MLS Listing Realtor

Buying or Selling Calgary Real Estate

Tanja van de Kamp & Ariette van Pelt
Real Estate Professionals Inc
(403) 978-5267 | (403) 630-5190
Contact Us
MENUMENU
  • Home
  • Buy a Home in Calgary
    • Search All Homes
      • MLS Search by Detail
      • MLS Search by Map
      • Request Custom MLS Search
    • Listings By Property Type
      • Near CTrain Stations
      • Near Parks
      • Near Malls
      • Near Post-Secondary Schools
      • House Styles
      • Lake Communities
      • Condos
      • Walkout Basement
      • Mountain Views
      • New Homes for Sale
      • Handyman Specials
      • Foreclosures
      • Vacant Lots
      • Innercity R-C2 Zoned Lots
      • Rural
    • Listings by Region
      • City Centre
      • North West
      • West
      • South
      • South East
      • East
      • North East
      • North
      • Communities Near Calgary
        • Airdrie Homes for Sale
        • Chestermere Homes for Sale
        • Cochrane Homes for Sale
        • Okotoks Homes for Sale
    • Featured Listings
    • MLS Listed Last 7 Days
    • First-Time Home Buyers
    • Buying Tips
    • Member Login
  • Sell your home in Calgary
    • Sold data by community
    • Free Home Evaluation
    • Sell your home in Calgary
    • Selling Tips
  • Resources
    • Member Login
    • Open Houses in Calgary
      • City Centre Open Houses
      • East Open Houses
      • North Open Houses
      • North East Open Houses
      • North West Open Houses
      • South Open Houses
      • South East Open Houses
      • West Open Houses
    • Calgary Communities
    • What Do Homes Sell For In Calgary
    • What Do Condos Sell For In Calgary
    • First Time Home Buyers
    • Calgary Real Estate Statistics
    • Live statistics Calgary Real Estate
    • Mortgage Calculator
    • Real Estate Articles
    • Green Real Estate
      • Our Green Philosophy
      • Your Green Philosophy
      • Buying Green
      • Selling Green
  • Tanja and Ariette
    • Tanja and Ariette
    • Contact Us
    • Testimonials
    • Refer Us, Get Rewarded
    • Stroopwafel Fundraiser
    • Join Real Estate Team Calgary
    • Our Privacy Policy
  • Blog
  • Login
Home » Real estate stats April 2014

Real estate stats April 2014

May 6, 2014 By Calgary Real Estate Board CREB

Price gains encouraging new listings

Calgary, May 1, 2014 – Following a slow start to the year, improved weather and price gains supported new listings growth. New residential listings in April totaled 3,754 units, an eight per cent increase over the previous year. Meanwhile sales activity totaled 2,545 units for the month, a seven per cent increase over April 2013.
“Throughout 2014, the condominium apartment market has recorded new listing gains, while until April, the single-family sector saw a reduction in new listings,” says CREB® president Bill Kirk. “Many single-family homeowners have been waiting for further price gains and the start of the spring market to list their homes.”
Single-family sales in April totalled 1,736 units, representing a year-over-year gain of eight per cent and a year-to-date increase of nine per cent. Meanwhile, single-family new listings totalled 2,584 units in April, a 7.4 per cent increase over April 2013.
As new listing growth outpaced sales growth, inventory levels improved, easing some of the tightness in the market. However, it was not enough to push the market back into balance.

“While we did anticipate the rise in new listings this spring, certain segments of the market will likely remain tight,” says CREB® Chief Economist Ann-Marie Lurie. “The single-family market continues to record declining listings for product priced below $400,000. Meanwhile, the growth in listings in April was mostly due to gains in the $500,000 – $999,999 range.”

Condominium apartment sales totaled 449 units in April, for a year-to-date total of 1,511. April’s year-over-year sales growth of 4.7 per cent was outpaced by the 11.2 per cent rise in new listings. This resulted in a rise in inventory levels to 898 units, three per cent higher than levels recorded in 2013. It’s also the only sector within the city limits to record annual growth in inventory availability. This growth is in part related to more new home product becoming available.

“Improved selection in the market is welcome news,” says Kirk. “Many consumers are interested in entering the market but the lack of choice poses challenges. While we are still early in the season, if this trend continues, it should provide more opportunities for consumers who have been unsuccessful with finding properties.”

Price gains continued across all property types this month. The unadjusted single-family benchmark price totaled $496,700 in April, a 9.67 per cent increase over April 2013 and up 1.24 per cent over March figures. While the price gains are still higher than expected, the pace of growth has slightly eased.
Meanwhile, unadjusted benchmark prices for condominium apartment and townhouse properties totalled a respective $291,700 and $316,700 in April. Despite the year-over-year price gains of 11.6 per cent for apartments and 9.6 per cent for condominiums, prices continue to remain just shy of peak levels recorded in 2007.

“Gains in employment and net migration have supported demand growth in the housing sector,” says Lurie. However, with unadjusted prices only recently recovering in some sectors, it is not a surprise that resale supply has not kept pace. As prices continue to improve and lending rates remain low, this should help support further gains in new listings, easing some of the tightness in the market.”

Filed Under: Uncategorized

Search Calgary MLS

Show more

Tools

  • Sold prices in Calgary
  • Open houses in Calgary
  • Search Calgary MLS
  • Search Calgary MLS by Map

Text us or call

(403) 978-5267 | (403) 630-5190

Real Estate Professionals

202, 5403 Crowchild Trail NW


Real Estate On-The-Go

Complete MLS listings on your phone

Send us a Message

   

    Your Name (required)

    Your Email (required)

    Your Telephone (required)

    Do you have a Realtor?
    YesNo

    Your Message

    Free Sold Report

    Request a sold report to get information on sold prices, number of days on the market, original listing prices and listing details for Calgary communities.

    Get a free report delivered to your inbox every month.

    Request a Sold Report

    Testimonials

    Vivianne & Shaun

    Posted: August 5, 2015

    As first time home buyers, my husband and I were very apprehensive about many of the realtors we met at open houses. Our initial opinion was that realtors are not trustworthy and only want to make commission. This opinion has been completely changed by Tanja and Ariette!

    Read More Testimonials

    Real Estate Resources

    • Warranty on new-built homes in Alberta
    • Real Estate Stats June 2022
    • Secondary suite in Calgary
    • Tips for real estate photography when selling your home

     

    See More Resources

    Buy a Home in CalgarySell Your Home in CalgaryTanja and ArietteContact Us
      Real Estate Professionals

    Copyright © 2022 · Tanja van de Kamp & Ariette van Pelt · All Rights Reserved
    Real Estate Professionals Inc. · 202, 5403 Crowchild Trail NW
    Powered by the MLS · Privacy Policy