{"id":114060,"date":"2015-02-02T16:23:58","date_gmt":"2015-02-02T21:23:58","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=114060"},"modified":"2015-02-03T18:13:13","modified_gmt":"2015-02-03T23:13:13","slug":"calgary-home-sales-january","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/calgary-home-sales-january","title":{"rendered":"Calgary home sales down nearly 40 per cent in January"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4><p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2015\/02\/Calgary-housing-market.jpg\" rel=\"lightbox[114060]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-114063\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2015\/02\/Calgary-housing-market.jpg\" alt=\"Calgary housing market\" width=\"1024\" height=\"524\" \/><\/a><em>Photo:\u00a0<a href=\"https:\/\/www.flickr.com\/photos\/msvg\/15969324981\" target=\"_blank\" class=\"external\">Michael Gil\/Flickr<\/a><\/em><\/p>\n<p>A total of 880 homes changed hands across Calgary&#8217;s Multiple Listing Service in January, a 38.9 per cent drop from the 1,439 sales recorded during the same month last year.<\/p>\n<p>According to data from <a href=\"http:\/\/www.creb.com\/Seller_Resources\/Housing_Statistics\/\" target=\"_blank\" class=\"external\">the\u00a0Calgary Real Estate Board<\/a>, single-family home sales were down 37.6 per cent year-over-year, condo sales fell 40.1 per cent and townhome sales dropped 40.4 per cent.<\/p>\n<p><script id=\"infogram_0_calgary_home_sales_jan_14___jan_15\" src=\"\/\/e.infogr.am\/js\/embed.js?q29\"><\/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 style=\"color: #acacac; text-decoration: none;\" href=\"https:\/\/infogr.am\/calgary_home_sales_jan_14___jan_15\" target=\"_blank\" class=\"external\">Calgary home sales: Jan &#8217;14 &#8211; Jan &#8217;15<\/a> | <a style=\"color: #acacac; text-decoration: none;\" href=\"https:\/\/infogr.am\" target=\"_blank\" class=\"external\">Crear infogr\u00e1ficos<\/a><\/div>\n<p>The sales drop can be contributed in large part to falling energy prices.<\/p>\n<p>&#8220;A lack of recovery in oil has many concerned about their employment status and this concern is reflected through the weaker sales activity in Calgary\u2019s January resale figures,\u201d said CREB chief economist Ann-Marie Lurie in a release.<\/p>\n<p>Indeed, sales levels were over 35 per cent lower than the 10-year average while new listings increased 39 per cent citywide. But despite the increase in inventory, the benchmark price for all property types ended the month at $459,100, up 7.7 per cent from the same time last year.<\/p>\n<p><script id=\"infogram_0_calgary_benchmark_price_jan_14_vs_jan_15\" src=\"\/\/e.infogr.am\/js\/embed.js?25f\" 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_benchmark_price_jan_14_vs_jan_15\" style=\"color:#acacac;text-decoration:none;\" class=\"external\">Calgary benchmark price: Jan &#8217;14 vs. Jan &#8217;15<\/a> | <a style=\"color:#acacac;text-decoration:none;\" href=\"https:\/\/infogr.am\" target=\"_blank\" class=\"external\">Create infographics<\/a><\/div>\n<p>Is this price growth sustainable?<\/p>\n<p>&#8220;If supply levels continue to rise at levels that exceed the pace of demand growth, we can expect this will start to impact prices in the city,&#8221; Lurie said.<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The sharp decline can largely be attributed to low oil prices.<\/p>\n","protected":false},"author":49,"featured_media":114063,"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>Calgary home 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