Since the dog days of summer have passed here is the August Housing Summary for the Calgary area in 2023
In August 2023, the Calgary real estate market showed significant growth compared to the previous year. Total sales increased by 27.89%, reaching 2,728 sales. New listings also saw a 15.26% increase, reaching 3,134 listings. However, active listings decreased by 31.55% to 3,278, indicating lower inventory.
Prices are rising!
The benchmark price for properties within city limits rose by 7.90% to $570,700, while the median price increased by 11.09% to $487,000, and the average price grew by 7.72% to $522,628. The days on market decreased by 28.57%, indicating faster sales at 25 days.
Annual data
When looking at the annual data, total sales in 2023 year-to-date (YTD) declined by 14.14% compared to 2022 YTD. New listings also decreased by 21.15%. However, the median price increased by 2.60%, and the average price saw a 3.11% increase.
September so far
In September 2023, total sales increased by 23.23% compared to the same period in the previous year. New listings also saw an 18.68% increase. Active listings remained stable, and the median price increased by 14.58%, with the average price showing a substantial 15.43% increase. Days on market decreased by 38.46%.
Please note that the provided data is based on properties within city limits. These statistics demonstrate the dynamics of the Calgary real estate market, showcasing trends in sales, listings, pricing, and market activity over the specified timeframes.
Info has been gathered from Calgary Real Estate Board (CREB)
Check out the most expensive sale in Calgary in August 2023:
Welcome to a living experience, in this stunning executive home! This residence showcases an design that seamlessly combines modern elements with timeless sophistication. The exterior of the house harmoniously blends glass, stone, stucco and wooden panels creating an integration with the surrounding natural environment.
As you step into the entrance hall you’ll be greeted by a living room featuring an impressive fireplace and floor to ceiling windows that fill the space with abundant natural light from the west. The open concept floor plan effortlessly connects to the gourmet kitchen making it ideal for hosting dinners or enjoying cozy family evenings. For gatherings there is a modern glass wine room that links the dining room and kitchen ensuring a sense of seclusion.
In addition to these features this home offers an office space with 12 foot ceilings and a large terrace that provides views of Elbow Park. On the level you’ll discover a primary suite complete, with a dressing room luxurious soaking tub, dual vanities, steam shower and heated flooring – all overlooking the serene backyard resembling your own private park. Lastly on the rooftop patio awaits an oasis where you can enjoy awe inspiring views of the city skyline while contemplating adding a tub for ultimate relaxation.
The lower level of this Calgary home has been fully developed with a recreation room, sitting room, a bedroom, with its ensuite, a mudroom and access to the attached garage featuring heated elements. Notable upgrades include a garage, a heating system, architectural metal panels, window coverings that can be controlled remotely built in cabinets and low maintenance landscaping.
This exceptional Calgary property offers 4,540 feet of living space and provides convenient access to amenities while being situated in a serene park like setting. It exemplifies the essence of living with its design and top of the line features. Don’t miss out on this opportunity to indulge in the luxury living experience.
For more information or stats on the Calgary market please reach out to Jay Schultz (jayschultz@remax.net) or Sean Cochlan (seancochlan@remax.net)
Feel free to browse any high end listings on our site as well: LINK <—— 2 million dollars and up!
