Demand down with net migration

Transcription

1 July 1

2 Demand down with net migration City of Calgary, August, 1 In step with City census data on declining net migration levels, housing sales activity totaled 1,71 units in July, a 1. per cent decrease over last year and the th consecutive month of yearoveryear sales declines. Continued pullback of sales activity is a sign of economic conditions, said CREB chief economist AnnMarie Lurie. The number of unemployed workers keeps rising and when you combine job losses with declining net migration, the result is going to be weaker housing demand. Slower sales were accompanied by declining new listings in July. This helped prevent further inventory gains and minimize the downward pressure on benchmark prices. By months end, the residential benchmark price was $,, similar to last month, but. per cent below July figures from the previous year. While detached price seem to be leveling, this is not the case for all property types. With over six months of inventory in the apartment sector, oversupply continues to create steep price declines The apartment benchmark price totaled $77, in July, a. per cent decline over the previous month and. per cent below last year s levels. Citywide benchmark prices for detached product totaled $5,3 in July, which is similar to last month, but 3. per cent lower than last year s levels. Meanwhile, semi and row attached product recorded a yearoveryear decline of 3.1 and 5.5 per cent for July prices of $385, and $31,3. To buyers and sellers that have been paying attention to the housing market in Calgary and surrounding areas, it should come as no surprise that we continue to see a slowdown in sales activity, said CREB president Cliff Stevenson. Buyers are expecting further declines in sold prices, and sellers are adjusting to softer demand with price decreases. When these expectations intersect, we're seeing sales activity in the market, but not at the level realized over the last several years. CALGARY MONTHS OF SUPPLY AND PRICE CHANGES 9 MONTHLY STATISTICS PACKAGE City of Calgary HOUSING MARKET FACTS July 1 The average yeartodate benchmark price decline within the city districts has ranged from highs of 5.1 per cent (City Centre) to lows of.8 per cent (North East). The pullback in detached new listings helped balance out declining sales. Detached sales account for around 3 per cent of the entire market this year. Yeartodate, there has been,98 sales, per cent below the ten year average and the lowest level since 199; Yeartodate apartment sales totaled 1,8 units, a 1 per cent decline over last year, which already recorded an 33 per cent annual drop compared to 1; Months of supply in the apartment sector has averaged.3 months this year, far higher than the 3. and. in detached and attached product; The average apartment price showed a yearoveryear gain of 13 per cent. This does not reflect any change in trend, as the jump was caused by one high end sale that skewed the numbers. *See district map on last page. 5% % 55% 5% 5% % 35% 3% 5% % 15% 1% 5% % 5% 1% 15% % estimated months of supply months of supply trend (1 M) benchmark y/y price change CREB Monthly Statistics City of Calgary

3 Summary Stats City of Calgary DETACHED Jul15 Jul1 Y/Y % Change 15 1 July 1 Y/Y % Change Total Sales 1, 1, % 7,1,98.85% Total Sales Volume $,8,87 $,38,1 9.17% $,1,797,183 $3,77,35,15.15% New Listings 1,731 1, % 1,87 11,8 5.9% Inventory,75,77.91%,87, % Months of Supply % % Sales to New Listings Ratio 7.8% 7.1% 3.93% 59.39% 58.1%.98% Sales to List Price Ratio 97.% 97.18%.% 97.5% 97.%.5% Days on Market % % Benchmark Price $5, $5,3 3.% $519,81 $53,71 3.% Median Price $89, $8, 1.8% $83, $8,.% Average Price $51,93 $51,73.1% $5,31 $5,373.75% Index 13 3.% 13 3.% APARTMENT Total Sales %,1 1,8.7% Total Sales Volume $1,98,51 $89,5, % $59,11,383 $519,38,55 1.% New Listings %,3,9 1.51% Inventory 1,5 1,55.8% 1,99 1,9 15.1% Months of Supply % % Sales to New Listings Ratio 55.7% 1.17% 1.5% 7.57% 37.15% 1.% Sales to List Price Ratio 97.1% 97.8%.% 97.8% 9.7%.1% Days on Market % % Benchmark Price $9,5 $77,.58% $9,57 $8, 5.8% Median Price $8,5 $9, % $75, $7, 1.9% Average Price $311,31 $35, % $313,8 $311,9.3% Index % % ATTACHED Total Sales %,3, % Total Sales Volume $18,918,183 $15,87,95 17.% $1,9,83,5 $95,71, % New Listings %,7,878.39% Inventory 1,137 1, 3.8% 1,13 1, % Months of Supply % % Sales to New Listings Ratio.% 5.8%.5% 55.9% 8.1% 7.9% Sales to List Price Ratio 97.7% 97.1%.% 97.8% 97.8%.% Days on Market 5 13.% % Benchmark Price $37, $33,8.7% $37,757 $33,9 3.7% Median Price $353, $3, 3.8% $39, $35, 1.15% Average Price $18,11 $8,18.39% $1,35 $3, % Index 19.% % CITY OF CALGARY Total Sales 1,991 1,71 1.5% 1,183 1, % Total Sales Volume $98,751,598 $8,381,51 11.% $5,773,71,18 $5,5,35,18 9.7% New Listings,988,83 1.1% 1,7 1,19.1% Inventory 5,13 5, % 5,333 5,87 9.% Months of Supply % % Sales to New Listings Ratio.3%.89% 1.7% 5.1% 51.5%.5% Sales to List Price Ratio 97.% 97.1%.% 97.8% 9.9%.5% Days on Market 15.7% 5 1.5% Benchmark Price $59,1 $,.1% $59,3 $,38 3.8% Median Price $35, $9, 1.38% $, $7,.3% Average Price $7,5 $8, % $73,91 $79,13 1.% Index 11.18% % For a list of definitions, see page. CREB Monthly Statistics City of Calgary

4 Summary Stats City of Calgary July 1 CITY OF CALGARY SEMIDETACHED Jul15 Jul1 Y/Y % Change 15 1 Y/Y % Change Total Sales % 1,15 1,5.% Total Sales Volume $97,85,33 $89,,3 8.5% $51,11,777 $51,33,9 8.1% Share of Sales with Condo Title 13.1% 17.8%.7% 1.91% 15.87%.9% New Listings 8 7.9%,8 1, % Inventory % % Months of Supply % % Sales to New Listings Ratio 7.73% 9.8% 1.35% 5.9% 5.81% 1.8% Sales to List Price Ratio 97.9% 97.3%.1% 97.8% 97.%.7% Days on Market 5 1.5%.7% Benchmark Price $397,7 $385, 3.1% $395,91 $385,73.57% Median Price $1, $38,1.1% $,5 $395,.83% Average Price $51,395 $95,.9% $58, $9,15 3.5% Index 7 3.1%.58% CITY OF CALGARY ROW Total Sales % 1,557 1, % Total Sales Volume $88,7,751 $5,5,511.7% $53,99,75 $,18,81 17.% Share of Sales with Condo Title 9.9% 9.% 3.5% 9.85% 9.15%.71% New Listings %,73,88 5.9% Inventory % % Months of Supply % % Sales to New Listings Ratio 5.38%.8%.53% 5.99% 5.7% 11.9% Sales to List Price Ratio 97.5% 9.9%.% 97.53% 97.11%.% Days on Market % % Benchmark Price $38, $31,3 5.5% $39,957 $31,8.% Median Price $33, $3,5 5.73% $3, $31,75 3.9% Average Price $38,3 $38,513 5.% $3,719 $33, % Index % 198.1% CITY OF CALGARY ATTACHED Total Sales %,3, % Total Sales Volume $18,918,183 $15,87,95 17.% $1,9,83,5 $95,71, % Share of sales with condo title 58.8% 58.8%.%.99% 59.5% 5.55% New Listings %,7,878.39% Inventory 1,137 1, 3.8% 1,13 1, % Months of Supply % % Sales to New Listings Ratio.% 5.8%.5% 55.9% 8.1% 7.9% Sales to List Price Ratio 97.7% 97.1%.% 97.8% 97.8%.% Days on Market 5 13.% % Benchmark Price $37, $33,8.7% $37,757 $33,9 3.7% Median Price $353, $3, 3.8% $39, $35, 1.15% Average Price $18,11 $8,18.39% $1,35 $3, % Index 19.% % For a list of definitions, see page. CREB Monthly Statistics City of Calgary 3

5 Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change July 1 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre % $5,8 3.5% 1.9% North East % 39.5 $388,3.9% 1.% North % $5,8 1.3%.11% North West 17 8.% $57,7 3.%.59% West % $9,7.7%.85% South % 53.7 $79, 3.%.17% South East % $5,5 5.5%.71% East % 7. $35, 3.%.7% TOTAL CITY 1,18 1,89 7.1%,77. $5,3 3.%.% Apartment City Centre % 7.3 $35,.15%.5% North East % $55,7 5.8%.7% North 13 5.% $,5 7.1% 1.8% North West % 19.5 $,1 5.5%.3% West % $5, 8.89%.9% South %.53 $,7.5% 1.5% South East % $7,.9%.8% East % 3. $7,3 5.1%.% TOTAL CITY % 1,55.1 $77,.58%.3% Semidetached City Centre % $9,.%.5% North East % $3,1 5.% 1.9% North % $3,.8%.% North West % 5.17 $31, 1.1% 1.1% West % $5,5 1.3%.% South % 3.33 $35, 3.33%.% South East 1.% $3,5 5.9% 1.% East 1 1.7% $7,1.99%.9% TOTAL CITY % 5.88 $385, 3.1%.1% Row City Centre % $,.5%.8% North East % $5, 3.97%.% North 3 5.% $75, 7.5%.33% North West 5.% 9. $317, 7.5%.% West % 1.7 $35,1 5.8%.% South 3 5.9% 17.3 $7,.%.1% South East % 115. $31,5.8%.1% East 15.% $15,7.1%.% TOTAL CITY % 88.5 $31,3 5.5%.1% *Total city figures can include activity from areas not yet represented by a community / district July 1 CREB Monthly Statistics City of Calgary

6 Price Comparisons July 1 BENCHMARK PRICE JULY 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 JULY % 1% % 3% % 5% % 7% 8% 9% 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) 1,13 1,13 1,39 1,5 1,71 1,33 1,85 1, 1,37 Lot Size 5,9,17,371 5,75 5,53 5,187,,7,85 Above Ground Bedrooms Year Built Full Bathrooms Half Bathrooms CREB Monthly Statistics City of Calgary 5

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

8 District Graphs TOTAL INVENTORY BY PRICE RANGE JULY 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE JULY July 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East 1 5 <$, $, $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 JULY 35 SHARE OF CITY WIDE SALES JULY 1% City Centre North East North North West West South South East East 1% 8% % % % % 18% 9% 17% 1% 1% 15% 1% 15% % 1% 13% 1% 13% 1% 9% 1% 11% 8% % 5% 1% 13% 15% 1% 18% 17% 9% 1% 3% 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 City of Calgary 7

9 City of Calgary Total Residential July 1 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 3/1/15 /1/15 5/1/15 /1/15 7/1/15 8/1/15 9/1/15 1/1/15 11/1/15 1/1/15 Sales 877 1,7 1,777 1,93,18,18 1,991 1, 1,9 1, 1, 879 New Listings 3,9,935 3,19 3, 3,18 3,11,988,7 3,95,91,181 1,91 Inventory,79 5,531 5,7 5,37 5,393 5,138 5,13 5,15 5,599 5,1 5,3,3 Days on Market Benchmark Price,,9 58,9 5,7 57,8 59,3 59,1 59,3 59,3 57, 5,8 5,8 Median Price,,, 18, 33, 3, 35,,5 5, 19, 1,575 8, Average Price,,39 73,8 9,57 78,85 83,7 7,5 5,1 58,55 57,591 1,33,7 Index /1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales 75 1,13 1,59 1,79 1,9,3 1,71 New Listings,7,97 3, 3,17 3,318 3,11,83 Inventory 5,3 5,83,1,51,179, 5,85 Days on Market Benchmark Price 7,8 5,,8 1, 39,7,, Median Price 7,5,,5 3, 33, 3, 9, Average Price 5,889 73,9 8, 7,83 9,35 85, 8,998 Index 3 Jul15 Jul CALGARY TOTAL SALES 7/1/15 7/1/1 7/1/15 7/1/1 >$1, $1, $199, $, $99, ,838 1,5 $3, $ 39, ,3 1,8 $35, $399, ,88 1,59 $, $9, ,8 1,87 $5, $99, ,39 1,15 $5, $59, ,1 9 $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 3 $3,5, $3,999,999 $,, + 1 1,991 1,71 1,183 1,97 CITY OF CALGARY TOTAL SALES BY PRICE RANGE,5, 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 8

10 CITY OF CALGARY TOTAL SALES JULY City of Calgary Total Residential July 1 CITY OF CALGARY TOTAL NEW LISTINGS JULY, 35, 18, 1, 1, 3, 5, 1, 1, 8,, 15,,,, 1, 5, Detached Apartment Semi Detached Row 1 Year Average Detached Apartment Semi Detached Row 1 Year Average CITY OF CALGARY TOTAL INVENTORY AND SALES 7,, 5,, 3,, 1, 5,, 55, 5, 5,, 35, 3, CITY OF CALGARY TOTAL MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 5, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 1% 1% 1% 8% % % % % % % % 8% 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 9

11 City of Calgary Detached July 1 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 3/1/15 /1/15 5/1/15 /1/15 7/1/15 8/1/15 9/1/15 1/1/15 11/1/15 1/1/15 Sales ,79 1,15 1,3 1,331 1, New Listings 1,83 1,71 1,77 1,77 1,875 1,83 1,731 1,3 1,78 1,1 1, Inventory,579,977 3,7 3,,93,789,75,833 3,9,91,8,13 Days on Market Benchmark Price 5,9 51, 519,5 517,1 518, 5, 5, 5, 5,5 518,8 515, 51,1 Median Price 8,5 7, 75, 79, 85, 93, 89, 8, 75, 7,5 5, 55, Average Price 55,188 5,33 55,575 55,3 51,937 55, 51,93 53,7 5, ,371 5,11 533,7 Index /1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales 93 1,5 1,137 1,15 1,8 1,18 New Listings 1,87 1,11 1,819 1,8 1,85 1,75 1,89 Inventory,537,953 3,93 3,138 3,,939,77 Days on Market Benchmark Price 58, 5, 5, 51,5 5,5 5, 5,3 Median Price 58,75 7,5 8, 83,5 89,9 89,75 8, Average Price 5,8 51, ,81 51,1 559,55 558,7 51,73 Index Jul15 Jul CALGARY TOTAL SALES 7/1/15 7/1/1 7/1/15 7/1/1 >$1, $1, $199,999 $, $99, $3, $ 39, $35, $399, ,3 99 $, $9, ,397 1,5 $5, $99, ,15 1,1 $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, $,999,999 9 $3,, $3,99,999 3 $3,5, $3,999,999 1 $,, + 1 1, 1,18 7,1,98 CITY OF CALGARY DETACHED SALES BY PRICE RANGE 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

12 CITY OF CALGARY DETACHED SALES 1, 1, 1, 8,,,, JULY City of Calgary Detached July 1 CITY OF CALGARY DETACHED NEW LISTINGS JULY 5,, 15, 1, 5, Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY 3,5 55, 3,,5, 1,5 1, 5, 515, 51, 55, 5, Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 95, 9, 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE 15% CITY OF CALGARY DETACHED PRICES, 1% 5% % 5% 57, 5, 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 11

13 City of Calgary Apartment July 1 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 3/1/15 /1/15 5/1/15 /1/15 7/1/15 8/1/15 9/1/15 1/1/15 11/1/15 1/1/15 Sales New Listings Inventory 1,197 1,338 1, 1,37 1,31 1,1 1,5 1,7 1,93 1,3 1,353 1,1 Days on Market Benchmark Price 31, 99,3 95,9 93,3 95, 95, 9,5 95,9 9, 9,3 91,1 88, Median Price 9, 7,5 71,5 7,75 8,5 75, 8,5, 5, 8, 7,5 87, Average Price 3, 37, 3,7 3,175 38, 3,51 311,31 95,7 9,71 318,1 99,858 35,1 Index /1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales New Listings Inventory 1,5 1,39 1,531 1,585 1,1 1,5 1,55 Days on Market Benchmark Price 83,8 83, 81,3 8, 78,5 78, 77, Median Price 51, 8, 7, 78,5 8, 7,5 9,95 Average Price 8,88 37,1 98,7 3,55 31,75 31,19 35,185 Index Jul15 Jul CALGARY TOTAL SALES 7/1/15 7/1/1 7/1/15 7/1/1 >$1, $1, $199, $, $99, , 779 $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799,999 1 $8, $899, $9, $999,999 1 $1,, $1,9,999 1 $1,5, $1,99,999 1 $1,5, $1,79,999 1 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 1 $3,, $3,99,999 $3,5, $3,999,999 3 $,, + 3 5,1 1,8 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE 1, 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599, $, $99,999 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

14 CITY OF CALGARY APARTMENT SALES 3,5 3,,5, 1,5 1, 5 JULY City of Calgary Apartment July 1 CITY OF CALGARY APARTMENT NEW LISTINGS JULY 7,, 5,, 3,, 1, Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES 1,8 3, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1 1, 1, 1, 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 95, 9, 85, 8, 75, 7, 5, 1 8 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% % 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 13

15 City of Calgary SemiDetached July 1 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 3/1/15 /1/15 5/1/15 /1/15 7/1/15 8/1/15 9/1/15 1/1/15 11/1/15 1/1/15 Sales New Listings Inventory Days on Market Benchmark Price 39,7 39,5 39,8 39, 39, 39,7 397,7 398,1 398,1 39, 39, 393,1 Median Price 38, 17,5 3,75 39,75 17,5 1,75 1, 19,579 3,5 39,5 378, 39,5 Average Price 83,77 53,7 51,35 99,75 513,979 5,993 51,395 93,85 51,515 7,3 81,18 9,17 Index /1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales New Listings Inventory Days on Market Benchmark Price 39, 38,9 385, 383, 383,1 385, 385, Median Price 377, 3,5 39, 1, 9, 391, 38,1 Average Price 78,79 9,83 5,81 9,71 5,19 9,19 95, Index Jul15 Jul CALGARY TOTAL SALES 7/1/15 7/1/1 7/1/15 7/1/1 >$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, $1,999,999 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, ,15 1,5 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599, $, $99,999 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

16 CITY OF CALGARY SEMIDET. SALES 1, 1, 1, 1, 8 JULY City of Calgary SemiDetached July 1 CITY OF CALGARY SEMIDET. NEW LISTINGS JULY,5, 1,5 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 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun., 395, 39, 385, 38, 375, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% % 3% % 1% % 1% % 3% 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 15

17 City of Calgary Row July 1 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 3/1/15 /1/15 5/1/15 /1/15 7/1/15 8/1/15 9/1/15 1/1/15 11/1/15 1/1/15 Sales New Listings Inventory Days on Market Benchmark Price 33,5 33, 331,1 39,5 39,7 33,1 38, 38,7 39,8 38,7 37,3 35, Median Price 3, 315, 35, 3, 33, 3, 33, 33, 317,5 31, 319,9 313, Average Price 3,87 33,111 33,75 338,7 337,81 39,59 38,3 3,37 38,9 33,95 331,7 3,7 Index /1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales New Listings Inventory Days on Market Benchmark Price 33,8 31, 318,5 31,8 313, 31,8 31,3 Median Price 315, 315, 39, 31, 31,5 31, 3,5 Average Price 3,7 3,3 37,9 35,97 37,73 38,38 38,513 Index Jul15 Jul CALGARY TOTAL SALES 7/1/15 7/1/1 7/1/15 7/1/1 >$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,, $1,9,999 1 $1,5, $1,99,999 1 $1,5, $1,79,999 $1,75, $1,999,999 1 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, ,557 1,317 CITY OF CALGARY ROW SALES BY PRICE RANGE 1, <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

18 CITY OF CALGARY ROW SALES,5, 1,5 1, 5 JULY City of Calgary JULY, 3,5 3,,5, 1,5 1, 5 Row July 1 CITY OF CALGARY ROW NEW LISTINGS Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 335, CITY OF CALGARY ROW MONTHS OF INVENTORY 8 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 33, 35, 3, 315, 31, 35, 3, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 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 17

19 City of Calgary July 1 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES, 3,5 3,,5, 1,5 1, CITY CENTRE TOTAL SALES BY PRICE RANGE JULY JULY Detached Apartment Semi Detached 15 1 Row 1 Year Average CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY, 1,8 1, 1, 1, 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 535, 53, 55, 5, 515, 51, 55, 5, 95, 9, 85, Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE 3% 5% % 15% 1% 5% % 5% 1% 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 18

20 City of Calgary NORTHEAST NORTHEAST TOTAL SALES 3,,5, 1,5 1, NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES Detached Apartment Semi Detached JULY 15 1 Row 1 Year Average NORTHEAST TOTAL SALES BY PRICE RANGE July 1 JULY NORTHEAST INVENTORY AND SALES 7 38, NORTHEAST MONTHS OF INVENTORY , 37, 35, 3, 355, Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 35, Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE 3% 5% % 15% 1% 5% % 5% 1% 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 19

21 City of Calgary NORTH NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES JULY,5 8 NORTH TOTAL SALES BY PRICE RANGE July 1 JULY, 1,5 1, Detached Apartment Semi Detached 15 1 Row 1 Year Average NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY 7, , 1, 5,, 395, Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 39, Months of Supply Trended 1month moving average NORTH PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 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

22 City of Calgary NORTHWEST NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES JULY 3, 7 NORTHWEST TOTAL SALES BY PRICE RANGE July 1 JULY,5, 1,5 1, Detached Apartment Semi Detached 15 1 Row 1 Year Average NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 55, 5, 95, 9, 85, 8, 75, 7, 5, Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 15% 1% 5% % 5% 1% 15% 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 1

23 City of Calgary WEST WEST TOTAL SALES, 1,8 1, 1, 1, 1, WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES Detached Apartment Semi Detached JULY 15 1 Row 1 Year Average WEST TOTAL SALES BY PRICE RANGE July 1 JULY WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 57, 55, 5, 555, 55, 55, 5, 535, 53, 55, 5, Months of Supply Trended 1month moving average WEST PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 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

24 City of Calgary SOUTH SOUTH TOTAL SALES, 3,5 3,,5, 1,5 1, SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES Detached Apartment Semi Detached JULY 15 1 Row 1 Year Average SOUTH TOTAL SALES BY PRICE RANGE July 1 JULY SOUTH INVENTORY AND SALES 1, 1, 8, 35, 3, 5,, 15, 1, SOUTH MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 5, Months of Supply Trended 1month moving average SOUTH PRICE CHANGE % 15% 1% 5% % 5% 1% 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 3

25 City of Calgary SOUTHEAST SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES SOUTHEAST TOTAL SALES JULY,5 8 SOUTHEAST TOTAL SALES BY PRICE RANGE July 1 JULY, 1,5 1, Detached Apartment Semi Detached 15 1 Row 1 Year Average SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun., 55, 5, 5,, 35, 3, 5,, 15, 1, Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE 3% 5% % 15% 1% 5% % 5% 1% 15% 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

26 City of Calgary EAST EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES EAST TOTAL SALES JULY 1, 5 EAST TOTAL SALES BY PRICE RANGE July 1 JULY 1, Detached Apartment Semi Detached 15 1 Row 1 Year Average EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 335, 33, 35, 3, 315, 31, 35, Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 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 5

27 CREB Definitions July 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 City of Calgary