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
12028 Bonaventure Dr Se, Calgary
  • Detached
  • 5 Beds
  • 3 Baths
  • 2,240 SqFt

12028 Bonaventure Dr Se, Calgary

$729,900
New
#5305 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 2 Beds
  • 2 Baths
  • 875 SqFt

#5305 11811 Lake Fraser Dr Se, Calgary

$239,900
New
#2310 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 1 Beds
  • 1 Baths
  • 581 SqFt

#2310 11811 Lake Fraser Dr Se, Calgary

$179,800
New
620 Lake Linnet Cr Se, Calgary
  • Detached
  • 4 Beds
  • 3 Baths
  • 1,229 SqFt

620 Lake Linnet Cr Se, Calgary

$619,900
916 Lake Placid Dr Se, Calgary
  • Detached
  • 4 Beds
  • 3 Baths
  • 2,231 SqFt

916 Lake Placid Dr Se, Calgary

$889,900
#2313 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 1 Beds
  • 1 Baths
  • 577 SqFt

#2313 11811 Lake Fraser Dr Se, Calgary

$184,900
208 Lake Erie Pl Se, Calgary
  • Detached
  • 5 Beds
  • 3 Baths
  • 1,837 SqFt

208 Lake Erie Pl Se, Calgary

$739,900
#3611 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 2 Beds
  • 1 Baths
  • 748 SqFt

#3611 11811 Lake Fraser Dr Se, Calgary

$199,900
#2412 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 1 Beds
  • 1 Baths
  • 600 SqFt

#2412 11811 Lake Fraser Dr Se, Calgary

$179,900
2207 Lake Fraser Co Se, Calgary
  • Apartment
  • 2 Beds
  • 2 Baths
  • 1,345 SqFt

2207 Lake Fraser Co Se, Calgary

$379,900
451 Lake Simcoe Cr Se, Calgary
  • Detached
  • 5 Beds
  • 4 Baths
  • 2,362 SqFt

451 Lake Simcoe Cr Se, Calgary

$800,000
436 129 Av Se, Calgary
  • Detached
  • 5 Beds
  • 4 Baths
  • 2,109 SqFt

436 129 Av Se, Calgary

$979,900
3203 Lake Fraser Co Se, Calgary
  • Apartment
  • 2 Beds
  • 2 Baths
  • 1,402 SqFt

3203 Lake Fraser Co Se, Calgary

$399,900
#4411 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 1 Beds
  • 1 Baths
  • 595 SqFt

#4411 11811 Lake Fraser Dr Se, Calgary

$192,900
2207 Lake Bonavista Dr Se, Calgary
  • Detached
  • 5 Beds
  • 4 Baths
  • 2,361 SqFt

2207 Lake Bonavista Dr Se, Calgary

$998,000 ↓ $27,000
44 Lake Twintree Pl Se, Calgary
  • Detached
  • 4 Beds
  • 3 Baths
  • 2,044 SqFt

44 Lake Twintree Pl Se, Calgary

$734,900
#2501 11811 Lake Fraser Dr Se, Calgary
  • Apartment
  • 2 Beds
  • 2 Baths
  • 996 SqFt

#2501 11811 Lake Fraser Dr Se, Calgary

$299,900
#106 12505 Bonaventure Dr Se, Calgary
  • Apartment
  • 2 Beds
  • 2 Baths
  • 1,178 SqFt

#106 12505 Bonaventure Dr Se, Calgary

$325,000
13144 Lake Arrow Rd Se, Calgary
  • Detached
  • 4 Beds
  • 4 Baths
  • 1,943 SqFt

13144 Lake Arrow Rd Se, Calgary

$874,900 ↓ $15,000
1532 Lake Twintree Wy Se, Calgary
  • Detached
  • 5 Beds
  • 3 Baths
  • 1,216 SqFt

1532 Lake Twintree Wy Se, Calgary

$669,000 ↓ $6,000
1302 Lake Fraser Gr Se, Calgary
  • Apartment
  • 1 Beds
  • 2 Baths
  • 1,114 SqFt

1302 Lake Fraser Gr Se, Calgary

$309,900
147 Lake Tahoe Gr Se, Calgary
  • Detached
  • 4 Beds
  • 5 Baths
  • 2,889 SqFt

147 Lake Tahoe Gr Se, Calgary

$1,350,000
987 Lake Arrow Wy Se, Calgary
  • Detached
  • 5 Beds
  • 3 Baths
  • 1,455 SqFt

987 Lake Arrow Wy Se, Calgary

$850,000 ↓ $9,900
3202 Lake Fraser Co Se, Calgary
  • Apartment
  • 2 Beds
  • 2 Baths
  • 1,204 SqFt

3202 Lake Fraser Co Se, Calgary

$334,900 ↓ $9,088
1088 Lake Placid Dr Se, Calgary
  • Detached
  • 4 Beds
  • 3 Baths
  • 2,018 SqFt

1088 Lake Placid Dr Se, Calgary

$824,900 ↓ $15,000
323 129 Av Se, Calgary
  • Detached
  • 4 Beds
  • 4 Baths
  • 2,052 SqFt

323 129 Av Se, Calgary

$1,349,000 ↑ $1,214,100
1120 Lake Wapta Rd Se, Calgary
  • Detached
  • 5 Beds
  • 3 Baths
  • 1,319 SqFt

1120 Lake Wapta Rd Se, Calgary

$850,000

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CREB® Data Ownership and Disclaimer Statement Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The listing data displayed is deemed reliable but is not guaranteed accurate by CREB®.

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. 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.

Listing information last updated on January 27th, 2020 at 11:30am MST.

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. 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.

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