Calgary Market Sept, 2018

City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August.

Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by 0.8 per cent and are 2.4 per cent below last year’s levels.

“Calgary’s employment market has persistently high unemployment rates at 7.9 per cent and recent job losses in full time positions. The struggles in the employment market are one of the factors weighing on our local housing market,” said CREB® chief economist Ann-Marie Lurie.

“A slow recovery in the energy sector combined with tighter lending conditions and competition from the new home sector are also contributing current housing market conditions.”

Citywide sales totaled 1,490 units this month, down nearly seven per cent from last year and 14 per cent below long-term trends.

Sales and price declines were not consistent across all districts and product types. Prices have recently trended down across most areas based on year-to-date figures, but have remained comparable to last year’s levels in the City Centre and West districts of the city.

“Both buyers and sellers need to be realistic about their objectives. Buyers need to be aware that price changes differ depending on what and where you are buying. The decline in sales does not mean price declines across the board,” said CREB® president Tom Westcott.

“Sellers need to be well informed to be competitive. They need a good understanding of what has been selling around them and how their property compares to homes that have successfully sold.”

HOUSING MARKET FACTS

Detached

Apartment

Attached

REGIONAL MARKET FACTS

Airdrie

Cochrane

Okotoks

Total of 6524 properties

$4,495,000

  • 4 Beds
  • 5 full, 4 half Baths
  • Detached
  • 7,956 sq.ft.

[MLS®#: C4205914]FAMILY ESTATE - nearly 2/3 acre lot backing directly onto treed ravine parkland + offering a h...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-10-11

$4,490,000

  • 4 Beds
  • Industrial (Commercial)
  • 17,500 sq.ft.

[MLS®#: C4196982]INVESTMENT PROPERTY - Industrial land with 3 fully leased shops. Total 4.87 acres m/l Located on 90 Ave SE and 62 Street SE. Easy access from Glenmore and 52 Street SE. 48 hours notice to view.

Listing Provided By: RE/MAX LANDAN REAL ESTATE

Last Updated: 2018-07-25

$4,450,000

  • 3 Beds
  • 4 full, 1 half Baths
  • Detached
  • 3,767 sq.ft.

[MLS®#: C4195667]Exceptional + sophisticated home in a magical setting offering a one-of-a-kind combination of pic...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-10-16

$4,395,000

  • 5 Beds
  • 5 full, 4 half Baths
  • Detached
  • 4,812 sq.ft.

[MLS®#: C4203340]This executive residence offered by exclusive estate builder Mairen Homes is remarkable in des...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-11-07

$4,200,000

  • 5 Beds
  • Land

[MLS®#: C4146591]Development land located South of 17 Ave SE with access to 17 Ave. 15.27 Acres m/l Presently zoned SFUD. Seller applying for RV storage. Call Realtor for info.

Listing Provided By: RE/MAX LANDAN REAL ESTATE

Last Updated: 2018-11-19

$4,200,000

  • 5 Beds
  • Retail (Commercial)
  • 9,515 sq.ft.

[MLS®#: C4209582]* STRIP MALL AT VERY BUSY LOCATION IN SE CALGARY * FULLY LEASED TO SIX TENANS * RENTAL INCOME: $291,000(TRIPLE NET) * CAP RATE: 6.93% * BUILDING SIZE: 9,515 sqft * LOT SIZE: 17,523 sqft

Listing Provided By: CIR REALTY

Last Updated: 2018-10-04

$4,195,000

  • 6 Beds
  • 4 full, 1 half Baths
  • Detached
  • 4,083 sq.ft.

[MLS®#: C4196361]Traditional exterior fits PERFECTLY into coveted Mount Royal-w/steep roof pitches, paneling det...Read More

Listing Provided By: ROYAL LEPAGE BENCHMARK

Last Updated: 2018-12-14

$3,999,999

  • 5 Beds
  • 4 full, 1 half Baths
  • Detached
  • 4,588 sq.ft.

[MLS®#: C4126323]6800+ feet of developed luxury over 4 floors on a rare 75' wide lot overlooking Elbow river and...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-07-01

$3,995,000

  • 4 Beds
  • 3 full, 1 half Baths
  • Detached
  • 3,820 sq.ft.

[MLS®#: C4170828]REMARKABLE ESTATE IN THE HEART OF BRITANNIA. Custom built, architecture by Marvin DeJong, interiors...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-03-07

$3,995,000

  • 5 Beds
  • 5 full, 1 half Baths
  • Detached
  • 4,000 sq.ft.

[MLS®#: C4205300]Rarely does a residence with this level of detailed workmanship, design & character become avai...Read More

Listing Provided By: ROYAL LEPAGE BENCHMARK

Last Updated: 2018-10-04

$3,995,000

  • 6 Beds
  • 7 full, 2 half Baths
  • Detached
  • 4,157 sq.ft.

[MLS®#: C4216257]A unique opportunity to own in one of the city’s most sought-after communities. This mid-century in...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-11-16

$3,950,000

  • 5 Beds
  • 5 full, 2 half Baths
  • Detached
  • 5,327 sq.ft.

[MLS®#: C4141358]A remarkable Arts & Crafts two storey family residence meticulously built by Empire Custom Homes. Know...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-11-30

$3,950,000

  • 5 Beds
  • Hotel/Motel (Commercial)
  • 13,142 sq.ft.

[MLS®#: C4206115]Great opportunity to own Land, Building with Business.The 2-storey 33 unit motel flares a very modern...Read More

Listing Provided By: RE/MAX IREALTY INNOVATIONS

Last Updated: 2018-10-25

$3,900,000

  • 6 Beds
  • 5 full, 2 half Baths
  • Detached
  • 4,495 sq.ft.

[MLS®#: C4192850]Privacy is paramount on this .68 acre Inner-City property. Nestled at the end of a cul-de-sac in...Read More

Listing Provided By: SUTTON GROUP CANWEST

Last Updated: 2018-12-17

$3,895,000

  • 3 Beds
  • 3 full, 2 half Baths
  • Detached
  • 4,419 sq.ft.

[MLS®#: C4203374]Stunning river & valley views with inspiring design by elite estate builder Mairen Homes. This exe...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-10-19


CREB The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.