The Calgary numbers for July are in. I trust/hope the actual pertinent numbers are of interest and add to the discussion thread.
As referenced previously, Mike Fotiou has a nice summary (and daily numbers to boot on a very helpful site):
http://calgaryrealestatereview.com
The month-end median price was $400,000- down 4.5% from last month
- up 2.6% from last July
- Trivia: the $18,900 is the largest month-over-month drop using Metro-Calgary SFH stats which go back to 2002.
The month-end average price was $464,655- down 3.6% from last month (4.4% excluding the $4.2M home)
- up 6.4% from last July (5.4% excluding the $4.2M home)
- Trivia: without the sale of the $4.2M home, average price would have been $460,568
There were 915 sales in July- down 13.8% from last month
- down 42% from last July
And here are the official numbers/news release from the Calgary Real Estate Board (nice graphical representations):
http://www.creb.com/public/documents/statistics/2010/package/res-stats-2010%20July.pdf
“We are seeing relative stability in our average and median prices for the Calgary market,” says Stante. “A gradual return to moderate interest rates will not trigger any kind of steep decline in prices in our housing market. Prices may soften in select markets where inventory has bulked up, but for the most part they will remain relatively sticky as the economy improves.”