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Calgary RE/MAX November 2019 Statistics

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FROM CREB®: Year-to-date residential sales in the city remain just above last year’s levels due to improvements in the attached sector so far this year.

However, November sales activity eased over last year’s levels, mostly due to pullbacks in the apartment sector.

Meanwhile, new listings eased enough relative to sales to cause inventories to ease and the amount of oversupply to come down slightly compared to last year’s levels.

“Achieving more stable conditions will take time. Sales activity has been settling in at lower levels and is likely being influenced by the economic conditions and uncertainty weighing on our market,” said CREB® chief economist Ann-Marie Lurie.

“While the amount of supply in the market continues to ease, the persistent oversupply continues to weigh on prices.”

As of November, the citywide unadjusted benchmark price was $419,100. This is just below last month’s levels and two per cent lower than last year’s levels.

Market conditions continue to vary depending on price, location and product type. For example, prices have ranged from a year-to-date decline of nearly eight per cent for row product in the East district to a two per cent increase for semi-detached product in the North district.

Larger price declines are often caused by high supply in the new-home and resale markets relative to demand.

CALGARY HOUSING MARKET FACTS

  • Detached sales improved in November over last year’s levels, mostly due to growth in the $400,000 – $500,000 range. However, sales in November and overall activity remain low by historical standards.
  • Despite some recent gains in sales activity, year-to-date sales remain comparable to last year’s levels and 20 per cent below longer-term trends. However, detached sales have improved in both the North West and South districts this year.
  • Improving sales, combined with further declines in new listings, helped reduce inventories in this sector compared to levels recorded last year. However, supply levels remained elevated based on seasonal comparisons.
  • Like some of the other sectors, the detached market is slowly moving toward more balanced conditions. However, it is still oversupplied, and this trend continues to weigh on prices.
  • The detached unadjusted benchmark price was $481,500 in November, slightly lower than last month’s levels and two per cent below last year’s prices.

Looking for more statistics about attached, Calgary condominiums or any of the areas around Calgary that we also service - Airdrie, Cochrane, Okotoks, Langdon? Contact us today and we'll happily bring you up to speed.

All Lake Bonavista and Bonavista Downs Homes For Sale On Calgary Real Estate Board MLS®

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New
4406, 11811 Lake Fraser Drive Se, Calgary

$279,972

4406, 11811 Lake Fraser Drive Se, Calgary

1 Bed 1 Bath 688 SqFt Residential MLS® # A2223694

Real Broker

New
623 Lake Simcoe Close Se, Calgary

$1,150,000

623 Lake Simcoe Close Se, Calgary

4 Beds 3 Baths 1,965 SqFt Residential MLS® # A2229311

Century 21 Bamber Realty LTD.

New
6513, 11811 Lake Fraser Drive Se, Calgary

$275,000

6513, 11811 Lake Fraser Drive Se, Calgary

1 Bed 1 Bath 656 SqFt Residential MLS® # A2229340

Royal LePage Benchmark

New
147 Lake Placid Place Se, Calgary

$2,500,000

147 Lake Placid Place Se, Calgary

4 Beds 5 Baths 2,977 SqFt Residential MLS® # A2223564

RE/MAX First

New
., 2105 Lake Fraser Green Se, Calgary

$619,900

↓ $10,000

., 2105 Lake Fraser Green Se, Calgary

2 Beds 2 Baths 1,250 SqFt Residential MLS® # A2228647

Real Estate Professionals Inc.

New
712 Lake Placid Drive Se, Calgary

$1,399,900

712 Lake Placid Drive Se, Calgary

5 Beds 4 Baths 2,435 SqFt Residential MLS® # A2227184

RE/MAX House of Real Estate

42 Lake Huron Place Se, Calgary

$599,900

42 Lake Huron Place Se, Calgary

5 Beds 2 Baths 1,101 SqFt Residential MLS® # A2225438

Royal LePage Benchmark

1207, 1207 Lake Fraser Court Se, Calgary

$449,000

1207, 1207 Lake Fraser Court Se, Calgary

2 Beds 2 Baths 1,085 SqFt Residential MLS® # A2227855

RE/MAX Realty Professionals

2709, 11811 Lake Fraser Drive, Calgary

$265,000

↓ $12,700

2709, 11811 Lake Fraser Drive, Calgary

1 Bed 1 Bath 594 SqFt Residential MLS® # A2224938

Diamond Realty & Associates LTD.

1344 Lake Michigan Crescent Se, Calgary

$719,999

1344 Lake Michigan Crescent Se, Calgary

4 Beds 3 Baths 1,112 SqFt Residential MLS® # A2226234

CIR Realty

1039 Lake Bonavista Drive Se, Calgary

$1,090,000

1039 Lake Bonavista Drive Se, Calgary

4 Beds 3 Baths 1,297 SqFt Residential MLS® # A2223371

Town Residential

87 Lake Geneva Place Se, Calgary

$1,250,000

87 Lake Geneva Place Se, Calgary

5 Beds 3 Baths 1,483 SqFt Residential MLS® # A2225414

RE/MAX iRealty Innovations

12631 Bonaventure Drive Se, Calgary

$1,150,000

12631 Bonaventure Drive Se, Calgary

4 Beds 3 Baths 1,476 SqFt Residential MLS® # A2224677

RE/MAX First

1609, 11811 Lake Fraser Drive Se, Calgary

$289,000

1609, 11811 Lake Fraser Drive Se, Calgary

2 Beds 1 Bath 745 SqFt Residential MLS® # A2225852

eXp Realty

5502, 11811 Lake Fraser Drive Se, Calgary

$362,000

5502, 11811 Lake Fraser Drive Se, Calgary

2 Beds 2 Baths 886 SqFt Residential MLS® # A2221548

Real Estate Professionals Inc.

1349 Lake Sylvan Drive Se, Calgary

$849,990

1349 Lake Sylvan Drive Se, Calgary

4 Beds 3 Baths 1,054 SqFt Residential MLS® # A2221064

HouseSigma Inc.

207 Lake Ontario Place Se, Calgary

$725,000

↓ $25,000

207 Lake Ontario Place Se, Calgary

5 Beds 3 Baths 1,151 SqFt Residential MLS® # A2221321

Century 21 Masters

3215, 3215 Lake Fraser Court Se, Calgary

$600,000

↓ $39,900

3215, 3215 Lake Fraser Court Se, Calgary

2 Beds 2 Baths 1,301 SqFt Residential MLS® # A2220444

RE/MAX House of Real Estate

219 Lake Rosen Crescent Se, Calgary

$999,000

↓ $26,000

219 Lake Rosen Crescent Se, Calgary

4 Beds 3 Baths 1,517 SqFt Residential MLS® # A2216203

CIR Realty

157 Lake Sylvan Close Se, Calgary

$1,080,000

157 Lake Sylvan Close Se, Calgary

6 Beds 5 Baths 2,065 SqFt Residential MLS® # A2211076

Honestdoor Inc.

140 Lake Wapta Rise Se, Calgary

$1,098,900

↓ $41,100

140 Lake Wapta Rise Se, Calgary

4 Beds 3 Baths 1,492 SqFt Residential MLS® # A2214718

eXp Realty

1211, 1211 Lake Fraser Green Se, Calgary

$504,500

↓ $25,400

1211, 1211 Lake Fraser Green Se, Calgary

2 Beds 2 Baths 1,143 SqFt Residential MLS® # A2203694

CIR Realty

1040 Lake Ontario Drive Se, Calgary

$1,285,000

↓ $35,000

1040 Lake Ontario Drive Se, Calgary

6 Beds 4 Baths 1,631 SqFt Residential MLS® # A2202210

Jessica Chan Real Estate & Management Inc.

Posted by Jeff Mikolajow on
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