Archive for the ‘Monthly Stats’ Category
Monday, April 6th, 2015
According to ATB’s monthly economic news letter The Owl, titled “Jobless Rate 2015 won’t come close to historic highs” we are in for a bit on an increase in unemployment (as high as just under 7% by the summer). The good news is it won’t be as drastic as in historical highs in Alberta such as 1984 (over 12%), 1993 (10%) and 2010 (7%). The reason given that we will not be hit quite as hard is that Alberta has a more diversified economy then in the aforementioned years of high unemployment.
The silver lining in the clouds is the balancing of the real estate market. The past few years have seen a furry of real estate activity, causing a heavily weighted seller’s market. This has driven prices upwards at a high rate, thus presenting a challenge to buyers to get into the market at a comfortable level. The recent months have caused the market to fall into a balanced market, meaning sellers are still selling relatively quickly as long as they are priced competitively, and buyers are having a better selection of homes to choose from at competitive prices. Sellers are no longer solely in the driving seat, but rather are having to cooperate with buyers in order to achieve that sale. This cooperative market is beneficial to everyone!
Check out ATB’s The Owl for further details on employment rates and economic forecasting, brought to us by Todd Hirsch and Nick Ford.
Tessa
Tags:ATB, Economy, Employment, Oil and Gas, The Owl
Posted in Airdrie, Alberta, Balzac, Business, Buyers, Calary Real Estate Website, Calgary, Calgary Real Estate, Calgary Real Estate Website, City, Cochrane, Community, Condo, Current Events, Downtown, Estate, financing, High Tech Website, Home, home buyers, Homes, homes sellers, House, Inner City, Land, Monthly Stats, Real estate, Real Estate Media, Realtor in Calgary, Realtor in Inner City Calgary, Realtor in NW Calgary, Realtor in SW Calgary, sellers | Comments Closed
Monday, March 23rd, 2015
Welcome Buyers and Sellers of Calgary!
After 6 months in the making, we have finally launched our new state-of-the-art website: www.corleyteam.com! This website is brought to you by you!!! After months of surveying our buyers and sellers about what they would want in a Real Estate Website, we came up with gem designed by our wonderful web designers at Redman Tech!
We hope you enjoy our great new features:
- our awesome biography pages with some fun additions
- our community stats page that has sales stats and live active statistics on all Calgary communities
- our new a beautiful blog
- our great new home search options
- our clearly defined seller’s and buyer’s services
- and so much more!
We look forward to your feedback and your future real estate business!
Posted in Airdrie, Alberta, Business, Buyers, Calgary, Calgary Real Estate, Calgary Real Estate Website, City, Cochrane, Community, Condo, Current Events, Daily Stats, Downtown, High Tech Website, Home, home buyers, Homes, homes sellers, House, Inner City, Monthly Stats, North West, Real estate, Real Estate Media, Realtor in Calgary, Realtor in Inner City Calgary, Realtor in NW Calgary, Realtor in SW Calgary, sellers, South West | Comments Closed
Sunday, February 1st, 2015
Wondering what is happening in the Calgary Real Estate market in 2015 so far? The numbers are in for the first month of 2015 and now might very well be your best opportunity to buy in the next several months or even year! Calgary listings are up year over year and sales are down. Don’t worry, it’s not doom and gloom. We have plenty of healthy real estate market to look forward to over the course of this year, just consider this little blip an adjustment towards a balanced market, compared to last year’s heated seller’s market!
January 2015 Stats
Total Listings on the Market: 2909 (up 74% from 2014)
Total January Sales: 598 (down 63% from 2014)
Sales to Listing Ratio: 28%
January 2014 Stats
Total Listings on the Market: 1671
Total January Sales: 974
Sales to Listing Ratio: 61%
Posted in Airdrie, Alberta, Balzac, Business, Buyers, Calgary, City, Cochrane, Community, Condo, Downtown, Home, home buyers, Homes, homes sellers, House, Inner City, Monthly Stats, North West, Real estate, Real Estate Media, Realtor in Calgary, Realtor in Inner City Calgary, Realtor in NW Calgary, Realtor in SW Calgary, sellers, Uncategorized | Comments Closed
Friday, January 21st, 2011
The exceptionally low real estate inventory combined with considerable buyer pent up demand has resulted in many new listings being sold within a short time, in some cases in multiple offers, however rarely exceeding list price. One example would be a property we had listed in Coventry Hills this month sold in 5 days at 98% of list price.
As a potential Seller we strongly recommend listing early in the year as there are many Buyers acitvely looking to buy with locked in low interest rates (that are the lowest in history and will ultimately only go up) as well as benefit from lower monthly payments with a 35 year amortization (that is reduced to a maximum 30 years as of March 18, 2011).
Buyer’s it is imprtant that you get your pre-qualifying in place for financing, as it is a competitve buying market and you will need to be prepared to write an offer as well priced properties are selling quickly.
If you are considering buying or selling, please call us directly at 403-796-4400 and we will show you how our superior Buyer and Seller programs will benefit you.
Tags:Amortization, Calgary, Economy, Real Estate Sales
Posted in Calgary, Daily Stats, home buyers, Homes, homes sellers, Monthly Stats, Real estate | Comments Closed
Friday, January 7th, 2011
Home and condo sales in Calgary and area remained relatively unchanged in December 2010, indicating that a full-fledged recovery in the housing market has yet to take hold, according to figures released on Tuesday by the Calgary Real Estate Board (CREB®).
Looking back in 2010, total single family home sales in the city of Calgary were 12,095, a decline of about 16 per cent from 2009, when total single family sales were 14,440. 2010 markes the lowest bumber of single family home sales since 1995, when 9534 single family homes were sold.
“Undoubtedly housing markets in Alberta and Calgary underperformed in 2010, as sales recoveries did not materialize as forecasted. In many ways, re-sales in 2010 showed a repeat of 2008, with a short lived resurgence in the first few months, when condidence returned to the market,” says Diane Scott, president of CREB®.
Calgary employment and net-migration being slower to recover – and are key drivers of our housing market. The good news is we are now seeing marked improvements in investment and employment in the energy sector. This coupled by improved affordability and low interest rates, will eventually translate into a gradual recovery of our housing market as we move into 2011.
For more detailed stats about your specific community/home/condo feel free to contact us at info@corleyteam.com. Even if your not actively in the market, it is always great to know what is going on in your community!
Tags:Calgary, calgary homes, Calgary real estate, Calgary Stats, Condo, Condominium, CREB, Homes, Housing
Posted in Buyers, Calgary, Condo, financing, home buyers, homes sellers, Monthly Stats, Real estate | Comments Closed
Wednesday, March 31st, 2010
More on the new CMHC Mortgage Rules for Real Estate
March 9, 2010 by Tessa Corley-Rae
I just spoke with my friend and mortgage broker Terry Caldie from the Mortgage Centre in Calgary about CMHC’s new mortgage regulations for homeowners and property investors. These new rules are nothing to panic about, in fact, up until 2 years ago these rules were exactly how CMHC ran any way. What people have to realize is that Convensional Mortgages (where people place 20% or more down as a down payment) are still exactly the same as they were before. However, the good news is buyers can still avoid CMHC with only 20% down, rather than the previous 25% that was required only months ago for a convensional mortgage. 2 years ago the government decided to create a “stimulous package” for buying property, this was inlight of the down turn in the economy that we have just pushed through. This “stimulous package” included relaxed rules for buying revenue properties, as well as large refinancing options.
Please see below for my interpretation of the new rules:
(more…)
Tags:Alberta, Calgary, canada, CMHC, Corley, Corley-Rae, First-Time Buyers, Loan, mortgage, Mortgages, Tessa
Posted in Alberta, Calgary, Cochrane, Condo, Daily Stats, Estate, Home, Homes, House, Inner City, Land, Lots, Monthly Stats, Real estate, Real Estate Media, Town, Uncategorized | Comments Closed
Monday, March 15th, 2010
Reuters
TORONTO — Sales of existing homes in Canada dipped for a second straight month in February, but remained high on a year-over-year basis, as the market may be moving into more balanced conditions, data showed on Monday.
The Canadian Real Estate Association (CREA) said a total of 42,799 homes changed hands last month, down 1.5% from January, as a large gain in sales in Toronto were offset by declines in Vancouver and other British Columbia housing markets.
The real estate group said the Winter Olympics, which were held in the host city of Vancouver and nearby areas, may have played a factor in lower sales in the province last month.
Unit sales in British Columbia were down 13.3% in February from January, compared with a 3.3% advance in Ontario.
Across Canada, sales rose 44% from the same month last year, a smaller gain in national activity from the previous three months. This was in line with economists’ views that year-over-year comparisons are likely to shrink in coming months because the recovery of the housing market started in February 2009.
“Housing markets are becoming more balanced,” said Gregory Klump,” CREA’s chief economist.
After a relatively short spell of low consumer confidence during the global financial crisis, Canadian homebuyers were quickly back in the market and have made the housing sector one of the cornerstones of the domestic economic recovery. The pace of the rebound has encouraged debate about a housing bubble.
But with rising supply — new listings rose for a fifth straight month, up 2.4% — it could take the steam out of the housing markets as the year goes on, said Mr. Klump.
Ultralow interest rates could further prompt home resales this spring before the arrival of new mortgage rules in April and changes to provincial sales tax regimes in British Columbia and Ontario, before cooling in the second half of the year.
“We should see the Canadian housing market move slowly back into a balanced-market position as higher mortgage rates and prices begin to temper demand,” said Millan Mulraine, economics strategist at TD Securities.
CREA said the national average home price in February rose 18.2% from a year earlier to $335,655 (US$329,074)
Posted in Alberta, Calgary, Estate, Home, Homes, House, Inner City, Monthly Stats, Real estate, Real Estate Media | Comments Closed
Wednesday, December 2nd, 2009
|
Single Family
(Calgary Metro)
|
November 2009
|
November 2008
|
Month Change
|
| Month End Inventory |
2658
|
5083
|
-47.71%
|
| New Listings Added |
1365
|
1567
|
-12.89%
|
| Sales |
1095
|
670
|
63.43%
|
| Ave Sale Price |
464,444
|
435,471
|
6.65%
|
| Median Price |
408,000
|
387,300
|
5.34%
|
|
Condominium
(Calgary Metro)
|
November 2009
|
November 2008
|
Month Change
|
| Month End Inventory |
1434
|
2399
|
-40.23%
|
| New Listings Added |
705
|
741
|
-4.86%
|
| Sales |
504
|
284
|
77.46%
|
| Ave Sale Price |
294,264
|
285,820
|
2.95%
|
| Median Price |
264,900
|
251,800
|
5.20%
|
|
Aspen Woods
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
49
|
80
|
-38.75%
|
14
|
23
|
-39.13%
|
| New Listings Added |
16
|
20
|
-20%
|
2
|
14
|
-85.71%
|
| Sales |
11
|
3
|
72.73%
|
0
|
0
|
0
|
| Ave Sale Price |
975,987
|
1,819,000
|
-46.35%
|
0
|
0
|
0
|
| Median Price |
662,500
|
625,000
|
5.66%
|
0
|
0
|
0
|
|
Cougar Ridge
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
13
|
38
|
-65.78%
|
5
|
8
|
-37.5%
|
| New Listings Added |
9
|
14
|
-35.71%
|
2
|
2
|
0
|
| Sales |
13
|
7
|
53.85%
|
0
|
0
|
0
|
| Ave Sale Price |
512,223
|
583,428
|
-12.2%
|
0
|
0
|
0
|
| Median Price |
485,000
|
527,500
|
-8.06%
|
0
|
0
|
0
|
|
Springbank Hill
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
58
|
95
|
-38.95%
|
15
|
18
|
-16.67%
|
| New Listings Added |
18
|
20
|
-10.0%
|
7
|
5
|
28.57%
|
| Sales |
8
|
3
|
38.5%
|
6
|
0
|
600.0%
|
| Ave Sale Price |
570,437
|
560,333
|
1.77%
|
421,166
|
0
|
|
| Median Price |
525,000
|
550,000
|
-4.55%
|
279,000
|
0
|
|
|
West Springs
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
29
|
53
|
-45.28%
|
4
|
10
|
-60.0%
|
| New Listings Added |
11
|
15
|
-26.67%
|
4
|
5
|
-20.0%
|
| Sales |
11
|
8
|
27.27%
|
0
|
2
|
-200%
|
| Ave Sale Price |
524,536
|
606,125
|
-13.46%
|
0
|
362,500
|
|
| Median Price |
499,900
|
490,000
|
1.98%
|
0
|
345,000
|
|
|
Strathcona Park
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
12
|
33
|
-63.64%
|
2
|
5
|
-60.0%
|
| New Listings Added |
7
|
14
|
-50.0%
|
0
|
2
|
-200%
|
| Sales |
6
|
4
|
33.33%
|
3
|
0
|
300%
|
| Ave Sale Price |
504,166
|
505,600
|
-0.28%
|
334,166
|
0
|
|
| Median Price |
550,000
|
365,000
|
33.64%
|
335,000
|
0
|
|
|
Connaught
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
3
|
3
|
0%
|
99
|
188
|
-47.34%
|
| New Listings Added |
0
|
0
|
0
|
48
|
70
|
-31.43%
|
| Sales |
0
|
0
|
0
|
54
|
12
|
77.78%
|
| Ave Sale Price |
0
|
0
|
0
|
324,534
|
287,900
|
11.29%
|
| Median Price |
0
|
0
|
0
|
285,000
|
255,000
|
10.53%
|
|
Hillhurst
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
15
|
25
|
-40.05
|
13
|
22
|
-40.91%
|
| New Listings Added |
3
|
5
|
-40.0%
|
4
|
3
|
25.0%
|
| Sales |
3
|
3
|
0
|
6
|
0
|
600%
|
| Ave Sale Price |
720,833
|
1,000,000
|
-27.92%
|
265,666
|
0
|
|
| Median Price |
775,000
|
680,000
|
12.26%
|
220,000
|
0
|
|
|
Sunnyside
Calgary
|
November 2009
Single Family
|
November 2008
Single Family
|
Month Change
Single Family
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
11
|
7
|
36.36%
|
17
|
24
|
-29.17%
|
| New Listings Added |
6
|
2
|
60.0%
|
4
|
7
|
-42.86%
|
| Sales |
4
|
0
|
400%
|
3
|
0
|
300%
|
| Ave Sale Price |
590,625
|
0
|
|
311,333
|
0
|
|
| Median Price |
455,000
|
0
|
|
300,000
|
0
|
|
|
Point McKay
Calgary
|
November
2009
Condominiums
|
November 2008
Condominiums
|
Month Change
Condominiums
|
| Month End Inventory |
12
|
19
|
-36.84%
|
| New Listings Added |
4
|
3
|
25.0%
|
| Sales |
1
|
4
|
-75.0%
|
| Ave Sale Price |
291,500
|
388,250
|
-24.92%
|
| Median Price |
291,500
|
348,000
|
-16.24%
|
The Calgary housing market is showing signs of a sustained recovery according to figures released by the Calgary Real Estate Board.
The number of single family homes sold in November 2009 in the city of Calgary were up 63% from the same time a year ago, while condominium sales saw an even steeper increase–up 77% from the same time last year.
“A healthy demand for homes combined with a steadily decreasing inventory is holding prices firm,” says Bonnie Wegerich, president of the Calgary Real Estate Board.
“Clearly low borrowing costs are helping to fuel this recovery,” says Wegerich. “Many buyers want to get in while mortgage rates remain at record lows. Better employment numbers and an improving economic outlook are giving the market an added boost.”
Posted in Aspen, Calgary, Condo, Cougar Ridge, Homes, Inner City, Monthly Stats, North West, Real estate, Uncategorized, West, West Springs | Comments Closed
Sunday, November 1st, 2009
|
Single Family Homes
|
October 2009
|
September 2009
|
August 2009
|
July 2009
|
|
Median Price
|
410,000
|
399,900
|
400,000
|
390,000
|
|
Average Sale Price
|
462,465
|
459,085
|
446,413*
|
436,782
|
|
Number of New Listings
|
1,819
|
1,857
|
1,910
|
2,089
|
|
Number of Sales
|
1,285
|
1,257
|
1,277
|
1,585
|
The following is written and published by the Calgary Real Estate Board:
Calgary, November 2, 2009 – The Calgary housing market continued to rebound in October, according to figures released by the Calgary Real Estate Board (CREB®).
“Calgary’s housing market has clearly turned a corner,” says Bonnie Wegerich, president of CREB®. “We expect there to be a few bumps on this road to recovery but we believe the worst is over. Home prices have held firm and edged upwards in some markets over the past months. This has helped buoy up the confidence of both buyers and sellers.”
(more…)
Tags:Agent, Alberta, Average Sale Price, Buyers, Calgary real estate, Calgary Stats, Condo, Condominiums, Condos, Corley, CREB, First-Time Buyers, Homes, homesbytessa, Housing, Listings, Median Sale Price, Open House, Rae, Real Estate Agent, Real Estate Professionals, Realtor, Sales, sales stats, Seller, Statistics, Tags: Calgary Real Estate, Tessa, tessacorleyrae, transportation
Posted in Alberta, Aspen, Calgary, Condo, Cougar Ridge, Daily Stats, Deerfoot, Home, Homes, Inner City, Monthly Stats, North West, NW, Open House, Real estate, Real Estate Media, Thorncliffe, Transit, Uncategorized, West, West Springs | Comments Closed
Thursday, October 1st, 2009
|
Single Family Homes
|
September 2009
|
August 2009
|
July 2009
|
June 2009
|
|
Median Price
|
399,900
|
400,000
|
390,000
|
399,000
|
|
Average Sale Price
|
459,085
|
446,413*
|
436,782
|
447,142
|
|
Number of New Listings
|
1,857
|
1,910
|
2,089
|
2,244
|
|
Number of Sales
|
1,257
|
1,277
|
1,585
|
1,837
|
Tags:Agent, Alberta, Average Sale Price, Buyers, Calgary, Calgary real estate, Calgary Stats, Condo, Condos, Corley, CREB, First-Time Buyers, Homes, Housing, Listings, Median Sale Price, Rae, Real Estate Agent, Real Estate Professionals, Realtor, Sales, sales stats, Seller, Statistics, Tags: Calgary Real Estate, tessacorleyrae, transportation
Posted in Alberta, Aspen, Calgary, Condo, Cougar Ridge, Daily Stats, Homes, Monthly Stats, Real estate, Real Estate Media, Uncategorized, West, West Springs | Comments Closed