Calgary Real Estate Stats - May 31/07 Update
Posted Jun 4, 2007 @ 9:43 am, Viewed by 1171 Visitors, Read 1184 Times.
Your weekly update of Calgary House Prices
Calgary Real Estate Stats: May 01 - 29/07
CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.
| Calgary Metro - Single Family | 2007 | 2006 |
| Average Selling Price | $488,079 | $415,321 |
| Median Selling Price | $435,000 | $375,000 |
| New Listings | 3,398 | 2,384 |
| Sales | 1,848 | 1,985 |
| Sales to New Listing Ratio | 54% | 83% |
| Sales to Active Listing Ratio | 50% | N/A |
| # of Active SF listings (Inventory) | 3,689 | N/A |
| Calgary Metro - Condominium | ||
| Average Selling Price | $332,550 | $272,951 |
| Median Selling Price | $307,000 | $257,000 |
| New Listings | 1,235 | 977 |
| Sales | 812 | 864 |
| Sales to New Listing Ratio | 66% | 88% |
| Sales to Active Listing Ratio | 71% | N/A |
| # of Active condo listings (Inventory) | 1,148 | N/A |
| Towns (outside of Calgary) | ||
| Average Selling Price | $393,170 | $300,811 |
| Median Selling Price | $357,000 | $275,000 |
| New Listings | 891 | 597 |
| Sales | 549 | 537 |
| Sales to New Listing Ratio | 62% | 90% |
| Sales to Active Listing Ratio | 43% | N/A |
| # of Active Listings (Inventory) | 1,274 |
N/A |
|
Country Residential - Acreages |
||
| Average Selling Price | $854,220 | $775,388 |
| Median Selling Price | $780,000 | $660,000 |
| New Listings | 214 | 192 |
| Sales | 80 | 125 |
| Sales to New Listing Ratio | 37% | 65% |
| Sales to Active Listing Ratio | 15% | N/A |
| # of Active Listings (Inventory) | 551 | N/A |
| Total MLS | ||
| Average Selling Price | $442,219 | $373,470 |
| Median Selling Price | $394,000 | $329,900 |
| New Listings | 5,916 | 4,258 |
| Sales | 3,358 | 3,590 |
| Sales to New Listing Ratio | 57% | 84% |
| Sales to Active Listing Ratio | 48% | N/A |
| # of Active Listings (Inventory) | 7,019 | N/A |
Discussion: New Calgary listings continue to outpace sales by a 5:3 margin. The average Calgary house price was $488,079 last week, while the average price of a Calgary condo was - $332,550. Both these figures represent all-time record highs, as the price of Calgary property continues to rise.
Visit the most comprehensive source for Calgary Real Estate and view all Calgary Area Listings.
*Stats are provided by the Calgary Real Estate Board, and are deemed reliable but not guaranteed
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Jim Sparrow is a consistent top-producing Calgary REALTORŪ with Keller Williams Platinum Realty specializing in South Calgary estate and luxury homes.Visit our website at Calgary Real Estate or contact me directly at 403.703.2404
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