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Calgary Real Estate Market Update April 2014

Calgary Real Estate Market Update April 2014

All of Calgary’s residential sectors see an improvement in new listings

After a rather slow start to 2014, price gains and warmer weather has supported the growth of new listings in all of Calgary’s residential sectors.

April saw a total of 3,754 new listings, an 8 percent increase year over year. Total sales also grew year over year by 7 percent with 2,545 units sold.

Calgary Real Estate Market Update 2014 Year over Year Price Gains

Throughout 2014, many single-family owners have waited for warmer weather to sell their homes. This statistic is reflected in the fact that April is the first month of the year that saw a gain in new listings for the single-family sector.

On the other hand, the condominium market has had no problems with new listings thus far in 2014 which comes as no surprise with a consistently active new and resale condo market over the past several months.

Calgary Real Estate Single-Family Market Update

  • 1,736 total sales, a year over year increase of 8 percent and year-to-date gain of 9 percent
  • 2,584 new listings, a 7.4 percent increase year over year
  • $496,700 benchmark price, a year over year increase of 9.67 percent and 1.24 percent increase over last month

Improved new listings have released some of tightness in the current market; however, it was not enough to push it back into buyers’ territory.

Calgary Real Estate Condominium / Townhome Market Update

  • 449 total sales, a 4.7 percent increase year over year
  • 1,511 year-to date sales
  • 898 units in inventory with an 11.2 percent increase in new listings
  • $291,700 condominium apartment benchmark price, an 11.6 percent gain year over year
  • $316,700 townhome benchmark price, a 9.6 percent gain year over year
  • Despite the year over year benchmark price gains, figures still remain slightly lower than peak levels of 2007

*Sourced from CREB®

With the increase in new listings for Calgary’s residential sectors, buyers have more opportunities to find the right property that will fit their wants, needs and lifestyle to the fullest.

More Market Updates

Calgary Real Estate Market Update March 2014

Calgary Real Estate Market Update February 2014

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