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 Calgary's October Market Statistics
Calgary, October 4, 2005 – 2005 MLS® sales have kept a steady
recording breaking pace in 2005, bringing the third quarter numbers
to the highest ever on record, according to statistics released by
the Calgary Real Estate Board.
September 2005 combined year-to-date sales
closed at 24,434 a 17.47 per cent increase over the end of 2004’s
third quarter, when the sales totaled 20,800. Listings at the end of
the third quarter were 32,890, down just 3.82 per cent from 2004,
when listings for the same period were 34,195.
“In 2004, year end sales totaled 26,463, we’re just at the end of
the third quarter for 2005 and with 24,434 sales changing hands;
we’ve almost exceeded the 2004 year end number. This has been a
record breaking year for real estate sales in Calgary and it simply
reflects low interest rates, migration, the strength of the of the
oil and gas sector, as well as the overall economy,” explained
Marilyn R. Jones, President of the Calgary Real Estate Board.
The number of combined residential sales for September 2005 was
2,647 up 24.51 per cent from the 2,126 recorded in September 2004
and down 5.06 per cent from August’s 2,788 sales. The breakdown of
the September 2005 combined sales was, 1,896 single-family
residences, 732 condominium, and 19 mobile homes. September 2004’s
breakdown was, 1,544; 562; and 20, respectively.
The average residential sale price for September 2005 was $253,944 a
14.92 per cent increase over September 2004, when the average price
was $220,982, and a 4.15 per cent increase over August 2005’s
average price of $243,835. Broken out, the following is a comparison
of single-family, condominium, and mobile home average sale prices
for the month of September 2005 over 2004: single-family $283,443 /
$243,611; condominium $183,134 / $164,951; and mobile home $38,381 /
$48,513.
Sales in the condominium market for September 2005 were 732 (the
highest September on record), showing a 30.25 per cent increase over
the 562 sales recorded in September 2004 and showing a 10.95 per
cent decrease over last months 822 condominium sales. The average
price of a condominium in September 2005 was $183,134, up 11.02 per
cent over September 2004 when the average price was $164,951 and up
0.35 percent over last month’s average price of 182,500.
September 2005 residential combined listings totaled 3,260, a
decrease of 11.24 per cent over September 2004’s listings of 3,673
and down 1.75 per cent from last month’s 3,318 listings. Year to
date combined residential listings for September 2005 were 32,890,
down just 3.82 per cent from 2004, when listings were 34,195.
Average price information can be useful in establishing trends over
time, but does not indicate actual prices in centres comprised of
widely divergent neighbourhoods or account for price differentials
between geographical areas. The median price is determined by
selecting the middle number of total sale prices – the residential
median for September 2005 was $223,500; up 1.91 per cent from last
month, when the median price was $219,303.
The Calgary Real Estate Board is a professional body of 4,840
licensed brokers and registered agents, representing 257 member
offices. 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.
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SINGLE
FAMILY |
2005 |
2004 |
2005 YTD |
2004 YTD |
%Change
|
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Average Sale
Price |
283,443 |
243,611 |
273,753 |
242,591 |
12.85% |
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Listings |
2,340 |
2,651 |
23,682 |
24,729 |
-4.23% |
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Sales |
1,896 |
1,544 |
1,7579 |
1,5264 |
15.17% |
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Dollar Volume |
537,407,219 |
376,135,230 |
4,812,309,764 |
3,702,908,543 |
29.96% |
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Sales to
Listing Ratio |
81.03% |
58.24% |
74.23% |
61.73% |
20.26% |
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Median Price |
248,900 |
222,900 |
243,900 |
220,000 |
10.86% |
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CONDOMINIUM |
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Average Sale
Price |
183,134 |
164,951 |
182,179 |
165,296 |
10.21% |
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Listings |
893 |
992 |
8,916 |
9,092 |
-1.94% |
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Sales |
732 |
562 |
6,728 |
5,394 |
24.73% |
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Dollar Volume |
134,053,768 |
92,702,500 |
1,225,701,789 |
891,604,650 |
37.47% |
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Sales to
Listing Ratio |
81.97% |
56.65% |
75.46% |
59.33% |
27.19% |
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Median Price |
164,000 |
150,000 |
162,500 |
150,000 |
8.33% |
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MOBILE |
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Average Sale
Price
(incl. in Residential) |
38,381 |
48,513 |
38,936 |
46,291 |
15.89% |
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Listings
(incl. in Residential) |
27 |
30 |
292 |
374 |
-21.93% |
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Sales
(incl. in Residential) |
19 |
20 |
127 |
142 |
-10.56% |
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Dollar Volume
(incl. in Residential) |
729,240 |
970,250 |
4,944,830 |
6,573,343 |
-24.77% |
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Sales to
Listing Ratio
(incl. in Residential) |
70.37% |
66.67% |
43.49% |
66.67% |
-34.76% |
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Median Price |
37,000 |
51,500 |
35,000 |
42,000 |
-16.67% |
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RURAL
w/HOME |
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Average Sale
Price |
491,456 |
452,508 |
500,366 |
438,445 |
14.12% |
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Listings |
152 |
185 |
1,525 |
1,545 |
-1.29% |
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Sales |
75 |
71 |
782 |
596 |
31.21% |
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Dollar Volume |
36,859,180 |
32,128,055 |
391,286,274 |
261,313,192 |
49.74% |
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Sales to
Listing Ratio |
49.34% |
38.38% |
51.28% |
38.58% |
32.93% |
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Median Price |
455,000 |
389,000 |
440,000 |
380,000 |
15.79% |
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RURAL LAND |
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Average Sale
Price |
248,272 |
205,589 |
295,913 |
233,350 |
26.81% |
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Listings |
70 |
78 |
539 |
547 |
-1.46% |
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Sales |
39 |
24 |
260 |
175 |
48.57% |
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Dollar Volume |
9,682,600 |
4,934,130 |
76,937,469 |
40,836,323 |
88.40% |
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Sales to
Listing Ratio |
55.71% |
30.77% |
48.24% |
31.99% |
50.77% |
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Median Price |
187,250 |
203,000 |
189,000 |
194,000 |
-2.58% |
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