The Calgary real estate market is experiencing some tough times with all the job losses and what seems like an endless stream of bad news for our economy, but prices for single family homes are proving to be resilient. The condo market is being affected a bit more however, with some price decreases compared to last month and this time last year.
For single family homes, sales were down 12.7% compared to January of 2015 and prices were down just slightly by 1.9% compared to December and by only .38% compared to January of 2015. There a total of 466 houses sold at an average price of $523,168 and there were 2,536 active listings.
On the condo front, it took 59 days to sell with an average price of $279, 697 which is an 8% decrease from December, and 8.67% decrease from January of 2015. There were 128 condos sold which is a decrease of 16.34% compared to January of 2015. There were 1,254 active listings and 601 new listings.
Here is our handy infographic that gives you more details
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