January 2019 - Calgary · January 2019 sales in Airdrie totalled 65 units. This is just below...
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January 2019
Transcript of January 2019 - Calgary · January 2019 sales in Airdrie totalled 65 units. This is just below...
January 2019
MONTHLY STATISTICS PACKAGE
CREB® Region Report
79%
6%
5%
4% 2% 1%3%
SHARE OF SALES January 2019
Calgary
Airdrie
Rocky View Region
Foothills Region
Mountain ViewRegionWheatland Region
Other Active Areas
Source: CREB®
REGIONAL HIGHLIGHTSFebrauary 1, 2019
Airdrie• January 2019 sales in Airdrie totalled 65
units. This is just below levels recorded last year, but comparable to the average activity occurring over the past ten years.
• Despite easing new listings compared to last January, inventory levels increased to 422 units. Higher inventories given the sales activity caused months of supply to remain elevated at 6.5 months. Persistently high levels of supply relative to demand continue to weigh on prices.
• Detached prices totalled $354,300 in January – 0.5 per cent below last month’s price and nearly five per cent lower than January 2018.
Cochrane• Due to a pullback in Row sales, January
sales activity slowed compared to last year and longer-term trends. At the same time new listings eased causing inventory gains and the months of supply to rise to nearly 14 months.
• The oversupply in the market has caused prices to trend down compared to the previous month. However, on a year-over-year basis the detached benchmark price of $408,600 was relatively stable comparable to January 2018 price levels.
Okotoks• Sales activity in January declined over last
year. While the new listings in the market also declined compared to last year, there were still far more new listings then sales activity causing inventories to rise and months of supply to remain above 10 months.
• Persistent oversupply has continued to weigh on benchmark prices with the third consecutive month-over-month decline. Detached home prices totalled $416,900 in January. This is one per cent lower than last month and three per cent lower than the same time last year.
Jan. 19
CREB® Calgary Regional Housing Market Statistics 2
CREB® Region Summary
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
City of Calgary 804 2,575 31.22% 5,473 6.81 414,800 451,210 391,750 79%Airdrie 65 188 34.57% 422 6.49 328,000 349,314 349,900 6%Rocky View Region 49 279 17.56% 864 17.63 524,700 552,839 436,000 5%Foothills Region 39 167 23.35% 572 14.67 370,300 468,103 403,000 4%Mountain View Region 24 71 33.80% 334 13.92 307,000 355,246 315,000 2%Kneehill Region 3 16 18.75% 82 27.33 - 188,333 235,000 0%Wheatland Region 13 53 24.53% 191 14.69 209,700 325,646 286,900 1%Willow Creek Region 11 16 68.75% 99 9.00 - 316,991 250,000 1%Vulcan Region 2 16 12.50% 68 34.00 - 197,000 197,000 0%Bighorn Region 12 26 46.15% 90 7.50 - 734,454 471,000 1%CREB® Economic Region 1,022 3,407 30.00% 8,195 8.02 410,200 447,008 386,750 100%
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®
Jan. 19
0
50
100
150
200
250
300
350
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®
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - Detached
Row 10 Year AverageSource: CREB®
CREB® ECONOMIC REGION TOTAL SALES
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
50
100
150
200
250
300
3502019
2016 2017 2018 2019 Source: CREB®
CREB® ECONOMIC REGION TOTAL SALES BY PRICE RANGE
Jan. 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 1,341 4,908 3 1991 2 1Airdrie 1,390 4,653 3 2002 2 1Rural Rocky View 1,837 3,735 3 1997 2 1Cochrane 1,494 5,520 3 1998 2 1Chestermere 1,871 5,511 3 2003 2 1Rural Foothills 1,723 Unavailable 3 1995 2 0High River 1,312 5,646 3 1996 2 0Okotoks 1,491 4,973 3 2002 2 1Turner Valley 1,221 6,241 3 1993 2 0Rural Mountain View 1,315 5,999 3 1989 2 0Carstairs 1,298 6,583 3 2001 2 0Didsbury 1,238 6,444 3 1981 2 0Rural Wheatland 1,298 6,024 3 1979 2 0Strathmore 1,265 5,562 3 2000 2 0
0100,000200,000300,000400,000500,000600,000700,000800,000900,000
1,000,000
Calgary Airdrie RuralRocky View
Chester-mere
Cochrane RuralFoothills
HighRiver
Okotoks TurnerValley
RuralMtn. View
Carstairs Didsbury RuralWheatland
Strathmore
DETACHED BENCHMARK PRICE
Source: CREB®
Jan. 19
-6%
-4%
-2%
0%
2%
4%
6%
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®
CREB® Calgary Regional Housing Market Statistics 5
Calgary CMA
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
City of Calgary 804 2,575 31.22% 5,473 6.81 414,800 451,210 391,750 88%Airdrie 65 188 34.57% 422 6.49 328,000 349,314 349,900 7%Rocky View Region 49 279 17.56% 864 17.63 524,700 552,839 436,000 5%Calgary CMA 918 3,042 30.18% 6,759 7.36 413,900 449,420 390,000 100%
0
200
400
600
800
1,000
1,200
1,400
1,600
CALGARY CMA INVENTORY BY PRICE RANGE
Calgary Airdrie Rocky View Region
Source: CREB®
Jan. 19
0
50
100
150
200
250
300
CALGARY CMA SALES BY PRICE RANGE
Calgary Airdrie Rocky View Region
Source: CREB®
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Calgary Airdrie Rocky View RegionSource: CREB®
CALGARY CMA SALES: YEAR-TO-DATE
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Calgary Airdrie Rocky View Region
Source: CREB®
CALGARY CMA NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 6
Calgary CMA
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
CALGARY CMA 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
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
50
100
150
200
250
3002019
2016 2017 2018 2019Source: CREB®
CALGARY CMA TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 7
Airdrie
0
10
20
30
40
50
60
70
80
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
AIRDRIE TOTAL SALES
315,000
320,000
325,000
330,000
335,000
340,000
345,000
350,000
-
100
200
300
400
500
600
700
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
5
10
15
20
25
30
352019
2016 2017 2018 2019Source: CREB®
AIRDRIE TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 8
Rocky View Region
January 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 49 279 17.56% 864 17.63 524,700 552,839 436,000 100%Rural Rocky View 10 75 13.33% 286 28.60 888,800 1,043,850 875,000 20%Beiseker 1 3 33.33% 12 12.00 - 188,950 188,950 2%Bragg Creek 0 1 0.00% 10 - - - - 0%Chestermere 10 46 21.74% 138 13.80 472,100 549,700 487,500 20%Cochrane 22 119 18.49% 307 13.95 409,900 398,303 370,710 45%Crossfield 4 12 33.33% 48 12.00 - 206,750 180,000 8%Irricana 0 5 0.00% 10 - - - - 0%Langdon 2 13 15.38% 35 17.50 - 687,500 687,500 4%Redwood Meadows 0 3 0.00% 11 - - - - 0%
Other 0 2 0.00% 7 - - - - 0%
0
20
40
60
80
100
120
140
160
180
200INVENTORY BY PRICE RANGE
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
JANUARY
0
2
4
6
8
10
12
14SALES BY PRICE RANGE
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
JANUARY
Jan. 19
0
20
40
60
80
100
120
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
ROCKY VIEW SALES: YEAR-TO-DATE
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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
5
10
15
20
25
30
35
40
45
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
COCHRANE TOTAL SALES
390,000
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
440,000
-
50
100
150
200
250
300
350
400
450
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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%
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
2
4
6
8
10
12
14
162019
2016 2017 2018 2019Source: CREB®
COCHRANE TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 10
Chestermere
0
5
10
15
20
25
30
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
CHESTERMERE TOTAL SALES
455,000
460,000
465,000
470,000
475,000
480,000
485,000
490,000
495,000
500,000
-
50
100
150
200
250
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
-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®
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
1
2
3
4
5
6
7
8
92019
2016 2017 2018 2019Source: CREB®
CHESTERMERE TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 11
Rural Rocky View
0
2
4
6
8
10
12
14
16
18
20
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
RURAL ROCKY VIEW TOTAL SALES
840,000
860,000
880,000
900,000
920,000
940,000
960,000
-
50
100
150
200
250
300
350
400
450
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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%
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
300,000
500,000
700,000
900,000
1,100,000
1,300,000
2014 2015 2016 2017 2018 2019Detached Price Apartment PriceRow Price Semi Price
Source: CREB®
RURAL ROCKY VIEW PRICES
0
1
2
3
4
5
6
7
8
9
102019
2016 2017 2018 2019Source: CREB®
RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 12
Foothills Region
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Foothills Region 39 167 23.35% 674 17.28 370,300 468,103 403,000 100%Rural Foothills 5 46 10.87% 173 34.60 458,200 828,000 975,000 13%Black Diamond 3 5 60.00% 19 6.33 - 258,000 329,000 8%Blackie 0 0 - 3 - - - - 0%Cayley 0 2 0.00% 5 - - - - 0%De Winton 0 0 - 0 - - - - 0%Heritate Pointe 2 9 22.22% 27 13.50 - 1,038,500 1,038,500 5%High River 9 27 33.33% 99 11.00 334,000 336,639 378,000 23%Okotoks 20 66 30.30% 209 10.45 409,100 411,762 415,500 51%Turner Valley 0 6 0.00% 21 - 289,100 - - 0%Priddis Greens 0 5 0.00% 13 - - - - 0%Longview 0 0 - 2 - - - - 0%Other 0 1 0.00% 3 - - - - 0%
0
20
40
60
80
100
120INVENTORY BY PRICE RANGE
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®
JANUARY
0
2
4
6
8
10
12
14
16SALES BY PRICE RANGE
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®
JANUARY
Jan. 19
0
10
20
30
40
50
60
70
80
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Source: CREB®
FOOTHILLS SALES: YEAR-TO-DATE
0
50
100
150
200
250
300
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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
5
10
15
20
25
30
35
40
45
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
OKOTOKS TOTAL SALES
395,000
400,000
405,000
410,000
415,000
420,000
425,000
430,000
435,000
440,000
-
50
100
150
200
250
300
350
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
-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®
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
2
4
6
8
10
122019
2016 2017 2018 2019Source: CREB®
OKOTOKS TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 14
Rural Foothills
0
2
4
6
8
10
12
14
16
18
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
RURAL FOOTHILLS TOTAL SALES
410,000
420,000
430,000
440,000
450,000
460,000
470,000
480,000
490,000
-
50
100
150
200
250
300
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
-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®
RURAL FOOTHILLS 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®
RURAL FOOTHILLS PRICES
0
1
1
2
2
3
3
42019
2016 2017 2018 2019Source: CREB®
RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 15
Wheatland Region
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Wheatland Region* 13 53 24.53% 191 14.69 209,700 325,646 286,900 100%Rural Wheatland* 2 9 22.22% 34 17.00 209,700 425,000 425,000 15%Carseland* 0 1 0.00% 4 - - - - 0%Lyalta* 0 4 0.00% 10 - - - - 0%Rockyford* 0 1 0.00% 6 - - - - 0%Strathmore 11 35 31.43% 121 11.00 374,000 307,582 286,900 85%Gleichen 0 2 0.00% 4 - - - - 0%
Other* 0 3 0.00% 16 - - - - 0%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
35
40
45
INVENTORY BY PRICE RANGE
Strathmore Rural Wheatland Carseland
Lyalta Rockyford OtherSource: CREB®
JANUARY
0
1
2
3
4
5
6
7
8
SALES BY PRICE RANGE
Strathmore Rural Wheatland Carseland
Lyalta Rockyford OtherSource: CREB®
JANUARY
Jan. 19
0
5
10
15
20
25
30
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Strathmore Rural Wheatland Carseland
Lyalta RockyfordSource: CREB®
WHEATLAND SALES: YEAR-TO-DATE
0
10
20
30
40
50
60
70
80
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Strathmore Rural Wheatland Carseland
Lyalta RockyfordSource: CREB®
WHEATLAND NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 16
Strathmore
0
1
2
3
4
5
6
7
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
STRATHMORE TOTAL SALES
360,000
365,000
370,000
375,000
380,000
385,000
390,000
395,000
400,000
-
20
40
60
80
100
120
140
160
180
200
Nov.'17
Dec.'17
Jan.'18
Feb.'18
Mar.'18
Apr.'18
May.'18
Jun.'18
Jul.'18
Aug.'18
Sep.'18
Oct.'18
Nov.'18
Dec.'18
Jan.'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
-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®
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
1
2
3
4
5
6
7
8
9
102019
2016 2017 2018 2019Source: CREB®
STRATHMORE TOTAL SALES BY PRICE RANGE
Jan. 19
CREB® Calgary Regional Housing Market Statistics 17
Mountain View Region
January 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* 24 71 33.80% 334 13.92 307,000 355,246 315,000 100%Rural Mountain View* 4 9 44.44% 75 18.75 256,400 558,750 492,500 17%Carstairs 6 16 37.50% 61 10.17 318,100 407,083 403,500 25%Cremona 1 3 33.33% 4 4.00 - 318,000 318,000 4%Didsbury 2 11 18.18% 47 23.50 300,800 289,250 289,250 8%Olds* 7 22 31.82% 99 14.14 339,800 290,414 280,000 29%Sundre* 4 10 40.00% 43 10.75 272,200 229,750 197,500 17%
Other* 0 0 - 5 - - - - 0%
*Data within these areas many not accurately reflect total resale activity and trends
0
10
20
30
40
50
60
70
80
90
100
INVENTORY BY PRICE RANGE
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona
Other Source: CREB®
JANUARY
0
1
2
3
4
5
6
7
8
SALES BY PRICE RANGE
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona
Other Source: CREB®
JANUARY
Jan. 19
0
5
10
15
20
25
30
35
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona Source: CREB®
MOUNTAIN VIEW SALES: YEAR-TO-DATE
0
10
20
30
40
50
60
70
80
90
100
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Kneehill Region* 3 16 18.75% 82 27.33 - 188,333 235,000 100%Rural Kneehill* 1 1 100.00% 7 7.00 - 245,000 245,000 33%Acme* 0 3 0.00% 8 - - - - 0%Linden* 0 1 0.00% 5 - - - - 0%Three Hills* 1 7 14.29% 34 34.00 - 235,000 235,000 33%Torrington* 0 0 - 1 - - - - 0%Trochu* 1 2 50.00% 20 20.00 - 85,000 85,000 33%
Other* 0 2 0.00% 8 - - - - 0%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
35
40
45
INVENTORY BY PRICE RANGE
Rural Kneehill Three Hills Acme
Linden Trochu Other Source: CREB®
JANUARY
0
1
2
3
SALES BY PRICE RANGE
Rural Kneehill Three Hills Acme
Linden Trochu Other Source: CREB®
JANUARY
Jan. 19
0
1
2
3
4
5
6
7
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Kneehill Three Hills Acme
Linden Trochu Source: CREB®
KNEEHILL SALES: YEAR-TO-DATE
0
2
4
6
8
10
12
14
16
18
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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
January 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* 11 16 68.75% 99 9.00 - 316,991 250,000 100%Rural Willow Creek* 3 5 60.00% 17 5.67 - 548,333 475,000 27%Claresholm* 4 4 100.00% 36 9.00 - 229,975 242,450 36%Nanton* 4 7 57.14% 32 8.00 - 230,500 232,500 36%Stavely* 0 0 - 11 - - - - 0%
Other* 0 0 - 3 - - - - 0%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
INVENTORY BY PRICE RANGE
Rural Willow Creek Claresholm Nanton Stavely Other
Source: CREB®
JANUARY
0
1
2
3
4
5
SALES BY PRICE RANGE
Rural Willow Creek Claresholm Nanton Stavely Other
Source: CREB®
JANUARY
Jan. 19
0
2
4
6
8
10
12
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Willow Creek Claresholm Nanton StavelySource: CREB®
WILLOW CREEK SALES: YEAR-TO-DATE
0
5
10
15
20
25
30
35
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Willow Creek Claresholm Nanton StavelySource: CREB®
WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 20
Vulcan Region
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Vulcan Region* 2 16 12.50% 68 34.00 - 197,000 197,000 100%Rural Vulcan* 1 5 20.00% 25 25.00 - 270,000 270,000 50%Vulcan* 0 5 0.00% 25 - - - - 0%Carmangay* 0 4 0.00% 6 - - - - 0%Champion* 0 0 - 5 - - - - 0%
Other* 1 2 50.00% 7 7.00 - 124,000 124,000 50%
*Data within these areas many not accurately reflect total resale activity and trends
0
5
10
15
20
25
30
INVENTORY BY PRICE RANGE
Rural Vulcan Vulcan Carmangay
Champion Other Source: CREB®
JANUARY
0
1
2
SALES BY PRICE RANGE
Rural Vulcan Vulcan Carmangay
Champion Other Source: CREB®
JANUARY
Jan. 19
0
1
1
2
2
3
3
4
4
5
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Vulcan Vulcan Carmangay Champion
Source: CREB®
VULCAN SALES: YEAR-TO-DATE
0
2
4
6
8
10
12
14
16
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Rural Vulcan Vulcan Carmangay Champion
Source: CREB®
VULCAN NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 21
Bighorn Region
January 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Bighorn Region* 12 26 46.15% 90 7.50 - 734,454 471,000 100%Rural Bighorn* 0 1 0.00% 3 - - - - 0%Canmore* 10 22 45.45% 80 8.00 - 787,345 471,000 83%
Other* 2 3 66.67% 7 3.50 - 470,000 470,000 17%
*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
Canmore Other Rural Bighorn
Source: CREB®
JANUARY
0
1
2
3
4
SALES BY PRICE RANGE
Canmore Other Rural Bighorn
Source: CREB®
JANUARY
Jan. 19
0
2
4
6
8
10
12
14
16
18
20
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
Canmore Rural BighornSource: CREB®
BIGHORN SALES: YEAR-TO-DATE
0
10
20
30
40
50
60
70
80
90
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2019
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**
Jan. 19
CREB® Calgary Regional Housing Market Statistics 23
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