CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14

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1 CALGARY REGIONAL HOUSING MARKET STATISTICS Yearly records set as monthly sales see slight decline Condominium and townhouse sales set a new record for 214 Calgary, January 2, 215 It was a record setting year for Calgary s condominium apartment and townhouse sectors, as sales reached new annual highs despite yearoveryear residential sales declines of 7.5 per cent in December. Single family sales totaled 78 units in December, a yearoveryear decline of 8.3 per cent. Meanwhile, total condominium sales also declined by six per cent over the same time frame, but overall activity remained consistent with longterm averages. It is not unusual to see slower activity in the month of December as consumer focus often shifts toward the holiday season, said CREB president Bill Kirk. While monthly sales activity has slowed, it is consistent with December activity over the past several years. Overall, annual sales activity increased by 9.3 percent over last year. Yearly condominium apartment sales totaled 4,742 in 214, an 18 per cent increase over the previous year. Meanwhile, townhouse sales totaled 3,737 units, a 17 per cent annual increase. Both sectors recorded record years of sales activity. Changes in the economic climate are expected to cool housing market conditions in 215, and December activity may be the first indication of this shift, said CREB chief economist AnnMarie Lurie. However, any pullback that may occur needs to be kept in perspective as 214 housing activity far exceeded our expectations. City of Calgary sales and new listings totaled a respective 25,664 and 36,329 in 214. The 13 per cent growth in new listings outpaced the nine per cent growth in sales, contributing to an overall rise in inventory levels. With more availability in the market, residential benchmark prices continued to level off in December. However, annual average benchmark gains remained above nine per cent. Unadjusted benchmark prices for single family, condominium apartment and townhouse properties all remained similar to levels recorded in November. Singlefamily sales totaled 17,185 in 214, an annual increase of 5.5 per cent. While the singlefamily sector represents the largest component of sales at 67 per cent, the growth in sales in both the condominium markets has outpaced activity in this sector. The activity that we ve seen in the condominium sectors is, in part, is related to product availability in the lower price ranges, said Kirk. The under $4, segment of the singlefamily market within city limits has been declining. With the bulk of condominium products available for under $4,, more consumers have been turning to these sectors for their housing needs. Strong demand for condominium apartments was also met with rising supply levels. New listings totaled 7,297 units in 214, a 3 per cent increase over the previous year. While rising listings helped take the pressure off prices, on an annual basis, unadjusted condominium apartment and benchmark prices have recovered and exceeded previous highs recorded in 27. In addition to these monthly figures for December, it should also be noted that full details of CREB s 215 forecast will be released on January 14, 215 at our annual Forecast Conference and Tradeshow. CALGARY CONDOMINIUM SALES 9, 8, 7, 6, 5, 4, 3, 2, 1, Apartment Sales TH Sales Series2 CREB Calgary Regional Housing Market Statistics page 1 d

2 CREB SUMMARY STATS Dec13 Dec14 Dec13 Dec14 Y/Y % Change Y/Y % Change CREB TOTAL RESIDENTIAL Total Sales 1,497 1, % 3,528 34, % Total Sales Volume $686,186,46 $665,296,43 3.4% $13,779,72,266 $16,288,647, % New Listings 1,348 1, % 44,624 49, % Active Listings 4,437 5, % N/A N/A Sales to New Listings Ratio % % Sales $ / List $ 97.38% 97.32%.6% 97.57% 98.9%.52% Average DOM % Average Price $458,374 $466, % $451,38 $475, % Benchmark Price $418,5 $455,3 8.79% Index CREB CITY OF CALGARY Total Sales 1,171 1, % 23,474 25, % Total Sales Volume $532,86,883 $514,464, % $1,718,115,985 $12,397,749, % New Listings 972 1, % 32,15 36, Active Listings 2,236 3, % N/A N/A Sales to New Listings Ratio % Sales $ / List $ %.17% 97.76% 98.31%.54% Average DOM % % Average Price $454,387 $475, % $456,595 $483, Benchmark Price $424,7 $459, 8.8% Index % CREB TOWNS Total Sales % 4,439 5, % Total Sales Volume $75,721,863 $85,745, % $1,64,734,566 $2,187,624, % New Listings % 6,84 7, % Active Listings 1,8 1,9.1 N/A N/A Sales to New Listings Ratio % % Sales $ / List $ 97.8% 97.94%.86% 97.53% % Average DOM % % Average Price $376,726 $4, % $369,618 $396, % Benchmark Price $391,4 $432,2 1.42% Index % CREB CRES Total Sales % 956 1, Total Sales Volume $46,119,5 $32,33, 29.9 $786,866,16 $893,778, % New Listings % 2,641 2, % Active Listings % N/A N/A Sales to New Listings Ratio % Sales $ / List $ %.21% Average DOM % Average Price $941,214 $828, % $823,82 $866, % Median Price $734,7 $7, 4.72% For a list of definitions, see page 2. CREB Calgary Regional Housing Market Statistics page 2

3 CREB SUMMARY STATISTICS CITY OF CALGARY Dec13 Dec14 Dec13 Dec14 Y/Y % Change Y/Y % Change SINGLE FAMILY Total Sales % 16,293 17, % Total Sales Volume $47,333,571 $389,481, % $8,432,599,845 $9,55,835, % New Listings % 22,557 24, % Active Listings 1,515 1, % N/A N/A Sales to New Listings Ratio % Sales $ / List $ 97.76% 97.61% % % Average DOM % Average Price $527,634 $55, % $517,56 $553, % Benchmark Price $472,2 $51,9 8.2 Index % CONDO APARTMENT Total Sales % 4,5 4, Total Sales Volume $65,165,431 $69,441, % $1,199,642,882 $1,536,986, % New Listings ,594 7, % Active Listings % N/A N/A Sales to New Listings Ratio % % Sales $ / List $ 97.27% 97.17% % % Average DOM Average Price $296,27 $318, % $299,536 $324, % Benchmark Price $278,6 $3,3 7.79% Index % CONDO TOWNHOUSE Total Sales % 3,176 3, % Total Sales Volume $59,587,881 $55,541, % $1,85,873,258 $1,354,927, % New Listings % 3,999 4, % Active Listings % N/A N/A Sales to New Listings Ratio % Sales $ / List $ 97.79% 97.47%.32% 97.86% 98.46%.6 Average DOM % % Average Price $332,893 $353, % $341,9 $362, Benchmark Price $311,6 $337,3 8.2 Index % CREB Calgary Regional Housing Market Statistics page 3

4 MLS HPI SUMMARY December 214 % Changes Benchmark Price Index (HPI) Nov14 Jun14 Dec13 Dec11 Dec9 CREB TOTAL RESIDENTIAL Single Family 51, % 9.1% 24.7% 23.9% Townhouse 336,5 28.3% 1.9% 8.3% 21.2% 19.4% Apartment 299, 29..3% 7.9% 27.4% 22.4% COMPOSITE 455, % 1.1% 8.8% 24.8% 23.2% CREB TOWNS Single Family 436, % 2.9% 1.1% % Townhouse 288,1 22.2%.7% % 19.4% Apartment 219, % % 27.9% COMPOSITE 432,2 19.4% % 14.3% 14.1% CREB CITY OF CALGARY Single Family 51, %.2% 8.2% 27.8% 27. Townhouse 337,3 28.4% 1.9% 8.2% 21.2% 19.4% Apartment 3,3 21.1%.2% 7.8% 27.2% 22.2% COMPOSITE 459, 215.1%.4% 8.1% 26.9% 25.2% CREB Calgary Regional Housing Market Statistics page 4

5 COMPARISONS Benchmark Price December 6, 5, 4, 3, 2, 1, 1 storey 2 Storey Total SF Townhouse Apartment Total Composite CREB Total Residential CREB City of Calgary CREB Towns Months of Supply December Sales Distribution December % % 2.13% % % % % Months of Supply SF CREB Total Residential CREB Towns Months of Supply Townhouse CREB City of Calgary Months of Supply Apartment CREB Total Residential CREB City of Calgary CREB Towns Single Family Townhouse Apartment CRES CALGARY INDEX VALUE CALGARY INDEX YEAR OVER YEAR COMPARISON Index Value Single Family Index Value Apartment Index Value Tonwhouse SF Y/Y Index Price Change Apartment Y/Y Index Price Change Townhouse Y/Y Price Change CREB Calgary Regional Housing Market Statistics page 5 d

6 CREB CITY OF CALGARY Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Annual 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales 1,229 1,76 2,17 2,374 2,534 2,36 2,264 2,192 1,919 1,948 1,724 1,171 23,474 New Listings 2,493 2,67 3,192 3,475 3,714 2,998 2,725 2,773 2,793 2,521 1, ,15 Active Listings 3,84 3,539 4,7 4,366 4,743 4,584 4,92 3,898 3,922 3,841 3,156 2,236 AverageDOM Average Price 439, , ,38 445, ,6 466,384 46, , , , , , ,595 Benchmark Price 39,7 395,2 399,7 45,5 48,9 411,3 413,4 416,4 417, 42,7 423,5 424,7 Index /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales 1,438 1,85 2,481 2,54 2,944 2,665 2,329 2,263 2,146 2,145 1,78 1,83 25,664 New Listings 2,394 2,79 3,318 3,754 4,327 3,815 3,219 3,148 3,258 2,917 2,91 1,379 36,329 Active Listings 2,524 2,892 3,233 3,794 4,54 4,726 4,659 4,596 4,589 4,428 3,849 3,233 AverageDOM Average Price 462, , , , , , , ,11 487, ,76 486, ,36 483,79 Benchmark Price 428,2 433,5 439,5 445,5 452,1 457,1 458,3 459, 459,6 46,7 459,6 459, Index T4169 T41974 T213 T214 Dec13 Dec Calgary Total 12/1/13 12/1/14 12/1/13 12/1/14 >$1, $1, $199, $2, $299, ,236 3,977 $3, $ 349, ,93 2,951 $35, $399, ,34 3,512 $4, $449, ,899 3,346 $45, $499, ,254 2,69 $5, $549, ,645 2,11 $55, $599, ,189 1,526 $6, $649, ,97 $65, $699, $7, $799, ,147 $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999, $2,, $2,499, $2,5, $2,999, $3,, $3,499, $3,5, $3,999, $4,, ,171 1,83 23,474 25,664 CALGARY YTD SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 6 d

7 CITY OF CALGARY CALGARY YTD TOTAL SALES CALGARY YTD TOTAL NEW LISTINGS 3, 25, 2, 15, 1, 5, ANNUAL 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, ANNUAL SF Sales Apartment Sales TH Sales 1 Year Average SF New Listings Apartment New Listings TH New Listings 1 Year Average CALGARY INVENTORY AND SALES 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, CALGARY MONTHS OF INVENTORY Inventory Sales Benchmark Price Months of Supply 3 month MA CALGARY PRICE CHANGE COMPARISON 14% 12% 1 8% 6% 4% 2% 2% 4% 6% CALGARY PRICES 52, 5, 48, 46, 44, 42, 4, 38, 36, 34, 32, Average Price Y/Y% Change Index Y/Y% Change Y/Y Median Price Change Average Price Benchmark Price Median Price CREB Calgary Regional Housing Market Statistics page 7 d

8 CREB CITY OF CALGARY SINGLE FAMILY Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Annual 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales 878 1,27 1,479 1,66 1,758 1,63 1,573 1,513 1,351 1,333 1, ,293 New Listings 1,732 1,874 2,233 2,46 2,657 2,146 1,956 1,963 1,972 1,736 1, ,557 Active Listings 2,75 2,48 2,727 2,977 3,311 3,199 2,917 2,791 2,789 2,75 2,171 1,515 AverageDOM Average Price 496, ,48 518,468 59, , ,21 524, ,26 512, , , , ,56 Benchmark Price 436,9 442,5 446,5 452,9 456,9 459,7 461,6 464,7 463,7 468, 47,6 472,2 Index /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales 973 1,229 1,694 1,733 2,24 1,765 1,549 1,474 1,396 1,461 1, ,185 New Listings 1,581 1,779 2,197 2,581 2,945 2,598 2,134 2,57 2,145 1,869 1, ,93 Active Listings 1,671 1,894 2,52 2,445 2,919 3,128 3,56 3,21 2,961 2,78 2,373 1,985 AverageDOM Average Price 52,678 55, , ,22 554, , ,49 545,5 567, ,471 56,79 55, ,147 Benchmark Price 476,7 482,8 49,6 496,7 54,3 59,7 511,6 512,3 512,8 513,5 511,3 51,9 Index SF4169 SF41974 SF213 SF214 Dec13 Dec Calgary SF 12/1/13 12/1/14 12/1/13 12/1/14 >$1, 3 1 $1, $199, $2, $299, , $3, $ 349, ,835 1,287 $35, $399, ,66 2,398 $4, $449, ,487 2,716 $45, $499, ,997 2,285 $5, $549, ,492 1,857 $55, $599, ,81 1,367 $6, $649, ,12 $65, $699, $7, $799, ,73 $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999, $2,, $2,499, $2,5, $2,999, $3,, $3,499, $3,5, $3,999, $4,, ,293 17,185 CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 8 d

9 CITY OF CALGARY SINGLE FAMILY CALGARY YTD SINGLE FAMILY SALES 2, ANNUAL 18, 16, 14, 12, 1, 8, 6, 4, 2, CALGARY YTD SINGLE FAMILY NEW LISTINGS 35, 3, 25, 2, 15, 1, 5, ANNUAL SF Sales 1 Year Average SF New Listings 1 Year Average CALGARY SINGLE FAMILY INVENTORY AND SALES CALGARY SINGLE FAMILY MONTHS OF INVENTORY 3,5 3, 2,5 2, 1,5 1, 5 6, 5, 4, 3, 2, 1, SF Inventory SF Sales SF Benchmark Price SF Months of Supply 3 month MA CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON 1 1 CALGARY SINGLE FAMILY PRICES 6, 55, 5, 45, 4, 1 35, SF Average Price Y/Y% Change Index Y/Y% Change SF Median Price Change SF Average Price SF Benchmark Price SF Median Price CREB Calgary Regional Housing Market Statistics page 9 d

10 CITY OF CALGARY CONDOMINIUM TOWNHOUSE Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Annual 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales ,176 New Listings ,999 Active Listings AverageDOM Average Price 32,59 337,71 355, ,474 34, , , , , ,87 358, , ,9 Benchmark Price 285,1 287,6 291,2 295,1 297,4 3,9 3,9 33,2 36,3 37,8 38,7 311,6 Index /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales ,737 New Listings ,939 Active Listings AverageDOM Average Price 371, , , ,169 36, ,83 365, , , , , , ,571 Benchmark Price 312,3 316,2 317,5 322,7 327,9 331,1 333, 334,5 336,3 337,8 338,6 337,3 Index TH4169 TH41974 TH213 TH214 Dec13 Dec Calgary Townhouse 12/1/13 12/1/14 12/1/13 12/1/14 >$1, 3 $1, $199, $2, $299, ,231 1,152 $3, $ 349, $35, $399, $4, $449, $45, $499, $5, $549, $55, $599, $6, $649, $65, $699, $7, $799, $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999,999 1 $2,, $2,499, $2,5, $2,999,999 1 $3,, $3,499,999 $3,5, $3,999,999 $4,, CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 1 d

11 CITY OF CALGARY CONDOMINIUM TOWNHOUSE CALGARY YTD TOWNHOUSE SALES 4, 3,5 3, 2,5 2, 1,5 1, 5 ANNUAL CALGARY YTD TOWNHOUSE NEW LISTINGS 6 ANNUAL Townhouse Sales 1 Year Average Townhouse New Listings 1 Year Average CALGARY TOWNHOUSE INVENTORY AND SALES , 35, 3, 25, 2, 15, 1, 5, CALGARY TOWNHOUSE MONTHS OF INVENTORY TH Inventory TH Sales TH Benchmark Price TH Months of Supply 3 month MA CALGARY TOWNHOUSE PRICE CHANGE COMPARISON CALGARY TOWNHOUSE PRICES 4, 38, 36, 34, 32, 3, 28, 26, 24, 22, TH Average Price Y/Y % Change Index Y/Y% Change TH Median Price Change TH Average Price TH Benchmark Price Median Price CREB Calgary Regional Housing Market Statistics page 11 d

12 CITY OF CALGARY CONDOMINIUM APARTMENTS Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Annual 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales ,5 New Listings ,594 Active Listings AverageDOM Average Price 28,67 287,733 31, ,347 31,96 31,523 32, ,87 298,743 39,415 37,38 296,27 299,536 Benchmark Price 251,3 252,9 257,7 261,3 263,6 264, 267,6 27,6 272,9 276,1 279,6 278,6 Index /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales ,742 New Listings ,297 Active Listings ,51 1,71 1,7 1,56 1,81 1, AverageDOM Average Price 314, , ,64 319, , ,1 323,2 329, , , , , ,122 Benchmark Price 28,6 283,4 287,2 291,7 295,4 299,7 298,1 298,2 298,8 299,8 3,7 3,3 Index A4169 A41974 A213 A214 Dec13 Dec Calgary Apartment 12/1/13 12/1/14 12/1/13 12/1/14 >$1, $1, $199, $2, $299, ,868 2,292 $3, $ 349, $35, $399, $4, $449, $45, $499, $5, $549, $55, $599, $6, $649, $65, $699, $7, $799, $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999, $2,, $2,499, $2,5, $2,999, $3,, $3,499,999 4 $3,5, $3,999,999 $4,, ,5 4,742 CALGARY YTD APARTMENT SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 12 d

13 CITY OF CALGARY CONDOMINIUM APARTMENTS CALGARY YTD APARTMENT SALES 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 ANNUAL CALGARY YTD APARTMENT NEW LISTINGS ANNUAL 1, 9, 8, 7, 6, 5, 4, 3, 2, 1, Apartment Sales 1 Year Average Apartment New Listings 1 Year Average CALGARY APARTMENT INVENTORY AND SALES CALGARY APARTMENT MONTHS OF INVENTORY 1,2 1, , 3, 25, 2, 15, 1, 5, Apartment Inventory Apartment Benchmark Price Apartment Sales Apartment Months of Supply 3 month MA CALGARY APARTMENT PRICE CHANGE COMPARISON CALGARY APARTMENT PRICES Apartment Average Price Y/Y% Change Median Price Change Index Y/Y% Change Apartment Average Price Benchmark Price Median Price CREB Calgary Regional Housing Market Statistics page 13 d

14 CREB TOWNS Jan. Feb. Mar. Apr. May Jun. July. Aug. Sept. Oct. Nov. Dec. YTD 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales ,439 New Listings ,84 Active Listings 1,218 1,381 1,533 1,75 1,767 1,66 1,57 1,517 1,443 1,39 1,241 1,8 AverageDOM Average Price 349, , , , ,972 37,55 374, , ,736 38, , , ,618 Benchmark Price 37,7 375, 374,6 38, 384,1 386,9 387,1 387,1 389,2 392,1 391, 391,4 Index /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales ,513 New Listings ,714 Active Listings 1,141 1,22 1,243 1,344 1,492 1,525 1,499 1,449 1,364 1,251 1,156 1,9 AverageDOM Average Price 379,53 387, , ,6 41, , , , , , ,155 4, ,812 Benchmark Price 396, 399,9 47,4 412,8 418,8 419,7 423,6 426,1 428,3 429,3 43,6 432,2 Index TO4169 TO41974 TO213 TO214 Dec13 Dec CREB Towns 12/1/13 12/1/14 12/1/13 12/1/14 >$1, $1, $199, $2, $299, ,85 $3, $ 349, $35, $399, $4, $449, $45, $499, $5, $549, $55, $599, $6, $649, $65, $699, $7, $799, $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999, $2,, $2,499,999 1 $2,5, $2,999,999 $3,, $3,499, $3,5, $3,999,999 $4,, ,439 5,513 CREB TOWNS YTD SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 14 d

15 CREB TOWNS CREB TOWNS YTD TOTAL SALES 6, 5, 4, 3, 2, 1, CREB TOWNS YTD TOTAL NEW LISTINGS 9, 8, 7, 6, 5, 4, 3, 2, 1, SF Sales Apartment Sales TH Sales 1 Year Average SF New Listings Apartment New Listings TH New Listings 1 Year Average CREB TOWNS INVENTORY AND SALES CREB TOWNS MONTHS OF INVENTORY 1,8 1,6 1,4 1,2 1, , 45, 4, 35, 3, 25, 2, 15, 1, 5, Inventory Sales Benchmark Price Months of Supply 3 month MA CREB TOWNS PRICE CHANGE COMPARISON CREB TOWNS PRICES 45, 43, 41, 39, 37, 35, 33, 31, 29, 27, 25, Average Price Y/Y% Change Index Y/Y% Change Median Price Change Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics page 15 d

16 CREB COUNTRY RESIDENTIAL Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Annual 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales New Listings ,641 Active Listings ,1 1,123 1,138 1,132 1,157 1,34 1, AverageDOM Average Price 91,23 831, ,36 83,942 75,27 814, , , , ,65 937, , , /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales ,31 New Listings ,557 Active Listings ,28 1, AverageDOM Average Price 745, , , , ,84 85,21 875, , , , , , ,95 C4169 C41974 C213 C214 Dec13 Dec CRES 12/1/13 12/1/14 12/1/13 12/1/14 >$1, 5 3 $1, $199, $2, $299, $3, $ 349, $35, $399, $4, $449, $45, $499, $5, $549, $55, $599, $6, $649, $65, $699, $7, $799, $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999, $2,, $2,499, $2,5, $2,999, $3,, $3,499, $3,5, $3,999, $4,, ,31 CRES YTD SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 16 d

17 CREB COUNTRY RESIDENTIAL CRES YTD TOTAL SALES CRES YTD TOTAL NEW LISTINGS CRES Sales 1 Year Average CRES New Listings 1 Year Average CRES INVENTORY AND SALES CRES MONTHS OF INVENTORY 1,2 1, , 8, 75, 7, 65, 6, Inventory Sales Median Price Months of Supply 3 month MA CRES PRICE CHANGE COMPARISON CRES PRICES 1,, 95, 9, 85, 8, 75, 7, 65, 6, 55, 5, Average Price Y/Y% Change Median Price Change Average Price Y/Y% Change 3 month MA Average Price Median Price Average Price 3 month MA CREB Calgary Regional Housing Market Statistics page 17 d

18 CREB TOTAL RESIDENTIAL Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Annual 213 1/1/13 2/1/13 3/1/13 4/1/13 5/1/13 6/1/13 7/1/13 8/1/13 9/1/13 1/1/13 11/1/13 12/1/13 12/1/13 Sales 1,588 2,128 2,676 3,48 3,33 3,57 3,23 2,894 2,545 2,541 2,228 1,497 3,528 New Listings 3,462 3,638 4,425 4,889 5,189 4,184 3,958 3,85 3,776 3,451 2,454 1,348 44,624 Active Listings 5,713 6,366 7,169 7,854 8,485 8,189 7,646 7,55 7,152 6,944 5,83 4,437 AverageDOM Average Price 431, , , ,76 452, , , , , , , , ,38 Benchmark Price 386, 39,7 394,6 4,2 43,6 46,2 48,2 41,7 411,4 415,3 417,4 418,5 Index /1/14 2/1/14 3/1/14 4/1/14 5/1/14 6/1/14 7/1/14 8/1/14 9/1/14 1/1/14 11/1/14 12/1/14 12/1/14 Sales 1,842 2,392 3,228 3,47 3,915 3,641 3,248 3,41 2,911 2,98 2,313 1,427 34,273 New Listings 3,37 3,66 4,564 5,151 6,36 5,373 4,565 4,345 4,375 3,915 2,833 1,846 49,97 Active Listings 4,83 5,291 5,783 6,593 7,711 8,9 8,57 7,988 7,74 7,294 6,454 5,465 AverageDOM Average Price 455,42 474, , ,7 483,523 48, ,83 471, ,71 479,95 47,14 466,22 475,262 Benchmark Price 422,2 427,1 433,4 439,2 445,6 45,2 451,7 452,5 453,4 454,2 455,8 455,3 Index CT4169 CT41974 CT213 CT214 Dec13 Dec CREB Total 12/1/13 12/1/14 12/1/13 12/1/14 >$1, $1, $199, ,55 1,9 $2, $299, ,551 5,52 $3, $ 349, ,11 4,34 $35, $399, ,336 4,752 $4, $449, ,721 4,437 $45, $499, ,796 3,5 $5, $549, ,977 2,693 $55, $599, ,41 1,882 $6, $649, ,75 1,332 $65, $699, ,48 $7, $799, ,82 1,415 $8, $899, $9, $999, $1,, $1,249, $1,25, $1,499, $1,5, $1,749, $1,75, $1,999, $2,, $2,499, $2,5, $2,999, $3,, $3,499, $3,5, $3,999, $4,, ,497 1,427 3,528 34,273 CREB RESIDENTIAL YTD SALES BY PRICE RANGE CREB Calgary Regional Housing Market Statistics page 18 d

19 CREB TOTAL RESIDENTIAL CREB RESIDENTIAL YTD TOTAL SALES 4, ANNUAL 35, 3, 25, 2, 15, 1, 5, CREB RESIDENTIAL YTD TOTAL NEW LISTINGS ANNUAL 7, 6, 5, 4, 3, 2, 1, SF Sales Apartment Sales TH Sales CRES SF New Listings Apartment New Listings TH New Listings CRES New Listings 1 Year Average CREB RESIDENTIAL INVENTORY AND SALES CREB RESIDENTIAL MONTHS OF INVENTORY 9, 8, 7, 6, 5, 4, 3, 2, 1, 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, Inventory Sales Benchmark Price Months of Supply 3 month MA CREB RESIDENTIAL PRICE CHANGE COMPARISON 12% 1 8% 6% 4% 2% 2% 4% 6% CREB RESIDENTIAL PRICES 5, 48, 46, 44, 42, 4, 38, 36, 34, 32, 3, Average Price Y/Y Change Index Y/Y% Change Median Price Change Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics page 19 d

20 DEFINITIONS SF Single Family LP List Price TH Condominium Townhouse Sales $ / List $ sales price to list price ratio Months of Supply Active Listings (Inventory) / sales CRES Country residential properties Composite includes single family, apartment and townhouse activity YTD Year to Date Average DOM Average Days on Market for Sold properties 3 month MA 3 month Moving Average SP Sales Price Benchmark Price Price of the typical home, based on the value consumers assign to various attributes MLS Home Price Index changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period. HOW THESE STATISTICS ARE CALCULATED In order to align our data with the MLS Home Price Index (HPI), we made several changes to the data that we report, as well as the monthly statistics. The new package provides more information and data exclusions to provide a better residential picture. All the data provided through the monthly statistics package as of March 212, reflect these adjustments. Please note, historical PDF packages do not include the changes. MONTHLY STATISTICS PACKAGE We now provide monthly statistics for: CREB Total Residential, CREB Towns, CREB Country Residential (CRES), City of Calgary, City of Calgary Single Family, City of Calgary Apartment, City of Calgary Townhouse. Median prices have been removed and replaced with the benchmark price and the index. MLS HPI Summary was added. Several trending graphs and summary stats were added for each category All categories exclude: vacant lots, time shares, parking stalls and mobile homes on leased land. CITY OF CALGARY Includes sales in Zones A, B, C, D only. Condominium Apartment includes all Condominium title properties that are classified by type as either a lowrise or highrise apartment. Condominium Townhouse includes all Condominium titled properties that are not classified as an Apartment. Historical inventories have been adjusted to reflect the adjustments made to the data. TOTAL MLS Changed to CREB Total Residential Excludes: Rural Land, Country Recreational (CREC), The exclusions applied to the data results in roughly 4 5 less sales per year. Historical inventories have been revised to best reflect the adjustments made to the data, while Mobile Homes, Rural Land and CREC were removed for inventories, we could not exclude vacant lots, time shares and parking stalls from historical inventories. CREB Towns Includes only areas outside of Calgary in which CREB represents the majority of membership Areas included: Airdrie, Foothills, Kneehill, Mountain View, Rocky View, Wheatland and Willow Creek. All historical data has been revised ABOUT CREB CREB is a professional body of more than 5,1 licensed brokers and registered associates, representing 245 member offices. CREB is dedicated to enhancing the value, integrity and expertise of its REALTOR members. Our REALTORS are committed to a high standard of professional conduct, ongoing education, and a strict Code of Ethics and standards of business practice. For Calgary Metro, CREB statistics include only Zone A, B, C and D for properties located in Calgary. Furthermore, all historical data has been adjusted to the most current information. Any use or reference to CREB data and statistics must acknowledge CREB as the source. The board does not generate statistics or analysis of any individual member or company s market share. All MLS active listings for Calgary and area may be found on the board s website at CREB is a registered trademark of the Calgary Real Estate Board Cooperative. The trademarks MLS and Multiple Listing Service are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR and REALTORS are controlled by CREA and identify real estate professionals who are members of CREA, and subsequently the Alberta Real Estate Association and CREB, used under licence. CREB Calgary Regional Housing Market Statistics page 2 d

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