November 2023 Calgary Real Estate Statistics Recap
November 2023 Calgary Real Estate Statistics Recap: A Market of Growth and Opportunities
As the leaves fell and the temperatures dropped in November 2023, the Calgary real estate market did anything but cool down. This month has been a testament to the dynamic and ever-evolving nature of our local real estate scene, marked by a notable surge in listings, robust sales, and continued price growth. W
hether you're a seasoned investor, a first-time buyer, or someone considering selling your home, these statistics offer invaluable insights into the current market trends.
???? A Surge in New Listings: November witnessed an impressive influx of new listings, totaling 2,227 units. This marks a significant 40% increase from the previous year, particularly in homes priced over $600,000. This rise in listings is a clear indicator of a vibrant market, teeming with opportunities for buyers and sellers alike.
???? Strong Sales Keep the Market Buzzing: Despite the increase in new listings, the Calgary market didn't miss a beat in sales activity. With 1,787 properties sold, the sales to new listings ratio remained high at 80%, and the months of supply continued to hover below two months. This robust sales performance underscores a market that is as active as ever.
???? Price Growth and Market Dynamics: The benchmark price in Calgary as of November stands at an impressive $572,700, showing an 11% increase from November 2022. This upward trend in prices, coupled with a year-to-date average benchmark price rise of over 5%, highlights a market that heavily favors sellers, driven by strong demand and competitive market conditions.
As CREB® Chief Economist Ann-Marie Lurie notes, "Like other large cities, new listings have been increasing. However, in Calgary, the gains have not been enough to change the low inventory situation thanks to strong demand. Our market continues to favour the seller, driving further price growth."
From the bustling city center to the serene suburbs, Calgary's real estate market offers a diverse range of properties catering to various preferences and lifestyles. With our expert analysis and detailed statistics, navigating this market becomes an exciting journey filled with potential and promise.
So, are you curious about what these trends mean for you? Whether you're pondering the idea of buying your dream home or selling your current property, our comprehensive blog on Calgary Real Estate Statistics for November 2023 is your go-to resource. Dive in to uncover the latest trends, gain valuable insights, and equip yourself with the knowledge to make informed decisions in this dynamic market.
Latest Combined Calgary Real Estate Statistics: November 2023
Latest Combined Calgary Real Estate Statistics: November 2023
- Benchmark Price $572,700
- Inventory 2,989
- Sales to New Listings Ratio 80%
- Months of Inventory/Supply 1.67 Months of supply (Down 12% Y/Y)
Year to Date Calgary Real Estate Statistics: November 2023
- Benchmark Price $555,782
- Sales to New Listings Ratio 80%
- Months of Inventory/Supply 1.33 Months of supply (Down 21% Y/Y)
DOM = Number of Days on Market
As of November 4th 2023, the average number of days on market for all property types combined was 26 days (YTD) while the month of November saw an average DOM of 29
MLS® Listings in Calgary (New)
As of November 4th 2023, the total number of new active listings in the city of Calgary added to the market was 2,923 and in total there have been 32,723 YTD
Homes Sold in Calgary August 2023
The total number of homes sold for the month of November in Calgary was 1,782 this represents a 8.53% increase Y/Y. The total sales for 2023 are 26,059 which represents a 8.98% decrease Y/Y.
Average Real Estate Prices in Calgary
In November 2023 the average price for a detached home in the city of Calgary was $539,395
Specific community spotlight real estate statistics
Somerset Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 5 | 80 | -36.00% |
| New Listings | 8 | 95 | -34.93% |
| Inventory | 11 | 6 | -33.33% |
| Sales To New Listings Ratio | 62.50% | 84.21% | -1.65% |
| Benchmark Price | 587,600 | 563,945 | 7.67% |
| Median Price | 565,000 | 571,500 | 4.86% |
| Average Price | 573,978 | 575,866 | 8.26% |
| Average Days on Market | 30 | 17 | 6.25% |
Springbank Hill Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 10 | 115 | -28.57% |
| New Listings | 6 | 185 | -13.55% |
| Inventory | 21 | 22 | -12.00% |
| Sales To New Listings Ratio | 166.67% | 62.16% | -17.37% |
| Benchmark Price | 1,038,400 | 985,954 | 9.01% |
| Median Price | 1,200,500 | 1,070,000 | 18.89% |
| Average Price | 1,304,590 | 1,219,520 | 11.32% |
| Average Days on Market | 38 | 24 | -14.29% |
Forest Lawn Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 3 | 62 | -16.22% |
| New Listings | 3 | 77 | -31.25% |
| Inventory | 10 | 8 | -50.00% |
| Sales To New Listings Ratio | 100.00% | 80.52% | 21.87% |
| Benchmark Price | 456,500 | 413,263 | 12.57% |
| Median Price | 490,000 | 410,000 | 7.89% |
| Average Price | 473,333 | 421,863 | 8.55% |
| Average Days on Market | 21 | 24 | -14.29% |
Edgemont Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 6 | 119 | -36.70% |
| New Listings | 7 | 154 | -32.16% |
| Inventory | 14 | 13 | -38.10% |
| Sales To New Listings Ratio | 85.71% | 77.27% | -6.70% |
| Benchmark Price | 778,000 | 784,163 | 10.37% |
| Median Price | 814,500 | 800,000 | 11.89% |
| Average Price | 943,333 | 823,277 | 10.29% |
| Average Days on Market | 61 | 24 | -4.00% |
Panorama Hills Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 10 | 159 | -36.40% |
| New Listings | 10 | 202 | -42.45% |
| Inventory | 14 | 15 | -48.28% |
| Sales To New Listings Ratio | 100.00% | 78.71% | 10.50% |
| Benchmark Price | 742,900 | 705,272 | 5.38% |
| Median Price | 680,000 | 701,500 | 3.86% |
| Average Price | 694,250 | 722,039 | 4.34% |
| Average Days on Market | 27 | 19 | -9.52% |
2023 Greater Calgary Regional Market Statistics
City Centre Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 385 | 5,702 | 11.61% |
| New Listings | 546 | 8,137 | 1.47% |
| Inventory | 994 | 1,092 | -18.69% |
| Sales To New Listings Ratio | 70.51% | 70.07% | 9.98% |
| Benchmark Price | 601,600 | 590,454 | 2.29% |
| Median Price | 389,000 | 417,250 | -10.27% |
| Average Price | 559,276 | 563,734 | -1.82% |
| Average Days on Market | 33 | 34 | -17.07% |
North Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 210 | 3,058 | -19.34% |
| New Listings | 261 | 3,654 | -21.77% |
| Inventory | 283 | 271 | -32.92% |
| Sales To New Listings Ratio | 80.46% | 83.69% | 3.12% |
| Benchmark Price | 548,600 | 528,236 | 6.14% |
| Median Price | 531,500 | 500,000 | 4.17% |
| Average Price | 528,048 | 505,243 | 3.14% |
| Average Days on Market | 25 | 21 | -12.50% |
Northeast Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 259 | 3,393 | -4.07% |
| New Listings | 332 | 4,218 | -21.44% |
| Inventory | 398 | 388 | -41.57% |
| Sales To New Listings Ratio | 78.01% | 80.44% | 22.10% |
| Benchmark Price | 486,900 | 460,954 | 9.60% |
| Median Price | 472,500 | 448,000 | 10.62% |
| Average Price | 466,537 | 448,344 | 8.52% |
| Average Days on Market | 27 | 27 | -10.00% |
East Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 58 | 822 | -9.67% |
| New Listings | 60 | 950 | -17.46% |
| Inventory | 68 | 79 | -41.91% |
| Sales To New Listings Ratio | 96.67% | 86.53% | 9.45% |
| Benchmark Price | 403,300 | 374,045 | 13.48% |
| Median Price | 397,500 | 380,000 | 11.76% |
| Average Price | 361,625 | 359,564 | 12.37% |
| Average Days on Market | 20 | 22 | -31.25% |
Southeast Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 219 | 3,188 | -19.98% |
| New Listings | 239 | 3,710 | -21.58% |
| Inventory | 284 | 297 | -23.85% |
| Sales To New Listings Ratio | 91.63% | 85.93% | 2.04% |
| Benchmark Price | 561,200 | 543,563 | 5.35% |
| Median Price | 515,000 | 515,000 | 6.19% |
| Average Price | 554,502 | 535,249 | 5.70% |
| Average Days on Market | 31 | 23 | 0.00% |
South Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 318 | 4,555 | -9.66% |
| New Listings | 350 | 5,417 | -13.11% |
| Inventory | 400 | 429 | -25.13% |
| Sales To New Listings Ratio | 90.86% | 84.09% | 3.97% |
| Benchmark Price | 551,800 | 539,954 | 5.78% |
| Median Price | 536,750 | 525,000 | 5.00% |
| Average Price | 518,767 | 527,099 | 5.85% |
| Average Days on Market | 29 | 22 | -12.00% |
West Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 155 | 2,466 | -12.80% |
| New Listings | 194 | 3,139 | -10.67% |
| Inventory | 272 | 301 | -22.42% |
| Sales To New Listings Ratio | 79.90% | 78.56% | -2.39% |
| Benchmark Price | 691,700 | 670,200 | 5.36% |
| Median Price | 610,000 | 620,000 | 2.18% |
| Average Price | 669,879 | 671,764 | 3.50% |
| Average Days on Market | 24 | 23 | -23.33% |
Northwest Calgary Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 174 | 2,801 | -13.34% |
| New Listings | 190 | 3,373 | -17.71% |
| Inventory | 241 | 281 | -32.94% |
| Sales To New Listings Ratio | 91.58% | 83.04% | 5.31% |
| Benchmark Price | 615,100 | 597,727 | 6.62% |
| Median Price | 580,000 | 600,000 | 7.72% |
| Average Price | 575,711 | 593,148 | 6.09% |
| Average Days on Market | 29 | 23 | -11.54% |
Airdrie Real Estate Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 138 | 1,757 | -26.24% |
| New Listings | 140 | 2,120 | -25.67% |
| Inventory | 191 | 188 | -18.61% |
| Sales To New Listings Ratio | 98.57% | 82.88% | -0.77% |
| Benchmark Price | 524,500 | 504,890 | 4.30% |
| Median Price | 506,750 | 487,500 | 2.63% |
| Average Price | 503,835 | 494,894 | 5.33% |
| Average Days on Market | 32 | 25 | 19.05% |
Calgary Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 1,782 | 26,053 | -8.46% |
| New Listings | 2,193 | 32,733 | -13.54% |
| Inventory | 2,981 | 3,162 | -27.13% |
| Sales To New Listings Ratio | 81.26% | 79.59% | 5.88% |
| Benchmark Price | 572,700 | 555,781 | 5.36% |
| Median Price | 499,000 | 495,000 | 4.21% |
| Average Price | 539,935 | 539,309 | 4.16% |
| Average Days on Market | 29 | 26 | -10.34% |
Calgary Semi-Detached Homes Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 140 | 2,134 | -11.64% |
| New Listings | 179 | 2,653 | -17.12% |
| Inventory | 272 | 265 | -26.18% |
| Sales To New Listings Ratio | 78.21% | 80.44% | 6.61% |
| Benchmark Price | 628,700 | 602,918 | 6.99% |
| Median Price | 582,250 | 542,000 | 10.57% |
| Average Price | 630,922 | 604,228 | 9.74% |
| Average Days on Market | 27 | 26 | -7.14% |
Calgary Row Home Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 266 | 4,307 | -13.22% |
| New Listings | 364 | 4,984 | -16.66% |
| Inventory | 406 | 384 | -37.36% |
| Sales To New Listings Ratio | 73.08% | 86.42% | 4.13% |
| Benchmark Price | 429,100 | 396,636 | 12.97% |
| Median Price | 400,000 | 395,000 | 13.67% |
| Average Price | 404,102 | 406,332 | 13.88% |
| Average Days on Market | 22 | 22 | -24.14% |
Calgary Condominium Statistics
| Nov-23 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 560 | 7,485 | 26.65% |
| New Listings | 668 | 9,338 | 17.09% |
| Inventory | 877 | 990 | -20.99% |
| Sales To New Listings Ratio | 83.83% | 80.16% | 8.16% |
| Benchmark Price | 320,100 | 300,281 | 12.96% |
| Median Price | 293,200 | 280,000 | 12.04% |
| Average Price | 315,241 | 305,932 | 7.93% |
| Average Days on Market | 28 | 29 | -32.56% |
*Year-To-Date as of November 6th, 2023
†Year-To-Date, year over year percent change.‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View
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