Dec December 2018

Transcription

1 December

2 MONTHLY STATISTICS PACKAGE Job market weakness and lending restrictions a common thread in s housing market, January, 19 As oversupply continues in Calgary s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year, said CREB chief economist AnnMarie Lurie. This contributed to elevated supply in the resale market, resulting in price declines. December sales totalled 79 units, a 1 per cent decline over the previous year. Overall yeartodate sales in the city totalled 1,1 units. This is a 1 per cent decline over 17 and nearly per cent below longterm averages. Inventory levels in December sat at,9 units. This is well above levels recorded last year and 3 per cent above typical levels for the month. Elevated resale inventories in were caused by gains in the detached and attached sectors. Throughout, the months of supply remained elevated and averaged. months. This contributed to the annual average benchmark price decline of 1. per cent. Price declines occurred across all product types and have caused citywide figures to remain over nine per cent below the monthly highs recorded in 1. Both buyers and sellers faced adjustments in expectations this year. Sellers had to compete with more choice in the resale market, but also the newhome market, said CREB president Tom Westcott. With less people looking for a home, it became a choice between delaying when to sell or adjusting the sale price. However, buyers looking for more affordable product did not find the same price adjustments that existed in some of the higher price ranges. More information on the housing market will be released at CREB s 19 Forecast Conference & Tradeshow ( on Jan. 3, 19. HOUSING MARKET FACTS Detached Detached sales declined across all districts in. With citywide sales of 9,9 units, activity remains 1 per cent below typical levels for the year. Detached inventories were higher than last year s levels for each month of the year, including December. Slow sales caused the market to be oversupplied through most of. Detached benchmark prices totalled $81, in December, a one per cent decline over last month and a three per cent decline over last year. Overall, prices declined by 1. per cent compared to last year. Prices have eased across most districts in. The largest declines this year have occurred in the North East, North West and North districts. Apartment Apartment sales totalled,3 units in. While the decline is less than other product types, levels are per cent below longterm averages. The apartment condominium sector has struggled with oversupply for almost three years and was no exception. However, supply has been easing, as inventories this year averaged 1,8 units, one per cent below last year s levels. Despite slowing supply growth, the market remained oversupplied, causing further price declines. In December, benchmark prices were $1,, over two per cent below last year. Annually, prices have declined by nearly three per cent for a total decline of 1 per cent since 1. Price declines this year have ranged from a high of nearly six per cent in the East district to a low of two per cent in both the City Centre and North West districts. Attached Declines for both row and semidetached product resulted in attached sales of 3,3 units, a 1 per cent decline over the previous year and 1 per cent below longterm averages. Slower sales activity prompted some pullback in new listings, but this was limited to the row sector. Row new listings declined by four per cent and semidetached new listings rose by nearly 1 per cent in. Despite some adjustments to new listings, inventory levels remained elevated, keeping the market in buyers market territory and putting downward pressure on prices. In December, the semidetached benchmark price totalled $397,. This is a monthly and yearoveryear decline of.8 and 3.8 per cent, respectively. Recent price declines have caused this sector to erase any of the gains that occurred last year, as prices remain just below 17 levels. Overall, annual prices remain 1. per cent below 1 peak levels. Row prices have also been edging down. As of December, row prices were $88,, a 1. per cent decline from last month and nearly four per cent below last year s levels. Overall, prices remain two per cent below last year s levels and nearly 1 per cent below 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 Dec17 Dec18 Y/Y % Change 17 % Change Total Sales % 11,83 9,9 1.9% Total Sales Volume $3,37,388 $,, % $,97,89,9 $,,371,9 1. New Listings % 19,9 19,81 3.7% Inventory,,9 7.,71 3, % Months of Supply % Sales to New Listings Ratio 91.1% 8.9%.% 1.9% % Sales to List Price Ratio 97.19% 9.%.9% 97.3% 9.93%. Days on Market 8.% % Benchmark Price $98,7 $81, 3.7% $,1 $9,79 1.% Median Price $, $,. $9, $8, 1.% Average Price $,71 $9,17.1% $7, $7,3. Index % 7 1.% APARTMENT Total Sales %,871,3 7.% Total Sales Volume $,17,89 $3,3, 3.83% $8,19,3 $777,891,9 7.1% New Listings % 7,1,91 7.% Inventory 1,183 1, 13.% 1,1 1,8 1.8% Months of Supply % % Sales to New Listings Ratio.13% 9.77% 1.37% 39.79% % Sales to List Price Ratio 9.3% 9.1%.87% 9.3% 9.1%.3% Days on Market % 8.33% Benchmark Price $7,8 $1,.% $3,78 $,.7 Median Price $, $,. $, $,.88% Average Price $71,3 $83,19.3% $9,33 $9,111.18% Index % % ATTACHED Total Sales %,181 3,3 1.3% Total Sales Volume $88,, $7,97,77 18.% $1,73,17,8 $1,39,98, New Listings % 7,819 8,1 3.% Inventory 1,99 1, ,383 1,7.9% Months of Supply % Sales to New Listings Ratio 77.89% 7.71% 3.19% 3.7% 3.3% 9.8% Sales to List Price Ratio %.3% 97.31% 97.11%.19% Days on Market 9 7.7% % Benchmark Price $33, $317,9 3.78% $33, $37,33 1.9% Median Price $39,9 $37,.7% $33, $338, 1.% Average Price $399,33 $37,1.71% $7,31 $39, % Index % CITY OF CALGARY Total Sales 1, % 18,88 1,1 1.1% Total Sales Volume $7,317,879 $3,888,379. $9,11,13,9 $7,71,31,8 1.9% New Listings 1,1 1,7 1.% 3,19 3,8 1. Inventory,3,9 13.7%,73 7,17.3% Months of Supply % % Sales to New Listings Ratio 8.% 7.8%.8.33%.% 8.8% Sales to List Price Ratio % % 9.87%.1% Days on Market % 3.% Benchmark Price $33,3 $18, 3.% $38, $31,37 1.% Median Price $1, $,.% $3, $,.33% Average Price $3,39 $, % $8,9 $77,93 1.% Index % % For a list of definitions, see page. CREB Monthly Statistics 3

4 Summary Stats CITY OF CALGARY SEMIDETACHED Dec17 Dec18 Y/Y % Change 17 % Change Total Sales % 1,81 1, Total Sales Volume $,7,81 $39,93,33 1.% $97,83,88 $77,83,913 1.% Share of Sales with Condo Title 1.8% 11.9%.3% 1.% 1.9%.7 New Listings % 3,11 3,88 1.9% Inventory % % Months of Supply..9.8% % Sales to New Listings Ratio 73.% 78.38%.73% 8.3% 3.9% 1.39% Sales to List Price Ratio 97.% 9.78%.% 97.7% 97.9%.18% Days on Market % 19.7% Benchmark Price $13,1 $397, 3.78% $11,917 $1,.3% Median Price $, $3, 1.73% $, $399,9 1.% Average Price $9,19 $9,37.7 $98,3 $8,91.33% Index % 8 7.3% CITY OF CALGARY ROW Total Sales %,3 1, % Total Sales Volume $1,891,81 $3,3,13.79% $79,3,7 $8,1,8 1.3% Share of Sales with Condo Title 9.9% 89.%.9% 9.77% 9.3.7% New Listings 1 1.1%,98,17 3.8% Inventory ,3 1.% Months of Supply % % Sales to New Listings Ratio 81.1% 71.9% 9.9%.3% 3.37%.8% Sales to List Price Ratio 9.8% 9.3%.3% 97.1% 9.9.3% Days on Market % 1.38% Benchmark Price $99,8 $88, 3.8 $33,7 $9,89.% Median Price $9, $9,.17% $38, $98, 3.33% Average Price $39,87 $38,39.1% $337,1 $3,.8% Index % % CITY OF CALGARY ATTACHED Total Sales %,181 3,3 1.3% Total Sales Volume $88,, $7,97,77 18.% $1,73,17,8 $1,39,98, Share of Sales with Condo Title 1.%.17% 11.8%.9 8.3%.39% New Listings % 7,819 8,1 3.% Inventory 1,99 1, ,383 1,7.9% Months of Supply % Sales to New Listings Ratio 77.89% 7.71% 3.19% 3.7% 3.3% 9.8% Sales to List Price Ratio %.3% 97.31% 97.11%.19% Days on Market 9 7.7% % Benchmark Price $33, $317,9 3.78% $33, $37,33 1.9% Median Price $39,9 $37,.7% $33, $338, 1.% Average Price $399,33 $37,1.71% $7,31 $39, % Index % For a list of definitions, see page. CREB Monthly Statistics

5 Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change December Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre % $,3 3.71% 1.8% North East 9 9.% $37,.8%.33% North $, 1.%.1% North West % 3.7 $13,8.. West % 7.3 $77, 3.3%.81% South % 78. $1, % South East % 3.93 $3,9.7%.3% East $3,9 3.37% 1.% TOTAL CITY %,9.3 $81, 3.7%.9% Apartment City Centre $79,.3%.1% North East 9.% 8. $3,.8% 1.9% North $,..73% North West.83% $3, 1.1%. West % $9,7 8.%.17% South % $17, % South East % $3,8.99% 1.% East $189,.8 1.1% TOTAL CITY % 1, 9. $1,.%.1% Semidetached City Centre 8 3.% $7,3.39%.9% North East $88, 3.7%.% North % 3.7 $31,9.8% 1.1% North West $37,.%.3% West % 7.3 $9, 3.% 1. South % $31,..9% South East 11.% 8.7 $37,.9%.8% East $87, 3.3% 1.17% TOTAL CITY % 73.9 $397, 3.78%.8 Row City Centre $7,8.9% 3.78% North East 19.3% $193,9 3.39% 3.1% North $8,.9%.8% North West % 73. $31,8.3%. West $3,7.31% 1.83% South % $3,3 1.78% 1.1% South East % $8, 3.9% 3.1% East $17, 1.8%.9% TOTAL CITY % $88, % *Total city figures can include activity from areas not yet represented by a community / district CREB Monthly Statistics

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

7 Price Comparisons BENCHMARK PRICE DECEMBER 8, 7,,,, 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 DECEMBER % % % % % 8% 1% 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 1,1 1,73 1,3 1,8 1,91 1,31 Lot Size,8,7,39,38,,,73,8,98 Above Ground Bedrooms Year Built Full Bathrooms Half Bathrooms CREB Monthly Statistics 7

8 District Graphs TOTAL INVENTORY BY PRICE RANGE DECEMBER 1, TOTAL SALES BY PRICE RANGE DECEMBER 1, <$, $, $99,999 $3, $399,999 $, $99,999 $, $99,999 $, $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 $, $99,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East SALES BY PROPERTY TYPE DECEMBER 18 SHARE OF CITY WIDE SALES DECEMBER City Centre North East North North West West South South East East 1 8 1% 3% 1% 1% % % 18% 1% 9% 13% 1% 1% 7% 8% 8% % 8% % % 1% 1% 1% 1% 8% 8% % 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 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. 17 1/1/17 /1/17 3/1/17 /1/17 /1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 93 1,33 1,89 1,9,11,13 1, 1,9 1, 1,7 1,1 1,9 New Listings,383,9 3, 3,9 3,8 3,73,978 3, 3,3,8,1 1,1 Inventory,11,,1,18,13,9,9,19,88,79,83,3 Days on Market Benchmark Price 33,7 33, 3, 3,9 39, 1, 3,7, 1,8 39, 3,8 33,3 Median Price, 8, 3,, 8,,, 8, 3, 1, 1, 1, Average Price 7,9 8,78 9,98 9,,3,889 77,98 78,8 8,1 7,97,1 3,39 Index /1/18 /1/18 3/1/18 /1/18 /1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 99 1,89 1,39 1,1 1,7 1,89 1,8 1,91 1,8 1,3 1,17 79 New Listings,,3 3, 3,,37 3,89,9 3,7 3,8,3 1,91 1,7 Inventory,,7,389 7,33 8,8 8,83 8,7 8,1 7,9 7,338,31,9 Days on Market Benchmark Price 3, 3, 3,7 3, 37, 3, 3, 3, 8,7,3, 18, Median Price 1,, 39, 3, 8, 3, 3, 7, 1,7 1, 39,, Average Price 8,3 93,8 9,37 78,11 9,7 9,3 79,19 83,7,9 8, 3,37,93 Index Dec17 Dec18 17 CALGARY TOTAL SALES 1/1/17 1/1/18 1/1/17 1/1/18 >$1, 3 9 $1, $199, $, $99, ,91,3 $3, $ 39, , 1,77 $3, $399, ,77,9 $, $9, ,339,3 $, $99, ,9 1,18 $, $9, ,3 1,3 $, $99, , 99 $, $9, $, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,, $1,99, $1,, $1,79, $1,7, $1,999, $,, $,99, $,, $,999, $3,, $3,99,999 1 $3,, $3,999,999 $,, + 1, ,88 1,1 CITY OF CALGARY TOTAL SALES BY PRICE RANGE,,, 3,, 1, <$, $, $99,999 $3, $399,999 $, $99,999 $, $99, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 9

10 CITY OF CALGARY TOTAL SALES Total Residential CITY OF CALGARY TOTAL NEW LISTINGS 3,,,,,, 3, 3, 1,, 1,, 1,, 1,, 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,,,, 3,, 1,, 3, 3,,, 1, 1, CITY OF CALGARY TOTAL MONTHS OF INVENTORY Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov., Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 1% % % Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY TOTAL PRICES,, 8,,,,, 38, 3, 3, 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

11 Detached Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. 17 1/1/17 /1/17 3/1/17 /1/17 /1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales ,171 1,19 1,37 1,381 1, New Listings 1,8 1,93 1,79 1,81,39,1 1,88 1,7 1,87 1,8 1,1 7 Inventory 1,88 1,99,3,3,9 3,7 3,8 3,77 3,9 3,7,7, Days on Market Benchmark Price 97,7 98, 99,7 1,, 8,7 11,1 1, 8,, 3,3 98,7 Median Price 8, 9, 9,, 1, 13, 9, 91, 8, 7,,, Average Price,87 7,1 71,7, 8,9 9,8 3,3,7,3,998 3,,71 Index /1/18 /1/18 3/1/18 /1/18 /1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales ,9 1, New Listings 1,88 1,9 1,87,,1,3 1,73 1,8 1,78 1,389 1,88 77 Inventory,,8 3,78 3,1,,81,93,,3 3,987 3,7,9 Days on Market Benchmark Price 98,7,1,8 3,8 3,,1,7 97, 93,1 9, 8, 81, Median Price 7, 97, 9, 9,, 9, 8, 8, 7, 7,,, Average Price,711 7,39 8, 8,8 77,3 73,79,3 3,7 39, 3, 3,883 9,17 Index Dec17 Dec18 17 CALGARY TOTAL SALES 1/1/17 1/1/18 1/1/17 1/1/18 >$1, $1, $199,999 $, $99, $3, $ 39, $3, $399, ,9 1,398 $, $9, ,9 1,7 $, $99, ,3 1,7 $, $9, ,37 1,18 $, $99, ,7 88 $, $9, $, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,, $1,99, $1,, $1,79, $1,7, $1,999, $,, $,99, $,, $,999, $3,, $3,99,999 1 $3,, $3,999,999 $,, ,83 9,9 CITY OF CALGARY DETACHED SALES BY PRICE RANGE,, 3, 3,,, 1, 1, <$, $, $99,999 $3, $399,999 $, $99,999 $, $99, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 11

12 CITY OF CALGARY DETACHED SALES 1, 1, 1, 1, 8,,,, 3,,, 1, 1,, Detached CITY OF CALGARY DETACHED NEW LISTINGS Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY,,, 3,, 1, Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 1,,, 9, 9, 8, 8, 7, 7, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE 1% CITY OF CALGARY DETACHED PRICES, 7, %, 7, %, 37, 1% 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 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. 17 1/1/17 /1/17 3/1/17 /1/17 /1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales New Listings Inventory 1, 1,39 1,78 1,3 1,781 1,871 1,813 1,77 1,77 1, 1,9 1,183 Days on Market Benchmark Price,,,, 7,1,9, 3,,3 1,7 8, 7,8 Median Price 8, 7, 1, 7, 7, 7, 7,7, 7,, 1,, Average Price 8,9 31,98 8,13 33,31 9,999 33,31 8,3 8, 83,79 9,1 77,9 71,3 Index /1/18 /1/18 3/1/18 /1/18 /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 1,9 1,83 1,9 1,877 1,781 1,8 1, 1,8 1,33 1, Days on Market Benchmark Price,,7 7,,8, 9,3 9,9 8,1 7, 7,,8 1, Median Price, 7,,,,,, 8,,, 1,37, Average Price 98,9 3,9 3, 8,118 89,71 9,3 8,879 9,787 3,97 8,19 7,89 83,19 Index Dec17 Dec18 17 CALGARY TOTAL SALES 1/1/17 1/1/18 1/1/17 1/1/18 >$1, 8 $1, $199, $, $99, , 1, $3, $ 39, $3, $399, $, $9, $, $99, $, $9,999 3 $, $99, $, $9, $, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9,999 8 $1,, $1,99, $1,, $1,79, $1,7, $1,999,999 1 $,, $,99,999 1 $,, $,999,999 $3,, $3,99,999 $3,, $3,999,999 $,, ,871,3 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE 1,8 1, 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $, $99, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 13

14 CITY OF CALGARY APARTMENT SALES Apartment CITY OF CALGARY APARTMENT NEW LISTINGS, 1,, 9, 8,, 7,, 3,,,, 3, 1,, 1, Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES,, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1, 1, 1, Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov., 8,,,,, 8,, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE 1% % % 1% % 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 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. 17 1/1/17 /1/17 3/1/17 /1/17 /1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales New Listings Inventory Days on Market Benchmark Price 3,8, 7,8 9, 11,3 1, 17, 1,1 1,9 1, 1, 13,1 Median Price 37, 38,88 39, 3,7,, 39, 39, 3, 39, 397,, Average Price 8,9 77,8 9,7,3 9,8 13,11 1,73 77,1,1 9, 1, 9,19 Index /1/18 /1/18 3/1/18 /1/18 /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, 1, 1,3 1,7 1,7 1,7 1,3 11,3 7, 3,,7 397, Median Price 37,,81, 1,,8 7, 39,7 13,7 37,7 397, 3, 3, Average Price,1 9,17 1,87 7,8 8,7 9,19 91,38 8,917 7,913 77, 37,9 9,37 Index Dec17 Dec18 17 CALGARY TOTAL SALES 1/1/17 1/1/18 1/1/17 1/1/18 >$1, $1, $199, $, $99, $3, $ 39, $3, $399, $, $9, $, $99, $, $9,999 8 $, $99,999 $, $9, $, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,, $1,99,999 8 $1,, $1,79,999 1 $1,7, $1,999,999 $,, $,99,999 1 $,, $,999,999 $3,, $3,99,999 $3,, $3,999,999 $,, ,81 1,77 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $, $99, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 1

16 CITY OF CALGARY SEMIDET. SALES,, 1, 1, SemiDetached CITY OF CALGARY SEMIDET. NEW LISTINGS, 3, 3,,, 1, 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, Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov., 1, 1,,, 39, 39, 38, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY SEMIDET. PRICES,,,,,, 3, 3,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

17 Row Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. 17 1/1/17 /1/17 3/1/17 /1/17 /1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales New Listings Inventory ,1 1,1 99 1, Days on Market Benchmark Price 3,7 31,7 3,1 31,9 33, 3,7 3,8 37,1 3,7 3, 33,1 99,8 Median Price 33, 311, 3,7 39, 31, 31, 37, 3, 319, 31, 9, 9, Average Price 3,783 33, 3, 3, , 33, 331,39 37, 3,187 33,3 31,117 39,87 Index /1/18 /1/18 3/1/18 /1/18 /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 1,18 1,18 1,199 1,13 1,13 1, Days on Market Benchmark Price 9,7 9, 97,9 3,3 33, 3, 3, 9,7 9, 93, 9,9 88, Median Price 9, 3, 3, 38,9 38, 9, 9, 3, 99, 89,9 87, 9, Average Price 31,1 33,3 38,8 33, 337, ,8 3,93 33,8 33,39 38,89 3,9 38,39 Index Dec17 Dec18 17 CALGARY TOTAL SALES 1/1/17 1/1/18 1/1/17 1/1/18 >$1, 1 1 $1, $199, $, $99, $3, $ 39, $3, $399, $, $9, $, $99, $, $9, $, $99,999 $, $9,999 3 $, $99, $7, $799, $8, $899,999 $9, $999, $1,, $1,9,999 8 $1,, $1,99, $1,, $1,79,999 1 $1,7, $1,999,999 1 $,, $,99,999 $,, $,999,999 $3,, $3,99,999 $3,, $3,999,999 $,, ,3 1,99 CITY OF CALGARY ROW SALES BY PRICE RANGE 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $, $99, $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 17

18 CITY OF CALGARY ROW SALES, 3, 3,,, 1, 1,,,, 3,, 1, Row CITY OF CALGARY ROW NEW LISTINGS Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 1, 1, 8 3, 3, 9, CITY OF CALGARY ROW MONTHS OF INVENTORY Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 9, 8, 8, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE % 1% % % 1% 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 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES, 7 CITY CENTRE TOTAL SALES BY PRICE RANGE,, 3,, 1, Detached Apartment Semi Detached Row 1 Year Average CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY,, 1, 1, Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 1, 1,,, 9, 9, 8, 8, 7, Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE 1% % % 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,,,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19

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

21 NORTH NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES 3, 3,,, 1, 1, NORTH TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY 1, 1, 8 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 39, 38, 38, 37, 37, 3, Months of Supply Trended 1month moving average NORTH PRICE CHANGE 1% % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTH PRICES,,, 3, 3,,, 1, 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 3, 7 NORTHWEST TOTAL SALES BY PRICE RANGE 3,,, 1, 1, Detached Apartment Semi Detached Row 1 Year Average NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY 1, 1, 8 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 8, 7, 7,,,,,,, Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE 1% % % Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHWEST PRICES 7,,,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

23 WEST WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES WEST TOTAL SALES 3,,, 1, 1, WEST TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 1, 1, 8 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 7, 7,,,,,,, 3, 3,, Months of Supply Trended 1month moving average WEST PRICE CHANGE 1% % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change WEST PRICES 8, 7,,,, 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 SOUTH TOTAL SALES BY PRICE RANGE, 1,, 1 3, 1 3, 8,, 1, 1, Detached Apartment Semi Detached Row 1 Year Average SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 1, 1, 8 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Inventory Sales Benchmark Price Nov. 1, 1,,, 39, 39, 38, 38, 37, 37, Months of Supply Trended 1month moving average SOUTH PRICE CHANGE 1% % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTH PRICES,,,, 3, 3,,, 1, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

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

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

27 CREB Definitions 9 87 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 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,1 licensed brokers and registered associates, representing 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