
New Listings Added |
110 |
63 |
74.60 |
|
Sales |
17 |
24 |
-29.17 |
|
Average Sale Price |
451,559 |
554,183 |
-18.52 |
|
Median Price |
325,000 |
340,000 |
-4.41 |
|
Sales $ / List $ % |
92.72 |
92.59 |
0.14 |
Total Calgary MLS*:
|
February |
2008 |
2007 |
% |
|
Month End Inventory |
10,652 |
4,288 |
148.41 |
|
New Listings Added |
5,520 |
3,942 |
40.03 |
|
Sales |
2,236 |
3,434 |
-34.89 |
|
Average Sale Price |
425,542 |
401,916 |
5.88 |
|
Median Price |
385,000 |
365,000 |
5.48 |
|
Sales $ / List $ % |
97.20 |
98.33 |
-1.15 |
* Total MLS includes Mobile
Listings
Calgary, Alberta, Canada - February
2008
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