Calgary Real Estate
Calgary MLS News June 2007
 

 

Calgary Real Estate Board - Calgary MLS June 2007
Calgary, Alberta, Canada  July 04, 2007

Inventory Level Highest This Year

Calgary's Metro MLS month end inventory for the month of June 2007 was 5,819 showing the highest level recorded this year, according to figures released by the Calgary Real Estate Board.

Single family Calgary metro new listings added for the month of June totaled 3,315 a 20.24% increase over the 2,757 new listings added in June 2006. This is a decrease of 9.23% over the 3,652 new listings added in May 2007.

Single family Calgary metro properties changing hands in June were 1,756 an increase of 21.10% from the 1,450 recorded in June 2006 and a decrease of 12.00 from the 1,995 sales recorded last month.

The median price of a single family Calgary metro home in June 2007 was $438,000 showing a 13.53% increase over June 2006 when the median price was $385,800 and showing a 0.69% increase from last month when the median price was $435,000. All Calgary Metro MLS Statistics include properties listed and sold only within Calgary's City Limits.

The Calgary metro condominium market showed a slight decline in June with the new listings added totaling 1,252 and increase of 15.18% from June 2006 when the new listings added were 1,087. This is a 6% decrease from last month when the new listings added were 1,332. Calgary metro condominium sales in June 2007 were 793 a decrease of 9.37% from June 2006 when the sales were 875 and a 10.60% decrease from last months sales of 887.

The average price of a single family Calgary metro home in June 2007 was $496,459 and the average price of a metro condominium was $323,171.

Calgary Single Family (Calgary Metro):

June 2007 2006 %
Month End Inventory 4,443 n/a n/a
New Listings Added 3,313 2,757 20.17
Sales 1,757 1,948 -9.80
Average Sale Price 496,890 424,585 17.03
Median Price 439,000 385,800 13.79
Total Sales      
Sales $ / List $      

Calgary Condominiums (Calgary Metro):

June 2007 2006 %
Month End Inventory 1,438 n/a n/a
New Listings Added 1,253 1,087 15.27
Sales 792 875 -9.49
Average Sale Price 323,269 281,176 14.97
Median Price 304,900 259,900 17.31
Total Sales      
Sales $ / List $      

Calgary Towns (Outside Calgary):

June 2007 2006 %
Month End Inventory 1,538 n/a n/a
New Listings Added 946 679 39.32
Sales 484 526 -7.98
Average Sale Price 363,319 311,533 16.72
Median Price 344,000 286,400 20.11
Total Sales      
Sales $ / List $      

Calgary Country Residential (Acreages):

June 2007 2006 %
Month End Inventory 668 339 97.05
New Listings Added 276 192 43.75
Sales 91 113 -19.47
Average Sale Price 950,997 704,891 34.91
Median Price 825,000 580,000 42.24
Total Sales      
Sales $ / List $      

Calgary Rural Land:

June 2007 2006 %
Month End Inventory 380 257 47.86
New Listings Added 153 118 29.66
Sales 42 42 0
Average Sale Price 568,657 453,340 25.44
Median Price 381,600 325,000 17.42
Total Sales      
Sales $ / List $      

Total Calgary MLS*:

June 2007 2006 %
Month End Inventory 8,519 3,130 172.17
New Listings Added 5,973 4,865 22.77
Sales 3,189 3,526 -9.56
Average Sale Price 444,332 379,148 17.19
Median Price 388,000 335,000 15.82
Total Sales      
Sales $ / List $      

* Total MLS includes Mobile Listings

Calgary, Alberta, Canada - June 2007

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