August 18
MONTHLY STATISTICS PACKAGE City of Calgary Unemployment rate slows housing market recovery 18 City of Calgary, September, 18 Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by.8 per cent and are. per cent below last year s levels. Calgary s employment market has persistently high unemployment rates at 7.9 per cent and recent job losses in full time positions. The struggles in the employment market are one of the factors weighing on our local housing market, said CREB chief economist AnnMarie Lurie. A slow recovery in the energy sector combined with tighter lending conditions and competition from the new home sector are also contributing current housing market conditions. Citywide sales totaled 1,89 units this month, down nearly seven per cent from last year and 1 per cent below longterm trends. Sales and price declines were not consistent across all districts and product types. Prices have recently trended down across most areas based on yeartodate figures, but have remained comparable to last year s levels in the City Centre and West districts of the city. Both buyers and sellers need to be realistic about their objectives. Buyers need to be aware that price changes differ depending on what and where you are buying. The decline in sales does not mean price declines across the board, said CREB president Tom Westcott. Sellers need to be well informed to be competitive. They need a good understanding of what has been selling around them and how their property compares to homes that have successfully sold. MONTHS OF SUPPLY AND PRICE CHANGES 1 1 8 HOUSING MARKET FACTS Detached Yeartodate detached sales eased across each district. Elevated inventory levels caused months of supply to remain just below five months in August and continued to weigh on housing prices across all districts. Detached benchmark prices totaled $97, in August. This is a.7 per cent decline over last month and. per cent below the previous year. Prices have trended down in all districts in August, however, on a yeartodate basis prices remain above last year in both the City Centre and West. Yeartodate average detached benchmark prices have eased by.5 per cent over the previous year, reducing some of the price recovery from last year. Apartment Yeartodate sales totaled 1,89 units, seven per cent below the previous year. However, sales did not ease across all districts. Sales in both the North East and North West districts remained slightly higher than levels recorded last year. New listings in the apartment sector eased compared to the previous year, preventing more significant gains in inventory levels. However, oversupply in this sector persists, causing further price declines. Yeartodate citywide prices eased by nearly three per cent, with the largest declines occurring in the North East, South and East districts. Overall prices remain nearly 1 per cent below 1 highs. Attached Like the apartment sector, sales have eased in the attached sector. However, yeartodate sales have improved in some districts of the city for semidetached and row product. Semidetached sales improved in both the North West and West districts. Row sales remained relatively stable in both the North Eastand East districts of the city. Oversupply in the semidetached sector has placed some downward pressure on prices this year, but yeartodate average benchmark price remains higher than last year in the City Centre, North East and East districts of the city. Gains in these areas were enough to offset declines in other areas, keeping semidetached prices one per cent higher than last year. Yeartodate row prices eased by 1.5 per cent over last year. However, price movements ranged from relatively stable levels in the City Centre and North West to declines of nearly seven per cent in the North East district. APARTMENT 5 7 8 9 1 11 1 Months of Supply Trended Y/Y Benchmark Price Change 8% 7% % 5% % 3% % 1% % 1% % 3% CREB Monthly Statistics City of Calgary
Summary Stats City of Calgary DETACHED Aug17 Aug18 Y/Y % Change 18 17 18 % Change Total Sales 983 97 5.7% 8,515 7,153 1.% Total Sales Volume $5,3,3 $5,33,873 3.7% $,8,77,83 $,51,895,35 15.3% New Listings 1,7 1,83 8.9% 13,9 1,978 7.% Inventory 3,77,33 35.8%,83 3,717 38.57% Months of Supply 3.33.78 3.5%.5.1.95% Sales to New Listings Ratio 58.7% 5.85% 7.87% 1.7% 7.7% 13.31% Sales to List Price Ratio 97.5% 9.%.88% 97.3% 97.11%.5% Days on Market 51 8.3% 3.% Benchmark Price $51, $97,.59% $5,188 $51,35.5% Median Price $91, $85, 1.% $99,8 $9,5 1.% Average Price $55,7 $53,8.8% $5, $5,1.% Index 1.58% 7.5% APARTMENT Total Sales 8 3.%,3 1,89.98% Total Sales Volume $7,7,99 $71,51,95 1.9% $,73,5 $557,9,7 7.89% New Listings 5 15.% 5,378 5,11 5. Inventory 1,77 1, 5.7% 1, 1,9 3.% Months of Supply 7.13.8 3.78%.5 7.15 1.8% Sales to New Listings Ratio 38.51%.51%.% 37.8% 37.9%.73% Sales to List Price Ratio 9.7% 9.3%.% 9.5% 9..35% Days on Market 71 18.% 57 1.8% Benchmark Price $3, $58,1.9% $5,33 $57,5.9% Median Price $55, $57,.78% $3, $55, 3.% Average Price $85,5 $9,9 3.17% $97,31 $9,13.98% Index 18 178.9% 183 178.9% ATTACHED Total Sales 3 3 1.9%,989,55 1.85% Total Sales Volume $19,89,8 $1,18,58 15.% $1,19,339,88 $1,,95,9 1.11% New Listings 8 91.73% 5,5,8.97% Inventory 1,575, 8.38% 1,359 1,77 3.5% Months of Supply.33.3.3% 3. 5.57 53.7% Sales to New Listings Ratio 53.%.31%.75% 5.87%.8% 1.79% Sales to List Price Ratio 97.% 97.1%.1% 97.35% 97.%.11% Days on Market 9 58 18.95% 8 5 1.5% Benchmark Price $33,5 $37,5.7% $33,113 $33,55.7% Median Price $35,5 $335,7.77% $35, $3,.87% Average Price $1,8 $39,89.% $7,9 $1,98 1.7% Index 199 19.7% 19 195.7% CITY OF CALGARY Total Sales 1,595 1,9.58% 13,538 11,59 1.39% Total Sales Volume $7,855,83 $719,95,81 5.% $,,553,15 $5,31,83,539 15.1% New Listings 3, 3, 1.8%,97,17.1% Inventory,19 8,11.9% 5,81 7,181.39% Months of Supply.15 5.5 31.3% 3.3.9 7.3% Sales to New Listings Ratio 53.1% 8.9%.% 5.%.3% 9.8% Sales to List Price Ratio 97.3% 9.%.8% 97.8% 97.%.% Days on Market 5 5.13% 5 19.5% Benchmark Price $, $3,.39% $38,15 $35,5.71% Median Price $8, $,5.35% $37,5 $8,55.5% Average Price $78,8 $83,19 1.3% $89,78 $85,9.73% Index 199.1%.71% For a list of definitions, see page. CREB Monthly Statistics City of Calgary 3
Summary Stats City of Calgary 18 CITY OF CALGARY SEMIDETACHED Aug17 Aug18 Y/Y % Change 17 18 % Change Total Sales 177 11.3% 1,31 1,13 13.7% Total Sales Volume $8,53,97 $8,18,183 19.35% $5,351,97 $55,7,1 13.55% Share of Sales with Condo Title 19.77% 1.8% 1.5% 15.38% 1.3%.98% New Listings 79 33 18.8%,33,8.9% Inventory 58 99 5.7% 95 753 51.9% Months of Supply 3.8.5 9.7% 3. 5.31 7.% Sales to New Listings Ratio 3.%.73%.71% 58.8%.% 1.3% Sales to List Price Ratio 97.9% 97.17%.3% 97.51% 97.39%.1% Days on Market 5 3.% 51 15.91% Benchmark Price $1,1 $11,3 1. $1,5 $1,5 1.% Median Price $39, $1,5.17% $,5 $,5 1.% Average Price $77,1 $83,3 1.% $97,985 $98,89.17% Index 1 8 1.1% 7 1 1.1% CITY OF CALGARY ROW Total Sales 187 179.8% 1,75 1,11 15.7% Total Sales Volume $,98,35 $57,9,75 1.81% $5,987,83 $57,33,8 19.7% Share of Sales with Condo Title 9.1% 9.18% 1.9% 95.% 93.% 1.7% New Listings 7 31 11.3% 3,1 3,3 1.7% Inventory 995 1,113 11.8% 8 1,1 18.1% Months of Supply 5.3. 1.8%.13 5.79.3% Sales to New Listings Ratio 5.95% 9.58% 3.% 8.9% 1.97%.99% Sales to List Price Ratio 9.83% 97.%.19% 97.17% 97.7%.1% Days on Market 5 7.9% 51 58 13.73% Benchmark Price $37,1 $9,7 3.39% $33,7 $99,5 1.7% Median Price $35,5 $3, 1.8% $39, $3,.91% Average Price $37,5 $33,8.83% $337,3 $3,9 3.93% Index 19 18 3.38% 19 187 1.7% CITY OF CALGARY ATTACHED Total Sales 3 3 1.9%,989,55 1.85% Total Sales Volume $19,89,8 $1,18,58 15.% $1,19,339,88 $1,,95,9 1.11% Share of Sales with Condo Title 57.97%.9% 5.1%.19% 59.7% 1.8% New Listings 8 91.73% 5,5,8.97% Inventory 1,575, 8.38% 1,359 1,77 3.5% Months of Supply.33.3.3% 3. 5.57 53.7% Sales to New Listings Ratio 53.%.31%.75% 5.87%.8% 1.79% Sales to List Price Ratio 97.% 97.1%.1% 97.35% 97.%.11% Days on Market 9 58 18.95% 8 5 1.5% Benchmark Price $33,5 $37,5.7% $33,113 $33,55.7% Median Price $35,5 $335,7.77% $35, $3,.87% Average Price $1,8 $39,89.% $7,9 $1,98 1.7% Index 199 19.7% 19 195.7% For a list of definitions, see page. CREB Monthly Statistics City of Calgary
Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change August 18 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre 93 31.%.5 $7, 3.9% 1.7% North East 111 7 53.% 5.7 $37,9 3.39%.53% North 1 71 5.% 5 5.5 $8,7.9%.9% North West 15 59.3% 3.87 $53,7 3.3%.% West 98 18 5.% 81.91 $731, 1.%.3% South 155 38.5% 837 5. $7,3.1%.8% South East 1 8 1.19% 3.7 $,5.3% 1.1% East 31 1 5.8% 11 3.1 $351, 1.%.8% TOTAL CITY 97 1,83 5.85%,33.78 $97,.59%.7% Apartment City Centre 119 87 1.% 83 7.5 $85,1.59% 1.18% North East 9.9% 7 3. $18, 5.38% 1.7% North 13 9.83% 79.8 $1,7.85%.5% North West 31 8.58% 1. $, 1. 1.8% West 5 7 53.19% 178 7.1 $7,9 3.88%.% South 8 57 9.1% 179.39 $5,.7%.9% South East 19 5.% 17.8 $9, 1.89%.89% East 7 15.7%. $179,8 5.%.7% TOTAL CITY 3 5.51% 1,.8 $58,1.9%.9% Semidetached City Centre 3 113 31.8% 37 1.19 $75,5.% 1.3% North East 9 37.3% 97 1.78 $95,3.3%.97% North 17 1 8.95% 9.88 $335,1.85%.33% North West 33.1% 8.3 $387,.8%.3% West 18 3 5.9% 93 5.17 $511,3 1.73%.93% South 17 37 5.95% 13. $33,.97%.3% South East 37 5.5% 7 3.5 $315,.1% 1.1% East 18.% 11. $95,3.38% 1.1% TOTAL CITY 11 33.73% 99.5 $11,3 1..9% Row City Centre 7 8 5.5% 18. $, 3.9%.88% North East 8 5 51.85% 137.89 $19,5 7.7%.1% North 9 53.% 183 7. $55,3.17% 1.9% North West 9 8.7% 1.33 $315,8 1.38%.8% West 7 3.8% 199 9.5 $338,5 3.9%.3% South 31 5 59.% 1 5.1 $55, 5.5% 1.1% South East 17 57 9.8% 139 8.18 $9,8 1.8%.78% East.7% 3 5.75 $18,3 1.95%.9% TOTAL CITY 179 31 9.58% 1,113. $9,7 3.39% 1.3% *Total city figures can include activity from areas not yet represented by a community / district 18 CREB Monthly Statistics City of Calgary 5
District Trends 18 TOTAL SALES,5 AUGUST, 1,5 1, 5 ' '5 ' '7 '8 '9 '1 '11 City Centre South East South West North West North North East East '1 '13 '1 '15 '1 TOTAL INVENTORY AUGUST 9, 8, 7,, 5,, 3,, 1, ' '5 ' '7 '8 '9 '1 '11 '1 '13 '1 City Centre South East South West North West North North East East '15 '1 MONTHS OF SUPPLY AUGUST. 35. 3. 5.. 15. 1. 5. Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics City of Calgary
Price Comparisons 18 BENCHMARK PRICE AUGUST 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON AUGUST % % % % % % 8% 1% 1% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms 3 3 3 3 3 3 3 3 Year Built 1951 1985 1997 199 1997 1983 1999 197 1991 Full Bathrooms Half Bathrooms 1 1 1 1 1 1 1 CREB Monthly Statistics City of Calgary 7
District Graphs TOTAL INVENTORY BY PRICE RANGE AUGUST 1,8 1, 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE AUGUST 35 3 5 15 1 18 <$, $, $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 AUGUST 3 SHARE OF CITY WIDE SALES AUGUST 1% 5 15 1 5 7 3 31 17 17 31 8 19 119 17 8 13 18 9 5 15 155 1 111 1 98 93 31 City Centre North East North North West West South South East East 1% 8% % % % % % 13% 17% 9% 1% 1% 9% 1% 1% 1% 13% 1% 13% 1% 8% % 5% 1% 1% 1% 13% 17% 17% 18% 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. Jul. 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 33,7 33,5 3, 35,9 39, 1, 3,7, 1,8 39, 3,8 33,3 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 199 1 3 3 1 199 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 1,37 1,51 1,75 1,89 1,57 1,9 New Listings,5, 3,5 3,5,37 3,89,9 3, Inventory, 5,8,39 7,33 8,57 8,88 8,8 8,11 Days on Market 1 51 5 7 5 5 Benchmark Price 3, 3, 35,7 3, 37, 3, 35,5 3, Median Price 15, 5, 39, 3,5 8, 33,75 3,5,5 Average Price 8,3 93,8 95,39 78,11 9,7 93,97 79,317 83,19 Index 199 1 1 1 199 Aug17 Aug18 17 18 CALGARY TOTAL SALES 8/1/17 8/1/18 8/1/17 8/1/18 >$1, 1 1 $1, $199,999 8 85 53 37 $, $99,999 1 1 1,817 1,9 $3, $ 39,999 17 1 1,395 1,3 $35, $399,999 9 191 1,7 1, $, $9,999 19 17 1,8 1,1 $5, $99,999 15 1 1, 1,83 $5, $59,999 137 131 1,1 91 $55, $599,999 18 97 7 $, $9,999 59 515 $5, $99,999 57 5 5 388 $7, $799,999 8 7 7 55 $8, $899,999 5 1 33 $9, $999,999 1 19 18 $1,, $1,9,999 3 59 1 $1,5, $1,99,999 15 15 1 117 $1,5, $1,79,999 3 53 5 $1,75, $1,999,999 3 3 31 3 $,, $,99,999 3 17 9 $,5, $,999,999 15 1 $3,, $3,99,999 1 7 $3,5, $3,999,999 $,, + 1 1,595 1,9 13,538 11,59 CITY OF CALGARY TOTAL SALES BY PRICE RANGE, 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 9
CITY OF CALGARY TOTAL SALES AUGUST City of Calgary Total Residential 18 CITY OF CALGARY TOTAL NEW LISTINGS AUGUST,, 18, 1, 1, 1, 35, 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 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul., 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,,,,, 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. Jul. 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 97,7 98,5 99,7 51, 5, 58,7 511,1 51, 58, 55,5 53,3 98,7 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 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 85 9 1,59 1,1 99 97 New Listings 1,88 1,95 1,87,5,1,3 1,73 1,83 Inventory,,59 3,79 3,5,55,817,59,33 Days on Market 55 5 37 1 1 9 51 Benchmark Price 98,7 5,1 5,8 53,8 53, 5,1 5,7 97, Median Price 7, 97, 59,9 95, 5, 95,75 85, 85, Average Price 55,711 575,39 58, 558,8 577,53 573,95 5,53 53,8 Index 5 7 7 7 Aug17 Aug18 17 18 CALGARY TOTAL SALES 8/1/17 8/1/18 8/1/17 8/1/18 >$1, $1, $199,999 $, $99,999 15 3 1 13 $3, $ 39,999 7 91 5 $35, $399,999 138 11 1, 9 $, $9,999 15 1 1,39 1,17 $5, $99,999 135 11 1,3 89 $5, $59,999 119 115 1,11 855 $55, $599,999 97 81 5 $, $9,999 57 5 51 37 $5, $99,999 3 7 39 $7, $799,999 3 9 9 398 $8, $899,999 35 9 37 $9, $999,999 15 1 13 $1,, $1,9,999 19 17 $1,5, $1,99,999 13 1 11 17 $1,5, $1,79,999 5 5 8 $1,75, $1,999,999 3 3 3 3 $,, $,99,999 3 1 7 $,5, $,999,999 15 11 $3,, $3,99,999 1 7 $3,5, $3,999,999 $,, + 1 1 983 97 8,515 7,153 CITY OF CALGARY DETACHED SALES BY PRICE RANGE 3,5 3,,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 11
CITY OF CALGARY DETACHED SALES 1, AUGUST City of Calgary Detached 18 CITY OF CALGARY DETACHED NEW LISTINGS AUGUST 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, Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 51, 55, 5, 95, 9, 5 3 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE CITY OF CALGARY DETACHED PRICES, 1% 57, 5% 5, % 7, 5%, 1% 37, 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. Jul. 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,, 5,, 7,1 5,9,5 3,,3 1,7 58, 57,8 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 3 New Listings 588 5 71 75 77 59 5 5 Inventory 1,9 1,3 1,95 1,853 1,9 1,87 1,781 1, Days on Market 7 8 59 59 59 71 Benchmark Price 5, 5,7 57, 5,8 5, 59,3 59,9 58,1 Median Price 55, 7, 5,5 55, 5,,5 5, 57, Average Price 98,9 35,95 3,5 8,118 89,715 9,3 81,1 9,9 Index 177 177 178 178 177 179 18 178 Aug17 Aug18 17 18 CALGARY TOTAL SALES 8/1/17 8/1/18 8/1/17 8/1/18 >$1, 1 1 $1, $199,999 8 73 $, $99,999 19 97 8 7 $3, $ 39,999 35 3 9 3 $35, $399,999 3 1 193 19 $, $9,999 1 99 88 $5, $99,999 7 1 53 7 $5, $59,999 3 3 $55, $599,999 $, $9,999 1 $5, $99,999 1 1 $7, $799,999 1 1 9 $8, $899,999 5 8 $9, $999,999 1 1 8 8 $1,, $1,9,999 3 $1,5, $1,99,999 1 $1,5, $1,79,999 1 1 5 $1,75, $1,999,999 1 1 $,, $,99,999 1 1 $,5, $,999,999 1 $3,, $3,99,999 $3,5, $3,999,999 $,, + 1 8 3,3 1,89 CITY OF CALGARY APARTMENT SALES BY PRICE RANGE 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 15 1 17 18 $, $99,999 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 13
CITY OF CALGARY APARTMENT SALES, 3,5 3,,5, 1,5 1, 5 AUGUST City of Calgary Apartment 18 CITY OF CALGARY APARTMENT NEW LISTINGS AUGUST 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, CITY OF CALGARY APARTMENT MONTHS OF INVENTORY 1, 1,5 1, 5 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul.,,, 58, 5, 5, 5, 1 8 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY APARTMENT PRICE CHANGE % 1% 5% % 5% 1% % 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. Jul. 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 3,8, 7,8 9, 11,3 1,5 17,5 1,1 15,9 15,5 1,5 13,1 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 7 8 1 11 1 1 1 1 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 11 New Listings 3 7 38 39 1 38 33 Inventory 7 53 7 75 8 93 913 99 Days on Market 8 5 5 5 7 8 5 Benchmark Price 1,5 15,5 15,3 1,7 15,7 1,7 15,3 11,3 Median Price 37,5,815 5, 1,,8 7,5 395,75 1,5 Average Price,51 59,17 551,87 57,585 8,7 95,19 91,38 83,3 Index 9 1 1 11 1 1 1 8 Aug17 Aug18 17 18 CALGARY TOTAL SALES 8/1/17 8/1/18 8/1/17 8/1/18 >$1, $1, $199,999 1 1 13 $, $99,999 17 17 $3, $ 39,999 7 171 $35, $399,999 1 17 5 18 $, $9,999 19 13 13 1 $5, $99,999 1 11 51 $5, $59,999 7 9 9 $55, $599,999 1 $, $9,999 5 7 7 $5, $99,999 1 11 1 5 $7, $799,999 1 1 13 18 $8, $899,999 1 9 87 $9, $999,999 3 1 3 3 $1,, $1,9,999 3 33 3 $1,5, $1,99,999 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 $,, + 177 11 1,31 1,13 CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE 5 5 35 3 5 15 1 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 15 1 17 18 $, $99,999 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 15
CITY OF CALGARY SEMIDET. SALES 1,8 1, 1, 1, 1, 8 AUGUST City of Calgary SemiDetached 18 CITY OF CALGARY SEMIDET. NEW LISTINGS AUGUST 3,,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 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 18, 17, 1, 15, 1, 13, 1, 11, 1, 9, 8, 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. Jul. 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 3,7 31,7 3,1 31,9 33, 35,7 3,8 37,1 3,7 35, 33,1 99,8 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 19 189 188 189 19 191 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 1 175 179 New Listings 3 318 8 85 51 9 38 31 Inventory 73 779 9 1,73 1,1 1,1 1,18 1,113 Days on Market 9 1 5 5 5 59 Benchmark Price 9,7 95, 97,9 3,3 33,5 3,5 3, 9,7 Median Price 95, 3, 3, 38,95 38,5 9,5 9,5 3, Average Price 31,51 33,53 38,8 33, 337,798 317,585 35,93 33,8 Index 18 185 187 188 19 189 188 18 Aug17 Aug18 17 18 CALGARY TOTAL SALES 8/1/17 8/1/18 8/1/17 8/1/18 >$1, $1, $199,999 19 3 11 19 $, $99,999 5 39 55 $3, $ 39,999 1 9 $35, $399,999 7 19 197 17 $, $9,999 11 11 9 1 $5, $99,999 7 59 $5, $59,999 5 3 59 3 $55, $599,999 3 1 35 33 $, $9,999 9 17 $5, $99,999 1 1 13 8 $7, $799,999 3 3 11 1 $8, $899,999 1 3 $9, $999,999 3 $1,, $1,9,999 $1,5, $1,99,999 1 7 1 $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 $,, + 187 179 1,75 1,11 CITY OF CALGARY ROW SALES BY PRICE RANGE 9 8 7 5 3 1 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 15 1 17 18 AUGUST $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 17
CITY OF CALGARY ROW SALES 3,,5, 1,5 1, 5 AUGUST City of Calgary Row 18 CITY OF CALGARY ROW NEW LISTINGS AUGUST,5, 3,5 3,,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 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 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 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% % 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 of Calgary 18 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES, 3,5 3,,5 CITY CENTRE TOTAL SALES BY PRICE RANGE AUGUST AUGUST 5, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 3 1 15 1 17 18 CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY,5, 1,5 1, 5 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 51, 51, 58, 5, 5, 5, 5, 98, 9, 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,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19
City of Calgary NORTHEAST NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES NORTHEAST TOTAL SALES AUGUST,5 8 NORTHEAST TOTAL SALES BY PRICE RANGE. 18, 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 NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY 9 8 7 5 3 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 3, 355, 35, 35, 3, 335, 7 5 3 1 Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE 3% 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,, 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 TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES AUGUST,5 7 NORTH TOTAL SALES BY PRICE RANGE 18 AUGUST, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 5 3 1 15 1 17 18 NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY 1, 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 39, 39, 39, 39, 388, 38, 38, 38, 38, 378, 37, 5 3 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,, 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 NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES AUGUST 3, NORTHWEST TOTAL SALES BY PRICE RANGE 18 AUGUST,5 5, 1,5 3 1, 5 1 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 15 1 17 18 NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY 1, 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 8, 8, 78, 7, 7, 7, 7, 8,,,, 7 5 3 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,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
City of Calgary WEST WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES WEST TOTAL SALES AUGUST,5 35 WEST TOTAL SALES BY PRICE RANGE 18 AUGUST, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 3 5 15 1 5 15 1 17 18 WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY 1, 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 575, 57, 55, 5, 555, 55, 1 9 8 7 5 3 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,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 3
City of Calgary SOUTH SOUTH TOTAL SALES 3,5 3,,5, 1,5 1, 5 8 9 1 SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES 11 1 13 1 15 1 Detached Apartment Semi Detached AUGUST 17 18 Row 1 Year Average SOUTH TOTAL SALES BY PRICE RANGE 9 8 7 5 3 1 15 1 17 18 18 AUGUST SOUTH INVENTORY AND SALES 1, 1, 1, 1, 8, 15, 1, 5,, SOUTH MONTHS OF INVENTORY 5 3 1 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 395, 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,, 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 AUGUST,5 7 SOUTHEAST TOTAL SALES BY PRICE RANGE 18 AUGUST, 1,5 1, 5 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 5 3 1 15 1 17 18 SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY 1, 1, 8 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Inventory Sales Benchmark Price Jul. 8,,,,, 18, 1, 1, 1, 1, 5 3 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,, 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 TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES EAST TOTAL SALES AUGUST 7 5 EAST TOTAL SALES BY PRICE RANGE 18 AUGUST 5 15 3 1 8 9 1 11 1 13 1 15 1 Detached Apartment Semi Detached 17 18 Row 1 Year Average 1 5 15 1 17 18 EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY 3 5 15 1 5 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. Inventory Sales Benchmark Price May. Jun. Jul. 38, 3, 3, 3, 3, 98, 9, 9, 9, 8 7 5 3 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, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics
CREB Definitions 18 177 11 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