Oversupply persists despite improved sales activity for affordable product Mar. 2019

Transcription

1 March 19

2 MONTHLY STATISTICS PACKAGE Oversupply persists despite improved sales activity for affordable product 19, April 1, 19 March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors. Shifts in the lower end of the market have not outweighed easing across the higher priced product. Firstquarter sales dropped to 3,18 units. This is nine per cent below last year and 8 per cent below typical levels of activity. Price declines and relatively slow sales activity are impacting the number of new listings. For the second consecutive month, new listings eased compared to last year s levels and longterm trends, but it was not enough to prevent inventory growth. If new listings continue to slow compared to sales, it could start to help with the persistent oversupply scenario weighing on our housing market, said CREB chief economist AnnMarie Lurie. However, inventory is still high. It will still take time for our market to transition towards more balanced conditions and stable pricing. With,595 units in inventory in March, the months of supply eased to five months. This is an improvement over the past several months, but still considered oversupplied when compared to levels traditionally recorded in March. The oversupply in the Calgary market has caused further price declines this month. As of March, benchmark prices eased to $13,9, five per cent below last year s levels and just below levels recorded last month. HOUSING MARKET FACTS Detached Firstquarter sales declined by nearly nine per cent compared to last year and 3 per cent below typical levels of activity. Detached sales have varied depending on location and price range, with gains occurring mostly in the most affordable price ranges of each district. In March, citywide detached sales improved for all homes priced under $5,. Despite easing in new listings, inventories increased over last year s levels, pushing months of supply to the highest level every recorded for the month of March. When considering activity by districts, the North East and East districts have seen the level of oversupply ease compared to last year. Oversupply in the detached sector continues to weigh on prices across all districts in the city. Citywide detached benchmark prices eased 5. per cent compared to last year for a total price of $75,8. Apartment Resale condominium sales fell by 1 per cent in March, causing firstquarter sales to total units, 17 per cent below last year. The decline did not occur in all districts, as sales activity improved in both the North and West districts of the city. Despite some signs of improvements in those districts, activity remains well below longterm trends. Supply in this sector is showing signs of adjusting to the lower levels of demand. New listings eased again this month compared to last year s levels. Unlike other property types, this adjustment is impacting inventories. Inventory in March was 1,88 units, 1 per cent below last year s levels. The months of supply has edged down from levels recorded earlier in the year, but due to weak sales, it is elevated compared to last year s levels and represents the highest levels ever recorded for march. Citywide, apartment condominium prices fell by.7 per cent from last month and. per cent over last year. However, in both the North East and South East districts, prices posted a modest gain over last year. Attached There was a slight uptick in attached sales in March due to improvements in both the semidetached and row sectors. Despite the gains in March, yeartodate sales remain four per cent below last year s levels and 1 per cent below longterm averages. Yeartodate sales have eased, but there have been improvements in the South and South East districts. Despite some improvements in sales, citywide months of supply remain elevated. Prices continued to trend down for semidetached product. March s benchmark price was $391,, nearly six per cent below last year s levels and. per cent below last month s price. However, the North district saw different results, as tightening months of supply supported a modest gain in prices compared to both last month and last year. Row prices in March remained relatively flat compared to February levels, but remain more than four per cent below last year s levels and over 13 per cent lower than previous highs. MONTHS OF SUPPLY AND PRICE CHANGES 9 DETACHED Months of Supply Trended Y/Y Benchmark Price Change CREB Monthly Statistics

3 Summary Stats DETACHED Mar18 Mar19 Y/Y % Change % Change Total Sales %,81 1, % Total Sales Volume $79,93,881 $3,5,55 9.9% $1,17,39,33 $1,,38,1 1.3 New Listings 1,87 1,7 8.98%,53,3.7% Inventory 3,79 3,393 1.,579 3,88 7.3% Months of Supply % Sales to New Listings Ratio 5.13% 8..93%.73%.71%. Sales to List Price Ratio 97.53% 9.%.91% 97.37% 9.1%.9% Days on Market % Benchmark Price $5,8 $75,8 5.37% $51, $75,97 5.3% Median Price $59,5 $, 9.71% $95, $57, 7.8% Average Price $58,5 $58, 7.7% $5,31 $53, % Index % 1.1% APARTMENT Total Sales % Total Sales Volume $5,71,1 $55,38, % $173,51, $13,9, % New Listings % 1,853 1, % Inventory 1,95 1,88 1.1% 1,7 1,57.95% Months of Supply % % Sales to New Listings Ratio 3.37% 3.7%.38% 3.8% 3.7%. Sales to List Price Ratio 9.% 95.97%.7% 9.3% 95.8% 1. Days on Market % % Benchmark Price $57, $5,.% $5,833 $51,.1% Median Price $5,5 $9, 1.39% $, $5, 5.77% Average Price $3,5 $9,73.% $38,85 $8, % Index % ATTACHED Total Sales % % Total Sales Volume $13,5,9 $1,7,31.38% $31,35,9 $8,71,3 9.99% New Listings % 1,998 1,97 1. Inventory 1,15 1,71.13% 1,359 1, % Months of Supply % % Sales to New Listings Ratio 35.83% 5.93% % % Sales to List Price Ratio 97.% 9.5%.81% 97.3% 9.1%.91% Days on Market 53.73% % Benchmark Price $39,7 $313,5.91% $38,9 $313,7.3% Median Price $351, $33,5 5.91% $33, $35, 3.7% Average Price $33,79 $385, % $8,137 $381,1.1% Index % % CITY OF CALGARY Total Sales 1,39 1,39.9% 3,17 3,18 9. Total Sales Volume $78,17,99 $11,51,7 9.81% $1,3,88,7 $1,3,15, % New Listings 3,5, ,3 7,7.53% Inventory,389,595 3.% 5,1 7,1 3. Months of Supply % % Sales to New Listings Ratio 39.7%..8% 1.15%. 1.11% Sales to List Price Ratio 97.3% 9.57%.8% 97.5% 9.31%.9% Days on Market % % Benchmark Price $35,7 $13,9 5. $3,33 $1,37.58% Median Price $39, $1,5. $7, $, 5.85% Average Price $95,37 $,3 7.9% $8,9 $57,9 5.9% Index 19.99% For a list of definitions, see page. CREB Monthly Statistics 3

4 Summary Stats 19 CITY OF CALGARY SEMIDETACHED Mar18 Mar19 Y/Y % Change % Change Total Sales % Total Sales Volume $78,917,938 $7,851,9 1.% $178,81, $1,735,77 9.9% Share of Sales with Condo Title 11.89% 1.8%.95% 15.% 15.1%.5% New Listings % % Inventory Months of Supply % % Sales to New Listings Ratio 3.95%.5% 9.3.1% 37.9%. Sales to List Price Ratio 97.58% 9.81%.77% 97.57% 9.38% 1. Days on Market % % Benchmark Price $15,3 $391, 5.85% $1,33 $39, 5.3% Median Price $5, $389, 1.58% $,5 $389,.31% Average Price $551,87 $78, % $51,878 $79,88.5% Index % 9 5.9% CITY OF CALGARY ROW Total Sales % % Total Sales Volume $53,,15 $53,18,5.7% $137,8, $13,98,93 1. Share of Sales with Condo Title 95.71% 9.3% 5.8% 9.7% 91.3% 1.% New Listings % 1,131 1,93 3.3% Inventory % 88 1,.98% Months of Supply % Sales to New Listings Ratio % 1.77% 37.75% 37.9%. Sales to List Price Ratio %.8% %.53% Days on Market % % Benchmark Price $97,9 $8,9.3% $9,733 $8,.9% Median Price $3, $95,75 1.% $3, $85, 5. Average Price $38,8 $35,85 7. $3,77 $3,9.77% Index % % CITY OF CALGARY ATTACHED Total Sales % % Total Sales Volume $13,5,9 $1,7,31.38% $31,35,9 $8,71,3 9.99% Share of Sales with Condo Title 5.5% 5.% 3.3% 58.3% 57.35% 1.51% New Listings % 1,998 1,97 1. Inventory 1,15 1,71.13% 1,359 1, % Months of Supply % % Sales to New Listings Ratio 35.83% 5.93% % % Sales to List Price Ratio 97.% 9.5%.81% 97.3% 9.1%.91% Days on Market 53.73% % Benchmark Price $39,7 $313,5.91% $38,9 $313,7.3% Median Price $351, $33,5 5.91% $33, $35, 3.7% Average Price $33,79 $385, % $8,137 $381,1.1% Index % % For a list of definitions, see page. CREB Monthly Statistics

5 Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change March 19 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre % 5.17 $38,3 8.33% 1.1% North East $39, 1.7%.9 North % $15, 3.78%. North West $53,7 7.15%. West % $88, 5.91%. South % $39,7 7.5%.3% South East % 3.98 $3, % East $31, 1.7%.15% TOTAL CITY 818 1,7 8. 3, $75,8 5.37%. Apartment City Centre % $77,.7.89% North East % $8,3 1.33%.97% North % 85.7 $5,3 9..3% North West % $7, 5.8%.% West % $31,.31%. South % $19,8.3% 1.7% South East % $,3 1.55% 1.3 East $187,.5%.9% TOTAL CITY % 1, $5,.%.7% Semidetached City Centre % $7,8 9.5% 1.7% North East % 8. $89,5.%.31% North %.5 $31, 1.1%.37% North West %.89 $3, 5.9%.35% West % 79.1 $81,.7%.1% South % 73.5 $311,.%.5% South East % 3.53 $38, 3.99% 1.5% East $8,8.3%.1% TOTAL CITY % $391, 5.85%.38% Row City Centre % 9.17 $5,3.5%.3 North East % $19,.8% 1.3% North % $,9 7.8%.9% North West % $98,.1%.7% West % 1.3 $318,.78% 3. South % 15.8 $,3.8%.53% South East % $8, 3.7% 1.51% East %. $1, 8.5%.59% TOTAL CITY % $8,9.3%.11% *Total city figures can include activity from areas not yet represented by a community / district 19 CREB Monthly Statistics 5

6 District Trends 19 TOTAL SALES 3,5 MARCH 3,,5, 1,5 1, 5 '5 ' '7 '8 '9 '1 '11 '1 City Centre South East South West North West North North East East '13 '1 '15 '1 '17 TOTAL INVENTORY MARCH 9, 8, 7,, 5,, 3,, 1, '5 ' '7 '8 '9 '1 '11 '1 '13 '1 '15 City Centre South East South West North West North North East East '1 '17 MONTHS OF SUPPLY MARCH Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics

7 Price Comparisons 19 BENCHMARK PRICE MARCH 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON MARCH % % % % % 8% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms Year Built Full Bathrooms Half Bathrooms CREB Monthly Statistics 7

8 District Graphs TOTAL INVENTORY BY PRICE RANGE MARCH 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE MARCH <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East SALES BY PROPERTY TYPE MARCH 3 SHARE OF CITY WIDE SALES MARCH % 31% City Centre North East North North West West South South East East 1% 1% 1% 11% 5 9% 11% 1% % 13% 11% 11% 8% 7% 11% % % 3% 13% 15% 1% % City Centre North East North North West West South South East East Detached Apartment Semi Detached Row Detached Apartment Semi Detached Row CREB Monthly Statistics 8

9 Total Residential 19 Jan. Feb. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 959 1,89 1,39 1,51 1,75 1,895 1,57 1,91 1,8 1,3 1, New Listings,5,3 3,5 3,5,37 3,89,9 3,57 3,8,37 1,915 1, Inventory, 5,7,389 7,33 8,59 8,831 8,75 8,11 7,93 7,3,537,917 Days on Market Benchmark Price 3, 3, 35,7 3, 37, 3, 35,5 3, 8,7,3, 18,5 Median Price 15, 5, 39, 3,5 8, 3, 3,5 7, 1,75 1,5 39,5, Average Price 8,3 93,8 95,37 78,11 9,7 9,35 79, 83,75 5,9 8, 3,533 8,753 Index /1/19 /1/19 3/1/19 /1/19 5/1/19 /1/19 7/1/19 8/1/19 9/1/19 1/1/19 11/1/19 1/1/19 Sales ,39 New Listings,573,9,98 Inventory 5,97 5,899,595 Days on Market 71 1 Benchmark Price 1,8 1, 13,9 Median Price 39,75 399,9 1,5 Average Price 5,779,59,3 Index Mar18 Mar CALGARY TOTAL SALES 3/1/18 3/1/19 3/1/18 3/1/19 >$1, $1, $199, $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,5, $1,99, $1,5, $1,79, $1,75, $1,999, $,, $,99, $,5, $,999, $3,, $3,99,999 1 $3,5, $3,999, $,, + 1 1,39 1,39 3,17 3,18 CITY OF CALGARY TOTAL SALES BY PRICE RANGE 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, $7, 999,999 $1,,+ CREB Monthly Statistics 9

10 CITY OF CALGARY TOTAL SALES 7,, 5,, 3,, 1, Total Residential 19 CITY OF CALGARY TOTAL NEW LISTINGS 1, 1, 8,,,, Detached Apartment Semi Detached Row 1 Year Average Detached Apartment Semi Detached Row 1 Year Average CITY OF CALGARY TOTAL INVENTORY AND SALES 1, 9, 8, 7,,, 35, 3, 5, CITY OF CALGARY TOTAL MONTHS OF INVENTORY ,, 3,, 1, Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb., 15, 1, 5,, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 15% 5% 5% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY TOTAL PRICES 5, 5, 8,,,,, 38, 3, 3, 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

11 Detached 19 Jan. Feb. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales ,59 1, New Listings 1,88 1,95 1,87,5,1,3 1,73 1,8 1,78 1,388 1,87 57 Inventory,,59 3,79 3,5,55,817,59,,35 3,987 3,58,598 Days on Market Benchmark Price 98,7 5,1 5,8 53,8 53, 5,1 5,7 97, 93,1 9, 8, 81, Median Price 7, 97, 59,5 95, 5, 9,5 85, 85, 7,5 7, 55,5 5, Average Price 55, ,39 58,5 558,8 577,53 573,79 5,7 53,7 539,55 53, 53, ,13 Index /1/19 /1/19 3/1/19 /1/19 5/1/19 /1/19 7/1/19 8/1/19 9/1/19 1/1/19 11/1/19 1/1/19 Sales New Listings 1,359 1,18 1,7 Inventory,8,993 3,393 Days on Market 7 57 Benchmark Price 7,5 75, 75,8 Median Price 3,95 59,9, Average Price 51,88 5,957 58, Index Mar18 Mar CALGARY TOTAL SALES 3/1/18 3/1/19 3/1/18 3/1/19 >$1, $1, $199,999 1 $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,5, $1,99, $1,5, $1,79, $1,75, $1,999, $,, $,99, $,5, $,999, $3,, $3,99,999 1 $3,5, $3,999, $,, ,81 1,897 CITY OF CALGARY DETACHED SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, $7, 999,999 $1,,+ CREB Monthly Statistics 11

12 CITY OF CALGARY DETACHED SALES, 3,5 3,,5, 1,5 1, 5 Detached 19 CITY OF CALGARY DETACHED NEW LISTINGS 7,, 5,, 3,, 1, Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY, 5,, 3,, 1, Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 51, 55, 5, 95, 9, 85, 8, 75, 7, 5,, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE 15% CITY OF CALGARY DETACHED PRICES, 57, 5% 5, 7, 5%, 37, 15% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

13 Apartment 19 Jan. Feb. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales New Listings Inventory 1,9 1,3 1,95 1,853 1,9 1,877 1,781 1,8 1, 1,58 1,35 1,3 Days on Market Benchmark Price 5, 5,7 57, 5,8 5, 59,3 59,9 58,1 57, 57, 5,8 51,5 Median Price 55, 7, 5,5 55, 5,,5 5, 58, 5,5 55,,, Average Price 98,9 35,95 3,5 8,118 89,715 9,3 8,879 9,787 3,97 8,19 75,78 83,19 Index /1/19 /1/19 3/1/19 /1/19 5/1/19 /1/19 7/1/19 8/1/19 9/1/19 1/1/19 11/1/19 1/1/19 Sales New Listings Inventory 1,179 1,33 1,88 Days on Market Benchmark Price 51,3 5,3 5, Median Price 5, 5, 9, Average Price 71,9 85,8 9,73 Index Mar18 Mar CALGARY TOTAL SALES 3/1/18 3/1/19 3/1/18 3/1/19 >$1, $1, $199, $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99,999 1 $7, $799, $8, $899, $9, $999,999 $1,, $1,9, $1,5, $1,99, $1,5, $1,79,999 1 $1,75, $1,999, $,, $,99,999 1 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, CITY OF CALGARY APARTMENT SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 13

14 CITY OF CALGARY APARTMENT SALES 1, Apartment 19 CITY OF CALGARY APARTMENT NEW LISTINGS,5 1, 8, 1,5 1, Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES,5, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1, 1,5 1, 5 Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb., 58, 5, 5, 5, 5, 8,,, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE 15% 5% 5% 15% 5% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY APARTMENT PRICES 3, 3, 3, 3, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

15 SemiDetached 19 Jan. Feb. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales New Listings Inventory Days on Market Benchmark Price 1,5 15,5 15,3 1,7 15,7 1,7 15,3 11,3 7, 3,,7 397,5 Median Price 37,5,815 5, 1,,8 8,18 395,75 13,75 37,75 397,5 355, 33,5 Average Price,51 59,17 551,87 57,585 8,7 9,5 91,38 8,917 7,913 77, 37,9 7,19 Index /1/19 /1/19 3/1/19 /1/19 5/1/19 /1/19 7/1/19 8/1/19 9/1/19 1/1/19 11/1/19 1/1/19 Sales New Listings Inventory Days on Market 7 59 Benchmark Price 393,1 39,5 391, Median Price 395,5 385, 389, Average Price 98,89 5,93 78,78 Index Mar18 Mar CALGARY TOTAL SALES 3/1/18 3/1/19 3/1/18 3/1/19 >$1, $1, $199, $, $99, $3, $ 39, $35, $399,999 1 $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,5, $1,99, $1,5, $1,79,999 1 $1,75, $1,999,999 $,, $,99, $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 15

16 CITY OF CALGARY SEMIDET. SALES SemiDetached 19 CITY OF CALGARY SEMIDET. NEW LISTINGS 1, Semi Detached 1 Year Average Semi Detached 1 Year Average CITY OF CALGARY SEMIDET. INVENTORY AND SALES CITY OF CALGARY SEMIDET. MONTHS OF INVENTORY 1, Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb., 15, 1, 5,, 395, 39, 385, 38, 375, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% 15% 5% 5% 15% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY SEMIDET. PRICES 5,, 55, 5, 5,, 35, 3, 5, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

17 Row 19 Jan. Feb. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales New Listings Inventory ,73 1,19 1,18 1,199 1,137 1,131 1, Days on Market Benchmark Price 9,7 95, 97,9 3,3 33,5 3,5 3, 9,7 9, 93, 9,9 88, Median Price 95, 3, 3, 38,95 38,5 93,5 9,5 3, 99, 89,9 89, 95,5 Average Price 31,51 33,53 38,8 33, 337, ,13 35,93 33,8 33,39 38,89 3,81 37,13 Index /1/19 /1/19 3/1/19 /1/19 5/1/19 /1/19 7/1/19 8/1/19 9/1/19 1/1/19 11/1/19 1/1/19 Sales New Listings Inventory Days on Market 85 5 Benchmark Price 8,3 8, 8,9 Median Price 8, 81, 95,75 Average Price 3,91 9,931 35,85 Index Mar18 Mar CALGARY TOTAL SALES 3/1/18 3/1/19 3/1/18 3/1/19 >$1, $1, $199, $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999,999 1 $1,, $1,9,999 $1,5, $1,99,999 $1,5, $1,79,999 1 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, CITY OF CALGARY ROW SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, $7, 999,999 $1,,+ CREB Monthly Statistics 17

18 CITY OF CALGARY ROW SALES Row 19 CITY OF CALGARY ROW NEW LISTINGS 1, 1, 1, Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 1, 1, 8 35, 3, 95, 9, 85, CITY OF CALGARY ROW MONTHS OF INVENTORY Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 8, 75, 7, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 15% 5% 5% 15% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY ROW PRICES, 38, 3, 3, 3, 3, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 18

19 19 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES 1, 1 CITY CENTRE TOTAL SALES BY PRICE RANGE 1, 1, Detached Apartment Semi Detached Row 1 Year Average CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY,5, 1,5 1, 5 Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 515, 51, 55, 5, 95, 9, 85, 8, 75, 7, 5,, Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE 15% 5% 5% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change CITY CENTRE PRICES 9, 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19

20 NORTHEAST NORTHEAST TOTAL SALES NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES Detached Apartment Semi Detached Row 1 Year Average NORTHEAST TOTAL SALES BY PRICE RANGE NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 38, 3, 3, 3, 3, 338, 33, 33, 33, 33, 38, Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE 3 5% 15% 5% 5% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHEAST PRICES 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

21 NORTH NORTH TOTAL SALES NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES Detached Apartment Semi Detached Row 1 Year Average NORTH TOTAL SALES BY PRICE RANGE NORTH INVENTORY AND SALES 1, 1, 8 39, 385, 38, 375, 37, 35, NORTH MONTHS OF INVENTORY Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 3, Months of Supply Trended 1month moving average NORTH PRICE CHANGE 15% 5% 5% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTH PRICES 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

22 NORTHWEST NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES NORTHWEST TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY 1, 1, 8 Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 8, 7,, 5,, 3,, Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE 15% 5% 5% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHWEST PRICES 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

23 WEST WEST TOTAL SALES WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES Detached Apartment Semi Detached Row 1 Year Average WEST TOTAL SALES BY PRICE RANGE WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 1, 1, 8 Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 58, 57, 5, 55, 5, 53, 5, 51, 5, Months of Supply Trended 1month moving average WEST PRICE CHANGE 15% 5% 5% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change WEST PRICES 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 3

24 SOUTH SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES SOUTH TOTAL SALES 1, 3 SOUTH TOTAL SALES BY PRICE RANGE 19 1, Detached Apartment Semi Detached Row 1 Year Average SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 1, 1, 8 Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 15, 1, 5,, 395, 39, 385, 38, 375, 37, 35, Months of Supply Trended 1month moving average SOUTH PRICE CHANGE 15% 5% 5% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTH PRICES 55, 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

25 SOUTHEAST SOUTHEAST TOTAL SALES SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES Detached Apartment Semi Detached Row 1 Year Average SOUTHEAST TOTAL SALES BY PRICE RANGE SOUTHEAST INVENTORY AND SALES 1, 1, 8 3, 5,, 15, 1, 5,, 395, SOUTHEAST MONTHS OF INVENTORY Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 39, Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE 15% 5% 5% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTHEAST PRICES 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 5

26 EAST EAST TOTAL SALES EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES Detached Apartment Semi Detached Row 1 Year Average EAST TOTAL SALES BY PRICE RANGE EAST INVENTORY AND SALES , 3, 98, 9, 9, 9, 9, 88, 8, EAST MONTHS OF INVENTORY Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Inventory Sales Benchmark Price Feb. 8, Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% 15% 5% 5% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change EAST PRICES, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

27 CREB Definitions DEFINITIONS Benchmark Price Represents the monthly price of the typical home based on its attributes such as size, location and number of bedrooms. MLS Home Price Index Changes in home prices by comparing current price levels relative to January 5 price level. Absorption Rate Refers to the ratio between the amount of sales occurring in the market relative to the amount of inventory. Months of Supply Refers to the ratio between Inventory and sales which represents at the current pace of sales how long it would take to clear existing inventory. Detached A unit that is not attached to any other unit. Semidetached A single dwelling built as one of a pair that share one common wall. Row A single dwelling attached to each other by a common wall with more than two properties in the complex. Attached Both row and semidetached properties. Apartment A unit within a high rise or low rise condominium building with access through an interior hallway. Total Residential Includes detached, attached and apartment style properties. Exclusions Data included in this package do not include activity related to multipleunit sales, rental, land or leased properties. ABOUT CREB CREB is a professional body of more than 5,1 licensed brokers and registered associates, representing 5 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. 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 ww.creb.com. 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 Monthly Statistics 7