Mira Crawford - Re/Max Classic Realty

MIRA CRAWFORD'S MARKET UPDATE

based on MLS:

Sales and listings continue to keep pace in November, according to statistics released by the Calgary Real Estate Board.

During the month of November 2004, combined residential listings new to the market numbered 2,676 units, a 17% decrease from last month’s 3,226, up only slightly from the 2,504 units, recorded in November 2003.

Broken out, 1,877 single-family units, 769 condominiums, and 31 mobile homes came to the market in November 2004. This compares to last month’s new listings of 2,241 single family units, 950 condominiums, and 35 mobile homes. In November of 2003, new listings totaled 1,825; 645, and 34 mobile homes, respectively.

Combined residential units sold in November 2004 totaled 1,996, down from October’s 2,135. Those numbers separated are, 1,389 / 1,550 single-family residences; 597 / 567 condominiums; and 10 / 18 mobile homes. November 2003 saw sales in the same categories of 1,226; 50; 7.

The average combined residential sale price in November 2004 was $229,114; up 1.9% from October’s $224,934. The average price recorded in the month of November 2003 was $221,391. Broken out, the following is a comparison of single family, condominium, and mobile home average sale prices for the month of November 2004 over last month’s sale prices; single-family $255,833 / $247,202, condominium $170,333 / $169,977, and mobile home $27,000 / $38,639. Selling prices for the same categories in November 2003 were as follows: $242,558; $163,988; $32,000.