The document provides real estate statistics for Calgary and surrounding areas for February 2016. It includes sales data for detached homes, semi-detached homes, row homes, and apartment homes in the city of Calgary as well as detached home sales data for rural areas. The statistics show a 6.63% drop in total housing sales for Calgary in February 2016 compared to the previous year. Prices declined for the fifth consecutive month due to slow sales and high inventory levels.
TENANT SCREENING REPORT SERVICES How Tenant Screening Reports Work
Housing Sales Slower Than Typical February – Calgary Real Estate Report
1. Calgary & Area
Real Estate
Statistics:
February 2016
1
Request Your Free Home
Evaluation Today!
2. TABLE OF CONTENTS
3
February Real Estate Summary
4 - 5
City of Calgary Detached Homes Sales Data
6 - 7
City of Calgary Semi-Detached Homes Sales Data
8 - 9
City of Calgary Row Homes Sales Data
10 - 11
City of Calgary Apartment Homes Sales Data
12 – 13
Rural Rockyview Detached Sales Data
14
Message From The Calgary Real Estate Board
15 – 16
Rural Foothills Detached Sales Data
17 – 18
Cochrane Detached Sales Data
19 - 20
Okotoks Detached Sales Data
2
3. Housing Sales Slower
Than Typical February
Monthly prices decline for fifth consecutive month
“February sales totaled 1,127 units in Calgary, a 6.63 per cent drop over last year and 37
per cent lower than long-term averages for the month.”
(Source: CREB, Calgary Real EstateBoard)
“Slow sales and elevated housing inventory has resulted in further price declines,” said
CREB® chief economistAnn-MarieLurie.
“The high volume of inventory that we’re seeing has pushed sellers to be more realistic
about their pricing expectations and the amount of timetheir properties may be on the
market,” said CREB® president Cliff Stevenson. “Buyers are less likely to submit an offer
if there’s a big gap between the listing price and what they are willing to pay. A solid
selling strategy can really make the difference in this market.”
For those who are selling, it is vital to know how the market is performing for your
specific type of property! For those who are interested in investing in real estate, this is
an ideal market! Interest rates continue to favourborrowers.
Hope this helps!
Susanita de Diego
3
4. City of Calgary Detached Homes Sales Data
Yearly – February 2016 – February 2016
The following table shows the City of CalgaryDetached HomesSales Data for each month for the
last year.
Month/Year Detached
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 740 2,579 + 1,671 = 4,250 17.40% 34 4.02
March 2015 1,079 2,977 + 1,774 = 4,751 22.70% 37 2.81
April 2015 1,150 3,027 + 1,770 = 4,797 24.00% 38 2.65
May 2015 1,362 3,044 + 1,875 = 4,919 27.70% 38 2.15
June 2015 1,331 2,923 +1,830 = 4,753 28.00% 37 2.10
July 2015 1,220 2,789 + 1,731 = 4,520 27.00% 37 2.26
August 2015 994 2,752 + 1,643 = 4,395 22.60% 37 2.85
September 2015 906 2,833 + 1,768 = 4,601 19.70% 37 3.34
October 2015 872 3,029 + 1,441 = 4,470 19.50% 38 3.35
November 2015 797 2,921 + 1,184 = 4,105 19.40% 43 3.37
December 2015 533 2,684 + 791 = 3,475 15.30% 47 4.02
January 2016 467 2,142 + 1,487 = 3,629 12.90% 48 5.45
February 2016 691 2,142 + 1,611 = 3753 18.40% 38 4.26
City of Calgary Detached Homes Sales Data
Monthly – February 2012 – February 2016
The following table shows the City of CalgaryApartment Sales Data year over year for the last five
years.
Month/Year Detached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 1,127 2,507 + 1,762 = 4,269 26.40% 47 2.38
February 2013 1,050 1,790 + 1,623 = 3,413 30.80% 37 1.97
February 2014 1,080 1,440 + 1,556 = 2,996 36.00% 29 1.53
February 2015 740 2,579 + 1,671 = 4,250 17.40% 34 4.02
February 2016 691 2,142 + 1,611 = 3,753 18.40% 38 4.26
4
5. The MLS® Home Price Index (HPI)
The MLS® Home Price Index (HPI) was launched on February6, 2012 as part of a nationwide rollout
involving boards in Canada’slargestcities because average and median price changescan
misrepresent changesin marketprice. We often refer to the median price as being immune from
outliers. However, if there have been large movements in either the low end or high end of the
price spectrum, the median is unable to reflect the price changes.
The MLS® Home Price Index (HPI) was introduced to provide a better measurement of price and
price trends for residential properties. A benchmark home is one that is comprised of a set of
specific attributes that is typical for the area where it is located.
The City of Calgary DetachedBenchmark, Average andMedian Prices have shownthe following
progression:
5
6. City of Calgary Semi-Detached Homes Sales Data
Yearly – February 2015 – February 2016
The following table shows the City of CalgarySemi-Detached HomesSales Data for each month for
the last year.
Month/Year Semi-
Detached
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 95 471 + 275 = 746 12.70% 35 5.73
March 2015 160 544 + 308 = 852 18.80% 41 3.58
April 2015 202 572 + 267 = 839 24.10% 39 2.49
May 2015 192 502 + 300 = 802 23.90% 45 2.54
June 2015 184 488 + 294 = 782 23.50% 43 2.67
July 2015 191 491 + 282 = 773 24.70% 44 2.57
August 2015 138 491 + 246 = 737 18.70% 41 3.67
September 2015 103 506 + 268 = 774 13.30% 40 5.38
October 2015 128 554 + 293 = 847 15.10% 41 4.58
November 2015 108 586 + 200 = 786 13.70% 47 5.06
December 2015 74 546 + 142 = 688 10.80% 53 6.07
January 2016 71 449 + 270 = 719 9.90% 44 7.10
February 2016 109 504 + 285 = 789 13.80% 47 5.10
City of Calgary Semi-Detached Homes Sales Data
Monthly – February 2012 – February 2016
The following table shows the City of CalgarySemi-Detached SalesData year over year for the last
five years.
Month/Year Attached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 154 384 + 250 = 634 24.30% 57 2.66
February 2013 157 286 + 261 = 547 28.70% 37 2.10
February 2014 173 268 + 244 = 512 23.80% 34 1.67
February 2015 95 471 + 275 = 746 12.70% 35 5.73
February 2016 109 504 + 285 = 789 13.80% 47 5.10
6
7. The following table shows the City of Calgary Semi-Detached Sales Data for each
month since February of last year.
7
8. City of Calgary Row Homes Sales Data
Yearly – February 2015 – February 2016
The following table shows the City of CalgaryRow Homes Sales Data for each month for the last
year.
Month/Year Row Sales Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 156 544 + 396 = 940 16.60% 33 4.31
March 2015 236 672 + 375 = 1,047 22.50% 38 2.88
April 2015 259 679 + 419 = 1,098 23.60% 42 2.80
May 2015 273 724 + 380 = 1,104 24.70% 41 2.46
June 2015 268 672 + 385 = 1,057 25.40% 44 2.41
July 2015 255 645 + 390 = 1,035 24.60% 44 2.53
August 2015 227 644 + 339 = 983 23.10% 46 2.85
September 2015 181 648 + 402 = 1,050 17.20% 41 3.99
October 2015 184 722 + 369 = 1,091 16.90% 41 4.06
November 2015 161 747 + 308 = 1,055 15.30% 50 4.60
December 2015 120 740 + 215 = 955 12.60% 47 5.33
January 2016 99 640 + 385 = 1,025 9.66% 51 7.37
February 2016 159 730 + 373 = 1,103 14.42% 52 4.91
City of Calgary Row Homes Sales Data
Monthly – February 2012 – February 2016
The following table shows the City of CalgaryRow Home Sales Data year over year for the last five
years.
Month/Year Attached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 184 468 + 333 = 801 22.97% 52 2.96
February 2013 207 334 + 317 = 651 31.80% 37 1.85
February 2014 229 230 + 324 = 554 41.34% 27 1.25
February 2015 156 544 + 396 = 940 16.60% 33 4.31
February 2016 159 730 + 373 = 1,103 14.42% 52 4.91
8
9. The following table shows the City of Calgary Row Sales Data for each month since
February of last year.
9
10. City of Calgary Apartment Homes Sales Data
Yearly – February 2015 – February 2016
The following table shows the City of CalgaryApartmentHomes Sales Data for each month for the
last year.
Month/Year Apartment
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 216 1,198 + 593 = 1,791 12.10% 40 6.19
March 2015 302 1,338 + 672 = 2,010 15.00% 43 4.72
April 2015 352 1,426 + 608 = 2,034 17.30% 45 3.88
May 2015 359 1,367 +613 = 1,980 18.10% 48 3.65
June 2015 399 1,310 + 611 = 1,921 20.80% 48 3.04
July 2015 324 1,212 + 582 = 1,794 18.10% 47 3.84
August 2015 281 1,245 + 514 = 1,759 16.00% 47 4.37
September 2015 259 1,227 + 657 = 1,884 13.70% 49 4.99
October 2015 237 1,293 + 587 = 1,888 12.60% 50 5.76
November 2015 195 1,366 + 489 = 1,855 10.50% 50 6.94
December 2015 152 1,353 + 343 = 1,696 9.00% 56 7.39
January 2016 128 1,124 + 600 = 1,724 7.42% 59 9.84
February 2016 168 1,260 + 637 = 1,897 8.86% 50 8.35
City of Calgary Apartment Homes Sales Data
Monthly February 2012 – February 2016
The following table shows the City of CalgaryApartment Sales Data year over year for the last five
years.
Month/Year Apartment
Sales
Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 250 941 + 515 = 1,456 17.17% 51 4.13
February 2013 282 667 + 455 = 1,122 25.13% 44 2.54
February 2014 360 560 + 579 = 1,139 31.61% 33 1.87
February 2015 216 1,198 + 593 = 1,791 12.10% 40 6.19
February 2016 168 1,260 + 637 = 1,897 8.86% 50 8.35
10
11. The City of Calgary Apartment Benchmark,Average and Median Prices have shown
the following progression:
11
12. Rural Rockyview Detached Sales Data
Yearly – February 2015 – February 2016
The following table shows Rural Rockyview Detached Homes Sales Data for each month for the last
year.
Month/Year Detached
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 20 248 + 76 = 324 6.17% 74 13.85
March 2015 23 277 + 82 = 345 6.67% 86 12.87
April 2015 28 296 + 68 = 364 7.69% 71 10.89
May 2015 35 305 + 87 = 392 8.93% 78 9.43
June 2015 41 330 + 84 = 414 9.90% 97 7.93
July 2015 29 325 + 62 = 387 7.49% 84 10.55
August 2015 14 306 + 68 = 374 3.74% 73 23.62
September 2015 15 314 + 66 = 380 3.95% 96 20.27
October 2015 22 305 + 53 = 358 6.15% 104 13.00
November 2015 19 287 + 41 = 328 5.80% 106 14.05
December 2015 16 270 + 46 = 316 5.10% 136 13.38
January 2016 5 213 + 65 = 278 1.80% 83 46.40
February 2016 16 232 + 68 = 300 5.33% 59 16.06
Rural Rockyview Detached Sales Data
Monthly – February 2012 – February 2016
The following table shows the Rural Rockyview Detached Homes Sales Data year over year for the
last five years.
Month/Year Detached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 32 312 + 89 = 401 7.98% 90 10.31
February 2013 35 314 + 90 = 404 8.66% 83 10.00
February 2014 28 268 + 95 = 363 7.71% 145 10.32
February 2015 20 248 + 76 = 324 6.17% 74 13.85
February 2016 16 232 + 68 = 300 5.33% 59 16.06
12
13. Rural Rockyview Detached Sales Data Benchmark, Average and Median Prices have
shown the following progression:
13
14. “Slow sales and elevated housing
inventory has resulted in further
price declines” said CREB® chief
economist Ann-Marie Lurie.
“
”
14
15. Rural Foothills Detached Sales Data
Yearly – February 2015 – February 2016
The following table shows Rural Foothills Detached Homes Sales Data for each month for the last
year.
Month/Year Detached
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 17 124 + 40 = 164 10.37% 139 8.18
March 2015 14 139 + 47 = 186 7.50% 139 12.00
April 2015 14 156 _ 54 = 210 6.67% 98 13.21
May 2015 24 185 +63 = 248 9.68% 102 8.38
June 2015 17 201 + 51 = 252 6.75% 52 12.59
July 2015 16 214 + 40 = 254 6.30% 86 13.25
August 2015 10 212 + 39 = 251 3.98% 56 20.40
September 2015 18 204 + 36 = 236 7.63% 130 9.89
October 2015 15 178 + 36 = 214 7.01%% 123 10.47
November 2015 14 157 + 23 = 180 7.78% 81 9.86
December 2015 13 139 + 15 = 154 8.40% 98 8.31
January 2016 6 109 + 33 = 142 4.23% 125 18.00
February 2016 7 108 + 41 = 149 4.70% 64 17.14
Rural Foothills Detached Sales Data
Monthly – February 2012 – February 2016
The following table shows the Rural Foothills Detached Sales Data year over year for the last five
years.
Month/Year Detached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 14 180 + 50 = 230 6.09% 90 14.14
February 2013 15 160 + 47 = 207 7.25% 123 11.53
February 2014 10 120 + 55 = 175 5.71% 114 14.80
February 2015 17 124 + 40 = 164 10.37% 139 8.12
February 2016 7 108 + 41 = 149 4.70% 64 17.14
15
16. Rural Foothills Detached Sales Data Benchmark, Average and Median Prices have
shown the following progression:
16
17. Cochrane Detached Sales Data
Yearly – February 2015 – February 2016
The following table shows Cochrane Detached Homes Sales Data for each month for the last year.
Month/Year Detached
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 16 94 + 62 = 156 10.30% 36 7.44
March 2015 33 119 + 73 = 192 17.20% 56 4.09
April 2015 25 135 + 68 = 203 12.30% 47 6.24
May 2015 41 156 + 71 = 227 18.10% 48 3.98
June 2015 37 163 + 71 = 234 15.80% 58 4.49
July 2015 35 166 + 60 = 226 15.50% 51 4.66
August 2015 38 163 + 66 = 229 16.60% 58 3.89
September 2015 30 148 + 74 = 222 13.50% 55 5.47
October 2015 33 164 + 52 = 216 15.30% 44 4.52
November 2015 27 149 + 54 = 203 13.30% 82 5.44
December 2015 19 147 + 25 = 172 11.00% 76 6.42
January 2016 26 122 + 65 = 187 13.90% 69 5.15
February 2016 22 134 + 58 = 192 11.46% 76 6.59
Cochrane Detached Sales Data
Monthly – February 2012 – February 2016
The following table shows Cochrane Sales Data year over year for the last five years.
Month/Year Detached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2011 19 137 + 46 = 183 10.38% 90 7.58
February 2012 16 93 + 62 = 155 10.32% 72 7.44
February 2013 39 80 + 63 = 143 27.27% 50 2.15
February 2014 16 94 + 62 = 156 10.30% 36 7.44
February 2015 22 134 + 58 = 192 11.46% 76 6.59
17
18. Cochrane Detached Sales Data Benchmark,Average and Median Prices have shown
the following progression:
18
19. Okotoks Detached Sales Data
Yearly – February 2015 – February 2016
The following table shows the OkotoksDetached Sales Data for each month for the last year.
Month/Year Detached
Sales
Previous Month End
Inventory + Inventory Added
During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2015 19 102 + 68 = 170 11.20% 27 7.05
March 2015 45 134 + 80 = 214 21.00% 37 3.58
April 2015 36 161 + 63 = 224 25.50% 39 4.47
May 2015 43 161 + 91 = 252 17.10% 47 4.02
June 2015 46 173 + 78 = 251 18.30% 56 3.57
July 2015 50 164 + 79 = 243 20.60% 69 3.48
August 2015 37 174 + 63 = 237 15.60% 45 4.68
September 2015 37 173 + 5 = 232 15.90% 55 4.43
October 2015 33 164 + 69 = 233 14.20% 62 4.88
November 2015 33 161 + 42 = 203 16.30% 66 4.12
December 2015 22 136 + 40 = 176 12.50% 65 5.59
January 2016 24 124 + 84 = 208 11.54% 59 6.46
February 2016 26 150 + 78 = 228 11.40% 59 7.27
Okotoks Detached Sales Data
Monthly – February 2012 – February 2016
The following table shows OkotoksSales Data year over year for the last five years.
Month/Year Detached Sales Previous Month End
Inventory + Inventory
Added During the Month
% of Available
Inventory Sold
Days on
Market
Months of
Supply
February 2012 26 125 + 64 = 129 20.16% 65 5.42
February 2013 29 97 + 63 = 160 18.13% 78 4.00
February 2014 42 74 + 46 = 120 35.00% 36 1.64
February 2015 19 102 + 68 = 170 11.20% 27 7.05
February 2016 26 150 + 78 = 228 11.40% 59 7.27
19
20. Okotoks Detached Sales Data Benchmark,Average and Median Prices have shown
the following progression:
20
21. Curious About the
Value of Your Home?
As you can see, current market conditions play a
critical role in determining the value of your home.
Equally important however, is having an experienced
and knowledgeable professional Realtor® on your side.
Coldwell Banker Complete Real Estate would welcome
the opportunity to discuss any of your Real Estate
needs at your convenience.
#yesyoumatter
Request Your Free Home
Evaluation Today!
Coldwell Banker Complete Real Estate
Phone: 403-686-1455
21