2020 02 29 Remax - AvenueHQ · Title: Microsoft PowerPoint - 2020_02_29_Remax Author: marks Created...

2020 StatsTO FE B 2 9

2020 (FEB REVIEW)CITY & COUNTY OF GRANDE PRAIRIE

Primarily The House Market

1. VOLUMES OF SALES (FEB)What Sold. Where it Sold – Comparing w/ Prior Years

2. INVENTORY / CONSUMPTION (FEB)Inventory, and 3 methods of determining how quickly houses are selling

3. VALUE OF SALESCompared to previous years

4. DISCOUNT FROM LISTNegotiation room on listings

1915

130

74 3 1 3

14

2

43

106

1 2 29

612

99

3 310

3

11

1 1

25

72 4 2

16

4

12

115

6 63 1

5

17

14

28

73 2 1

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MH

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MH

/Rnt

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es

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Grande Prairie, City Grande Prairie, County of

Jan 1 to Feb 29, 2020 Volume of Residential Sales in the City & County Of GP (New & Resale Combined)

2018 2019 2020

45 4267

51 61

2914

3014 9 9

86109

117130

123

107

87

114116

90106

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

2010 to 2020: Year Over Year Comparison; First 2-Months of House Sales for the City Of GP (New & Resale)

New Built Resale

20

9

2025

18 2012

21

1016 13 10

5 9 7

21

8 11 9 9 8 12 10 9 8

22

10 11 11 159 7 7 4

115 9 5 9 11 13 12

7 10 127 9

3 27 7 10

18

6 5 5 510

4 82

7 6

49

58

85

93

133

116

9976

7961

55

47

41

46

67

76

74

80

57

73

6261

44 43 47

67

78 72

83

89

83 87 89

67

78

47

5759

10199

132126

118105

107

75 68

42 43

47

76

105

112

106

94 98 97 83

6145

44

62

26

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan MarMay Jul Sep Nov Jan Mar

2015 2016 2017 2018 2019 2020

VOLUME OF HOUSE SALES PER MONTH IN THE CITY OF GP OVER THE LAST 5 YEARS (UP TO MARCH 9)

New Built Resale

55

89 8883

94

104

92 94 96

71

89

52

66 64

110 110

145138

125

115119

8277

454554

83

115

130

112

99103 102

93

65

5346

69

32

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Current & Last 3 Years of House Sales Per Month in the City Of GP (New & Resale Combined) - Up to Mar 9, 2020

2017 2018 2019 2020

1 3 3 1 125

1318

3023

54

2 1= or <

$150000= or <

$200000= or <

$250000= or <

$300000= or <

$350000= or <

$400000= or <

$450000= or <

$500000= or <

$550000= or <

$600000= or <

$700000

Volume of House Sales from Jan 1 to Feb 29 in the Specified $50K Price Category in the City Of GP (New & Resale)

New Built Resale

2

4

15

33

37

2019

10

1 1 12

5

16

28

31

29

7

54

211

4

10

2019

27

11

23

1 12

5

13

18

31

26

8

5

12

1

= or <$150000

= or <$200000

= or <$250000

= or <$300000

= or <$350000

= or <$400000

= or <$450000

= or <$500000

= or <$550000

= or <$600000

= or <$650000

= or <$700000

= or <$750000

= or <$800000

Year Over Year Comparison: Volume of House Sales from Jan 1 to Feb 29 in the Specified $50K Price Category in the City Of GP (New & Resale Combined)

2017 2018 2019 2020

433348

279 258

374325 347

194118 120 107 87

929

683 670

800

925

1045

1265

951

724

887

1089

967

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Volume of Resale & New Houses Sold in the City Of GP Per Year (Jan to Dec 31, 2019)

New Built Resale

433

348

279 258

374325 347

194

118 120 107 87

929

683 670

800

925

1045

1265

951

724

887

1089

967

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Volume of Resale & New Houses Sold in the City Of GP Per Year (Jan to Dec 31, 2019)

New Built Resale

32%

34%

29%

24%

29%

24%

22%

17%

14%

12%

9%8%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Percentage of Houses Sold in 2019 the City Of GP that were New (Compared to

the Total No. of Houses Sold)

456,875

383,544

349,063 333,821 341,789 335,515 331,820

288,208 267,974 259,364 265,574

247,114

61 137 227 127 97 37 27 50 53 59 23 29

5 10 15 20 25 30 35 40 45 50 55 60

Average Sell Price for Different Aged Houses in GP in 2019

18%

29%

64%

87%92%

99% 97% 100% 98%92%

1-5 yrs 6-10 yrs 11-15 yrs 15-20 yrs 21-25 yrs 26-30 yrs 31-35 yrs 36-40 yrs 41-45 yrs 46-50 yrs

Houses with Basements that had any Development when it Sold in 2019

5749 51

63

7871

117

6050 52

65

48

159

97

112

176

192 188

243

186

128

178

232

200

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Volume of Resale & New Houses Sold in the County Of GP Per Year (Jan to Dec 31, 2019)

New Built Resale

26%

34%

31%

26%

29%27%

33%

24%

28%

23% 22%

19%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Percentage of Houses Sold in 2019 in the County Of GP that were New (Compared

to the Total No. of Houses Sold)

12% 12%

15%

20%17% 18%

25%24%

30% 30%

38%36%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Of all New Houses that Sold in the City & County of GP, What Percentage Sold in the County (Jan 1 to Dec 31)

1 1 1 12

12

1

5

1

52

12

42 2

97

9

3

21

6

1 1

7

3 12

79

17

1

2

13

12

13

1

2

214

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Grande Prairie, City Grande Prairie,County of

Volume of Houses Sold In Each Subdivision in the City & County of GP Between Jan 1 to Feb 29, 2020 (Alphabeticalized) (New & Resale Combined)

New Built Resale

1 12

1 1 12

5

1

9 9 97 7 7 7

65

43

21

23

23

2 2 21

2 21 1 1 1 1 1 1 1 1

142

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Grande Prairie, City Grande Prairie,County of

Volume of Houses Sold In Each Subdivision in the City & County of GP Between Jan 1 to Feb 29, 2020 (By Volume) (New & Realse Combined)

New Built Resale

2020 (FEB)CITY & COUNTY OF GRANDE PRAIRIE

Primarily The House MarketPre-Owned market – comparing to new





2013 2014 2015 2016 2017 2018 2019 2020

268242

397373

329

296

253266

2020: Change in March 1 House Inventory over 8 Years in the City of GP (New & Resale)

Mar ‘19 Apr ‘19 May ’19 Jun ‘19 Jul ’19 Aug ‘19 Sep ’19 Oct ’19 Nov ’19 Dec ’19 Jan ’20 Feb ’20 Mar ‘20

253

286

313 313

338 347358

339

301282

221236

266

2020: Change in House Inventory over Last 13 Months in the City of GP up to March 1, 2020 (New & Resale Combined)

6 5

20

42

55

73

42

24

10 9

42

4 4

16

30

45

63

37

21

12 13

2 23 37

34

46

60

43

30

19

13

13

= or <$150000

= or <$200000

= or <$250000

= or <$300000

= or <$350000

= or <$400000

= or <$450000

= or <$500000

= or <$550000

= or <$600000

= or <$650000

= or <$700000

House

2020: Change in March 1 House Inventory per 50K Price Point over 3 Years in the City of GP (New & Resale)

Sum of Mar/01/18 Sum of Mar/01/19 Sum of Mar/01/20

0 0 0 314 21

93 7

3443

4622

21

= or < $200000 = or < $250000 = or < $300000 = or < $350000 = or < $400000 = or < $450000 = or < $500000

House Inventory in the City of GP as of March 1, 2020New Built Resale

3 2 14

7 7

1715

42

= or < $200000 = or < $250000 = or < $300000 = or < $350000 = or < $400000 = or < $450000 = or < $500000

House Sales in the City of GP in Feb, 2020New Built Resale

3

7

34

46

60

43

30

47 7

17 18

63

= or <$200000

= or <$250000

= or <$300000

= or <$350000

= or <$400000

= or <$450000

= or <$500000

March 1 House Inventory & February Sales in the City of GP (New & Resale Combined)

March 1 Inventory February Sales

0.75 1.00

4.86

2.713.33

7.17

10.00

= or <$200,000

= or <$250,000

= or <$300,000

= or <$350,000

= or <$400,000

= or <$450,000

= or <$500000

Months of House Inventory in the City of GP Calculated by Dividing March 1 Inventory by

February Sales (New & Resale Combined)

4044

5658

5450

2014 2015 2016 2017 2018 2019

Average Days Houses were on the Market (DOM) in GP in Jan & Feb GP before selling

34% 33%

19%

13%

46%

19% 20%

15%

0-30 Days 31-60 Days 61-90 Days >90 Days

How Long Resale Houses were Listed Before Selling In Jan & Feb, 2020

2019 2020

144136

174185

227

215

196

217

166

153

124

86

240

167

214

233

176

193189

154

165161

117

81

164

121

184173174172

142148150

129

112

63

166

141

154

126

214

199

240

154

133

149

102

48

135

108

149

195

220

208

159

176

138133

86

57

121121

146

178178184

155

170163

129

98

48

126

137

50

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar

2014 2015 2016 2017 2018 2019 2020

What Year & Month Houses were Listed in Grande Prairie (New & Resale Combined) - To March 9, 2020

148,267

438,533

261,308

337,538

175,167

117,667

183,000

327,500

477,411

209,643

65,400

265,950

9 6 12 99 3 3 10 1 25 7 2 4

180,906

393,725

281,225

326,207

192,983

35,167

141,000

453,825

409,409

179,114

63,300

189,950

16 4 12 115 6 6 3 4 28 7 3 2

Condo FullDuplex HalfDuplex House MH/Lnd MH/Rnt Twnhse FullDuplex House MH/Lnd MH/Rnt Twnhse


Jan To Feb 29, 2020 Average Sell Price of Houses (New & Resale Combined)

1426 1807 1403 1362 1031 949 1058 1299 1370 1612 1145 842 1007 1196 1054 147296 319 251 216 146 163 239 270 259 360 246 178 230 297 248 35

212,363

292,902 314,765

299,849 281,839 281,066 285,727

304,884 324,128

351,333 347,321 327,165 326,289

336,155 342,636 334,879

225,599

275,437

302,059

330,722 311,579 312,309 316,192

342,491

405,533

440,201 437,258 421,285

403,954 423,133

433,357

407,399

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Average Value of All Houses (New & Resale Combined) Sold in the City & County of GP Year over Year Since 2005 up to March 9, 2020

Average of Sell Price - Grande Prairie, City Average of Sell Price - Grande Prairie, County of

258 374 325 347 194 118 120 107 87 15 800 925 1045 1265 951 724 887 1089 967 13263 78 71 117 60 50 52 65 48 6 176 192 188 243 186 128 178 232 200 29

322,771 340,525

367,978

407,685

434,524

409,526

435,984 435,211 448,821

421,537

273,780 290,474

310,491

335,875 329,532 313,741 311,448

326,423 333,083 325,031

418,763

444,465

504,213

549,264

571,601 557,566

582,015

546,914

601,133 586,942

279,476

301,063

368,266 387,690 393,921

368,050 351,936

388,452 393,091

370,252

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

New Built Resale

Average Price of New & Resale Houses in the City & County of GP Since 2011 up to March 9, 2020

Average of Sell Price - Grande Prairie, City Average of Sell Price - Grande Prairie, County of

83502 7 7 14 9 15 25 43 333 1426 1807 1403 1362 1031 949 1058 1299 1370 1612 1145 842 1007 1196 1054 147-

173,750

113,000 122,100 117,086

129,264

154,084 159,790

168,405

189,613

212,363

292,902

314,765

299,849 281,839

281,066 285,727

304,884

324,128

351,333 347,321

327,165 326,289

336,155 342,636

334,879

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Volume & Avg Value of Houses Sold in GP in Matrix up to Mar 9, 2020 (New & Resale Combined)

13 3

1 1 2 2 1 13 2

5

13

18

3023

5

4

2 13

13 4

2 1 21 3

11

= or

< $

1000

00

= or

< $

1500

00

= or

< $

2000

00

= or

< $

2500

00

= or

< $

3000

00

= or

< $

3500

00

= or

< $

4000

00

= or

< $

4500

00

= or

< $

5000

00

= or

< $

5500

00

= or

< $

6000

00

= or

< $

7000

00

= or

< $

1000

00

= or

< $

1500

00

= or

< $

2500

00

= or

< $

3000

00

= or

< $

3500

00

= or

< $

4000

00

= or

< $

5000

00

= or

< $

5500

00

= or

< $

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00

= or

< $

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00

= or

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= or

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Price Range of Houses Sold Between Jan 1 and Feb 29, 2020

New Built Resale

395,000

199,980

382,833

190,500

487,450

368,250 354,950

398,750

285,111

334,143

414,322

329,375

277,500

200,000

130,917

271,500 250,000

365,843

266,367

459,500 431,133

262,857

325,500

382,387 365,129

239,300

481,500

220,000

300,967

244,000

416,000

320,500

242,500

695,833

457,500

644,333

544,150

226,886

1 5 3 1 2 4 2 2 9 7 9 4 2 1 6 1 1 7 3 2 3 7 9 3 7 1 3 1 3 1 2 2 1 3 1 3 7 14

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Grande Prairie, City Grande Prairie, Countyof

Avg Value of Houses Sold in Each Subdivision From Jan 1 to Feb 29, 2020 (New & Resale Combined)

487,

450

481,

500

459,

500

431,

133

416,

000

414,

322

398,

750

395,

000

382,

833

382,

387

368,

250

365,

843

365,

129

354,

950

334,

143

329,

375

325,

500

320,

500

300,

967

285,

111

277,

500

271,

500

266,

367

262,

857

250,

000

244,

000

242,

500

239,

300

220,

000

200,

000

199,

980

190,

500

130,

917

695,

833

644,

333

544,

150

457,

500

226,

886

2 3 2 3 2 9 2 1 3 3 4 7 7 2 7 4 9 2 3 9 2 1 3 7 1 1 1 1 1 1 5 1 6 3 3 7 1 14

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G R A N D E P R A I R I E , C I T Y G R A N D E P R A I R I E , C O U N T Y O F

AVG VALUE OF HOUSES SOLD IN EACH SUBDIVISION FROM JAN 1 TO FEB 29, 2020 (HIGHEST TO LOWEST VALUE) (NEW & RESALE

COMBINED)

2.08%1.95%

1.64%

1.94%1.77%

1.87% 1.83%

2.17%

1.86%2.00%

2.35%2.23%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Jan 1 - Dec 31, 2019 List to Sell Discount on Resale Houses based on Month of Sale (City of GP) (250-500K)

1.36% 1.40%1.50%

2.53%2.41%

2.27%

2.01%

2.41%

2013 2014 2015 2016 2017 2018 2019 2020

Change in List to Sell discount in Jan & Feb on Resale Houses Year over Year (City of GP) (250-500K)

3.01%

2.62%2.73%

1.93%

1.15%

2.77%

= or < $250000 = or < $300000 = or < $350000 = or < $400000 = or < $450000 = or < $500000

Jan 1 - Feb 29, 2020 List to Sell Discount on Resale Houses based on Value (City of GP)

1.06%1.19%

1.93%2.05%

2.22%

2.73%

2.30%

2.71%

2.30%

10 20 30 40 50 60 70 80 90

Jan 1 - Feb 29, 2020 List to Sell Discount on Resale Houses based Days On Market (City of GP) (250-500K)

2020 02 29 Remax - AvenueHQ · Title: Microsoft PowerPoint - 2020_02_29_Remax Author: marks Created...

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Transcript of 2020 02 29 Remax - AvenueHQ · Title: Microsoft PowerPoint - 2020_02_29_Remax Author: marks Created...