A variety of new properties have been listed in the last seven days, showcasing a broad price spectrum. Options include apartments priced around $250,000 and detached homes ranging from $300,000 to over $7 million, with an average price of $950,776.
Give me a call and we can chat about the current real estate market and found out what your goals are.
Gerard at 403-703-5548
The trend continues - the number of active listings increased from last week however the Calgary real estate market is projected to have increased sales, balanced market conditions (moving away from a sellers market), and moderate price growth. Demand is expected to remain above long-term trends, supported by a growing population, employment, lower mortgage rates and a supply of new and older homes.
Record-high new construction levels are adding supply to the market, contributing to an increase in resale listings. As more new homes are completed in 2025, the overall supply is projected to grow. This will offer a wide range of homes for prospective buyers to choose from.
If you are considering a ‘new build’, I can help you with that. The builder has a professional real estate professional representing their interests; you deserve the same.
Throughout my career, I have assisted many clients through this process. On their behalf, I have negotiated a better bottom line or purchase price with improvements and upgrades to the final purchase agreement.
Give me a call and we can chat!
In the Calgary real estate market over the past week, detached home prices saw a 5% increase year-over-year, while semi-detached homes saw a 4% increase, and townhouse prices decreased by 1.8%.
Here's a more detailed breakdown:
Detached Homes:
The average sold price for detached homes increased by 5% compared to March 2024, reaching $839,232.
Semi-Detached Homes:
The average sold price for semi-detached homes increased by 4% compared to March 2024, reaching $714,727.
Townhouses:
The average sold price for townhouses decreased by 1.8% compared to March 2024, reaching $471,953.
Condo Apartments:
The average sold price for condo apartments increased by 4% compared to March 2024, reaching $354,989.
Monthly Home Sales:
Calgary's monthly home sales saw a 19% yearly decline, with 2,159 homes sold
April 1, 2025
Uncertainty weighing on housing market.
Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.
“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”
March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type.
Improving supply has taken the pressure off home prices following the steep gains reported over the previous four years. In March, the unadjusted residential benchmark price reached $592,500, relatively stable compared to both last month and prices reported last March. Both detached and semi-detached prices remain consistent with peak prices and continue to rise, while apartment and row-style homes continue to report prices slightly lower than last year's peak.
To read the full report, go to: https://www.creb.com/News/Media_Releases/2025/April/March_2025_stats/
Each week, the number of active listings is on the rise. This trend indicates a shift towards a more balanced environment for buyers, offering them a greater variety of options that align with their preferences.
Thinking of selling? I would suggest acting sooner than later before the spring rush.
Thinking of buying? There are many options for you to consider in a variety of price points.
Give me a call and we can chat about your situation and the current real estate market.
Gerard at 403-703-5548
What a difference a week makes. The active listings in all categories has increased. The ‘seller’s’ market is shifting. If you are thinking of selling, I would highly recommend getting the property on the market sooner than later. Call me for experienced advice. Gerard at 403-703-5548
Happy St. Patrick’s Day!!
As anticipated, the number of listings in the City of Calgary continue to increase week over week. This upward trend reflects a bustling real estate market, influenced by a variety of factors such as a growing population, economic opportunities, and a renewed interest in urban living. Buyers and sellers alike are keenly observing these changes, with many eager to seize opportunities in this dynamic environment. As the city expands, new neighborhoods are emerging, each offering unique features and amenities that cater to diverse preferences and lifestyles. Whether you're looking for a vibrant downtown experience or a serene suburban setting, Calgary's real estate landscape is full of potential and promise.
Whether you are upsizing or downsizing, I can help. Give me a call and we can discuss your real estate needs and next steps.
Gerard at 403-703-5548
Note that the number of active listings has risen compared to the previous week, showing a steady increase over the past few weeks. If you're considering selling, let's have a conversation sooner rather than later, before the busy spring season kicks in.
Gerard at 403-703-5548
Low Inventory equates to a GOOD TIME TO SELL!
Give me a call or text and we can chat about next steps.
Gerard at 403-703-5548
The recent City of Calgary Housing Report which I shared earlier stated the following in regards to Detached Home:
Driven by gains from homes priced above $600,000, new listings reached 1,228 units in January, which is 29 per cent higher than last year. At the same time, sales activity slowed to 674 units, which brought levels in line with long-term trends. The improvement in new listings relative to sales did help support inventory gains. However, the 1,448 units in inventory are still nearly 27 per cent lower than levels we traditionally see in January, and the months of supply remained relatively low at just over two months.
The stats above confirm that the inventory levels for single family homes are definitely lower than what we see in January. This is a good time to consider selling if you are in the market to do so. Generally the inventory levels start to increase as we get closer to spring. Give me a call and we can chat about your real estate needs and concerns.
Gerard at 403-703-5548