The Calgary real estate market continued to show steady summer activity this past week, with balanced conditions in several property types and ongoing price stability across most communities. Here’s your breakdown of the latest numbers and what they mean for buyers and sellers.
Key Market Highlights
New Listings: 1,420 new properties hit the market this week, slightly down from the previous week as some sellers hold off until later in August.
Sales: 1,095 homes sold, a 3% week-over-week increase, indicating strong buyer demand despite mid-summer seasonality.
Average Price: The citywide average sale price held at $561,000, with detached homes continuing to lead gains.
Days on Market: Average DOM remained at 23 days, signalling a healthy pace of transactions.
Inventory: Total active listings stand at 3,890, reflecting a balanced absorption rate in most segments.
Detached Homes
Average Price: $680,500
Sales Activity: Demand for detached homes stayed firm, particularly in family-friendly communities such as Tuscany, Evergreen, and Coventry Hills.
Market Insight: Multiple offers are still common in the under-$700K range, though bidding competition is more measured compared to peak spring activity.
Semi-Detached & Townhomes
Average Price: $486,200
Sales Volume: Townhomes saw an uptick in sales this week as buyers seek affordability without sacrificing space.
Market Insight: Well-maintained units with updated interiors are selling within days in areas like Mahogany and Nolan Hill.
Condominiums
Average Price: $322,000
Sales Volume: Condo transactions held steady, with downtown and Beltline areas seeing the highest concentration of activity.
Market Insight: First-time buyers and investors continue to drive this segment, attracted by lower price points and steady rental demand.
Expert Takeaway
The week of August 4 shows that Calgary’s market is maintaining momentum despite seasonal patterns, thanks to strong buyer confidence and consistent inventory flow. Buyers still have options, but desirable listings move quickly — especially in popular price ranges.
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Posted by Ray Yang on
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