{"id":111380,"date":"2015-01-02T14:32:40","date_gmt":"2015-01-02T19:32:40","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=111380"},"modified":"2015-01-02T14:46:14","modified_gmt":"2015-01-02T19:46:14","slug":"calgary-housing-market-2014","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/calgary-housing-market-2014","title":{"rendered":"This is how the Calgary housing market performed in 2014"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4><p><em><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2015\/01\/Calgary-housing-market-2014-1.jpg\" rel=\"lightbox[111380]\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2015\/01\/Calgary-housing-market-2014-1-1024x512.jpg\" alt=\"Calgary housing market 2014-1\" width=\"1024\" height=\"512\" class=\"aligncenter size-large wp-image-111393\" \/><\/a>Photo:\u00a0<a href=\"https:\/\/www.flickr.com\/photos\/photographybycolby\/14454544120\" target=\"_blank\" class=\"external\">Colby Stopa\/Flickr<\/a><\/em><\/p>\n<p>The Calgary Real Estate Board has released their\u00a0<a href=\"http:\/\/www.creb.com\/~\/media\/Public\/Statistics%20Package\/2014\/December%202014.pdf\" target=\"_blank\" class=\"external\">December statistics package<\/a>, giving us the complete picture of\u00a0the\u00a0Calgary housing market in 2014. And, like\u00a0Frank Sinatra once crooned, it was a very good year.<\/p>\n<p>Indeed, the condo and townhome segments set new annual sale records in 2014 despite a year-over-year residential sale decline of 7.5 per cent in December. Of course, a December sales decline is not unusual as buyers tend to shift focus toward the holiday season.<\/p>\n<p>&#8220;While monthly sales activity has slowed, it is\u00a0consistent with December activity over the past several years,&#8221; said CREB\u00a0president Bill Kirk in release.\u00a0&#8220;Overall, annual sales activity has actually\u00a0increased by 9.3 per cent over last year.&#8221;<\/p>\n<p><script id=\"infogram_0_calgary-home-sales-dec-13---dec-14\" src=\"\/\/e.infogr.am\/js\/embed.js?x6g\" type=\"text\/javascript\"><\/script><\/p>\n<div style=\"width:100%;border-top:1px solid #acacac;padding-top:3px;font-family:Arial;font-size:10px;text-align:center;\"><a target=\"_blank\" href=\"https:\/\/infogr.am\/calgary-home-sales-dec-13---dec-14\" style=\"color:#acacac;text-decoration:none;\" class=\"external\">Calgary home sales: Dec &#8217;13 &#8211; Dec &#8217;14<\/a> |<a style=\"color:#acacac;text-decoration:none;\" href=\"https:\/\/infogr.am\" target=\"_blank\" class=\"external\">Create infographics<\/a><\/div>\n<p>Yes,\u00a0despite the year-over-year sales decline for all three housing segments in December,\u00a0condo sales\u00a0totaled 4,742 in 2014, an 18 per cent increase over the previous year, while townhouse transactions\u00a0reached\u00a03,737 units, a 17 per cent annual increase &#8212; record years for both sectors. Single-family home sales, meanwhile,\u00a0totaled 17,185, an annual increase of 5.5 per cent. And while the single-family\u00a0sector represents the largest component of sales at 67 per cent, the growth in sales in both the\u00a0condo\u00a0and townhome\u00a0markets has outpaced activity in this sector.<\/p>\n<p>&#8220;The activity that we&#8217;ve seen in the condominium sectors is, in part, related to product availability in the\u00a0lower price ranges,&#8221; said Kirk. &#8220;The under $400,000 segment of the single-family market within city limits\u00a0has been declining. With the bulk of condominium products available for under $400,000, more\u00a0consumers have been turning to these sectors for their housing needs.&#8221;<\/p>\n<h2>Prices<\/h2>\n<p>The benchmark price of Calgary home (all housing types) hit $455,300 in December, an\u00a08.79 per cent increase over the same month a year ago. Breaking it down by segment, the typical price of a\u00a0condo climbed\u00a07.79 per cent year-over-year, while townhome values increased\u00a08.25 per cent.<\/p>\n<p><script id=\"infogram_0_condo-and-towhome-prices-dec-13---dec-14\" src=\"\/\/e.infogr.am\/js\/embed.js?08k\" type=\"text\/javascript\"><\/script><\/p>\n<div style=\"width:100%;border-top:1px solid #acacac;padding-top:3px;font-family:Arial;font-size:10px;text-align:center;\"><a target=\"_blank\" href=\"https:\/\/infogr.am\/condo-and-towhome-prices-dec-13---dec-14\" style=\"color:#acacac;text-decoration:none;\" class=\"external\">Condo and towhome prices: Dec &#8217;13 &#8211; Dec &#8217;14<\/a> |<a style=\"color:#acacac;text-decoration:none;\" href=\"https:\/\/infogr.am\" target=\"_blank\" class=\"external\">Create infographics<\/a><\/div>\n<p>The benchmark price of a single-family home ended 2013 at $472,200 before climbing 8.2 per cent to end 2014 at $510,900.<\/p>\n<p><script id=\"infogram_0_single-family-home-price-dec-13---dec-14\" src=\"\/\/e.infogr.am\/js\/embed.js?fay\" type=\"text\/javascript\"><\/script><\/p>\n<div style=\"width:100%;border-top:1px solid #acacac;padding-top:3px;font-family:Arial;font-size:10px;text-align:center;\"><a target=\"_blank\" href=\"https:\/\/infogr.am\/single-family-home-price-dec-13---dec-14\" style=\"color:#acacac;text-decoration:none;\" class=\"external\">Single-family home price: Dec &#8217;13 &#8211; Dec &#8217;14<\/a> |<a style=\"color:#acacac;text-decoration:none;\" href=\"https:\/\/infogr.am\" target=\"_blank\" class=\"external\">Create infographics<\/a><\/div>\n<div id='pressboard-ad-sponsorship-msg'><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The condo and townhome segments set records.<\/p>\n","protected":false},"author":49,"featured_media":111393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[10332],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This is how 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