Calgary Real Estate Market Statistics for December 2009

I'M Jeff Campbell of the Jeff Campbell Team with Century 21 the Professionals. We specialize in Calgary Real Estate.

Here are your Calgary Real Estate Stats for 2009. As you can see, single family homes, December 2009 versus a year ago December 2008, the inventory is drastically lower with 3800 homes last year to 2054 which is definitely a low supply creating an increase in value.

The number of homes sold, 799 versus 449. Three hundred and fifty more properties sold for 77% increase. That's probably the best signal in our market that everything is changed and it's a good healthy real estate market now. Average price is up $33,000.00 to $451,000.00. The median price is up $21,000.00 as well, which is kind of the middle house price that everything had sold for $401,000.00-again up 8% and 5% over the year before, December 2008.

The condo market, much the same story. Inventory down 659, the number of homes sold, up 136 to 341 condominiums sold. The average price up $13,000.00. The median price up $11,000.00. The condominium market this year was a little bit tougher than single family with all the new construction that was out there, kind of kept a little bit extra supply on the marketplace. Days on market for both single family here and condominiums were both 47 days versus 61, which means properties were selling a lot faster.

Another key stat that we would like to do at the end of the year is our Calgary Real Estate Stats comparing year over year information and what that is-is we've got 2009 versus 2008, the whole year average together.

So the homes for sale is just the inventory at the end of the year, so we won't pay attention to these numbers here. But the number of homes sold was 14,440 for the year, up 995 sales from the year before on single family homes. The average price as you can see is actually down $18,000.00 on a year average. So the average price in 2009 was $442,000.00. Median price $392,000.00. Days on market is down two days, so houses are selling two days faster on the yearly average. Condominiums year average versus year average, there was 767 more condominiums sold, so again that market has definitely picked up from the 2008-the average price is still down $18,000.00. The median price is still down $19,000.00, which is pretty close to the single family market and the average days on market stayed the same at 50.

There is your Calgary Real Estate Statistics, month over month and the full year over the full year. We look forward to a great 2010 real estate market. We think it's going to be an exciting year in the marketplace and it's going to be a good market, no more of the downward pressure on pricing and more of a steady upward rising of prices in the Calgary real estate market.

If you have any questions about the Calgary real estate market, Calgary homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit www.JeffCampbellTeam.com your Calgary Real Estate experts!