Jim English>Calgary Real Estate Statistics>September 2007
 

Calgary Real Estate Board - Calgary MLS September 2007
Calgary, Alberta, Canada - October 15, 2007

Buyers Enjoy Golden Opportunity

Properties continue to change hands in Calgary at a respectable rate, despite high inventory numbers, according to figures released by the Calgary Real Estate Board.

Single family Calgary metro sales in September were 1,064 an decrease of 10.81% from the 1,193 sales recorded in September 2006 and a decrease of 19.03% from the 1,314 sales recorded in August 2007.

Single family Calgary metro new listings added for the month of September totaled 3,106 a 5.15% increase over the 2,954 new listings added in September 2006. This is a increase of 9.48% over the 2,837 new listings added in August 2007.

The median price of a single family Calgary metro home in September 2007 was $420,500 showing a 9.68% increase over September 2006 when the median price was $383,388 and showing a 2.21% decrease from August 2007 when the median price was $430,000. 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 September were 1,315 showing an increase of 10.88% from the 1,186 new listings added in August 2007. This is a 16.47% increase from the 1,129 new listings coming to market in September 2006.

Calgary metro condominium sales in September 2007 were 483 a decrease of 12.66% from September 2006 when the sales were recorded as 553 and a 19.23% decrease from the 598 condominium sales recorded in August 2007.

The average price of a single family Calgary metro home in September 2007 was $470,888 and the average price of a metro condominium was $321,614.

Calgary Single Family (Calgary Metro):

September 2007 2006 %
Month End Inventory 5,562 n/a n/a
New Listings Added 3,106 2,954 5.15
Sales 1,064 1,193 -10.81
Average Sale Price 470,888 426,622 10.38
Median Price 420,500 383,388 9.68
Sales $ / List $ % 97.19 97.84 -0.67

Calgary Condominiums (Calgary Metro):

September 2007 2006 %
Month End Inventory 2,235 n/a n/a
New Listings Added 1,315 1,129 16.47
Sales 483 553 -12.66
Average Sale Price 321,614 292,796 9.84
Median Price 300,000 269,500 11.32
Sales $ / List $ % 97.41 98.12 -0.73

Calgary Towns (Outside Calgary):

September 2007 2006 %
Month End Inventory 1,965 n/a n/a
New Listings Added 877 682 28.59
Sales 363 405 -10.37
Average Sale Price 400,938 324,215 23.66
Median Price 370,000 302,000 22.52
Sales $ / List $ % 97.40 98.17 -0.79

Calgary Country Residential (Acreages):

September 2007 2006 %
Month End Inventory 774 480 61.25
New Listings Added 220 183 20.22
Sales 67 73 -8.22
Average Sale Price 809,240 596,247 35.72
Median Price 775,000 567,500 36.56
Sales $ / List $ % 94.43 96.54 -2.18

Calgary Rural Land:

September 2007 2006 %
Month End Inventory 412 239 72.38
New Listings Added 91 86 5.81
Sales 28 30 -6.67
Average Sale Price 699,518 731,137 -4.32
Median Price 401,000 460,000 -12.83
Sales $ / List $ % 96.49 91.15 -5.85

Total Calgary MLS*:

September 2007 2006 %
Month End Inventory 11,001 6,801 61.76
New Listings Added 5,644 5,052 11.72
Sales 2,030 2,273 -10.69
Average Sale Price 432,233 382,268 13.07
Median Price 384,000 335,000 14.63
Sales $ / List $ % 97.06 97.69 -0.64

* Total MLS includes Mobile Listings

Calgary, Alberta, Canada - September 2007

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 Jim English>Calgary Real Estate Statistics>September 2007


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