Downtown Commercial Core
Real Estate Trends

Housing Market Report for September 2018

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Downtown Commercial Core Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Downtown Commercial Core Housing Inventory

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About this Report

With Zolo's real estate market trends, you'll get current data on Downtown Commercial Core's housing market. If you're curious about your neighbourhood's average house price, housing inventory, or average days on market, all this has now been broken down for you. Our home price data is constantly updated. This report goes over sales history between July 19 - September 13 and measures it against the same period in 2017. In addition to all these real estate statistics, at the bottom of our analysis is a list of all neighbourhoods, ranked based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Downtown Commercial Core housing market on a larger scale, and how it contrasts with other neighbourhoods in the city. This market report was built to give you new insights on both the Downtown Commercial Core real estate market and the Calgary area so that you have a better understanding of where you want to live. To compare this neighbourhood to the city of Calgary, take a look at Calgary's trends page. To complement our market analysis, consider reviewing other MLS stats, like the MLS Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."