September
Detached prices stabilize in soft market, October, The segment of Calgary s housing market with the greatest influence on the overall market is showing signs of pricing stability. The detached benchmark price totaled $5, in September, which is. per cent below last year, but the second consecutive month at this price level. While overall economic conditions remain soft, for now the detached sector is demonstrating some steadiness in terms of pricing. The decline in demand has caused many to anticipate steeper price declines for detached homes, said CREB chief economist AnnMarie Lurie. That hasn t happened in large part because detached supply levels haven t climbed as sharply as many expected. There was a limited amount of supply in the overall market when this cycle began, and while levels did rise and remain somewhat elevated, they were well below previous highs. The level of detached new listings also eased compared to last year, helping push down yearoveryear inventory levels for the second consecutive month. Consumers are really starting to come to terms with the current environment," said CREB president Cliff Stevenson. Most sellers have adjusted their expectations at the same time that many buyers are realizing the prices are reacting very differently in different segments of the market. We re just not seeing the price declines that buyers have been expecting in all segments of the market. Residential inventory levels totaled 5,877 in September, five per cent higher than last year, due to gains in both the apartment and attached sectors. Citywide months of supply neared four months, but ranged from a low of three months in the detached sector to a high of eight months in the apartment sector. Sales were equally inconsistent, improving by four percent in the detached market while declining by percent in the apartment sector. Nonetheless, in every category, sales activity yeartodate sales activity has declined over levels recorded last year and remains below longterm averages. The resale apartment market has recorded large inventory gains and a sharp pullback in sales. This, combined with additional competition from new builds, is resulting in steeper price adjustments in this sector. Condominium apartment prices totaled $7,7 in September,.1 per cent below last month and.8 per cent below last years price. MONTHS OF SUPPLY 1 MONTHLY STATISTICS PACKAGE HOUSING MARKET FACTS Yeartodate sales totaled 1,7 units, 8. per cent below last year s levels and per cent below longterm averages; Apartment sales have declined by 19 per cent this year, while inventories have increased by 18 per cent on average; Average apartment benchmark prices have declined by 5.8 per cent this year in Calgary. However, the steepest declines were recorded in the west end district at 7. per cent; Like the other housing market sectors, detached home prices have declined in every district. However, the steepest declines have occurred in the City Centre and the South East; September inventories in the South East have risen to levels comparable with record highs. At the same time, new home supply levels have also increased, causing the steeper price declines when compared to some districts in the city; Detached sales in Calgary totaled 8,85 so far this year, which is 5. per cent below last year. Despite these aggregate declines, sales activity improved in the City Centre, North West and West areas of the city. *See district map on last page. 1 8 1 5 7 8 9 1 11 1 1 1 15 Detached Apartment Semidetached Row 11 Detached per. Mov. Avg. (Detached) Apartment 1 per. Mov. Avg. (Apartment) 1 Semidetached per. Mov. Avg. (Semidetached) Row 11 per. Mov. Avg. (Row) CREB Monthly Statistics
Summary Stats Sep15 Sep1 Y/Y % Change 15 Y/Y % Change DETACHED Total Sales 9 95.% 9,1 8,85 5.1% Total Sales Volume $75,8, $5,77,55 1.% $5,,9,7 $,81,59,157.7% New Listings 1,78 1,.11% 15,898 15,1 5.57% Inventory,9,8.8%,88,889.17% Months of Supply..99 1.5%.79.9 5.% Sales to New Listings Ratio 51.% 5.9% 5.8% 58.% 58.85%.5% Sales to List Price Ratio 97.% 97.%.8% 97.51% 97.%.5% Days on Market 7 11.51% 7 1.51% Benchmark Price $5,5 $5,.9% $519,9 $5,1.% Median Price $75, $9,.1% $8, $8,.1% Average Price $5,987 $5,87 7.59% $5, $58, 1.8% Index 1.8% 1.% APARTMENT Total Sales 59.78%,,1 19.1% Total Sales Volume $7,87, $,, 1.8% $819,5,75 $,5,77 18.85% New Listings 57 7.% 5,59 5,7.5% Inventory 1,9 1,51 7.9% 1,91 1,5 17.95% Months of Supply.99 8. 5.%.9.1.% Sales to New Listings Ratio 9.% 1.% 8.% 7.% 7.% 1.7% Sales to List Price Ratio 9.% 9.%.7% 97.1% 9.%.% Days on Market 9 5 15.% 7 5 19. Benchmark Price $9, $7,7.75% $9, $79,15 5.8% Median Price $5, $8, 5.% $7,5 $7,8.% Average Price $9,71 $,.% $9,78 $11,17.5% Index 188.75% 191 5.8% ATTACHED Total Sales 8 8 19.1%,15, 8.5% Total Sales Volume $11,115, $1,71,9 19.9% $1,5,8,95 $1,19,79,999 9.8% New Listings 7 8 1.9%,19,18.7% Inventory 1,77 1, 9.87% 1,175 1, 1. Months of Supply.5.15 7.9%.19..% Sales to New Listings Ratio.9% 9.71% 7.% 55.8% 9.%.5% Sales to List Price Ratio 97.57% 9.99%.58% 97.5% 97.1%.55% Days on Market 1 5 5.98% 9 1.7% Benchmark Price $8, $1,.79% $7,77 $,1.9% Median Price $,75 $,.% $9,9 $, 1.97% Average Price $9,771 $97,85.78% $8,95 $,17 1.5% Index 7 197.79% 198.9% CITY OF CALGARY Total Sales 1,58 1,88.% 15,9 1,7 8.% Total Sales Volume $8,15,71 $71,95, 9.5% $7,1,1,858 $,7,,1.7% New Listings,15,.9% 8, 7,5 1.78% Inventory 5,599 5,877.97% 5,9 5,8 9.7% Months of Supply.8.95.85%.1.7 18.97% Sales to New Listings Ratio.% 8.9%.% 5.8% 51.17%.5% Sales to List Price Ratio 97.% 97.1%.% 97.% 9.98%.8% Days on Market 1 1.% 5 1.5% Benchmark Price $59, $,.11% $59, $1,9.78% Median Price $5, $,75.% $5, $,5.5% Average Price $58,5 $91, 7.% $71,11 $79, 1.7% Index 11.1% 11.79% For a list of definitions, see page. CREB Monthly Statistics
Summary Stats CITY OF CALGARY SEMIDETACHED Sep15 Sep1 Y/Y % Change 15 Y/Y % Change Total Sales 1 15 51.% 1, 1,8. Total Sales Volume $5,58,9 $75,57,87.7% $8,,71 $58,79,91.5% Share of Sales with Condo Title 1.8% 19.87% 9.19% 1.8% 1.1% 1.51% New Listings 8 71 1.1%,5,5 1.9% Inventory 55 515 7.% 51 58.7% Months of Supply 5.8. 8.%..59.1% Sales to New Listings Ratio 8.% 57.5% 19.1% 5.95% 5.8%.88% Sales to List Price Ratio 97.7% 9.9%.7% 97.78% 97.11%.7% Days on Market 5 5.5% 1 5 9.7% Benchmark Price $98,1 $8,5.91% $9, $85,978.% Median Price $,5 $7, 5.9% $1, $95,.% Average Price $51,515 $81,1 5.75% $5,91 $88,71.59% Index 7 1.9% 1.% CITY OF CALGARY ROW Total Sales 181 18.55% 1,9 1,8 1.% Total Sales Volume $59,51,97 $59,1,8.% $8,95,7 $5,58,7 1.% Share of Sales with Condo Title 95.% 9.1%.7% 9.51% 9.75%.7% New Listings 9 1.7%,7,8 5.9% Inventory 7 888.99% 1 88.98% Months of Supply.99.88.%..7 5.1% Sales to New Listings Ratio 5.%.5%.5% 5.1% 5.7% 1.85% Sales to List Price Ratio 97.% 97.%.% 97.5% 97.9%.% Days on Market 1 5 7.5% 5.81% Benchmark Price $9,8 $11,1 5.7% $9,8 $1,85.5% Median Price $17,5 $1,81.7% $, $1,.7% Average Price $8,9 $,5.75% $,7 $,888.1% Index 195 5.7% 197.5% CITY OF CALGARY ATTACHED Total Sales 8 8 19.1%,15, 8.5% Total Sales Volume $11,115, $1,71,9 19.9% $1,5,8,95 $1,19,79,999 9.8% Share of sales with condo title.% 58.88% 8.%.5% 59.5%.% New Listings 7 8 1.9%,19,18.7% Inventory 1,77 1, 9.87% 1,175 1, 1. Months of Supply.5.15 7.9%.19..% Sales to New Listings Ratio.9% 9.71% 7.% 55.8% 9.%.5% Sales to List Price Ratio 97.57% 9.99%.58% 97.5% 97.1%.55% Days on Market 1 5 5.98% 9 1.7% Benchmark Price $8, $1,.79% $7,77 $,1.9% Median Price $,75 $,.% $9,9 $, 1.97% Average Price $9,771 $97,85.78% $8,95 $,17 1.5% Index 7 197.79% 198.9% For a list of definitions, see page. CREB Monthly Statistics
Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change September Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 9 19 9.7% 79.95 $57,.58%.5% North East 17 191 5.%.78 $87,.51%.18% North 17 5 5.% 78.98 $7, 1.%.% North West 15 18.51% 1.15 $59,7.%.18% West 11.5%.8 $71,.1%.1% South 175 51.% 55.1 $7,.1%.1% South East 1 7.% 78. $9,.9% 1.1% East 5 5.% 79. $59,9.%.% TOTAL CITY 95 1, 5.9%,8.99 $5,.9%.% Apartment City Centre 11 18 5.85% 8 7.5 $,9 7.%.% North East 5 1.% 81 7. $5,8.8%.9% North 1 7 7.% 7 7. $7,7 8.75%.9% North West 11 58 18.97% 17 1. $1,.7%. West 17.5% 1 9.59 $5,1 8.7%.7% South 77.77% 8. $1,9.75%.1% South East 1.78% 17.9 $,8 1.8%.9% East 1 5.% 5 1.7 $7,7 5.91%.9% TOTAL CITY 7 1.% 1,51 8. $7,7.75%.7% Semidetached City Centre 89.9% 197.9 $99,1 1.%.7% North East.7% 5.5 $,.%.% North 15 5.% 1.7 $5,.%. North West 1 5.55%.8 $7,.8%.88% West 7 81.8% 5.5 $55,8 1.%.8% South 1 9.8%. $,1.9%.9% South East 1 77.% 1.79 $5, 7.% 1.% East 8 15 5.%.75 $78,9.% 1.% TOTAL CITY 15 71 57.5% 515. $8,5.91%. Row City Centre 8 7.5% 197.57 $,.8% 1.% North East 5 5.% 89.71 $,.%.% North 1.1% 1.9 $7,7.9% 1.% North West 5.% 9.18 $1,8 7.%.78% West 51 9.% 11.5 $5, 5.%.7% South 7.11% 1 5.5 $7, 7.19% 1.17% South East 8.7% 11. $11,.81%.% East 1.%.7 $11,.7%.5% TOTAL CITY 18 9.5% 888.88 $11,1 5.7%.5% *Total city figures can include activity from areas not yet represented by a community / district CREB Monthly Statistics
Price Comparisons BENCHMARK PRICE SEPTEMBER 8, 7,, 5,,,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON SEPTEMBER % 1% % % % 5% % 7% 8% 9% 1% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,1 1,1 1,9 1,5 1,71 1, 1,85 1, 1,7 Lot Size 5,9,17,71 5,75 5,5 5,187,,7,85 Above Ground Bedrooms Year Built 195 1988 199 1988 1988 198 1997 197 198 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics 5
District Trends TOTAL SALES,5 SEPTEMBER, 1,5 1, 5 ' ' ' '5 ' '7 '8 '9 City Centre South East South West North West North North East East '1 '11 '1 '1 '1 '1 TOTAL INVENTORY SEPTEMBER 9, 8, 7,, 5,,,, 1, ' ' ' '5 ' '7 '8 '9 '1 '11 '1 City Centre South East South West North West North North East East '1 '1 '1 MONTHS OF SUPPLY SEPTEMBER. 5.. 15. 1. 5. Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics
District Graphs TOTAL INVENTORY BY PRICE RANGE SEPTEMBER 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE SEPTEMBER 5 5 15 1 5 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East <$, $, $99,999 $, $99,999 $, $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 SEPTEMBER SHARE OF CITY WIDE SALES SEPTEMBER 1% 5 15 1 5 1 8 1 11 11 1 15 1 17 175 15 17 1 17 11 9 City Centre North East North North West West South South East East 1% 8% % % % % 1% % 1% 11% 57% 1% 1% 1% 8% 1% 1% 8% 1% 1% % 5% 9% 8% % 11% 1% 19% 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. Oct. Nov. Dec. 15 1/1/15 /1/15 /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 88 1,1 1,78 1,97,19,19, 1,7 1,58 1,8 1,7 89 New Listings,7,979,198,118,,177,7,78,15,71,9 1,59 Inventory,79 5,51 5,7 5,7 5,9 5,18 5,1 5,15 5,599 5,1 5,, Days on Market 5 9 1 1 1 1 1 5 5 Benchmark Price,,9 58,9 5,7 57,8 59, 59,1 59, 59, 57, 5,8 5,8 Median Price,5,, 17,5,5, 5,, 5, 18,5 1, 7,5 Average Price,,8 7,1 8,58 78,9 8,718 75,11 5,575 58,5 5,9,9 5,185 Index 1 1 11 1 1 11 11 11 11 1 9 8 1/1/1 /1/1 /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 77 1,11 1,598 1,77 1,99,9 1,75 1,577 1,88 New Listings,819,98,8,89,7,15,755,85, Inventory 5, 5,8,1,51,178, 5,71 5,8 5,877 Days on Market 5 8 7 7 Benchmark Price 7,8 5,,8 1, 9,7,,,, Median Price,5,,,,5, 9, 18,,75 Average Price 5,15 7,,71 7,17 91,9 8, 8,88 7,5 91, Index Sep15 Sep1 15 CALGARY TOTAL SALES 9/1/15 9/1/1 9/1/15 9/1/1 >$1, 1 7 5 $1, $199,999 51 7 19 $, $99,999 5 187, 1,95 $, $ 9,999 1 17 1,5 1,555 $5, $99,999 197 19,17 1,97 $, $9,999,19 1,91 $5, $99,999 17 15 1,715 1, $5, $59,999 11 17 1,9 1,9 $55, $599,999 9 9 98 9 $, $9,999 75 1 5 $5, $99,999 58 8 7 $7, $799,999 5 7 588 $8, $899,999 8 7 1 $9, $999,999 15 18 185 $1,, $1,9,999 15 1 1 $1,5, $1,99,999 8 9 11 $1,5, $1,79,999 5 9 $1,75, $1,999,999 1 $,, $,99,999 1 7 19 $,5, $,999,999 1 1 1 $,, $,99,999 $,5, $,999,999 1 5 $,, + 1 1 1,58 1,88 15,8 1,7 CITY OF CALGARY TOTAL SALES BY PRICE RANGE, 5,,,, 1, <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 1 1 15 $7, 999,999 $1,,+ CREB Monthly Statistics 8
CITY OF CALGARY TOTAL SALES Total Residential CITY OF CALGARY TOTAL NEW LISTINGS 5, 5,,, 5, 15,, 5, 1,, 15, 5, 1, 5, 7 8 9 1 11 1 1 1 15 7 8 9 1 11 1 1 1 15 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,,,, 1, 5,, 55, 5, 5,, 5,, CITY OF CALGARY TOTAL MONTHS OF INVENTORY 7 5 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1 5, 11 1 1 1 15 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 1% 5% % 5% 1% 11 1 1 1 15 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY TOTAL PRICES 5, 5, 8,,,,, 8,,,, 11 1 1 1 15 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 9
Detached Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 /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 5 7 1,79 1,15 1, 1,1 1, 99 9 87 798 5 New Listings 1,8 1,71 1,77 1,77 1,875 1,8 1,71 1, 1,78 1,1 1,18 791 Inventory,579,977,7,,9,789,75,8,9,91,8,1 Days on Market 7 7 8 8 7 7 7 7 8 7 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, 9, 89, 8, 75, 7,5 5, 55, Average Price 55,188 5, 55,575 55, 51,97 55, 51,9 5,7 5,987 519,71 5,11 5,7 Index 1 1 1 1 1 1 1 1 1 1 11 11 1/1/1 /1/1 /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 9 1,5 1,1 1,1 1,8 1,11 98 95 New Listings 1,87 1,11 1,818 1,8 1,85 1,79 1,88 1,59 1, Inventory,57,95,9,18,,99,75,79,8 Days on Market 9 8 1 9 1 1 Benchmark Price 58, 5, 5, 51,5 5,5 5, 5, 5, 5, Median Price 58,75 7,5 8, 8,75 89,5 89,5 8, 7,5 9, Average Price 5,8 51,979 58,81 51,78 559,19 558,5 5, 5,85 5,87 Index 8 7 5 Sep15 Sep1 15 CALGARY TOTAL SALES 9/1/15 9/1/1 9/1/15 9/1/1 >$1, $1, $199,999 $, $99,999 11 15 1 1 $, $ 9,999 5 59 51 5 $5, $99,999 15 17 1,1 1,88 $, $9,999 187 1 1,7 1, $5, $99,999 15 1 1, 1,8 $5, $59,999 117 11 1,15 1,7 $55, $599,999 8 9 89 8 $, $9,999 51 55 58 $5, $99,999 7 5 87 5 $7, $799,999 57 8 1 $8, $899,999 7 5 7 $9, $999,999 11 18 18 $1,, $1,9,999 1 15 181 18 $1,5, $1,99,999 7 81 1 $1,5, $1,79,999 5 $1,75, $1,999,999 7 9 $,, $,99,999 1 7 18 7 $,5, $,999,999 1 8 11 $,, $,99,999 $,5, $,999,999 1 $,, + 1 1 1 9 95 9,1 8,85 CITY OF CALGARY DETACHED SALES BY PRICE RANGE,,5,,5, 1,5 1, 5 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 1 1 15 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY DETACHED SALES 1, 1, 1, 1, 8,,,, Detached CITY OF CALGARY DETACHED NEW LISTINGS, 5,, 15, 1, 5, 7 8 9 1 11 1 1 1 15 7 8 9 1 11 1 1 1 15 Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY,5 55,,,5, 1,5 1, 5, 515, 51, 55, 5, 5 5 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1 95, 9, 1 11 1 1 1 15 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,, 7, 1% 11 1 1 1 15 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change, 11 1 1 1 15 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 11
Apartment Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 /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 15 15 5 59 99 81 59 7 195 15 New Listings 7 59 7 8 1 11 58 51 57 587 89 Inventory 1,197 1,8 1, 1,7 1,1 1,1 1,5 1,7 1,9 1, 1,5 1,1 Days on Market 55 5 8 8 7 7 9 5 5 5 Benchmark Price 1, 99, 95,9 9, 95, 95, 9,5 95,9 9, 9, 91,1 88, Median Price 9, 7,5 71,5 7,75 8,5 75, 8,5, 5, 8, 7,5 87, Average Price, 7,,7,175 8,,51 11,1 95,7 9,71 18,1 99,858 5,1 Index 5 1 199 197 1/1/1 /1/1 /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 7 7 11 55 7 New Listings 598 7 8 85 5 17 17 7 Inventory 1,5 1,9 1,51 1,585 1,1 1,55 1,557 1,577 1,51 Days on Market 59 5 8 5 9 71 5 5 Benchmark Price 8,8 8, 81, 8, 78,5 78, 77, 7,9 7,7 Median Price 51, 8, 7, 78,5 8, 7,5 9,9 71,5 8, Average Price 8,88 7,1 98,7,55 1,75 1,19 51,55 1,8, Index 19 19 19 19 191 19 19 188 188 Sep15 Sep1 15 CALGARY TOTAL SALES 9/1/15 9/1/1 9/1/15 9/1/1 >$1, $1, $199,999 5 5 7 $, $99,999 19 78 1,57 979 $, $ 9,999 9 5 9 $5, $99,999 5 18 9 9 $, $9,999 1 1 1 1 $5, $99,999 7 7 97 7 $5, $59,999 1 7 5 $55, $599,999 9 $, $9,999 17 1 $5, $99,999 15 $7, $799,999 1 15 8 $8, $899,999 1 1 $9, $999,999 $1,, $1,9,999 1 7 $1,5, $1,99,999 1 $1,5, $1,79,999 $1,75, $1,999,999 1 $,, $,99,999 $,5, $,999,999 1 1 $,, $,99,999 $,5, $,999,999 $,, + 59,,1 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE, 1,8 1, 1, 1, 1, 8 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 1 1 15 $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY APARTMENT SALES Apartment CITY OF CALGARY APARTMENT NEW LISTINGS,5 8,, 7,,5,,5, 1,5 1,, 5,,,, 5 1, 7 8 9 1 11 1 1 1 15 7 8 9 1 11 1 1 1 15 Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES 1,8, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1 1, 1, 1, 1, 8 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1 95, 9, 85, 8, 75, 7, 5,, 1 8 11 1 1 1 15 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE 5% % 1% 5% % 5% 1% % 11 1 1 1 15 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY APARTMENT PRICES,,,, 8,,,,, 11 1 1 1 15 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1
SemiDetached Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 /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 81 95 1 19 18 191 18 1 18 18 7 New Listings 75 8 7 9 8 8 9 1 Inventory 71 5 57 5 88 91 91 5 55 58 5 8 Days on Market 1 5 1 9 5 1 1 7 5 Benchmark Price 9,7 9,5 9,8 9, 9, 9,7 97,7 98,1 98,1 9, 9, 9,1 Median Price 8, 17,5,75 9,75 17,5 1,75 1, 19,579,5 9,5 78, 9,5 Average Price 8,77 5,7 51,5 99,75 51,979 5,99 51,95 9,85 51,515 7, 81,18 9,17 Index 5 5 5 7 7 7 5 1/1/1 /1/1 /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 18 15 New Listings 8 8 89 97 91 1 8 71 Inventory 51 55 579 58 55 5 5 55 515 Days on Market 7 7 5 1 5 7 5 Benchmark Price 9, 8,9 85, 8, 8,1 85, 85, 87,1 8,5 Median Price 77,,5 9, 1, 9, 9, 8,88 91, 7, Average Price 78,79 9,8 5,81 9,71 5,19 9,57 97,58 8,981 81,1 Index 1 199 199 1 1 Sep15 Sep1 15 CALGARY TOTAL SALES 9/1/15 9/1/1 9/1/15 9/1/1 >$1, $1, $199,999 1 7 $, $99,999 1 5 19 195 $, $ 9,999 11 188 $5, $99,999 19 19 55 9 $, $9,999 7 15 1 98 $5, $99,999 8 7 5 $5, $59,999 9 5 5 7 $55, $599,999 1 1 9 9 $, $9,999 7 9 5 9 $5, $99,999 8 17 75 9 $7, $799,999 1 1 15 15 $8, $899,999 5 77 59 $9, $999,999 1 $1,, $1,9,999 5 9 $1,5, $1,99,999 8 $1,5, $1,79,999 1 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $,, $,99,999 $,5, $,999,999 $,, + 1 15 1, 1,8 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 7 5 1 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 1 1 15 $, $99,999 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY SEMIDET. SALES SemiDetached CITY OF CALGARY SEMIDET. NEW LISTINGS,, 1,8 1,,5 1, 1,, 1, 1,5 8 1, 5 7 8 9 1 11 1 1 1 15 7 8 9 1 11 1 1 1 15 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 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1, 95, 9, 85, 8, 75, 8 7 5 1 11 1 1 1 15 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% % % % 1% % 1% % % 11 1 1 1 15 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY SEMIDET. PRICES 5,, 55, 5, 5,, 5,, 5, 11 1 1 1 15 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 15
Row Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 15 1/1/15 /1/15 /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 19 157 59 7 9 55 7 181 18 11 1 New Listings 87 9 75 19 8 85 9 9 9 8 15 Inventory 55 7 79 7 7 5 8 7 77 7 9 Days on Market 8 1 1 1 5 7 Benchmark Price,5, 1,1 9,5 9,7,1 8, 8,7 9,8 8,7 7, 5, Median Price, 15, 5,,,,,, 17,5 1, 19,9 1, Average Price,87,111,75 8,7 7,81 8,957 8,,7 8,9,95 1,7,7 Index 7 7 7 7 5 5 1/1/1 /1/1 /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 51 18 18 New Listings 89 7 8 5 8 5 18 85 9 Inventory 7 788 899 9 981 985 88 871 888 Days on Market 51 5 9 7 5 51 55 55 5 Benchmark Price,8 1, 18,5 1,8 1, 1,8 1, 1, 11,1 Median Price 15, 15, 9, 1, 1,5 1,,5 1, 1,81 Average Price,7, 7,9 5,97 7,7 8,8 8,1 9,97,5 Index 1 199 197 19 195 19 19 195 Sep15 Sep1 15 CALGARY TOTAL SALES 9/1/15 9/1/1 9/1/15 9/1/1 >$1, $1, $199,999 1 1 9 87 $, $99,999 59 9 $, $ 9,999 51 1 57 55 $5, $99,999 8 8 19 1 $, $9,999 11 9 19 18 $5, $99,999 7 8 18 9 $5, $59,999 5 5 5 $55, $599,999 8 $, $9,999 1 5 1 $5, $99,999 1 1 1 $7, $799,999 1 1 11 1 $8, $899,999 1 7 $9, $999,999 $1,, $1,9,999 1 $1,5, $1,99,999 1 $1,5, $1,79,999 $1,75, $1,999,999 1 1 $,, $,99,999 $,5, $,999,999 $,, $,99,999 $,5, $,999,999 $,, + 181 18 1,9 1,8 CITY OF CALGARY ROW SALES BY PRICE RANGE 1, 1, 1, 8 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 1 1 15 $7, 999,999 $1,,+ CREB Monthly Statistics 1
CITY OF CALGARY ROW SALES Row CITY OF CALGARY ROW NEW LISTINGS, 5,,5,5,,,5, 1,5,5 1,, 1,5 5 1, 5 7 8 9 1 11 1 1 1 15 7 8 9 1 11 1 1 1 15 Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 5, CITY OF CALGARY ROW MONTHS OF INVENTORY 8 1, 8 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1, 5,, 15, 1, 5,, 7 5 1 11 1 1 1 15 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 1% 5% % 5% 1% 11 1 1 1 15 Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY ROW PRICES, 8,,,,, 8,,,,, 11 1 1 1 15 Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 17
CITY CENTRE CITY CENTRE TOTAL SALES 5,,5,,5,,5, 1,5 1, 5 7 8 CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average CITY CENTRE TOTAL SALES BY PRICE RANGE 9 8 7 5 1 1 1 15 CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY, 1,8 1, 1, 1, 1, 8 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1 5, 55, 5, 515, 51, 55, 5, 95, 9, 85, 1 1 1 8 11 1 1 1 15 Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE % 5% % 1% 5% % 5% 1% 11 1 1 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,,,, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 18
NORTHEAST NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES NORTHEAST TOTAL SALES,5 1 NORTHEAST TOTAL SALES BY PRICE RANGE,,5, 1,5 1, 5 1 8 7 8 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average 1 1 15 NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY 7 5 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. Jul. '1 '1 '1 Inventory Sales Benchmark Price Aug. '1 '1 8, 75, 7, 5,, 55, 5, 5, 5 1 11 1 1 1 15 Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE % 5% % 1% 5% % 5% 1% 11 1 1 1 15 Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHEAST PRICES 5,, 5,, 5,, 15, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19
NORTH NORTH TOTAL SALES,,5, 1,5 1, 5 7 8 NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average NORTH TOTAL SALES BY PRICE RANGE 1 9 8 7 5 1 1 1 15 NORTH INVENTORY AND SALES 7, NORTH MONTHS OF INVENTORY 5 1 15, 1, 5,, 95, 5 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. Jul. '1 '1 '1 Inventory Sales Benchmark Price Aug. '1 '1 9, 11 1 1 1 15 Months of Supply Trended 1month moving average NORTH PRICE CHANGE 5% % 1% 5% % 5% 1% 11 1 1 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,, 5,, 5,, 15, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
NORTHWEST NORTHWEST TOTAL SALES,5,,5, 1,5 1, 5 7 8 NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average NORTHWEST TOTAL SALES BY PRICE RANGE 9 8 7 5 1 1 1 15 NORTHWEST INVENTORY AND SALES 7 5 1 55, 5, 95, 9, 85, 8, 75, 7, NORTHWEST MONTHS OF INVENTORY 7 5 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. Jul. '1 '1 '1 Inventory Sales Benchmark Price Aug. '1 '1 5, 11 1 1 1 15 Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 1% 5% % 5% 1% 11 1 1 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,,,, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1
WEST WEST TOTAL SALES,5, 1,5 1, 5 7 8 WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average WEST TOTAL SALES BY PRICE RANGE 5 5 5 15 1 5 1 1 15 WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 9 8 7 5 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. Jul. '1 '1 '1 Inventory Sales Benchmark Price Aug. '1 '1 57, 55, 5, 555, 55, 55, 5, 55, 5, 55, 1 9 8 7 5 1 11 1 1 1 15 Months of Supply Trended 1month moving average WEST PRICE CHANGE 5% % 1% 5% % 5% 1% 11 1 1 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,,,, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
SOUTH SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES SOUTH TOTAL SALES,5,,5 1 1 SOUTH TOTAL SALES BY PRICE RANGE,,5, 1,5 1, 5 7 8 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average 8 1 1 15 SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 8 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. '1 '1 Jul. '1 Inventory Sales Benchmark Price Aug. '1 '1, 5,, 5,, 15, 1, 5, 5 1 11 1 1 1 15 Months of Supply Trended 1month moving average SOUTH PRICE CHANGE % 1% 5% % 5% 1% 11 1 1 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,, 5,, 5,, 15, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
SOUTHEAST SOUTHEAST TOTAL SALES,,5, 1,5 1, 5 7 8 SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average SOUTHEAST TOTAL SALES BY PRICE RANGE 1 9 8 7 5 1 1 1 15 SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY 9 8 7 5 1 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. Jul. '1 '1 '1 Inventory Sales Benchmark Price Aug. '1 '1, 55, 5, 5,, 5,, 5,, 15, 1, 5 1 11 1 1 1 15 Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE % 5% % 1% 5% % 5% 1% 11 1 1 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,, 5,, 5,, 15, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
EAST EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES EAST TOTAL SALES 1, 5 EAST TOTAL SALES BY PRICE RANGE 1, 1, 8 7 8 9 1 11 1 1 1 Detached Apartment Semi Detached 15 Row 1 Year Average 5 15 1 5 1 1 15 EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY 18 1 1 1 1 8 Oct. Nov. Dec. Jan. '1 Feb. '1 Mar. '1 Apr. '1 May. Jun. Jul. '1 '1 '1 Inventory Sales Benchmark Price Aug. '1 '1 5,, 5,, 15, 1, 5, 7 5 1 11 1 1 1 15 Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% % 1% 5% % 5% 1% % 11 1 1 1 15 Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change EAST PRICES, 5,, 5,, 15, 1, 11 1 1 1 15 Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 5
CREB Definitions 1 15 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