November November 2019 2019 - Calgary · CREB® Calgary Regional Housing Market Statistics 2....

November 2019November 2019

MONTHLY STATISTICS PACKAGE

CREB® Region Report

79%

6%

6%

4% 1% 2% 2%

SHARE OF SALES November 2019

Calgary

Airdrie

Rocky View Region

Foothills Region

Mountain ViewRegionWheatland Region

Other Active Areas

Source: CREB®

REGIONAL HIGHLIGHTSDecember 2, 2019

Airdrie• Sales activity continue to improve in

November compared to last year. This caused year-to-date sales to rise to 1,146 units, an increase over last year and consistent with long-term averages.

• The rise in sales continued to be met with a pullback in new listings, resulting in inventory declines. This helped reduce the months of supply and November levels are much closer to balanced conditions.

• Easing oversupply has helped reduce the downward pressure on prices this month. However, it was not enough to offset earlier declines. The year-to-date benchmark price in Airdrie was $332,345, three per cent below last year’s levels.

Cochrane• November sales eased compared to the

previous year, but it was not enough to offset earlier gains, as year-to-date sales remained just above last year’s levels.

• The notable adjustment this month was in new listings, which eased enough to offset any declines in sales. This caused further inventory reductions compared to last year. While the months of supply did not shift much this month, year-to-date levels have eased from the previous year and remain just above longer-term averages.

• Despite supply reductions, the market remains oversupplied, which continues to weigh on prices. In November, prices the benchmark price was $394,200, lower than last month and more than four per cent below last year’s levels.

Okotoks• November sales continued to improve

over the low levels of activity recorded last year. The steady gains have caused year-to-date sales to rise above last year’s levels but remain below longer-term averages.

• Inventory levels have also been easing, thanks to a rise in sales and reduction in new listings. While the market remains oversupplied, these adjustments are supporting moves toward more balanced conditions.

• Prices in this market have been slower to adjust. In November, the unadjusted benchmark price was $412,100, lower than last month and over two per cent lower than last year.

Nov. 19

CREB® Calgary Regional Housing Market Statistics 2

CREB® Region Summary

November 2019Sales

New Listings

Sales to New Listings Ratio

InventoryMonths of Supply

Benchmark Price

Average Price

Median Price

Share of Sales Activity

City of Calgary 1,160 1,848 62.77% 5,858 5.05 419,100 441,418 400,000 79%Airdrie 81 119 68.07% 388 4.79 333,900 367,548 344,900 6%Rocky View Region 85 179 47.49% 876 10.31 509,700 545,881 432,500 6%Foothills Region 57 117 48.72% 596 10.46 367,200 502,425 420,000 4%Mountain View Region 20 48 41.67% 326 16.30 301,400 305,345 302,000 1%Kneehill Region 9 11 81.82% 75 8.33 178,200 196,100 249,000 1%Wheatland Region 26 36 72.22% 207 7.96 209,900 337,242 342,750 2%Willow Creek Region 9 8 112.50% 96 10.67 205,000 337,156 298,000 1%Vulcan Region 5 12 41.67% 67 13.40 241,400 137,720 115,000 0%Bighorn Region 12 29 41.38% 135 11.25 776,200 608,292 534,625 1%CREB® Economic Region 1,464 2,407 60.82% 8,624 5.89 413,900 440,244 396,250 100%

0

300

600

900

1,200

1,500

1,800

CREB® INVENTORY BY PRICE RANGE

Calgary Airdrie Rocky View RegionFoothills Region Mountain View Region Kneehill RegionWheatland Region Willow Creek Region Vulcan RegionBighorn Region Source: CREB®

NOVEMBER

Nov. 19

0

50

100

150

200

250

300

350

400

CREB® SALES BY PRICE RANGE

Calgary Airdrie Rocky View RegionFoothills Region Mountain View Region Kneehill RegionWheatland Region Willow Creek Region Vulcan RegionBighorn Region

Source: CREB®

NOVEMBER

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Calgary Airdrie Rocky View Region

Foothills Region Mountain View Region Kneehill Region

Wheatland Region Willow Creek Region Vulcan Region

Bighorn Region Source: CREB®

CREB® TOTAL SALES: YEAR-TO-DATE

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Foothills Region Mountain View Region Kneehill Region

Wheatland Region Willow Creek Region Vulcan Region

Bighorn Region Source: CREB®

CREB® TOTAL NEW LISTINGS: YEAR-TO-DATE


CREB® Region

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Detached Apartment Semi - Detached

Row 10 Year AverageSource: CREB®

CREB® ECONOMIC REGION TOTAL SALES

405,000

410,000

415,000

420,000

425,000

430,000

435,000

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19

Inventory Sales Benchmark Price Source: CREB®

CREB® ECONOMIC REGION INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

9

2014 2015 2016 2017 2018 2019

Months of Supply TrendedSource: CREB®

12 month moving average

CREB® ECONOMIC REGION MONTHS OF INVENTORY

-10%

-5%

0%

5%

10%

15%

2014 2015 2016 2017 2018 2019

Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change

Source: CREB®

CREB® ECONOMIC REGION PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price

Source: CREB®

CREB® ECONOMIC REGION PRICES

0

1,000

2,000

3,000

4,000

5,000

6,000YTD NOVEMBER

YTD 2016 YTD 2017 YTD 2018 YTD 2019 Source: CREB®

CREB® ECONOMIC REGION TOTAL SALES BY PRICE RANGE

Nov. 19


CREB® Region

TYPICAL HOME ATTRIBUTES - DETACHED HOMES

Gross Living Area (Above Ground) Lot Size

Above Ground Bedrooms Year Built

Full Bathrooms

Half Bathrooms

City of Calgary 1407 4897 3 1992 2 1Airdrie 1435 4596 3 2003 2 1Rural Rocky View 1863 3957 3 1997 2 1Cochrane 1548 5476 3 1999 2 1Chestermere 1909 5519 3 2003 2 1Rural Foothills 1752 Unavailable 3 1995 2 0High River 1341 5646 3 1997 2 0Okotoks 1541 4972 3 2002 2 1Turner Valley 1232 6200 3 1994 2 0Rural Mountain View 1345 6027 3 1989 2 0Carstairs 1335 6504 3 2001 2 0Didsbury 1251 6473 3 1982 2 0Rural Wheatland 1264 6135 3 1979 2 0Strathmore 1302 5562 3 2000 2 0

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Calgary Airdrie RuralRocky View

Chester-mere

Cochrane RuralFoothills

HighRiver

Okotoks TurnerValley

RuralMtn. View

Carstairs Didsbury RuralWheatland

Strathmore

DETACHED BENCHMARK PRICE

Source: CREB®

NOVEMBER

Nov. 19

-12%-10%

-8%-6%-4%-2%0%2%4%6%

Calgary Airdrie RuralRocky View

Chester-mere

Cochrane RuralFoothills

HighRiver

Okotoks TurnerValley

RuralMtn. View

Carstairs Didsbury RuralWheatland

Strathmore

YEAR OVER YEAR PRICE GROWTH COMPARISONS

Source: CREB®

NOVEMBER


Calgary CMA

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


City of Calgary 1,160 1,848 62.77% 5,858 5.05 419,100 441,418 400,000 87%Airdrie 81 119 68.07% 388 4.79 333,900 367,548 344,900 6%Rocky View Region 85 179 47.49% 876 10.31 509,700 545,881 432,500 6%Calgary CMA 1,326 2,146 61.79% 7,122 5.37 418,000 443,602 400,000 100%

0

200

400

600

800

1,000

1,200

1,400

1,600

CALGARY CMA INVENTORY BY PRICE RANGE


Source: CREB®

NOVEMBER

Nov. 19

0

50

100

150

200

250

300

350

400

CALGARY CMA SALES BY PRICE RANGE


Source: CREB®

NOVEMBER

0

5,000

10,000

15,000

20,000

25,000

30,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Calgary Airdrie Rocky View RegionSource: CREB®

CALGARY CMA SALES: YEAR-TO-DATE

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

CALGARY CMA NEW LISTINGS: YEAR-TO-DATE


Calgary CMA

0

5,000

10,000

15,000

20,000

25,000

30,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Detached Apartment Semi - DetachedRow 10 Year Average

Source: CREB®

CALGARY CMA TOTAL SALES

410,000

415,000

420,000

425,000

430,000

435,000

-

2,000

4,000

6,000

8,000

10,000

12,000

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


CALGARY CMA INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2014 2015 2016 2017 2018 2019



CALGARY CMA MONTHS OF INVENTORY

-10%

-5%

0%

5%

10%

15%

2014 2015 2016 2017 2018 2019


Source: CREB®

CALGARY CMA PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000


Source: CREB®

CALGARY CMA PRICES

0

1,000

2,000

3,000

4,000

5,000

6,000YTD NOVEMBER

YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®

CALGARY CMA TOTAL SALES BY PRICE RANGE

Nov. 19


Airdrie

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

AIRDRIE TOTAL SALES

320,000

322,000

324,000

326,000

328,000

330,000

332,000

334,000

336,000

338,000

340,000

342,000

-

100

200

300

400

500

600

700

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


AIRDRIE INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

9

2014 2015 2016 2017 2018 2019



AIRDRIE MONTHS OF INVENTORY

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2014 2015 2016 2017 2018 2019


Source: CREB®

AIRDRIE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000


Source: CREB®

AIRDRIE PRICES

0

50

100

150

200

250

300

350

400

450

500YTD NOVEMBER


AIRDRIE TOTAL SALES BY PRICE RANGE

Nov. 19


Rocky View Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Rocky View Region 85 179 47.49% 876 10.31 509,700 545,881 432,500 100%Rural Rocky View 18 41 43.90% 330 18.33 773,400 1,054,167 950,000 21%Beiseker 0 2 0.00% 9 - - NA NA 0%Bragg Creek 0 1 0.00% 10 - - NA NA 0%Chestermere 21 52 40.38% 187 8.90 445,500 510,321 480,000 25%Cochrane 36 61 59.02% 239 6.64 394,200 349,617 360,000 42%Crossfield 3 9 33.33% 38 12.67 - 370,833 365,000 4%Irricana 1 2 50.00% 16 16.00 - 144,450 144,450 1%Langdon 6 8 75.00% 26 4.33 - 477,500 495,500 7%Redwood Meadows 0 1 0.00% 9 - - NA NA 0%

Other 0 2 0.00% 12 - - NA NA 0%

0

50

100

150

200

250INVENTORY BY PRICE RANGE

Rural Rocky View Cochrane Chestermere

Beiseker Bragg Creek Crossfield

Irricana Langdon Redwood MeadowsSource: CREB®

NOVEMBER

0

5

10

15

20

25SALES BY PRICE RANGE




NOVEMBER

Nov. 19

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER




ROCKY VIEW SALES: YEAR-TO-DATE

0

500

1,000

1,500

2,000

2,500

3,000

3,500

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER




ROCKY VIEW NEW LISTINGS: YEAR-TO-DATE


Cochrane

0

100

200

300

400

500

600

700

800

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

COCHRANE TOTAL SALES

380,000

385,000

390,000

395,000

400,000

405,000

410,000

415,000

420,000

425,000

-

50

100

150

200

250

300

350

400

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


COCHRANE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2014 2015 2016 2017 2018 2019



COCHRANE MONTHS OF INVENTORY

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2014 2015 2016 2017 2018 2019


Source: CREB®

COCHRANE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000


Source: CREB®

COCHRANE PRICES

0

50

100

150

200

250YTD NOVEMBER


COCHRANE TOTAL SALES BY PRICE RANGE

Nov. 19


Chestermere

0

50

100

150

200

250

300

350

400

450

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

CHESTERMERE TOTAL SALES

430,000

435,000

440,000

445,000

450,000

455,000

460,000

465,000

470,000

475,000

-

50

100

150

200

250

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


CHESTERMERE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2014 2015 2016 2017 2018 2019



CHESTERMERE MONTHS OF INVENTORY

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2014 2015 2016 2017 2018 2019


Source: CREB®

CHESTERMERE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000


Source: CREB®

CHESTERMERE PRICES

0

10

20

30

40

50

60

70

80

90

100YTD NOVEMBER


CHESTERMERE TOTAL SALES BY PRICE RANGE

Nov. 19


Rural Rocky View

0

50

100

150

200

250

300

350

400

450

500

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

RURAL ROCKY VIEW TOTAL SALES

755,000

760,000

765,000

770,000

775,000

780,000

785,000

790,000

795,000

800,000

805,000

-

50

100

150

200

250

300

350

400

450

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


RURAL ROCKY VIEW INVENTORY AND SALES

-

10

20

30

40

50

60

2014 2015 2016 2017 2018 2019



RURAL ROCKY VIEW MONTHS OF INVENTORY

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2014 2015 2016 2017 2018 2019


Source: CREB®

RURAL ROCKY VIEW PRICE CHANGE

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000


Source: CREB®

RURAL ROCKY VIEW PRICES

0

20

40

60

80

100

120

140YTD NOVEMBER


RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE

Nov. 19


Foothills Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Foothills Region 57 117 48.72% 674 11.82 367,200 502,425 420,000 100%Rural Foothills 15 17 88.24% 179 11.93 430,300 895,767 822,500 26%Black Diamond 3 4 75.00% 19 6.33 - 348,333 410,000 5%Blackie 0 1 0.00% 5 - - NA NA 0%Cayley 1 0 - 6 6.00 - 180,000 180,000 2%De Winton 1 3 33.33% 11 11.00 - 637,500 637,500 2%Heritate Pointe 1 3 33.33% 30 30.00 - 690,000 690,000 2%High River 6 23 26.09% 108 18.00 313,300 320,133 315,000 11%Okotoks 26 56 46.43% 191 7.35 412,100 369,517 358,350 46%Turner Valley 4 5 80.00% 19 4.75 298,400 280,250 288,500 7%Priddis Greens 0 3 0.00% 15 - - NA NA 0%Longview 0 0 - 3 - - NA NA 0%Other 0 2 0.00% 13 - - NA NA 0%

0

20

40

60

80

100

120

140INVENTORY BY PRICE RANGE

Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®

NOVEMBER

0

2

4

6

8

10

12

14SALES BY PRICE RANGE

Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®

NOVEMBER

Nov. 19

0

200

400

600

800

1,000

1,200

1,400

1,600

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Source: CREB®

FOOTHILLS SALES: YEAR-TO-DATE

0

500

1,000

1,500

2,000

2,500

3,000

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Source: CREB®

FOOTHILLS NEW LISTINGS: YEAR-TO-DATE


Okotoks

0

100

200

300

400

500

600

700

800

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

OKOTOKS TOTAL SALES

385,000

390,000

395,000

400,000

405,000

410,000

415,000

420,000

425,000

430,000

435,000

-

50

100

150

200

250

300

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


OKOTOKS INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2014 2015 2016 2017 2018 2019



OKOTOKS MONTHS OF INVENTORY

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2014 2015 2016 2017 2018 2019


Source: CREB®

OKOTOKS PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000


Source: CREB®

OKOTOKS PRICES

0

20

40

60

80

100

120

140

160

180YTD NOVEMBER


OKOTOKS TOTAL SALES BY PRICE RANGE

Nov. 19


Rural Foothills

0

50

100

150

200

250

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

RURAL FOOTHILLS TOTAL SALES

380,000

390,000

400,000

410,000

420,000

430,000

440,000

450,000

460,000

-

50

100

150

200

250

300

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


RURAL FOOTHILLS INVENTORY AND SALES

-

10

20

30

40

50

60

2014 2015 2016 2017 2018 2019



RURAL FOOTHILLS MONTHS OF INVENTORY

-15%

-10%

-5%

0%

5%

10%

15%

20%

2014 2015 2016 2017 2018 2019


Source: CREB®

RURAL FOOTHILLS PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000


Source: CREB®

RURAL FOOTHILLS PRICES

0

10

20

30

40

50

60

70

80

90

100YTD NOVEMBER


RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE

Nov. 19


Wheatland Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Wheatland Region* 26 36 72.22% 207 7.96 209,900 337,242 342,750 96%Rural Wheatland* 6 4 150.00% 37 6.17 209,900 464,750 455,750 23%Carseland* 0 0 - 3 - - NA NA 0%Lyalta* 1 1 100.00% 14 14.00 - 430,000 430,000 4%Rockyford* 0 0 - 6 - - NA NA 0%Strathmore 17 29 58.62% 129 7.59 331,000 311,341 324,900 65%Gleichen 1 0 - 2 2.00 - 65,000 65,000 4%

Other* 2 2 100.00% 18 9.00 - 128,500 128,500 8%

*Data within these areas many not accurately reflect total resale activity and trends

0

10

20

30

40

50

60

INVENTORY BY PRICE RANGE

Strathmore Rural Wheatland Carseland

Lyalta Rockyford OtherSource: CREB®

NOVEMBER

0

2

4

6

8

10

12

SALES BY PRICE RANGE


Lyalta Rockyford OtherSource: CREB®

NOVEMBER

Nov. 19

0

50

100

150

200

250

300

350

400

450

500

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Lyalta RockyfordSource: CREB®

WHEATLAND SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

800

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Lyalta RockyfordSource: CREB®

WHEATLAND NEW LISTINGS: YEAR-TO-DATE


Strathmore

0

50

100

150

200

250

300

350

400

450

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Source: CREB®

STRATHMORE TOTAL SALES

315,000

320,000

325,000

330,000

335,000

340,000

345,000

350,000

355,000

360,000

365,000

-

20

40

60

80

100

120

140

160

180

200

Sep.'18

Oct.'18

Nov.'18

Dec.'18

Jan.'19

Feb.'19

Mar.'19

Apr.'19

May.'19

Jun.'19

Jul.'19

Aug.'19

Sep.'19

Oct.'19

Nov.'19


STRATHMORE INVENTORY AND SALES

-

5

10

15

20

25

2014 2015 2016 2017 2018 2019



STRATHMORE MONTHS OF INVENTORY

-15%

-10%

-5%

0%

5%

10%

15%

20%

2014 2015 2016 2017 2018 2019


Source: CREB®

STRATHMORE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000


Source: CREB®

STRATHMORE PRICES

0

20

40

60

80

100

120YTD NOVEMBER


STRATHMORE TOTAL SALES BY PRICE RANGE

Nov. 19


Mountain View Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Mountain View Region* 20 48 41.67% 326 16.30 301,400 305,345 302,000 100%Rural Mountain View* 2 8 25.00% 89 44.50 257,300 410,500 410,500 10%Carstairs 10 15 66.67% 55 5.50 318,400 297,340 302,000 50%Cremona 0 0 - 4 - - NA NA 0%Didsbury 4 5 80.00% 34 8.50 293,400 236,250 222,500 20%Olds* 4 10 40.00% 91 22.75 333,300 341,875 301,250 20%Sundre* 0 10 0.00% 47 - 261,400 NA NA 0%

Other* 0 0 - 6 - - NA NA 0%


0

10

20

30

40

50

60

70

80

90

100


Rural Mountain View Didsbury Olds

Sundre Carstairs Cremona

Other Source: CREB®

NOVEMBER

0

1

2

3

4

5

6

7

8

9



Sundre Carstairs Cremona

Other Source: CREB®

NOVEMBER

Nov. 19

0

100

200

300

400

500

600

700

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Sundre Carstairs Cremona Source: CREB®

MOUNTAIN VIEW SALES: YEAR-TO-DATE

0

200

400

600

800

1,000

1,200

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Sundre Carstairs Cremona Source: CREB®

MOUNTAIN VIEW NEW LISTINGS: YEAR-TO-DATE


Kneehill Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Kneehill Region* 9 11 81.82% 75 8.33 178,200 196,100 249,000 89%Rural Kneehill* 1 0 - 12 12.00 178,200 256,500 256,500 11%Acme* 1 1 100.00% 5 5.00 - 280,000 280,000 11%Linden* 1 0 - 7 7.00 - 191,000 191,000 11%Three Hills* 5 3 166.67% 16 3.20 - 191,480 249,000 56%Torrington* 0 0 - 2 - - NA NA 0%Trochu* 0 5 0.00% 22 - - NA NA 0%

Other* 1 2 50.00% 13 13.00 - 79,999 79,999 11%


0

5

10

15

20

25

30

35


Rural Kneehill Three Hills Acme

Linden Trochu Other Source: CREB®

NOVEMBER

0

1

2

3

4

5



Linden Trochu Other Source: CREB®

NOVEMBER

Nov. 19

0

10

20

30

40

50

60

70

80

90

100

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Linden Trochu Source: CREB®

KNEEHILL SALES: YEAR-TO-DATE

0

50

100

150

200

250

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER


Linden Trochu Source: CREB®

KNEEHILL NEW LISTINGS: YEAR-TO-DATE


Willow Creek Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Willow Creek Region* 9 8 112.50% 96 10.67 205,000 337,156 298,000 100%Rural Willow Creek* 2 2 100.00% 24 12.00 203,900 552,500 552,500 22%Claresholm* 3 1 300.00% 32 10.67 - 322,967 320,000 33%Nanton* 3 2 150.00% 27 9.00 - 296,000 298,000 33%Stavely* 0 3 0.00% 11 - - NA NA 0%

Other* 1 0 - 2 2.00 - 72,500 72,500 11%


0

5

10

15

20

25

30

35


Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB®

NOVEMBER

0

1

2

3

4

5


Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB®

NOVEMBER

Nov. 19

0

20

40

60

80

100

120

140

160

180

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Rural Willow Creek Claresholm Nanton StavelySource: CREB®

WILLOW CREEK SALES: YEAR-TO-DATE

0

50

100

150

200

250

300

350

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Rural Willow Creek Claresholm Nanton StavelySource: CREB®

WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE


Vulcan Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Vulcan Region* 5 12 41.67% 67 13.40 241,400 137,720 115,000 100%Rural Vulcan* 2 4 50.00% 23 11.50 - 121,500 121,500 40%Vulcan* 1 3 33.33% 23 23.00 - 95,000 95,000 20%Carmangay* 0 1 0.00% 5 - - NA NA 0%Champion* 0 2 0.00% 6 - - NA NA 0%

Other* 2 2 100.00% 10 5.00 - 175,300 175,300 40%


0

5

10

15

20

25

30


Rural Vulcan Vulcan Carmangay

Champion Other Source: CREB®

NOVEMBER

0

1

2

3

4

5


Rural Vulcan Vulcan Carmangay

Champion Other Source: CREB®

NOVEMBER

Nov. 19

0

10

20

30

40

50

60

70

80

90

100

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Rural Vulcan Vulcan Carmangay Champion

Source: CREB®

VULCAN SALES: YEAR-TO-DATE

0

20

40

60

80

100

120

140

160

180

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Rural Vulcan Vulcan Carmangay Champion

Source: CREB®

VULCAN NEW LISTINGS: YEAR-TO-DATE


Bighorn Region

November 2019Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Bighorn Region* 12 29 41.38% 135 11.25 776,200 608,292 534,625 100%Rural Bighorn* 0 2 0.00% 9 - - NA NA 0%Canmore* 12 21 57.14% 107 8.92 - 608,292 534,625 100%

Other* 0 6 0.00% 19 - - NA NA 0%


0

10

20

30

40

50

60


Canmore Other Rural Bighorn

Source: CREB®

NOVEMBER

0

1

2

3

4

5

6


Canmore Other Rural Bighorn

Source: CREB®

NOVEMBER

Nov. 19

0

50

100

150

200

250

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Canmore Rural BighornSource: CREB®

BIGHORN SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

800

900

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD2017

YTD2018

YTD2019

YTD NOVEMBER

Canmore Rural BighornSource: CREB®

BIGHORN NEW LISTINGS: YEAR-TO-DATE


CREB® Definitions

CREB® REPORTING REGIONS* Data within these areas may not accurately reflect total resale activity and trends. CREB® resale data only includes activity occurring within our membership. For the identified areas, the data could be missing a signification portion of transactionsas not all active Realtors® in the area are a member of the CREB® board.** Resale activity in these areas does not meet the minimum reporting standard.

DEFINITIONSBenchmark 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 2005 price level. Absorption Rate – refers to the ratio between the amounts of sales occurring in the market relative to the amount of active listings / Inventory. Months of Supply – refers to the ratio between inventory and sales and represents at the current pace of sales how long it would take to sell existing inventory and the current rate of sales. Detached - A unit that is not attached to any other unit.Semi-detached - A single dwelling built as one of a pair that shares 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 semi-detached properties.Apartment - High-rise and low-rise condominium properties 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 multiple-unit sales, rental, land or leased properties.Rural – Data represents activity occurring within the broader region but not in any specific town/hamlet/village within the region.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. 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.

WILLOW CREEK*Rural Willow Creek County*Claresholm*Fort Macleod**Granum**Nanton*Parkland**

BIGHORN*Rural Bighorn M.D.Benchlands**Canmore*Exshaw**Ghost Lake**Harvie Heights**Lac des Arcs**Seebe**

FOOTHILLSRural Foothills M.D.Aldersyde**Black DiamondBlackieCayleyDe WintonHeritage PointeHigh RiverLongview**Millarville**OkotoksPriddis**Priddis GreensTurner Valley

KNEEHILL*Rural Kneehill CountyAcmeCarbon**Huxley**LindenSwalwell**Three HillsTorrington**Trochu

MOUNTAIN VIEW*Rural Mountain View CountyBearberry**Bergen**CarstairsCremonaDidsburyEagle Hill**Elkton**Olds*Sundre*Water Valley**Westward Ho**

ROCKY VIEWRural Rocky View CountyBalzac**BeisekerBottrel**Bragg CreekChestermereCochraneCochrane Lake**Conrich**CrossfieldDalemead**Dalroy**Delacour**Indus**IrricanaJanet**Kathyrn**Keoma**LangdonMadden**Redwood Meadows

VULCAN*Rural Vulcan County*Arrowwood**Brand**Carmangay*Champion*Ensign**Herronton**Kirkcaldy**Lomond**Milo**Mossleigh**Queenstown**Shouldice**Travers**

WHEATLAND*Rural Wheatland County*Ardenode**Carseland*Chancellow**Cheadle**Cluny**Dalum**Gleichen**Hussar**Lyalta*Namaka**Rockyford*Rosebud**

Nov. 19


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