August 17 17
Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines City of Calgary, September 1, 17 Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated. Inventories totaled, units, where over half were comprised of attached and apartment style properties. While inventories were 1 per cent higher than August 1 levels, the slight rise in sales prevented further gains in the monthsofsupply, which remain just above four months. Employment growth is contributing to the stability in sales activity, but it is not enough to meet the recent rise in listings and make a substantial dent in inventory levels, said CREB chief economist AnnMarie Lurie. Unemployment rates remain elevated and job growth is mostly occurring outside the energy sector, slowing the recovery process. Broader economic improvements will be required prior to it translating into substantial improvements in the housing market. The second month of higher inventories compared to sales weighed on prices for the month. The unadjusted city wide benchmark price totaled $, in August. This is. percent below last month, but remains nearly one per cent above last year s levels. Overall total residential prices remain four per cent below peak levels. Buyers have several options in this market, and sellers need to continue to be realistic regarding the price they expect to receive for their home, said CREB president David P. Brown. While some of the buyers are reentering the market, they are also considering all of their options prior to making a commitment. The pace of growth in detached sales has closely matched new listings this year. However, inventory levels continue to remain at,8 and months of supply pushed up to.. Recent gains in monthsofsupply prevented further gains in prices this month. Detached prices totaled $51,9 in August. This is slightly lower than last month, but 1.5 per cent above last year s levels. With over seven monthsofsupply, the excess supply continues to weigh heavily on the apartment condominium sector. As of August, the benchmark price totaled $,. This is one per cent below last month and three per cent below last year s levels. Downward price pressure in this sector is expected as supply levels remain elevated in the new, resale and rental market. MONTHLY STATISTICS PACKAGE City of Calgary HOUSING MARKET FACTS 17 Inventories rose across all districts in August. The largest number of units added occurred in the City Centre and all North districts. The rise in City Centre inventories was primarily caused by gain in higher density product, while gains in all North districts was mostly due to detached activity. Detached prices vary significantly by district, with the highest prices recorded in the West end at $78,9 and the lowest prices in the East district at $5,7. Overall prices appear to be stabilizing in most districts, with stronger price gains recorded in the City Centre and West districts. Apartment price declines continue to occur across all districts. Declines averaged from a low of.5 per cent in the West district to a high of. per cent in the North district. The City Centre contains the most apartment style product. Within the City Centre, yeartodate apartment prices have fallen by nearly four per cent compared to 1, while 1 recorded an annual decline of nearly 1 per cent below 1 peak levels. Attached prices were relatively stable at $, in August. This is similar to last month, but 1.5 per cent higher than last year. Despite recent growth for the row segment, August row prices remain well below peak at.8 per cent. Semidetached prices are only.9 per cent below peak pricing. *See district map on last page. MONTHS OF SUPPLY AND PRICE CHANGES 1 9 8 7 5 1 RESIDENTIAL 7% % 5% % % % 1% % 1% % Months of Supply 1 month trend Y/Y Benchmark Price Change CREB Monthly Statistics City of Calgary
Summary Stats City of Calgary Aug1 Aug17 Y/Y % Change 1 17 17 Y/Y % Change DETACHED Total Sales 98 987.1% 7,887 8,5 8.% Total Sales Volume $5,151,1 $5,7,.1% $,5,85,15 $,8,9,8 11.% New Listings 1,58 1,77 9.75% 1,9 1,95.5% Inventory,78,8.%,89,8 7.8% Months of Supply.78. 19.75%.9.5 1.9% Sales to New Listings Ratio.% 58.8% 5.8% 59.8% 1.1%.1% Sales to List Price Ratio 97.18% 97.9%.% 97.% 97.%.1% Days on Market 1 1.95% 1.9% Benchmark Price $5, $51,9 1.51% $5, $5,9.58% Median Price $7,5 $9,.81% $8, $99,8.1% Average Price $5,71 $551,8 1.7% $55,8 $5,997.% Index 7 1 1.5% 7.58% APARTMENT Total Sales 7 8 7.1% 1,95, 5.1% Total Sales Volume $8,59,851 $71,,8 15.7% $,5,875 $5,,75.% New Listings 1 5.71% 5,1 5,8 5.5% Inventory 1,577 1,78 1.11% 1,55 1,1 9.% Months of Supply 5.91 7.1.7%..5.71% Sales to New Listings Ratio.% 8.5%.89% 7.9% 7.81%.1% Sales to List Price Ratio 9.% 9.19%.% 9.% 9.7%.% Days on Market.7% 5 57 1.79% Benchmark Price $71,7 $,.9% $7,95 $5,5.9% Median Price $71,5 $55,.8% $71,8 $,.19% Average Price $1,8 $87, 9.1% $11,9 $97,8.58% Index 188 18.9% 19 18.8% ATTACHED Total Sales 7 1.9%,9,99 11.% Total Sales Volume $1,7,59 $15,7, 18.7% $1,85,97,87 $1,1,,58 1.55% New Listings 8 1.9% 5,5 5,58.8% Inventory 1,7 1,57 1.7% 1,7 1,1.1% Months of Supply.9.9.1%.. 1.11% Sales to New Listings Ratio 51.5% 5.5%.5% 8.95% 5.88%.9% Sales to List Price Ratio 97.% 97.19%.7% 97.1% 97.5%.% Days on Market 5 19.% 8 8.% Benchmark Price $1, $, 1.8% $,5 $1,788.7% Median Price $, $5,5 5.8% $,7 $5,.9% Average Price $9, $1,1.5% $,78 $8,1 1.% Index 19 199 1.8% 198 19.7% CITY OF CALGARY Total Sales 1,57 1,.% 1,51 1,59 8.5% Total Sales Volume $7,81,5 $7,5,5.9% $5,99,715,851 $,,5,89 1.7% New Listings,7,8 8.75%,955,988.1% Inventory 5,79, 1.% 5,88 5,8.7% Months of Supply..1 1.1%.7. 9.9% Sales to New Listings Ratio 5.7% 5.%.5% 5.5% 5.% 1.97% Sales to List Price Ratio 97.8% 97.1%.% 9.98% 97.7%.9% Days on Market 8.8% 5.7% Benchmark Price $8, $,.8% $9,788 $7,95.% Median Price $18,5 $8,.7% $5, $7,5.9% Average Price $7,19 $78,11.87% $78,88 $89,59.% Index.8%.% For a list of definitions, see page. CREB Monthly Statistics City of Calgary
Summary Stats City of Calgary 17 CITY OF CALGARY SEMIDETACHED Aug1 Aug17 Y/Y % Change 1 17 Y/Y % Change Total Sales 18 179 9.71% 1,19 1,1 1.% Total Sales Volume $,51,9 $85,,97 7.58% $58,78,58 $55,, 1.5% Share of Sales with Condo Title 15.% 19.55%.% 15.8% 15.%.% New Listings 7 81 18.57%,,1.9% Inventory 5 585 1.5% 5 98 7.7% Months of Supply..7 1.1%.. 1.7% Sales to New Listings Ratio 58.%.7% 5.7% 5.5% 58.7% 5.7% Sales to List Price Ratio 97.5% 97.8%.% 97.1% 97.51%.8% Days on Market 7 8.% 5.% Benchmark Price $, $19,.5% $,85 $1,8.5% Median Price $91, $95, 1.% $95, $1,95 1.7% Average Price $8,981 $75, 1.% $89,71 $97,9 1.7% Index 1.% 11.5% CITY OF CALGARY ROW Total Sales 18 188.% 1,5 1,7 11.58% Total Sales Volume $,8, $5,,5 8.9% $51,59,85 $55,98, 1.89% Share of Sales with Condo Title 9.8% 9. 1.9% 9.9% 95.7% 1.1% New Listings 85 5 5.19%,7,17.7% Inventory 87 991 1.5% 887 8.75% Months of Supply.79 5.7 1.%.7.1 1.8% Sales to New Listings Ratio 7.7%.%.85% 5.88% 9.5%.17% Sales to List Price Ratio 9.98% 9.8%.1% 97.11% 97.1%.5% Days on Market 55 5 1.7% 51 51.% Benchmark Price $5,9 $7,.% $11,18 $97,58.7% Median Price $1, $5,75 1.7% $1,75 $9,.% Average Price $,1 $8,1 5.5% $,79 $7,97 1.17% Index 19 19.7% 195 18.7% CITY OF CALGARY ATTACHED Total Sales 7 1.9%,9,99 11.% Total Sales Volume $1,7,59 $15,7, 18.7% $1,85,97,87 $1,1,,58 1.55% Share of Sales with Condo Title 59.8% 57.77%.71% 59.5%.19% 1.1% New Listings 8 1.9% 5,5 5,58.8% Inventory 1,7 1,57 1.7% 1,7 1,1.1% Months of Supply.9.9.1%.. 1.11% Sales to New Listings Ratio 51.5% 5.5%.5% 8.95% 5.88%.9% Sales to List Price Ratio 97.% 97.19%.7% 97.1% 97.5%.% Days on Market 5 19.% 8 8.% Benchmark Price $1, $, 1.8% $,5 $1,788.7% Median Price $, $5,5 5.8% $,7 $5,.9% Average Price $9, $1,1.5% $,78 $8,1 1.% Index 19 199 1.8% 198 19.7% For a list of definitions, see page. CREB Monthly Statistics City of Calgary
Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change August 17 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 89 18 8.9%.88 $9,7.%.77% North East 18 5.% 9.59 $8,.1%.5% North 17 55.89% 88. $,.1% 1.% North West 15 9 7.7% 87.55 $55,5.9%.79% West 11 17.7% 7.91 $78,9 5.8%.8% South 19 9 58.97% 599.9 $8, 1.8%.1% South East 15 1.%.8 $5,9 1.89%.55% East 8 9 57.1% 17.8 $5,7 1.1%.8% TOTAL CITY 987 1,77 58.8%,8. $51,9 1.51%.% Apartment City Centre 1.87% 8 7.98 $8,8.9% 1.8% North East 1 9.8% 87 8.7 $,.1% 1.1% North 1.7% 1 7. $,1.% 1.59% North West 58.8% 15 5.58 $,8.% 1.% West 8 7.% 18. $57,1.78%.7% South 7 77 8.5%. $,7.9%.7% South East 5.7% 15 5.8 $5, 1.1% 1.% East 5 1.7% 5 1.8 $19,1 7.9%.% TOTAL CITY 8 5 8.5% 1,78 7.1 $,.9% 1.9% Semidetached City Centre 9 7.78% 5.19 $757, 5.%.% North East 18 1.8% 7. $8,7 1.5%.1% North 8 11.7% 8 1. $5,8.1% 1.% North West 1 7.% 5.7 $88,7.8%.7% West 17 5.% 5.9 $5, 5.77%.% South 9 87.88% 7.1 $5,.5%.% South East 1 15.85% 1 1.55 $,.5%.% East 15.% 1 1.7 $,5.%.7% TOTAL CITY 179 81.7% 585.7 $19,.5%.9% Row City Centre 51.5% 17.91 $85,.5%.5% North East 1 5 5.5% 11 7.5 $11,9 1.7% 1.% North 7 8.9% 117 5.9 $,1 1.%.78% North West.% 1. $11,5.%.% West 5 5 8.8% 19 5.1 $5,.% 1.% South 9 5 5.7% 15 5.8 $7, 1.% 1.% South East 5 58.9% 19.91 $9,.%.% East.% 7.17 $189,.8%.59% TOTAL CITY 188 5.% 991 5.7 $7,.%.1% *Total city figures can include activity from areas not yet represented by a community / district 17 CREB Monthly Statistics City of Calgary
District Trends 17 TOTAL SALES,5 AUGUST, 1,5 1, 5 ' ' '5 ' '7 '8 '9 '1 City Centre South East South West North West North North East East '11 '1 '1 '1 '15 TOTAL INVENTORY AUGUST 9, 8, 7,, 5,,,, 1, ' ' '5 ' '7 '8 '9 '1 '11 '1 '1 City Centre South East South West North West North North East East '1 '15 MONTHS OF SUPPLY AUGUST 1. 1. 1. 1. 8.... Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics City of Calgary
Price Comparisons 17 BENCHMARK PRICE AUGUST 8, 7,, 5,,,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON AUGUST 8% % % % % % % % 8% 1% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1, 1,17 1,8 1,51 1,7 1,5 1,8 1,91 1,1 Lot Size 5,58,7,9 5,8 5,5 5,,7,85,98 Above Ground Bedrooms Year Built 1951 1985 1997 199 1997 198 1999 197 1991 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics City of Calgary 5
District Graphs TOTAL INVENTORY BY PRICE RANGE AUGUST 1, 1, TOTAL SALES BY PRICE RANGE AUGUST 5 17 1, 1, 8 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East 5 5 15 1 5 <$, $, $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 SALES BY PROPERTY TYPE AUGUST 5 SHARE OF CITY WIDE SALES AUGUST 1% 5 15 1 5 9 9 7 1 8 5 1 17 1 1 18 8 1 19 17 15 15 18 11 89 8 City Centre North East North North West West South South East East 9% 8% 7% % 5% % % % 1% % 18% % 1% 1% 1% 18% 1% 1% % 9% 1% 11% 9% 1% 1% 9% % 11% % 11% % 9% 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. Sept. Oct. Nov. Dec. 1 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 75 1,1 1,59 1,78 1,9,9 1,7 1,57 1,79 1,7 1, 99 New Listings,7,97,5,17,17,98,8,7,97,1 1,985 99 Inventory 5, 5,8,1,51,177,1 5,78 5,79 5,881 5,1,987,7 Days on Market 51 7 5 5 Benchmark Price 5,1, 9,9 8, 7, 7,8 8, 8, 8, 7,5,7,1 Median Price 7,5,,5,,75, 9,5 18,5,5 1,, 5, Average Price 5,889 7,9 8, 7,91 91,8 85,8 85,85 7,19 9, 1,5 8,95 9,71 Index 5 1 17 1/1/17 /1/17 /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 9 1, 1,89 1,9,111,18 1,9 1, New Listings,8,59,,95,85,755,981,8 Inventory,11,5 5,1 5,518,18,7,7, Days on Market 5 8 9 7 8 8 Benchmark Price,,, 5, 9, 1,5,, Median Price 5, 8, 5, 5, 8, 5,5 5, 8, Average Price 7,59 8,78 9,98 95,555 5,1 5,818 78,7 78,11 Index 1 Aug1 Aug17 1 17 CALGARY TOTAL SALES 8/1/1 8/1/17 8/1/1 8/1/17 >$1, 1 1 $1, $199,999 8 7 5 5 $, $99,999 8 1 1,77 1,81 $, $ 9,999 178 17 1,85 1,9 $5, $99,999 5 1,77 1,78 $, $9,999 197 1,711 1,9 $5, $99,999 15 157 1,8 1,5 $5, $59,999 11 17 1,81 1,1 $55, $599,999 9 18 89 98 $, $9,999 57 7 9 $5, $99,999 5 57 11 5 $7, $799,999 5 8 515 8 $8, $899,999 1 5 99 $9, $999,999 8 11 19 $1,, $1,9,999 19 58 $1,5, $1,99,999 1 15 1 15 $1,5, $1,79,999 9 5 $1,75, $1,999,999 7 1 $,, $,99,999 17 $,5, $,999,999 11 15 $,, $,99,999 1 $,5, $,999,999 $,, + 1,57 1, 1,51 1,59 CITY OF CALGARY TOTAL SALES BY PRICE RANGE 5,,5,,5,,5, 1,5 1, 5 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 8
CITY OF CALGARY TOTAL SALES 5,, 15, 1, 5, AUGUST City of Calgary Total Residential 17 CITY OF CALGARY TOTAL NEW LISTINGS AUGUST, 5,, 5,, 15, 1, 5, 7 8 9 1 11 1 1 1 15 1 17 7 8 9 1 11 1 1 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,,,, 1,,,,, 8,,,,, CITY OF CALGARY TOTAL MONTHS OF INVENTORY 7 5 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 8, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 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,,,,, 8,,,, 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. Sept. Oct. Nov. Dec. 1 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 1,19 98 9 1,1 77 59 New Listings 1,87 1,11 1,818 1,8 1,85 1,78 1,87 1,58 1,59 1, 1, 51 Inventory,57,95,9,18,,98,7,78,8,57,7 1,71 Days on Market 9 8 1 9 1 1 5 5 Benchmark Price 5,5 5, 5,9 5,1 99, 5,9 5,1 5, 5, 5,1 98,9 98,9 Median Price 58,75 7,5 8, 8,75 89, 89,5 8, 7,5 9,, 85, 8, Average Price 5,8 51,979 58,81 51,78 558,9 558, 5,5 5,71 5, 59,78 557,71 57,9 Index 8 7 5 5 7 7 5 5 17 1/1/17 /1/17 /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 1,7 1,8 1,1 987 New Listings 1,9 1,9 1,79 1,81,9,1 1,89 1,77 Inventory 1,88 1,995,,51,9,,8,8 Days on Market 8 1 8 Benchmark Price 98,7 99, 5, 5, 5,7 59, 51,1 51,9 Median Price 85, 9,5 9, 5,5 51, 51,5 9, 9, Average Price 55, 557,1 571,75 5,81 58,951 59,1 55,78 551,8 Index 5 5 5 8 9 1 1 Aug1 Aug17 1 17 CALGARY TOTAL SALES 8/1/1 8/1/17 8/1/1 8/1/17 >$1, $1, $199,999 $, $99,999 1 15 17 1 $, $ 9,999 5 77 9 $5, $99,999 17 1 1,1 1,8 $, $9,999 18 157 1,9 1, $5, $99,999 1 15 1,15 1, $5, $59,999 1 119 9 1,1 $55, $599,999 8 97 71 81 $, $9,999 9 58 98 5 $5, $99,999 7 17 75 $7, $799,999 7 91 $8, $899,999 5 9 9 $9, $999,999 15 1 17 $1,, $1,9,999 18 1 18 $1,5, $1,99,999 1 1 97 11 $1,5, $1,79,999 9 5 $1,75, $1,999,999 7 $,, $,99,999 1 $,5, $,999,999 1 1 15 $,, $,99,999 1 $,5, $,999,999 $,, + 1 98 987 7,887 8,5 CITY OF CALGARY DETACHED SALES BY PRICE RANGE,,5,,5, 1,5 1, 5 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY DETACHED SALES 1, 1, 1, 8,,,, AUGUST City of Calgary Detached 17 CITY OF CALGARY DETACHED NEW LISTINGS AUGUST 5,, 15, 1, 5, 7 8 9 1 11 1 1 1 15 1 17 7 8 9 1 11 1 1 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,5 515,,,5, 1,5 1, 5 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 51, 55, 5, 95, 9, 5 1 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% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change, 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. Sept. Oct. Nov. Dec. 1 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 1 55 7 5 195 1 New Listings 598 79 85 18 1 58 55 Inventory 1,5 1,89 1,59 1,58 1,1 1,5 1,557 1,577 1,51 1,5 1, 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, 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 7,1 98,7,55 1,75 9,1 51,55 1,8, 88,9 97,71,55 Index 19 19 19 19 19 191 19 188 188 187 18 18 17 1/1/17 /1/17 /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 5 97 8 8 8 5 8 New Listings 58 7 91 78 79 1 5 Inventory 1,7 1,91 1,579 1,5 1,78 1,87 1,81 1,78 Days on Market 8 5 9 55 55 59 Benchmark Price 5,,,9,, 5,8,, Median Price 58,5 75, 51,5 7, 7, 7, 57,75 55, Average Price 8,9 1,98 8,1,1 9,999,1 8, 87, Index 18 18 18 18 185 18 18 18 Aug1 Aug17 1 17 CALGARY TOTAL SALES 8/1/1 8/1/17 8/1/1 8/1/17 >$1, 1 1 $1, $199,999 8 9 7 1 $, $99,999 1 17 91 858 $, $ 9,999 5 97 9 $5, $99,999 191 19 $, $9,999 1 1 9 99 $5, $99,999 9 7 59 5 $5, $59,999 5 8 $55, $599,999 9 $, $9,999 17 $5, $99,999 1 1 1 $7, $799,999 1 7 1 $8, $899,999 5 $9, $999,999 9 $1,, $1,9,999 1 $1,5, $1,99,999 1 $1,5, $1,79,999 1 $1,75, $1,999,999 1 $,, $,99,999 1 $,5, $,999,999 1 1 $,, $,99,999 $,5, $,999,999 $,, + 1 7 8 1,95, CITY OF CALGARY APARTMENT SALES BY PRICE RANGE 1,8 1, 1, 1, 1, 8 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 1 15 1 17 $, $99,999 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY APARTMENT SALES,,5,,5, 1,5 1, 5 AUGUST City of Calgary Apartment 17 CITY OF CALGARY APARTMENT NEW LISTINGS AUGUST 7,, 5,,,, 1, 7 8 9 1 11 1 1 1 15 1 17 7 8 9 1 11 1 1 1 15 1 17 Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES, 7, 1,8 7, 1, 7, 1, 1, 8, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1 1 8 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul.,,,, 58, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE 5% % 1% 5% % 5% 1% % 5% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY APARTMENT PRICES,,,, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1
City of Calgary SemiDetached 17 Jan. Feb. Mar. Apr. May Jun. Jul. Sept. Oct. Nov. Dec. 1 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 18 155 1 11 95 New Listings 8 8 89 9 9 1 7 8 19 1 Inventory 51 55 579 58 5 5 5 5 58 78 55 7 Days on Market 7 7 5 1 5 7 5 1 Benchmark Price 8,,8, 1,,,,,,,,, Median Price 77,,5 9, 1, 9, 9, 8,88 91, 5, 75, 7,5 5, Average Price 78,79 9,8 5,81 9,71 5,19 9,57 97,58 8,981 7,7 9,7 5,51 51,91 Index 1 1 1 17 1/1/17 /1/17 /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 8 1 199 5 18 191 17 179 New Listings 199 9 1 81 81 Inventory 7 55 5 5 5 59 585 Days on Market 1 5 8 Benchmark Price,8 18,, 5, 7,9,1,8 19, Median Price 75, 8,858 9, 7,5 5,5, 95, 95, Average Price 8,59 77,85 9,91 5,1 9,8 51,11 51,7 75, Index 1 1 1 1 1 11 1 Aug1 Aug17 1 17 CALGARY TOTAL SALES 8/1/1 8/1/17 8/1/1 8/1/17 >$1, $1, $199,999 1 1 $, $99,999 17 177 $, $ 9,999 7 198 $5, $99,999 5 5 $, $9,999 1 19 8 1 $5, $99,999 7 1 57 51 $5, $59,999 7 9 $55, $599,999 5 8 $, $9,999 5 5 7 $5, $99,999 1 75 1 $7, $799,999 9 1 1 1 $8, $899,999 11 1 55 8 $9, $999,999 5 $1,, $1,9,999 $1,5, $1,99,999 7 $1,5, $1,79,999 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $,, $,99,999 $,5, $,999,999 $,, + 18 179 1,19 1,1 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 5 1 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 1 15 1 17 $, $99,999 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY SEMIDET. SALES 1,8 1, 1, 1, 1, 8 AUGUST City of Calgary SemiDetached 17 CITY OF CALGARY SEMIDET. NEW LISTINGS AUGUST,5, 1,5 1, 5 7 8 9 1 11 1 1 1 15 1 17 7 8 9 1 11 1 1 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 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 5,, 5,, 15, 1, 5,, 95, 9, 8 7 5 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% % % % 1% % 1% % % 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, 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. Sept. Oct. Nov. Dec. 1 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 5 18 181 1 119 New Listings 89 77 9 5 8 5 17 85 1 75 17 Inventory 7 789 91 9 98 987 888 87 89 87 77 57 Days on Market 51 5 9 7 5 51 55 55 5 5 58 58 Benchmark Price 19,8 1,8 1, 1,9 1,1, 5,8 5,9 5,,5,9,1 Median Price 15, 15, 9, 1, 1,5 1,,5 1, 1,, 1, 17,9 Average Price,7, 7,9 5,97 7,7 9, 8,1,1 5,97 19,5 1,9,8 Index 199 19 195 19 19 19 19 191 19 19 19 17 1/1/17 /1/17 /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 1 71 8 15 188 New Listings 1 7 18 7 5 519 97 5 Inventory 19 8 78 87 95 1,1 1,15 991 Days on Market 8 51 57 5 7 9 5 Benchmark Price, 91, 9, 9, 9, 9,,7 7, Median Price 5, 11,, 9, 1, 1, 7, 5,75 Average Price 1,55,55,8 5,71 8,5,5,1 8,1 Index 19 18 18 18 18 18 19 19 Aug1 Aug17 1 17 CALGARY TOTAL SALES 8/1/1 8/1/17 8/1/1 8/1/17 >$1, $1, $199,999 9 19 7 11 $, $99,999 55 8 $, $ 9,999 57 1 1 $5, $99,999 7 19 197 $, $9,999 1 11 99 9 $5, $99,999 5 7 $5, $59,999 5 51 59 $55, $599,999 5 $, $9,999 15 9 $5, $99,999 1 1 7 1 $7, $799,999 1 11 $8, $899,999 1 $9, $999,999 $1,, $1,9,999 1 $1,5, $1,99,999 7 $1,5, $1,79,999 1 $1,75, $1,999,999 1 1 $,, $,99,999 $,5, $,999,999 $,, $,99,999 $,5, $,999,999 $,, + 18 188 1,5 1,7 CITY OF CALGARY ROW SALES BY PRICE RANGE 1, 1, 8 <$, $, $99,999 $, $99,999 $, $99,999 $5, $599,999 $, $99,999 1 15 1 17 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1
CITY OF CALGARY ROW SALES,,5, 1,5 1, 5 AUGUST City of Calgary Row 17 CITY OF CALGARY ROW NEW LISTINGS AUGUST,5,,5,,5, 1,5 1, 5 7 8 9 1 11 1 1 1 15 1 17 7 8 9 1 11 1 1 1 15 1 17 Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 1, 8 1, 5,, 95, 9, CITY OF CALGARY ROW MONTHS OF INVENTORY 8 7 5 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 85, 8, 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 1% 5% % 5% 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY ROW PRICES, 8,,,,, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 17
City of Calgary 17 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES,5,,5,,5, 1,5 1, 5 CITY CENTRE TOTAL SALES BY PRICE RANGE AUGUST AUGUST 8 7 5 1 7 8 9 1 11 1 1 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 15 1 17 CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY, 1,8 1, 1, 1, 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 515, 51, 55, 5, 95, 9, 1 1 1 8 Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE % 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,,,, 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 AUGUST, 1 NORTHEAST TOTAL SALES BY PRICE RANGE 17 AUGUST,5 1, 8 1,5 1, 5 7 8 9 1 11 1 1 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 15 1 17 NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY 9 8 7 5 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 58, 57,5 57, 5,5 5, 55,5 55, 5,5 5, 5,5 5, 5,5 5 1 Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE % 5% % 1% 5% % 5% 1% 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, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19
City of Calgary NORTH NORTH TOTAL SALES,5, 1,5 1, 5 7 8 9 NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES 1 11 1 1 1 15 Detached Apartment Semi Detached AUGUST 1 17 Row 1 Year Average NORTH TOTAL SALES BY PRICE RANGE 9 8 7 5 1 1 15 1 17 17 AUGUST NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY 9 8 7 5 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul.,,,, 98, 9, 9, 9, 9, 88, 8, 8, 5 1 Months of Supply Trended 1month moving average NORTH PRICE CHANGE 1% 5% % 5% 1% 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, 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 AUGUST,5 NORTHWEST TOTAL SALES BY PRICE RANGE 17 AUGUST,,5, 1,5 1, 5 5 1 7 8 9 1 11 1 1 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 1 15 1 17 NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY 8 7 5 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 9, 85, 8, 75, 7, 5,, 55, 7 5 1 Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 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,,,, 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 AUGUST,5 WEST TOTAL SALES BY PRICE RANGE 17 AUGUST, 1,5 1, 5 7 8 9 1 11 1 1 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 5 5 15 1 5 1 15 1 17 WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 8 7 5 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 575, 57, 55, 5, 555, 55, 55, 5, 55, 5, 55, 1 9 8 7 5 1 Months of Supply Trended 1month moving average WEST PRICE CHANGE 1% 5% % 5% 1% 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, 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,5,,5 AUGUST 1 1 SOUTH TOTAL SALES BY PRICE RANGE 17 AUGUST,,5, 1,5 1, 5 7 8 9 1 11 1 1 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 8 1 15 1 17 SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 18, 1, 1, 1, 1, 8,,, 5 1 Months of Supply Trended 1month moving average SOUTH PRICE CHANGE 1% 5% % 5% 1% 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, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
City of Calgary SOUTHEAST SOUTHEAST TOTAL SALES,5, 1,5 1, 5 7 8 9 SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES 1 11 1 1 1 15 Detached Apartment Semi Detached AUGUST 1 17 Row 1 Year Average SOUTHEAST TOTAL SALES BY PRICE RANGE 9 8 7 5 1 1 15 1 17 17 AUGUST SOUTHEAST INVENTORY AND SALES 8 7 5 1, 8,,,,, 18, 1, SOUTHEAST MONTHS OF INVENTORY 5 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 1, Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE % 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,, 5,, 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 9 8 7 AUGUST 5 EAST TOTAL SALES BY PRICE RANGE 17 AUGUST 5 1 7 8 9 1 11 1 1 1 15 Detached Apartment Semi Detached 1 17 Row 1 Year Average 15 1 5 1 15 1 17 EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY 5 15 1 5 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 1, 8,,,,, 98, 9, 9, 9, 8 7 5 1 Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% % 1% 5% % 5% 1% 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, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 5
CREB Definitions 17 18 179 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