November 17 17
Home improvement November marks a rise in sales. City of Calgary, December 1, 17 The November housing market was spurred by a rise in sales, particularly in the lower price ranges. Sales totaled 1,11 units in November, an increase of 15 per cent over last year. This is comparable to longerterm averages for the month of November. Improved sales activity occurred in each of the housing segments, with most of the gains occurring in homes priced under $5,. The combination of improved confidence and pending mortgage rule changes have likely contributed to the stronger sales activity this month, said CREB chief economist AnnMarie Lurie. According to Lurie, the last time that sales activity rose to longterm averages for the month was October 1, when the stress test for highratio loans was first announced. Moving forward, we will continue to monitor shifts in demand as improving economic conditions should help offset the impact to the housing market after the new lending policy comes into force in January, said Lurie. The largest gains in the detached sector were in the $3, $399,999 price range, while the apartment and attached sectors saw the largest gains among homes priced below $3,. We have seen some improvements in confidence with many of our clients. There are some concerns regarding the changes in the lending market, but there is also a significant amount of confusion regarding how it will affect them, said CREB president David P. Brown. For a lot of buyers, they are interested in taking advantage of the choice in the market at all price ranges. The rise in sales relative to new listings improved this month, helping ease inventory levels over the previous month and keeping the months of supply relatively stable. However, the amount of supply relative to the sales in the market remains elevated. This continues to weigh on prices. Citywide benchmark prices totaled $3,7,.5 per cent below last month, but. per cent above last year s levels. Both median and average prices recorded a more significant decline compared to last year. This should not come as a surprise, as more sales in the lower price range this year compared to last November would cause a more pronounced drop in average and median prices. MONTHLY STATISTICS PACKAGE City of Calgary HOUSING MARKET FACTS 17 Yeartodate detached sales have totaled 11, units, 5.5 per cent above last year s levels. Detached sales have improved across all districts in the city, except for the North East. However, higher supply levels have been impacting the price recovery in the detached market. Yeartodate benchmark prices remain slightly above last year, but remain over three per cent below recent highs. Rising condominium apartment sales have not been able to offset the continued rise in new listings, which are contributing to the persistent oversupply in this market. As a result, prices continue to ease. As of November, citywide apartment prices totaled $58,3. This is a 1.3 per cent decline from last month, nearly four per cent lower than last year and nearly 1 per cent lower than monthly highs recorded in 1. Within the attached market, the semidetached sector has outperformed the row market in terms of price appreciation. However, in both cases, prices remain 3.3 and 7.9 per cent below recent highs. *See district map on last page. MONTHS OF SUPPLY AND PRICE CHANGES 1. 9. 8. 7.. 5.. 3.. 1. RESIDENTIAL 7% % 5% % 3% % 1% % 1% % 5 7 8 9 1 11 Months of Supply Trended Y/Y Benchmark Price Change CREB Monthly Statistics City of Calgary
Summary Stats City of Calgary DETACHED Nov1 Nov17 Y/Y % Change 1 17 17 Y/Y % Change Total Sales 77 875 1.7% 1,37 11, 5.8% Total Sales Volume $3,785,3 $,789,95 7.8% $5,815,17,189 $,7,71,81 7.9% New Listings 1, 1,1 5.5% 17,39 18,1 5.89% Inventory,37,758 18.5%,89,815.% Months of Supply 3. 3.15 5.11%.91.7.99% Sales to New Listings Ratio 73.7% 77.99%.9% 1.15%.91%.% Sales to List Price Ratio 9.9% 97.%.3% 97.% 97.55%.51% Days on Market 5 8.95% 38 9.5% Benchmark Price $98,9 $5, 1.% $51,98 $55,35.7% Median Price $85, $5,.1% $79, $9,5.8% Average Price $557,713 $533,7.35% $5,93 $559,3.33% Index 5 7 1.3% 7.7% APARTMENT Total Sales 195 3 1.3%,58,99.1% Total Sales Volume $58,53,88 $1,787,19.3% $79,35,11 $793,55,33.1% New Listings 55 1.98%,71,95 3.78% Inventory 1,3 1,91.1% 1,515 1,39 8.18% Months of Supply 7.3.9 8.95%..8 3.1% Sales to New Listings Ratio.8% 5.% 7.1% 38.5% 38.81%.31% Sales to List Price Ratio 95.5% 95.7%.31% 9.33% 9.37%.% Days on Market 58 5 13.1% 5 59 5.3% Benchmark Price $8,7 $58,3 3.87% $75,73 $,.3% Median Price $55, $5, 1.9% $9,9 $, 3.7% Average Price $97,71 $77,73.93% $37,878 $9,7.51% Index 18 179 3.87% 19 183.% ATTACHED Total Sales 55 313.75% 3,51 3,91 8.9% Total Sales Volume $13,71,11 $13,,9 18.85% $1,3,9,5 $1,15,8,53 1.% New Listings 8 93 5.3% 7,18 7,533.9% Inventory 1,8 1,1 15.31% 1,39 1,7.77% Months of Supply.8.5.%.1 3.91 7.11% Sales to New Listings Ratio 5.9% 3.9% 9.% 5.85% 5.58% 1.73% Sales to List Price Ratio 97.1% 97.1%.13% 97.11% 97.3%.% Days on Market 59 5 8.% 9 9.% Benchmark Price $38,9 $33,9 1.% $333, $33,57.1% Median Price $35, $335,.9% $3,5 $33,5.9% Average Price $,7 $393,81 3.17% $,8 $7,889 1.7% Index 195 197 1.3% 197 197.1% CITY OF CALGARY Total Sales 1, 1,11 15.9% 1,88 17,88.% Total Sales Volume $59,58,3 $51,839,571 9.% $8,7,99,31 $8,85,895,58 7.59% New Listings 1,985,1 3.83% 31,77 3,98 5.1% Inventory,987 5,5 13.% 5,7 5,81.% Months of Supply.7.1 1.3% 3.73 3.1 3.3% Sales to New Listings Ratio 1.7% 8.%.7% 53.93% 5.33%.% Sales to List Price Ratio 9.8% 97.5%.5% 9.98% 97.%.% Days on Market 5 5.55%.35% Benchmark Price $3,7 $3,7.% $38,973 $38,7.17% Median Price $, $1, 3.9% $5, $3, 1.5% Average Price $8,95 $1,97.7% $78,598 $85,788 1.5% Index 1.5%.18% For a list of definitions, see page. CREB Monthly Statistics City of Calgary
Summary Stats City of Calgary 17 CITY OF CALGARY SEMIDETACHED Nov1 Nov17 Y/Y % Change 1 17 Y/Y % Change Total Sales 11 1 1.5% 1,5 1,78.3% Total Sales Volume $5,81, $,18,53 13.98% $791,85,85 $81,73,17 8.8% Share of Sales with Condo Title 19.% 15.87% 3.77% 1.9% 1.7%.% New Listings 193 19 1.55%,91 3, 3.% Inventory 55 555 1.98% 53 53.5% Months of Supply.. 8.% 3.5 3.33.1% Sales to New Listings Ratio 58.3%.9%.5% 55.77% 57.5% 1.8% Sales to List Price Ratio 9.89% 97.5%.3% 97.1% 97.8%.37% Days on Market 5 1.% 5.17% Benchmark Price $, $17,8 3.% $,3 $,9.11% Median Price $7,5 $39, 7.37% $393,75 $3,75.5% Average Price $5,513 $59,115 1.31% $87,93 $98,53.33% Index 3 9 3.% 11.1% CITY OF CALGARY ROW Total Sales 13 187 3.77%,,33 1.% Total Sales Volume $7,8,71 $59,113,9.% $71,39,8 $753,975,319 1.% Share of Sales with Condo Title 9.5% 9.5% 1.85% 9.7% 9.8%.73% New Listings 75 97 8.%,,531.1% Inventory 773 81 11.38% 873 88 1.7% Months of Supply 5.1. 1.8%.7.35 8.1% Sales to New Listings Ratio 5.%.9% 1.9% 7.9% 9.8% 1.79% Sales to List Price Ratio 97.% 9.75%.8% 97.11% 97.13%.% Days on Market 58 55.1% 5 51 1.9% Benchmark Price $3,9 $33,1.7% $39,1 $99,573 3.1% Median Price $31, $9,.5% $31, $39,5.1% Average Price $331,9 $31,117.9% $331,51 $337,51 1.85% Index 19 19.5% 19 188 3.11% CITY OF CALGARY ATTACHED Total Sales 55 313.75% 3,51 3,91 8.9% Total Sales Volume $13,71,11 $13,,9 18.85% $1,3,9,5 $1,15,8,53 1.% Share of Sales with Condo Title.75%.9%.31% 59.5%.88%.1% New Listings 8 93 5.3% 7,18 7,533.9% Inventory 1,8 1,1 15.31% 1,39 1,7.77% Months of Supply.8.5.%.1 3.91 7.11% Sales to New Listings Ratio 5.9% 3.9% 9.% 5.85% 5.58% 1.73% Sales to List Price Ratio 97.1% 97.1%.13% 97.11% 97.3%.% Days on Market 59 5 8.% 9 9.% Benchmark Price $38,9 $33,9 1.% $333, $33,57.1% Median Price $35, $335,.9% $3,5 $33,5.9% Average Price $,7 $393,81 3.17% $,8 $7,889 1.7% Index 195 197 1.3% 197 197.1% For a list of definitions, see page. CREB Monthly Statistics City of Calgary 3
Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change November 17 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 87 139.59% 381.38 $87,8 3.3%.% North East 17 1 5.% 3 3.77 $377,8 1.79% 1.1% North 13 15 8.% 5 3.13 $33,.9%.8% North West 117 15 8.9% 3.5 $58,.53%.15% West 8 111 75.8% 8 3. $737, 5.9%.% South 178 9 85.17% 5.9 $7,9.%.57% South East 13 155 87.7% 3.9 $,.5%.7% East 31 3 91.18% 73.35 $35,.%.8% TOTAL CITY 875 1,1 77.99%,758 3.15 $5, 1.%.3% Apartment City Centre 19 5.91% 73.8 $8, 3.8% 1.18% North East 1 8 35.71% 8 8. $9,8 3.1%.5% North 1 1.5% 81 5. $1,7.5%.57% North West 3 37.1% 1 5.3 $3,.9%.53% West 15 1 3.59% 1 9.7 $9,.% 1.79% South 57 38.% 18 8.3 $7,9 5.59%.% South East 1 5.% 11.81 $37,8.7%.9% East 7 9 77.78% 3 5.1 $191,8 5.%.% TOTAL CITY 3 5.% 1,91.9 $58,3 3.87% 1.% Semidetached City Centre 38 71 53.5% 17 5.71 $7,5.1%.% North East 1 5.5% 7 7. $99,9 1.%.% North 1 1.7% 35.5 $317,3.7%.91% North West 13 5.17% 59.5 $391,8 5.38%.5% West 1 15 1.7% 55 3. $517,1 5.3%.79% South 1 17 13.53% 55. $33,5.97%.17% South East 11 18 1.11% 35 3.18 $319,1.31%.75% East 3 8 37.5% 7 9. $3,.97%.5% TOTAL CITY 1 19.9% 555. $17,8 3.%.9% Row City Centre 3 5 55.38% 191 5.31 $8,3 5.8%.33% North East 18 3 5.9% 11.11 $7,1 3.%.58% North 1 39 53.85% 1.95 $3,.73% 1.31% North West 5 7 9.59% 8 3. $39, 1.8%.3% West 7 31 87.1% 13 3.81 $3,9.9% 1.3% South 9 53.% 13 5.8 $5,.5% 1.7% South East 7 7.5% 1 3.7 $9,.78%.7% East 7 1 58.33% 35 5. $183,.13% 3.1% TOTAL CITY 187 97.9% 81. $33,1.7%.% *Total city figures can include activity from areas not yet represented by a community / district 17 CREB Monthly Statistics City of Calgary
District Trends 17 TOTAL SALES,5 NOVEMBER, 1,5 1, 5 '3 ' '5 ' '7 '8 '9 '1 City Centre South East South West North West North North East East '11 '1 '13 '1 '15 TOTAL INVENTORY NOVEMBER 8, 7,, 5,, 3,, 1, '3 ' '5 ' '7 '8 '9 '1 '11 '1 '13 City Centre South East South West North West North North East East '1 '15 MONTHS OF SUPPLY 1. 9. 8. 7.. 5.. 3.. 1. Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary NOVEMBER CREB Monthly Statistics City of Calgary
Price Comparisons 17 BENCHMARK PRICE NOVEMBER 9, 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON NOVEMBER 8% % % % % % % % 8% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms 3 3 3 3 3 3 3 3 Year Built 1951 1985 1997 199 1997 1983 1999 197 1991 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics City of Calgary 5
District Graphs TOTAL INVENTORY BY PRICE RANGE NOVEMBER 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE NOVEMBER 35 3 5 17 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East 15 1 5 <$, $, $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 NOVEMBER 3 SHARE OF CITY WIDE SALES NOVEMBER 1% 5 15 1 5 3 38 1 1 7 5 1 11 19 1 13 1 18 3 7 1 1 1 15 178 17 13 117 13 87 8 31 City Centre North East North North West West South South East East 1% 8% % % % % 19% 3% 1% 11% 13% 17% 1% 1% 9% 1% 11% 1% 9% 1% 8% 13% 7% 1% 9% % 7% 1% 1% % 1% 13% 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 City of Calgary 7
City of Calgary Total Residential 17 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. 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 1,9,115,13 1, 1,595 1, 1,7 1,11 New Listings,383,59 3, 3,95 3,8 3,753,978 3, 3,3,8,1 Inventory,11,5 5,1 5,518,13,9,9,19,881,7 5,5 Days on Market 53 8 39 37 38 3 5 5 5 5 Benchmark Price 33, 33, 3,3 35, 39,3 1,5 3,,3 1,5 38,9 3,7 Median Price 5, 8, 35, 5, 8, 5,5 5, 8, 3, 15, 1, Average Price 7,59 8,78 9,98 95, 5,3 5,889 78,155 78,8 85,1 75,19 1,97 Index 1 3 3 1 Nov1 Nov17 1 17 CALGARY TOTAL SALES 11/1/1 11/1/17 11/1/1 11/1/17 >$1, 1 3 $1, $199,999 8 88 513 73 $, $99,999 183 19,395,37 $3, $ 39,999 13 15 1,89 1,893 $35, $399,999 1 5,1,3 $, $9,999 157 17,7,193 $5, $99,999 11 15 1,753 1,813 $5, $59,999 9 1 1,38 1,98 $55, $599,999 8 79 1,9 1,1 $, $9,999 5 78 89 $5, $99,999 37 555 7 $7, $799,999 5 59 71 853 $8, $899,999 3 31 39 51 $9, $999,999 15 1 8 5 $1,, $1,9,999 57 33 $1,5, $1,99,999 1 11 1 153 $1,5, $1,79,999 5 5 7 9 $1,75, $1,999,999 5 38 $,, $,99,999 35 $,5, $,999,999 13 17 $3,, $3,99,999 $3,5, $3,999,999 1 3 $,, + 1, 1,11 1,88 17,88 CITY OF CALGARY TOTAL SALES BY PRICE RANGE 7,, 5,, 3,, 1, <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 NOVEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 8
CITY OF CALGARY TOTAL SALES NOVEMBER CITY OF CALGARY TOTAL NEW LISTINGS City of Calgary Total Residential 17 NOVEMBER 3, 5, 5, 5,,, 35, 3, 15, 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 8, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 15% 1% 5% % 5% 1% 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
City of Calgary Detached 17 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. 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 1,19 1,37 1,381 1,11 983 919 91 875 New Listings 1,9 1,93 1,79 1,81,39,15 1,88 1,7 1,87 1,8 1,1 Inventory 1,88 1,995,3,53,9 3,7 3,8 3,77 3,9 3,5,758 Days on Market 38 3 31 3 38 8 Benchmark Price 98,7 99, 5, 5,3 5,7 59, 51,1 51,9 58,9 5, 5, Median Price 85, 9,5 9, 5,5 51, 513, 95, 91, 8,5 7,5 5, Average Price 55,3 557,1 571,75 5, 58,59 59,8 553,3 55,7 55,3 5,88 533,7 Index 5 5 5 8 9 1 1 9 8 7 Nov1 Nov17 1 17 CALGARY TOTAL SALES 11/1/1 11/1/17 11/1/1 11/1/17 >$1, $1, $199,999 1 5 $, $99,999 1 11 $3, $ 39,999 57 73 9 71 $35, $399,999 1 155 1,577 1,51 $, $9,999 13 1 1,99 1,783 $5, $99,999 11 15 1,51 1,57 $5, $59,999 85 9 1,73 1,31 $55, $599,999 71 7 95 1,1 $, $9,999 9 7 55 73 $5, $99,999 7 3 18 587 $7, $799,999 53 38 $8, $899,999 7 3 317 391 $9, $999,999 11 1 18 197 $1,, $1,9,999 19 19 79 $1,5, $1,99,999 1 9 135 133 $1,5, $1,79,999 5 5 7 5 $1,75, $1,999,999 5 35 3 $,, $,99,999 3 3 $,5, $,999,999 1 17 $3,, $3,99,999 $3,5, $3,999,999 1 3 $,, + 1 77 875 1,37 11, CITY OF CALGARY DETACHED SALES BY PRICE RANGE 5,,5, 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 NOVEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY DETACHED SALES NOVEMBER CITY OF CALGARY DETACHED NEW LISTINGS City of Calgary Detached 17 NOVEMBER 18, 3, 1, 1, 5, 1,, 1, 8, 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 515, 51, 55, 5, 95, 9, 5 3 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
City of Calgary Apartment 17 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. 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 3 New Listings 583 7 91 78 79 1 8 51 Inventory 1,7 1,391 1,579 1,5 1,78 1,87 1,81 1,78 1,773 1,39 1,91 Days on Market 8 5 9 55 55 59 5 7 5 Benchmark Price 5,,3,9,3, 5,8, 3,3 3,7 1, 58,3 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 9,59 77,73 Index 183 183 183 183 185 18 18 18 183 181 179 Nov1 Nov17 1 17 CALGARY TOTAL SALES 11/1/1 11/1/17 11/1/1 11/1/17 >$1, $1, $199,999 37 393 55 $, $99,999 95 8 1,19 1,15 $3, $ 39,999 7 3 387 388 $35, $399,999 15 18 51 5 $, $9,999 11 115 18 $5, $99,999 3 9 77 78 $5, $59,999 3 3 5 5 $55, $599,999 5 37 3 $, $9,999 1 5 $5, $99,999 1 17 15 $7, $799,999 8 1 $8, $899,999 1 5 7 $9, $999,999 3 8 $1,, $1,9,999 1 5 $1,5, $1,99,999 5 3 $1,5, $1,79,999 1 $1,75, $1,999,999 1 $,, $,99,999 1 3 $,5, $,999,999 1 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 195 3,58,99 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 1 15 1 17 $, $99,999 NOVEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY APARTMENT SALES NOVEMBER City of Calgary CITY OF CALGARY APARTMENT NEW LISTINGS Apartment 17 NOVEMBER 5, 9,,5, 3,5 3,,5, 1,5 1, 5 8, 7,, 5,, 3,, 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 8,,,,, 58, 5, 5, 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% % 5% 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
City of Calgary SemiDetached 17 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. 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 1 New Listings 199 3 31 9 33 31 79 8 31 8 19 Inventory 37 3 5 55 517 5 589 583 17 1 555 Days on Market 1 53 5 5 Benchmark Price,8 18, 3, 5, 7,9 3,1,8 19, 19, 19, 17,8 Median Price 375, 38,858 39, 3,75 5,5, 395, 39, 3, 39, 39, Average Price 8,59 77,85 9,91 5,3 95,85 513,11 51,73 77,1 55,1 9,55 59,115 Index 1 1 13 1 1 11 1 1 1 9 Nov1 Nov17 1 17 CALGARY TOTAL SALES 11/1/1 11/1/17 11/1/1 11/1/17 >$1, $1, $199,999 3 11 $, $99,999 1 1 35 $3, $ 39,999 1 18 73 5 $35, $399,999 3 31 318 $, $9,999 8 7 117 11 $5, $99,999 7 7 $5, $59,999 3 5 $55, $599,999 7 55 59 $, $9,999 7 3 83 1 $5, $99,999 9 1 19 81 $7, $799,999 1 13 1 18 $8, $899,999 7 7 71 113 $9, $999,999 1 3 $1,, $1,9,999 3 5 3 1 $1,5, $1,99,999 1 8 $1,5, $1,79,999 1 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, + 11 1 1,5 1,78 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 8 7 5 3 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 1 15 1 17 $, $99,999 NOVEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY SEMIDET. SALES,5, 1,5 1, 5 NOVEMBER CITY OF CALGARY SEMIDET. NEW LISTINGS City of Calgary SemiDetached 17 NOVEMBER 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 35, 3, 5,, 15, 1, 5,, 395, 39, 8 7 5 3 1 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
City of Calgary Row 17 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. 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 1 187 188 18 187 New Listings 331 37 17 7 55 518 397 375 97 Inventory 19 8 77 8 98 1,1 1,13 991 997 99 81 Days on Market 3 8 51 57 5 7 9 5 5 53 55 Benchmark Price 3, 91, 9, 93, 9, 9, 3,7 37, 3,9 35, 33,1 Median Price 35, 311, 33, 39, 31, 31, 38,5 35,5 319, 31, 9, Average Price 31,553 33,55 3,8 35,371 338,5 33,5 333,5 37,5 3,187 35,39 31,117 Index 19 183 183 18 183 18 19 19 19 191 19 Nov1 Nov17 1 17 CALGARY TOTAL SALES 11/1/1 11/1/17 11/1/1 11/1/17 >$1, 1 1 $1, $199,999 8 18 1 $, $99,999 51 7 759 83 $3, $ 39,999 3 31 5 58 $35, $399,999 1 3 $, $9,999 11 1 19 11 $5, $99,999 7 59 9 $5, $59,999 7 $55, $599,999 $, $9,999 1 3 $5, $99,999 11 19 $7, $799,999 13 17 $8, $899,999 3 5 $9, $999,999 $1,, $1,9,999 1 8 $1,5, $1,99,999 1 9 $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 $,, + 13 187,,33 CITY OF CALGARY ROW SALES BY PRICE RANGE 1, 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 NOVEMBER $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY ROW SALES 3,5 3,,5, 1,5 1, 5 NOVEMBER CITY OF CALGARY ROW NEW LISTINGS City of Calgary Row 17 NOVEMBER, 5,, 3,, 1, 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 85, 8, 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 15% 1% 5% % 5% 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY ROW PRICES, 38, 3, 3, 3, 3, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 17
CITY CENTRE CITY CENTRE TOTAL SALES, 5,, 3,, 1, 7 8 9 CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES 1 11 1 13 1 NOVEMBER 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average CITY CENTRE TOTAL SALES BY PRICE RANGE 1 9 8 7 5 3 1 1 15 1 17 City of Calgary 17 NOVEMBER CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY, 1,8 1, 1, 1, 1, 8 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 515, 51, 55, 5, 95, 9, 1 1 1 8 Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE % 15% 1% 5% % 5% 1% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change CITY CENTRE PRICES 9, 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 18
City of Calgary NORTHEAST NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES NORTHEAST TOTAL SALES NOVEMBER 3,5 1 NORTHEAST TOTAL SALES BY PRICE RANGE 17 NOVEMBER 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 1 8 1 15 1 17 NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY 9 8 7 5 3 1 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 3, 358, 35, 35, 35, 35, 38, 3, 3, 5 3 1 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
City of Calgary NORTH NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES NOVEMBER 3, 1 NORTH TOTAL SALES BY PRICE RANGE 17 NOVEMBER,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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 5,, 395, 39, 385, 38, 5 3 1 Months of Supply Trended 1month moving average NORTH 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 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
City of Calgary NORTHWEST NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES, 3,5 NOVEMBER 8 7 NORTHWEST TOTAL SALES BY PRICE RANGE 17 NOVEMBER 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 9, 85, 8, 75, 7, 5,, 55, 7 5 3 1 Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 15% 1% 5% % 5% 1% 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
City of Calgary WEST WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES WEST TOTAL SALES NOVEMBER 3, WEST TOTAL SALES BY PRICE RANGE 17 NOVEMBER,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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 575, 57, 55, 5, 555, 55, 55, 5, 535, 53, 55, 1 9 8 7 5 3 1 Months of Supply Trended 1month moving average WEST 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 WEST PRICES 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
City of Calgary SOUTH SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES SOUTH TOTAL SALES NOVEMBER, 1 SOUTH TOTAL SALES BY PRICE RANGE 17 NOVEMBER 5,, 3,, 1, 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 SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 8 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct., 18, 1, 1, 1, 1, 8,,, 5 3 1 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
City of Calgary SOUTHEAST SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES SOUTHEAST TOTAL SALES NOVEMBER 3,5 1 SOUTHEAST TOTAL SALES BY PRICE RANGE 17 NOVEMBER 3,,5, 1,5 1, 5 1 8 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 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 3, 8,,,,, 18, 1, 1, 5 3 1 Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE % 15% 1% 5% % 5% 1% 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
City of Calgary EAST EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES EAST TOTAL SALES NOVEMBER 1, EAST TOTAL SALES BY PRICE RANGE 17 NOVEMBER 1, 8 7 8 9 1 11 1 13 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 35 3 5 15 1 5 1 15 1 17 EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY 3 5 15 1 5 Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Inventory Sales Benchmark Price Oct. 38, 3, 3, 3, 3, 98, 9, 9, 8 7 5 3 1 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
CREB Definitions 17 11 1 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