You are on page 1of 20

CALGARY REGIONAL HOUSING MARKET STATISTICS

3.13

TIGHTENED HOUSING SUPPLY CURBS SALES VOLUME


First quarter sales improve in condominium market, while declining in single family sector
Calgary, April 2, 2013 The inventory of active homes for
sale in Calgary are the lowest March levels in more than
five years. The decline in new listings hampered resale
sales growth, which declined by more than two per cent in
March compared to March 2012.

Tighter rental conditions and continued employment growth


has supported housing demand growth, said Ann-Marie
Laurie, CREBs chief economist. However, for those looking
for more affordable single family home products, their
choices continue to narrow.

New listings in March are five per cent lower than levels
recorded in 2012, and five per cent lower after the first
quarter. The overall active listings stand at just 4,006
units, up from Februarys levels but well below the number
available one year ago.

She said new single-family listings under $500,000 are


declining at double-digit rates, driving consumers at that
price point to either surrounding towns, condominiums or the
new home market.

Less resale product available to consumers is ultimately


limiting sales growth, said CREB President Becky
Walters. In addition, resale homes are selling in less time
and with continued upward pressure on prices.
Walters said buyers have grown accustomed to a market
when they have more time to make decisions because
there was ample supply. But, as market conditions have
tightened, if they are serious about purchasing a resale
home, they can no longer significantly delay that decision,
she said.
While market conditions are a far cry from activity
witnessed throughout the frenzy in 2006 and 2007, there
has been a noticeable change over what became the norm
over the past few years. Walters said.
Single-family, year-over-year sales growth declined by six
per cent in March, a reflection of declining supply. Active
inventory totaled 2,713 units, 22 per cent lower than levels
recorded in 2012, and the lowest March inventory level
recorded since 2007. The market balance continues to
trend into sellers territory in this segment causing a yearover-year price increase of nearly nine per cent, for a total
of $446,500 in March 2013.

The condominium townhouse market is the only category to


record a year-over-year rise in sales activity for the month.
This is in part because the level of new listings improved in
March 2013 relative to March 2012. Condominium year-overyear apartment sales declined by nearly three per cent in
March.
However, after the first quarter, sales activity totaled 830
units a 6 per cent increase over the previous year.
Condominium townhouse sales totaled 652 units at the end
of the first quarter, a 15 per cent increase over the previous
year.
The condominium apartment market remains in balance,
said Lurie. While it has moved to the lower end of the
spectrum, it remains better supplied then the single family
market and the majority of product available is in an
affordable price range.
The benchmark apartment price totaled $257,700 in March, a
six per cent increase over the previous year. Meanwhile, the
condominium townhouse benchmark price experienced a
year-over-year increase of 4 per cent, to $286,800.
Despite tighter market conditions, it is unlikely that we will
have another significant run-up in prices, said Lurie. Outside
of easing economic factors expected this year, consumers
have options in the total housing market. Said Lurie.

CALGARY TOTAL INVENTORY

CREB Calgary Regional Housing Market Statistics

page 1 d

CREB - SUMMARY STATS


Mar-12
CREB TOTAL RESIDENTIAL
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CITY OF CALGARY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB TOWNS
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CRES
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Median Price

Mar-13

Mar-13

Y/Y %

2012 YTD

2013 YTD

Y/Y %

2,698
2,679
$1,139,677,146 $1,209,604,945
4,746
4,429
8,650
7,169
0.57
0.60
97.25%
97.71%
48
42
$422,416
$451,514
$365,600
$393,800
172
186

-0.70%
6.14%
-6.68%
-17.12%
6.40%
0.46%
-12.95%
6.89%
7.71%
7.72%

6,178
$2,569,661,475
12,125
N/A
0.51
97.05%
57
$415,937

6,399
$2,861,739,909
11,529
N/A
0.56
97.49%
47
$447,217

3.58%
11.37%
-4.92%

Mar-12

8.93%
0.44%
-17.54%
7.52%

2,166
$914,819,780
3,348
5,092
0.65
97.38%
42
$422,354
$371,400
173

2,110
$972,215,808
3,194
4,007
0.66
97.90%
35
$460,766
$400,600
187

-2.59%
6.27%
-4.60%
-21.31%
2.11%
0.52%
-17.05%
9.09%
7.86%
7.85%

4,966
$2,069,568,403
8,761
N/A
0.57
97.20%
48
$416,748

5,047
$2,293,430,896
8,358
N/A
0.60
97.67%
39
$454,415

1.63%
10.82%
-4.60%

372
$129,632,466
785
1,954
0.47
97.40%
69
$348,474
$313,700
165

364
$132,860,886
662
1,533
0.55
97.47%
55
$365,002
$336,100
177

-2.15%
2.49%
-15.67%
-21.55%
16.03%
0.07%
-20.11%
4.74%
7.14%
7.15%

863
$294,666,882
2,019
N/A
0.43
97.25%
82
$341,445

865
$305,082,220
1,765
N/A
0.49
97.41%
83
$352,696

0.23%
3.53%
-12.58%

76
$62,419,000
309
962
0.25
95.22%
91
$821,303
$742,500

72
$55,780,600
257
897
0.28
95.34%
107
$774,731
$746,000

-5.26%
-10.64%
-16.83%
-6.76%
13.91%
0.11%
17.92%
-5.67%
0.47%

181
$144,739,040
745
N/A
0.24
95.02%
99
$799,663

179
$146,766,422
705
N/A
0.25
95.14%
114
$819,924

-1.10%
1.40%
-5.37%

6.53%
0.48%
-18.75%
9.04%

14.66%
0.16%
1.22%
3.30%

4.51%
0.13%
15.15%
2.53%

For a list of definitions, see page 20.

CREB Calgary Regional Housing Market Statistics

page 2

CREB SUMMARY STATISTICS CITY OF CALGARY


Mar-12
SINGLE FAMILY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO APARTMENT
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO TOWNHOUSE
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index

Mar-13

Mar-12

Mar-13

Y/Y %

2012 YTD

2013 YTD

Y/Y %

1,575
$744,499,335
2,346
3,367
0.67
97.48%
40
$472,698
$411,000
174

1,480
$767,220,500
2,239
2,727
0.66
97.99%
33
$518,392
$446,500
190

-6.03%
3.05%
-4.56%
-19.01%
-1.54%
0.51%
-17.34%
9.67%
8.64%
8.66%

3,619
$1,682,696,054
6,059
N/A
0.60
97.26%
47
$464,962

3,565
$1,829,233,968
5,850
N/A
0.61
97.74%
37
$513,109

-1.49%
8.71%
-3.45%

356
$96,733,863
644
1,119
0.55
96.75%
48
$271,724
$243,000
170

347
$104,401,894
560
796
0.62
97.11%
40
$300,870
$257,700
180

-2.53%
7.93%
-13.04%
-28.87%
12.09%
0.35%
-15.78%
10.73%
6.05%
6.07%

781
$212,188,485
1,657
N/A
0.47
96.76%
52
$271,688

830
$241,813,198
1,464
N/A
0.57
97.07%
47
$291,341

235
$73,586,582
358
606
0.66
97.28%
49
$313,134
$274,600
172

283
$100,593,414
395
484
0.72
98.10%
39
$355,454
$286,800
179

20.43%
36.70%
10.34%
-20.13%
9.15%
0.83%
-20.10%
13.51%
4.44%
4.43%

566
$174,683,864
1,045
N/A
0.54
97.15%
52
$308,629

652
$222,383,730
1,044
N/A
0.62
97.73%
41
$341,079

CREB Calgary Regional Housing Market Statistics

2.03%
0.49%
-21.28%
10.36%

6.27%
13.96%
-11.65%
20.28%
0.32%
-9.62%
7.23%

15.19%
27.31%
-0.10%
15.30%
0.57%
-21.15%
10.51%

page 3

MLS HPI SUMMARY


March 2013
Benchmark Price
Index (HPI)

Feb-13

Sep-12

% Changes
Mar-12

Mar-10

Mar-08

CREB TOTAL RESIDENTIAL


Single Family
Townhouse
Apartment
COMPOSITE

432,900
285,200
256,600
393,800

188
179
180
186

1.0%
1.3%
1.8%
1.1%

3.0%
3.2%
3.3%
3.1%

8.4%
4.4%
6.0%
7.7%

7.9%
1.0%
2.8%
6.4%

3.0%
-8.3%
-7.8%
-0.1%

CREB TOWNS
Single Family
Townhouse
Apartment
COMPOSITE

342,800
225,600
188,700
336,100

177
182
162
177

1.2%
0.1%
-0.9%
1.1%

2.6%
1.1%
0.1%
2.5%

7.3%
5.3%
3.6%
7.2%

5.6%
1.9%
1.9%
5.4%

-2.6%
-9.7%
-16.1%
-3.4%

CREB CITY OF CALGARY


Single Family
Townhouse
Apartment
COMPOSITE

446,500
286,800
257,700
400,600

190
179
180
187

0.9%
1.4%
1.9%
1.1%

3.2%
3.3%
3.4%
3.3%

8.7%
4.4%
6.1%
7.9%

8.2%
1.0%
2.8%
6.6%

3.9%
-8.2%
-7.6%
0.4%

CREB Calgary Regional Housing Market Statistics

page 4

COMPARISONS

Benchmark Price - March


600,000
500,000
400,000
300,000
200,000
100,000
1 storey

2 Storey

CREB Total Residential

Total SF

CREB City of Calgary

Months of Supply - March

Townhouse

Apartment

Total Composite
Source: CREB

CREB Towns

Sales Distribution - March


120%

25.0

100%

20.0
15.0

2.69%
14.30%

16.45%

80% 12.43%

13.41%

3.57%
9.34%

60%
10.0
40%
5.0
-

70.88%

87.09%

70.14%

20%
Months of Supply SF

Months of Supply
Townhouse

CREB Total Residential


CREB Towns

Months of Supply
Apartment

0%
CREB Total
Residential

CREB City of
Calgary

CREB Towns

CREB City of Calgary


Single Family

Source: CREB

CALGARY INDEX VALUE

Townhouse

Apartment

CRES

Source: CREB

CALGARY INDEX YEAR OVER YEAR COMPARISON


15%

200
195
190
185
180
175
170
165
160
155
150

10%
5%
0%
-5%
-10%
-15%
-20%

Index Value Single Family

Index Value Tonwhouse

Index Value Apartment

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Y/Y Index Price Change


Apartment Y/Y Index Price Change
Townhouse Y/Y Price Change

Source: CREB

page 5 d

CREB CITY OF CALGARY


Jan.
1/1/2012
1,068
2,530
4,367
60
391,372
361,800
169
1/1/2013
1,229
2,493
3,084
50
439,763
392,000
183

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

T40969
Calgary Total
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
5
118
468
314
329
281
153
115
94
78
44
58
30
23
26
13
11
2
3
1
2,166

Feb.
2/1/2012
1,732
2,883
4,736
49
425,383
365,900
171
2/1/2013
1,708
2,671
3,539
38
457,111
396,100
185

T41334
Mar-13
3/1/2013
1
84
395
263
287
259
192
147
97
90
56
95
46
24
40
14
7
5
4
3
1
2,110

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
2,166
3,348
5,092
42
422,354
371,400
173
3/1/2013
2,110
3,194
4,007
35
460,766
400,600
187

T2012
YTD2012
3/1/2012
10
304
1,057
770
740
570
384
299
213
145
109
137
67
47
61
24
15
5
7
2
4,966

Apr.
4/1/2012
2,199
3,239
5,270
41
428,912
379,200
177
4/1/2013
180
90
3,972
15
472,875
NA
NA

May
5/1/2012
2,381
3,803
5,739
40
445,034
383,200
179
5/1/2013
NA
NA
NA
NA
NA

Jun.
6/1/2012
2,196
3,305
5,715
40
441,718
385,800
180
6/1/2013
NA
NA
NA
NA
NA

Jul.
7/1/2012
1,932
2,650
5,430
43
425,927
387,300
181
7/1/2013
NA
NA
NA
NA
NA

Aug.
8/1/2012
1,722
2,583
5,184
45
417,052
387,700
181
8/1/2013
NA
NA
NA
NA
NA

Sept.
9/1/2012
1,610
2,680
5,098
45
419,657
388,000
181
9/1/2013
NA
NA
NA
NA
NA

Oct.
10/1/2012
1,659
2,312
4,583
46
437,030
387,700
181
10/1/2013
NA
NA
NA
NA
NA

Nov.
11/1/2012
1,457
1,632
3,831
51
433,929
388,800
181
11/1/2013
NA
NA
NA
NA
NA

Dec.
12/1/2012
1,083
880
2,722
54
436,791
390,100
182
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
21,205
31,845
45
428,644

3/1/2013
5,047
8,358
39
454,415

T2013
YTD2013
3/1/2013
7
234
953
673
694
614
446
337
230
182
130
209
109
58
86
39
16
12
9
6
1
1
1
5,047

CALGARY YTD SALES BY PRICE RANGE


YTD MARCH

35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 6 d

CITY OF CALGARY

CALGARY YTD TOTAL SALES

CALGARY YTD TOTAL NEW LISTINGS


YTD-MARCH

9,000
8,000

14,000

7,000

12,000

6,000

YTD-MARCH

16,000

10,000

5,000

8,000

4,000

6,000

3,000
2,000

4,000

1,000

2,000

SF Sales
TH Sales

Apartment Sales
10 Year Average

SF New Listings
TH New Listings

Source: CREB

CALGARY MONTHS OF INVENTORY

CALGARY INVENTORY AND SALES


7,000

450,000

6,000

400,000

5,000
4,000
3,000
2,000
1,000
-

Inventory

Sales

Benchmark Price

Apartment New Listings


10 Year Average
Source: CREB

350,000

300,000

250,000

200,000

150,000

100,000

50,000

Months of Supply 3 month MA

Source: CREB

CALGARY PRICE CHANGE COMPARISON

BALANCED

Source: CREB

CALGARY PRICES
480,000

15%

460,000

10%

440,000

5%

420,000

0%

400,000

-5%

380,000

-10%

360,000

-15%

340,000

-20%

320,000

Average Price Y/Y% Change


Index Y/Y% Change

Y/Y Median Price Change


Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price
Benchmark Price

Median Price

Source: CREB

page 7 d

CREB CITY OF CALGARY SINGLE FAMILY


Jan.
1/1/2012
763
1,714
2,918
59
440,478
400,800
170
1/1/2013
878
1,735
2,075
47
496,821
436,900
185

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

SF40969
Calgary SF
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
9
186
237
286
252
132
110
88
77
41
54
29
20
26
13
10
2
2
1
1,575

Feb.
2/1/2012
1,281
1,999
3,093
48
470,033
404,800
172
2/1/2013
1,207
1,876
2,408
37
518,480
442,500
188

SF41334
Mar-13
3/1/2013
4
106
167
234
223
171
137
88
81
52
91
45
22
29
12
6
5
4
2
1
1,480

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
1,575
2,346
3,367
40
472,698
411,000
174
3/1/2013
1,480
2,239
2,727
33
518,392
446,500
190

SF2012
YTD2012
3/1/2012
1
36
450
586
627
512
347
279
192
140
102
129
66
43
59
24
14
4
6
2
3,619

Apr.
4/1/2012
1,580
2,284
3,501
38
483,045
422,000
179
4/1/2013
120
90
2,713
13
598,750
NA
NA

May
5/1/2012
1,707
2,706
3,842
37
501,684
427,500
181
5/1/2013
NA
NA
NA
NA
NA

Jun.
6/1/2012
1,605
2,366
3,817
36
489,528
430,800
183
6/1/2013
NA
NA
NA
NA
NA

Jul.
7/1/2012
1,382
1,879
3,646
40
478,557
432,400
184
7/1/2013
NA
NA
NA
NA
NA

Aug.
8/1/2012
1,167
1,810
3,535
43
475,679
432,600
184
8/1/2013
NA
NA
NA
NA
NA

Sept.
9/1/2012
1,126
1,887
3,486
42
468,964
432,900
184
9/1/2013
NA
NA
NA
NA
NA

Oct.
10/1/2012
1,169
1,616
3,105
43
492,772
433,300
184
10/1/2013
NA
NA
NA
NA
NA

Nov.
11/1/2012
1,006
1,157
2,586
49
488,304
433,600
184
11/1/2013
NA
NA
NA
NA
NA

Dec.
12/1/2012
744
620
1,859
51
496,809
434,800
185
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
15,105
22,384
42
481,259

3/1/2013
3,565
5,850
37
513,109

SF2013
YTD2013
3/1/2013
1
16
296
452
562
521
398
311
215
165
121
200
105
53
71
34
15
12
9
5
1
1
1
3,565

CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE


YTD MARCH

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 8 d

CITY OF CALGARY SINGLE FAMILY

CALGARY YTD SINGLE FAMILY NEW LISTINGS

CALGARY YTD SINGLE FAMILY SALES


YTD-MARCH

6,000
5,000
4,000
3,000
2,000
1,000
0

SF Sales

10 Year Average

SF New Listings

Source: CREB

4,500

500,000

4,000

450,000

3,500

400,000
350,000
300,000

2,500

250,000

2,000

200,000

1,500
1,000
500
-

SF Inventory

SF Sales

SF Benchmark Price

10 Year Average

Source: CREB

CALGARY SINGLE FAMILY MONTHS OF INVENTORY

CALGARY SINGLE FAMILY INVENTORY AND SALES

3,000

YTD-MARCH

10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0

7
6
5
4

150,000

100,000

50,000

BALANCED

SF Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY SINGLE FAMILY PRICES

CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON

530,000

15%

510,000

10%

490,000
470,000

5%

450,000

0%

430,000
410,000

-5%

390,000

-10%

370,000

-15%

350,000

SF Average Price Y/Y% Change


Index Y/Y% Change

SF Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Average Price
SF Benchmark Price

SF Median Price

Source: CREB

page 9 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE


Jan.
1/1/2012
126
312
520
61
297,918
270,300
169
1/1/2013
147
307
369
52
320,590
283,400
177

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TH40969
Calgary Townhouse
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
30
107
32
20
20
9
5
5
1
3
1
2
235

Feb.
2/1/2012
205
375
612
51
310,047
270,500
169
2/1/2013
222
342
427
38
336,323
283,000
177

TH41334
Mar-13
3/1/2013
19
123
50
27
20
11
4
6
7
2
2
1
1
9
1
283

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
235
358
606
49
313,134
274,600
172
3/1/2013
283
395
484
39
355,454
286,800
179

TH2012
YTD2012
3/1/2012
74
258
86
52
33
21
14
13
2
3
5
1
3
1
566

Apr.
4/1/2012
268
360
612
49
320,607
276,400
173
4/1/2013
30
457
12
269,750
NA
NA

May
5/1/2012
288
454
675
38
330,413
277,000
173
5/1/2013
NA
NA
NA
NA
NA

Jun.
6/1/2012
252
395
693
45
324,823
278,000
174
6/1/2013
NA
NA
NA
NA
NA

Jul.
7/1/2012
239
304
623
45
303,380
277,400
173
7/1/2013
NA
NA
NA
NA
NA

Aug.
8/1/2012
240
309
584
50
309,309
278,200
174
8/1/2013
NA
NA
NA
NA
NA

Sept.
9/1/2012
208
297
548
51
329,797
277,700
174
9/1/2013
NA
NA
NA
NA
NA

Oct.
10/1/2012
219
280
505
50
321,644
279,000
174
10/1/2013
NA
NA
NA
NA
NA

Nov.
11/1/2012
198
189
426
50
315,381
282,800
177
11/1/2013
NA
NA
NA
NA
NA

Dec.
12/1/2012
120
117
310
51
306,258
284,100
178
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
2,598
3,750
48
316,627

3/1/2013
652
1,044
41
341,079

TH2013
YTD2013
3/1/2013
2
64
264
111
67
55
24
15
9
13
5
3
3
2
12
2
1
652

CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE


YTD MARCH

50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 10 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

CALGARY YTD TOWNHOUSE NEW LISTINGS

CALGARY YTD TOWNHOUSE SALES


YTD-MARCH

1,200

YTD-MARCH

1800
1600

1,000

1400
1200

800

1000

600

800
600

400

400

200

200
0

Townhouse Sales

10 Year Average

Townhouse New Listings

Source: CREB

CALGARY TOWNHOUSE INVENTORY AND SALES


350,000

700

300,000

250,000

500
400
300

150,000

50,000

100

TH Inventory

TH Sales

TH Benchmark Price

7
6

200,000

100,000

200

Source: CREB

CALGARY TOWNHOUSE MONTHS OF INVENTORY

800

600

10 Year Average

BALANCED

3
2
1
-

TH Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY TOWNHOUSE PRICES

CALGARY TOWNHOUSE PRICE CHANGE COMPARISON

380,000

15%

360,000

10%

340,000

5%

320,000

0%

300,000

-5%

280,000

-10%

260,000

-15%

240,000

-20%

220,000

TH Average Price Y/Y % Change


Index Y/Y% Change

TH Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

TH Average Price
TH Benchmark Price

Median Price

Source: CREB

page 11 d

CITY OF CALGARY CONDOMINIUM APARTMENTS


Jan.
1/1/2012
179
504
929
64
247,837
233,800
163
1/1/2013
204
451
640
62
280,067
251,300
176

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

A40969
Calgary Apartment
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
5
79
175
45
23
9
12
1
3
1
1
1
1
356

Feb.
2/1/2012
246
509
1,031
51
288,991
238,700
167
2/1/2013
279
453
704
45
287,733
252,900
177

A41334
Mar-13
3/1/2013
1
61
166
46
26
16
10
6
3
2
2
2
1
2
2
1
347

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
356
644
1,119
48
271,724
243,000
170
3/1/2013
347
560
796
40
300,870
257,700
180

A2012
YTD2012
3/1/2012
9
194
349
98
61
25
16
6
8
3
4
3
1
1
1
1
1
781

Apr.
4/1/2012
351
595
1,157
50
267,931
243,400
170
4/1/2013
30
802
25
172,500
NA
NA

May
5/1/2012
386
643
1,222
50
280,030
245,400
171
5/1/2013
NA
NA
NA
NA
NA

Jun.
6/1/2012
339
544
1,205
55
302,258
246,300
172
6/1/2013
NA
NA
NA
NA
NA

Jul.
7/1/2012
311
467
1,161
55
286,231
247,600
173
7/1/2013
NA
NA
NA
NA
NA

Aug.
8/1/2012
315
464
1,065
52
281,941
248,700
174
8/1/2013
NA
NA
NA
NA
NA

Sept.
9/1/2012
276
496
1,064
54
286,217
249,300
174
9/1/2013
NA
NA
NA
NA
NA

Oct.
10/1/2012
271
416
973
55
289,820
247,000
173
10/1/2013
NA
NA
NA
NA
NA

Nov.
11/1/2012
253
286
819
58
310,496
248,000
173
11/1/2013
NA
NA
NA
NA
NA

Dec.
12/1/2012
219
143
553
67
304,421
248,700
174
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
3,502
5,711
54
284,803

3/1/2013
830
1,464
47
291,341

A2013
YTD2013
3/1/2013
4
154
393
110
65
38
24
11
6
4
4
6
1
3
3
3
1
830

CALGARY YTD APARTMENT SALES BY PRICE RANGE


YTD MARCH

60%
50%
40%
30%
20%
10%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 12 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

CALGARY YTD APARTMENT NEW LISTINGS

CALGARY YTD APARTMENT SALES


YTD-MARCH

1,800
1,600

YTD-MARCH

3,000
2,500

1,400
1,200

2,000

1,000

1,500

800
600

1,000

400

500

200
0

Apartment Sales

10 Year Average

Apartment New Listings

Source: CREB

10 Year Average

Source: CREB

CALGARY APARTMENT MONTHS OF INVENTORY

CALGARY APARTMENT INVENTORY AND SALES


1,400

300,000

1,200

250,000

10
9

1,000

200,000

800

150,000

600

100,000

400

50,000

200

Apartment Inventory
Apartment Benchmark Price

8
7
6
5
4

BALANCED

3
2
1
-

Apartment Sales
Source: CREB

CALGARY APARTMENT PRICE CHANGE COMPARISON

Apartment Months of Supply 3 month MA

Source: CREB

CALGARY APARTMENT PRICES

25%

320000

20%
15%

300000

10%

280000

5%

260000

0%
-5%

240000

-10%
-15%

220000

-20%

200000

Apartment Average Price Y/Y% Change


Median Price Change
Index Y/Y% Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

Apartment Average Price


Benchmark Price

Median Price

Source: CREB

page 13 d

CREB TOWNS
Jan.
1/1/2012
187
632
2,129
97
351,133
310,000
163
1/1/2013
245
543
1,218
82
349,213
329,200
173

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TO40969
CREB Towns
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
7
40
85
91
54
38
21
12
6
2
5
1
3
2
5
372

Feb.
2/1/2012
304
602
1,761
78
326,883
312,100
164
2/1/2013
256
560
1,381
69
338,531
332,500
175

TO41334
Mar-13
3/1/2013
6
33
84
60
69
41
31
8
13
8
2
1
2
2
1
2
1
364

CREB Calgary Regional Housing Market Statistics

Mar.
Apr.
3/1/2012
4/1/2012
372
384
785
738
1,954
2,061
69
73
348,474
355,614
313,700
319,200
165
168
3/1/2013
4/1/2013
364
90
662
30
1,533
55
69
365,002
263,800
336,100 NA
177 NA

TO2012
YTD2012
3/1/2012
23
99
210
186
133
83
45
30
14
9
8
6
5
3
7
2
863

May
5/1/2012
436
751
2,116
75
372,909
321,400
169
5/1/2013
NA
NA
NA
NA
NA

Jun.
6/1/2012
476
678
2,001
71
352,522
325,400
171
6/1/2013
NA
NA
NA
NA
NA

July.
7/1/2012
407
588
1,922
75
348,561
326,000
172
7/1/2013
NA
NA
NA
NA
NA

Aug.
8/1/2012
324
571
1,817
74
341,517
327,500
172
8/1/2013
NA
NA
NA
NA
NA

Sept.
9/1/2012
321
498
1,637
70
345,473
327,900
173
9/1/2013
NA
NA
NA
NA
NA

Oct.
10/1/2012
313
459
1,479
73
344,085
329,800
174
10/1/2013
NA
NA
NA
NA
NA

Nov.
11/1/2012
270
359
1,340
69
339,079
329,400
173
11/1/2013
NA
NA
NA
NA
NA

Dec.
12/1/2012
174
219
1,134
88
338,634
327,000
172
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
3,968
6,880
78
348,588

3/1/2013
865
1,765
83
352,696

TO2013
YTD2013
3/1/2013
20
91
201
152
150
90
72
29
20
14
6
7
3
2
3
3
1
1
865

CREB TOWNS YTD SALES BY PRICE RANGE


YTD MARCH

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 14 d

CREB TOWNS

CREB TOWNS YTD TOTAL SALES

CREB TOWNS YTD TOTAL NEW LISTINGS

1,600

3,000

1,400

2,500

1,200
1,000

2,000

800

1,500

600

1,000

400

500

200

SF Sales
TH Sales

Apartment Sales
10 Year Average

2,000
1,500
1,000
500
-

Inventory

Sales

Benchmark Price

Apartment New Listings


Source: CREB
10 Year Average

CREB TOWNS MONTHS OF INVENTORY

CREB TOWNS INVENTORY AND SALES


2,500

SF New Listings
TH New Listings

Source: CREB

400,000

16

350,000

14

300,000

12

250,000

10

200,000

150,000

100,000

50,000

BALANCED

Months of Supply 3 month MA

Source: CREB

CREB TOWNS PRICE CHANGE COMPARISON

Source: CREB

CREB TOWNS PRICES

15%

390,000

10%

370,000
350,000

5%

330,000

0%

310,000

-5%

290,000

-10%

270,000

-15%

250,000

Average Price Y/Y% Change


Index Y/Y% Change

Median Price Change


Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 15 d

CREB COUNTRY RESIDENTIAL


Jan.
1/1/2012
39
215
760
127
696,615
1/1/2013
34
238
741
155
901,203

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price

C40969
CRES
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
2
2
5
2
1
2
5
4
5
5
8
8
7
12
3
2
2
1
76

Feb.
2/1/2012
66
221
837
94
835,637
2/1/2013
73
210
761
103
826,643

C41334
Mar-13
3/1/2013
1
3
5
6
5
3
4
5
1
10
7
5
10
5
2
72

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
76
309
962
91
821,303
3/1/2013
72
257
897
107
774,731

C2012
YTD2012
3/1/2012
2
5
6
13
5
3
5
11
10
11
15
23
21
10
21
6
5
3
3
3
181

Apr.
4/1/2012
90
257
1,044
93
806,827
4/1/2013
60
5,425
NA
NA

May
5/1/2012
97
348
1,190
98
824,182
5/1/2013
NA
NA
NA

Jun.
6/1/2012
96
288
1,221
114
766,068
6/1/2013
NA
NA
NA

Jul.
7/1/2012
85
217
1,198
100
729,587
7/1/2013
NA
NA
NA

Aug.
8/1/2012
86
197
1,138
113
835,283
8/1/2013
NA
NA
NA

Sept.
9/1/2012
69
243
1,104
124
854,791
9/1/2013
NA
NA
NA

Oct.
10/1/2012
80
158
973
129
702,698
10/1/2013
NA
NA
NA

Nov.
11/1/2012
53
106
872
125
881,333
11/1/2013
NA
NA
NA

Dec.
12/1/2012
36
72
674
108
714,994
12/1/2013
NA
NA
NA

YTD
12/1/2012
873
2,631
108
793,056
3/1/2013
179
705
114
819,924

C2013
YTD2013
3/1/2013
2
1
3
7
9
9
11
8
9
10
8
20
17
19
23
14
3
1
4
1
179

CRES YTD SALES BY PRICE RANGE


YTD MARCH

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 16 d

CREB COUNTRY RESIDENTIAL

CRES YTD TOTAL NEW LISTINGS

CRES YTD TOTAL SALES

800

300

700

250

600

200

500

150

400
300

100

200

50

100

CRES Sales

10 Year Average

CRES New Listings

Source: CREB

1,400

900,000

40

1,200

800,000

35

700,000

30

600,000

800

500,000

600

400,000
300,000

400
200
-

Inventory

Sales

Median Price

Source: CREB

CRES MONTHS OF INVENTORY

CRES INVENTORY AND SALES

1,000

10 Year Average

25
20
15

200,000

10

100,000

BALANCED

Months of Supply 3 month MA

Source: CREB

CRES PRICE CHANGE COMPARISON

Source: CREB

CRES PRICES
1,200,000

60%
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%

1,100,000
1,000,000
900,000
800,000
700,000
600,000
500,000
Average Price Y/Y% Change
Median Price Change
Average Price Y/Y% Change 3 month MA

CREB Calgary Regional Housing Market Statistics

Source: CREB

Average Price
Median Price

Average Price 3 month MA


Source: CREB

page 17 d

CREB TOTAL RESIDENTIAL


Jan.
1/1/2012
1,326
3,477
7,256
69
393,778
356,700
168
1/1/2013
1,588
3,462
5,713
59
431,889
385,300
182

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

CT40969
CREB Total
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Mar-12
3/1/2012
15
166
567
421
402
331
179
139
109
89
56
68
43
32
43
16
13
4
3
2
2,698

Feb.
2/1/2012
2,154
3,902
7,858
56
421,465
360,500
170
2/1/2013
2,132
3,638
6,366
47
453,234
389,300
184

CT41334
Mar-13
3/1/2013
23
124
498
354
377
327
232
160
117
109
60
112
59
31
52
21
7
6
6
3
1
2,679

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
2,698
4,746
8,650
48
422,416
365,600
172
3/1/2013
2,679
4,429
7,169
42
451,514
393,800
186

CT2012
YTD2012
3/1/2012
45
423
1,312
987
906
674
439
350
246
173
134
169
95
61
89
32
20
8
10
5
6,178

Apr.
4/1/2012
2,787
4,562
9,115
49
429,419
373,000
176
4/1/2013
270
180
5,425
33
403,183
NA
NA

May
5/1/2012
3,041
5,229
9,864
48
444,281
376,800
178
5/1/2013
NA
NA
NA
NA
NA

Jun.
6/1/2012
2,903
4,564
9,802
49
434,909
379,600
179
6/1/2013
NA
NA
NA
NA
NA

Jul.
7/1/2012
2,556
3,731
9,433
52
421,747
381,100
180
7/1/2013
NA
NA
NA
NA
NA

Aug.
8/1/2012
2,261
3,558
8,975
54
418,745
381,700
180
8/1/2013
NA
NA
NA
NA
NA

Sept.
9/1/2012
2,096
3,620
8,650
54
419,971
381,900
180
9/1/2013
NA
NA
NA
NA
NA

Oct.
10/1/2012
2,151
3,133
7,798
54
431,596
381,900
180
10/1/2013
NA
NA
NA
NA
NA

Nov.
11/1/2012
1,866
2,250
6,758
57
429,196
382,600
180
11/1/2013
NA
NA
NA
NA
NA

Dec.
12/1/2012
1,369
1,299
5,167
64
429,796
383,400
181
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
27,208
44,071
53
426,445

3/1/2013
6,399
11,529
47
447,217

CT2013
YTD2013
3/1/2013
50
355
1,201
892
895
753
543
385
266
219
149
244
137
81
115
56
21
14
13
7
1
1
1
6,399

CREB RESIDENTIAL YTD SALES BY PRICE RANGE


YTD MARCH
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 18 d

CREB TOTAL RESIDENTIAL

CREB RESIDENTIAL YTD TOTAL NEW LISTINGS

CREB RESIDENTIAL YTD TOTAL SALES


YTD-MARCH

12,000
10,000
8,000
6,000
4,000
2,000
0

SF Sales
TH Sales

Apartment Sales
CRES

400,000
350,000
300,000

8,000

250,000

6,000

200,000
150,000

4,000

100,000

2,000

50,000
0

Inventory

Sales

Benchmark Price

Apartment New Listings


CRES New Listings
Source: CREB

CREB RESIDENTIAL MONTHS OF INVENTORY


450,000

10,000

SF New Listings
TH New Listings
10 Year Average

Source: CREB

CREB RESIDENTIAL INVENTORY AND SALES


12,000

YTD-MARCH

20,000
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

12
10
8
6
4

BALANCED

2
-

Months of Supply 3 month MA

Source: CREB

CREB RESIDENTIAL PRICE CHANGE COMPARISON

Source: CREB

CREB RESIDENTIAL PRICES


480,000

15%

460,000

10%

440,000

5%

420,000

0%

400,000

-5%

380,000

-10%

360,000
340,000

-15%

320,000

-20%

300,000
Average Price Y/Y Change
Index Y/Y% Change

Median Price Change


Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 19 d

DEFINITIONS
SF - Single Family

LP - List Price

TH - Condominium Townhouse

Sales $ / List $ - sales price to list price ration

Months of Supply - Active Listings (Inventory) / sales

CRES - Country residential properties

Composite - includes single family, apartment and townhouse activity

YTD - Year to Date

Average DOM - Average Days on Market for Sold properties

3 month MA - 3 month Moving Average

SP Sales Price
Benchmark Price Price of the typical home, based on the value consumers assign to various attributes
MLS Home Price Index changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period.

HOW THESE STATISTICS ARE CALCULATED


In order to align our data with the MLS Home Price Index (HPI), we made several changes to the data that we report, as well as the
monthly statistics.
The new package provides more information and data exclusions provide a better residential picture. All the data provided through
the monthly statistics package as of March 2012, reflect these adjustments. Please note, historical PDF packages do not include the
changes.
A summary of these changes is available below:
MONTHLY STATISTICS PACKAGE
We now provide monthly statistics for: CREB Total Residential, CREB Towns, CREB Country Residential (CRES), City of Calgary,
City of Calgary Single Family, City of Calgary Apartment, City of Calgary Townhouse.
Median prices have been removed and replaced with the benchmark price and the index.
MLS HPI Summary was added.
Several trending graphs and summary stats were added for each category
All categories exclude: vacant lots, time shares, parking stalls and mobile homes on leased land.
CITY OF CALGARY
Includes sales in Zones A, B, C, D only.
Condominium Apartment includes all Condominium title properties that are classified by type as either a low-rise or high-rise
apartment.
Condominium Townhouse include all Condominium titled properties that are not classified as an Apartment.
Historical inventories have been adjusted to best reflect the adjustments made to the data.
TOTAL MLS

Changed to CREB Total Residential and excludes the following:


Excludes: Rural Land, Country Recreational (CREC),
The exclusions applied to the data results in roughly 400 500 less sales per year.
Historical inventories have been revised to best reflect the adjustments made to the data, while Mobile Homes, Rural Land

CREB Towns
Includes only areas outside of Calgary that we have majority of membership
Areas inlcuded: Airdrie, Foothills, Kneehill, Mountain View, Rocky View, Wheatland and Willow Creek.
All historical data has been revised
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.
For Calgary Metro, CREB statistics include only Zone A, B, C and D for properties located in Calgary. Furthermore, all historical data
has been adjusted to the most current information.
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 companys market share. All MLS active listings for Calgary and area may be found on the
boards website at www.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.

CREB Calgary Regional Housing Market Statistics

page 20 d