SHARE OF SALES October Airdrie. Cochrane. Okotoks. MONTHLY STATISTICS PACKAGE CREB Region Report. Oct. 18 REGIONAL HIGHLIGHTS 2% 1% 3% Calgary

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1 October 18

2 MONTHLY STATISTICS PACKAGE CREB Region Report REGIONAL HIGHLIGHTS November 1, 18 Airdrie Airdrie s housing market continues to experience declining sales and increasing inventory compared to last year. Elevated supply levels have led to downward pressures on the benchmark prices for detached homes. Total yeartodate residential sales have reached 1,3 units, 11 percent below levels last year. Yeartodate, new listings have remained relatively stable, but remain well above longterm averages. Yeartodate average inventory levels are 19 per cent higher than. As a result, months of supply have been elevated, and presently stand at six months. This has translated to sustained pressure on benchmark price, with the yeartodate value of detached homes now sitting at $37,88, which is a yearoveryear decline of nearly two percent. Cochrane SHARE OF SALES October 18 Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Wheatland Region Other Active Areas % % % 1% 3% 6% 78% Yeartodate, residential sales have declined by 1 per cent, with 3 sales so far in 18. These levels are comparable to similar periods in the past few years and higher than longterm averages. At 1,164 units, new listings have reached a historical peak for this period and well above longterm averages. Inventory levels in Cochrane for 18 have been persistently elevated and are almost 17 per cent higher than the same period last year. This has started to place some downward pressure on prices. However, yeartodate detached benchmark prices have remained relatively stable compared to last year with a benchmark price of $44,9. Okotoks Yeartodate residential sales have declined to 48 units in 18, comparable to levels from 11 and well below longterm averages. New listings are elevated at 936 units, which is eight per cent higher than last year s levels and close to longterm averages. Inventory levels in October remain elevated with 3 units. Despite gains in the amount of supply compared to sales, Okotoks detached prices have seen some modest gains. Yeartodate benchmark prices for detached properties totaled $436,66, 1. per cent higher than last year. CREB Calgary Regional Housing Market Statistics

3 CREB Region Summary October 18 Sales New Listings Sales to New Months of Inventory Listings Ratio Supply Benchmark Price Average Price Median Price City of Calgary 1,3, % 7, ,3 468,634 41, 78% Airdrie % ,4 373,37 38, % Rocky View Region % 1, ,4 61,48 48,7 6% Foothills Region % ,4 499,74 37, % Mountain View Region % ,1 37,3 339, % Kneehill Region % ,7 7, % Wheatland Region % 3 11.,3 343,43 9, 1% Willow Creek Region % ,97 1, 1% Vulcan Region 4 8.% , 198, % Bighorn Region % , , 1% CREB Economic Region 1,7 3,196 3.% 1, , 469,91 4, 1% CREB SALES BY PRICE RANGE CREB INVENTORY BY PRICE RANGE,4,1 1,8 1, 1, Share of Sales Activity Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Kneehill Region Wheatland Region Willow Creek Region Vulcan Region Bighorn Region Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Kneehill Region Wheatland Region Willow Creek Region Vulcan Region Bighorn Region CREB TOTAL SALES: YEARTODATE 3, 3,,, 1, 1,, CREB TOTAL NEW LISTINGS: YEARTODATE 6,, 4, 3,, 1, Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Kneehill Region Wheatland Region Willow Creek Region Vulcan Region Bighorn Region Calgary Airdrie Rocky View Region Foothills Region Mountain View Region Kneehill Region Wheatland Region Willow Creek Region Vulcan Region Bighorn Region 18 CREB Calgary Regional Housing Market Statistics 3

4 CREB Region CREB ECONOMIC REGION TOTAL SALES 3, 3,,, 1, 1,, CREB ECONOMIC REGION TOTAL SALES BY PRICE RANGE 6,, 4, 3,, 1, Detached Apartment Semi Detached Row 1 Year Average CREB ECONOMIC REGION INVENTORY AND SALES CREB ECONOMIC REGION MONTHS OF INVENTORY 14, 1, 1, 8, 6, 4,, Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 44, 43, 43, 4, 4, 41, 41, Months of Supply Trended 1 month moving average CREB ECONOMIC REGION PRICE CHANGE 1% 1% % % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change CREB ECONOMIC REGION PRICES,, 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 4

5 CREB Region DETACHED BENCHMARK PRICE 1,, 9, 8, 7, 6,, 4, 3,, 1, Calgary Airdrie Rural Chester Cochrane Rural Rocky View mere Foothills High River Okotoks Turner Valley Rural Mtn. View Carstairs Didsbury Rural Strathmore Wheatland YEAR OVER YEAR PRICE GROWTH COMPARISONS 6% 4% % % % 4% 6% Calgary Airdrie Rural Chester Rocky View mere Cochrane Rural Foothills High River Okotoks Turner Valley Rural Mtn. View Carstairs Didsbury Rural Strathmore Wheatland TYPICAL HOME ATTRIBUTES DETACHED HOMES Gross Living Area (Above Ground) Lot Size Above Ground Bedrooms Year Built Full Bathrooms Half Bathrooms City of Calgary 1,341 4, Airdrie 1,39 4, Rural Rocky View 1,837 3, Cochrane 1,494, Chestermere 1,871, Rural Foothills 1,73 Unavailable High River 1,31, Okotoks 1,491 4, Turner Valley 1,1 6, Rural Mountain View 1,31, Carstairs 1,98 6, Didsbury 1,38 6, Rural Wheatland 1,98 6, Strathmore 1,6,6 3 CREB Calgary Regional Housing Market Statistics

6 Calgary CMA October 18 Sales New Listings Sales to New Months of Inventory Listings Ratio Supply Benchmark Price Average Price Median Price Share of Sales Activity City of Calgary 1,3, % 7, ,3 468,634 41, 87% Airdrie % ,4 373,37 38, 6% Rocky View Region % 1, ,4 61,48 48,7 7% Calgary CMA 1,,86 3.1% 8, ,7 473,397 49,9 1% CALGARY CMA SALES BY PRICE RANGE CALGARY CMA INVENTORY BY PRICE RANGE 4, 4 1,8 3 1,6 3 1,4 1, 1, Calgary Airdrie Rocky View Region Calgary Airdrie Rocky View Region CALGARY CMA SALES: YEARTODATE 3,,, 1, 1,, CALGARY CMA NEW LISTINGS: YEARTODATE, 4, 4, 3, 3,,, 1, 1,, Calgary Airdrie Rocky View Region Calgary Airdrie Rocky View Region CREB Calgary Regional Housing Market Statistics 6

7 Calgary CMA CALGARY CMA TOTAL SALES 3, CALGARY CMA TOTAL SALES BY PRICE RANGE 6,,,, 4, 1, 3, 1,,, 1, Detached Apartment Semi Detached Row 1 Year Average CALGARY CMA INVENTORY AND SALES CALGARY CMA MONTHS OF INVENTORY 1, 1, 8, 6, 4,, Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 44, 44, 43, 43, 4, 4, 41, Months of Supply Trended 1 month moving average CALGARY CMA PRICE CHANGE 1% 1% % % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change CALGARY CMA PRICES,, 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 7

8 Airdrie AIRDRIE TOTAL SALES 1,6 1,4 1, 1, Detached Apartment Semi Detached Row 1 Year Average AIRDRIE TOTAL SALES BY PRICE RANGE AIRDRIE INVENTORY AND SALES AIRDRIE MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 3, 3, 348, 346, 344, 34, 34, 338, 336, 334, Months of Supply Trended 1 month moving average AIRDRIE PRICE CHANGE % % 1% 1% % % % 1% 1% % Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change AIRDRIE PRICES 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 8

9 Rocky View Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Rocky View Region % 1, ,4 61,48 48,7 1% Rural Rocky View % ,8 1,9,613 96, 1% Beiseker 1.% 1. 3,7 3,7 % Bragg Creek 1.% , 497, % Chestermere % ,8 67,171, 17% Cochrane % , 47,8 38, 48% Crossfield.73% ,98 3, % Irricana % , 3, 3% Langdon 1.% ,7 88,7 % Redwood Meadows % ,, 1% Other 3.% 1 % SALES BY PRICE RANGE 3 INVENTORY BY PRICE RANGE Rural Rocky View Cochrane Chestermere Beiseker Bragg Creek Crossfield Irricana Langdon Redwood Meadows Rural Rocky View Cochrane Chestermere Beiseker Bragg Creek Crossfield Irricana Langdon Redwood Meadows ROCKY VIEW SALES: YEARTODATE, 1,8 1,6 1,4 1, 1, Rural Rocky View Cochrane Chestermere Beiseker Bragg Creek Crossfield Irricana Langdon Redwood Meadows ROCKY VIEW NEW LISTINGS: YEARTODATE 3, 3,,, 1, 1, Rural Rocky View Cochrane Chestermere Beiseker Bragg Creek Crossfield Irricana Langdon Redwood Meadows CREB Calgary Regional Housing Market Statistics 9

10 Cochrane COCHRANE TOTAL SALES 8 COCHRANE TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average COCHRANE INVENTORY AND SALES COCHRANE MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 44, 43, 43, 4, 4, 41, 41, 4, 4, 39, 39, Months of Supply Trended 1 month moving average COCHRANE PRICE CHANGE % 1% 1% % % % 1% 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change COCHRANE PRICES, 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 1

11 Chestermere CHESTERMERE TOTAL SALES CHESTERMERE TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average CHESTERMERE INVENTORY AND SALES CHESTERMERE MONTHS OF INVENTORY 1 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price, 49, 49, 48, 48, 47, 47, 46, 46, 4, Months of Supply Trended 1 month moving average CHESTERMERE PRICE CHANGE % 1% 1% % % % 1% 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change CHESTERMERE PRICES,, 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 11

12 Rural Rocky View RURAL ROCKY VIEW TOTAL SALES RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average RURAL ROCKY VIEW INVENTORY AND SALES RURAL ROCKY VIEW MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 96, 94, 9, 9, 88, 86, 84, Months of Supply Trended 1 month moving average RURAL ROCKY VIEW PRICE CHANGE % 1% 1% % % % 1% 1% % Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change RURAL ROCKY VIEW PRICES 1,3, 1,1, 9, 7,, 3, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 1

13 Foothills Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Foothills Region % ,4 499,74 37, 1% Rural Foothills % , 1,66,73 93, 17% Black Diamond % ,87 349, % Blackie 1.% 1 % Cayley 4 % De Winton 1 % Heritate Pointe % , 997, 3% High River % , 74,99 89, % Okotoks % ,8 48,83 37, 1% Turner Valley 4.% ,8 364, 364, 3% Priddis Greens 1 % Longview % Other % SALES BY PRICE RANGE INVENTORY BY PRICE RANGE Okotoks High River Rural Foothills Heritage Pointe Black Diamond Blackie Cayley Longview Turner Valley De Winton Priddis Greens Other Okotoks High River Rural Foothills Heritage Pointe Black Diamond Blackie Cayley Longview Turner Valley De Winton Priddis Greens Other FOOTHILLS SALES: YEARTODATE 1,4 FOOTHILLS NEW LISTINGS: YEARTODATE 3, 1,, 1,, 8 6 1, 4 1, Okotoks High River Rural Foothills Heritage Pointe Black Diamond Blackie Cayley Longview Turner Valley De Winton Priddis Greens Okotoks High River Rural Foothills Heritage Pointe Black Diamond Blackie Cayley Longview Turner Valley De Winton Priddis Greens CREB Calgary Regional Housing Market Statistics 13

14 Okotoks OKOTOKS TOTAL SALES 8 OKOTOKS TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average OKOTOKS INVENTORY AND SALES OKOTOKS MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 44, 43, 43, 4, 4, 41, 41, 4, 4, 39, Months of Supply Trended 1 month moving average OKOTOKS PRICE CHANGE 1% 1% % % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change OKOTOKS PRICES, 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 14

15 Rural Foothills RURAL FOOTHILLS TOTAL SALES 1 1 RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average RURAL FOOTHILLS INVENTORY AND SALES RURAL FOOTHILLS MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 49, 48, 47, 46, 4, 44, 43, 4, 41, Months of Supply Trended 1 month moving average RURAL FOOTHILLS PRICE CHANGE 1% 1% % % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change RURAL FOOTHILLS PRICES,, 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 1

16 Wheatland Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Wheatland Region* % 3 11.,3 343,43 9, 1% Rural Wheatland* % 36 1.,3 6,833 6, 14% Carseland* % Lyalta* 1.% , 47, % Rockyford*.% 6 % Strathmore % ,8 97,46 7, 81% Gleichen 3 % Other* 1.% 19 % *Data within these areas many not accurately reflect total resale activity and trends SALES BY PRICE RANGE 8 INVENTORY BY PRICE RANGE Strathmore Rural Wheatland Carseland Strathmore Rural Wheatland Carseland Lyalta Rockyford Other Lyalta Rockyford Other WHEATLAND SALES: YEARTODATE Strathmore Rural Wheatland Carseland WHEATLAND NEW LISTINGS: YEARTODATE 1, Strathmore Rural Wheatland Carseland Lyalta Rockyford Lyalta Rockyford CREB Calgary Regional Housing Market Statistics 16

17 Strathmore STRATHMORE TOTAL SALES 6 STRATHMORE TOTAL SALES BY PRICE RANGE Detached Apartment Semi Detached Row 1 Year Average STRATHMORE INVENTORY AND SALES STRATHMORE MONTHS OF INVENTORY Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. '17 '17 '17 '17 '17 '18 '18 '18 '18 '18 '18 '18 '18 '18 '18 Inventory Sales Benchmark Price 41, 4, 4, 39, 39, 38, 38, 37, Months of Supply Trended 1 month moving average STRATHMORE PRICE CHANGE 1% 1% % % % 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change STRATHMORE PRICES 4, 4, 3, 3,,, 1, 1, Detached Price Apartment Price Row Price Semi Price CREB Calgary Regional Housing Market Statistics 17

18 Mountain View Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Mountain View Region* % ,1 37,3 339, 1% Rural Mountain View* % ,9 63,333 64, 16% Carstairs % ,6 31,6 37, 4% Cremona 3.% 8 % Didsbury % ,9 1, 1, 14% Olds* % ,1 31,38 99, 3% Sundre* % ,7 7, , 8% Other* 1.% , 7, % *Data within these areas many not accurately reflect total resale activity and trends SALES BY PRICE RANGE 1 INVENTORY BY PRICE RANGE Rural Mountain View Didsbury Olds Rural Mountain View Didsbury Olds Sundre Carstairs Cremona Sundre Carstairs Cremona Other Other MOUNTAIN VIEW SALES: YEARTODATE 6 MOUNTAIN VIEW NEW LISTINGS: YEARTODATE 1, 1, Rural Mountain View Didsbury Olds Sundre Carstairs Cremona Rural Mountain View Didsbury Olds Sundre Carstairs Cremona CREB Calgary Regional Housing Market Statistics 18

19 Kneehill Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Kneehill Region* % ,7 7, 1% Rural Kneehill* % , 43, 13% Acme* % , 174, 13% Linden* 1.%. 1, 1, % Three Hills* 3 1.% , 46, 38% Torrington* % Trochu* 1.% , 19, 13% Other*.% 7 % *Data within these areas many not accurately reflect total resale activity and trends SALES BY PRICE RANGE INVENTORY BY PRICE RANGE Rural Kneehill Three Hills Acme Rural Kneehill Three Hills Acme Linden Trochu Other Linden Trochu Other KNEEHILL SALES: YEARTODATE KNEEHILL NEW LISTINGS: YEARTODATE Rural Kneehill Three Hills Acme Rural Kneehill Three Hills Acme Linden Trochu Linden Trochu CREB Calgary Regional Housing Market Statistics 19

20 Willow Creek Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Willow Creek Region* % ,97 1, 1% Rural Willow Creek* 4.% 1 % Claresholm* % ,7 7, 7% Nanton* 1 4.% ,9 6, 67% Stavely* , 94, 7% Other* 1.% 3 % *Data within these areas many not accurately reflect total resale activity and trends SALES BY PRICE RANGE INVENTORY BY PRICE RANGE Rural Willow Creek Claresholm Nanton Stavely Other Rural Willow Creek Claresholm Nanton Stavely Other WILLOW CREEK SALES: YEARTODATE WILLOW CREEK NEW LISTINGS: YEARTODATE Rural Willow Creek Claresholm Nanton Stavely Rural Willow Creek Claresholm Nanton Stavely CREB Calgary Regional Housing Market Statistics

21 Vulcan Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Vulcan Region* 4 8.% , 198, 1% Rural Vulcan* , 37, % Vulcan* % , 147, % Carmangay* % Champion* % , 17, % Other* 1.% 9 % *Data within these areas many not accurately reflect total resale activity and trends SALES BY PRICE RANGE 3 INVENTORY BY PRICE RANGE Rural Vulcan Vulcan Carmangay Rural Vulcan Vulcan Carmangay Champion Other Champion Other VULCAN SALES: YEARTODATE 9 VULCAN NEW LISTINGS: YEARTODATE Rural Vulcan Vulcan Carmangay Champion Rural Vulcan Vulcan Carmangay Champion CREB Calgary Regional Housing Market Statistics 1

22 Bighorn Region Share of New Sales to New Months of Benchmark Average Median Sales Inventory Sales Listings Listings Ratio Supply Price Price Price October 18 Activity Total Bighorn Region* % , , 1% Rural Bighorn* 1.% ,3, 1,3, 6% Canmore* % ,41 7, 8% Other* 1.% ,7 9,7 1% *Data within these areas many not accurately reflect total resale activity and trends SALES BY PRICE RANGE 7 INVENTORY BY PRICE RANGE Canmore Other Rural Bighorn Canmore Other Rural Bighorn BIGHORN SALES: YEARTODATE BIGHORN NEW LISTINGS: YEARTODATE 1, Canmore Rural Bighorn Canmore Rural Bighorn CREB Calgary Regional Housing Market Statistics

23 CREB Definitions BIGHORN* Rural Bighorn M.D. Benchlands** Canmore* Exshaw** Ghost Lake** Harvie Heights** Lac des Arcs** Seebe** FOOTHILLS Rural Foothills M.D. Aldersyde** Black Diamond Blackie Cayley De Winton Heritage Pointe High River Longview** Millarville** Okotoks Priddis** Priddis Greens Turner Valley KNEEHILL* Rural Kneehill County Acme Carbon** Huxley** Linden Swalwell** Three Hills Torrington** Trochu MOUNTAIN VIEW* Rural Mountain View County Bearberry** Bergen** Carstairs Cremona Didsbury Eagle Hill** Elkton** Olds* Sundre* Water Valley** Westward Ho** ROCKY VIEW Rural Rocky View County Balzac** Beiseker Bottrel** Bragg Creek Chestermere Cochrane Cochrane Lake** Conrich** Crossfield Dalemead** Dalroy** Delacour** Indus** Irricana Janet** Kathyrn** Keoma** Langdon Madden** Redwood Meadows VULCAN* Rural Vulcan County* Arrowwood** Brand** Carmangay* Champion* Ensign** Herronton** Kirkcaldy** Lomond** Milo** Mossleigh** Queenstown** Shouldice** Travers** WHEATLAND* Rural Wheatland County* Ardenode** Carseland* Chancellow** Cheadle** Cluny** Dalum** Gleichen** Hussar** Lyalta* Namaka** Rockyford* Rosebud** WILLOW CREEK* Rural Willow Creek County* Claresholm* Fort Macleod** Granum** Nanton* Parkland** CREB REPORTING REGIONS * Data within these areas may not accurately reflect total resale activity and trends. CREB resale data only includes activity occurring within our membership. For the identified areas, the data could be missing a signification portion of transactions as not all active Realtors in the area are a member of the CREB board. ** Resale activity in these areas does not meet the minimum reporting standard. 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 amounts of sales occurring in the market relative to the amount of active listings / Inventory. Months of Supply refers to the ratio between inventory and sales and represents at the current pace of sales how long it would take to sell existing inventory and the current rate of sales. Detached A unit that is not attached to any other unit. Semidetached A single dwelling built as one of a pair that shares 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 Highrise and lowrise condominium properties 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. Rural Data represents activity occurring within the broader region but not in any specific town/hamlet/village within the region. ABOUT CREB CREB is a professional body of more than,1 licensed brokers and registered associates, representing 4 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 Calgary Regional Housing Market Statistics 3