Real Estate Stats for the year to date

Hello All, Jason Jillain of MaxWell Here!!
The New Year is upon us and many want to know how real estate this year compared to last year.  It's a good read but if you want to know the exact stats have a look below, to see how this years real estate number compared to last year.  These stats com directly from the real estate board and are actual numbers not estimates.  Feel free to comment or ask questions. 
Happy New Year.

Calgary, December 1, 2010 – November home

sales in the city of Calgary remained steady monthover-

month, while year-over-year sales were down,

according to figures released today by the Calgary

Real Estate Board (CREB®).

The number of single family home sales in the

month of November 2010 held firm at 891,

compared with October 2010, when sales were 888.

The number of condominium sales for the month of

November 2010 was 310. This was the same as the

310 condominium transactions recorded in October

2010.

Year-over-year, the number of single family homes

sold in November 2010 in the city of Calgary were

down 19 per cent. In November 2009, single family

home sales totaled 1,095. Condominium sales saw

a decrease of 38 per cent from the same time a year

ago. In November 2009, condominium sales were

504.

“Indeed, the second half of 2010 has proven to

be weaker than expected, and Calgary’s housing

market is taking some time to re-gain traction,” says

Diane Scott, president of CREB®. “Subdued sales

have meant buyers have an abundance of products

to choose from, and they can be selective in their

buying criteria.”

“In this market, REALTORS® and their sellers have

to be competitive in their pricing and go back to the

basics—conditions, location and price,” adds Scott.

The average price of a single family home in the

city of Calgary in November 2010 was $455,460,

showing a 2 per cent increase from October 2010,

when the average price w

per cent decrease from November 2009, when the

average price was $464,444. The average price of

a condominium in the city of Calgary in November

2010 was $284,667, showing a 1 per cent decrease

as $444,744, and a 2

from October 2010, when the average price was

$287,793 and a 3 per cent decrease over last year,

when the average price was $294,264. Average price

information can be useful in establishing trends over

time, but does not indicate actual prices in centers

comprised of widely divergent neighbourhoods, or

account for price differentials between geographical

areas.

The median price of a single family home in the

city of Calgary for November 2010 was $399,900,

showing a 3 per cent increase from October 2010

when the median price was $387,900. This was a 2

per cent decrease from November 2009, when the

median price was $408,000. The median price of

a condominium in November 2010 was $253,300,

showing a 1 per cent decrease from October 2010,

when the median price was $255,000, and a 4 per

cent decrease from November 2009, when it was

$264,900.

SUBDUED HOUSING MARKET GIVES BUYERS CHOICE

Calgary buyers looking for the right price, location and conditions

All city of Calgary MLS® statistics include

properties listed and sold only within Calgary’s city

limits. The median price is the price that is midway

between the least expensive and most expensive

home sold in an area during a given period of time.

During that time, half the buyers bought homes that

cost more than the median price and half bought

homes for less than the median price.

“We are not likely to see any major dips in pricing

over the coming months, but there may be some

decline in our average and median prices as

motivated sellers reduce their price, and we work

through our increased levels of inventory” says

Scott. “The good news is that we are seeing a

downward trend on our overall inventory levels,

and our absorption rate is gradually improving,”

adds Scott.

Single family listings in the city of Calgary added

for the month of November 2010 totalled 1,318, a

decrease of 25 per cent from October 2010 when

1,765 new listings were added, and showing a

decrease of 3 per cent from November 2009, when

1,365 new listings came into the market.

Condominium new listings in the city of Calgary

added for November 2010 were 632, down 12 per

cent from October 2010, when the MLS® saw

721 condo listings coming to the market. This is a

decrease of 10 per cent from November 2009, when

new condominium listings added were 705.

“Unemployment peaked at around 7.6 per cent

in the middle of this year, and has been slowly

improving since then. We do expect Calgary and

Alberta’s economy to improve in 2011, driven in

part by recent improvements in the energy sector.

Ultimately it is going to take boosts in employment,

along with more migration, to kick-start Calgary’s

housing market,” says Scott.

CREB® is a professional body of 5,489 licensed

brokers and registered associates, representing 246

member offices and is dedicated to enhancing the

value, integrity and expertise of its RE ALTOR®

members.

RE ALTORS® are committed to a high standard of

professional conduct, ongoing education, and a strict

Code of Ethics and Standards of Business Practice.

Using the services of a professional RE ALTOR®

can help consumers take full advantage of real estate

opportunities while reducing their risks when buying

or selling real estate. The board does not generate

statistics or analysis of any individual member or

company’s market share. All MLS® active listings

for Calgary and area may be found on the board’s

website at www.creb.com.

I hope you found this information to be useful, as well as educational.  If you have any questions I would be happy to talk with you.  Please call me at 403-813-1548, or register on my website at www.jasonjillain.com and I will get in touch with you.  All the best and Happy New Year!
God Bless
Jason Jillain