Calgary Real Estate Market Report

Calgary & Area Real Estate Statistics:

October 2015

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TABLE OF CONTENTS

3 October 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

City of Airdrie Detached Sales Data

19 - 20 City of Airdrie Semi-Detached Sales Data

21-22

City of Airdrie Row Sales Data

23 – 24 City of Airdrie Apartment Sales Data

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Prices Decline For The Second Consecutive Month

SalesAc)vityRemainsWellBelowLong-termAverages

“Elevated inventory levels in October contributed to a second consecutive month of prices declines in Calgary’s resale residential housing market. Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100.” (Source: Calgary Real Estate Board) In case you haven’t noticed, the Calgary Real Estate Board has again changed the categories of the reported market segments. What they used to categorize as “Attached” has now been broken out into two categories; “Semi-Detached” and “Row”. Row is almost always condominium ownership or townhomes and Semi-Detached can be either but is usually fee simple ownership. Well, it looks like we are in for a bit of a bumpy ride! All reported market segments are showing the effects of the economic downturn due to the fall of oil prices and the resulting layoffs. However it is important to note that in some market segments, the market is still better than in 2011. If you are selling during this market climate you will need to get the correct information from your Realtor to make good decisions. Please feel free to call us with any questions you may have. Current market conditions have created excellent buying opportunities for investors. There is more inventory to choose from and the rates are still extremely low! The City of Calgary is predicting that our population will grow to 1,342,600 by 2019 and that 85,000 of that population growth will be new residents, all of whom will need places to live! If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us. Hope this helps! Susanita de Diego

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City of Calgary Detached Homes Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Calgary Detached Homes Sales Data for each month since October of last year.

Month/Year DetachedSales

PreviousMonthEndInventory+InventoryAdded

DuringtheMonth

%ofAvailableInventorySold

DaysonMarket

MonthsofSupply

October2014 1,290 2,571+1,626=4,197 30.74% 36 1.71

November2014 1,033 2,205+1,126=3,331 31.01% 38 1.95

December2015 607 2,015+763=2,778 21.85% 41 2.78

January2015 535 1,687+1,843=3,530 15.16% 37 4.68

February2015 739 2,506+1,674=4,180 17.68% 34 3.99

March2015 1,086 2,950+1,774=4,724 22.98% 37 2.78

April2015 1,152 3,016+1,770=4,786 24.07% 38 2.63

May2015 1,368 3,024+1,877=4,901 27.91% 38 2.13

June2015 1,335 2,913+1,831=4,744 28.14% 37 2.07

July2015 1,221 2,760+1,731=4,491 27.19% 37 2.23

August2015 995 2,728+1,644=4,372 22.76% 37 2.80

September2015 901 2,835+1,711=4,606 19.65% 37 3.35

October2015 872 3,036+1,443=4,479 19.47% 38 3.35

City of Calgary Detached Homes Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Calgary Detached Homes Sales Data for each month since October of last year.

Month/Year DetachedSales PreviousMonthEndInventory+Inventory

AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 872 4,050+1,583=5,633 15.48% 52 4.37

October2012 1,055 2,972+1,426=4,398 23.99% 42 2.58

October2013 1,176 2,390+1,508=3,898 30.17% 39 1.91

October2014 1,290 2,571+1,626=4,197 30.74% 36 1.71

October2015 872 3,036+1,443=4,479 19.47% 38 3.35

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The MLS® Home Price Index (HPI) The MLS® Home Price Index (HPI) was launched on February 6, 2012 as part of a nationwide rollout involving boards in Canada’s largest cities because average and median price changes can misrepresent changes in market price. 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 Detached Benchmark, Average and Median Prices have shown the following progression:

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City of Calgary Semi-Detached Homes Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Calgary Semi-Detached Homes Sales Data for each month since October of last year.

Month/Year Semi-DetachedSales


DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 173 443+274=717 24.13% 41 2.60

November2014 159 449+218=667 23.84% 36 2.65

December2015 103 421+131=552 18.66% 46 3.44

January2015 76 354+298=485 15.67% 42 6.12

February2015 97 465+275=740 13.11% 35 5.55

March2015 158 538+307=845 18.70% 41 3.61

April2015 202 570+265=835 24.19% 39 2.48

May2015 192 501+296=797 24.09% 45 2.52

June2015 179 483+294=777 23.04% 43 2.74

July2015 191 490+283=773 24.71% 44 2.58

August2015 138 492+244=736 18.75% 41 3.66

September2015 103 505+269=774 13.31% 40 5.38

October2015 129 554+296=850 15.18% 41 4.55

City of Calgary Semi-Detached Homes Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Calgary Semi-Detached Homes Sales Data for each month since October of last year.

Month/Year AMachedSales PreviousMonthEndInventory+Inventory

AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 115 549+206=775 15.23% 53 4.45

October2012 127 407+202=609 20.85% 47 3.12

October2013 166 379+248=627 26.48% 40 2.23

October2014 173 443+274=717 24.13% 41 2.60

October2015 129 554+296=850 15.18% 41 4.55

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The following table shows the City of Calgary Semi-Detached Sales Data for each month since October of last year.

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City of Calgary Row Homes Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Calgary Semi-Detached Homes Sales Data for each month since October of last year.

Month/Year RowSales PreviousMonthEndInventory+InventoryAdded

DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 279 490+389=879 31.74% 35 1.84

November2014 252 512+263=775 32.52% 36 1.74

December2015 144 438+172=610 23.61% 43 2.68

January2015 113 386+389=775 14.58% 41 4.85

February2015 155 548+395=943 16.44% 33 4.35

March2015 236 675+374=1,049 22.50% 38 2.88

April2015 258 679+418=1,097 23.52% 42 2.80

May2015 273 722+379=1,101 24.80% 41 2.46

June2015 269 672+385=1,057 25.45% 44 2.39

July2015 255 644+383=1,072 23.79% 44 2.49

August2015 227 636+332=968 23.45% 46 2.79

September2015 181 633+387=1,020 17.75% 41 3.82

October2015 182 692+352=1,044 17.43% 41 3.86

City of Calgary Row Homes Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Calgary Row Homes Sales Data for each month since October of last year.


AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 142 714+261=975 14.56% 52 4.63

October2012 198 503+251=754 26.26% 52 2.36

October2013 251 380+297=677 37.08% 41 1.49

October2014 279 389+490=879 31.74% 35 1.84

October2015 182 352+692=1,044 17.43% 41 3.86

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The following table shows the City of Calgary Row Sales Data for each month since October of last year.

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City of Calgary Apartment Homes Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Calgary Apartment Homes Sales Data for each month since October of last year.

Month/Year ApartmentSales


DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 389 1,078+622=1,700 22.88% 41 2.67

November2014 327 1,039+478=1,517 21.56% 41 2.95

December2015 223 966+303=1,269 17.57% 46 3.65

January2015 155 815+745=1,560 9.94% 55 7.41

February2015 217 1,148+595=1,743 12.45% 40 6.04

March2015 303 1,134+672=2,006 15.10% 43 4.68

April2015 352 1,419+608=2,027 17.37% 45 3.83

May2015 359 1,348+612=1,960 18.32% 48 3.60

June2015 399 1,293+611=1,904 20.96% 48 3.00

July2015 324 1,196+583=1,779 18.21% 47 3.77

August2015 280 1,223+513=1,736 16.13% 47 4.34

September2015 259 1,227+657=1,884 13.78% 49 4.99

October2015 237 1,293+587=1,880 12.61% 50 5.76

City of Calgary Apartment Homes Sales Data Monthly –October 2011 – October 2015 The following table shows the City of Calgary Apartment Homes Sales Data for each month since October of last year.


PreviousMonthEndInventory+Inventory

AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 216 1,236+468=1,704 12.68% 60 5.62

October2012 273 1,050+421=1,471 18.56% 55 3.65

October2013 339 700+451=1,154 29.38% 43 2.02

October2014 389 1,078+622=1,700 22.88% 41 2.67

October2015 237 1,293+587=1,880 12.61% 50 5.76

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The City of Calgary Apartment Benchmark, Average and Median Prices have shown the following progression:

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Rural Rockyview Detached Sales Data Yearly – October 2014 – October 2015 The following table shows the Rural Rockyview Detached Sales Data for each month since October of last year.



DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 37 335+69=404 9.16% 92 8.30

November2014 10 307+49=356 2.81% 116 28.40

December2015 15 284+31=315 4.76% 140 14.67

January2015 19 220+88=308 6.17% 142 13.05

February2015 20 248+76=324 6.17% 74 13.85

March2015 23 277+82=345 6.67% 86 12.87

April2015 28 296+68=364 7.69% 71 10.89

May2015 35 305+87=392 8.93% 78 9.43

June2015 41 330+84=414 9.90% 97 7.93

July2015 29 325+62=387 7.49% 84 10.55

August2015 14 306+68=374 3.74% 73 23.62

September2015 15 314+66=380 3.95% 96 20.27

October2015 22 304+53=357 6.16% 104 13.00

Rural Rockyview Detached Sales Data Monthly – October 2011 – October 2015 The following table shows the Rural Rockyview Detached Sales Data for each month since October of last year.


AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 22 459+73=532 4.14% 102 19.36

October2012 28 468+64=532 5.26% 118 15.36

October2013 30 402+91=493 6.09% 105 12.30

October2014 37 335+69=404 9.16% 92 8.30

October2015 22 304+53=357 6.16% 104 13.00

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Rural Rockyview Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:

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“Persistent weakness in the overall economy continued to impact housing demand in Calgary as October sales were nearly 16 per cent below long-term averages,” said CREB® chief economist Ann-Marie Lurie. “In addition, new listings did not decline enough to prevent inventory gains and, ultimately, price contractions.”

“

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Rural Foothills Detached Sales Data Yearly – October 2014 – October 2015 The following table shows the Rural Foothills Detached Sales Data for each month since October of last year.



DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 15 202+39=241 6.22% 79 12.13

November2014 10 182+19=201 4.98% 103 16.30

December2015 6 163+13=176 3.41% 167 19.83

January2015 8 119+33=152 5.26% 151 15.13

February2015 17 121+39=160 10.63% 139 7.94

March2015 13 135+47=182 7.14% 139 11.69

April2015 15 152+52=204 7.35% 96 11.93

May2015 24 179+63=242 9.92% 102 8.21

June2015 17 197+51=248 6.85% 52 12.41

July2015 16 211+39=250 6.4% 86 13.00

August2015 10 208+39=247 4.05% 56 20.10

September2015 18 204+36=236 7.63% 130 9.89

October2015 14 178+35=213 6.57% 130 11.21

Rural Foothills Detached Sales Data Monthly – October 2011 – October 2015 The following table shows the Rural Foothills Detached Sales Data for each month since October of last year.


AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 16 259+39=298 5.37% 126 14.69

October2012 24 256+44=300 8.00% 132 8.33

October2013 22 205+34=239 9.21% 88 8.50

October2014 15 215+39=254 5.91% 79 13.67

October2015 14 178+35=213 6.57% 130 11.21

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Rural Foothills Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:

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City of Airdrie Detached Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Airdrie Detached Sales Data for each month since October of last year.



DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 106 183+120=303 34.98% 45 1.60

November2014 76 149+81=230 33.04% 38 1.83

December2015 44 131+56=187 23.53% 48 2.89

January2015 41 127+154=281 14.59% 43 5.10

February2015 70 211+149=360 19.44% 35 3.51

March2015 93 248+133=381 24.41% 38 2.62

April2015 92 245+140=385 23.90% 40 2.66

May2015 112 243+159=404 27.72% 41 2.16

June2015 117 243+157=400 29.25% 43 2.06

July2015 106 240+128=368 28.80% 37 2.16

August2015 87 224+127=351 24.79% 40 2.58

September2015 86 227+115=342 25.15% 52 2.55

October2015 64 219+121=340 18.82% 50 3.63

City of Airdrie Detached Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Airdrie Detached Sales Data for each month since October of last year.


AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 54 310+96=406 13.30% 73 5.26

October2012 73 210+82=292 25% 54 2.49

October2013 85 160+86=246 34.55% 38 1.64

October2014 106 183+120=303 34.98% 45 1.60

October2015 64 219+121=340 18.82% 50 3.63

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City of Airdrie Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:

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City of Airdrie Semi-Detached Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Airdrie Semi-Detached Sales Data for each month since October of last year.

Month/Year AMachedSales


DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 12 14+24=38 31.58% 31 1.75

November2014 15 21+7=28 53.57% 41 0.60

December2015 7 9+6=15 46.67% 30 1.00

January2015 4 7+21=28 14.29% 23 5.75

February2015 8 23+20=43 18.60% 42 3.63

March2015 14 29+11=40 35% 43 1.50

April2015 12 21+17=38 31.58% 29 1.83

May2015 9 22+12=34 26.47% 32 2.11

June2015 12 19+20=39 30.77% 36 1.92

July2015 16 23+13=36 44.44% 35 1.31

August2015 12 21+16=37 32.43% 50 1.67

September2015 8 20+10=30 26.67% 26 2.75

October2015 9 22+10=32 28.13% 41 1.89

City of Airdrie Semi-Detached Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Airdrie Semi-Detached Sales Data for each month since October of last year.


AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 3 14+4=18 16.67% 39 3.33

October2012 10 16+6=22 45.45% 43 0.90

October2013 6 4+6=10 60% 31 1.00

October2014 12 14+24=38 31.58% 31 1.75

October2015 9 22+10=32 28.13% 41 1.89

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City of Airdrie Attached Sales Data Benchmark, Average and Median Prices have shown the following progression:

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City of Airdrie Row Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Airdrie Row Sales Data for each month since October of last year.



DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 25 27+21=48 52.08% 36 1.00

November2014 18 25+14=39 46.15% 39 0.83

December2015 4 15+8=23 17.39% 26 4.00

January2015 13 16+22=38 34.21% 41 1.62

February2015 9 21+37=38 23.68% 37 5.11

March2015 18 46+39=85 21.18% 34 3.22

April2015 28 58+38=96 29.17% 41 2.14

May2015 25 60+30=90 27.78% 31 2.32

June2015 28 58+40=98 28.57% 46 2.29

July2015 28 64+38=102 27.45% 48 2.21

August2015 27 62+22=84 32.14% 39 1.89

September2015 12 51+35=86 13.95% 51 5.00

October2015 14 60+34=94 14.89% 59 4.64

City of Airdrie Row Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Airdrie Row Sales Data for each month since October of last year.

Month/Year ApartmentSales PreviousMonthEndInventory+Inventory

AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 5 38+14=52 9.62% 55 7.40

October2012 7 24+16=40 17.50% 50 3.71

October2013 14 13+14=27 51.85% 36 0.93

October2014 25 27+21=48 52.08% 36 1.00

October2015 15 60+34=94 14.89% 59 4.64

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City of Airdrie Apartment Sales Data Benchmark, Average and Median Prices have shown the following progression:

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City of Airdrie Apartment Sales Data Yearly – October 2014 – October 2015 The following table shows the City of Airdrie Apartment Sales Data for each month since October of last year.



DuringtheMonth


DaysonMarket

MonthsofSupply

October2014 16 20+17=37 43.24% 36 1.00

November2014 7 16+13=29 24.13% 36 3.00

December2015 9 21+9=30 30.00% 53 2.22

January2015 7 20+25=45 15.56& 40 5.14

February2015 12 26+25=51 14.81% 29 3.58

March2015 13 43+11=54 24.07% 50 2.77

April2015 6 36+19=55 10.91% 70 7.50

May2015 7 45+22=66 10.61% 36 7.14

June2015 9 50+26=76 11.84% 111 6.22

July2015 13 56+18=74 17.57%% 57 3.92

August2015 8 51+19=70 11.43% 61 5.88

September2015 12 47+17=64 18.75% 50 3.50

October2015 6 42+15=57 10.53% 57 6.00

City of Airdrie Apartment Sales Data Monthly – October 2011 – October 2015 The following table shows the City of Airdrie Apartment Sales Data for each month since October of last year.

Month/Year ApartmentSales PreviousMonthEndInventory+Inventory

AddedDuringtheMonth


DaysonMarket

MonthsofSupply

October2011 6 24+47=71 8.45% 78 7.83

October2012 6 21+8=29 20.69% 97 2.83

October2013 8 22+7=29 27.59% 52 2.13

October2014 16 20+17=37 43.24% 36 1.00

October2015 6 42+15=57 10.53% 57 6.00

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City of Airdrie Apartment Sales Data Benchmark, Average and Median Prices have shown the following progression:

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