september september 2019 2019 - creb® | real estate ... 2019 regio… · creb® region report •...
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September 2019September 2019
MONTHLY STATISTICS PACKAGE
CREB® Region Report
75%
6%
7%
5%
3% 1% 3%
SHARE OF SALES September 2019
Calgary
Airdrie
Rocky View Region
Foothills Region
Mountain ViewRegionWheatland Region
Other Active Areas
Source: CREB®
REGIONAL HIGHLIGHTSOctober 1, 2019
Airdrie• Conditions in the resale market
continue to show signs of growth. Sales activity improved in September, pushing year-to-date sales up by nearly three per cent. New listings eased, which helped reduce inventory in the market.
• The market remains slightly oversupplied, but the months of supply is edging down from last year’s high levels. This is supporting more stability in monthly price movements. As of September, the unadjusted benchmark price was nearly two per cent lower than last year’s levels.
Cochrane• Sales in the area continue to
improve and year-to-date levels remain the third-highest on record. The area faces fewer challenges with demand than the Calgary market, but elevated inventories continue to weigh on prices.
• Inventories are starting to trend down. If this continues, the market should move into more balanced conditions and, eventually, support some price stability.
Okotoks• Sales activity continues to
recover from the low levels recorded last year. Improving sales and easing new listings are causing year-over-year inventory declines and reducing oversupply in the market.
• The market has been trending into balanced conditions, but prices have been slow to react. Year-to-date benchmark prices remain just over four per cent lower than last year’s levels.
Sep. 19
CREB® Calgary Regional Housing Market Statistics 2
CREB® Region Summary
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
City of Calgary 1,371 2,714 50.52% 6,889 5.02 424,900 461,429 405,000 75%Airdrie 102 169 60.36% 493 4.83 334,600 377,649 356,250 6%Rocky View Region 126 267 47.19% 1,064 8.44 523,500 589,668 444,750 7%Foothills Region 96 188 51.06% 691 7.20 369,900 463,482 403,000 5%Mountain View Region 56 74 75.68% 402 7.18 301,300 307,037 300,000 3%Kneehill Region 7 11 63.64% 89 12.71 174,400 158,029 173,500 0%Wheatland Region 21 49 42.86% 246 11.71 216,200 262,138 255,900 1%Willow Creek Region 8 24 33.33% 118 14.75 202,400 221,438 230,250 0%Vulcan Region 6 8 75.00% 89 14.83 236,500 167,500 149,500 0%Bighorn Region 29 38 76.32% 150 5.17 778,100 689,974 555,000 2%CREB® Economic Region 1,822 3,542 51.44% 10,231 5.62 419,400 459,123 399,450 100%
0
300
600
900
1,200
1,500
1,800
2,100
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®
SEPTEMBER
Sep. 19
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®
SEPTEMBER
0
5,000
10,000
15,000
20,000
25,000
30,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
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 NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 3
CREB® Region
0
5,000
10,000
15,000
20,000
25,000
30,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - Detached
Row 10 Year AverageSource: CREB®
CREB® ECONOMIC REGION TOTAL SALES
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
440,000
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
CREB® ECONOMIC REGION INVENTORY AND SALES
-
1
2
3
4
5
6
7
8
9
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
CREB® ECONOMIC REGION MONTHS OF INVENTORY
-10%
-5%
0%
5%
10%
15%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
CREB® ECONOMIC REGION PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
CREB® ECONOMIC REGION PRICES
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019 Source: CREB®
CREB® ECONOMIC REGION TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 4
CREB® Region
TYPICAL HOME ATTRIBUTES - DETACHED HOMES
Gross Living Area (Above Ground) Lot Size
Above Ground Bedrooms Year Built
Full Bathrooms
Half Bathrooms
City of Calgary 1407 4897 3 1992 2 1Airdrie 1435 4596 3 2003 2 1Rural Rocky View 1863 3957 3 1997 2 1Cochrane 1548 5476 3 1999 2 1Chestermere 1909 5519 3 2003 2 1Rural Foothills 1752 Unavailable 3 1995 2 0High River 1341 5646 3 1997 2 0Okotoks 1541 4972 3 2002 2 1Turner Valley 1232 6200 3 1994 2 0Rural Mountain View 1345 6027 3 1989 2 0Carstairs 1335 6504 3 2001 2 0Didsbury 1251 6473 3 1982 2 0Rural Wheatland 1264 6135 3 1979 2 0Strathmore 1302 5562 3 2000 2 0
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Calgary Airdrie RuralRocky View
Chester-mere
Cochrane RuralFoothills
HighRiver
Okotoks TurnerValley
RuralMtn. View
Carstairs Didsbury RuralWheatland
Strathmore
DETACHED BENCHMARK PRICE
Source: CREB®
SEPTEMBER
Sep. 19
-8%-6%-4%-2%0%2%4%6%8%
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®
SEPTEMBER
CREB® Calgary Regional Housing Market Statistics 5
Calgary CMA
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
City of Calgary 1,371 2,714 50.52% 6,889 5.02 424,900 461,429 405,000 86%Airdrie 102 169 60.36% 493 4.83 334,600 377,649 356,250 6%Rocky View Region 126 267 47.19% 1,064 8.44 523,500 589,668 444,750 8%Calgary CMA 1,599 3,150 50.76% 8,446 5.28 423,800 466,190 402,500 100%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
CALGARY CMA INVENTORY BY PRICE RANGE
Calgary Airdrie Rocky View Region
Source: CREB®
SEPTEMBER
Sep. 19
0
50
100
150
200
250
300
350
400
450
500
CALGARY CMA SALES BY PRICE RANGE
Calgary Airdrie Rocky View Region
Source: CREB®
SEPTEMBER
0
5,000
10,000
15,000
20,000
25,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Calgary Airdrie Rocky View RegionSource: CREB®
CALGARY CMA SALES: YEAR-TO-DATE
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Calgary Airdrie Rocky View Region
Source: CREB®
CALGARY CMA NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 6
Calgary CMA
0
5,000
10,000
15,000
20,000
25,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
CALGARY CMA TOTAL SALES
405,000
410,000
415,000
420,000
425,000
430,000
435,000
440,000
445,000
-
2,000
4,000
6,000
8,000
10,000
12,000
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
CALGARY CMA INVENTORY AND SALES
-
1
2
3
4
5
6
7
8
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
CALGARY CMA MONTHS OF INVENTORY
-10%
-5%
0%
5%
10%
15%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
CALGARY CMA PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
CALGARY CMA PRICES
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
CALGARY CMA TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 7
Airdrie
0
200
400
600
800
1,000
1,200
1,400
1,600
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
AIRDRIE TOTAL SALES
320,000
325,000
330,000
335,000
340,000
345,000
-
100
200
300
400
500
600
700
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
AIRDRIE INVENTORY AND SALES
-
1
2
3
4
5
6
7
8
9
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
AIRDRIE MONTHS OF INVENTORY
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
AIRDRIE PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
AIRDRIE PRICES
0
50
100
150
200
250
300
350
400
450YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
AIRDRIE TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 8
Rocky View Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Rocky View Region 126 267 47.19% 1,064 8.44 523,500 589,668 444,750 100%Rural Rocky View 30 68 44.12% 389 12.97 792,900 1,089,048 993,750 24%Beiseker 1 1 100.00% 12 12.00 - 272,000 272,000 1%Bragg Creek 3 5 60.00% 25 8.33 - 765,500 765,000 2%Chestermere 24 67 35.82% 210 8.75 458,400 514,595 497,944 19%Cochrane 54 95 56.84% 309 5.72 405,600 372,352 372,250 43%Crossfield 6 13 46.15% 40 6.67 - 354,500 365,000 5%Irricana 0 1 0.00% 17 - - NA NA 0%Langdon 4 11 36.36% 36 9.00 - 396,250 387,500 3%Redwood Meadows 1 3 33.33% 10 10.00 - 585,000 585,000 1%
Other 3 3 100.00% 16 5.33 - 767,967 705,000 2%
0
50
100
150
200
250
300INVENTORY BY PRICE RANGE
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
SEPTEMBER
0
5
10
15
20
25
30
35SALES BY PRICE RANGE
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
SEPTEMBER
Sep. 19
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
ROCKY VIEW SALES: YEAR-TO-DATE
0
500
1,000
1,500
2,000
2,500
3,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
ROCKY VIEW NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 9
Cochrane
0
100
200
300
400
500
600
700
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
COCHRANE TOTAL SALES
385,000
390,000
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
-
50
100
150
200
250
300
350
400
450
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
COCHRANE INVENTORY AND SALES
-
2
4
6
8
10
12
14
16
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
COCHRANE MONTHS OF INVENTORY
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
COCHRANE PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
COCHRANE PRICES
0
20
40
60
80
100
120
140
160
180
200YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
COCHRANE TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 10
Chestermere
0
50
100
150
200
250
300
350
400
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
CHESTERMERE TOTAL SALES
440,000
445,000
450,000
455,000
460,000
465,000
470,000
475,000
480,000
485,000
-
50
100
150
200
250
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
CHESTERMERE INVENTORY AND SALES
-
2
4
6
8
10
12
14
16
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
CHESTERMERE MONTHS OF INVENTORY
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
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
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
CHESTERMERE PRICES
0
10
20
30
40
50
60
70
80
90YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
CHESTERMERE TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 11
Rural Rocky View
0
50
100
150
200
250
300
350
400
450
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
RURAL ROCKY VIEW TOTAL SALES
740,000
750,000
760,000
770,000
780,000
790,000
800,000
810,000
820,000
-
50
100
150
200
250
300
350
400
450
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
RURAL ROCKY VIEW INVENTORY AND SALES
-
10
20
30
40
50
60
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
RURAL ROCKY VIEW MONTHS OF INVENTORY
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
RURAL ROCKY VIEW PRICE CHANGE
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
RURAL ROCKY VIEW PRICES
0
20
40
60
80
100
120
140YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 12
Foothills Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Foothills Region 96 188 51.06% 674 7.02 369,900 463,482 403,000 100%Rural Foothills 13 45 28.89% 228 17.54 451,900 861,585 775,000 13%Black Diamond 6 5 120.00% 18 3.00 - 288,417 276,500 6%Blackie 0 0 - 8 - - NA NA 0%Cayley 1 4 25.00% 6 6.00 - 80,000 80,000 1%De Winton 1 1 100.00% 8 8.00 - 775,000 775,000 1%Heritate Pointe 2 6 33.33% 37 18.50 - 916,250 916,250 2%High River 20 32 62.50% 113 5.65 316,800 337,480 336,000 21%Okotoks 47 81 58.02% 218 4.64 411,700 426,895 421,500 48%Turner Valley 3 9 33.33% 31 10.33 298,500 270,667 338,000 3%Priddis Greens 1 1 100.00% 12 12.00 - 355,000 355,000 1%Longview 1 1 100.00% 3 3.00 - 130,000 130,000 1%Other 2 4 50.00% 12 6.00 - 447,500 447,500 2%
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®
SEPTEMBER
0
5
10
15
20
25
30SALES BY PRICE RANGE
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®
SEPTEMBER
Sep. 19
0
200
400
600
800
1,000
1,200
1,400
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Source: CREB®
FOOTHILLS NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 13
Okotoks
0
100
200
300
400
500
600
700
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
OKOTOKS TOTAL SALES
385,000
390,000
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
-
50
100
150
200
250
300
350
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
OKOTOKS INVENTORY AND SALES
-
2
4
6
8
10
12
14
16
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
OKOTOKS MONTHS OF INVENTORY
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
OKOTOKS PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
OKOTOKS PRICES
0
20
40
60
80
100
120
140
160YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
OKOTOKS TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 14
Rural Foothills
0
50
100
150
200
250
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
RURAL FOOTHILLS TOTAL SALES
380,000
390,000
400,000
410,000
420,000
430,000
440,000
450,000
460,000
-
50
100
150
200
250
300
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
RURAL FOOTHILLS INVENTORY AND SALES
-
10
20
30
40
50
60
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
RURAL FOOTHILLS MONTHS OF INVENTORY
-15%
-10%
-5%
0%
5%
10%
15%
20%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
RURAL FOOTHILLS PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
RURAL FOOTHILLS PRICES
0
10
20
30
40
50
60
70
80YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 15
Wheatland Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Wheatland Region* 21 49 42.86% 246 11.71 216,200 262,138 255,900 90%Rural Wheatland* 2 6 33.33% 54 27.00 216,200 395,250 395,250 10%Carseland* 1 2 50.00% 3 3.00 - 172,500 172,500 5%Lyalta* 0 2 0.00% 15 - - NA NA 0%Rockyford* 0 1 0.00% 6 - - NA NA 0%Strathmore 15 34 44.12% 150 10.00 338,800 291,760 268,000 71%Gleichen 1 2 50.00% 4 4.00 - 79,000 79,000 5%
Other* 3 4 75.00% 18 6.00 - 55,167 60,000 14%
*Data within these areas many not accurately reflect total resale activity and trends
0
10
20
30
40
50
60
70
INVENTORY BY PRICE RANGE
Strathmore Rural Wheatland Carseland
Lyalta Rockyford OtherSource: CREB®
SEPTEMBER
0
1
2
3
4
5
6
7
8
9
10
SALES BY PRICE RANGE
Strathmore Rural Wheatland Carseland
Lyalta Rockyford OtherSource: CREB®
SEPTEMBER
Sep. 19
0
50
100
150
200
250
300
350
400
450
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Strathmore Rural Wheatland Carseland
Lyalta RockyfordSource: CREB®
WHEATLAND SALES: YEAR-TO-DATE
0
100
200
300
400
500
600
700
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Strathmore Rural Wheatland Carseland
Lyalta RockyfordSource: CREB®
WHEATLAND NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 16
Strathmore
0
50
100
150
200
250
300
350
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
STRATHMORE TOTAL SALES
310,000
320,000
330,000
340,000
350,000
360,000
370,000
-
20
40
60
80
100
120
140
160
180
200
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'19
Feb.'19
Mar.'19
Apr.'19
May.'19
Jun.'19
Jul.'19
Aug.'19
Sep.'19
Inventory Sales Benchmark Price Source: CREB®
STRATHMORE INVENTORY AND SALES
-
5
10
15
20
25
2014 2015 2016 2017 2018 2019
Months of Supply TrendedSource: CREB®
12 month moving average
STRATHMORE MONTHS OF INVENTORY
-15%
-10%
-5%
0%
5%
10%
15%
20%
2014 2015 2016 2017 2018 2019
Semi Y/Y%change Row Y/Y% changeApartment Y/Y% change Detached Y/Y% Change
Source: CREB®
STRATHMORE PRICE CHANGE
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
STRATHMORE PRICES
0
10
20
30
40
50
60
70
80
90YTD SEPTEMBER
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
STRATHMORE TOTAL SALES BY PRICE RANGE
Sep. 19
CREB® Calgary Regional Housing Market Statistics 17
Mountain View Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Mountain View Region* 56 74 75.68% 402 7.18 301,300 307,037 300,000 100%Rural Mountain View* 5 14 35.71% 120 24.00 256,300 339,800 280,000 9%Carstairs 11 22 50.00% 63 5.73 315,600 348,644 360,000 20%Cremona 2 1 200.00% 3 1.50 - 213,000 213,000 4%Didsbury 9 15 60.00% 38 4.22 293,600 285,174 310,000 16%Olds* 24 15 160.00% 106 4.42 333,000 323,308 302,500 43%Sundre* 5 6 83.33% 63 12.60 260,500 181,600 155,000 9%
Other* 0 1 0.00% 9 - - NA NA 0%
*Data within these areas many not accurately reflect total resale activity and trends
0
20
40
60
80
100
120
INVENTORY BY PRICE RANGE
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona
Other Source: CREB®
SEPTEMBER
0
2
4
6
8
10
12
14
16
18
SALES BY PRICE RANGE
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona
Other Source: CREB®
SEPTEMBER
Sep. 19
0
100
200
300
400
500
600
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona Source: CREB®
MOUNTAIN VIEW SALES: YEAR-TO-DATE
0
100
200
300
400
500
600
700
800
900
1,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona Source: CREB®
MOUNTAIN VIEW NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 18
Kneehill Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Kneehill Region* 7 11 63.64% 89 12.71 174,400 158,029 173,500 86%Rural Kneehill* 0 2 0.00% 13 - 174,400 NA NA 0%Acme* 1 0 - 5 5.00 - 94,800 94,800 14%Linden* 1 0 - 8 8.00 - 275,400 275,400 14%Three Hills* 3 3 100.00% 23 7.67 - 183,667 182,500 43%Torrington* 1 1 100.00% 3 3.00 - 90,000 90,000 14%Trochu* 0 3 0.00% 21 - - NA NA 0%
Other* 1 2 50.00% 19 19.00 - 95,000 95,000 14%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
35
40
INVENTORY BY PRICE RANGE
Rural Kneehill Three Hills Acme
Linden Trochu Other Source: CREB®
SEPTEMBER
0
1
2
3
4
5
6
SALES BY PRICE RANGE
Rural Kneehill Three Hills Acme
Linden Trochu Other Source: CREB®
SEPTEMBER
Sep. 19
0
10
20
30
40
50
60
70
80
90
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Kneehill Three Hills Acme
Linden Trochu Source: CREB®
KNEEHILL SALES: YEAR-TO-DATE
0
50
100
150
200
250
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Kneehill Three Hills Acme
Linden Trochu Source: CREB®
KNEEHILL NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 19
Willow Creek Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Willow Creek Region* 8 24 33.33% 118 14.75 202,400 221,438 230,250 100%Rural Willow Creek* 0 4 0.00% 32 - 201,500 NA NA 0%Claresholm* 3 10 30.00% 44 14.67 - 194,500 210,500 38%Nanton* 4 9 44.44% 28 7.00 - 223,500 210,000 50%Stavely* 0 0 - 9 - - NA NA 0%
Other* 1 1 100.00% 5 5.00 - 294,000 294,000 13%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
35
INVENTORY BY PRICE RANGE
Rural Willow Creek Claresholm Nanton Stavely Other
Source: CREB®
SEPTEMBER
0
1
2
3
4
5
SALES BY PRICE RANGE
Rural Willow Creek Claresholm Nanton Stavely Other
Source: CREB®
SEPTEMBER
Sep. 19
0
20
40
60
80
100
120
140
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Willow Creek Claresholm Nanton StavelySource: CREB®
WILLOW CREEK SALES: YEAR-TO-DATE
0
50
100
150
200
250
300
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Willow Creek Claresholm Nanton StavelySource: CREB®
WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 20
Vulcan Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Vulcan Region* 6 8 75.00% 89 14.83 236,500 167,500 149,500 100%Rural Vulcan* 3 3 100.00% 42 14.00 - 210,333 180,000 50%Vulcan* 2 3 66.67% 27 13.50 - 120,000 120,000 33%Carmangay* 0 0 - 7 - - NA NA 0%Champion* 0 0 - 3 - - NA NA 0%
Other* 1 2 50.00% 10 10.00 - 134,000 134,000 17%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
35
INVENTORY BY PRICE RANGE
Rural Vulcan Vulcan Carmangay
Champion Other Source: CREB®
SEPTEMBER
0
1
2
3
4
5
6
SALES BY PRICE RANGE
Rural Vulcan Vulcan Carmangay
Champion Other Source: CREB®
SEPTEMBER
Sep. 19
0
10
20
30
40
50
60
70
80
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Vulcan Vulcan Carmangay Champion
Source: CREB®
VULCAN SALES: YEAR-TO-DATE
0
20
40
60
80
100
120
140
160
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Rural Vulcan Vulcan Carmangay Champion
Source: CREB®
VULCAN NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 21
Bighorn Region
September 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Bighorn Region* 29 38 76.32% 150 5.17 778,100 689,974 555,000 100%Rural Bighorn* 0 1 0.00% 11 - - NA NA 0%Canmore* 26 31 83.87% 121 4.65 - 725,086 565,750 90%
Other* 3 6 50.00% 18 6.00 - 385,667 390,000 10%
*Data within these areas many not accurately reflect total resale activity and trends
0
10
20
30
40
50
60
70
INVENTORY BY PRICE RANGE
Canmore Other Rural Bighorn
Source: CREB®
SEPTEMBER
0
1
2
3
4
5
6
7
8
SALES BY PRICE RANGE
Canmore Other Rural Bighorn
Source: CREB®
SEPTEMBER
Sep. 19
0
50
100
150
200
250
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Canmore Rural BighornSource: CREB®
BIGHORN SALES: YEAR-TO-DATE
0
100
200
300
400
500
600
700
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD SEPTEMBER
Canmore Rural BighornSource: CREB®
BIGHORN NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 22
CREB® Definitions
CREB® REPORTING REGIONS* Data within these areas may not accurately reflect total resale activity and trends. CREB® resale data only includes activity occurring within our membership. For the identified areas, the data could be missing a signification portion of transactionsas not all active Realtors® in the area are a member of the CREB® board.** Resale activity in these areas does not meet the minimum reporting standard.
DEFINITIONSBenchmark Price - Represents the monthly price of the typical home based on its attributes, such as size, location and number of bedrooms.MLS® Home Price Index – changes in home prices by comparing current price levels relative to January 2005 price level. Absorption Rate – refers to the ratio between the amounts of sales occurring in the market relative to the amount of active listings / Inventory. Months of Supply – refers to the ratio between inventory and sales and represents at the current pace of sales how long it would take to sell existing inventory and the current rate of sales. Detached - A unit that is not attached to any other unit.Semi-detached - A single dwelling built as one of a pair that shares one common wall. Row - A single dwelling attached to each other by a common wall with more than two properties in the complex.Attached - Both row and semi-detached properties.Apartment - High-rise and low-rise condominium properties with access through an interior hallway.Total Residential - Includes detached, attached and apartment style properties.Exclusions – Data included in this package do not include activity related to multiple-unit sales, rental, land or leased properties.Rural – Data represents activity occurring within the broader region but not in any specific town/hamlet/village within the region.ABOUT CREB®CREB® is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 member offices. CREB® is dedicated to enhancing the value, integrity and expertise of its REALTOR® members. Our REALTORS® are committed to a high standard of professional conduct, ongoing education, and a strict Code of Ethics and standards of business practice. Any use or reference to CREB® data and statistics must acknowledge CREB® as the source. The board does not generate statistics or analysis of any individual member or company’s market share. All MLS® active listings for Calgary and area may be found on the board’s website at ww.creb.com. CREB® is a registered trademark of the Calgary Real Estate Board Cooperative. The trademarks MLS® and Multiple Listing Service® are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR® and REALTORS® are controlled by CREA and identify real estate professionals who are members of CREA, and subsequently the Alberta Real Estate Association and CREB®, used under licence.
WILLOW CREEK*Rural Willow Creek County*Claresholm*Fort Macleod**Granum**Nanton*Parkland**
BIGHORN*Rural Bighorn M.D.Benchlands**Canmore*Exshaw**Ghost Lake**Harvie Heights**Lac des Arcs**Seebe**
FOOTHILLSRural Foothills M.D.Aldersyde**Black DiamondBlackieCayleyDe WintonHeritage PointeHigh RiverLongview**Millarville**OkotoksPriddis**Priddis GreensTurner Valley
KNEEHILL*Rural Kneehill CountyAcmeCarbon**Huxley**LindenSwalwell**Three HillsTorrington**Trochu
MOUNTAIN VIEW*Rural Mountain View CountyBearberry**Bergen**CarstairsCremonaDidsburyEagle Hill**Elkton**Olds*Sundre*Water Valley**Westward Ho**
ROCKY VIEWRural Rocky View CountyBalzac**BeisekerBottrel**Bragg CreekChestermereCochraneCochrane Lake**Conrich**CrossfieldDalemead**Dalroy**Delacour**Indus**IrricanaJanet**Kathyrn**Keoma**LangdonMadden**Redwood Meadows
VULCAN*Rural Vulcan County*Arrowwood**Brand**Carmangay*Champion*Ensign**Herronton**Kirkcaldy**Lomond**Milo**Mossleigh**Queenstown**Shouldice**Travers**
WHEATLAND*Rural Wheatland County*Ardenode**Carseland*Chancellow**Cheadle**Cluny**Dalum**Gleichen**Hussar**Lyalta*Namaka**Rockyford*Rosebud**
Sep. 19
CREB® Calgary Regional Housing Market Statistics 23