October
Status Quo for Calgary's Housing Market Prices remain similar to last year, but ease in October., November 1, 17 October s housing market conditions closely echoed previous month s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year. October sales and inventories totaled 1,7 and,3 units for a month of supply of.. Several months of elevated supply in comparison to demand has weighed on pricing over the past several months. The citywide unadjusted benchmark price in October totaled $38,9,. per cent below last month, but comparable to last year. While economic activity has improved in 17, it will take some time for this to translate into housing market growth. There have been employment gains, but most of this has occurred in areas with traditionally lower income, said CREB chief economist AnnMarie Lurie. We also continue to face weak migration, higher lending rates and changes to lending policy. The combination of these factors is impacting housing demand, which is prolonging the pace of recovery. Resale inventory gains occurred in each product type and across most districts in the city. The largest gains were in districts with substantial new development growth. In the detached segment, the largest number of units added to inventory occurred in the $3, $5, price range. This represents nearly per cent of all detached inventory. per cent of the inventory in the citywide market is priced below $5,. There is far more product availability in the lower price ranges now compared to several years ago, said CREB president David P. Brown. This provides more options for potential buyers concerned about their purchasing power given all the changes in the lending market. The largest monthly price change occurred in the apartment condominium sector which recorded an unadjusted monthly decline of.8 per cent, resulting in a 13 per cent spread over monthly highs recorded in 1. Despite some recent adjustments, prices in the attached and detached segments remain relatively stable compared to last year. MONTHLY STATISTICS PACKAGE HOUSING MARKET FACTS Slower detached sales in October was not enough to derail earlier gains, as yeartodate sales improved in almost all districts in the city. On average, detached prices this year have improved in most districts of the city. The largest gains were in the west district, pushing prices to levels comparable with previous highs. Apartment condominium product continues to see more supply than demand with October monthsofsupply figures remaining just above seven months. Most of the inventory is located within the city center, but there has been gains in most districts causing excess supply in all areas of the city. The semidetached segment of the market continues to see the best annual price improvement. As of October, prices totaled $19,, which.1 per cent below last month and three per cent above last year s levels. This is partially due to the improved demand for this type of product. While yeartodate sales have improved, this is the only sector that has seen sales rise above longerterm averages. *See district map on last page. MONTHS OF SUPPLY AND PRICE CHANGES 1 1 8 APARTMENT 3 5 7 8 9 1 11 1 13 1 15 1 17 8% 7% % 5% % 3% % 1% % 1% % 3% Months of Supply 1 month trend Y/Y Benchmark Price Change CREB Monthly Statistics
Summary Stats DETACHED Oct1 Oct17 Y/Y % Change 1 17 Y/Y % Change Total Sales 1,31 98 11.93% 9,81 1,35.91% Total Sales Volume $55,788,997 $95,,31 9.9% $5,38,389,15 $5,81,77,19 7.9% New Listings 1,3 1,8 11.1% 1,33 17,95 5.88% Inventory,57 3,.11%,857,8 1.33% Months of Supply.5 3.57 3.19%.9.73 5.9% Sales to New Listings Ratio 77.75% 1.35% 1.%.37% 59.81%.5% Sales to List Price Ratio 9.93% 97.8%.35% 97.5% 97.58%.53% Days on Market.7% 37 11.9% Benchmark Price $53,1 $5,.% $5,9 $55,8.% Median Price $, $73,5 1.99% $78, $95, 3.5% Average Price $59,378 $55,1.99% $55,8 $51,99.91% Index 8.3% 7.% APARTMENT Total Sales 5 33.8%,385,7 3.8% Total Sales Volume $7,98,885 $7,88,751 5.9% $73,7,13 $731,878,73.% New Listings 58 51 1.38%,,57.18% Inventory 1,5 1,39.9% 1,53 1,5 8.55% Months of Supply.17 7.3 1.5%.39.8.5% Sales to New Listings Ratio 9.1%.51%.71% 38.18% 38.5%.13% Sales to List Price Ratio 9.31% 95.7%.1% 9.% 9.%.3% Days on Market 5 7 3.8% 5 58 3.57% Benchmark Price $7, $1, 3.5% $75,71 $,57.% Median Price $5, $57,5 3.% $7, $, 3.7% Average Price $88,39 $91,111.9% $38,79 $95,589.5% Index 187 181 3.% 191 183.3% ATTACHED Total Sales 3 3 1.93% 3,39 3,8 7.% Total Sales Volume $11,783, $135,83,35.58% $1,359,78,1 $1,93,79,17 9.8% New Listings 57 3 18.%,71 7,1.9% Inventory 1,315 1,578.% 1,13 1,.5% Months of Supply 3.59.8 3.7%.1 3.85 7.38% Sales to New Listings Ratio 9.5% 5.33% 17.1% 5.% 51.81% 1.1% Sales to List Price Ratio 97.18% 97.31%.1% 97.11% 97.35%.3% Days on Market 9 53 7.3% 9 8.% Benchmark Price $39,9 $33, 1.% $333,8 $33,9.3% Median Price $33,75 $333,7.91% $3, $3,5.% Average Price $387,38 $1,979 7.1% $, $9,87.% Index 195 198 1.% 197 197.3% CITY OF CALGARY Total Sales 1,7 1,7 1.93% 15, 1,9 5.9% Total Sales Volume $759,71,3 $98,17,38 8.1% $7,78,1,98 $8,35,731,59 7.5% New Listings,31, 1.9% 9,9 3,83 5.9% Inventory 5,31,3 19.% 5,79 5,879 1.7% Months of Supply 3.3.1 33.% 3.7 3.57 3.% Sales to New Listings Ratio 9.7% 5.3% 13.% 53.% 53.%.% Sales to List Price Ratio 9.9% 97.13%.1% 97.% 97.3%.3% Days on Market 5 9.11% 5 3.% Benchmark Price $37,5 $38,9.3% $39, $38,38.3% Median Price $1, $15, 1.% $5, $35,.35% Average Price $1,5 $75,918 3.18% $78,1 $87,931.% Index.3%.% For a list of definitions, see page. CREB Monthly Statistics
Summary Stats CITY OF CALGARY SEMIDETACHED Oct1 Oct17 Y/Y % Change 1 17 Y/Y % Change Total Sales 1 13 13.8% 1,513 1, 5.88% Total Sales Volume $77,933, $7,5,99 9.3% $735,59,5 $798,1,71 8.9% Share of Sales with Condo Title 1.5%.98% 8.33% 15.95% 1.7%.79% New Listings 3 9 11.%,71,87 3.1% Inventory 78 11 7.8% 53 5 1.9% Months of Supply.88.7 8.38% 3.5 3. 7.1% Sales to New Listings Ratio 7.% 57.3% 17.1% 55.% 57.7% 1.7% Sales to List Price Ratio 97.3% 97.5%.1% 97.1% 97.51%.37% Days on Market 1 5 7.17% 5 5.% Benchmark Price $, $19, 3.5% $,3 $1,8.19% Median Price $375, $39,.% $39,5 $,95 3.17% Average Price $9,7 $9,18 5.% $8,1 $98,153.7% Index 1 3.5% 11.19% CITY OF CALGARY ROW Total Sales 183 8.5% 1,883, 8.% Total Sales Volume $3,85,3 $,17,315 1.% $,1,97 $95,37,393 11.35% Share of Sales with Condo Title 9.5% 93.% 1.% 93.8% 9.81%.99% New Listings 3 37 3.3% 3,991,3.9% Inventory 837 97 15.53% 883 88.37% Months of Supply.19 5.8.%.9.33 7.% Sales to New Listings Ratio 5.79% 8.93% 1.8% 7.18% 8.3% 1.1% Sales to List Price Ratio 9.97% 97.1%.13% 97.8% 97.1%.8% Days on Market 5 5.7% 5 51 1.9% Benchmark Price $33,5 $35,.9% $39,79 $99, 3.1% Median Price $3, $31,.% $31, $31,.% Average Price $319,5 $353,1 1.% $331,98 $339,75.8% Index 19 191.7% 19 187 3.% CITY OF CALGARY ATTACHED Total Sales 3 3 1.93% 3,39 3,8 7.% Total Sales Volume $11,783, $135,83,35.58% $1,359,78,1 $1,93,79,17 9.8% Share of Sales with Condo Title 57.38% 1.% 7.% 59.5%.5%.3% New Listings 57 3 18.%,71 7,1.9% Inventory 1,315 1,578.% 1,13 1,.5% Months of Supply 3.59.8 3.7%.1 3.85 7.38% Sales to New Listings Ratio 9.5% 5.33% 17.1% 5.% 51.81% 1.1% Sales to List Price Ratio 97.18% 97.31%.1% 97.11% 97.35%.3% Days on Market 9 53 7.3% 9 8.% Benchmark Price $39,9 $33, 1.% $333,8 $33,9.3% Median Price $33,75 $333,7.91% $3, $3,5.% Average Price $387,38 $1,979 7.1% $, $9,87.% Index 195 198 1.% 197 197.3% For a list of definitions, see page. CREB Monthly Statistics 3
Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change October 17 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 89 1 5.9% 3.9 $88, 1.7%.89% North East 11 185 59.%. $38,.83%.18% North 13 9 5.77% 51 3.95 $37,1.3%.8% North West 135 1.9% 35.7 $57,.8%.5% West 91 15.7% 35 3.79 $737,1.99%.1% South 18 97.3% 7 3. $77,.19% 1.% South East 17 1 3.18% 7 3.3 $5, 1.8%.35% East 7 85.11% 9.5 $35,5.89%.95% TOTAL CITY 98 1,8 1.35% 3, 3.57 $5,.%.53% Apartment City Centre 117 7 3.1% 838 7.1 $87, 3.3%.7% North East 5.83% 85 17. $31,.%.% North 7 3 3.33% 9 1.8 $,8.%.9% North West 1 1 51.% 19.1 $,7 1.53%.89% West 35.8% 155 7.5 $5, 3.81% 1.5% South 33 55.% 18 5. $3,.3% 1.7% South East 33.7% 111 5.5 $9,5.1% 1.3% East 1.% 5 7.5 $193,.31%.77% TOTAL CITY 33 51.51% 1,39 7.3 $1, 3.5%.8% Semidetached City Centre 8.51% 33 5.83 $7,5 5.9%.9% North East 31.5% 7 3.7 $31,9.7%.95% North 1 19 5.3% 1.1 $3,.9%.7% North West 1 8 75.%.95 $39,.98%.77% West 11 5.% 5 5.91 $51, 5.85%.% South 1 37 5.7% 73 3.8 $3,9.%.87% South East 13 1 9.8% 3. $31,5.%.19% East 7 9 77.78% 31.3 $99,1.%.7% TOTAL CITY 13 9 57.3% 11.7 $19, 3.5%.1% Row City Centre 3 83 38.55% 19. $78,7 5.58%.1% North East 15 35.71% 15 8.33 $8,3.%.5% North 7 5.% 11.15 $,7.7%.5% North West 7 58.7% 118.37 $38,.1%.87% West 3 9.9% 1 5.8 $38,5.7% 1.% South 9 5 55.77% 1.9 $9,5 1.57%.99% South East 3 7 8.9% 117 5.9 $95,8.%.5% East 8 11 7.73% 33.13 $189,3.9% 1.7% TOTAL CITY 183 37 8.93% 97 5.8 $35,.9%.% *Total city figures can include activity from areas not yet represented by a community / district CREB Monthly Statistics
District Trends TOTAL SALES,5 OCTOBER, 1,5 1, 5 '3 ' '5 ' '7 '8 '9 City Centre South East South West North West North North East East '1 '11 '1 '13 '1 '15 '1 TOTAL INVENTORY OCTOBER 9, 8, 7,, 5,, 3,, 1, '3 ' '5 ' '7 '8 '9 '1 '11 '1 '13 City Centre South East South West North West North North East East '1 '15 '1 MONTHS OF SUPPLY 18. 1. 1. 1. 1. 8.... Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary OCTOBER CREB Monthly Statistics
Price Comparisons BENCHMARK PRICE OCTOBER 9, 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON OCTOBER 8% % % % % % % % Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms 3 3 3 3 3 3 3 3 Year Built 1951 1985 1997 199 1997 1983 1999 197 1991 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics 5
District Graphs TOTAL INVENTORY BY PRICE RANGE OCTOBER 1, 1, 1, 1, TOTAL SALES BY PRICE RANGE OCTOBER 5 35 3 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East 5 15 1 5 <$, $, $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 OCTOBER 3 SHARE OF CITY WIDE SALES OCTOBER 1% 5 3 9 1 1% 17% 15 1 5 33 7 3 7 1 13 117 15 1 1 7 3 11 5 18 11 13 135 17 89 91 City Centre North East North North West West South South East East 8% % % % % 8% 1% 13% 5% 8% 13% 1% 9% 1% 8% 7% 9% 9% % 3% 9% 1% 1% % 1% 1% 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 7
Total Residential Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Nov. Dec. 1 1/1/1 /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 1,78 1,9,9 1,7 1,57 1,79 1,7 1, 99 New Listings,7,97 3,5 3,17 3,317 3,98,83,7,97,31 1,985 99 Inventory 5,3 5,83,1,51,177,1 5,78 5,79 5,881 5,31,987 3,7 Days on Market 51 3 3 7 5 5 Benchmark Price 5,1 3, 39,9 38, 37,3 37,8 38, 38, 38, 37,5 3,7 3,1 Median Price 7,5,,5 3, 3,75 3, 9,5 18,5 3,5 1,, 5, Average Price 5,889 73,9 8, 7,91 91,83 85,8 85,385 7,19 9,33 1,5 8,95 9,71 Index 5 3 1 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /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 1,91,11,13 1, 1,595 1,1 1,7 New Listings,383,59 3, 3,95 3,8 3,753,978 3, 3,3, Inventory,11,5 5,1 5,517,1,8,95,18,879,3 Days on Market 53 8 39 37 38 3 5 5 5 Benchmark Price 33, 33, 3,3 35, 39,3 1,5 3,,3 1,5 38,9 Median Price 5, 8, 35, 5, 8,5 5,5 5, 8, 3, 15, Average Price 7,59 8,78 9,98 95,153 5,39 5,889 78,155 78,8 8,988 75,918 Index 1 3 3 Oct1 Oct17 1 17 CALGARY TOTAL SALES 1/1/1 1/1/17 1/1/1 1/1/17 >$1, 1 $1, $199,999 3 58 5 $, $99,999 51 7,1,39 $3, $ 39,999 183 179 1,735 1,71 $35, $399,999 75 11,1,117 $, $9,999 3 17,113, $5, $99,999 178 13 1,1 1,7 $5, $59,999 13 113 1,3 1,39 $55, $599,999 87 71 1,8 1,5 $, $9,999 5 58 18 797 $5, $99,999 8 5 518 $7, $799,999 9 73 5 797 $8, $899,999 38 3 8 $9, $999,999 9 7 13 38 $1,, $1,9,999 3 31 38 $1,5, $1,99,999 1 9 1 1 $1,5, $1,79,999 3 71 $1,75, $1,999,999 7 3 39 $,, $,99,999 31 $,5, $,999,999 1 13 17 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 1,7 1,7 15, 1,9 CITY OF CALGARY TOTAL SALES BY PRICE RANGE 7,, 5,, 3,, 1, <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 $7, 999,999 $1,,+ CREB Monthly Statistics 8
CITY OF CALGARY TOTAL SALES CITY OF CALGARY TOTAL NEW LISTINGS Total Residential 5, 5,,, 35, 15, 3, 5, 1,, 15, 5, 1, 5, 7 8 9 1 11 1 13 1 15 1 17 7 8 9 1 11 1 13 1 15 1 17 Detached Apartment Semi Detached Row 1 Year Average Detached Apartment Semi Detached Row 1 Year Average CITY OF CALGARY TOTAL INVENTORY AND SALES 8, 7,, 5,, 3,, 1,,,,, 38, 3, 3, 3, 3, CITY OF CALGARY TOTAL MONTHS OF INVENTORY 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 8, 1 13 1 15 1 17 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 9
Detached Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Nov. Dec. 1 1/1/1 /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 1,13 1,13 1,8 1,19 983 93 1,31 77 59 New Listings 1,87 1,11 1,818 1,8 1,85 1,78 1,87 1,58 1,59 1,3 1, 51 Inventory,537,953 3,93 3,138 3,,938,73,78,83,57,37 1,71 Days on Market 9 38 1 39 1 3 1 5 5 Benchmark Price 5,5 53,3 5,9 5,1 99, 5,9 5,1 53,3 53,3 53,1 98,9 98,9 Median Price 58,75 7,5 8, 83,75 89, 89,5 8, 7,5 9,, 85, 8, Average Price 5,8 51,979 538,81 51,78 558,9 558, 5,5 5,371 53,3 59,378 557,713 57,39 Index 8 7 5 5 7 7 5 5 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 58 8 1,171 1,193 1,375 1,381 1,11 983 919 98 New Listings 1,9 1,93 1,79 1,81,39,15 1,88 1,7 1,87 1,8 Inventory 1,88 1,995,3,5,95 3, 3,79 3,7 3,9 3, Days on Market 38 3 31 3 38 Benchmark Price 98,7 99, 5, 5,3 5,7 59, 51,1 51,9 58,9 5, Median Price 85, 9,5 9, 5,5 51, 513, 95, 91, 8,5 73,5 Average Price 55,3 557,1 571,75 5,81 58,781 59,8 553,3 55,7 55,3 55,1 Index 5 5 5 8 9 1 1 9 8 Oct1 Oct17 1 17 CALGARY TOTAL SALES 1/1/1 1/1/17 1/1/1 1/1/17 >$1, $1, $199,999 1 1 5 $, $99,999 19 18 $3, $ 39,999 7 75 1 $35, $399,999 18 15 1,73 1,35 $, $9,999 173 151 1,775 1,3 $5, $99,999 158 111 1, 1,8 $5, $59,999 118 1 1,188 1,1 $55, $599,999 7 5 881 9 $, $9,999 3 7 51 7 $5, $99,999 38 391 557 $7, $799,999 5 5 83 598 $8, $899,999 19 3 9 39 $9, $999,999 19 185 $1,, $1,9,999 18 1 197 $1,5, $1,99,999 15 119 1 $1,5, $1,79,999 3 5 9 $1,75, $1,999,999 7 33 38 $,, $,99,999 3 9 $,5, $,999,999 1 1 17 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 1 1,31 98 9,81 1,35 CITY OF CALGARY DETACHED SALES BY PRICE RANGE,5, 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY DETACHED SALES 1, 1, 1, 1, 8,,,, CITY OF CALGARY DETACHED NEW LISTINGS Detached 3, 5,, 15, 1, 5, 7 8 9 1 11 1 13 1 15 1 17 7 8 9 1 11 1 13 1 15 1 17 Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY, 3,5 3,,5, 1,5 1, 5 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 515, 51, 55, 5, 95, 9, 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE CITY OF CALGARY DETACHED PRICES, 1% 5% % 5% 57, 5, 7,, 37, 1% 1 13 1 15 1 17 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change 3, 1 13 1 15 1 17 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 11
Apartment Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Nov. Dec. 1 1/1/1 /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 19 18 57 73 7 31 55 7 5 195 1 New Listings 598 3 79 85 18 1 3 58 55 Inventory 1,5 1,389 1,59 1,583 1,1 1,5 1,557 1,577 1,51 1,5 1,3 1,19 Days on Market 59 5 8 5 9 71 5 5 5 58 71 Benchmark Price 8,8 8,5 79,1 7,8 75, 75,5 7, 71,7 71,3 7, 8,7,5 Median Price 51, 8, 7, 78,5 8, 7,5 9,9 71,5 8, 5, 55, 9,5 Average Price 8,88 37,1 98,7 3,55 31,753 39,31 351,55 31,8 33, 88,39 97,71 3,355 Index 19 19 193 19 19 191 19 188 188 187 18 18 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 151 35 97 83 8 8 5 8 9 33 New Listings 583 7 91 78 79 1 3 8 51 Inventory 1,7 1,391 1,579 1,5 1,78 1,87 1,81 1,77 1,771 1,39 Days on Market 8 5 9 55 55 59 5 7 Benchmark Price 5,,3,9,3, 5,8, 3,3 3,7 1, Median Price 58,5 75, 51,5 7, 7, 7, 57,75 55, 7,5 57,5 Average Price 8,9 31,98 8,13 33,31 9,999 33,31 8,3 85,5 83,79 91,111 Index 183 183 183 183 185 18 18 18 183 181 Oct1 Oct17 1 17 CALGARY TOTAL SALES 1/1/1 1/1/17 1/1/1 1/1/17 >$1, 1 $1, $199,999 9 3 35 83 $, $99,999 11 19 1,95 1, $3, $ 39,999 8 3 3 357 $35, $399,999 7 3 35 $, $9,999 8 9 111 117 $5, $99,999 8 7 9 $5, $59,999 51 9 $55, $599,999 3 1 3 3 $, $9,999 1 $5, $99,999 1 1 15 $7, $799,999 8 1 $8, $899,999 1 1 5 $9, $999,999 3 8 $1,, $1,9,999 1 1 $1,5, $1,99,999 1 1 5 3 $1,5, $1,79,999 1 $1,75, $1,999,999 1 $,, $,99,999 1 $,5, $,999,999 1 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 5 33,385,7 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 1 15 1 17 $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY APARTMENT SALES CITY OF CALGARY APARTMENT NEW LISTINGS Apartment,5 9,, 8, 3,5 7, 3,,,5 5,,, 1,5 3, 1,, 5 1, 7 8 9 1 11 1 13 1 15 1 17 7 8 9 1 11 1 13 1 15 1 17 Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES, 7, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1 1,8 1, 1, 1, 1, 8 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 7, 8,,,,, 58, 5, 1 8 1 13 1 15 1 17 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE 5% % 1% 5% % 5% 1% % 5% 1 13 1 15 1 17 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY APARTMENT PRICES 3, 3, 3, 3, 8,,,,, 1 13 1 15 1 17 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 13
SemiDetached Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Nov. Dec. 1 1/1/1 /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 71 11 1 17 19 185 18 138 155 1 11 95 New Listings 8 83 89 3 9 9 1 37 8 3 193 13 Inventory 51 55 579 58 5 53 5 5 58 78 55 37 Days on Market 7 37 5 1 5 7 5 1 Benchmark Price 8,,8, 1,, 3,,,,,,, Median Price 377, 3,5 39, 1, 9, 393, 38,88 391, 5, 375, 7,5 5, Average Price 78,79 9,83 5,81 9,71 5,19 9,57 97,58 8,981 7,7 9,7 5,513 51,91 Index 3 1 1 1 3 3 3 3 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 83 1 199 188 191 17 177 1 13 New Listings 199 3 31 9 33 31 79 8 31 9 Inventory 37 3 5 55 517 5 589 583 17 11 Days on Market 1 53 5 Benchmark Price,8 18, 3, 5, 7,9 3,1,8 19, 19, 19, Median Price 375, 38,858 39, 3,75 5,5, 395, 39, 3, 39, Average Price 8,59 77,85 9,91 5,3 95,85 513,11 51,73 77,1 55,1 9,18 Index 1 1 13 1 1 11 1 1 1 Oct1 Oct17 1 17 CALGARY TOTAL SALES 1/1/1 1/1/17 1/1/1 1/1/17 >$1, $1, $199,999 1 8 18 $, $99,999 19 9 $3, $ 39,999 9 8 59 7 $35, $399,999 1 17 9 88 $, $9,999 11 7 19 15 $5, $99,999 7 7 3 $5, $59,999 1 59 $55, $599,999 8 53 5 $, $9,999 7 7 7 58 $5, $99,999 8 1 71 $7, $799,999 17 17 15 17 $8, $899,999 5 5 1 $9, $999,999 7 5 39 1 $1,, $1,9,999 1 3 9 3 $1,5, $1,99,999 1 7 $1,5, $1,79,999 1 1 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 13 1,513 1, CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 7 5 3 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 1 15 1 17 $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY SEMIDET. SALES,5, 1,5 1, 5 CITY OF CALGARY SEMIDET. NEW LISTINGS SemiDetached 3,5 3,,5, 1,5 1, 5 7 8 9 1 11 1 13 1 15 1 17 7 8 9 1 11 1 13 1 15 1 17 Semi Detached 1 Year Average Semi Detached 1 Year Average CITY OF CALGARY SEMIDET. INVENTORY AND SALES CITY OF CALGARY SEMIDET. MONTHS OF INVENTORY 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 35, 3, 5,, 15, 1, 5,, 395, 39, 8 7 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% % 3% % 1% % 1% % 3% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 15
Row Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Nov. Dec. 1 1/1/1 /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 99 159 18 185 1 5 18 181 13 119 New Listings 389 377 39 5 8 5 317 385 13 3 75 137 Inventory 733 789 91 9 983 987 888 87 89 837 773 57 Days on Market 51 5 9 7 5 51 55 55 5 5 58 58 Benchmark Price 319,8 31,8 313, 31,9 31,1 3, 35,8 35,9 35,3 33,5 3,9 33,1 Median Price 315, 315, 39, 31, 31,5 31, 33,5 31, 31, 3, 31, 317,9 Average Price 3,7 3,3 37,9 35,97 37,73 39,3 38,1 33,1 35,97 319,5 331,9 33,8 Index 199 19 195 19 19 19 19 191 19 19 19 17 1/1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 17 151 3 1 71 8 1 187 189 183 New Listings 331 37 17 7 55 518 397 7 37 Inventory 19 8 77 8 98 1,1 1,13 99 997 97 Days on Market 3 8 51 57 5 7 9 5 5 5 Benchmark Price 3, 91, 9, 93, 9, 9, 3,7 37, 3,9 35, Median Price 35, 311, 33, 39, 31, 31, 38,5 35,5 319, 31, Average Price 31,553 33,55 3,8 35,371 338,5 33,5 333,5 37,5 3,5 353,1 Index 19 183 183 18 183 18 19 19 19 191 Oct1 Oct17 1 17 CALGARY TOTAL SALES 1/1/1 1/1/17 1/1/1 1/1/17 >$1, $1, $199,999 13 1 1 138 $, $99,999 85 8 78 7 $3, $ 39,999 5 5 97 $35, $399,999 1 1 $, $9,999 11 9 118 18 $5, $99,999 5 11 55 87 $5, $59,999 5 8 $55, $599,999 $, $9,999 3 19 39 $5, $99,999 1 11 17 $7, $799,999 13 15 $8, $899,999 1 3 5 $9, $999,999 $1,, $1,9,999 3 1 8 $1,5, $1,99,999 1 8 $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 $,, + 183 1,883, CITY OF CALGARY ROW SALES BY PRICE RANGE 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY ROW SALES CITY OF CALGARY ROW NEW LISTINGS Row 3,5 5, 3,,5,5, 3,5, 1,5 3,,5, 1, 5 1,5 1, 5 7 8 9 1 11 1 13 1 15 1 17 7 8 9 1 11 1 13 1 15 1 17 Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 1, 8 31, 35, 3, 95, 9, CITY OF CALGARY ROW MONTHS OF INVENTORY 8 7 5 3 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 85, 8, 1 1 13 1 15 1 17 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 1% 5% % 5% 1% 1 13 1 15 1 17 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,,,,, 1 13 1 15 1 17 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 17
CITY CENTRE CITY CENTRE TOTAL SALES 5,,5, 3,5 3,,5, 1,5 1, 5 7 8 9 CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average CITY CENTRE TOTAL SALES BY PRICE RANGE 9 8 7 5 3 1 1 15 1 17 CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY, 1,8 1, 1, 1, 1, 8 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 515, 51, 55, 5, 95, 9, 1 1 1 8 1 13 1 15 1 17 Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE % 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 18
NORTHEAST NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES NORTHEAST TOTAL SALES 3,5 1 NORTHEAST TOTAL SALES BY PRICE RANGE 3,,5, 1,5 1, 5 7 8 9 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 1 8 1 15 1 17 NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY 9 8 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 358, 357, 35, 355, 35, 353, 35, 351, 35, 39, 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE 3% 5% % 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19
NORTH NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES 3, 1 NORTH TOTAL SALES BY PRICE RANGE,5 1, 8 1,5 1, 5 7 8 9 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 15 1 17 NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY 9 8 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep.,,,, 398, 39, 39, 39, 39, 388, 38, 38, 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1month moving average NORTH PRICE CHANGE 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
NORTHWEST NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES, 3,5 8 7 NORTHWEST TOTAL SALES BY PRICE RANGE 3,,5, 1,5 1, 5 7 8 9 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 5 3 1 1 15 1 17 NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY 8 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 9, 85, 8, 75, 7, 5,, 55, 7 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1
WEST WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES WEST TOTAL SALES 3, WEST TOTAL SALES BY PRICE RANGE,5 5, 1,5 3 1, 5 1 7 8 9 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 15 1 17 WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 8 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 575, 57, 55, 5, 555, 55, 55, 5, 535, 53, 55, 1 9 8 7 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1month moving average WEST PRICE CHANGE 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
SOUTH SOUTH TOTAL SALES 5,,5, 3,5 3,,5, 1,5 1, 5 7 8 9 SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average SOUTH TOTAL SALES BY PRICE RANGE 1 1 1 8 1 15 1 17 SOUTH INVENTORY AND SALES 1, 1, 8, 18, 1, 1, 1, 1, 8,, SOUTH MONTHS OF INVENTORY 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep., 1 13 1 15 1 17 Months of Supply Trended 1month moving average SOUTH PRICE CHANGE 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 3
SOUTHEAST SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES SOUTHEAST TOTAL SALES 3, 1 SOUTHEAST TOTAL SALES BY PRICE RANGE,5 1, 8 1,5 1, 5 7 8 9 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 15 1 17 SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY 8 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 3, 8,,,,, 18, 1, 1, 5 3 1 1 13 1 15 1 17 Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE % 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
EAST EAST TOTAL SALES 1, 9 8 7 5 3 1 7 8 9 EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average EAST TOTAL SALES BY PRICE RANGE 35 3 5 15 1 5 1 15 1 17 EAST INVENTORY AND SALES 3 5 15 1 5 38, 3, 3, 3, 3, 98, 9, EAST MONTHS OF INVENTORY 8 7 5 3 1 '1 Nov. '1 Dec. '1 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Inventory Sales Benchmark Price Sep. 9, 1 13 1 15 1 17 Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% % 1% 5% % 5% 1% 1 13 1 15 1 17 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, 1 13 1 15 1 17 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 5
CREB Definitions 1 13 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