January 2013 Monthly Calgary Housing Statistics

7/29/2019 January 2013 Monthly Calgary Housing Statistics

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CALGARY REGIONAL HOUSING MARKET STATISTICS 1.13

CALGARY'S RESALE MARKET CONTINUES TO IMPROVEJanuary sales and prices rise over previous year

Residential real estate sales in the

city of Calgary started the year on a positive note, increasing

by 15 per cent over the same month in 2012.

Total sales were 1,230 units, a significant increase over the1,068 units last year. But sales remain well below January

levels recorded through the peak years of 2003 2008.

While activity is typically slower in the winter months, recent

improvements in single family new listings helped support

improved sales in that market, said CREB President Becky

Walters. Overall indicators put the market in balancedconditions.

Single family sales totaled 879 units in January, a 15 per centincrease over January 2012 levels. New listings remained just

above levels recorded at the same time in 2012, for a total of

1,737. The slight improvement in listings helped support salesgrowth, although inventory levels remain down by double-

digits.

Inventory levels have improved relative to December, as is

the seasonal trend, said Walters.

The lower level of inventories can pose a challenge for buyers,

as they will have to make their buying decision quicker than

CITY OF CALGARY TOTAL SALES

CALGARY ACTIVITY

pa

The lower level of inventories can pose a challenge for buyers,

as they will have to make their buying decision quicker than

buyers have done over the past four years.

However, this is by no means a signal that the seller has the

advantage, said Walters. Consumers are fairly price-sensitive

and look for value in their purchase.

Unadjusted single family benchmark prices are showing

improvement over January 2012, increasing by nine per cent.They are relatively unchanged over figures reported in

December 2012.

Prices have improved in the Calgary market, but as always itis important to keep some perspective on this, said Ann-Marie

Lurie, CREB Chief Economist. While Januarys year-over-year

increase seems significant, price recovery occurred in thespring months of 2012 under tighter market conditions and

home prices leveled off for the remainder of the year.

Apartment and townhouse condominiums recorded respective

sales of 204 and 147 units in January 2013. Although salesincreased, the number of new listings declined.

With excess supply relative to demand persisting for several

years, the condominium apartment market has been slow to

recover, said Lurie. Sales growth amidst declining listings hassupported recent improvements in condominium apartment

prices, something that has already been occurring in the single

family sector.

The unadjusted benchmark apartment price totaled$251,300 in January, a 7.5 per cent increase over

the 2012, and a one per cent increase over

December figures.

Meanwhile, the condominium townhouse

benchmark price was $283,400 in January, 4.9 percent higher than January 2012, and slightly lower

than levels recorded in December.

There is cautious optimism over the economic

situation in Calgary, said Lurie.

While energy companies face market access

challenges, several options are being considered to

reach more diverse markets, she said.

If some of these options are economically viable

and pass regulatory approval, this would support

economic growth moving forward.

CREB Calgary Regional Housing Market Statistics pa


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Jan-12 Jan-13

Jan-12 Jan-13 Y/Y % 2012 YTD 2013 YTD Y/Y %

CREB TOTAL RESIDENTIAL

Total Sales 1,326 1,591 19.98% 1,326 1,591 19.98%

Total Sales Volume $522,149,047 $696,490,185 33.39% $522,149,047 $696,490,185 33.39%

New Listings 3,477 3,464 -0.37% 3,477 3,464 -0.37%

Active Listings 7,256 5,713 -21.27% N/A N/A

Sales to New Listings Ratio 0.38 0.46 20.44% 0.38 0.46 20.44%

Sales $ / List $ 96.65% 97.08% 0.43% 96.65% 97.08% 0.43%

Average DOM 69 59 -14.60% 61 62 1.64%

Average Price $393,778 $437,769 11.17% $393,778 $437,769 11.17%

Benchmark Price $356,700 $385,300 8.02%

Index 168 182 8.03%

CREB CITY OF CALGARY

Total Sales 1,068 1,230 15.17% 1,068 1,230 15.17%


New Listings 2,530 2,493 -1.46% 2,530 2,493 -1.46%



Sales $ / List $ 96.86% 97.46% 0.60% 96.86% 97.46% 0.60%

Average DOM 60 50 -16.32% 60 50 -16.67%

Average Price $391,372 $439,671 12.34% $391,372 $439,671 12.34%

Benchmark Price $361,800 $392,000 8.35%Index 169 183 8.36%

CREB TOWNS

Total Sales 187 245 31.02% 187 245 31.02%


New Listings 632 547 -13.45% 632 547 -13.45%



Sales $ / List $ 97.05% 97.11% 0.06% 97.05% 97.11% 0.06%

Average DOM 97 82 -15.28% 67 105 56.72%

Average Price $351,133 $349,213 -0.55% $351,133 $349,213 -0.55%

Benchmark Price $310,000 $329,200 6.19%

Index 163 173 6.19%

CREB CRES

Total Sales 39 35 -10.26% 39 35 -10.26%Total Sales Volume $27,168,000 $40,890,900 50.51% $27,168,000 $40,890,900 50.51%

New Listings 215 235 9.30% 215 235 9.30%

Active Listings 760 741 -2.50% N/A N/A

Sales to New Listings Ratio 0.18 0.15 -17.89% 0.18 0.15 -17.89%

Sales $ / List $ 93.65% 92.25% -1.40% 93.65% 92.25% -1.40%

Average DOM 127 151 18.82% 126 150 19.05%

Average Price $696,615 $1,168,311 67.71% $696,615 $1,168,311 67.71%

Median Price $655,000 $835,000 27.48%

For a list of definitions, see page 20.

CREB - SUMMARY STATS



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CREB SUMMARY STATISTICS CITY OF CALGARY

Jan-12 Jan-13

Jan-12 Jan-13 Y/Y % 2012 YTD 2013 YTD Y/Y %

SINGLE FAMILY

Total Sales 763 879 15.20% 763 879 15.20%


New Listings 1,714 1,737 1.34% 1,714 1,737 1.34%



Sales $ / List $ 96.96% 97.57% 0.61% 96.96% 97.57% 0.61%

Average DOM 59 47 -19.99% 59 47 -20.34%

Average Price $440,478 $496,579 12.74% $440,478 $496,579 12.74%

Benchmark Price $400,800 $436,900 9.01%

Index 170 185 8.99%

CONDO APARTMENT

Total Sales 179 204 13.97% 179 204 13.97%


New Listings 504 450 -10.71% 504 450 -10.71%



Sales $ / List $ 96.32% 96.85% 0.53% 96.32% 96.85% 0.53%

Average DOM 64 62 -2.55% 63 62 -1.59%

Average Price $247,837 $280,273 13.09% $247,837 $280,273 13.09%

Benchmark Price $233,800 $251,300 7.49%Index 163 176 7.47%

CONDO TOWNHOUSE

Total Sales 126 147 16.67% 126 147 16.67%


New Listings 312 306 -1.92% 312 306 -1.92%



Sales $ / List $ 96.63% 97.22% 0.58% 96.63% 97.22% 0.58%

Average DOM 61 52 -14.94% 60 51 -15.00%

Average Price $297,918 $320,590 7.61% $297,918 $320,590 7.61%

Benchmark Price $270,300 $283,400 4.85%

Index 169 177 4.85%



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MLS HPI SUMMARY

Benchmark Price Index (HPI) Dec-12 Jul-12 Jan-12 Jan-10 Jan-08


Single Family 423,500 184 0.5% 0.9% 8.6% 7.5% 1.9%

Townhouse 282,000 177 -0.2% 2.2% 4.8% 1.7% -8.7%

Apartment 250,400 175 1.1% 1.5% 7.3% 2.6% -9.8%

COMPOSITE 385,300 182 0.5% 1.1% 8.0% 6.1% -1.3%

CREB TOWNS

Single Family 335,300 173 0.6% 0.9% 6.4% 4.1% -4.3%

Townhouse 225,300 182 0.5% 4.1% 5.0% 3.3% -11.4%

Apartment 191,400 164 2.9% 1.5% 2.9% 1.6% -15.6%

COMPOSITE 329,200 173 0.7% 1.0% 6.2% 4.0% -5.1%

CREB CITY OF CALGARY

Single Family 436,900 185 0.5% 1.0% 9.0% 8.2% 3.1%

Townhouse 283,400 177 -0.2% 2.2% 4.9% 1.7% -8.6%

Apartment 251,300 176 1.0% 1.5% 7.5% 2.6% -9.7%

COMPOSITE 392,000 183 0.5% 1.2% 8.4% 6.5% -0.7%

% ChangesJanuary 2013



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COMPARISONS

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

1 storey 2 Storey Total SF Townhouse Apartment Total Composite

Benchmark Price - January

CREB Total Residential CREB City of Calgary CREB Towns Source: CREB

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Months of Supply - January

71.72% 71.46%83.67%

11.50% 11.95%

8.57%14.58% 16.59%7.76%

2.20%

20%

40%

60%

80%

100%

120%

Sales Distribution - January

-

2.0

.

Months of Supply SF Months of SupplyTownhouse

Months of SupplyApartment

CREB Total Residential CREB City of Calgary

CREB Towns Source: CREB

71.72% 71.46%83.67%

0%

20%

CREB TotalResidential

CREB City ofCalgary

CREB Towns

Single Family Townhouse Apartment CRES Source: CREB

150155

160

165

170

175

180

185

190

195

200

CALGARY INDEX VALUE

Index Value Single Family Index Value Tonwhouse

Index Value Apartment Source: CREB

-20%

-15%

-10%

-5%

0%

5%

10%

15%

CALGARY INDEX YEAR OVER YEAR COMPARISON

SF Y/Y Index Price Change

Apartment Y/Y Index Price Change

Townhouse Y/Y Price Change Source: CREB

CREB Calgary Regional Housing Market Statistics pag


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CITY OF CALGARY

0

500

1,000

1,500

2,000

2,500 YTD-JANUARY

CALGARY YTD TOTAL SALES

SF Sales Apartment SalesTH Sales 10 Year Average Source: CREB

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000YTD-JANUARY

CALGARY YTD TOTAL NEW LISTINGS

SF New Listings Apartment New ListingsTH New Listings 10 Year Average Source: CREB

50 000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

1,000

2,000

3,000

4,000

5,000

6,000

7,000

CALGARY INVENTORY AND SALES

1

2

3

4

5

6

7

89

CALGARY MONTHS OF INVENTORY

BALANCED

-

50,000

100,000

-

1,000

Inventory Sales Benchmark Price Source: CREB

-

1

Months of Supply 3 month MA Source: CREB

-20%

-15%

-10%

-5%

0%

5%

10%

15%

CALGARY PRICE CHANGE COMPARISON

Average Price Y/Y% Change Y/Y Median Price Change

Index Y/Y% Change Source: CREB

320,000

340,000

360,000

380,000

400,000

420,000

440,000

460,000

CALGARY PRICES

Average Price Median PriceBenchmark Price Source: CREB



8/20


9/20

CITY OF CALGARY SINGLE FAMILY

0

200

400

600

800

1,000

1,200

1,400

1,600 YTD-JANUARY

CALGARY YTD SINGLE FAMILY SALES

SF Sales 10 Year Average Source: CREB

0

500

1,000

1,5002,000

2,500

3,000

3,500YTD-JANUARY

CALGARY YTD SINGLE FAMILY NEW LISTINGS

SF New Listings 10 Year Average Source: CREB

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000500,000

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

CALGARY SINGLE FAMILY INVENTORY AND SALES

2

3

4

5

6

7

8

9

CALGARY SINGLE FAMILY MONTHS OF INVENTORY

BALANCED

-

50,000

100,000

-

500

1,000

SF Inventory SF Sales SF Benchmark Price Source: CREB

-

1

2

SF Months of Supply 3 month MA Source: CREB

-15%

-10%

-5%

0%

5%

10%

15%

CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON

SF Average Price Y/Y% Change SF Median Price Change


350,000

370,000

390,000

410,000

430,000

450,000

470,000

490,000

510,000

CALGARY SINGLE FAMILY PRICES

SF Average Price SF Median PriceSF Benchmark Price Source: CREB



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11/20

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

0

50

100

150

200

250

300

350YTD-JANUARY

CALGARY YTD TOWNHOUSE SALES

Townhouse Sales 10 Year Average Source: CREB

-

100

200

300

400

500

600 YTD-JANUARY

CALGARY YTD TOWNHOUSE NEW LISTINGS

Townhouse New Listings 10 Year Average Source: CREB

50,000

100,000

150,000

200,000

250,000

300,000

100

200

300

400

500

600

700

800

CALGARY TOWNHOUSE INVENTORY AND SALES

2

3

4

5

6

7

8

9

CALGARY TOWNHOUSE MONTHS OF INVENTORY

BALANCED

-

50,000

-

100

TH Inventory TH Sales TH Benchmark Price Source: CREB

-

1

2

TH Months of Supply 3 month MA Source: CREB

-20%

-15%

-10%

-5%

0%

5%

10%

15%

CALGARY TOWNHOUSE PRICE CHANGE COMPARISON

TH Average Price Y/Y % Change TH Median Price Change


220,000

240,000

260,000

280,000

300,000

320,000

340,000

CALGARY TOWNHOUSE PRICES

TH Average Price Median PriceTH Benchmark Price Source: CREB



12/20


13/20

CITY OF CALGARY CONDOMINIUM APARTMENTS

0

50

100

150

200

250

300

350

400

450YTD-JANUARY

CALGARY YTD APARTMENT SALES

Apartment Sales 10 Year Average Source: CREB

0

100

200

300

400

500

600

700

800

900YTD-JANUARY

CALGARY YTD APARTMENT NEW LISTINGS

Apartment New Listings 10 Year Average Source: CREB

50,000

100,000

150,000

200,000

250,000

300,000

200

400

600

800

1,000

1,200

1,400

CALGARY APARTMENT INVENTORY AND SALES

1

2

3

4

5

6

7

8

910

CALGARY APARTMENT MONTHS OF INVENTORY

BALANCED

-

50,000

-

200

Apartment Inventory Apartment SalesApartment Benchmark Price Source: CREB

-

1

2

Apartment Months of Supply 3 month MA Source: CREB

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

CALGARY APARTMENT PRICE CHANGE COMPARISON

Apartment Average Price Y/Y% ChangeMedian Price ChangeIndex Y/Y% Change Source: CREB

200,000

220,000

240,000

260,000

280,000

300,000

320,000

CALGARY APARTMENT PRICES

Apartment Average Price Median Price Benchmark PriceSource: CREB



14/20


15/20

CREB TOWNS

0

50

100

150

200

250

300

350

400

CREB TOWNS YTD TOTAL SALES

SF Sales Apartment SalesTH Sales 10 Year Average Source: CREB

0

100

200

300

400500

600

700

800

900

CREB TOWNS YTD TOTAL NEW LISTINGS

SF New Listings Apartment New ListingsTH New Listings 10 Year Average Source: CREB

50,000

100,000

150,000

200,000

250,000

300,000

350,000

500

1,000

1,500

2,000

2,500

CREB TOWNS INVENTORY AND SALES

2

4

6

8

10

12

14

16

CREB TOWNS MONTHS OF INVENTORY

BALANCED

-

50,000

-

500


-

2


-15%

-10%

-5%

0%

5%

10%

15%

20%

CREB TOWNS PRICE CHANGE COMPARISON

Average Price Y/Y% Change Median Price Change


250,000

270,000

290,000

310,000

330,000

350,000

370,000

390,000

CREB TOWNS PRICES

Average Price Median Price Benchmark PriceSource: CREB



16/20


17/20

CREB COUNTRY RESIDENTIAL

0

10

20

30

40

50

60

CRES YTD TOTAL SALES

CRES Sales 10 Year Average Source: CREB

0

50

100

150

200

250

CRES YTD TOTAL NEW LISTINGS

CRES New Listings 10 Year Average Source: CREB

100 000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

200

400

600

800

1,000

1,200

1,400

CRES INVENTORY AND SALES

5

10

15

20

25

30

35

40

CRES MONTHS OF INVENTORY

BALANCED

0

100,000

200,000

-

200

Inventory Sales Median Price Source: CREB

-

5


-40%

-20%

0%

20%

40%

60%

80%

CRES PRICE CHANGE COMPARISON

Average Price Y/Y% Change

Median Price Change

Average Price Y/Y% Change 3 month MA Source: CREB

500,000

600,000

700,000

800,000

900,000

1,000,000

1,100,000

1,200,000

1,300,000

CRES PRICES

Average Price Average Price 3 month MA Median PriceSource: CREB



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19/20


0

500

1,000

1,500

2,000

2,500

3,000YTD-JANUARY

CREB RESIDENTIAL YTD TOTAL SALES

SF Sales Apartment Sales

TH Sales CRES Source: CREB

0

1,000

2,000

3,000

4,000

5,000

6,000YTD-JANUARY

CREB RESIDENTIAL YTD TOTAL NEW LISTINGS

SF New Listings Apartment New Listings

TH New Listings CRES New Listings

10 Year Average Source: CREB

100,000

150,000

200,000

250,000

300,000

350,000

400,000450,000

2,000

4,000

6,000

8,000

10,000

12,000

CREB RESIDENTIAL INVENTORY AND SALES

2

4

6

8

10

12

CREB RESIDENTIAL MONTHS OF INVENTORY

BALANCED

0

50,000

100,000

-

2,000


-20%

-15%

-10%

-5%

0%

5%

10%

15%

CREB RESIDENTIAL PRICE CHANGE COMPARISON

Average Price Y/Y Change Median Price Change


300,000

320,000

340,000

360,000

380,000

400,000

420,000

440,000

460,000

CREB RESIDENTIAL PRICES

Average Price Median Price Benchmark PriceSource: CREB

-

2




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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 throughthe monthly statistics package as of March 2012, reflect these adjustments. Please note, historical PDF packages do not include thechanges.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.

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

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 is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 member offices. CREBis dedicated to enhancing the value, integrity and expertise of its REALTOR members. Our REALTORS are committed to a highstandard 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 datahas 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 oranalysis 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 areowned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals whoare members of CREA. The trademarks REALTOR and REALTORS are controlled by CREA and identify real estate professionalswho are members of CREA, and subsequently the Alberta Real Estate Association and CREB, used under licence.

January 2013 Monthly Calgary Housing Statistics

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Transcript of January 2013 Monthly Calgary Housing Statistics