Comments on: Calgary Real Estate Supply & Demand January 2008

By: chicas por webcam

chicas por webcam — Sun, 19 Jul 2009 00:34:04 +0000

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By: Condo

Condo — Fri, 23 May 2008 21:21:08 +0000

How s the Calgary market doing now, in May 08? Slower?

By: Calgary Realtor

Calgary Realtor — Tue, 19 Feb 2008 06:19:19 +0000

Radley – Glad to see someone who actually understands basic economics 101 (supply & demand). Bear in mind the stats you’re using above reflect TOTAL number of listings on the Calgary MLS system. When you see total number of listings on the Calgary MLS system, remember that approximately 1/3 of the total are from outside the city (made up of outlying towns and areas such as Okotoks, Cochrane, Chestermere, as well as acreages, property all over southern Alberta, and even out of province listings *recreational property from BC, the USA, Mexico, Central America, etc*)

We refer to the “listing inventory” as the total number of area listings divided by the total area sales *per month*. As of today (Feb 18/08) there are 6,815 active listings in “Metro Calgary”, and there have been just under 60 metro Calgary sales per day. In other words, listing inventory is now just under 4 months supply (at current sales rates).

Obviously the number of listings is much higher than it was a year ago, and sales in January 2008 were 31% lower than the same period a year ago. That being said, the first 6 months of 2007 were record setting months (beating the record pace set in 2006).

All of these stats are available & updated daily on my website at http://www.jimsparrow.com

By: Scottsdale az real estate

Scottsdale az real estate — Mon, 11 Feb 2008 16:47:50 +0000

Thanks for the info, Neil. They definitely answer most of the important questions!

By: mohican

mohican — Tue, 05 Feb 2008 01:43:45 +0000

Nice analysis radley. The Fraser Valley appears to be about 6 months behind Calgary.

By: Neil

Neil — Mon, 04 Feb 2008 00:19:25 +0000

Radley

Have you seen this RBC Report

http://www.rbc.com/RBC:Rcoeq471A8UAA82cCyw/economics/market/pdf/qbr.pdf

Go through it, will give you a lot of the data that you were asking for.

By: RJT

RJT — Sun, 03 Feb 2008 20:14:03 +0000

Radley,

I like this graph, especially how you juxtapose the RE industry comments with the facts from their own numbers!

I really with the boneheads at the herald would do the same thing when writing an article quoting these clowns. Every time the RE “professional” says that sales are doing well, the reporter should throw back, “but sales are down 31% YoY, why???”

Alas, we can’t expect any real “investigative” journalist from the mainstream press, but it sure would be nice.

Great blog, keep up the good work!