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Calgary Real Estate Board -
Calgary MLS November 2007
MLS Sees Seasonal Slow
Down Activity
Typical season slow
down comes to MLS during the month of November 2007, according to figures
released by the Calgary Real Estate Board.
Single family Calgary
metro sales in November were 1,103 a decrease of
21.0% from the 1,397 sales recorded in November 2006 and a slight
decrease of
0.9% from the 1,113 sales recorded in October 2007.
Single family Calgary
metro new listings added for the month of November totaled 1,949 a
39.5% increase over the 1,397 new listings added in November 2006.
This is a decrease of 24.6% over the 2,586 new listings added in
October 2007.
The median price of a
single family Calgary metro home in November 2007 was $407,500 showing
a 8.7% increase over November 2006 when the median price was
$375,000 and
showing a 1.2% decrease from October 2007 when the median price was
$412,500. 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 November were 890 showing a
decrease of 26.0% from the 1,203 new listings added in October
2007. This is a 23.3% increase from the 722 new listings coming
to market in November 2006.
Calgary metro
condominium sales in November 2007 were 496 a decrease of 17.7%
from November 2006 when the sales were recorded as 603 and a
10.0% decrease from the 501 condominium sales recorded in October
2007.
The average price of a
single family Calgary metro home in November 2007 was $462,134 and
the average price of a metro condominium was $312,710.
Calgary Single
Family (Calgary Metro):
|
November |
2007 |
2006 |
% |
|
Month End Inventory |
4,984 |
n/a |
n/a |
|
New Listings Added |
1,949 |
1,629 |
19.64 |
|
Sales |
1,103 |
1,397 |
-21.05 |
|
Average Sale Price |
462,134 |
408,696 |
13.08 |
|
Median Price |
407,500 |
375,000 |
8.67 |
|
Sales $ / List $ % |
96.65 |
97.33 |
-0.70 |
Calgary Condominiums (Calgary
Metro):
|
November |
2007 |
2006 |
% |
|
Month End Inventory |
2,196 |
n/a |
n/a |
|
New Listings Added |
890 |
722 |
23.27 |
|
Sales |
496 |
603 |
-17.74 |
|
Average Sale Price |
312,710 |
282,781 |
10.58 |
|
Median Price |
285,000 |
258,000 |
10.47 |
|
Sales $ / List $ % |
96.95 |
97.47 |
-0.53 |
Calgary Towns (Outside Calgary):
|
November |
2007 |
2006 |
% |
|
Month End Inventory |
2,087 |
n/a |
n/a |
|
New Listings Added |
619 |
487 |
27.10 |
|
Sales |
277 |
299 |
-7.36 |
|
Average Sale Price |
382,975 |
306,067 |
25.13 |
|
Median Price |
342,500 |
305,000 |
12.30 |
|
Sales $ / List $ % |
96.62 |
97.57 |
-0.97 |
Calgary Country Residential
(Acreages):
|
November |
2007 |
2006 |
% |
|
Month End Inventory |
693 |
401 |
72.82 |
|
New Listings Added |
117 |
95 |
23.16 |
|
Sales |
45 |
58 |
-22.41 |
|
Average Sale Price |
813,726 |
776,863 |
4.75 |
|
Median Price |
722,250 |
663,000 |
8.94 |
|
Sales $ / List $ % |
93.92 |
96.30 |
-2.47 |
Calgary Rural Land:
|
November |
2007 |
2006 |
% |
|
Month End Inventory |
424 |
258 |
64.34 |
|
New Listings Added |
92 |
52 |
76.92 |
|
Sales |
20 |
22 |
-9.09 |
|
Average Sale Price |
513,640 |
458,045 |
12.14 |
|
Median Price |
394,900 |
371,000 |
6.44 |
|
Sales $ / List $ % |
95.84 |
94.25 |
1.68 |
Total Calgary MLS*:
|
November |
2007 |
2006 |
% |
|
Month End Inventory |
10,455 |
6,412 |
63.05 |
|
New Listings Added |
3,699 |
2,998 |
23.38 |
|
Sales |
1,954 |
2,390 |
-18.24 |
|
Average Sale Price |
419,041 |
371,878 |
12.68 |
|
Median Price |
369,000 |
336,000 |
9.82 |
|
Sales $ / List $ % |
96.56 |
97.29 |
-0.75 |
* Total MLS includes Mobile
Listings
Calgary, Alberta, Canada - November
2007
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