December 2021 Calgary Real Estate Statistics Recap
If you're thinking about selling your home, now is the time. We are seeing an unprecedented amount of demand on all of our listings. Our marketing has continued to outpace the industry and has given us some impressive results for our sellers.
Our team is generating many multiple offer situations for our listings, with some homes selling well above list price and in certain instances unconditional offers sight unseen!
Why is this happening? Calgary is still one of the biggest major cities in Canada left that is still attractive (from an affordability perspective) to live in. While the weather may not be too convincing as of late, many buyers from out of province, and investors are targeting Calgary as the next big market to invest in (before its too late). Based on our analytics and December 2021 stats, we're generating over 60% more interest from previous months from out of town buyers looking to call Calgary and surrounding home.
Inventory again this month was down 29% year over year, with sales exceeding 40% from December 2020, and overall the city of Calgary recorded 27,686 sales, this is over 72% higher from last year and is over 44% higher than the 10 year average.
“Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. However, as is the case in many other cities, the supply has not kept pace with the demand causing strong price growth,” said CREB® Chief Economist Ann-Marie Lurie.
Overall in 2021, we saw a total benchmark price of $451,567 which is just shy of our previous annual record set back in 2015.
We'd also like to congratulate our TOP PRODUCERS / REALTORS® for 2021: Sean Galway and Tyler Maceachen tied as our #2 top producers, with Jonathan Ashkin taking the #1 spot in 2021. As a top performing team in Canada filled with talented real estate agents it's no easy feat!
December Calgary Real Estate Statistics
Latest Combined Calgary Real Estate Statistics: December 2021
- Benchmark Price $463,900
- Inventory 2,608
- Sales to New Listings Ratio 141%
- Months of Inventory/Supply 1.50 Months of supply (Down 51.0% Y/Y)
Year to Date Calgary Real Estate Statistics: December 2021
- Benchmark Price $451,567
- Sales to New Listings Ratio 74%
- Months of Inventory/Supply 2.30 Months of supply (Down 46% Y/Y)
DOM = Number of Days on Market
As of December 31st 2021, the average number of days on market for all property types combined was 58 days (YTD) while the month of December saw an average DOM of 47.
MLS® Listings in Calgary (New)
As of December 31st 2021 the total number of new active listings in the city of Calgary added to the market was 1,230 and in total there have been 37,668 YTD
Homes Sold in Calgary December 2021
The total number of homes sold for the month of December in Calgary was 1,737 which represents a 44.87% increase Y/Y. The total sales for 2021 are 27,686 which represents a 71.44% increase Y/Y.
Average Real Estate Prices in Calgary
In December 2021 the average price for a detached home in the city of Calgary was $587,413.
2021 Greater Calgary Regional Market Statistics
For best viewing, click the infographic to view as a PDF
Specific community spotlight real estate statistics
December 2021 Total Sales in Calgary
|Sales to New Listings Ratio||141.22%||73.50%||16.16%|
|Average Days on Market||47||39||-29.09%|
City Centre Calgary Statistics
|Sales to New Listings Ratio||121.15%||55.84%||16.48%|
|Average Days on Market||65||54||-14.29%|
North Calgary Statistics
|Sales to New Listings Ratio||146.10%||82.89%||15.28%|
|Average Days on Market||41||35||-32.69%|
Northeast Calgary Statistics
|Sales to New Listings Ratio||135.29%||70.48%||7.32%|
|Average Days on Market||51||40||-27.27%|
East Calgary Statistics
|Sales to New Listings Ratio||130.43%||69.86%||-3.37%|
|Average Days on Market||58||42||-20.75%|
Southeast Calgary Statistics
|Sales to New Listings Ratio||174.07%||87.63%||20.51%|
|Average Days on Market||35||33||-36.54%|
South Calgary Statistics
|Sales to New Listings Ratio||155.05%||82.84%||15.80%|
|Average Days on Market||38||33||-35.29%|
West Calgary Statistics
|Sales to New Listings Ratio||129.75%||72.45%||20.99%|
|Average Days on Market||47||42||-30.00%|
Northwest Calgary Statistics
|Sales to New Listings Ratio||145.76%||78.74%||16.31%|
|Average Days on Market||46||35||-31.37%|
Airdrie Real Estate Statistics
|Sales to New Listings Ratio||143.21%||90.37%||17.84%|
|Average Days on Market||35||34||-43.33%|
Calgary Detached Homes Statistics
|Sales to New Listings Ratio||155.88%||80.40%||15.65%|
|Average Days on Market||39||33||-34.00%|
Calgary Semi-Detached Homes Statistics
|Sales to New Listings Ratio||127.36%||74.46%||14.77%|
|Average Days on Market||50||39||-36.07%|
Calgary Row Home Statistics
|Sales to New Listings Ratio||156.52%||71.32%||18.53%|
|Average Days on Market||52||46||-24.59%|
Calgary Condominium Statistics
|Sales to New Listings Ratio||104.42%||55.18%||14.98%|
|Average Days on Market||67||60||-9.09%|
†Year-To-Date, year over year percent change.
‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View
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