Courtesy of Ryan Torris

PRICES REACH NEW RECORD HIGH

CALGARY

AIRDRIE

BENCHMARK PRICE Current: $550,800 Last Mo.: 1.7 % Last Yr.: 1.2 %

BENCHMARK PRICE Current: $502,000

Calgary, May 1, 2023 – Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city. “While sales activity is performing as expected, the steeper pullback in new listings has ensured that supply levels remain low,” said CREB ® Chief Economist Ann-Marie Lurie. “The limited supply choice is causing more buyers to place offers above the list price, contributing to the stronger than expected gains in home prices.” In April, sales reached 2,690 units compared to the 3,133 new listings. With a sales-to new-listings ratio of 86 per cent, inventories declined by 34 per cent compared to last year and are over 45 per cent below long term averages for April. While sales have eased by 21 per cent compared to last year, the steep decline in supply has caused the months of supply to ease to just over one month. This reflects tighter market conditions than earlier in the year and compared to conditions reported last April.

Last Mo.: 0.9 % Last Yr.: - 1.7%

DAYS ON MARKET

DAYS ON MARKET

28

24

NEW LISTINGS

NEW LISTINGS

3,133

173

ACTIVE LISTINGS

ACTIVE LISTINGS

3,238

181

SOLD LISTINGS

SOLD LISTINGS

2,690

170

Source: CREB ®

Stats Reflective of April 2023 Source: CREB ®

Stats Reflective of April 2023 Source: CREB ®

Market values stated are of the average of Calgary. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Market values stated are of the average of Airdrie. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Please spread the word! Have friends or family moving? Don’t hesitate to pass them my info. P.S. I always take good care of my referring clients!

R yan T orris Real Estate Agent, 1forAll Charity Contributor, SRES ® , REALTOR ® TOP PRODUCER 403.710. SOLD (7653) concierge@blackrockre.ca www.blackrockre.ca @blackrockre

201, 120 2nd Ave NE Airdrie, AB T4B 2N2

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