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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
1265 Lake Sylvan Drive Se, Calgary

$649,900

1265 Lake Sylvan Drive Se, Calgary

4 Beds 3 Baths 1,005 SqFt Residential MLS® # A1250703

GREATER PROPERTY GROUP

New
4407, 11811 Lake Fraser Drive Se, Calgary

$189,900

4407, 11811 Lake Fraser Drive Se, Calgary

1 Bed 1 Bath 582 SqFt Residential MLS® # A1250521

RE/MAX FIRST

New
539 Lake Linnet Green Se, Calgary

$639,900

539 Lake Linnet Green Se, Calgary

4 Beds 3 Baths 1,243 SqFt Residential MLS® # A1246571

RE/MAX FIRST

New
1624 Lake Bonavista Drive Se, Calgary

$678,500

1624 Lake Bonavista Drive Se, Calgary

3 Beds 3 Baths 1,496 SqFt Residential MLS® # A1246401

MAXWELL CANYON CREEK

New
1152 Lake Wapta Road Se, Calgary

$699,900

1152 Lake Wapta Road Se, Calgary

4 Beds 3 Baths 1,401 SqFt Residential MLS® # A1250019

ROYAL LEPAGE SOLUTIONS

New
12015 Lake Erie Way Se, Calgary

$1,075,000

12015 Lake Erie Way Se, Calgary

4 Beds 3 Baths 1,909 SqFt Residential MLS® # A1244501

RE/MAX FIRST

New
2004, 11811 Lake Fraser Drive Se, Calgary

$201,900

2004, 11811 Lake Fraser Drive Se, Calgary

1 Bed 1 Bath 588 SqFt Residential MLS® # A1244711

RE/MAX REAL ESTATE (CENTRAL)

New
1403 Lake Ontario Road Se, Calgary

$469,900

1403 Lake Ontario Road Se, Calgary

5 Beds 3 Baths 1,124 SqFt Residential MLS® # A1245873

RE/MAX COMPLETE REALTY

New
1163 Lake Sundance Crescent, Calgary

$669,000

1163 Lake Sundance Crescent, Calgary

4 Beds 3 Baths 1,384 SqFt Residential MLS® # A1246480

FAIRSQUARE GROUP REALTY

New
5601, 11811 Lake Fraser Drive Se, Calgary

$199,900

5601, 11811 Lake Fraser Drive Se, Calgary

1 Bed 1 Bath 509 SqFt Residential MLS® # A1245614

RE/MAX IREALTY INNOVATIONS

New
5610, 11811 Lake Fraser Drive Se, Calgary

$239,490

5610, 11811 Lake Fraser Drive Se, Calgary

2 Beds 1 Bath 749 SqFt Residential MLS® # A1245422

EXP REALTY

1323 Lake Sylvan Drive Se, Calgary

$699,900

1323 Lake Sylvan Drive Se, Calgary

4 Beds 3 Baths 1,036 SqFt Residential MLS® # A1244450

RE/MAX CROWN

820 Lake Ontario Drive Se, Calgary

$849,999

↓ $25,001

820 Lake Ontario Drive Se, Calgary

5 Beds 4 Baths 1,712 SqFt Residential MLS® # A1243717

ROYAL LEPAGE BENCHMARK

1331 Lake Bonavista Drive Se, Calgary

$625,000

1331 Lake Bonavista Drive Se, Calgary

4 Beds 3 Baths 1,205 SqFt Residential MLS® # A1234308

CIR REALTY

608 Lake Bonavista Drive Se, Calgary

$799,900

608 Lake Bonavista Drive Se, Calgary

4 Beds 3 Baths 1,718 SqFt Residential MLS® # A1240467

RE/MAX HOUSE OF REAL ESTATE

12224 Lake Waterton Crescent Se, Calgary

$885,000

↓ $34,000

12224 Lake Waterton Crescent Se, Calgary

5 Beds 3 Baths 1,466 SqFt Residential MLS® # A1239504

RE/MAX REAL ESTATE (CENTRAL)

420 135 Avenue Se, Calgary

$899,900

↓ $25,100

420 135 Avenue Se, Calgary

5 Beds 4 Baths 2,021 SqFt Residential MLS® # A1240193

RE/MAX REALTY PROFESSIONALS

1424 Lake Ontario Drive Se, Calgary

$550,000

↓ $15,000

1424 Lake Ontario Drive Se, Calgary

4 Beds 3 Baths 1,245 SqFt Residential MLS® # A1239185

RE/MAX REALTY PROFESSIONALS

63 Lake Bonaventure Place Se, Calgary

$1,225,000

63 Lake Bonaventure Place Se, Calgary

5 Beds 4 Baths 2,516 SqFt Residential MLS® # A1239686

RE/MAX LANDAN REAL ESTATE

13016 Lake Twintree Road Se, Calgary

$657,700

↓ $31,100

13016 Lake Twintree Road Se, Calgary

3 Beds 3 Baths 1,293 SqFt Residential MLS® # A1227825

CENTURY 21 BAMBER REALTY LTD.

532 Lake Moraine Green Se, Calgary

$2,798,000

↓ $102,000

532 Lake Moraine Green Se, Calgary

5 Beds 4 Baths 3,269 SqFt Residential MLS® # A1238829

CIR REALTY

.., 1319 Lake Fraser Court, Calgary

$300,000

↓ $9,998

.., 1319 Lake Fraser Court, Calgary

1 Bed 1 Bath 737 SqFt Residential MLS® # A1238051

ROYAL LEPAGE SOLUTIONS

4203, 11811 Lake Fraser Drive Se, Calgary

$254,900

4203, 11811 Lake Fraser Drive Se, Calgary

2 Beds 2 Baths 917 SqFt Residential MLS® # A1237683

THE REAL ESTATE COMPANY

2602, 11811 Lake Fraser Drive, Calgary

$269,989

↓ $9,999

2602, 11811 Lake Fraser Drive, Calgary

2 Beds 2 Baths 882 SqFt Residential MLS® # A1235986

ROYAL LEPAGE SOLUTIONS

13224 Bonaventure Drive Se, Calgary

$799,900

↓ $99,988

13224 Bonaventure Drive Se, Calgary

5 Beds 3 Baths 2,357 SqFt Residential MLS® # A1235585

RE/MAX REALTY PROFESSIONALS

2102, 2102 Lake Fraser Green Se, Calgary

$445,000

2102, 2102 Lake Fraser Green Se, Calgary

2 Beds 2 Baths 1,238 SqFt Residential MLS® # A1235439

RE/MAX REAL ESTATE (MOUNTAIN VIEW)

112 Lake Linnet Close Se, Calgary

$769,900

↓ $20,000

112 Lake Linnet Close Se, Calgary

4 Beds 3 Baths 1,354 SqFt Residential MLS® # A1232329

ROYAL LEPAGE MISSION REAL ESTATE

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