February 2022 Calgary Real Estate Statistics Recap
Here's a glimpse of how our team took control of the booming February market. This luxury home we listed generated so much demand and interest online from our coming soon campaign, including a tiktok seen by thousands, and a paid targeted Youtube campaign seen by over 10,000! Allowed us to sell this luxury home in Legacy for over ONE MILLION DOLLARS, it even sold above list price. We listed this home at $1,050,000 and there have only been three sales on the MLS® in Legacy over $1,000,000
Statistics and information provided courtesy of the Calgary Real Estate Board ® CREB
@yycre Million dollar tour in a new listing in Legacy ! With @calgaryhomes #yyc #calgaryhomes #yycre #yychomes #yyz #yvr #toronto #vancouver ♬ original sound - REAL ESTATE PARTNERS
Inventory in Calgary has come up to 3,600 units, this represents a decrease of 20.4% year over year, but is less of a spread from our previous month which saw a 35% decrease. This means we're starting to see an increase in inventory which is a great sign for buyers who have been competing non stop to get into the market, with a recent increase in interest rates, the pressure is still on, but a continued increase in inventory could definitely lead to a cooler or more balanced market.
“Sales have been somewhat restricted by the lack of supply choice in the market. While sellers did respond with a record level of new listings this month, the demand has been so strong that the housing market continues to remain undersupplied causing further price gains” said CREB® Chief Economist Ann-Marie Lurie
That record Ann-Marie spoke of is a staggering 4,652 new listings! which is over 60% more than what we saw year over year, with sales hitting 3,305 an increase of over 80% year over year.
February Calgary Real Estate Statistics
For optimal viewing, click the infographic to view as a PDF
Latest Combined Calgary Real Estate Statistics: February 2022
- Benchmark Price $499,400
- Inventory 3,600
- Sales to New Listings Ratio 71%
- Months of Inventory/Supply 1.09 Months of supply (Down 56.0% Y/Y)
Year to Date Calgary Real Estate Statistics: February 2022
- Benchmark Price $485,850
- Sales to New Listings Ratio 74%
- Months of Inventory/Supply 1.17 Months of supply (Down 58.0% Y/Y)
DOM = Number of Days on Market
As of February 28th 2022, the average number of days on market for all property types combined was 31 days (YTD) while the month of February saw an average DOM of 25.
MLS® Listings in Calgary (New)
As of February 28th 2022, the total number of new active listings in the city of Calgary added to the market was 4,653 and in total there have been 7,495 YTD
Homes Sold in Calgary February 2022
The total number of homes sold for the month of February in Calgary was 3,306 which represents a 80.56% increase Y/Y. The total sales for 2022 are 5,586 which represents a 75.00% increase Y/Y.
Average Real Estate Prices in Calgary
In February 2022 the average price for a detached home in the city of Calgary was $677,672.
2022 Greater Calgary Regional Market Statistics
For best viewing, click the infographic to view as a PDF
Specific community spotlight real estate statistics
Discovery Ridge Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 3 | 8 | -50.00% |
| New Listings | 5 | 7 | -58.82% |
| Sales to New Listings Ratio | 60.00% | 114.29% | 20.17% |
| Inventory | 1 | 1 | -88.89% |
| Average Days on Market | 3 | 33 | -19.51% |
| Benchmark Price | 986,500 | 976,400 | 0.00% |
| Average Price | 934,167 | 932,250 | 17.29% |
| Median Price | 870,000 | 826,250 | 5.59% |
Cranston Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 44 | 68 | 51.11% |
| New Listings | 66 | 98 | 50.77% |
| Sales to New Listings Ratio | 66.67% | 69.39% | 0.16% |
| Inventory | 36 | 26 | -27.78% |
| Average Days on Market | 7 | 9 | -76.32% |
| Benchmark Price | 648,700 | 623,100 | 0.00% |
| Average Price | 682,267 | 721,988 | 29.88% |
| Median Price | 620,000 | 676,750 | 26.97% |
Hillhurst Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 5 | 12 | 50.00% |
| New Listings | 8 | 16 | -11.11% |
| Sales to New Listings Ratio | 62.50% | 75.00% | 30.56% |
| Inventory | 10 | 9 | -50.00% |
| Average Days on Market | 14 | 39 | -35.00% |
| Benchmark Price | 637,500 | 625,050 | 0.00% |
| Average Price | 754,850 | 848,004 | 19.14% |
| Median Price | 765,000 | 770,000 | 37.50% |
Oakridge Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 6 | 8 | 14.29% |
| New Listings | 9 | 11 | 10.00% |
| Sales to New Listings Ratio | 66.67% | 72.73% | 2.73% |
| Inventory | 5 | 4 | 0.00% |
| Average Days on Market | 3 | 4 | -66.67% |
| Benchmark Price | 686,700 | 673,800 | 0.00% |
| Average Price | 621,670 | 652,878 | 6.61% |
| Median Price | 596,000 | 642,500 | 14.53% |
Tuscany Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 37 | 51 | 24.39% |
| New Listings | 47 | 67 | 15.52% |
| Sales to New Listings Ratio | 78.72% | 76.12% | 5.43% |
| Inventory | 17 | 12 | -45.45% |
| Average Days on Market | 7 | 6 | -70.00% |
| Benchmark Price | 593,100 | 566,100 | 0.00% |
| Average Price | 695,627 | 681,153 | 20.74% |
| Median Price | 667,000 | 645,000 | 25.98% |
Vista Heights Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 2 | 6 | 50.00% |
| New Listings | 2 | 3 | 50.00% |
| Sales to New Listings Ratio | 100.00% | 200.00% | 0.00% |
| Inventory | 1 | 1 | 0.00% |
| Average Days on Market | 12 | 46 | 12.20% |
| Benchmark Price | 404,800 | 399,550 | 0.00% |
| Average Price | 442,500 | 425,783 | 3.44% |
| Median Price | 442,500 | 417,000 | 0.96% |
Nolan Hill Detached Homes
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 16 | 23 | 130.00% |
| New Listings | 28 | 34 | 88.89% |
| Sales to New Listings Ratio | 57.14% | 67.65% | 12.09% |
| Inventory | 14 | 8 | 0.00% |
| Average Days on Market | 5 | 10 | -60.00% |
| Benchmark Price | 575,500 | 552,700 | 0.00% |
| Average Price | 763,761 | 743,073 | 40.65% |
| Median Price | 748,350 | 745,700 | 45.06% |
February 2022 Total Sales in Calgary
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 3,307 | 5,312 | 74.85% |
| New Listings | 4,652 | 7,129 | 39.78% |
| Sales to New Listings Ratio | 71.09% | 74.51% | 14.94% |
| Inventory | 3,599 | 3,113 | -27.27% |
| Average Days on Market | 25 | 32 | -34.69% |
| Benchmark Price | Insufficient Data | Insufficient Data | Insufficient Data |
| Average Price | 547,740 | 534,215 | 11.12% |
| Median Price | 520,000 | 500,000 | 16.28% |
City Centre Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 628 | 1,024 | 60.50% |
| New Listings | 923 | 1,572 | 11.10% |
| Sales to New Listings Ratio | 68.04% | 65.14% | 20.05% |
| Inventory | 1,195 | 1,117 | -26.80% |
| Average Days on Market | 43 | 49 | -22.22% |
| Benchmark Price | 516,700 | 509,000 | 0.00% |
| Average Price | 602,795 | 605,070 | 5.35% |
| Median Price | 530,000 | 540,000 | 2.96% |
North Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 447 | 683 | 105.11% |
| New Listings | 635 | 901 | 80.56% |
| Sales to New Listings Ratio | 70.39% | 75.80% | 9.07% |
| Inventory | 340 | 263 | -28.14% |
| Average Days on Market | 16 | 21 | -53.33% |
| Benchmark Price | 465,500 | 449,700 | 0.00% |
| Average Price | 537,521 | 520,333 | 22.02% |
| Median Price | 528,900 | 505,000 | 20.81% |
Northeast Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 413 | 723 | 151.92% |
| New Listings | 757 | 1,073 | 120.33% |
| Sales to New Listings Ratio | 54.56% | 67.38% | 8.45% |
| Inventory | 518 | 377 | -3.83% |
| Average Days on Market | 18 | 28 | -37.78% |
| Benchmark Price | 401,500 | 389,150 | 0.00% |
| Average Price | 445,104 | 425,562 | 24.50% |
| Median Price | 440,000 | 419,000 | 23.24% |
East Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 97 | 166 | 84.44% |
| New Listings | 139 | 214 | 38.96% |
| Sales to New Listings Ratio | 69.78% | 77.57% | 19.13% |
| Inventory | 111 | 97 | -7.62% |
| Average Days on Market | 31 | 37 | -7.50% |
| Benchmark Price | 336,300 | 330,650 | 0.00% |
| Average Price | 322,471 | 323,451 | 18.21% |
| Median Price | 341,800 | 339,950 | 20.07% |
Southeast Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 466 | 711 | 68.88% |
| New Listings | 599 | 904 | 48.68% |
| Sales to New Listings Ratio | 77.80% | 78.65% | 9.41% |
| Inventory | 328 | 272 | -31.49% |
| Average Days on Market | 16 | 22 | -51.11% |
| Benchmark Price | 515,500 | 497,150 | 0.00% |
| Average Price | 536,136 | 521,410 | 19.63% |
| Median Price | 525,250 | 510,000 | 24.39% |
South Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 538 | 847 | 52.06% |
| New Listings | 644 | 1,024 | 30.61% |
| Sales to New Listings Ratio | 83.54% | 82.71% | 11.66% |
| Inventory | 400 | 364 | -31.71% |
| Average Days on Market | 22 | 26 | -39.53% |
| Benchmark Price | 482,200 | 470,200 | 0.00% |
| Average Price | 510,372 | 496,746 | 11.74% |
| Median Price | 513,250 | 506,000 | 19.06% |
West Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 336 | 567 | 63.87% |
| New Listings | 453 | 685 | 11.75% |
| Sales to New Listings Ratio | 74.17% | 82.77% | 26.33% |
| Inventory | 354 | 315 | -42.62% |
| Average Days on Market | 30 | 37 | -31.48% |
| Benchmark Price | 604,900 | 588,900 | 0.00% |
| Average Price | 661,182 | 642,769 | 3.74% |
| Median Price | 645,750 | 621,000 | 6.34% |
Northwest Calgary Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 377 | 585 | 60.71% |
| New Listings | 496 | 742 | 39.47% |
| Sales to New Listings Ratio | 76.01% | 78.84% | 10.42% |
| Inventory | 335 | 288 | -27.46% |
| Average Days on Market | 21 | 29 | -34.09% |
| Benchmark Price | 564,000 | 548,450 | 0.00% |
| Average Price | 597,207 | 580,184 | 15.80% |
| Median Price | 593,500 | 580,000 | 21.40% |
Airdrie Real Estate Statistics
"Persistently tight market conditions continue to place upward pressure on prices. In January, the total residential benchmark price rose by nearly three per cent over last month to $408,900. Most of the increase was due to significant gains recorded for both " - Calgary Real Estate Board
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 289 | 434 | 63.77% |
| New Listings | 385 | 545 | 44.95% |
| Sales to New Listings Ratio | 75.06% | 79.63% | 9.15% |
| Inventory | 189 | 147 | -43.89% |
| Average Days on Market | 17 | 18 | -63.27% |
| Benchmark Price | 430,600 | 419,750 | 0.00% |
| Average Price | 506,014 | 493,132 | 25.53% |
| Median Price | 525,000 | 499,500 | 28.08% |
Calgary Detached Homes Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 1,907 | 3,053 | 64.67% |
| New Listings | 2,875 | 4,170 | 55.25% |
| Sales to New Listings Ratio | 66.33% | 73.21% | 4.19% |
| Inventory | 1,687 | 1,292 | -28.42% |
| Average Days on Market | 14 | 21 | -51.16% |
| Benchmark Price | Insufficient Data | Insufficient Data | Insufficient Data |
| Average Price | 677,652 | 658,265 | 15.88% |
| Median Price | 625,000 | 605,000 | 20.52% |
Calgary Semi-Detached Homes Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 297 | 496 | 55.49% |
| New Listings | 392 | 658 | 41.20% |
| Sales to New Listings Ratio | 75.77% | 75.38% | 6.93% |
| Inventory | 309 | 275 | -23.61% |
| Average Days on Market | 26 | 29 | -39.58% |
| Benchmark Price | Insufficient Data | Insufficient Data | Insufficient Data |
| Average Price | 562,319 | 560,624 | 11.56% |
| Median Price | 510,000 | 510,000 | 24.39% |
Calgary Row Home Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 537 | 841 | 105.12% |
| New Listings | 693 | 1,058 | 28.24% |
| Sales to New Listings Ratio | 77.49% | 79.49% | 29.79% |
| Inventory | 535 | 480 | -35.40% |
| Average Days on Market | 30 | 40 | -31.03% |
| Benchmark Price | Insufficient Data | Insufficient Data | Insufficient Data |
| Average Price | 366,713 | 355,897 | 11.24% |
| Median Price | 356,118 | 340,000 | 15.25% |
Calgary Condominium Statistics
| Feb-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 566 | 922 | 102.64% |
| New Listings | 692 | 1,243 | 10.69% |
| Sales to New Listings Ratio | 81.79% | 74.18% | 33.66% |
| Inventory | 1,068 | 1,065 | -22.38% |
| Average Days on Market | 57 | 62 | -7.46% |
| Benchmark Price | Insufficient Data | Insufficient Data | Insufficient Data |
| Average Price | 274,133 | 271,896 | 6.81% |
| Median Price | 252,750 | 246,000 | 7.42% |
*Year-To-Date as of March 1, 2022
†Year-To-Date, year over year percent change.
‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View
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