Here are the recent market stats from the Calgary Real Estate Board. At the bottom of the article  by  CREB – are links to the detailed reports.


Should you have any questions about the article or about the detailed reports, we would be happy to speak with you.  Please call the office at 403-251-1100 or send an email to matthew.r@shaw.ca


Your Realtor,


Matt


FROM CREB –  Calgary housing market prices hold, but sales fall


City of Calgary, March 1, 2018 –


Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1.094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.


“Housing market conditions are still adjusting to rising lending rates and changes in lending requirements. This process is expected to be bumpy, with demand adjustments leading the changes,” said CREB® chief economist Ann-Marie Lurie.


“However, it is important to remember that it is early in the process and the impact on prices will ultimately be dependent on the supply response.”


A decline in new listings was not enough to prevent further gains in inventory levels, but it offset some of the impact of slower sales activity. In the detached sector, one of the largest declines in sales occurred in the $600,000 – $999,999 range, while this price range also recorded gains in new listings.


“This is a market where the fundamentals of a sound pricing strategy need to be understood by sellers. At the same time, savvy buyers typically have a clear understanding of how much of a mortgage they can get,” said CREB® president Tom Westcott.


“With all the recent changes, potential purchasers should be obtaining pre-approvals so they understand exactly what they can afford prior to making an offer on a home. It also provides them flexibility in this market.”


Citywide benchmark prices totaled $434,300 in February, which is just above levels recovered last month, but comparable to levels recorded last year. While year-over-year price growth remained relatively stable in both the detached and attached markets, apartment prices remained three per cent below last year’s levels.


Click here to view the full City of Calgary monthly stats package.


Click here to view the full Calgary region monthly stats package.

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The Calgary Real Estate Board has posted their monthly statistics for housing sales in January 2018.


Here is the link to Calgary housing stats:


http://www.creblink.com/-/media/Public/CREBcom/Housing_Statistics/Calgary_Monthly_Stats.pdf?la=en


Here is the link to the Regional housing stats for January 2018:


http://www.creblink.com/-/media/Public/CREBcom/Housing_Statistics/Regional_Monthly_Stats.pdf?la=en


Should you have any questions about these reports please call me I can be reached at 403-251-1100 or send an email to matthew.r@shaw.ca


Your Realtor,


Matt

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The Calgary Real Estate Board held its annual forecast meeting this week to share their outlook on the market ahead.  They forecast challenges for 2018 market, but optimism remains on the horizon.


Here is the link to their full report with all the stats and graphs.


http://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/2018ForecastReportWEB.pdf?la=en


Should you have any questions about the report we would be very happy to talk with you.  We can be reached at the office at 403-251-1100 or send an email to matthew.r@shaw.ca


Your Realtor,


Matt

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Happy New Year!!!


Here are the December 2017 Calgary Housing  Statistics as post by CREB:


http://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/Calgary_Monthly_Stats.pdf?la=en


Here are the Stats for the Regional Areas surrounding Calgary as reported by CREB:


http://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/Regional_Monthly_Stats.pdf


Should you have questions about these reports or would like to discuss your own personal real estate needs or goals, my team and I are always happy to speak with you.


Call the office at 403-251-1100 or send an email to matthew.r@shaw.ca


Wishing you all the best in 2018!!


Your Realtor,


Matt

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.