Real Estate Market in 2013

REMAX Realty PROFESSIONALS www.JOESAMSON.COM CALGARY REAL ESTATE REPORT MAY 2013 CALGARY'S REAL ESTATE IS BREAKING RECORDS! NE REPORT CARD ON JOE'S THE CURRENT MARKET: TIME IT TAKES TO SELLI 32 вом 33 DOM May-2013 (DAYS ON MARKET) April-2013 May-2012 40 DOM Compared to LAST MONTH, Homes are selling 3.03% faster. Compared to A YEAR AGO, Homes are selling 20.00% faster. May-2013 April-2013 May-2012 AVERAGE PRICE $462,076 $446,409 $445,034 Compared to LAST MONTH, Homes are selling for 3.51% more. Compared to A YEAR AGO, Homes are selling 3.83% more. May-2013 April-2013 May-2012 ACTIVE LISTINGS 4,743 4,366 5,739 Compared to LAST MONTH, there are 8.63% more active listings. Compared to A YEAR AGO, there are 17.35% less active listings. SOLD LISTINGS May-2013 April-2013 May-2012 SOLD 2,544 2,381 2,381 Compared to LAST MONTH, the No. of sales increased by 6.85% Compared to A YEAR AGO, the no of sales increased by 6.85% May-2013 April-2013 May-2012 NEW LISTINGS 3,717 3,476 3,803 Compared to LAST MONTH, there are 6.93% more new listing. Compared to A YEAR AGO, there are 2.26% less new listing. May-2013 April-2013 May-2012 98.00 97.90 HOW MUCH 97.80 BUYERS NEGOTIAGE 97.70 97.60 97.50 97.40 97.30 97.20 97.00 OFF THE ASKING PRICE 00.00 97.93% 97.83% 97.55% Seller Received Seller Received Seller Received Compared to LAST MONTH, buyers negotiated 0.10% more or sellers kept $456.31 less on an average home. Compared to A YEAR AGO, buyers negotiated 0.39% less or sellers kept $1,733 more on an average home. May-2013 April-2013 May-2012 HOMES SOLD AT OR ABOVE ASKING PRICE 416 16.35% 403 16.93% 285 11.97% Percentages of ALL SOLD listings that sold at or above asking price for the indicated month add. Compared to LAST MONTH, there are 3.39% less homes seling at or above the asking price. Compared to A YEAR AGO, there are 36.61% more homes seling at or above the asking price. May-2013 April-2013 May-2012 THE PACE OF THE MARKET (No. of Months of Inventory) 1.86 1.83 2.41 (above 3.5 = buyer's market, below 2.5 = seller's market) Compared to LAST MONTH, the market is 1.67% more active. Compared to A YEAR AGO, the market is 22.65% more active. May-2013 April-2013 May-2012 THE ODDS OF SELLING (% of Homes Selling vs. Active) 53.64% 54.54% 41.49% Percentage of listings on the market that are actually selling. The rest never sells. Compared to LAST MONTH, the odds of selling decreased by 1.65%. 7 Compared to A YEAR AGO, the odds of selling increased by 29.28%. RE Ioe Somaon & Associates Office 403-256-3806 RE/MAX Fax 403-256-3862 Realty PROFESSIONALS Calgary, AB - T2H OG3 #10, 6020 - 1A Street SW www.JoeSamson.com information here represents all listing in Calgary and is deemed to be reliable but not guaranteed. Source: CREB