Calgary's MLS(R) real estate market has set a new record for dollar volume and is well on its way to a record number of sales transactions.

As at October 27, 2002, the total MLS(R) dollar volume sat at $4,735,217,691, overtaking the previous annual total set last year of $4,501,935,108. Approximately 90% of the total MLS(R) market is comprised of residential transactions (single family, condominium, and mobile home); the other 10% includes commercial, land, and rural transactions. When broken out, the residential dollar volume sits at $4,281,497,707 as at October 27, 2002, compared to last year's annual residential total of $4,099,201,931.

In 2001, a record number 23,796 MLS(R) sales transactions took place. Of that total, 22,512 were residential units - again, a record for that particular market category. To the 27th of October this year, 23,076 MLS(R) transactions have already taken place, with 21,775 of those being residential units. The chart above breaks the sales figures into the various MLS(R) categories.

At the end of the third quarter, 21,345 MLS(R) sales transactions had occurred, compared to 18,328 to September 30, 2001; an increase of just over 16%. Of that total, 20,139 units were residential; compared to 17,370 for the same period last year. Listings and prices were also above last year's third quarter totals. As at September 30th, 30,545 MLS(R) listings had come on the market, compared to 30,099 last year (of those totals, the residential side was comprised of 27,154 and 26,717 respectively). The average residential sale price at September 30th was $196,544, an increase of about 8% over last year's third quarter ending average price of $182,045.

-The Calgary Real Estate Board is a professional body of 4,016 licensed brokers and registered agents, representing 249 member offices. The Board does not generate statistics or analysis of any individual member or company's market share.

All MLS(R) active listings for Calgary and area may be found on the Calgary Real Estate Board's website at www.creb.com.

Trish Carter is the Communications Supervisor at the Calgary Real Estate Board.