TL;DR: August 2023 Housing Summary
Calgary’s real estate market saw significant growth in August, with total sales up by 27.89%, reaching 2,728. New listings increased by 15.26%, while active listings decreased by 31.55%. Prices are rising across the board, with the benchmark price up 7.90% to $570,700. The median price increased by 11.09%, reaching $487,000, and the average price rose by 7.72%, totaling $522,628. The days on market decreased by 28.57%, indicating faster sales. Year-to-date, total sales have declined by 14.14%, but prices continue to rise. In September, sales and new listings are up, with the median price jumping 14.58%.
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:
For more information or stats on the Calgary market please reach out to Jay Schultz (jayschultz@remax.net)
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