August 2023 Calgary Real Estate Statistics Recap

Are you ready for some interesting Calgary real estate statistics?! We've got the inside scoop on what's happening in the market in August 2023, and you won't want to miss it! Whether you're a seasoned buyer or a first-time seller, these stats are a must-read for anyone interested in the Calgary real estate scene.

So, what's the current state of the Calgary real estate market? Are home prices skyrocketing, or are they more affordable than ever? How many new listings are hitting the market, and is now a good time to buy or sell? We've got all the answers and more, so buckle up and get ready for a wild ride through the Calgary real estate market.

From stunning homes in the heart of the city to sprawling estates in the suburbs, the Calgary real estate market has something for everyone with our expert analysis and in-depth statistics, you'll be able to navigate the market with ease and confidence.

So, what are you waiting for? Dive into our blog on Calgary Real Estate Statistics for August 2023, and discover the latest trends, insights, and insider information that will give you a competitive edge in the market.  

Latest Combined Calgary Real Estate Statistics: August 2023

  • Benchmark Price $570,700
  • Inventory 3,254
  • Sales to New Listings Ratio 87%
  • Months of Inventory/Supply  1.19 Months of supply (Down 47% Y/Y)

Year to Date Calgary Real Estate Statistics: August 2023

  • Benchmark Price $549,875
  • Sales to New Listings Ratio 80%
  • Months of Inventory/Supply 1.27  Months of supply (Down 4% Y/Y) 

DOM = Number of Days on Market 

As of August 6th 2023, the average number of days on market for all property types combined was 26 days (YTD) while the month of August saw an average DOM of 25


MLS® Listings in Calgary (New) 

As of August 6th 2023, the total number of new active listings in the city of Calgary added to the market was 3,131 and in total there have been 26,656 YTD 


Homes Sold in Calgary August 2023

The total number of homes sold for the month of August in Calgary was 2,722 this represents a 27.61% decrease Y/Y. The total sales for 2023 are 21,039 which represents a 12.90% decrease Y/Y.  


Average Real Estate Prices in Calgary 

In August 2023 the average price for a detached home in the city of Calgary was $522,714

 

Specific community spotlight real estate statistics 

Elbow Park Detached Homes Statistics 

 Aug-23YTD*Y/Y% 
Sales 4 39 8.33%
New Listings 9 61 5.17%
Inventory 17 10 -9.09%
Sales To New Listings Ratio 44.44% 63.93% 3.00%
Benchmark Price 1,594,100 1,495,450 1.47%
Median Price 2,139,950 1,875,000 38.12%
Average Price 2,092,475 1,929,767 25.58%
Average Days on Market 42 38 11.76%

 

Mayland Heights Detached Homes Statistics 

 Aug-23YTD*Y/Y% 
Sales 2 34 -15.00%
New Listings 5 43 -18.87%
Inventory 5 3 -57.14%
Sales To New Listings Ratio 40.00% 79.07% 4.77%
Benchmark Price 563,800 531,025 8.84%
Median Price 519,500 538,250 11.09%
Average Price 519,500 533,090 7.73%
Average Days on Market 5 18 -37.93%

West Springs Detached Homes Statistics 

 Aug-23YTD*Y/Y% 
Sales 3 76 -37.19%
New Listings 8 102 -32.89%
Inventory 15 11 -35.29%
Sales To New Listings Ratio 37.50% 74.51% -6.41%
Benchmark Price 1,044,900 963,112 6.17%
Median Price 1,200,000 995,000 10.56%
Average Price 1,188,333 1,045,531 4.41%
Average Days on Market 9 21 5.00%

 

Riverbend Detached Homes Statistics

 Aug-23YTD*Y/Y% 
Sales 9 68 -25.27%
New Listings 10 74 -28.85%
Inventory 6 5 -28.57%
Sales To New Listings Ratio 90.00% 91.89% 5.02%
Benchmark Price 600,500 566,400 9.24%
Median Price 590,000 590,000 15.91%
Average Price 586,611 599,824 18.42%
Average Days on Market 21 16 0.00%

Thorncliffe Detached Homes Statistics

 Aug-23YTD*Y/Y% 
Sales 9 59 -11.94%
New Listings 8 69 -32.35%
Inventory 5 7 -50.00%
Sales To New Listings Ratio 112.50% 85.51% 30.17%
Benchmark Price 545,300 512,937 7.20%
Median Price 560,000 547,500 9.72%
Average Price 580,556 549,897 9.87%
Average Days on Market 29 22 -4.35%

*Year-To-Date as of September 15, 2023
Year-To-Date, year over year percent change.

2023 Greater Calgary Regional Market Statistics

City Centre Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 582 4,311 5.53%
New Listings 690 6,120 -6.31%
Inventory 1,029 1,104 -21.20%
Sales To New Listings Ratio 84.35% 70.44% 12.63%
Benchmark Price 596,700 586,887 1.14%
Median Price 395,000 420,000 -12.13%
Average Price 529,267 559,742 -3.04%
Average Days on Market 35 35 -10.26%

 

North Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 315 2,314 -25.16%
New Listings 372 2,740 -30.67%
Inventory 309 261 -38.44%
Sales To New Listings Ratio 84.68% 84.45% 7.94%
Benchmark Price 542,600 521,075 4.67%
Median Price 500,000 495,250 2.11%
Average Price 507,528 500,781 1.04%
Average Days on Market 19 20 -4.76%

 

Northeast Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 337 2,493 -13.04%
New Listings 443 3,097 -31.19%
Inventory 450 382 -46.80%
Sales To New Listings Ratio 76.07% 80.50% 26.37%
Benchmark Price 480,200 452,250 7.17%
Median Price 448,000 441,000 7.96%
Average Price 448,715 443,712 6.53%
Average Days on Market 22 27 -3.57%

 

 

East Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 86 588 -20.11%
New Listings 93 697 -28.07%
Inventory 92 80 -45.95%
Sales To New Listings Ratio 92.47% 84.36% 11.07%
Benchmark Price 393,400 365,250 10.85%
Median Price 378,250 370,550 8.99%
Average Price 363,684 353,012 9.10%
Average Days on Market 21 23 -23.33%

 

Southeast Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 355 2,444 -25.53%
New Listings 358 2,836 -28.87%
Inventory 298 293 -26.01%
Sales To New Listings Ratio 99.16% 86.18% 4.69%
Benchmark Price 560,300 537,062 3.82%
Median Price 525,000 515,000 5.51%
Average Price 538,571 533,409 4.87%
Average Days on Market 21 22 10.00%

 

South Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 486 3,403 -15.35%
New Listings 570 4,086 -19.84%
Inventory 491 421 -27.66%
Sales To New Listings Ratio 85.26% 83.28% 5.59%
Benchmark Price 552,800 534,862 4.15%
Median Price 525,450 524,000 4.59%
Average Price 524,261 526,090 4.63%
Average Days on Market 21 21 -4.55%

 

 

West Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 253 1,922 -18.04%
New Listings 273 2,429 -17.83%
Inventory 305 304 -25.85%
Sales To New Listings Ratio 92.67% 79.13% -0.25%
Benchmark Price 698,500 663,650 3.97%
Median Price 509,000 617,250 0.20%
Average Price 607,342 668,497 2.38%
Average Days on Market 25 23 -20.69%

 

Northwest Calgary Statistics

 Aug-23YTD*Y/Y% 
Sales 303 2,144 -18.20%
New Listings 320 2,574 -24.32%
Inventory 281 282 -34.57%
Sales To New Listings Ratio 94.69% 83.29% 8.07%
Benchmark Price 611,200 591,787 4.91%
Median Price 567,000 590,500 5.07%
Average Price 560,234 590,413 4.70%
Average Days on Market 21 23 -4.17%

 

Airdrie Real Estate Statistics

 Aug-23YTD*Y/Y% 
Sales 204 1,352 -31.68%
New Listings 206 1,607 -33.68%
Inventory 176 183 -22.46%
Sales To New Listings Ratio 99.03% 84.13% 3.00%
Benchmark Price 515,600 498,737 2.36%
Median Price 508,700 485,000 1.04%
Average Price 509,752 492,970 3.40%
Average Days on Market 25 25 38.89%
 

 

Calgary Detached Homes Statistics

 Aug-23YTD*Y/Y% 
Sales 1,195 9,196 -26.14%
New Listings 1,516 11,957 -30.98%
Inventory 1,685 1,503 -31.21%
Sales To New Listings Ratio 78.83% 76.91% 7.01%
Benchmark Price 696,700 664,850 5.36%
Median Price 641,900 645,000 7.50%
Average Price 707,998 716,828 8.61%
Average Days on Market 23 24 14.29%

Calgary Semi-Detached Homes Statistics

 Aug-23YTD*Y/Y% 
Sales 197 1,626 -17.59%
New Listings 238 1,963 -25.78%
Inventory 250 258 -30.46%
Sales To New Listings Ratio 82.77% 82.83% 11.05%
Benchmark Price 623,200 594,175 5.07%
Median Price 530,000 540,000 9.09%
Average Price 583,549 600,858 8.75%
Average Days on Market 22 26 4.00%

 

Calgary Row Home Statistics

 Aug-23YTD*Y/Y% 
Sales 455 3,268 -19.71%
New Listings 487 3,729 -25.78%
Inventory 378 382 -42.47%
Sales To New Listings Ratio 93.43% 87.64% 8.18%
Benchmark Price 413,200 386,162 10.62%
Median Price 415,000 389,000 11.17%
Average Price 418,928 402,297 12.46%
Average Days on Market 19 22 -18.52%
 

 

Calgary Condominium Statistics 

 Aug-23YTD*Y/Y% 
Sales 875 5,580 21.94%
New Listings 893 7,016 8.64%
Inventory 967 1,004 -23.42%
Sales To New Listings Ratio 97.98% 79.53% 12.24%
Benchmark Price 309,100 294,200 11.69%
Median Price 285,000 275,000 10.04%
Average Price 309,943 301,861 8.08%
Average Days on Market 29 30 -28.57%

*Year-To-Date as of September 15, 2023
Year-To-Date, year over year percent change.‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View

 

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