So what's currently happening in Calgary's real estate market?
Mario Toneguzzi
PROFESSIONAL MEDIA EXPERT - NAMED A TOP 10 BUSINESS JOURNALIST IN THE WORLD
Gary McLean is a veteran of Calgary's residential real estate market having seen its ups and downs for the past three decades.
The realtor with RE/MAX Real Estate Central says it is important not to compare one bad year (2016) with another (2015) but go back to 2014 ''when housing prices peaked five months before oil crashed.'' That will give us a ''correct perspective on what is currently happening.''
McLean is an expert in housing market stats. They truly tell the story.
Below are some stats he has put together.
Active Listings Condos
2016 - 2339
2015 - 2106
2014 - 1001
Solds in the first 27 days of February
2016 - 311
2015 - 374
2014 - 582
Active Single Family dwellings
2016 - 3534
2015 - 3505
2014 - 1894
Solds in the first 27 days of February
2016 - 721
2015 - 799
2014 - 1160
McLean says the sales-to-listing ratio is determined by dividing sales into the number of active listings to determine how many homes are selling compared to what is for sale.
Condos
2016 - 1 selling for every 7.5 on the market
2015 - 1 selling for every 5.6 on the market
2014 - 1 selling for every 1.2 on the market
Single Family
2016 - 1 selling for every 4.9 on the market
2015 - 1 selling for every 4.4 on the market
2014 - 1 selling for every 1.6 on the market
Sales & Marketing Director - Axiom | Temporary Surface Protection
8 年Ralph Cockburn
Thanks for bringing into perspective!
Helping emerging & high growth ventures connect, collide & thrive with KPMG High Growth Ventures at Platform Innovation Centre ??
8 年What about sales not tracked through MLS? Like new homes, condos or Villas direct from a builder or developer not listed on MLS? The majority of MLS listings are used homes whereas new product rarely gets recognition and we know that new home sales make up a part of the Calgary housing industry. From families relocating and looking for new homes to renters buying new. I just sold two Villas in the past two weeks, and one to a couple from Vancouver who are taking advantage of their market cycle and ours. Both properties are not listed on MLS and would not make these types of statistics. This is also an excellent time for new home buyers to take advantage of low interest rates and purchase a new home which possibly would not be listed on MLS.
Leadership Coach; Instructor, Faculty of Social Work, University of Calgary
8 年I really like the way this was broken down. Than you Mario.