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2014 Jan CREB Calgary Housing Stats

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Calgary Real Estate Housing Stats for Jan 2014 - Jerry Charlton - Remax Realty Professionals 403 831 0842 - JerryCharlton.com

Calgary Real Estate Housing Stats for Jan 2014 - Jerry Charlton - Remax Realty Professionals 403 831 0842 - JerryCharlton.com

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  • 1. CALGARY REGIONAL HOUSING MARKET STATISTICS 1.14 POSITIVE START TO THE NEW YEAR Sales activity and prices improve over 2013 Calgary, Feb. 3, 2014 – On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year. “Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in the condominium sector,” said CREB® chief economist AnnMarie Lurie. “While these are the highest January sales levels since 2008, total sales transactions are in line with long-term trends.” Condominium apartment and townhouse sales totaled 466 units in January, a 33 per cent increase over the same period in 2013. This is relative to the 974 sales in the single family sector, only a 11 per cent increase over the previous year. “Consumers looking for more affordable product turned to Calgary’s condominium market, which was the only sector to record growth in new listings, compared to January 2013,” explained CREB® president Bill Kirk. “The improvement in listings helped ease some of the tightness in the condominium market, however overall conditions continue to favour the seller.” New listings in the condominium apartment and townhouse market totaled 809 units, a combined increase of six per cent. Meanwhile, the single family sector lost momentum with new listings recording an eight per cent year-over-year decline. Overall market conditions continue to remain tight with months of supply remaining below two months. significant change in the supply situation this month, prices continue to rise at higher than expected levels.” The unadjusted single family benchmark price was $476,700 in January, a 0.95 per cent increase over the previous month and a 9.1 per cent increase over the previous year. The availability of lower price single-family product continues to decline, resulting in a shift in sales distribution. In January, 29 per cent of the single family sales activity occurred in the $400,000 - $499,999 price range, making it the category with the highest share of sales. In previous years, the majority of the single family transactions occurred in the $300,000 - $399,000 range. Condominium apartment and townhouse prices totaled $280,600 and $308,100 respectively in January. On average, year-over-year price growth in the townhouse market totaled just more than 8 per cent, compared to the apartment sector increase of nearly 12 per cent. While year-over-year condominium apartment price gains have pushed into double digit growth territory, the unadjusted benchmark price remains 5.5 per cent lower than levels recorded during the high. Kirk noted that “While supply pressures have not yet eased in the market, it is important to note that we remain in one of the traditionally slower months of activity in our housing sector as many consumers are waiting for the more robust spring market ” market.” “Two consecutive years of strong migration levels are expected to support improving housing demand this year, but at a slower pace,” said Lurie. “However, with no CITY OF CALGARY SALES 2,500 2,000 1,500 1,000 500 - SF Sales Apartment Sales      CREB® Calgary Regional Housing Market Statistics TH Sales 10 Year Average Source: CREB®      page 1 d
  • 2. CREB® - SUMMARY STATS Jan-13 CREB® TOTAL RESIDENTIAL Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Benchmark Price Index CREB® CITY OF CALGARY Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Benchmark Price Index CREB® TOWNS Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Benchmark Price Index CREB® CRES Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Median Price Jan-14 Y/Y % 1,588 $685,839,185 3,462 5,713 0.46 97.27% 59 $431,889 $385,300 182 1,844 $839,678,482 3,307 4,830 0.56 97.90% 49 $455,357 $419,900 198 16.12% 22.43% -4.48% -15.46% 21.56% 0.63% -16.65% 5.43% 8.98% 8.98% 1,229 $540,468,922 2,493 3,084 0.49 97.45% 50 $439,763 $392,000 183 1,440 $665,521,811 2,393 2,524 0.60 98.07% 40 $462,168 $429,100 200 245 $85,557,307 542 1,218 0.45 97.11% 82 $349,213 $329,200 173 34 $30,640,900 239 741 0.14 94.78% 155 $901,203 $832,500 Jan-13 Jan-14 2014 YTD Y/Y % 1,588 $685,839,185 3,462 N/A 0.46 97.27% 62 $431,889 1,844 $839,678,482 3,307 N/A 0.56 97.90% 45 $455,357 16.12% 22.43% -4.48% 17.17% 23.14% -4.01% -18.16% 22.06% 0.61% -19.71% 5.09% 9.46% 9.46% 1,229 $540,468,922 2,493 N/A 0.49 97.45% 50 $439,763 1,440 $665,521,811 2,393 N/A 0.60 98.07% 40 $462,168 251 $95,142,321 553 1,141 0.45 97.72% 68 $379,053 $346,500 182 2.45% 11.20% 2.03% -6.32% 0.41% 0.61% -16.63% 8.54% 5.26% 5.25% 245 $85,557,307 542 N/A 0.45 97.11% 105 $349,213 251 $95,142,321 553 N/A 0.45 97.72% 79 $379,053 59 $43,961,800 197 649 0.30 96.43% 100 $745,115 $727,500 73.53% 43.47% -17.57% -12.42% 110.53% 1.65% -35.61% -17.32% -12.61% 34 $30,640,900 239 N/A 0.14 94.78% 150 $901,203 59 $43,961,800 197 N/A 0.30 96.43% 99 $745,115 2013 YTD 21.56% 0.63% -27.42% 5.43% 17.17% 23.14% -4.01% 22.06% 0.61% -20.00% 5.09% 2.45% 11.20% 2.03% 0.41% 0.61% -24.76% 8.54% 73.53% 43.47% -17.57% 110.53% 1.65% -34.00% -17.32% For a list of definitions, see page 20. CREB® Calgary Regional Housing Market Statistics page 2
  • 3. CREB® SUMMARY STATISTICS CITY OF CALGARY Jan-13 SINGLE FAMILY Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Benchmark Price Index CONDO APARTMENT Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Benchmark Price Index CONDO TOWNHOUSE Total Sales Total Sales Volume New Listings Active Listings Sales to New Listings Ratio Sales $ / List $ Average DOM Average Price Benchmark Price Index Jan-14 Y/Y % 878 $436,208,566 1,732 2,075 0.51 97.57% 47 $496,821 $436,900 185 974 $507,148,224 1,584 1,671 0.61 98.09% 40 $520,686 $476,700 202 10.93% 16.26% -8.55% -19.47% 21.30% 0.52% -14.72% 4.80% 9.11% 9.12% 204 $57,133,688 451 640 0.45 96.78% 62 $280,067 $251,300 176 260 $81,816,174 485 577 0.54 97.72% 42 $314,678 $280,600 196 147 $47,126,668 310 369 0.47 97.22% 52 $320,590 $283,400 177 206 $76,557,413 324 277 0.64 98.29% 38 $371,638 $308,100 193 CREB® Calgary Regional Housing Market Statistics Jan-13 Jan-14 2014 YTD Y/Y % 878 $436,208,566 1,732 N/A 0.51 97.57% 47 $496,821 974 $507,148,224 1,584 N/A 0.61 98.09% 40 $520,686 10.93% 16.26% -8.55% 27.45% 43.20% 7.54% -9.84% 18.52% 0.94% -32.23% 12.36% 11.66% 11.68% 204 $57,133,688 451 N/A 0.45 96.78% 62 $280,067 260 $81,816,174 485 N/A 0.54 97.72% 42 $314,678 40.14% 62.45% 4.52% -24.93% 34.08% 1.07% -25.80% 15.92% 8.72% 8.70% 147 $47,126,668 310 N/A 0.47 97.22% 51 $320,590 206 $76,557,413 324 N/A 0.64 98.29% 38 $371,638 2013 YTD 21.30% 0.52% -14.89% 4.80% 27.45% 43.20% 7.54% 18.52% 0.94% -32.26% 12.36% 40.14% 62.45% 4.52% 34.08% 1.07% -25.49% 15.92% page 3
  • 4. MLS® HPI SUMMARY January 2014 Benchmark Price Index (HPI) Dec-13 Jul-13 % Changes Jan-13 Jan-11 Jan-09 CREB® TOTAL RESIDENTIAL Single Family Townhouse Apartment COMPOSITE 459,500 307,000 279,400 419,900 199 193 196 198 0.8% 0.4% 0.7% 0.7% 2.7% 4.6% 4.9% 3.2% 8.5% 8.9% 11.6% 9.0% 21.8% 16.7% 19.6% 20.9% 23.4% 14.9% 18.4% 21.6% CREB® TOWNS Single Family Townhouse Apartment COMPOSITE 351,900 252,200 200,300 346,500 182 204 172 182 -0.1% 0.8% -0.2% 0.0% -0.3% 5.1% 3.1% 0.1% 5.0% 11.9% 4.7% 5.3% 14.3% 20.2% 7.7% 14.4% 11.8% 11.7% 1.4% 11.4% CREB® CITY OF CALGARY Single Family Townhouse Apartment COMPOSITE 476,700 308,100 280,600 429,100 202 193 196 200 0.9% 0.3% 0.7% 0.8% 3.3% 4.6% 4.9% 3.6% 9.1% 8.7% 11.7% 9.5% 23.1% 16.5% 19.8% 21.8% 25.6% 15.2% 18.7% 23.1% CREB® Calgary Regional Housing Market Statistics page 4
  • 5. COMPARISONS Benchmark Price - January 600,000 500,000 400,000 300,000 200,000 100,000 1 storey 2 Storey CREB® Total Residential Total SF CREB® City of Calgary Months of Supply - January Apartment Total Composite Source: CREB® CREB® Towns Sales Distribution - January 120% 9.0 8.0 100% 7.0 6.0 80% 5.0 3.20% 15.94% 13.77% 14.31% 67.30% 8.76% 12.75% 18.06% 67.64% 60% 4.0 3.0 40% 2.0 78.49% 20% 1.0 - Townhouse Months of Supply SF Months of Supply Townhouse CREB® Total Residential CREB® Towns Months of Supply Apartment 0% CREB® Total Residential CREB® City of Calgary CREB® Towns CREB® City of Calgary Single Family Source: CREB® CALGARY INDEX VALUE Townhouse Apartment CRES Source: CREB® CALGARY INDEX YEAR OVER YEAR COMPARISON 15% 210 10% 200 5% 190 0% 180 -5% 170 -10% 160 -15% -20% 150 Index Value Single Family Index Value Tonwhouse Index Value Apartment CREB® Calgary Regional Housing Market Statistics Source: CREB® SF Y/Y Index Price Change Apartment Y/Y Index Price Change Townhouse Y/Y Price Change Source: CREB® page 5 d
  • 6. CREB® CITY OF CALGARY Jan. 1/1/2013 1,229 2,493 3,084 50 439,763 392,000 183 1/1/2014 1,440 2,393 2,524 40 462,168 429,100 200 2013 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index 2014 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index T41275 Calgary Total >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 2 73 232 158 183 150 106 84 50 36 27 50 25 19 15 10 5 2 1 1 1,229 Feb. 2/1/2013 1,706 2,670 3,539 38 457,349 396,100 185 2/1/2014 910 1,568 2,502 34 425,020 NA NA T41640 Jan-14 1/1/2014 41 234 185 206 181 153 134 75 43 47 50 37 13 17 10 5 4 3 2 1,440 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 2,107 3,192 4,007 35 461,038 400,600 187 3/1/2014 NA NA NA NA NA T2013 YTD2013 1/1/2013 2 73 232 158 183 150 106 84 50 36 27 50 25 19 15 10 5 2 1 1 1,229 Apr. 4/1/2013 2,377 3,475 4,366 33 446,168 406,000 189 4/1/2014 NA NA NA NA NA May 5/1/2013 2,535 3,714 4,743 32 461,409 409,600 191 5/1/2014 NA NA NA NA NA Jun. 6/1/2013 2,307 2,998 4,584 35 466,466 412,000 192 6/1/2014 NA NA NA NA NA Jul. 7/1/2013 2,265 2,725 4,092 39 460,232 414,100 193 7/1/2014 NA NA NA NA NA Aug. 8/1/2013 2,193 2,773 3,898 38 453,953 417,300 195 8/1/2014 NA NA NA NA NA Sept. 9/1/2013 1,921 2,794 3,922 36 454,097 417,600 195 9/1/2014 NA NA NA NA NA Oct. 10/1/2013 1,949 2,521 3,841 40 458,761 421,400 197 10/1/2014 NA NA NA NA NA Nov. 11/1/2013 1,725 1,824 3,156 40 458,162 424,600 198 11/1/2014 NA NA NA NA NA Dec. 12/1/2013 1,171 972 2,236 46 454,381 425,700 199 12/1/2014 NA NA NA NA NA YTD 12/1/2013 23,485 32,151 37 456,686 1/1/2014 1,440 2,393 40 462,168 T2014 YTD2014 1/1/2014 41 234 185 206 181 153 134 75 43 47 50 37 13 17 10 5 4 3 2 1,440 CALGARY YTD SALES BY PRICE RANGE YTD JANUARY 35% 30% 25% 20% 15% 10% 5% 0% YTD-2011 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 6 d
  • 7. CITY OF CALGARY CALGARY YTD TOTAL SALES CALGARY YTD TOTAL NEW LISTINGS YTD-JANUARY 2,500 2,000 1,500 1,000 500 0 SF Sales TH Sales Apartment Sales 10 Year Average YTD-JANUARY 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 SF New Listings TH New Listings Source: CREB® Apartment New Listings 10 Year Average Source: CREB® CALGARY MONTHS OF INVENTORY CALGARY INVENTORY AND SALES 500,000 9 4,500 450,000 8 4,000 400,000 7 3,500 350,000 6 3,000 300,000 2,500 250,000 2,000 200,000 1,500 150,000 5,000 100,000 1,000 5 4 3 50,000 - Inventory Sales Benchmark Price 1 - 500 BALANCED 2 - Months of Supply 3 month MA Source: CREB® CALGARY PRICE CHANGE COMPARISON Source: CREB® CALGARY PRICES 480,000 15% 460,000 10% 440,000 5% 420,000 0% 400,000 -5% 380,000 -10% 360,000 -15% 340,000 -20% 320,000 Average Price Y/Y% Change Index Y/Y% Change Y/Y Median Price Change Source: CREB® CREB® Calgary Regional Housing Market Statistics Average Price Benchmark Price Median Price Source: CREB® page 7 d
  • 8. CREB® CITY OF CALGARY SINGLE FAMILY Jan. 1/1/2013 878 1,732 2,075 47 496,821 436,900 185 1/1/2014 974 1,584 1,671 40 520,686 476,700 202 2013 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index 2014 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index SF41275 Calgary SF >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 4 76 122 142 128 102 76 50 34 25 47 23 18 14 8 5 2 1 1 878 Feb. 2/1/2013 1,207 1,874 2,408 37 518,480 442,500 188 2/1/2014 672 980 1,659 33 462,427 NA NA SF41640 Jan-14 1/1/2014 4 47 99 154 150 133 114 69 36 42 46 31 11 15 10 4 4 3 2 974 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 1,479 2,234 2,727 33 518,468 446,500 190 3/1/2014 NA NA NA NA NA SF2013 YTD2013 1/1/2013 4 76 122 142 128 102 76 50 34 25 47 23 18 14 8 5 2 1 1 878 Apr. 4/1/2013 1,607 2,407 2,977 31 510,639 452,900 192 4/1/2014 NA NA NA NA NA May 5/1/2013 1,759 2,657 3,311 31 521,773 456,900 194 5/1/2014 NA NA NA NA NA Jun. 6/1/2013 1,632 2,147 3,199 34 526,918 459,700 195 6/1/2014 NA NA NA NA NA Jul. 7/1/2013 1,573 1,957 2,917 37 524,976 461,600 196 7/1/2014 NA NA NA NA NA Aug. 8/1/2013 1,514 1,964 2,791 37 517,651 464,700 197 8/1/2014 NA NA NA NA NA Sept. 9/1/2013 1,352 1,973 2,789 37 512,087 463,700 197 9/1/2014 NA NA NA NA NA Oct. 10/1/2013 1,333 1,737 2,705 38 516,375 468,000 199 10/1/2014 NA NA NA NA NA Nov. 11/1/2013 1,195 1,233 2,171 39 516,234 470,600 200 11/1/2014 NA NA NA NA NA Dec. 12/1/2013 772 649 1,515 45 527,634 472,200 200 12/1/2014 NA NA NA NA NA YTD 12/1/2013 16,301 22,564 36 517,856 1/1/2014 974 1,584 40 520,686 SF2014 YTD2014 1/1/2014 4 47 99 154 150 133 114 69 36 42 46 31 11 15 10 4 4 3 2 974 CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE YTD JANUARY 40% 35% 30% 25% 20% 15% 10% 5% 0% YTD-2011 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 8 d
  • 9. CITY OF CALGARY SINGLE FAMILY CALGARY YTD SINGLE FAMILY NEW LISTINGS CALGARY YTD SINGLE FAMILY SALES YTD-JANUARY 1,600 1,400 YTD-JANUARY 3,500 3,000 1,200 2,500 1,000 2,000 800 1,500 600 1,000 400 500 200 0 0 SF Sales 10 Year Average 3,500 600,000 3,000 500,000 400,000 2,000 300,000 1,500 200,000 1,000 100,000 500 - - SF Inventory SF Sales SF Benchmark Price 10 Year Average Source: CREB® CALGARY SINGLE FAMILY MONTHS OF INVENTORY CALGARY SINGLE FAMILY INVENTORY AND SALES 2,500 SF New Listings Source: CREB® 9 8 7 6 5 4 3 BALANCED 2 1 - SF Months of Supply 3 month MA Source: CREB® Source: CREB® CALGARY SINGLE FAMILY PRICES CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON 550,000 15% 530,000 510,000 10% 490,000 5% 470,000 450,000 0% 430,000 -5% 410,000 390,000 -10% 370,000 -15% 350,000 SF Average Price Y/Y% Change Index Y/Y% Change SF Median Price Change CREB® Calgary Regional Housing Market Statistics Source: CREB® SF Average Price SF Benchmark Price SF Median Price Source: CREB® page 9 d
  • 10. CITY OF CALGARY CONDOMINIUM TOWNHOUSE Jan. 1/1/2013 147 310 369 52 320,590 283,400 177 1/1/2014 206 324 277 38 371,638 308,100 193 2013 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index 2014 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index TH41275 Calgary Townhouse >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 24 59 19 20 11 2 5 1 2 2 1 1 147 Feb. 2/1/2013 220 343 427 38 337,071 283,000 177 2/1/2014 28 154 277 18 402,500 NA NA TH41640 Jan-14 1/1/2014 8 61 50 32 14 16 7 2 4 3 3 2 1 2 1 206 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 282 398 484 39 355,757 286,800 179 3/1/2014 NA NA NA NA NA TH2013 YTD2013 1/1/2013 24 59 19 20 11 2 5 1 2 2 1 1 147 Apr. 4/1/2013 341 453 518 36 337,119 288,900 181 4/1/2014 NA NA NA NA NA May 5/1/2013 365 423 503 33 340,889 292,100 183 5/1/2014 NA NA NA NA NA Jun. 6/1/2013 317 361 489 39 341,518 295,000 184 6/1/2014 NA NA NA NA NA Jul. 7/1/2013 295 302 407 38 327,570 294,500 184 7/1/2014 NA NA NA NA NA Aug. 8/1/2013 282 359 417 34 331,793 298,500 187 8/1/2014 NA NA NA NA NA Sept. 9/1/2013 245 361 450 31 339,534 299,100 187 9/1/2014 NA NA NA NA NA Oct. 10/1/2013 279 334 444 43 363,890 302,200 189 10/1/2014 NA NA NA NA NA Nov. 11/1/2013 227 238 380 38 353,817 305,700 191 11/1/2014 NA NA NA NA NA Dec. 12/1/2013 179 112 242 48 332,893 307,100 192 12/1/2014 NA NA NA NA NA YTD 12/1/2013 3,179 3,994 38 341,008 1/1/2014 206 324 38 371,638 TH2014 YTD2014 1/1/2014 8 61 50 32 14 16 7 2 4 3 3 2 1 2 1 206 CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE YTD JANUARY 60% 50% 40% 30% 20% 10% 0% YTD-2011 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 10 d
  • 11. CITY OF CALGARY CONDOMINIUM TOWNHOUSE CALGARY YTD TOWNHOUSE NEW LISTINGS CALGARY YTD TOWNHOUSE SALES YTD-JANUARY 350 YTD-JANUARY 600 300 500 250 400 200 300 150 200 100 100 50 - 0 Townhouse Sales 10 Year Average Townhouse New Listings Source: CREB® CALGARY TOWNHOUSE INVENTORY AND SALES 10 Year Average Source: CREB® CALGARY TOWNHOUSE MONTHS OF INVENTORY 600 350,000 9 500 300,000 8 250,000 400 7 6 200,000 200 5 150,000 300 4 100,000 100 50,000 - - TH Inventory TH Sales TH Benchmark Price BALANCED 3 2 1 - TH Months of Supply 3 month MA Source: CREB® Source: CREB® CALGARY TOWNHOUSE PRICES CALGARY TOWNHOUSE PRICE CHANGE COMPARISON 380,000 25% 20% 360,000 15% 340,000 10% 320,000 5% 300,000 0% 280,000 -5% 260,000 -10% -15% 240,000 -20% 220,000 TH Average Price Y/Y % Change Index Y/Y% Change TH Median Price Change CREB® Calgary Regional Housing Market Statistics Source: CREB® TH Average Price TH Benchmark Price Median Price Source: CREB® page 11 d
  • 12. CITY OF CALGARY CONDOMINIUM APARTMENTS Jan. 1/1/2013 204 451 640 62 280,067 251,300 176 1/1/2014 260 485 577 42 314,678 280,600 196 2013 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index 2014 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index A41275 Calgary Apartment >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 2 45 97 17 21 11 2 3 1 3 1 1 204 Feb. 2/1/2013 279 453 704 45 287,733 252,900 177 2/1/2014 210 434 566 41 308,320 NA NA A41640 Jan-14 1/1/2014 29 126 36 20 17 4 13 4 3 2 1 4 1 260 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 346 560 796 41 301,358 257,700 180 3/1/2014 NA NA NA NA NA A2013 YTD2013 1/1/2013 2 45 97 17 21 11 2 3 1 3 1 1 204 Apr. 4/1/2013 429 615 871 41 291,345 261,300 183 4/1/2014 NA NA NA NA NA May 5/1/2013 411 634 929 35 310,096 263,600 184 5/1/2014 NA NA NA NA NA Jun. 6/1/2013 358 490 896 38 301,523 264,000 184 6/1/2014 NA NA NA NA NA Jul. 7/1/2013 397 466 768 50 302,278 267,600 187 7/1/2014 NA NA NA NA NA Aug. 8/1/2013 397 450 690 43 297,807 270,600 189 8/1/2014 NA NA NA NA NA Sept. 9/1/2013 324 460 683 39 298,743 272,900 191 9/1/2014 NA NA NA NA NA Oct. 10/1/2013 337 450 692 43 309,415 276,100 193 10/1/2014 NA NA NA NA NA Nov. 11/1/2013 303 353 605 43 307,308 279,600 195 11/1/2014 NA NA NA NA NA Dec. 12/1/2013 220 211 479 50 296,174 278,600 195 12/1/2014 NA NA NA NA NA YTD 12/1/2013 4,005 5,593 43 299,534 1/1/2014 260 485 42 314,678 A2014 YTD2014 1/1/2014 29 126 36 20 17 4 13 4 3 2 1 4 1 260 CALGARY YTD APARTMENT SALES BY PRICE RANGE YTD JANUARY 60% 50% 40% 30% 20% 10% 0% YTD-2011 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 12 d
  • 13. CITY OF CALGARY CONDOMINIUM APARTMENTS CALGARY YTD APARTMENT NEW LISTINGS CALGARY YTD APARTMENT SALES YTD-JANUARY 450 400 YTD-JANUARY 900 800 350 700 300 600 250 500 200 400 150 300 100 200 50 100 0 0 Apartment Sales 10 Year Average 10 Year Average Source: CREB® CALGARY APARTMENT MONTHS OF INVENTORY CALGARY APARTMENT INVENTORY AND SALES 300,000 1,000 Apartment New Listings Source: CREB® 10 9 900 250,000 800 700 200,000 600 150,000 500 400 100,000 300 200 50,000 100 - - Apartment Inventory Apartment Benchmark Price 8 7 6 5 4 BALANCED 3 2 1 - Apartment Sales Source: CREB® CALGARY APARTMENT PRICE CHANGE COMPARISON Apartment Months of Supply 3 month MA Source: CREB® CALGARY APARTMENT PRICES 25% 340,000 20% 320,000 15% 10% 300,000 5% 280,000 0% 260,000 -5% -10% 240,000 -15% 220,000 -20% 200,000 Apartment Average Price Y/Y% Change Median Price Change Index Y/Y% Change CREB® Calgary Regional Housing Market Statistics Source: CREB® Apartment Average Price Benchmark Price Median Price Source: CREB® page 13 d
  • 14. CREB® TOWNS Jan. Feb. 1/1/2013 2/1/2013 245 256 542 559 1,218 1,381 82 69 349,213 338,531 329,200 332,500 173 175 1/1/2014 2/1/2014 251 168 553 322 1,141 1,786 68 41 379,053 313,967 346,500 NA 182 NA 2013 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index 2014 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index TO41275 CREB Towns >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 7 28 53 44 39 25 21 12 5 3 3 3 1 1 245 TO41640 Jan-14 1/1/2014 1 20 51 26 47 39 31 11 6 12 4 1 1 1 251 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 364 659 1,533 55 364,728 336,100 177 3/1/2014 NA NA NA NA NA TO2013 YTD2013 1/1/2013 7 28 53 44 39 25 21 12 5 3 3 3 1 1 245 Apr. 4/1/2013 431 765 1,705 66 365,877 339,900 179 4/1/2014 NA NA NA NA NA May 5/1/2013 486 773 1,767 64 367,698 343,900 181 5/1/2014 NA NA NA NA NA Jun. 6/1/2013 470 587 1,606 62 370,550 346,200 182 6/1/2014 NA NA NA NA NA July. 7/1/2013 480 671 1,570 60 374,672 346,400 182 7/1/2014 NA NA NA NA NA Aug. 8/1/2013 431 591 1,517 57 364,998 348,100 183 8/1/2014 NA NA NA NA NA Sept. 9/1/2013 377 549 1,443 58 378,736 345,800 182 9/1/2014 NA NA NA NA NA Oct. 10/1/2013 382 513 1,390 59 380,376 345,400 182 10/1/2014 NA NA NA NA NA Nov. 11/1/2013 317 379 1,241 64 392,647 347,900 183 11/1/2014 NA NA NA NA NA Dec. 12/1/2013 201 218 1,008 65 376,726 346,500 182 12/1/2014 NA NA NA NA NA YTD 12/1/2013 4,440 6,806 68 369,588 1/1/2014 251 553 79 379,053 TO2014 YTD2014 1/1/2014 1 20 51 26 47 39 31 11 6 12 4 1 1 1 251 CREB TOWNS YTD SALES BY PRICE RANGE YTD JANUARY 40% 35% 30% 25% 20% 15% 10% 5% 0% YTD-2012 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 14 d
  • 15. CREB® TOWNS CREB TOWNS YTD TOTAL SALES CREB TOWNS YTD TOTAL NEW LISTINGS 400 900 350 800 300 700 250 600 500 200 400 150 300 100 200 50 100 0 0 SF Sales TH Sales Apartment Sales 10 Year Average SF New Listings TH New Listings Source: CREB® CREB TOWNS MONTHS OF INVENTORY CREB TOWNS INVENTORY AND SALES 400,000 1,800 1,600 16 350,000 2,000 Apartment New Listings Source: CREB® 10 Year Average 14 300,000 12 1,200 250,000 10 1,000 200,000 8 150,000 6 100,000 4 50,000 2 - - 1,400 800 600 400 200 - Inventory Sales Benchmark Price BALANCED Months of Supply 3 month MA Source: CREB® CREB TOWNS PRICE CHANGE COMPARISON Source: CREB® CREB TOWNS PRICES 20% 410,000 15% 390,000 370,000 10% 350,000 5% 330,000 0% 310,000 -5% 290,000 -10% 270,000 -15% 250,000 Average Price Y/Y% Change Index Y/Y% Change Median Price Change Source: CREB® CREB® Calgary Regional Housing Market Statistics Average Price Median Price Benchmark Price Source: CREB® page 15 d
  • 16. CREB® COUNTRY RESIDENTIAL Jan. 1/1/2013 34 239 741 155 901,203 1/1/2014 59 197 649 100 745,115 2013 Sales New Listings Active Listings AverageDOM Average Price 2014 Sales New Listings Active Listings AverageDOM Average Price C41275 CRES >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 1 3 2 1 1 2 3 5 5 7 2 1 1 34 Feb. 2/1/2013 72 209 761 104 831,221 2/1/2014 28 98 5,425 3 860,500 C41640 Jan-14 1/1/2014 1 3 2 1 3 1 5 5 2 2 2 11 4 5 6 3 1 1 1 59 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 72 258 897 107 774,036 3/1/2014 NA NA NA C2013 YTD2013 1/1/2013 1 3 2 1 1 2 3 5 5 7 2 1 1 34 Apr. 4/1/2013 84 290 1,001 105 830,942 4/1/2014 NA NA NA May 5/1/2013 104 334 1,123 91 762,134 5/1/2014 NA NA NA Jun. 6/1/2013 99 270 1,138 87 814,436 6/1/2014 NA NA NA Jul. 7/1/2013 90 237 1,132 96 811,453 7/1/2014 NA NA NA Aug. 8/1/2013 95 221 1,157 105 754,478 8/1/2014 NA NA NA Sept. 9/1/2013 96 209 1,034 98 829,119 9/1/2014 NA NA NA Oct. 10/1/2013 80 185 1,007 110 827,605 10/1/2014 NA NA NA Nov. 11/1/2013 79 107 812 110 937,556 11/1/2014 NA NA NA Dec. 12/1/2013 50 71 638 100 937,990 12/1/2014 NA NA NA YTD 12/1/2013 955 2,630 102 824,488 1/1/2014 59 197 99 745,115 C2014 YTD2014 1/1/2014 1 3 2 1 3 1 5 5 2 2 2 11 4 5 6 3 1 1 1 59 CRES YTD SALES BY PRICE RANGE YTD JANUARY 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% YTD-2011 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 16 d
  • 17. CREB® COUNTRY RESIDENTIAL CRES YTD TOTAL NEW LISTINGS CRES YTD TOTAL SALES 70 300 60 250 50 200 40 150 30 100 20 10 50 0 0 CRES Sales 10 Year Average CRES New Listings Source: CREB® 1,000,000 40 900,000 1,200 Source: CREB® CRES MONTHS OF INVENTORY CRES INVENTORY AND SALES 1,400 10 Year Average 35 800,000 30 1,000 700,000 800 600,000 25 500,000 20 400,000 15 600 300,000 400 200,000 200 10 100,000 0 - Inventory Sales Median Price BALANCED 5 - Months of Supply 3 month MA Source: CREB® CRES PRICE CHANGE COMPARISON Source: CREB® CRES PRICES 1,200,000 60% 50% 1,100,000 40% 1,000,000 30% 900,000 20% 10% 800,000 0% -10% 700,000 -20% 600,000 -30% 500,000 Average Price Y/Y% Change Median Price Change Average Price Y/Y% Change 3 month MA CREB® Calgary Regional Housing Market Statistics Source: CREB® Average Price Median Price Average Price 3 month MA Source: CREB® page 17 d
  • 18. CREB® TOTAL RESIDENTIAL Jan. 1/1/2013 1,588 3,462 5,713 59 431,889 385,300 182 1/1/2014 1,844 3,307 4,830 49 455,357 419,900 198 2013 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index 2014 Sales New Listings Active Listings AverageDOM Average Price Benchmark Price Index CT41275 CREB Total >$100,000 $100,000 - $199,999 $200,000 - $299,999 $300,000 -$ 349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $549,999 $550,000 - $599,999 $600,000 - $649,999 $650,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,249,999 $1,250,000 - $1,499,999 $1,500,000 - $1,749,999 $1,750,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,499,999 $3,500,000 - $3,999,999 $4,000,000 + Jan-13 1/1/2013 10 113 301 212 236 186 135 100 59 43 33 57 33 24 22 12 7 2 2 1 1,588 Feb. 2/1/2013 2,128 3,635 6,366 47 453,384 389,300 184 2/1/2014 1,134 2,044 5,425 36 419,456 NA NA CT41640 Jan-14 1/1/2014 6 74 307 221 273 230 198 155 83 59 56 65 43 20 24 13 6 5 4 2 1,844 CREB® Calgary Regional Housing Market Statistics Mar. 3/1/2013 2,676 4,425 7,169 42 451,662 393,800 186 3/1/2014 NA NA NA NA NA CT2013 YTD2013 1/1/2013 10 113 301 212 236 186 135 100 59 43 33 57 33 24 22 12 7 2 2 1 1,588 Apr. 4/1/2013 3,051 4,885 7,854 42 442,246 398,900 188 4/1/2014 NA NA NA NA NA May 5/1/2013 3,303 5,186 8,485 40 453,177 402,700 190 5/1/2014 NA NA NA NA NA Jun. 6/1/2013 3,058 4,186 8,189 42 457,607 404,800 191 6/1/2014 NA NA NA NA NA Jul. 7/1/2013 3,024 3,958 7,646 47 451,453 407,000 192 7/1/2014 NA NA NA NA NA Aug. 8/1/2013 2,895 3,850 7,550 45 445,811 409,900 193 8/1/2014 NA NA NA NA NA Sept. 9/1/2013 2,547 3,776 7,152 45 452,798 409,700 193 9/1/2014 NA NA NA NA NA Oct. 10/1/2013 2,542 3,451 6,944 46 452,367 413,100 195 10/1/2014 NA NA NA NA NA Nov. 11/1/2013 2,229 2,454 5,830 48 465,172 416,300 196 11/1/2014 NA NA NA NA NA Dec. 12/1/2013 1,499 1,348 4,437 52 458,478 416,900 197 12/1/2014 NA NA NA NA NA YTD 12/1/2013 30,540 44,616 43 451,471 1/1/2014 1,844 3,307 45 455,357 CT2014 YTD2014 1/1/2014 6 74 307 221 273 230 198 155 83 59 56 65 43 20 24 13 6 5 4 2 1,844 CREB RESIDENTIAL YTD SALES BY PRICE RANGE YTD JANUARY 35% 30% 25% 20% 15% 10% 5% 0% YTD-2011 YTD-2012 YTD-2013 YTD-2014 Source: CREB® page 18 d
  • 19. CREB® TOTAL RESIDENTIAL CREB RESIDENTIAL YTD TOTAL NEW LISTINGS CREB RESIDENTIAL YTD TOTAL SALES YTD-JANUARY 3,000 YTD-JANUARY 6,000 5,000 2,500 4,000 2,000 3,000 1,500 2,000 1,000 1,000 500 0 0 SF Sales TH Sales Apartment Sales CRES 9,000 450,000 8,000 400,000 7,000 350,000 6,000 300,000 5,000 250,000 4,000 200,000 3,000 150,000 2,000 100,000 1,000 50,000 0 Inventory Sales Benchmark Price Apartment New Listings CRES New Listings Source: CREB® CREB RESIDENTIAL MONTHS OF INVENTORY CREB RESIDENTIAL INVENTORY AND SALES - SF New Listings TH New Listings 10 Year Average Source: CREB® 12 10 8 6 4 BALANCED 2 - Months of Supply 3 month MA Source: CREB® CREB RESIDENTIAL PRICE CHANGE COMPARISON Source: CREB® CREB RESIDENTIAL PRICES 480,000 15% 460,000 10% 440,000 5% 420,000 0% 400,000 -5% 380,000 -10% 360,000 340,000 -15% 320,000 -20% 300,000 Average Price Y/Y Change Index Y/Y% Change Median Price Change Source: CREB® CREB® Calgary Regional Housing Market Statistics Average Price Median Price Benchmark Price Source: CREB® page 19 d
  • 20. DEFINITIONS SF - Single Family LP - List Price TH - Condominium Townhouse Sales $ / List $ - sales price to list price ratio Months of Supply - Active Listings (Inventory) / sales CRES - Country residential properties Composite - includes single family, apartment and townhouse activity YTD - Year to Date Average DOM - Average Days on Market for Sold properties 3 month MA - 3 month Moving Average SP – Sales Price Benchmark Price – Price of the typical home, based on the value consumers assign to various attributes MLS® Home Price Index – changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period. HOW THESE STATISTICS ARE CALCULATED In order to align our data with the MLS® Home Price Index (HPI), we made several changes to the data that we report, as well as the monthly statistics. The new package provides more information and data exclusions to provide a better residential picture. All the data provided through the monthly statistics package as of March 2012, reflect these adjustments. Please note, historical PDF packages do not include the changes. MONTHLY STATISTICS PACKAGE • We now provide monthly statistics for: CREB® Total Residential, CREB® Towns, CREB® Country Residential (CRES), City of Calgary, City of Calgary Single Family, City of Calgary Apartment, City of Calgary Townhouse. • Median prices have been removed and replaced with the benchmark price and the index. • MLS® HPI Summary was added. • Several trending graphs and summary stats were added for each category All categories exclude: vacant lots, time shares, parking stalls and mobile homes on leased land. CITY OF CALGARY • Includes sales in Zones A, B, C, D only. • Condominium Apartment – includes all ‘Condominium’ title properties that are classified by type as either a low-rise or high-rise apartment. • Condominium Townhouse – includes all ‘Condominium’ titled properties that are not classified as an ‘Apartment.’ • Historical inventories have been adjusted to reflect the adjustments made to the data. TOTAL MLS® • • • • Changed to CREB® Total Residential Excludes: Rural Land, Country Recreational (CREC), The exclusions applied to the data results in roughly 400 – 500 less sales per year. Historical inventories have been revised to best reflect the adjustments made to the data, while Mobile Homes, Rural Land and CREC were removed for inventories, we could not exclude vacant lots, time shares and parking stalls from historical inventories. CREB® Towns • Includes only areas outside of Calgary in which CREB® represents the majority of membership • Areas included: Airdrie, Foothills, Kneehill, Mountain View, Rocky View, Wheatland and Willow Creek. • All historical data has been revised ABOUT CREB® CREB® is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 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. For Calgary Metro, CREB® statistics include only Zone A, B, C and D for properties located in Calgary. Furthermore, all historical data has been adjusted to the most current information. 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 www.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® Calgary Regional Housing Market Statistics page 20 d