December Summary from THE PHIL LEPAGE TEAM
- 2019 wrapped up with annual sales up 1% over last year.
- December sales have improved compared to the same period in 2018. Levels are now more consistent to activity seen during the years prior to 2018.
- Calgary real estate conditions continue to favour the buyer, although price declines, lower mortgage rates and some modest improvements in full-time employment helped support demand growth.
- With a 3% reduction in overall prices, the end of 2019 marks a 10% total decline in prices since the beginning of increased energy economy uncertainty in 2014.
- There are many indicators in the market pointing towards stabilization, but price, product, and location factors will still cause the majority of market variance in the city.
- Look for improvements in lower pricepoint products and resurgance in previously effected areas where prices have fallen enough to attract new buyers.
December 2019 In Review
858
Sales
$386,312,647
Total Sales Volume
1061
New Listings
4531
Inventory
80.87%
Sales to New Listings Ratio
66
Days on Market
$418,500
Benchmark Price
$400,500
Median Price
$450,248
Average Price
City of Calgary CREB Statistics
CALGARY DISTRICTS
CREB® Definitions
View the complete CREB November 2019 Statistics package
2019 Calgary Monthly Stats
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