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January Update

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Exciting times in the real estate world in Calgary:

1. Blanket rezoning to support an evolving city

2. Extremely low inventory (seasonal but also fundamental)

3. Lots of investment into the city (new arena, new districts; evolving city skyline)


Data are in from January's market performance:

1. Increased Listing Activity: BUT little change to total inventory; months of supply: 1.3 months

2. Benchmark Price Continues to Creep Up: $572,300 (+10% YoY)

3. Detached Prices Reach $702,200 (+13% YoY and 1% MoM)


As expected the bulk of the appreciation has been acutely focused on the lower priced product, specific to east Calgary and townhome and apartment property types.


Summary Below:


 
 
 
 
 
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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.