august 2016 datablog.cbcompleterealestate.com/files/2016/09/calgary-real-estate-sta… · city of...
TRANSCRIPT
Calgary & Area Real Estate Statistics:
August 2016
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TABLE OF CONTENTS
3Monthly Summary
4 - 5City of Calgary Detached Homes Sales Data
6 - 7City of Calgary Semi-Detached Homes Sales Data
8 - 9City of Calgary Row Homes Sales Data
10 - 11City of Calgary Apartment Homes Sales Data
12 – 13Rural Rockyview Detached Sales Data
14Message From The Calgary Real Estate Board
15 – 16Rural Foothills Detached Sales Data
17 – 18Airdrie Detached Sales Data
19 - 20Cochrane Detached Sales Data
21-22Okotoks Detached Sales Data
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Detached Versus Higher-density Segments: Two Very Different
Stories in AugustCity of Calgary, September 2016 – Overall sales activity was down again in August, totaling 1,567. However, this figure does not reflect the big differences in activity between the detached sector, versus the high density apartment and attached segments of the market. “While overall sales have eased for detached homes, so too has the amount of new listings on the market preventing inventories from reaching previous highs and limiting the downward pressure on pricing,’ said CREB® chief economist Ann-Marie Lurie. “This is not the case in both the attached and apartment sectors which have recorded inventory levels near August highs.”
The detached benchmark price totaled $503,200 in August, 3.3 per cent below last year, but similar to levels recorded last month. Meanwhile, condominium apartment prices continue to decline totaling $274,900 in August, 7 per cent below last year and are at levels comparable to figures reported at the end of 2013.
Price declines were higher in the apartment sectors, due to the more pronounced imbalance between supply and demand. On average, apartment inventories rose to levels well above historical norms. At the same time, sales are at their weakest level since 2003 causing months of supply to average over 6 months so far this year.
It is really interesting to see how different market segments are reacting to the downturn. The absorption rates for detached homes in the bedroom communities of Airdrie, Cochrane and Okotoks are very different with Airdrie continuing to out-perform Cochrane and Okotoks and even the City of Calgary!
The best time to buy is when there is a lot of inventory from which to choose. For those who are considering taking advantage of the low interest rates to invest in real estate there are several market segments with low absorption rates to choose from. If you are interested in an investment strategy specific to your needs please contact us. We would love to help!
Hope this helps!
Susanita de Diego
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City of Calgary Detached Homes Sales DataYearly – August 2015 – August 2016
The following table shows the City of Calgary Detached Homes Sales Data for each month for the last year.
City of Calgary Detached Homes Sales DataMonthly – August 2012 – August 2016
The following table shows the City of Calgary Apartment Sales Data year over year for the last five years.
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Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 994 2,752+1,643=4,395 22.62% 37 2.85September2015 906 2,833+1,768=4,601 19.69% 37 3.34October2015 872 3,029+1,441=4,470 19.51% 38 3.35November2015 798 2,921+1,183=4,104 19.44% 43 3.36December2015 533 2,680+791=3,471 15.36% 47 4.00January2016 466 2,132+1,487=3,619 12.88% 49 5.44February2016 693 2,537+1,611=4,148 16.71% 38 4.26March2016 1,005 2,953+1,818=4,771 21.06% 41 3.08April2016 1,137 3,093+1,820=4,913 23.14% 44 2.76May2016 1,215 3,138+1,850=4,988 24.36% 39 2.50June2016 1,284 3,040+1,750=4,790 26.81% 41 2.29July2016 1,110 2,940+1,488=4,428 25.07% 43 2.47August2016 980 2,746 +1,524=4,270 22.95% 41 2.78
Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAddedDuringthe
Month
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 1,052 3,182+1,589=4,771 22.05% 42 2.91August2013 1,351 2,616+1,712=4,328 31.22% 37 1.80August2014 1,278 2,837+1,793=4,630 27.60% 32 2.18August2015 994 2,752+1,643=4,395 22.62% 37 2.85August2016 980 2,746+1,524=4,270 22.95% 41 2.78
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 DataYearly – August 2015 – August 2016
The following table shows the City of Calgary Semi-Detached Homes Sales Data for each month for the last year.
City of Calgary Semi-Detached Homes Sales DataMonthly – August 2012 – August 2016
The following table shows the City of Calgary Semi-Detached Sales Data year over year for the last five years.
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Month/Year Semi-DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 138 491+246=737 18.72% 41 3.67September2015 103 506+268=774 13.31% 40 5.38October2015 128 554+293=847 15.11% 41 4.58November2015 108 586+200=786 13.74% 47 5.06December2015 74 546+142=688 10.76% 53 6.05January2016 71 448+268=716 9.92% 44 7.06February2016 110 501+283=784 14.03% 47 5.02March2016 144 552+289=841 17.12% 37 4.02April2016 174 579+306=885 19.66% 50 3.37May2016 190 586+297=883 21.52% 41 2.87June2016 185 545+291=836 22.13% 46 2.89July2016 180 534+261=795 22.64% 45 2.89August2016 138 521+236=757 18.23% 47 3.60
Month/Year Semi-DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 132 442+226=668 19.76% 45 3.29August2013 174 338+259=597 29.15% 35 1.99August2014 212 486+277=763 27.79% 36 2.17August2015 138 491+246=737 18.72% 41 3.67August2016 138 521+236=757 18.23% 47 3.60
The following table shows the City of Calgary Semi-Detached Sales Data for each month since August of last year.
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City of Calgary Row Homes Sales DataYearly – August 2015 – August 2016
The following table shows the City of Calgary Row Homes Sales Data for each month for the last year.
City of Calgary Row Homes Sales DataMonthly – July 2012 – July 2016
The following table shows the City of Calgary Row Home Sales Data year over year for the last five years.
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Month/Year RowSales PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 227 644+339=983 23.09% 46 2.85September2015 181 648+402=1,050 17.24% 41 3.99October2015 184 722+369=1,091 16.87% 41 4.06November2015 161 747+308=1,055 15.26% 50 4.60December2015 120 740+215=955 12.57% 47 5.33January2016 99 639+389=1,028 9.63% 51 7.40February2016 159 733+376=1,109 14.34% 52 4.96March2016 184 788+438=1,226 15.01% 49 4.89April2016 185 899+425=1,324 13.97% 47 5.09May2016 241 942+486=1,428 16.88% 50 4.07June2016 251 981+454=1,435 17.49% 51 3.92July2016 200 985+318=1,303 15.35% 55 4.43August2016 182 886+384=1,270 14.33% 55 4.77
Month/Year RowSales PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 213 585+280=865 24.62% 51 2.57August2013 258 359+340=699 36.91% 33 1.45August2014 304 464+405=869 34.98% 33 1.55August2015 227 644+339=983 23.09% 46 2.85August2016 182 886+384=1,270 14.33% 55 4.77
The following table shows the City of Calgary Row Sales Data for each month since August of last year.
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City of Calgary Apartment Homes Sales DataYearly – August 2015 – August 2016
The following table shows the City of Calgary Apartment Homes Sales Data for each month for the last year.
City of Calgary Apartment Homes Sales DataMonthly August 2012 – August 2016
The following table shows the City of Calgary Apartment Sales Data year over year for the last five years.
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Month/Year ApartmentSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 281 1,245+514=1,759 15.97% 47 4.37September2015 259 1,227+657=1,884 13.75% 49 4.99October2015 237 1,293+587=1,880 12.61% 50 5.76November2015 195 1,366+489=1,855 10.51% 50 6.94December2015 152 1,353+343=1,696 8.96% 56 7.39January2016 129 1,120+598=1,718 7.51% 59 9.71February2016 168 1,252+637=1,889 8.89% 50 8.27March2016 257 1,390+680=2,070 12.42% 48 5.96April2016 273 1,531+666=2,197 12.43% 54 5.81May2016 276 1,585+685=2,270 12.16% 49 5.84June2016 311 1,612+605=2,217 14.03% 71 4.97July2016 255 1,545+617=2,162 11.79% 56 6.11August2016 267 1,558+615=2,173 12.29% 60 5.88
Month/Year ApartmentSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 318 1,171+471=1,642 19.37% 52 3.33August2013 402 801+453=1,254 32.06% 43 1.77August2014 456 1,134+656=1,790 25.47% 40 2.45August2015 281 1,245+514=1,759 15.97% 47 4.37August2016 267 1,558+615=2,173 12.29% 60 5.88
The City of Calgary Apartment Benchmark, Average and Median Prices have shown the following progression:
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Rural Rockyview Detached Sales DataYearly – August 2015 – August 2016
The following table shows Rural Rockyview Detached Homes Sales Data for each month for the last year.
Rural Rockyview Detached Sales DataMonthly – August 2012 – August 2016
The following table shows the Rural Rockyview Detached Homes Sales Data year over year for the last five years.
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Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 14 316+68=384 3.65% 69 22.57September2015 15 316+66=382 3.93% 96 20.40October2015 22 306+54=360 6.11% 104 13.09November2015 19 288+41=329 5.78% 106 14.26December2015 16 271+45=316 5.06% 136 13.38January2016 5 214+65=279 1.79% 83 46.60February2016 16 233+69=302 5.30% 59 16.31March2016 20 261+60=321 6.23% 123 13.25April2016 30 265+69=334 8.98% 98 9.03May2016 36 271+75=346 10.40% 90 7.61June2016 38 274+65=339 11.21% 97 7.18July2016 25 273+55=328 7.62% 95 10.92August2016 23 273+65=338 6.80% 131 12.09
Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 33 461+78=539 6.12% 91 13.70August2013 38 422+83=505 7.52% 133 10.63August2014 42 373+75=448 9.38% 81 8.86August2015 14 316+68=384 3.65% 69 22.57August2016 23 273+65=338 6.80% 131 12.09
Rural Rockyview Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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It is very important for both buyers and sellers to pay close attention to the data in their particular area, segment, and price point.
CREB® President, Cliff Stevenson
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Rural Foothills Detached Sales DataYearly – August 2015 – August 2016
The following table shows Rural Foothills Detached Homes Sales Data for each month for the last year.
Rural Foothills Detached Sales DataMonthly – August 2012 – August 2016
The following table shows the Rural Foothills Detached Sales Data year over year for the last five years.
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Month/Year DetachedSales
PreviousMonthEndInventory+Inventory
AddedDuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 10 212+39=251 3.98% 56 20.40September2015 18 204+36=236 7.63% 130 9.89October2015 15 178+36=214 7.01% 123 10.47November2015 14 157+26=183 7.65% 81 10.14December2015 13 142+15=157 8.28% 98 8.46January2016 6 110+33=143 4.20% 125 18.17February2016 7 109+43=151 4.64% 64 17.57March2016 17 123+50=173 9.83% 102 8.59April2016 11 146+48=194 5.67% 52 14.91May2016 21 164+43=207 10.14% 92 7.33June2016 16 154+54=208 7.69% 48 11.00July2016 26 176+38=214 12.15% 85 6.50August2016 19 169+32=201 9.45% 85 8.53
Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 26 277+57=334 7.78% 125 10.65August2013 23 226+48=274 8.39% 83 9.65August2014 18 204+57=261 6.90% 64 12.22August2015 10 212+39=251 3.98% 56 20.40August2016 19 169+32=201 9.45% 85 8.53
Rural Foothills Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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Airdrie Detached Sales DataYearly – August 2015 – August 2016
The following table shows Airdrie Detached Homes Sales Data for each month for the last year.
Airdrie Detached Sales DataMonthly – August 2012 – August 2016
The following table shows Airdrie Sales Data year over year for the last five years.
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Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 88 229+127=356 24.72% 40 2.58September2015 86 227+115=342 25.15% 52 2.55October2015 64 219+122=341 18.77% 50 3.66November2015 55 234+93=327 16.82% 45 4.18December2015 42 230+59=289 14.53% 53 4.83January2016 43 203+117=320 13.44% 62 5.07February2016 53 218+136=354 14.97% 48 4.81March2016 81 255+165=420 19.29% 50 3.48April2016 100 282+158=440 22.73% 59 3.02May2016 104 302+142=444 23.42% 46 2.76June2016 112 287+139=426 26.29% 49 2.25July2016 105 252+130=382 27.49% 55 2.23August2016 85 234+103=337 25.22% 51 2.58
Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 66 218+109=327 20.18% 58 3.24August2013 98 156+114=270 36.30% 36 1.63August2014 78 203+122=325 24.00% 31 2.69August2015 88 229+127=356 24.72% 40 2.58August2016 85 234+103=337 25.22% 51 2.58
Airdrie Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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Cochrane Detached Sales DataYearly – August 2015 – August 2016
The following table shows Cochrane Detached Homes Sales Data for each month for the last year.
Cochrane Detached Sales DataMonthly – August 2012 – August 2016
The following table shows Cochrane Sales Data year over year for the last five years.
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Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 38 163+66=229 16.60% 58 3.89September2015 30 148+74=222 13.50% 55 5.47October2015 33 164+52=216 15.30% 44 4.52November2015 27 149+54=203 13.30% 82 5.44December2015 19 147+25=172 11.00% 76 6.42January2016 26 122+65=187 13.90% 69 5.15February2016 22 134+58=192 11.46% 76 6.64March2016 32 146+62=208 15.38% 68 4.97April2016 37 159+77=236 15.68% 76 4.51May2016 31 167+66=233 13.30% 62 5.39June2016 46 167+65=232 19.83% 74 3.37July2016 37 155+54=209 17.70% 58 4.08August2016 21 151+56=207 10.14% 66 7.48
Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 27 137+54=191 14.14% 71 5.00August2013 30 120+54=174 17.24% 76 3.83August2014 46 111+56=167 27.54% 51 2.24August2015 38 163+66=229 16.59% 58 3.89August2016 21 151+56=207 10.14% 66 7.48
Cochrane Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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Okotoks Detached Sales DataYearly – August 2015 – August 2016
The following table shows the Okotoks Detached Sales Data for each month for the last year.
Okotoks Detached Sales DataMonthly – August 2012 – August 2016
The following table shows Okotoks Sales Data year over year for the last five years.
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Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2015 37 175+63=238 15.55% 45 4.70September2015 37 174+59=233 15.89% 55 4.46October2015 33 165+69=234 14.10% 62 4.91November2015 33 162+42=203 16.26% 66 4.15December2015 22 137+40=176 12.50% 65 5.68January2016 24 125+82=207 11.59% 59 6.29February2016 27 151+78=229 11.79% 61 7.07March2016 32 191+73=264 12.12% 49 5.69April2016 49 182+77=259 18.92% 64 3.71May2016 58 182+81=263 22.05% 58 3.05June2016 51 177+68=245 20.82% 58 3.31July2016 40 169+43=212 18.87% 61 3.63August2016 40 145+56=201 19.90% 64 3.30
Month/Year DetachedSales
PreviousMonthEndInventory+InventoryAdded
DuringtheMonth
%ofAvailableInventorySold
DaysonMarket
MonthsofSupply
August2012 39 151+67=218 17.89% 59 3.92August2013 54 128+61=189 28.57% 52 2.13August2014 48 94+56=150 32.00% 46 1.85August2015 37 175+63=238 15.55% 45 4.70August2016 40 145+56=201 19.90% 64 3.30
Okotoks Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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