November 2019 Calgary Real Estate Board Market Statistics Update

Posted by Jeff Mikolajow on Monday, December 2nd, 2019 at 12:38pm

What's going on in the Calgary real estate market? Which areas and price points are experiencing recovery? Some Calgary neighbourhoods have low inventory and higher sales - what does this mean for buyers? If you're considering selling your home, reach out so we can chat about the best strategies to get your home sold so you can achieve your goals.

Want to learn more about upcoming listings or what homes are selling for in Lake Bonavista

Calgary RE/MAX November 2019 Statistics

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.

New
1403 Lake Fraser Court Se, Calgary
  • Residential
  • 3 Beds
  • 2 Baths
  • 2,166 SqFt

1403 Lake Fraser Court Se, Calgary

$625,000
New
2106, 2106 Lake Fraser  Green Se, Calgary
  • Residential
  • 2 Beds
  • 2 Baths
  • 1,226 SqFt

2106, 2106 Lake Fraser Green Se, Calgary

$323,800
New
5604, 11811 Lake Fraser Drive Se, Calgary
  • Residential
  • 2 Beds
  • 2 Baths
  • 908 SqFt

5604, 11811 Lake Fraser Drive Se, Calgary

$220,000
New
1215 Lake Twintree Drive Se, Calgary
  • Residential
  • 4 Beds
  • 3 Baths
  • 1,495 SqFt

1215 Lake Twintree Drive Se, Calgary

$595,000
New
3613, 11811 Lake Fraser Drive Se, Calgary
  • Residential
  • 2 Beds
  • 1 Baths
  • 747 SqFt

3613, 11811 Lake Fraser Drive Se, Calgary

$218,000
103 Lake Mead Place Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,779 SqFt

103 Lake Mead Place Se, Calgary

$1,299,000
1459 Acadia Drive Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,323 SqFt

1459 Acadia Drive Se, Calgary

$619,900
128 Lake Moraine Place Se, Calgary
  • Residential
  • 3 Beds
  • 3 Baths
  • 1,609 SqFt

128 Lake Moraine Place Se, Calgary

$649,900
1213 Lake Fraser Green Se, Calgary
  • Residential
  • 2 Beds
  • 2 Baths
  • 1,036 SqFt

1213 Lake Fraser Green Se, Calgary

$293,588
12 Lake Emerald Road Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,520 SqFt

12 Lake Emerald Road Se, Calgary

$599,000
3213 Lake Fraser Court Se, Calgary
  • Residential
  • 1 Beds
  • 2 Baths
  • 745 SqFt

3213 Lake Fraser Court Se, Calgary

$255,000
235 Lake Wapta Rise Se, Calgary
  • Residential
  • 4 Beds
  • 4 Baths
  • 1,443 SqFt

235 Lake Wapta Rise Se, Calgary

$609,000
360 Lake Bonavista Drive Se, Calgary
  • Residential
  • 4 Beds
  • 3 Baths
  • 1,161 SqFt

360 Lake Bonavista Drive Se, Calgary

$585,900
13135 Bonaventure Drive Se, Calgary
  • Residential
  • 3 Beds
  • 3 Baths
  • 1,731 SqFt

13135 Bonaventure Drive Se, Calgary

$584,900
515 Lake Bonavista Drive Se, Calgary
  • Residential
  • 5 Beds
  • 5 Baths
  • 2,220 SqFt

515 Lake Bonavista Drive Se, Calgary

$899,000
13132 Lake Crimson Drive Se, Calgary
  • Residential
  • 4 Beds
  • 3 Baths
  • 1,815 SqFt

13132 Lake Crimson Drive Se, Calgary

$779,000
1337 Lake Sylvan Drive Se, Calgary
  • Residential
  • 3 Beds
  • 3 Baths
  • 1,120 SqFt

1337 Lake Sylvan Drive Se, Calgary

$574,900 ↓ $15,000
248 Lake Wapta Rise Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,280 SqFt

248 Lake Wapta Rise Se, Calgary

$575,000 ↓ $10,000
6504, 11811 Lake Fraser Drive Se, Calgary
  • Residential
  • 2 Beds
  • 2 Baths
  • 865 SqFt

6504, 11811 Lake Fraser Drive Se, Calgary

$295,000
3304, 11811 Lake Fraser Drive Se, Calgary
  • Residential
  • 2 Beds
  • 2 Baths
  • 882 SqFt

3304, 11811 Lake Fraser Drive Se, Calgary

$269,900 ↓ $10,000
1312 Acadia Drive Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,264 SqFt

1312 Acadia Drive Se, Calgary

$525,000
1051 Lake Twintree Drive Se, Calgary
  • Residential
  • 4 Beds
  • 3 Baths
  • 1,620 SqFt

1051 Lake Twintree Drive Se, Calgary

$539,850 ↓ $30,000
12010 Lake Erie Road Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,898 SqFt

12010 Lake Erie Road Se, Calgary

$929,900 ↓ $8,000
3107, 11811 Lake Fraser Drive Se, Calgary
  • Residential
  • 1 Beds
  • 1 Baths
  • 663 SqFt

3107, 11811 Lake Fraser Drive Se, Calgary

$187,900
3705, 11811 Lake Fraser Drive Se, Calgary
  • Residential
  • 2 Beds
  • 2 Baths
  • 891 SqFt

3705, 11811 Lake Fraser Drive Se, Calgary

$287,000 ↓ $5,000
100 Lake Emerald Road Se, Calgary
  • Residential
  • 5 Beds
  • 3 Baths
  • 1,369 SqFt

100 Lake Emerald Road Se, Calgary

$789,900 ↓ $10,000
740 Lake Ontario Drive Se, Calgary
  • Residential
  • 4 Beds
  • 3 Baths
  • 1,758 SqFt

740 Lake Ontario Drive Se, Calgary

$699,900

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