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October 2024 CREB Market Update

The Calgary Real Estate Board released their latest market report.  Sales gains for home priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

Detached Homes- benchmark price $753,900 an 8.1% increase since this time last year, with 2.05 months of supply.

Semi-detached Homes- benchmark price $677,000 an 8% increase since this time last year, with 2.05 months supply.

Row Housing- benchmark price $456,600, an 8.1% increase since this time last year, with 2.22 months of supply.

Apartments- benchmark price $341,700, an 11.4% increase since this time last year.  With 2.84 month of supply.

Airdrie market- unadjusted benchmark price of homes is $546,300, with 2.37 months of supply. Prices are up 5.3% since this time last year.

Cochrane market- unadjusted benchmark price of homes $571,800, with 2.34 months supply. Prices are up 6.1% since this time last year.

Okotoks market- unadjusted benchmark price of homes $618,300, an increase of 6.3% since this time last year.  With are 1.72 months of supply.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

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September 2024 CREB Market Update

The Calgary Real Estate Board released their lastet market report.  The market has shifted and the months of supply is up by 81.6%  and inventory up by 49.7% (since September 2023). We are reaching a balanced market, which is more stable situation for buyers and sellers.  

Detached Homes- benchmark price $757,100 this is a slight decline over prices last month, but a 9% increase since this time last year.

Semi-detached Homes- benchmark price $678,400, with just over 2 months supply currently favouring the seller.

Row Housing- benchmark price $459,200, with nearly 2 month supply which favours the sellers.  Prices are up by 10% since this time last year.

Apartments- benchmark price $345,000, with 75% of apartments priced over $300,000.  There is currently 3.2 month of supply and this is now a balanced market.

Aidrie market- unadjusted benchmark price of homes is $551,000, with 2.3 months of supply. Prices are up 7% since this time last year.

Cochrane market- unadjusted benchmark price of homes $578,300, with 3 months supply, making this a balanced market (this first time since the end of 2020).  Prices are up 9% since this time last year.

Okotoks market- unadjusted benchmark price of homes $630,300, this is 1% higher than last month, and 9% higher than this time last year.  There are 2 months of supply (not seen since early 2021).  

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

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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.