Single Family Months of Inventory. Condo Months of Inventory. May calgary regional housing market statistics

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1 May 211 calgary regional housing market statistics INNER CITY HOUSING MARKET LEADS IN SALES Buyers find value in inner city communities Total Single Family Months of Inventory Calgary, June 1, 211 According to figures released today by CREB (Calgary Real Estate Board), year-to-date residential sales in the inner city grew nearly 4 per cent, outperforming the city wide average. City of Calgary residential sales totaled 1,816 in May 211, a 2 per cent increase in volume over May 21. However, slower early spring sales resulted in the overall year-to-date sales being 3 per cent lower than the 21 spring market Single Family Months of Inventory LR Average As the city grows, improvements in the inner city communities are consistent with changing preferences in lifestyle options. Consumers are looking for shorter commute times to work and easy access to a wider range of services provided by these inner city communities, says Sano Stante, president of CREB. Many of these communities are surrounded by abundant amenities such as parks, mature trees, diverse shopping and transit which appeals to a wide range of consumers; furthermore, inner city homes can be considered a stable real estate investment, as there is significant value in land located near the city s core. Total Condominium Months of Inventory Total Condomnium Months of Inventory Calgary The average price for single family homes in May 211 was $489,482 and the median price $423,, comparable to levels recorded last year. Single family home sales were 1,313 in May 211, a 5 per cent increase over last year, while 2,552 listings came to market, a 14 per cent decline over the same period last year. Condo Months of Inventory LR Average The decline in listings has caused inventory levels to come down to 4,616 units, an 18 per cent decline from last year. Moderate sales and a reduction in inventory have resulted in a decline in months of supply compared to May 21. To date, the single family market has fared better than the condominium market, as prices have come down from peak levels recorded in 27 providing individuals more options with regard to home ownership, noted Stante. After the first five months of the year, single family home sales were 5,835 units, consistent with sales levels during the same time frame last year. With just under four months supply, we expect single family home prices to remain stable in the coming months, says Stante. Provided that interest rates remain moderated, we are positive about the near term stability and recovery in the Calgary real estate market. While condominiums continue to experience some decline in sales and prices, the rate of decline seems to be easing, indicating signs of improvement in this market adds Stante. The inventory of condominiums continues to remain higher than average, but has declined by 21 per cent from levels recorded in May 21. Condominium sales were 53 for May 211, 3 per cent lower than last year s figures. Year-to-date condominium sales are 11 per cent lower than last year s levels, however, listings have declined by 19 per cent as well over the same time frame, placing downward pressure on inventories. Full time employment growth has been sluggish in Calgary, with only notable improvements occurring in April, says Stante. All indications point to the trend that as full-time employment growth takes hold in the later portion of the year, so too will improvements in migration, ultimately translating into improvements in the housing market. About CREB CREB is a professional body of more than 53 licensed brokers and registered associates, representing 244 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. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas. All MLS active listings for Calgary and area may be found on the board s website at

2 CREB - TOTAL MLS FOR MAY Mth Chg ** 211 YTD **21 YTD YTD Chg SINGLE FAMILY (Calgary Metro) Month End Inventory 4,616 5, % n/a n/a n/a New Listings Added 2,552 2, % 11,512 13, % Sales 1,313 1, % 5,835 5,796.67% Avg DOM Sold % % Avg DOM Active % % Average Sale Price 489, , % 47, ,58 1.2% Median Price 423, 42,.71% 48, 415, -1.69% Total Sales 642,69,499 69,848, % 2,746,47,41 2,695,477, % Sales $/List $ 97.16% 97.11%.5% 97.% 97.44% -.45% CONDOMINIUM (Calgary Metro) Month End Inventory 2,92 2, % n/a n/a n/a New Listings Added 1,17 1, % 4,829 5, % Sales % 2,386 2, % Avg DOM Sold % % Avg DOM Active % % Average Sale Price 287,384 34, % 286,93 291, % Median Price 268,5 279,9-4.7% 262, 27, -2.96% Total Sales 144,553, ,815,81-8.4% 684,55,95 78,86, % Sales $/List $ 96.84% 97.22% -.39% 96.71% 97.14% -.44% TOWNS (Outside Calgary) Month End Inventory 3,29 2, % n/a n/a n/a New Listings Added 1, % 4,38 4, % Sales % 1,521 1, % Avg DOM Sold % % Avg DOM Active % % Average Sale Price 343,71 363, % 348,84 358, % Median Price 33, 354, -6.78% 325,5 335,7-3.4% Total Sales 135,513, ,772, % 53,586,53 617,63, % Sales $/List $ 96.34% 97.11% -.79% 96.74% 97.5% -.33% COUNTRY RESIDENTIAL (Acreages) Month End Inventory 1,168 1, % n/a n/a n/a New Listings Added % 1,295 1,294.8% Sales % % Avg DOM Sold % % Avg DOM Active 1 1.% 1 1.% Average Sale Price 83,8 864,84-7.7% 87, , % Median Price 75, 82, -8.54% 75, 775, -3.23% Total Sales 58,619,6 63,942,2-8.32% 225,27,77 245,458, % Sales $/List $ 94.62% 94.1%.65% 94.4% 94.49% -.48% RURAL LAND Month End Inventory % n/a n/a n/a New Listings Added % % Sales % % Avg DOM Sold % % Avg DOM Active % % Average Sale Price 437, , % 48, , % Median Price 33, 363, -9.9% 34, 355, -4.23% Total Sales 1,73,26 14,64, % 31,474,615 41,818, % Sales $/List $ 88.68% 88.45%.26% 91.51% 9.76%.82% TOTAL MLS * Month End Inventory 11,65 12, % n/a n/a n/a New Listings Added 5,117 5, % 22,545 25, % Sales 2,315 2, % 1,138 1, % Avg DOM Sold % % Avg DOM Active % % Average Sale Price 428, ,3-1.5% 416, ,397.93% Median Price 37, 375, -1.33% 362,5 365, -.68% Total Sales 991,919, ,553, % 4,219,955,91 4,384,64, % Sales $/List $ 96.75% 96.78% -.3% 96.71% 97.9% -.39% *Total MLS includes Mobile Listings **Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time.

3 CREB CALGARY METRO BY PRICE May-11 May-1 SINGLE FAMILY Month **Y.T.D. Month **Y.T.D. - 99,999 -.% 1.2% 1.8% 1.2% 1, - 199, % % 6.48% 4.69% 2, - 299, % % % % 3, - 349, % % % % 35, - 399, % 1, % % 1, % 4, - 449, % % % % 45, - 499, % % % % 5, - 549, % % % % 55, - 599, % % % % 6, - 649, % % % % 65, - 699, % % % % 7, - 799, % % % % 8, - 899, % % % % 9, - 999, % % % % 1,, - 1,249, % % % % 1,25, - 1,499, % 5.86% 12.96% 35.6% 1,5, - 1,749, % 17.29% 2.16% 13.22% 1,75, - 1,999, % 23.39% 5.4% 6.1% 2,, - 2,499, % 15.26% 6.48% 16.28% 2,5, - 2,999, % 1.17% 1.8% 3.5% 3,, - 3,499, % 3.5% -.% -.% 3,5, - 3,999,999 -.% 1.2% -.% -.% Over 4,, -.% -.% -.% 1.2% 1,313 5,834 1,256 5,786 CONDO - 99, % 22.92% 3.58% 1.37% 1, - 199, % % % % 2, - 299, % 1, % % 1, % 3, - 349, % % % % 35, - 399, % % % % 4, - 449, % % % % 45, - 499, % % % % 5, - 549, % % % % 55, - 599, % % 4.77% % 6, - 649, % 15.63% 5.97% 23.86% 65, - 699, % 17.71% 2.39% 1.37% 7, - 799, % 12.5% 2.39% 13.49% 8, - 899,999 -.% 13.54% 3.58% 9.34% 9, - 999,999 -.% 1.4% 2.39% 4.15% 1,, - 1,249,999 -.% 3.13% -.% 1.4% 1,25, - 1,499,999 -.% 2.8% 1.19% 2.7% 1,5, - 1,749,999 -.% -.% -.% -.% 1,75, - 1,999,999 -.% -.% -.% -.% 2,, - 2,499,999 -.% -.% -.% -.% 2,5, - 2,999,999 -.% 1.4% -.% -.% 3,, - 3,499,999 -.% -.% -.% -.% 3,5, - 3,999,999 -.% -.% -.% -.% Over 4,, -.% 1.4% -.% -.% 53 2, ,673 **Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. Older monthly statistics will not reflect up-to-date changes that naturally occur.

4 CREB TOWN AND COUNTRY BY PRICE CATEGORY May-11 May-1 TOWNS Month **Y.T.D. Month **Y.T.D. - 99, % % % % 1, - 199, % % % % 2, - 299, % % % % 3, - 349, % % % % 35, - 399, % % % % 4, - 449, % % % % 45, - 499, % % % % 5, - 549, % % % % 55, - 599, % % % % 6, - 649, % 13.85% % % 65, - 699, % % 7 2.7% % 7, - 799, % 14.92% % % 8, - 899, % 1.66% 2.59% 15.87% 9, - 999,999 -.% 7.46% 3.89% 14.81% 1,, - 1,249, % 9.59% -.% 9.52% 1,25, - 1,499, % 1.66% 1.3% 6.35% 1,5, - 1,749,999 -.% 1.7% -.% 1.6% 1,75, - 1,999,999 -.% -.% -.% 1.6% 2,, - 2,499,999 -.% -.% -.% -.% 2,5, - 2,999, % 1.7% -.% -.% 3,, - 3,499,999 -.% -.% -.% -.% 3,5, - 3,999,999 -.% -.% -.% -.% Over 4,, -.% -.% -.% -.% 395 1, ,718 COUNTRY RESIDENTIAL (ACREAGES) - 99,999 -.% 3 1.8% % 3 1.6% 1, - 199, % % % % 2, - 299, % % % % 3, - 349, % % % % 35, - 399, % % % % 4, - 449, % % % % 45, - 499,999 -.% % % % 5, - 549, % % % % 55, - 599, % % % % 6, - 649,999 -.% % % % 65, - 699, % % % % 7, - 799, % % % % 8, - 899, % % % % 9, - 999, % % % % 1,, - 1,249, % % % % 1,25, - 1,499, % % % 2 7.9% 1,5, - 1,749, % % % % 1,75, - 1,999, % 3 1.8% % % 2,, - 2,499, % % % % 2,5, - 2,999, % % % 2.71% 3,, - 3,499,999 -.% -.% -.% -.% 3,5, - 3,999,999 -.% -.% -.% 1.35% Over 4,, -.% -.% -.% -.% **Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. Older monthly statistics will not reflect up-to-date changes that naturally occur.

5 Style Inventory CALGARY METRO CREB SINGLE FAMILY BY STYLE May 211 Listings Added Sales Avg Price Total Sales Median Price Avg DOM S$/L$ NW BK-SP , 32, 32, % BLEVL ,423 15,56, , % BUNG ,13 55,553,65 42, % BUNGH ,85 2,667,4 68, % BUNGS , 5, 5, % SPLT ,798 1,79,55 45, % SPLT , 6, 6, % SPLT ,96 6,869,626 37, % SPLT ,3 1,512,9 556, % ST ,438 3,699,5 46, % ST ,19 137,754,89 438, % ST ,7,75 4,283, 853, % ST , 75, 75, % VILLA ,5 442,5 442, % NE BK-SP % BLEVL ,843 5,276,85 282, % BUNG ,856 12,857,1 259, % BUNGH % SPLT ,5 835, 365, % SPLT ,333 1,682, 253, % SPLT ,467 4,72, 3, % ST , 225, 225, % ST ,883 19,18,6 296, % SW BK-SP % BLEVL ,588 5,131,5 395, % BUNG ,412 55,684,12 45, % BUNGH ,5 1,862, 395, % BUNGS % SPLT ,282 17,199,9 528, % SPLT ,667 1,427, 425, % SPLT ,28 12,69,75 4, % SPLT ,27,917 3,623,75 1,223, % ST ,357 5,14,5 664, % ST ,48 146,829, , % ST ,81 3,74, , % ST , 98, 98, % VILLA ,255 1,322,59 637, % SE BK-SP , 365, 365, % BLEVL ,536 5,213,35 33, % BUNG ,586 23,216,88 367, % BUNGH % SPLT ,333 1,14, 515, % SPLT , 68, 33, % SPLT ,571 2,965, 427, % SPLT % ST % ST ,682 58,646,4 415, % ST % VILLA % NOTE: The above sales totals and median prices are for detached homes only.these figures do not include: Residential Attached, Duplex Side by Side, Duplex Up and Down, Townhouse, or Vacant Lot.

6 Style Inventory CREB CALGARY METRO CONDO BY STYLE May 211 Listings Added Sales Avg Price Total Sales Median Price Avg DOM S$/L$ NW APART ,552 15,915, , % APRTM ,451 1,838,77 324, % BK-SP 1 88, 88, 88, % BLEVL ,778 2,293, 245, % BUNG ,2 1,616, 31, % BUNGH % PENTH % SPLT , , 327, % SPLT % SPLT ,667 1,25, 33, % SPLT ,5 729, 31, % ST ,318 15,375, , % ST % ST ,5 471, 26, % VILLA ,333 1,195, 375, % NE APART ,56 1,44,5 17, % BLEVL ,5 391,5 13, % BUNG , 15, 15, % SPLT % SPLT % ST ,542 2,7,5 156, % ST % VILLA % SW APART ,296 5,351, , % APRTM ,25 2,255,75 281, % BK-SP 1 265, 265, 265, % BLEVL , 182, 182, % BUNG ,79 3,47,9 31, % BUNGS % LOFT , , 243, % PENTH ,5 913, 249, % SPLT ,5 48,5 48, % SPLT , 42, 42, % SPLT ,4 1,357, 27, % SPLT ,5 773, 358, % ST , 745, 745, % ST ,768 18,577,259 35, % ST , 365, 365, % ST ,667 1,61, 615, % VILLA ,25 3,7,5 478, % SE APART ,923 5,19,3 229, % APRTM % BLEVL % BUNG , 315, 315, % LOFT % SPLT , 475, 475, % SPLT ,5 28,5 28, % SPLT % ST ,15 7,361,9 252, % ST % VILLA %

7 CREB - COMMERCIAL SUMMARY Year to Date May 31, 211 Type Sold or Leased Sold or Leased Avg Price or Lse / M 2 Avg DOM Total Sales SP / LP IND L OFC L RET L AGR S 3 313, , 91.8% BUS S 34 12, ,483, % BWP S 1 928, ,282, % IND S 8 511, ,9, 87.88% LAN S 8 1,69, ,485, 76.94% MFC S 11 94, ,951, 94.54% OFC S 8 533, ,27, % RET S 13 88, ,69, 9.% Year to Date May 31, 21 Type Sold or Leased Sold or Leased Avg Price or Lse / M 2 Avg DOM Total Sales SP / LP IND L OFC L RET L AGR S 11 1,949, ,441, 88.9% BUS S 27 85, ,319, % BWP S 6 399,5 23 2,397, 91.7% IND S 3 449, ,498, % LAN S , ,78, % MFC S 1 774,8 97 7,748, 94.34% OFC S , ,521, % RET S 8 61, ,882, %

8 CREB SINGLE FAMILY CALGARY METRO LONG TERM COMPARISON SUMMARY January February March April May June July August September October November December YTD 27 New Listings 2,325 2,26 3,131 3,1 3,652 3,315 2,548 2,837 3,16 2,586 1, ,722 Sales 1,497 1,942 2,272 2,86 1,995 1,757 1,495 1,314 1,64 1,113 1, ,438 Avg Price 432, , , ,25 487, ,89 55,92 485,914 47, , , , ,23 Median 38, 48, 427, 432, 435, 439, 435, 43, 42,5 412,5 47,5 46, , Avg DOM New Listings 3,23 2,981 3,493 3,377 3,432 2,797 2,559 2,27 2,631 2,322 1, ,259 Sales 1,83 1,252 1,418 1,363 1,368 1,439 1,313 1,17 1, ,455 Avg Price 455, , , , , , ,38 44, ,48 449,1 435, ,398 46,327 Median 41, 428, 42, 42, 419, 48, 48,5 398, 395, 39, 387,3 38, 49, Avg DOM New Listings 2,68 2,57 2,23 2,1 2,235 2,244 2,89 1,91 1,857 1,819 1, ,459 Sales ,86 1,29 1,584 1,837 1,585 1,277 1,257 1,285 1, ,44 Avg Price 413,49 415,568 42, , , , , ,13 459,85 462, , , ,327 Median 374,7 375, 375, 38, 39, 399, 39, 4, 399,9 41, 48, 41, 392, Avg DOM New Listings 1,822 2,154 2,988 3,82 2,966 2,733 1,942 1,96 2,252 1,765 1, ,79 Sales 762 1,35 1,396 1,352 1,262 1, ,95 Avg Price 441, , ,269 46, ,24 481, , ,617 46, , ,46 441, ,144 Median 398, 411, 423, 417, 42, 418,9 4, 395, 39, 387,9 399,9 389, 46, Avg DOM New Listings 1,965 2,268 2,434 2,299 2,552 11,512 Sales 791 1,169 1,355 1,217 1,313 5,835 Avg Price 454, , , , ,482 47,616 Median 39, 4, 4, 42, 423, 48, Avg DOM

9 CREB - CONDOMINIUM CALGARY METRO LONG TERM COMPARISON SUMMARY January February March April May June July August September October November December YTD 27 New Listings 1, ,25 1,157 1,332 1,253 1,117 1,186 1,315 1, ,57 Sales , ,236 Avg Price 287,299 31, ,28 329, , , ,582 32,79 321, , ,71 34, ,37 Median 267,5 28,8 29, 39, 38, 34,9 297,9 31, 3, 289, 285, 286, 295, Avg DOM New Listings 1,46 1,244 1,561 1,493 1,538 1,234 1,183 1,54 1,186 1, ,148 Sales ,661 Avg Price 311, , ,62 312, , ,42 296, , , , ,82 274,919 32,48 Median 29, 295, 293, 29, 285, 282, 273,5 268,5 265, 268, 251,8 254, 279,5 Avg DOM New Listings ,323 Sales ,328 Avg Price 27,94 268, ,56 277, , , ,32 283,33 29, , , ,64 283,734 Median 243, 249,9 26, 251, 255, 265,5 263, 26, 265, 263,5 264,9 265, 26, Avg DOM New Listings 951 1,19 1,376 1,335 1,221 1, ,423 Sales ,181 Avg Price 282, ,88 296,6 289,588 34, , , , ,28 287, , , ,697 Median 265, 265,9 275, 267,5 279,9 269,9 268, 26, 265, 255, 253,3 258,5 266,5 Avg DOM New Listings ,17 4,829 Sales ,386 Avg Price 288,291 29,145 28, , , ,93 Median 255, 267, 256, 26, 268,5 262, Avg DOM

10 Sales Inventory CREB TOTAL MLS MAY Avg Sale Price Median Sale Price $5, # Sales/Inventory ,3 416,64 433, , 37, 362, ,933 35, 41,78 411,224 43, , 359, 36, , , 41,94 42,225 49,318 36, 36, 35, , , , 37, $45, $4, $35, $3, $25, $2, $15, Average/Median Sales Price 4 $1, $5, May-1 Jun-1 Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 May-11 $

11 CREB ABSORPTION RATE TOTAL MLS MAY Balanced Market 2 May-8 Jul-8 Sep-8 Nov-8 Jan-9 Mar-9 May-9 Jul-9 Sep-9 Nov-9 Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-11 Mar-11 May-11

12 16, Inventory Sales CREB TOTAL MLS MAY , 12, 1, 8, 6, 4, 2, May 8 Jul 8 Sep 8 Nov 8 Jan 9 Mar 9May 9 Jul 9 Sep 9 Nov 9 Jan 1 Mar 1 May 1 Jul 1 Sep 1 Nov 1 Jan 11 Mar 11May 11 CREB TOTAL MLS MAY 211 7, New Listings Sales 6, 5, 4, 3, 2, 1, May 8 Jul 8 Sep 8 Nov 8 Jan 9 Mar 9May 9 Jul 9 Sep 9 Nov 9 Jan 1 Mar 1May 1 Jul 1 Sep 1 Nov 1 Jan 11 Mar 11May 11

13 CREB TOTAL MLS MAY 211 Sales New Listings 8, 7, 6, 5, 5,542 5,117 4, 3, 2, 1, 2,239 May 1 2,315 May 11 2, CREB TOTAL MLS INVENTORY AS OF MAY 211 MONTH END 18, 16, 14, 12, 1, 8, 6, 4, 2, 12,989 11,

14 CREB CALGARY METRO SINGLE FAMILY AVERAGE SALE PRICE 6, 483,24 489,482 5, 4, 3, 2, 1, May 1 May 11 CREB CALGARY METRO CONDOMINIUM AVERAGE SALE PRICE 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, 34, ,384 May 1 May 11

15 CREB SURROUNDING TOWNS AVERAGE SALE PRICE 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, 363, ,71 May 1 May 11 CREB COUNTRY RESIDENTIAL (ACREAGES) AVERAGE SALE PRICE 1,4, 1,2, 1,, 864,84 83,8 8, 6, 4, 2, May 1 May 11

16 CREB TOTAL MLS SALES 5, 4,5 4, 3,5 3, 2,239 2,315 2,5 2, 1,5 1, 5 May 1 May 11 CREB METRO CONDO & SINGLE FAMILY AS A PER CENT OF TOTAL METRO SALES 14% Condo Sales SF Sales 12% 1% 29% 28% 8% 6% 71% 72% 4% 2% % May 1 May 11