Calgary’s MLS Statistics for January

Single family Calgary metro new listings added for the month of January totaled, 3,023, an increase of 30.02 per cent over the 2,325 new listings added in January 2007. Single family Calgary metro properties changing hands in January 2008 were 1,083, a decrease of 27.66 per cent from the

1,497 recorded in January 2007 and an increase of 28.01 per cent over the 846 sales recorded in December. The median price of a single family Calgary metro home in January 2008 was $410,000 showing an 7.89 per cent increase over January 2007, when the median price was $380,000 and

showing a 0.8 per cent increase from December when the median price was $406,788. All Calgary Metro MLS statistics include properties listed and sold only within Calgary’s City limits. The median price is the price that is midway between the least expensive and most expensive

home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price.

Calgary metro condominium new listings added in January 2008 were 1,406, showing an increase

of 40.04 per cent from the 1,004 new condominium listings added in January 2007. Calgary metro

condominium sales in January 2008 were 454; a decrease of 38.32 per cent from January 2007 when 736 condominiums changed hands and an increase of 15.52 per cent from the 393 sales recorded in the month of December. “We experienced a slower market toward the end of December, which is expected during the holiday season, however, January has been a relatively

good month for the resale market. This is the month when peoples lives are getting back on track, and consumers may be entertaining the idea of listing their home,” remarked CREB  President, Ed Jensen. “I think this first quarter of 2008 will pick up momentum, and I anticipate a