In the ever-changing tapestry of Calgary, Airdrie, and Chestermere’s real estate markets, September 2023 stood as a testament to dynamic growth and shifting landscapes. Our detailed exploration of this month’s housing and rental statistics reveals an exciting tale of opportunity, demand, and vibrant communities. Join us as we uncover the intricacies of the market, providing you with insights crucial for making informed decisions in your real estate journey.
Calgary housing statistics: September 2023
In the vibrant tapestry of Calgary’s real estate market, September 2023 emerged as a month of significant strides and promising trends. Let’s delve into the key statistics that shaped our city’s housing landscape:
- Benchmark price: Calgary’s benchmark price reached a commendable $570,300, reflecting an impressive 8.7% increase compared to September 2022. This uptick underscores the robustness of Calgary’s housing market, offering value and growth to homeowners.
- Sales activity: A total of 2,441 homes found new owners in September 2023, marking a substantial 29.0% increase in sales compared to the same month last year. This surge in activity indicates heightened demand and a thriving buyer’s market.
- New listings: The market saw an influx of 3,191 new listings, showcasing a 21.6% increase compared to September 2022. This influx of properties provides buyers with diverse options and contributes to the dynamic nature of Calgary’s real estate scene.
- Inventory and supply: Calgary experienced a significant decrease in inventory, with the number dropping by 24.5% to 3,369 homes. Correspondingly, the months of supply reduced to 1.38, indicating a 41.5% decrease compared to September 2022. This decrease in inventory and supply signifies a competitive market where properties are in demand.
- Days on the market: Homes spent an average of 25 days on the market, marking a 34.3% decrease compared to September 2022. This reduction underscores the swift pace at which properties are being bought, emphasizing the agility of Calgary’s real estate transactions.
Calgary’s district-wise residential benchmark prices
September 2023’s statistics paint a picture of Calgary’s vibrant and active real estate market. Whether you’re a buyer exploring options or a seller considering a move, these numbers reflect the opportune moment in Calgary’s housing landscape.
In the intricate mosaic of Calgary’s real estate market, September 2023 brought forth a compelling narrative of growth and opportunity across various districts. Let’s explore the district-wise residential benchmark prices, shedding light on the remarkable increases that have defined Calgary’s landscape:
- North Calgary: The North district saw its residential benchmark price climb to $545,400, showcasing a robust 9.1% increase. This growth underscores the district’s desirability and the value it offers to homeowners.
- Northwest Calgary: In the Northwest, the residential benchmark price reached $611,900, reflecting an equal 9.1% increase. This district continues to be a hotspot for real estate activity, drawing buyers with its diverse offerings.
- Northeast Calgary: The Northeast district experienced a remarkable 15.9% increase, bringing its benchmark price to $482,100. This substantial growth speaks volumes about the district’s evolving appeal and investment potential.
- West Calgary: With a benchmark price of $685,300, the West district demonstrated a 7.9% increase. This district remains a sought-after destination, combining upscale living with a strong sense of community.
- Calgary city centre: Calgary’s vibrant City Centre district displayed a 4.4% increase, setting its benchmark price at $597,300. This district’s allure lies in its urban charm, making it an attractive choice for those seeking a dynamic city lifestyle.
- East Calgary: The East district witnessed an impressive 19.9% increase, elevating its benchmark price to $393,300. This significant growth showcases the district’s affordability coupled with a burgeoning community spirit.
- South Calgary: In the South, the benchmark price stood at $553,400, marking a 9.5% increase. This district offers a diverse range of housing options, catering to various preferences and budgets.
- Southeast Calgary: Finally, the Southeast district recorded a 9.0% increase, setting its benchmark price at $562,500. This district continues to flourish, providing a blend of modern living and natural beauty.
September 2023’s district-wise benchmark prices paint a vivid picture of Calgary’s diverse real estate landscape. Whether you’re drawn to the urban pulse of the City Centre or the community charm of the East, these numbers offer valuable insights into the city’s evolving neighbourhoods.
Airdrie housing statistics: September 2023
In the heart of Airdrie, September 2023 showcased a dynamic real estate landscape with notable trends shaping the community. Let’s delve into the key statistics that defined Airdrie’s housing market this month:
- Benchmark price: Airdrie’s benchmark price soared to $518,000, reflecting a substantial 8.2% increase compared to September 2022. This rise underscores the district’s attractiveness to potential homebuyers, offering both value and potential for appreciation.
- Sales activity: While there was a slight 2.0% decrease in sales with 144 transactions, Airdrie maintained a steady pace of real estate activity. This figure indicates a resilient market, showcasing stability amidst changing trends.
- New listings: Airdrie experienced a significant 24.4% increase in new listings, totalling 204. This surge in available properties provides prospective buyers with a diverse range of options, creating a competitive market for sellers.
- Months of supply: The months of supply decreased by 21.2% to 1.39, indicating a market favouring sellers. This decrease signifies a growing demand, making Airdrie an attractive destination for those seeking a new home.
- Inventory: Airdrie’s housing inventory decreased by 22.8%, reaching 200 homes. This reduction in available properties highlights the district’s active market, emphasizing the need for prompt decision-making among buyers.
September 2023’s housing statistics reveal Airdrie as a thriving real estate hub, where a balance between supply and demand continues to shape the market. Whether you’re a buyer exploring options or a seller considering a move, these numbers provide valuable insights into Airdrie’s real estate dynamics.
Chestermere housing statistics: September 2023
September 2023 marked a vibrant period for Chestermere’s real estate, showcasing significant growth and activity in the housing market. Here’s a breakdown of the key statistics that defined Chestermere’s real estate landscape this month:
- Benchmark price: Chestermere’s benchmark price surged to $662,800, reflecting an impressive 8.2% increase compared to September 2022. This rise highlights the district’s desirability, offering homeowners excellent investment opportunities and value for their money.
- Sales activity: The district experienced a remarkable 47.8% increase in sales, with 34 properties finding new owners. This surge in transactions signifies a robust demand for homes in Chestermere, creating a competitive market for buyers.
- New listings: Chestermere saw a 50.0% increase in new listings, totalling 78. This influx of available properties indicates a dynamic market, providing buyers with a diverse range of housing options and catering to varied preferences.
- Months of supply: The months of supply decreased significantly by 21.7% to 3.68, illustrating a market favouring sellers. This decrease emphasizes the growing demand for homes in Chestermere, making it an attractive destination for both buyers and investors.
- Inventory: Chestermere’s housing inventory decreased by 15.7%, reaching 125 available homes. This reduction in inventory signifies an active market, where properties are swiftly being acquired, encouraging a proactive approach from potential buyers.
September 2023’s housing statistics portray Chestermere as a thriving real estate destination, where a balanced mix of demand and supply continues to shape the market. Whether you’re a buyer looking for your dream home or a seller considering a move, these numbers provide valuable insights into Chestermere’s real estate dynamics.
Calgary rentals market stats: September 2023
In the dynamic landscape of Calgary’s rental market, September 2023 brought notable shifts across townhouses, condos, and houses. Here’s a closer look at the key statistics:
- 1 bed: Average rent rose to $2,574, indicating an increase in demand for smaller units.
- 2 beds: Rent for two-bedroom townhouses also saw a rise, reaching $2,002, reflecting a growing preference for mid-sized spaces.
- 3+ beds: Larger townhouses experienced a decrease, with rents averaging $2,786, providing a more affordable option for families.
- Studio: Studio condo rents remained stable at $1,768, offering a budget-friendly choice for single occupants.
- 1 bed: One-bedroom condos saw a slight decrease, now averaging $2,077, making them a more affordable option for solo dwellers.
- 2 beds: Rent for two-bedroom condos increased to $2,591, indicating a shift towards shared living arrangements.
- 3+ beds: Larger condos, offering ample space, also witnessed a rise, now averaging $2,591, catering to families and roommates alike.
- Studio: Studio houses maintained a reasonable average rent of $719, providing an entry point for those seeking a compact living space.
- 1 bed: One-bedroom houses experienced a decrease, with rents averaging $1,908, offering an affordable choice for individuals or couples.
- 2 beds: Rent for two-bedroom houses increased, reaching $2,788, reflecting the demand for small-family homes.
- 3+ beds: Larger houses, ideal for families, became more affordable, with rents averaging $3,375, offering spacious living at a competitive price.
These statistics offer valuable insights into Calgary’s rental market, showcasing diverse options catering to various lifestyles and budgets. Stay tuned for more updates as we monitor Calgary’s ever-evolving housing landscape.
As we conclude our deep dive into September 2023’s housing and rental statistics, it’s clear that the real estate landscape in Calgary, Airdrie, and Chestermere is brimming with potential. Whether you’re a buyer seeking a new home, a seller looking to make a move or a potential renter exploring options, these insights are your guiding light.
At Team Singh YYC, we don’t just analyze statistics; we understand the stories behind the numbers. Our expertise lies in transforming market data into opportunities tailored for you. Whether you’re looking for your dream home, investment property, or rental options, we’re here to assist you every step of the way.
Ready to turn these insights into action? Contact Team Singh YYC today for a FREE home consultation. Let’s embark on your real estate journey together and make your aspirations a reality.