july 2016 - calgary real estate review · pdf file08.07.2016 · sales. benchmark...

July 2016

MONTHLY STATISTICS PACKAGE

CREB® Region Report

CREB® Calgary Regional Housing Market Statistics 2

78%

6%

6% 5%

2% 1%

2%

SHARE OF SALES July 2016

Calgary

Airdrie

Rocky View Region

Foothills Region

Mountain View Region

Wheatland Region

Other Active Areas

Source: CREB®

REGIONAL HIGHLIGHTS

August 2, 2016

• Year-to-date residential sales totaled 835 units in Airdrie. This was a decline from the previous year, but levels are still comparable with average activity over the past five years. However, new listings remained elevated impacting supply / demand balance.

• Months of inventory in Airdrie

averaged 3.8 this year, contributing to the downward pressure on pricing. The total residential benchmark price was $358,000 in July, 0.3 per cent below the previous month and 3.9 per cent below last year;

• Okotoks sales eased by 2.5 per

cent year-to-date, due to slower sales in both the attached and apartment style product. Detached homes account for 81 per cent of resale activity in Okotoks. While there have been some recent signs of imbalance in this market, prices have mostly held up. Year-to-date benchmark prices averaged $433,100 for detached product, which is similar to levels recorded last year;

• The rural areas of Rocky View

and Foothills have recorded the largest decline in benchmark prices. This does not come as a surprise as these areas typically have large quantities of property in the upper price ranges. Excluding the rural areas, Cochrane has seen the largest decline in detached benchmark prices this year. Cochrane benchmark prices averaged $424,543 this year, a 4.3 per cent decline over last year.

*CREB®’s analysis only considers surrounding areas with enough activity to

July 2016

CREB® Region Summary


July 2016Sales

New Listings

Sales to New Listings Ratio

InventoryMonths of Supply

Benchmark Price

Average Price

Median Price

Share of Sales Activity

City of Calgary 1,741 2,683 64.89% 5,685 3.27 440,000 484,998 429,000 77%Airdrie 137 213 64.32% 446 3.26 358,000 395,877 392,500 6%Rocky View Region 137 251 54.58% 888 6.48 554,400 593,221 489,000 6%Foothills Region 101 157 64.33% 615 6.09 391,800 612,573 471,500 4%Mountain View Region 46 103 44.66% 409 8.89 306,100 336,417 295,250 2%Kneehill Region 9 16 56.25% 88 9.78 - 163,556 157,500 0%Wheatland Region 33 59 55.93% 208 6.30 214,900 358,668 342,500 1%Willow Creek Region 6 16 37.50% 100 16.67 - 249,833 189,500 0%Vulcan Region 8 10 80.00% 59 7.38 - 164,250 170,000 0%Bighorn Region 29 25 116.00% 114 3.93 - 615,176 605,000 1%CREB® Economic Region 2,247 3,533 63.60% 8,612 3.83 436,500 485,623 425,000 100%

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®

JULY

July 2016

0

100

200

300

400

500

600

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®

JULY

0

5,000

10,000

15,000

20,000

25,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

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

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


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

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

Detached Apartment Semi - Detached

Row 10 Year AverageSource: CREB®

CREB® ECONOMIC REGION TOTAL SALES

425,000

430,000

435,000

440,000

445,000

450,000

455,000

460,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Inventory Sales Benchmark Price Source: CREB®

CREB® ECONOMIC REGION INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016

Months of Supply TrendedSource: CREB®

12 month moving average

CREB® ECONOMIC REGION MONTHS OF INVENTORY

-10%

-5%

0%

5%

10%

15%

2011 2012 2013 2014 2015 2016

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

2011 2012 2013 2014 2015 2016Detached Price Apartment Price

Row Price Semi PriceSource: CREB®

CREB® ECONOMIC REGION PRICES

0

1,000

2,000

3,000

4,000

5,000

6,000 YTD JULY

YTD 2013 YTD 2014 YTD 2015 YTD 2016 Source: CREB®

CREB® ECONOMIC REGION TOTAL SALES BY PRICE RANGE

July 2016

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 1,307 4,854 3 1984 2 1Airdrie 1,463 4,651 3 1998 2 1Rural Rocky View 2,130 87,120 3 1991 3 1Cochrane 1,456 5,740 3 1996 2 1Chestermere 1,884 5,593 3 2001 2 1Rural Foothills 1,723 176,418 3 1987 2 0High River 1,287 5,629 3 1985 2 0Okotoks 1,454 5,038 3 1997 2 1Turner Valley 1,215 6,335 3 1981 2 0Rural Mountain View 1,256 7,393 3 1980 2 0Carstairs 1,266 6,668 3 1987 2 0Didsbury 1,189 6,384 3 1978 2 0Rural Wheatland 1,206 11,335 3 1970 2 0Strathmore 1,255 5,606 3 1996 2 0

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Calgary Airdrie RuralRocky View

Chester-mere

Cochrane RuralFoothills

HighRiver

Okotoks TurnerValley

RuralMtn. View

Carstairs Didsbury RuralWheatland

Strathmore

DETACHED BENCHMARK PRICE

Source: CREB®

JULY

July 2016

-8%

-6%

-4%

-2%

0%

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®

JULY

Calgary CMA


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


City of Calgary 1,741 2,683 64.89% 5,685 3.27 440,000 484,998 429,000 86%Airdrie 137 213 64.32% 446 3.26 358,000 395,877 392,500 7%Rocky View Region 137 251 54.58% 888 6.48 554,400 593,221 489,000 7%Calgary CMA 2,015 3,147 64.03% 7,019 3.48 440,200 486,297 429,400 100%

0

200

400

600

800

1,000

1,200

1,400

1,600

CALGARY CMA INVENTORY BY PRICE RANGE


Source: CREB®

JULY

July 2016

0

100

200

300

400

500

600

CALGARY CMA SALES BY PRICE RANGE


Source: CREB®

JULY

0

5,000

10,000

15,000

20,000

25,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

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

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Source: CREB®

CALGARY CMA NEW LISTINGS: YEAR-TO-DATE

Calgary CMA


0

5,000

10,000

15,000

20,000

25,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



CALGARY CMA TOTAL SALES

430,000

435,000

440,000

445,000

450,000

455,000

460,000

465,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


CALGARY CMA INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016



CALGARY CMA MONTHS OF INVENTORY

-10%

-5%

0%

5%

10%

15%

2011 2012 2013 2014 2015 2016


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



CALGARY CMA PRICES

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000 YTD JULY

YTD 2013 YTD 2014 YTD 2015 YTD 2016Source: CREB®

CALGARY CMA TOTAL SALES BY PRICE RANGE

July 2016

Airdrie


0

200

400

600

800

1,000

1,200

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



AIRDRIE TOTAL SALES

350,000

355,000

360,000

365,000

370,000

375,000

380,000

-

100

200

300

400

500

600

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


AIRDRIE INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016



AIRDRIE MONTHS OF INVENTORY

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

2011 2012 2013 2014 2015 2016


Source: CREB®

AIRDRIE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000



AIRDRIE PRICES

0

50

100

150

200

250

300

350

400 YTD JULY


AIRDRIE TOTAL SALES BY PRICE RANGE

July 2016

Rocky View Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Rocky View Region 137 251 54.58% 888 6.48 554,400 593,221 489,000 100%Rural Rocky View 29 60 48.33% 281 9.69 991,700 1,065,914 945,000 21%Beiseker 1 3 33.33% 11 11.00 - 372,000 372,000 1%Bragg Creek 2 2 100.00% 14 7.00 - 793,500 793,500 1%Chestermere 29 61 47.54% 196 6.76 488,000 511,945 480,000 21%Cochrane 58 101 57.43% 297 5.12 434,200 439,144 421,400 42%Crossfield 2 10 20.00% 35 17.50 - 311,838 311,838 1%Irricana 3 3 100.00% 7 2.33 - 321,333 322,000 2%Langdon 12 5 240.00% 22 1.83 - 497,617 506,200 9%Redwood Meadows 1 0 - 9 9.00 - 525,000 525,000 1%

Other 0 6 0.00% 16 - - - - 0%

0

50

100

150

200

250INVENTORY BY PRICE RANGE

Rural Rocky View Cochrane Chestermere

Beiseker Bragg Creek Crossfield

Irricana Langdon Redwood MeadowsSource: CREB®

JULY

0

5

10

15

20

25

30

35SALES BY PRICE RANGE




JULY

July 2016

0

200

400

600

800

1,000

1,200

1,400

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY




ROCKY VIEW SALES: YEAR-TO-DATE

0

500

1,000

1,500

2,000

2,500

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY




ROCKY VIEW NEW LISTINGS: YEAR-TO-DATE

Cochrane


0

50

100

150

200

250

300

350

400

450

500

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



COCHRANE 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

350

400

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


COCHRANE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2011 2012 2013 2014 2015 2016



COCHRANE MONTHS OF INVENTORY

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

2011 2012 2013 2014 2015 2016


Source: CREB®

COCHRANE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000



COCHRANE PRICES

0

20

40

60

80

100

120

140

160 YTD JULY


COCHRANE TOTAL SALES BY PRICE RANGE

July 2016

Chestermere


0

50

100

150

200

250

300

350

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



CHESTERMERE TOTAL SALES

430,000

440,000

450,000

460,000

470,000

480,000

490,000

500,000

510,000

-

50

100

150

200

250

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


CHESTERMERE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2011 2012 2013 2014 2015 2016



CHESTERMERE MONTHS OF INVENTORY

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2011 2012 2013 2014 2015 2016


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

600,000



CHESTERMERE PRICES

0

10

20

30

40

50

60

70

80

90

100 YTD JULY


CHESTERMERE TOTAL SALES BY PRICE RANGE

July 2016

Rural Rocky View


0

50

100

150

200

250

300

350

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



RURAL ROCKY VIEW TOTAL SALES

800,000

850,000

900,000

950,000

1,000,000

1,050,000

-

50

100

150

200

250

300

350

400

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


RURAL ROCKY VIEW INVENTORY AND SALES

-

10

20

30

40

50

60

2011 2012 2013 2014 2015 2016



RURAL ROCKY VIEW MONTHS OF INVENTORY

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

2011 2012 2013 2014 2015 2016


Source: CREB®

RURAL ROCKY VIEW PRICE CHANGE

100,000

300,000

500,000

700,000

900,000

1,100,000

1,300,000



RURAL ROCKY VIEW PRICES

0

20

40

60

80

100

120

140

160 YTD JULY


RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE

July 2016

Foothills Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Foothills Region 101 157 64.33% 674 6.67 391,800 612,573 471,500 100%Rural Foothills 26 37 70.27% 169 6.50 667,800 1,055,957 860,000 26%Black Diamond 2 5 40.00% 17 8.50 - 337,856 337,856 2%Blackie 0 2 0.00% 6 - - - - 0%Cayley 1 1 100.00% 3 3.00 - 115,000 115,000 1%De Winton 0 2 0.00% 9 - - - - 0%Heritate Pointe 7 4 175.00% 44 6.29 - 1,034,786 1,010,000 7%High River 15 34 44.12% 118 7.87 339,400 300,667 325,000 15%Okotoks 46 58 79.31% 198 4.30 431,600 446,996 420,750 46%Turner Valley 4 9 44.44% 22 5.50 296,900 327,250 350,000 4%Priddis Greens 0 0 - 16 - - - - 0%Longview 0 3 0.00% 5 - - - - 0%Other 0 5 0.00% 13 - - - - 0%

0

20

40

60

80

100

120

140

160INVENTORY BY PRICE RANGE

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

JULY

0

5

10

15

20

25SALES BY PRICE RANGE

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

JULY

July 2016

0

200

400

600

800

1,000

1,200

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

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

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

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

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



OKOTOKS TOTAL SALES

415,000

420,000

425,000

430,000

435,000

440,000

445,000

450,000

-

50

100

150

200

250

300

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


OKOTOKS INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016



OKOTOKS MONTHS OF INVENTORY

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

2011 2012 2013 2014 2015 2016


Source: CREB®

OKOTOKS PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000



OKOTOKS PRICES

0

20

40

60

80

100

120

140

160

180 YTD JULY


OKOTOKS TOTAL SALES BY PRICE RANGE

July 2016

Rural Foothills


0

20

40

60

80

100

120

140

160

180

200

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



RURAL FOOTHILLS TOTAL SALES

630,000

640,000

650,000

660,000

670,000

680,000

690,000

700,000

710,000

720,000

730,000

740,000

-

50

100

150

200

250

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


RURAL FOOTHILLS INVENTORY AND SALES

-

5

10

15

20

25

30

2011 2012 2013 2014 2015 2016



RURAL FOOTHILLS MONTHS OF INVENTORY

-10%-8%-6%-4%-2%0%2%4%6%8%

10%12%

2011 2012 2013 2014 2015 2016


Source: CREB®

RURAL FOOTHILLS PRICE CHANGE

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000



RURAL FOOTHILLS PRICES

0

10

20

30

40

50

60

70

80 YTD JULY


RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE

July 2016

Wheatland Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Wheatland Region* 33 59 55.93% 208 6.30 214,900 358,668 342,500 100%Rural Wheatland* 3 3 100.00% 37 12.33 214,900 538,333 655,000 9%Carseland* 1 0 - 2 2.00 - 560,000 560,000 3%Lyalta* 0 2 0.00% 13 - - - - 0%Rockyford* 0 0 - 3 - - - - 0%Strathmore 28 52 53.85% 136 4.86 363,800 342,538 338,750 85%Gleichen 1 0 - 4 4.00 - 70,000 70,000 3%

Other* 1 2 50.00% 17 17.00 - 70,000 70,000 3%

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

0

5

10

15

20

25

30

35

40

45

50

INVENTORY BY PRICE RANGE

Strathmore Rural Wheatland Carseland

Lyalta Rockyford OtherSource: CREB®

JULY

0

2

4

6

8

10

12

SALES BY PRICE RANGE


Lyalta Rockyford OtherSource: CREB®

JULY

July 2016

0

50

100

150

200

250

300

350

400

450

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Lyalta RockyfordSource: CREB®

WHEATLAND SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Lyalta RockyfordSource: CREB®

WHEATLAND NEW LISTINGS: YEAR-TO-DATE

Strathmore


0

5

10

15

20

25

30

35

40

45

50

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY



STRATHMORE TOTAL SALES

348,000

350,000

352,000

354,000

356,000

358,000

360,000

362,000

364,000

366,000

368,000

370,000

-

20

40

60

80

100

120

140

160

May.'15

Jun.'15

Jul.'15

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16


STRATHMORE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

18

20

2011 2012 2013 2014 2015 2016



STRATHMORE MONTHS OF INVENTORY

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

10%12%14%

2011 2012 2013 2014 2015 2016


Source: CREB®

STRATHMORE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000



STRATHMORE PRICES

0

20

40

60

80

100

120

140 YTD JULY


STRATHMORE TOTAL SALES BY PRICE RANGE

July 2016

Mountain View Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Mountain View Region* 46 103 44.66% 409 8.89 306,100 336,417 295,250 100%Rural Mountain View* 8 27 29.63% 128 16.00 419,100 517,250 545,000 17%Carstairs 4 13 30.77% 64 16.00 329,600 352,475 364,950 9%Cremona 0 1 0.00% 4 - - - - 0%Didsbury 12 21 57.14% 46 3.83 260,700 298,200 248,500 26%Olds* 14 26 53.85% 103 7.36 301,700 245,643 245,000 30%Sundre* 8 14 57.14% 61 7.63 280,700 363,738 320,500 17%

Other* 0 1 0.00% 3 - - - - 0%


0

20

40

60

80

100

120


Rural Mountain View Didsbury Olds

Sundre Carstairs Cremona

Other Source: CREB®

JULY

0

2

4

6

8

10

12

14

16



Sundre Carstairs Cremona

Other Source: CREB®

JULY

July 2016

0

50

100

150

200

250

300

350

400

450

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Sundre Carstairs Cremona Source: CREB®

MOUNTAIN VIEW SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

800

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Sundre Carstairs Cremona Source: CREB®

MOUNTAIN VIEW NEW LISTINGS: YEAR-TO-DATE

Kneehill Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Kneehill Region* 9 16 56.25% 88 9.78 - 163,556 157,500 89%Rural Kneehill* 1 3 33.33% 19 19.00 - 221,000 221,000 11%Acme* 1 3 33.33% 7 7.00 - 157,500 157,500 11%Linden* 1 1 100.00% 3 3.00 - 91,500 91,500 11%Three Hills* 4 7 57.14% 25 6.25 - 184,000 178,750 44%Torrington* 0 1 0.00% 3 - - - - 0%Trochu* 1 0 - 22 22.00 - 176,000 176,000 11%

Other* 1 1 100.00% 12 12.00 - 90,000 90,000 11%


0

5

10

15

20

25

30

35

40


Rural Kneehill Three Hills Acme

Linden Trochu Other Source: CREB®

JULY

0

1

2

3

4

5

6

7



Linden Trochu Other Source: CREB®

JULY

July 2016

0

10

20

30

40

50

60

70

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Linden Trochu Source: CREB®

KNEEHILL SALES: YEAR-TO-DATE

0

20

40

60

80

100

120

140

160

180

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY


Linden Trochu Source: CREB®

KNEEHILL NEW LISTINGS: YEAR-TO-DATE

Willow Creek Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Willow Creek Region* 6 16 37.50% 100 16.67 - 249,833 189,500 100%Rural Willow Creek* 1 0 - 12 12.00 - 685,000 685,000 17%Claresholm* 1 8 12.50% 41 41.00 - 170,000 170,000 17%Nanton* 2 6 33.33% 26 13.00 - 212,000 212,000 33%Stavely* 2 0 - 13 6.50 - 110,000 110,000 33%

Other* 0 2 0.00% 8 - - - - 0%


0

5

10

15

20

25

30

35

40

45


Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB®

JULY

0

1

2

3

4


Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB®

JULY

July 2016

0

20

40

60

80

100

120

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

Rural Willow Creek Claresholm Nanton StavelySource: CREB®

WILLOW CREEK SALES: YEAR-TO-DATE

0

50

100

150

200

250

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

Rural Willow Creek Claresholm Nanton StavelySource: CREB®

WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE

Vulcan Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Vulcan Region* 8 10 80.00% 59 7.38 - 164,250 170,000 100%Rural Vulcan* 0 3 0.00% 21 - - - - 0%Vulcan* 3 6 50.00% 24 8.00 - 233,500 225,000 38%Carmangay* 1 0 - 4 4.00 - 104,000 104,000 13%Champion* 1 0 - 1 1.00 - 170,000 170,000 13%

Other* 3 1 300.00% 9 3.00 - 113,167 113,500 38%


0

5

10

15

20

25


Rural Vulcan Vulcan Carmangay

Champion Other Source: CREB®

JULY

0

1

2

3

4

5

6


Rural Vulcan Vulcan Carmangay

Champion Other Source: CREB®

JULY

July 2016

0

10

20

30

40

50

60

70

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

Rural Vulcan Vulcan Carmangay Champion

Source: CREB®

VULCAN SALES: YEAR-TO-DATE

0

20

40

60

80

100

120

140

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

Rural Vulcan Vulcan Carmangay Champion

Source: CREB®

VULCAN NEW LISTINGS: YEAR-TO-DATE

Bighorn Region


July 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Bighorn Region* 29 25 116.00% 114 3.93 - 615,176 605,000 100%Rural Bighorn* 1 1 100.00% 6 6.00 - 795,000 795,000 3%Canmore* 25 21 119.05% 100 4.00 - 621,604 605,000 86%

Other* 3 3 100.00% 8 2.67 - 501,667 518,000 10%


0

5

10

15

20

25

30


Canmore Other Rural Bighorn

Source: CREB®

JULY

0

1

2

3

4

5

6

7

8

9

10

11


Canmore Other Rural Bighorn

Source: CREB®

JULY

July 2016

0

50

100

150

200

250

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

Canmore Rural BighornSource: CREB®

BIGHORN SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD JULY

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 transactions as 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. DEFINITIONS Benchmark 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** Waiparous**

FOOTHILLS Rural Foothills M.D. Aldersyde** Black Diamond Blackie Cayley De Winton Heritage Pointe High River Longview** Millarville** Okotoks Priddis** Priddis Greens Turner Valley

KNEEHILL* Rural Kneehill County Acme Carbon** Huxley** Linden Swalwell** Three Hills Torrington** Trochu Wimborne**

MOUNTAIN VIEW* Rural Mountain View County Bearberry** Bergen** Carstairs Cremona Didsbury Eagle Hill** Elkton** Olds* Sundre* Water Valley** Westward Ho**

ROCKY VIEW Rural Rocky View County Balzac** Beiseker Bottrel** Bragg Creek Chestermere Cochrane Cochrane Lake** Conrich** Crossfield Dalemead** Dalroy** Delacour** Indus** Irricana Janet** Kathyrn** Keoma** Langdon Madden** 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** Standard**

July 2016

july 2016 - calgary real estate review · pdf file08.07.2016 · sales. benchmark...

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