July 18
MONTHLY STATISTICS PACKAGE City of Calgary Patience required in Calgary's housing market recovery 18 City of Calgary, August 1, 18 Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. The month of July saw 1,57 units sold in Calgary, nearly five per cent below last year. New listings eased to,9 units, causing inventories to total 8,5 units. With more supply than demand, prices continued to edge down, with a citywide average of $35,. This amounted to a monthovermonth price decline of.3 per cent and yearoveryear decline of 1.89 per cent. Despite some positive momentum in some aspects of our economy, our job market has continued to struggle as of late, with some easing in total employment levels over the past few months and persistently high unemployment rates, said CREB chief economist AnnMarie Lurie. Also, the Bank of Canada raised rates again in July. Rising costs, combined with a slow recovery, are weighing on the demand for resale homes in the city. At the same time supply remains high and is resulting in an oversupplied market. Citywide months of supply have risen for each property type and currently range from nearly five months in the detached sector to seven months in the apartment sector. These elevated levels have been placing pressure on prices in the city. Detached benchmark home prices totaled $51,3 in July, down. per cent from last month and over two per cent from last year s levels. Yeartodate average benchmark prices in the detached sector remain just below levels recorded last year. The apartment ownership sector continues to see the steepest declines, with yeartodate benchmark prices averaging $57,33, three per cent below last year and nearly 1 per cent below 1 highs. In a buyers market, it s critical for all parties to have the most uptodate information to make a fully informed decision, whether you are buying or selling, said CREB president Tom Westcott. A REALTOR can help make an accurate determination on how much to sell a home for or how much is too much when purchasing one. HOUSING MARKET FACTS Detached Oversupply issues continue to worsen in each district of the city compared to last year. However, compared to historical conditions, conditions today remain better than in 1 in both the West and City Centre districts. Yeartodate, the West and City Centre areas have recorded prices higher than last year s levels and continue to edge towards price recovery. Benchmark prices in the West have averaged $733,39 this year, comparable to previous highs. City Centre benchmark prices have averaged $93,3, nearly three per cent below previous highs. Most districts have recorded detached prices that remain over four per cent below previous highs. Apartment Easing new listings in the apartment condominium sector have prevented any further gains in the amount of inventory in the market. Supply levels remain elevated compared to sales, keeping yeartodate prices three per cent below last year s levels and nearly 1 per cent below previous highs. Citywide inventory levels remain just below last year. July inventories edged down in the North East, North, North West, South and East areas of the city compared to the previous year. Levels remain elevated by historical standards, but any reductions in inventory can help reduce oversupply. Attached Like the other sectors, attached sales have been easing this year, with,5 sales this year representing a 15 per cent decline over the previous year. Gains in new listings pushed up inventory levels and months of supply compared to last year. Citywide yeartodate semidetached prices have eased by nearly one per cent compared to last year. Benchmark price changes have ranged from a three per cent decline in the North West district to a six per cent increase in the South district. Despite the annual gain this year in the South district, semidetached prices remain nearly five per cent lower than that district s peak. Yeartodate benchmark row prices have increased on a citywide basis due to gains in the City Centre, North and North West districts. The annual gain is a positive move towards recovery, but row prices remain well below previous highs in every district of the city. MONTHS OF SUPPLY AND PRICE CHANGES RESIDENTIAL 1 7% 9 % 8 5% 7 % 3% 5 % 3 1% % 1 1% % 5 7 8 9 1 11 1 Months of Supply Trended Y/Y Benchmark Price Change CREB Monthly Statistics City of Calgary
Summary Stats City of Calgary DETACHED Jul17 Jul18 Y/Y % Change 18 17 18 % Change Total Sales 1,11 99.15% 7,53, 17.3% Total Sales Volume $559,517,537 $53,77,3.9% $,59,85,51 $3,55,583,7 17.% New Listings 1,88 1,733.7% 1,7 13,157 7.3% Inventory 3,8,578 39.57%,598 3,13 39.1% Months of Supply 3..7 5.%.1. 8.7% Sales to New Listings Ratio 59.89% 55.91% 3.98% 1.39% 7.3% 1.% Sales to List Price Ratio 97.5% 9.%.9% 97.5% 97.%.5% Days on Market 38 9 8.1% 35 3.8% Benchmark Price $51,1 $51,3.11% $5,11 $5,771.7% Median Price $95, $85,.% $5, $9, 1.% Average Price $553,3 $5,51 1.7% $55,57 $5,8.1% Index 1.9% 7.% APARTMENT Total Sales 5 53.39% 1,78 1,9 7.7% Total Sales Volume $7,87,13 $71,18,378.33% $533,993,85 $85,51,57 9.8% New Listings 1 53 11.5%,73,555 3.78% Inventory 1,813 1,77.15% 1, 1,9.35% Months of Supply 7.1 7.1 1.7%.3 7.18 13.% Sales to New Listings Ratio 1.37%.59% 5.% 37.73% 3.% 1.53% Sales to List Price Ratio 9.81% 9.35%.7% 9.5% 9.1%.3% Days on Market 59.3% 57 3 1.53% Benchmark Price $, $59,7.% $5,3 $57,33 3.% Median Price $57,75 $5,.95% $, $55, 3.1% Average Price $8,3 $81,1 1.95% $98,988 $9,31 1.5% Index 18 18.% 18 178 3.% ATTACHED Total Sales 3 35 9.7%,5,5 15.% Total Sales Volume $1,3,8 $17,38,73 11.85% $1,9,89,98 $89,797,38 1.18% New Listings 7 88 1.78%,98 5,358 7.85% Inventory 1,3,98 3.88% 1,38 1,739 3.91% Months of Supply.5..97% 3.5 5.7 5.5% Sales to New Listings Ratio 53.5% 7.%.% 5.8% 1.53% 11.31% Sales to List Price Ratio 97.33% 97.%.3% 97.38% 97.7%.11% Days on Market 7 5 1.87% 8 5 1.5% Benchmark Price $33,3 $33,9 1.1% $331,13 $33,71.1% Median Price $3,5 $335,.1% $33, $33,.% Average Price $,97 $391,5.3% $7,5 $3,55 1.11% Index 199 19 1.1% 19 19.1% CITY OF CALGARY Total Sales 1,5 1,57.8% 11,93 1,1 15.3% Total Sales Volume $77,5,75 $71,3,991.5% $5,83,97,3 $,97,897,58 1.3% New Listings,978,9.7% 1,97 3,7 5.% Inventory,9 8,5.19% 5,57 7,.98% Months of Supply.1 5. 3.5% 3.5.88 5.15% Sales to New Listings Ratio 5.57% 5.19%.37% 5.3% 3.78% 1.58% Sales to List Price Ratio 97.5% 9.%.79% 97.9% 97.11%.39% Days on Market 3 5.% 1 9 19.51% Benchmark Price $3, $35, 1.89% $37,3 $35,39.5% Median Price $5, $3,5.35% $39, $9,.8% Average Price $77,98 $79,.8% $9,97 $85,93 1.3% Index 1.91% 1.5% For a list of definitions, see page. CREB Monthly Statistics City of Calgary 3
Summary Stats City of Calgary 18 CITY OF CALGARY SEMIDETACHED Jul17 Jul18 Y/Y % Change 17 18 % Change Total Sales 17 15.% 1,137 993 1.% Total Sales Volume $73,75,5 $73,75,7.7% $59,88,77 $97,53,831 1.9% Share of Sales with Condo Title 1.97% 11.33% 3.3% 1.7% 15.%.9% New Listings 78 38 1.79% 1,95,353.% Inventory 587 911 55.% 83 79 5.89% Months of Supply 3.99.7 5.9%.97 5.1 7.77% Sales to New Listings Ratio 5.88% 8.7%.18% 58.19%.% 15.99% Sales to List Price Ratio 97.% 97.%.38% 97.51% 97.%.1% Days on Market 8 9.7% 5 13.% Benchmark Price $,8 $1, 1.9% $,11 $18,8.95% Median Price $395, $395,75.19% $5, $5,.% Average Price $51,73 $91,38.7% $51,18 $51,31.3% Index 11 8 1.9% 11 9.9% CITY OF CALGARY ROW Total Sales 13 175 17.8% 1,88 1,3 17.% Total Sales Volume $7,58,135 $53,533,.1% $5,1,59 $399,73,7.15% Share of Sales with Condo Title 9.37% 9.9%.8% 95.% 93.57% 1.3% New Listings 398 38.5% 3,1 3,5.3% Inventory 1,1 1,187 1.83% 85 1,1 19.9% Months of Supply.77.78.% 3.98 5.7.3% Sales to New Listings Ratio 53.5%.5% 7.% 9.37% 1.% 8.37% Sales to List Price Ratio 97.5% 9.9%.31% 97.% 97.8%.1% Days on Market 9 59.51% 5 57 1.% Benchmark Price $3,7 $3,3.9% $9,18 $99,357 1.7% Median Price $37, $9,5.7% $39, $3,.91% Average Price $331,39 $35,93 7.9% $33,3 $3,8 3.55% Index 19 188.8% 18 188 1.8% CITY OF CALGARY ATTACHED Total Sales 3 35 9.7%,5,5 15.% Total Sales Volume $1,3,8 $17,38,73 11.85% $1,9,89,98 $89,797,38 1.18% Share of Sales with Condo Title 1.9% 5.% 9.%.51% 58.8%.8% New Listings 7 88 1.78%,98 5,358 7.85% Inventory 1,3,98 3.88% 1,38 1,739 3.91% Months of Supply.5..97% 3.5 5.7 5.5% Sales to New Listings Ratio 53.5% 7.%.% 5.8% 1.53% 11.31% Sales to List Price Ratio 97.33% 97.%.3% 97.38% 97.7%.11% Days on Market 7 5 1.87% 8 5 1.5% Benchmark Price $33,3 $33,9 1.1% $331,13 $33,71.1% Median Price $3,5 $335,.1% $33, $33,.% Average Price $,97 $391,5.3% $7,5 $3,55 1.11% Index 199 19 1.1% 19 19.1% For a list of definitions, see page. CREB Monthly Statistics City of Calgary
Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change July 18 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 113 197 57.3% 589 5.1 $85,9.8%.7% North East 89 197 5.18% 51.8 $37,9.83%.3% North 17 55 57.5% 5.5 $3,3 3.8%.1% North West 155 7 58.5% 58.5 $53, 3.77%.3% West 15 198 53.3% 513.89 $733,7.78%.% South 185 3 57.1% 871.71 $7,7 1.%.11% South East 153 53.7% 39.18 $7,7 1.9%.% East 8 51 5.9% 113. $35, 1.59%.% TOTAL CITY 99 1,733 55.91%,578.7 $51,3.11%.3% Apartment City Centre 17 7 39.3% 99 8.5 $88,5.89%.38% North East 11 18 1.11% 9.7 $,3 5.57%.9% North 19 73.8% 89.8 $11,9.53% 1.3% North West 31 7.39% 138.5 $3,9.5% 1.17% West 3 5.59% 197 8.57 $8, 3.7%.53% South 3 7 5.75% 19 5.5 $7,.9%.% South East 51 3.1% 137.3 $7,1 1.3% 1.8% East 1.% 3 7.17 $181,9.8%.9% TOTAL CITY 53 53.59% 1,77 7.1 $59,7.%.3% Semidetached City Centre 1 1.51% 38 8.3 $73,.%.9% North East 1 31 7.7% 73 3.8 $98, 3.31%.53% North 1 3.7%.3 $31,3.5%.1% North West 1 35.% 9.57 $38,1 1.%.95% West 15 3.1% 19 7.7 $51,1.85%.81% South 19 5.% 1 5.7 $339,1 1.8%.% South East 18 19 9.7% 3.7 $319,1.99%.7% East 13.15% 37.17 $98, 1.35%.3% TOTAL CITY 15 38 8.7% 911.7 $1, 1.9%.3% Row City Centre 9 55 5.73% 1 7.38 $79, 1.% 1.7% North East 17 57 9.8% 15 8.53 $195,3 8.78% 1.31% North 1 5.38% 195 9.9 $, 3.%.% North West 3 55.5% 15.5 $31,3.9% 1.% West 17 5 3.3% 185 1.88 $3,.57%.3% South 38 1.3% 17.39 $59,5.88% 1.37% South East 8 5 5.% 19.1 $93,1 1.1% 1.8% East 7 13 53.85% 7 3.8 $175,.55% 1.8% TOTAL CITY 175 38.5% 1,187.78 $3,3.9%.% *Total city figures can include activity from areas not yet represented by a community / district 18 CREB Monthly Statistics City of Calgary 5
District Trends 18 TOTAL SALES,5 JULY, 1,5 1, 5 ' '5 ' '7 '8 '9 '1 City Centre South East South West North West North North East East '11 '1 '13 '1 '15 '1 TOTAL INVENTORY JULY 1, 9, 8, 7,, 5,, 3,, 1, ' '5 ' '7 '8 '9 '1 '11 '1 '13 '1 City Centre South East South West North West North North East East '15 '1 MONTHS OF SUPPLY JULY 1. 1. 8.... Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics City of Calgary
Price Comparisons 18 BENCHMARK PRICE JULY 9, 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON JULY % % % % % 8% 1% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms 3 3 3 3 3 3 3 3 Year Built 1951 1985 1997 199 1997 1983 1999 197 1991 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics City of Calgary 7
District Graphs TOTAL INVENTORY BY PRICE RANGE JULY 1,8 1, 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE JULY 35 3 5 15 1 18 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East 5 <$, $, $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 JULY 35 SHARE OF CITY WIDE SALES JULY 1% 3 5 15 1 5 9 38 19 3 8 1 1 18 1 31 17 19 17 17 15 1 3 11 185 17 155 153 113 89 15 8 City Centre North East North North West West South South East East 1% 8% % % % % 17% 9% % 11% 1% 1% 13% % 1% 9% 1% 1% 9% 1% 13% 1% 1% 8% 9% 9% % 1% 9% 15% 1% 19% 1% 11% 3% 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 8
City of Calgary Total Residential 18 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 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 1,5 1,595 1, 1,7 1,11 1,9 New Listings,383,59 3, 3,95 3,8 3,753,978 3, 3,3,8,1 1,1 Inventory,11,5 5,1 5,518,13,9,9,19,88,79 5,83,3 Days on Market 53 8 39 37 38 3 5 5 5 5 58 Benchmark Price 33, 33, 3,3 35, 39,3 1,5 3,,3 1,5 38,9 3,7 33, Median Price 5, 8, 35, 5, 8, 5,5 5, 8, 3, 15, 1, 1, Average Price 7,59 8,78 9,98 95, 5,3 5,889 77,98 78,8 85,1 75,97,8 53,39 Index 1 3 3 1 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 959 1,89 1,371 1,51 1,7 1,89 1,57 New Listings,5, 3,5 3,55,37 3,89,9 Inventory, 5,8,39 7,335 8,58 8,88 8,5 Days on Market 1 51 5 7 5 Benchmark Price 3,3 3,3 35, 3,5 3,9 3,5 35, Median Price 15, 5, 39, 3,5 7,75 33,75 3,5 Average Price 8,3 93,8 95,1 78,11 87,939 93,97 79, Index 199 1 1 1 1 Jul17 Jul18 17 18 CALGARY TOTAL SALES 7/1/17 7/1/18 7/1/17 7/1/18 >$1, $1, $199,999 7 89 55 $, $99,999 5 3 1,5 1,13 $3, $ 39,999 17 159 1,8 1, $35, $399,999 17 181 1,77 1,13 $, $9,999 19 5 1,5 1,87 $5, $99,999 1 18 1,8 939 $5, $59,999 135 1 1,5 831 $55, $599,999 115 18 799 7 $, $9,999 71 7 593 5 $5, $99,999 9 8 57 33 $7, $799,999 55 77 $8, $899,999 3 357 71 $9, $999,999 17 19 1 $1,, $1,9,999 33 8 35 191 $1,5, $1,99,999 1 17 19 1 $1,5, $1,79,999 8 9 5 8 $1,75, $1,999,999 3 5 8 31 $,, $,99,999 1 3 1 3 $,5, $,999,999 1 1 13 1 $3,, $3,99,999 3 1 7 $3,5, $3,999,999 $,, + 1,5 1,57 11,93 1,1 CITY OF CALGARY TOTAL SALES BY PRICE RANGE 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 9
CITY OF CALGARY TOTAL SALES JULY City of Calgary Total Residential 18 CITY OF CALGARY TOTAL NEW LISTINGS JULY 18, 35, 1, 1, 1, 3, 5, 1,, 8, 15,,,, 1, 5, 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Detached Apartment Semi Detached Row 1 Year Average Detached Apartment Semi Detached Row 1 Year Average CITY OF CALGARY TOTAL INVENTORY AND SALES 1, 9, 8, 7,, 5,, 3,, 1,,,,, 38, 3, 3, 3, 3, 8, CITY OF CALGARY TOTAL MONTHS OF INVENTORY 7 5 3 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun., 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 1
City of Calgary Detached 18 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 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 581 8 1,171 1,19 1,37 1,381 1,11 983 919 97 87 17 New Listings 1,8 1,93 1,79 1,81,39,15 1,88 1,7 1,87 1,8 1,1 75 Inventory 1,88 1,995,3,53,9 3,7 3,8 3,77 3,9 3,57,75, Days on Market 7 38 3 31 3 38 8 5 Benchmark Price 98,7 99, 5, 5,3 5,7 59, 51,1 51,9 58,9 5, 5, 99, Median Price 85, 9,5 9, 5,5 51, 513, 95, 91, 8,5 7, 5,, Average Price 55,857 557,1 571,75 5, 58,59 59,8 553,3 55,7 55,3 5,998 53,5 5,751 Index 5 5 5 8 9 1 1 9 8 7 5 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 58 53 8 9 1,58 1,1 99 New Listings 1,88 1,95 1,87,,1,3 1,733 Inventory,,59 3,79 3,53,5,817,578 Days on Market 55 5 37 1 1 9 Benchmark Price 99, 5,8 53,8 5,5 5,5 53,1 51,3 Median Price 7, 97, 59,5 95, 5, 95,75 85, Average Price 55,711 575,39 58,55 558,8 573, 573,95 5,51 Index 5 7 7 7 Jul17 Jul18 17 18 CALGARY TOTAL SALES 7/1/17 7/1/18 7/1/17 7/1/18 >$1, $1, $199,999 1 $, $99,999 17 17 133 $3, $ 39,999 1 7 7 3 $35, $399,999 133 1 98 85 $, $9,999 179 18 1,173 1,3 $5, $99,999 15 133 1,99 78 $5, $59,999 119 11 89 71 $55, $599,999 19 9 715 585 $, $9,999 55 3 5 38 $5, $99,999 3 97 $7, $799,999 1 7 38 $8, $899,999 3 31 7 11 $9, $999,999 18 1 131 13 $1,, $1,9,999 5 3 199 15 $1,5, $1,99,999 15 15 97 93 $1,5, $1,79,999 7 8 8 3 $1,75, $1,999,999 3 5 7 9 $,, $,99,999 1 3 13 1 $,5, $,999,999 1 1 13 9 $3,, $3,99,999 3 1 7 $3,5, $3,999,999 $,, + 1 1,11 99 7,53, CITY OF CALGARY DETACHED SALES BY PRICE RANGE 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 11
CITY OF CALGARY DETACHED SALES 1, JULY City of Calgary Detached 18 CITY OF CALGARY DETACHED NEW LISTINGS JULY 5, 1, 8,,,,, 15, 1, 5, 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY, 515, 5,, 3,, 1, Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 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% 57, 5% 5, % 7, 5%, 1% 37, 15% 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 1
City of Calgary Apartment 18 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 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 3 17 New Listings 3 583 7 91 78 79 1 9 51 1 Inventory 1, 1,39 1,578 1,53 1,781 1,871 1,813 1,77 1,77 1, 1,95 1,183 Days on Market 8 5 9 55 55 59 5 7 81 Benchmark Price 5,,3,9,3, 5,8, 3,3 3,7 1, 58,3 57,7 Median Price 58,5 75, 51,5 7, 7, 7, 57,75 55, 7,5 5, 51, 5, Average Price 8,9 31,98 8,13 33,31 9,999 33,31 8,3 85,5 83,79 9,1 77,9 71,3 Index 183 183 183 183 185 18 18 18 183 181 179 178 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 15 197 19 1 8 9 53 New Listings 588 5 71 75 775 59 53 Inventory 1,9 1,3 1,95 1,853 1,93 1,875 1,77 Days on Market 7 8 59 59 59 Benchmark Price 5, 5, 57,1 5,7 5, 59,1 59,7 Median Price 55, 7, 5,5 55, 5,,5 5, Average Price 98,9 35,95 3,5 8,118 89,715 9,3 81,1 Index 177 177 178 178 177 179 18 Jul17 Jul18 17 18 CALGARY TOTAL SALES 7/1/17 7/1/18 7/1/17 7/1/18 >$1, $1, $199,999 5 3 35 13 $, $99,999 19 117 751 9 $3, $ 39,999 38 8 1 9 $35, $399,999 1 1 17 115 $, $9,999 1 11 89 8 $5, $99,999 7 5 $5, $59,999 5 3 37 $55, $599,999 1 1 1 18 $, $9,999 1 $5, $99,999 1 5 $7, $799,999 1 8 $8, $899,999 1 5 $9, $999,999 7 7 $1,, $1,9,999 1 3 $1,5, $1,99,999 1 1 $1,5, $1,79,999 1 1 1 $1,75, $1,999,999 1 1 $,, $,99,999 1 1 $,5, $,999,999 1 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 5 53 1,78 1,9 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 15 1 17 18 $, $99,999 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 13
CITY OF CALGARY APARTMENT SALES 3,5 3,,5, 1,5 1, 5 JULY City of Calgary Apartment 18 CITY OF CALGARY APARTMENT NEW LISTINGS JULY 7,, 5,, 3,, 1, 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES,5 8, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1, 1,5 1, 5 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun.,,,, 58, 5, 5, 5, 5, 1 8 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE % 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 1
City of Calgary SemiDetached 18 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 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 1 198 188 191 17 177 1 13 1 95 New Listings 198 3 31 9 33 3 78 79 3 7 19 19 Inventory 375 35 5 55 517 559 587 58 13 7 58 3 Days on Market 1 53 5 5 59 Benchmark Price,8 18, 3, 5, 7,9 3,1,8 19, 19, 19, 17,8 1, Median Price 375, 38,858 39,5 3,75 5,5, 395, 39, 3, 39, 39, 5,5 Average Price 8,59 77,85 95,7 5,3 95,85 513,11 51,73 77,1 55,1 9,55 58,917 9,19 Index 1 1 13 1 1 11 1 1 1 9 9 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 99 1 13 155 15 18 15 New Listings 3 7 38 38 1 9 38 Inventory 7 53 7 755 83 919 911 Days on Market 8 5 5 5 7 8 Benchmark Price 15,8 18,8 18,8, 19, 18, 1, Median Price 37,5,815 5, 1,,8 7,5 395,75 Average Price,51 59,17 551,87 57,585 8,7 95,19 91,38 Index 8 1 1 1 1 9 8 Jul17 Jul18 17 18 CALGARY TOTAL SALES 7/1/17 7/1/18 7/1/17 7/1/18 >$1, $1, $199,999 3 11 11 $, $99,999 17 18 15 1 $3, $ 39,999 18 7 179 151 $35, $399,999 3 9 9 15 $, $9,999 1 1 111 93 $5, $99,999 1 9 $5, $59,999 3 35 $55, $599,999 3 9 3 1 $, $9,999 8 1 $5, $99,999 8 51 3 $7, $799,999 1 1 11 $8, $899,999 7 3 77 53 $9, $999,999 3 9 9 $1,, $1,9,999 7 5 9 7 $1,5, $1,99,999 1 3 $1,5, $1,79,999 $1,75, $1,999,999 $,, $,99,999 1 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, + 17 15 1,137 993 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 5 35 3 5 15 1 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 15 1 17 18 $, $99,999 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 15
CITY OF CALGARY SEMIDET. SALES 1, 1, 1, 1, 8 JULY City of Calgary SemiDetached 18 CITY OF CALGARY SEMIDET. NEW LISTINGS JULY,5, 1,5 1, 5 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Semi Detached 1 Year Average Semi Detached 1 Year Average CITY OF CALGARY SEMIDET. INVENTORY AND SALES CITY OF CALGARY SEMIDET. MONTHS OF INVENTORY 1, 9 8 7 5 3 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun., 1,, 19, 18, 17, 1, 15, 1, 13, 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 1
City of Calgary Row 18 Jan. Feb. Mar. Apr. May Jun. Aug. Sept. Oct. Nov. Dec. 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 18 151 1 71 8 13 187 188 183 187 17 New Listings 33 37 17 7 55 519 398 7 37 31 15 Inventory 1 8 78 87 99 1,1 1,1 995 1,1 975 875 7 Days on Market 8 5 57 5 7 9 5 5 5 55 Benchmark Price 3, 91, 9, 93, 9, 9, 3,7 37, 3,9 35, 33,1 99,5 Median Price 33,5 311, 3,75 39, 31, 31, 37, 35,5 319, 31, 9, 95, Average Price 3,783 33,55 3,5 35,371 338,5 33,5 331,39 37,5 3,187 353,3 31,117 39,857 Index 19 183 183 18 183 18 19 19 19 191 19 188 18 1/1/18 /1/18 3/1/18 /1/18 5/1/18 /1/18 7/1/18 8/1/18 9/1/18 1/1/18 11/1/18 1/1/18 Sales 131 133 13 19 8 1 175 New Listings 3 318 8 8 51 97 38 Inventory 73 779 9 1,7 1,1 1,17 1,187 Days on Market 9 1 5 5 5 59 Benchmark Price 9,7 95, 97, 3, 33, 3,3 3,3 Median Price 95, 3, 3, 38,95 38,5 9,5 9,5 Average Price 31,51 33,53 38,8 33, 337,798 317,585 35,93 Index 18 185 187 188 19 189 188 Jul17 Jul18 17 18 CALGARY TOTAL SALES 7/1/17 7/1/18 7/1/17 7/1/18 >$1, $1, $199,999 1 95 1 $, $99,999 8 71 573 85 $3, $ 39,999 53 37 31 5 $35, $399,999 7 1 17 18 $, $9,999 1 1 79 89 $5, $99,999 7 5 $5, $59,999 7 5 9 $55, $599,999 3 3 $, $9,999 1 7 13 $5, $99,999 1 1 7 $7, $799,999 1 8 7 $8, $899,999 3 1 $9, $999,999 3 $1,, $1,9,999 $1,5, $1,99,999 1 5 $1,5, $1,79,999 1 1 $1,75, $1,999,999 1 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, + 13 175 1,88 1,3 CITY OF CALGARY ROW SALES BY PRICE RANGE 8 7 5 3 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 JULY $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 17
CITY OF CALGARY ROW SALES,5, 1,5 1, 5 JULY City of Calgary JULY, 3,5 3,,5, 1,5 1, 5 Row 18 CITY OF CALGARY ROW NEW LISTINGS 8 9 1 11 1 13 1 15 1 17 18 8 9 1 11 1 13 1 15 1 17 18 Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 38, CITY OF CALGARY ROW MONTHS OF INVENTORY 8 1, 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 3, 3, 3, 3, 98, 9, 9, 9, 9, 88, 7 5 3 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 18
CITY CENTRE CITY CENTRE TOTAL SALES 3,5 3,,5, 1,5 1, 5 8 9 1 CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached JULY 17 18 Row 1 Year Average CITY CENTRE TOTAL SALES BY PRICE RANGE 5 35 3 5 15 1 5 15 1 17 18 City of Calgary 18 JULY CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY,5, 1,5 1, 5 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 513, 51, 511, 51, 59, 58, 57, 5, 55, 5, 53, 5, 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 19
City of Calgary NORTHEAST NORTHEAST TOTAL SALES, 1,8 1, 1, 1, 1, 8 8 9 1 NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached JULY 17 18 Row 1 Year Average NORTHEAST TOTAL SALES BY PRICE RANGE 7 5 3 1 15 1 17 18. 18 NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY 9 8 7 5 3 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 358, 35, 35, 35, 35, 38, 3, 3, 3, 3, 338, 33, 7 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
City of Calgary NORTH NORTH TOTAL SALES, 1,8 1, 1, 1, 1, 8 8 9 1 NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached JULY 17 18 Row 1 Year Average NORTH TOTAL SALES BY PRICE RANGE 5 3 1 15 1 17 18 18 JULY NORTH INVENTORY AND SALES 1, 5, NORTH MONTHS OF INVENTORY 1,, 5 8 395, 39, 3 385, 38, 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 375, 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 1
City of Calgary NORTHWEST NORTHWEST TOTAL SALES,5, 1,5 1, 5 8 9 1 NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached JULY 17 18 Row 1 Year Average NORTHWEST TOTAL SALES BY PRICE RANGE 5 35 3 5 15 1 5 15 1 17 18 18 JULY NORTHWEST INVENTORY AND SALES 1, 1, 8 9, 85, 8, 75, 7, 5, NORTHWEST MONTHS OF INVENTORY 7 5 3 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun., 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
City of Calgary WEST WEST TOTAL SALES, 1,8 1, 1, 1, 1, 8 8 9 1 WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached JULY 17 18 Row 1 Year Average WEST TOTAL SALES BY PRICE RANGE 3 5 15 1 5 15 1 17 18 18 JULY WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 1, 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 575, 57, 55, 5, 555, 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 3
City of Calgary SOUTH SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES SOUTH TOTAL SALES JULY 3,5 8 SOUTH TOTAL SALES BY PRICE RANGE 18 JULY 3,,5, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 7 5 3 1 15 1 17 18 SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 1, 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun., 15, 1, 5,, 395, 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
City of Calgary SOUTHEAST SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES SOUTHEAST TOTAL SALES JULY,5 SOUTHEAST TOTAL SALES BY PRICE RANGE 18 JULY, 5 1,5 1, 5 3 1 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 15 1 17 18 SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY 1, 1, 8 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 3, 8,,,,, 18, 1, 1, 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 5
City of Calgary EAST EAST TOTAL SALES 5 3 1 8 9 1 EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached JULY 17 18 Row 1 Year Average EAST TOTAL SALES BY PRICE RANGE 18 1 1 1 1 8 15 1 17 18 18 JULY EAST INVENTORY AND SALES 3 5 15 1 5 38, 3, 3, 3, 3, 98, 9, 9, EAST MONTHS OF INVENTORY 8 7 5 3 1 Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. 9, 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
CREB Definitions 18 17 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 City of Calgary 7