February 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 February 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 February 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: February 2023

  • Benchmark Price $530,900
  • Inventory 2,750
  • Sales to New Listings Ratio 73%
  • Months of Inventory/Supply  1.58 Months of supply (Up 44% Y/Y)

Year to Date Calgary Real Estate Statistics: February 2023

  • Benchmark Price $525,900
  • Sales to New Listings Ratio 69%
  • Months of Inventory/Supply 1.77  Months of supply (Up 51% Y/Y) 

DOM = Number of Days on Market 

As of March 6th 2023, the average number of days on market for all property types combined was 36 days (YTD) while the month of February saw an average DOM of 33


MLS® Listings in Calgary (New) 

As of March 6th 2023, the total number of new active listings in the city of Calgary added to the market was 2,388 and in total there have been 4,789 YTD 


Homes Sold in Calgary February 2023

The total number of homes sold for the month of February in Calgary was 1,740 this represents a 47,16% decrease Y/Y. The total sales for 2023 are 3,249 which represents a 46.02 decrease Y/Y.  


Average Real Estate Prices in Calgary 

In February 2023 the average price for a detached home in the city of Calgary was $679,479

Specific community spotlight real estate statistics 

Bridlewood Detached Homes Statistics 

 Feb-23YTD*Y/Y% †
Sales 6 8 -75.76%
New Listings 8 9 -78.05%
Inventory 4 4 -55.56%
Sales To New Listings Ratio 75.00% 88.89% 10.44%
Benchmark Price 498,000 494,750 6.28%
Median Price 511,007 511,007 1.49%
Average Price 504,669 500,502 -2.42%
Average Days on Market 8 20 81.82%

McKenzie Towne Detached Homes Statistics 

 Feb-23YTD*Y/Y% †
Sales 8 16 -60.00%
New Listings 14 22 -52.17%
Inventory 10 7 0.00%
Sales To New Listings Ratio 57.14% 72.73% -16.36%
Benchmark Price 539,800 538,100 6.06%
Median Price 525,000 525,000 -3.39%
Average Price 561,466 555,320 -0.94%
Average Days on Market 17 25 92.31%

Rundle Detached Homes Statistics 

 Feb-23YTD*Y/Y% †
Sales 4 10 -41.18%
New Listings 4 8 -55.56%
Inventory 3 3 -25.00%
Sales To New Listings Ratio 100.00% 125.00% 32.36%
Benchmark Price 459,800 453,250 10.39%
Median Price 468,500 474,250 -4.17%
Average Price 470,500 467,750 -2.21%
Average Days on Market 33 46 187.50%

Arbour Lake Detached Homes Statistics

 Feb-23YTD*Y/Y% †
Sales 7 13 -35.00%
New Listings 7 15 -50.00%
Inventory 6 6 -25.00%
Sales To New Listings Ratio 100.00% 86.67% 30.00%
Benchmark Price 618,800 604,250 -1.40%
Median Price 726,000 663,000 -5.35%
Average Price 719,286 672,138 -7.95%
Average Days on Market 38 31 63.16%

Kincora Detached Homes Statistics

 Feb-23YTD*Y/Y% †
Sales 3 4 -66.67%
New Listings 2 5 -80.00%
Inventory 3 3 -50.00%
Sales To New Listings Ratio 150.00% 80.00% 66.67%
Benchmark Price 654,900 651,700 8.35%
Median Price 687,500 688,750 3.96%
Average Price 653,167 662,375 1.32%
Average Days on Market 53 44 528.57%

2023 Greater Calgary Regional Market Statistics

City Centre Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 388 664 -35.03%
New Listings 677 1,190 -24.25%
Inventory 992 912 -18.50%
Sales To New Listings Ratio 57.31% 55.80% -14.22%
Benchmark Price 571,800 565,350 0.89%
Median Price 426,000 425,000 -21.30%
Average Price 559,703 554,009 -8.51%
Average Days on Market 42 45 -8.16%

North Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 196 337 -50.66%
New Listings 233 417 -53.72%
Inventory 204 199 -24.62%
Sales To New Listings Ratio 84.12% 80.82% 6.62%
Benchmark Price 504,300 500,000 5.86%
Median Price 480,750 470,500 -6.83%
Average Price 479,646 477,171 -8.22%
Average Days on Market 25 29 31.82%

Northeast Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 243 411 -42.68%
New Listings 289 541 -49.49%
Inventory 341 342 -9.76%
Sales To New Listings Ratio 84.08% 75.97% 13.47%
Benchmark Price 430,100 426,250 6.83%
Median Price 415,000 420,000 0.24%
Average Price 410,938 418,953 -1.48%
Average Days on Market 41 44 57.14%

East Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 63 101 -38.41%
New Listings 60 118 -44.60%
Inventory 65 71 -26.04%
Sales To New Listings Ratio 105.00% 85.59% 11.16%
Benchmark Price 345,900 342,550 6.98%
Median Price 380,000 351,000 3.25%
Average Price 344,195 329,588 1.94%
Average Days on Market 32 32 -13.51%

Southeast Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 184 333 -52.97%
New Listings 270 466 -48.39%
Inventory 282 250 -8.09%
Sales To New Listings Ratio 68.15% 71.46% -8.86%
Benchmark Price 521,100 518,550 5.53%
Median Price 450,000 469,900 -7.86%
Average Price 473,287 481,002 -7.73%
Average Days on Market 29 33 50.00%

South Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 317 506 -40.19%
New Listings 402 680 -33.79%
Inventory 369 351 -4.10%
Sales To New Listings Ratio 78.86% 74.41% -9.67%
Benchmark Price 520,100 513,500 4.38%
Median Price 507,500 495,000 -2.15%
Average Price 503,692 491,657 -1.00%
Average Days on Market 25 30 20.00%

West Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 158 280 -50.53%
New Listings 227 390 -43.07%
Inventory 238 224 -29.11%
Sales To New Listings Ratio 69.60% 71.79% -13.12%
Benchmark Price 636,900 635,800 1.67%
Median Price 589,250 560,750 -9.63%
Average Price 610,695 617,483 -3.87%
Average Days on Market 29 31 -16.22%

Northwest Calgary Statistics

 Feb-23YTD*Y/Y% †
Sales 185 297 -49.14%
New Listings 216 414 -44.13%
Inventory 238 234 -19.03%
Sales To New Listings Ratio 85.65% 71.74% -8.97%
Benchmark Price 564,300 555,000 2.46%
Median Price 565,000 561,700 -3.16%
Average Price 554,760 573,030 -1.25%
Average Days on Market 34 36 24.14%

Airdrie Real Estate Statistics

 Feb-23YTD*Y/Y% †
Sales 100 184 -57.60%
New Listings 166 289 -46.97%
Inventory 178 157 18.05%
Sales To New Listings Ratio 60.24% 63.67% -20.04%
Benchmark Price 487,200 483,700 3.69%
Median Price 451,250 439,950 -11.92%
Average Price 457,764 444,971 -9.77%
Average Days on Market 23 30 66.67%

Calgary Detached Homes Statistics

 Feb-23YTD*Y/Y% †
Sales 794 1,355 -55.46%
New Listings 1,136 2,015 -51.60%
Inventory 1,291 1,217 -5.95%
Sales To New Listings Ratio 69.89% 67.25% -7.96%
Benchmark Price 635,900 629,350 4.57%
Median Price 602,750 601,000 -0.66%
Average Price 679,479 675,924 2.62%
Average Days on Market 31 35 75.00%

Calgary Semi-Detached Homes Statistics

 Feb-23YTD*Y/Y% †
Sales 140 251 -49.19%
New Listings 193 343 -48.19%
Inventory 255 240 -13.67%
Sales To New Listings Ratio 72.54% 73.18% -1.93%
Benchmark Price 568,100 563,650 4.28%
Median Price 533,940 532,500 4.31%
Average Price 585,265 584,275 4.10%
Average Days on Market 35 40 37.93%


Calgary Row Home Statistics

 Feb-23YTD*Y/Y% †
Sales 315 524 -37.69%
New Listings 360 638 -39.58%
Inventory 326 321 -32.99%
Sales To New Listings Ratio 87.50% 82.13% 3.13%
Benchmark Price 369,700 365,550 10.67%
Median Price 372,900 370,000 8.82%
Average Price 388,463 382,223 7.49%
Average Days on Market 33 35 -12.50%

Calgary Condominium Statistics 

 Feb-23YTD*Y/Y% †
Sales 491 808 -12.17%
New Listings 698 1,243 -0.08%
Inventory 877 824 -22.63%
Sales To New Listings Ratio 70.34% 65.00% -12.10%
Benchmark Price 286,000 281,800 10.51%
Median Price 262,500 260,000 5.80%
Average Price 280,701 282,202 3.83%
Average Days on Market 36 39 -37.10%

*Year-To-Date as of March 6, 2023
†Year-To-Date, year over year percent change.

‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View

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