July 2015 Calgary Real Estate Market Statistics
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Calgary & Area Real Estate Statistics: July 2015 1 Request Your Free Home Evaluation Today!
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Transcript of July 2015 Calgary Real Estate Market Statistics
Calgary & Area Real Estate Statistics: July 2015
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TABLE OF CONTENTS
3 July Real Estate Summary
4 - 5
City of Calgary Detached Homes Sales Data
6 - 7 City of Calgary Attached Homes Sales Data
8 - 9
City of Calgary Apartment Homes Sales Data
10 - 11 Rural Rockyview Detached Sales Data
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Message From The Calgary Real Estate Board
13 – 14 Rural Foothills Detached Sales Data
15 – 16
City of Airdrie Detached Sales Data
17 – 18 City of Airdrie Attached Sales Data
19 - 20
City of Airdrie Apartment Sales Data 2
Market Remains Balanced Despite Easing in Absorption Rate
Supply gain in apartment sector threatens to impact price
“Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Despite the decline, sales activity during the month was consistent with the 10-year average.” (Source: Calgary Real Estate Board) Judging from the data, it looks like some buyers were on holiday in July! Sales and absorption rates were slightly down in most reported markets, but so is inventory. It will be very interesting to see what happens for the month of August with a predicted further reduction in the Bank of Canada benchmark rate. Of course every neighbourhood and price segment is unique and will have its own market pattern but the market as a whole seems to have continued to be in balanced conditions. If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us. Hope this helps! Susanita de Diego
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City of Calgary Detached Homes Sales Data Yearly – July 2014 – July 2015 The following table shows the City of Calgary Detached Homes Sales Data for each month since July of last year.
Month/Year Detached Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 1,362 2,737 + 1,861 = 4,598 29.62% 32 1.96
August 2014 1,278 2,674 + 1,792 = 4,466 28.62% 33 2.05
September 2014 1,224 2,616 + 1,868 = 4,484 27.30% 35 2.10
October 2014 1,290 2,571 + 1,626 = 4,197 30.74% 36 1.71
November 2014 1,033 2,205 + 1,126 = 3,331 31.01% 38 1.95
December 2015 607 2,015 + 763 = 2,778 21.85% 41 2.78
January 2015 535 1,687 +1,843 = 3,530 15.16% 37 4.68
February 2015 739 2,506 + 1,674 = 4,180 17.68% 34 3.99
March 2015 1,082 2,950 + 1,776 = 4,726 22.89% 37 2.79
April 2015 1,149 3,016 + 1,774 = 4,790 23.99% 38 2.63
May 2015 1,368 3,024 + 1,877 = 4,903 27.91% 38 2.13
June 2015 1,335 2,913 + 1,832 = 4,745 28.13% 37 2.07
July 2015 1,222 2,760 + 1,733 = 4,493 27.20% 37 2.23
City of Calgary Detached Homes Sales Data Monthly – July 2011 – July 2015 The following table shows the City of Calgary Detached Homes Sales Data for each month since June of last year.
Month/Year Detached Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 1,041 3,916 + 1,815 = 5,731 18.16% 48 3.67
July 2012 1,235 3,243 + 1,693 = 4,936 26.92% 40 2.45
July 2013 1,385 2,745 + 1,750 = 4,495 30.81% 37 1.83
July 2014 1,362 2,737 + 1,861 = 4,598 29.62% 32 1.96
July 2015 1,222 2,760 + 1,733 = 4,493 27.20% 37 2.23
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The MLS® Home Price Index (HPI) The MLS® Home Price Index (HPI) was launched on February 6, 2012 as part of a nationwide rollout involving boards in Canada’s largest cities because average and median price changes can misrepresent changes in market price. We often refer to the median price as being immune from outliers. However, if there have been large movements in either the low end or high end of the price spectrum, the median is unable to reflect the price changes. The MLS® Home Price Index (HPI) was introduced to provide a better measurement of price and price trends for residential properties. A benchmark home is one that is comprised of a set of specific attributes that is typical for the area where it is located. The City of Calgary Detached Benchmark, Average and Median Prices have shown the following progression:
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City of Calgary Attached Homes Sales Data Yearly – July 2014 – July 2015 The following table shows the City of Calgary Attached Homes Sales Data for each month since July of last year.
Month/Year ALached Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 518 925 + 695 = 1,620 31.98% 32 1.79
August 2014 529 925 + 699 = 1,624 32.57% 34 1.71
September 2014 487 905 + 699 = 1,604 30.36% 34 1.87
October 2014 466 910 + 671 = 1,581 29.48% 38 1.97
November 2014 419 918 + 489 = 1,407 29.78% 36 2.02
December 2015 252 845 + 315 = 1,160 21.72% 45 2.82
January 2015 190 711 + 700 = 1,411 13.47% 41 5.27
February 2015 261 1,001 + 681 = 1,682 15.52% 34 4.66
March 2015 397 1,231 + 680 = 1,911 20.68% 39 3.17
April 2015 458 1,258 + 680 = 1,938 23.63& 41 2.64
May 2015 465 1,207 + 676 = 1,883 24.69% 43 2.44
June 2015 450 1,136 + 680 = 1,816 24.78% 44 2.48
July 2015 449 1,114 + 667 = 1,781 25.21% 44 2.46
City of Calgary Attached Homes Sales Data Monthly – July 2011 – July 2015 The following table shows the City of Calgary Attached Homes Sales Data for each month since July of last year.
Month/Year ALached Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 299 1,246 + 529 = 1,775 16.85% 53 4.04
July 2012 370 1,106 + 469 = 1,575 23.49% 45 2.66
July 2013 466 784 + 492 = 1,276 36.52% 38 1.45
July 2014 518 925 + 695 = 1,620 31.98% 32 1.79
July 2015 449 1,114 + 667 = 1,781 25.21% 44 2.46
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The City of Calgary Attached Benchmark, Average and Median Prices have shown the following progression:
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City of Calgary Apartment Homes Sales Data Yearly – July 2014 – July 2015 The following table shows the City of Calgary Apartment Homes Sales Data for each month since July of last year.
Month/Year Apartment Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 448 1,097 + 663 = 1,760 25.45% 40 2.41
August 2014 456 1,079 + 656 = 1,735 26.28% 40 2.35
September 2014 435 1,070 + 692 = 1,762 24.69% 39 2.48
October 2014 389 1,078 + 622 = 1,700 22.88% 41 2.67
November 2014 327 1,039 + 478 = 1,517 21.56% 41 2.95
December 2015 223 966 + 303 = 1,269 17.57% 46 3.65
January 2015 155 815 + 745 = 1,560 9.94% 55 7.41
February 2015 217 1,148 + 595 = 1,743 12.45% 40 6.04
March 2015 303 1,134 + 672 = 2,006 15.10% 43 4.68
April 2015 350 1,419 + 610 = 2,029 17.25% 45 3.85
May 2015 359 1,348 + 612 = 1,960 18.32% 48 3.60
June 2015 399 1,293 + 611 = 1,904 20.96% 48 3.00
July 2015 324 1,196 + 581 = 1,777 18.23% 47 3.77
City of Calgary Apartment Homes Sales Data Monthly –July 2011 – July 2015 The following table shows the City of Calgary Apartment Homes Sales Data for each month since July of last year.
Month/Year Apartment Sales
Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 251 1,226 + 498 = 1,724 14.56% 50 4.82
July 2012 315 1,182 + 476 = 1,658 19.00% 54 3.61
July 2013 404 876 + 473 = 1,349 29.95% 49 1.96
July 2014 448 1,097 + 663 = 1,760 25.45% 40 2.41
July 2015 324 1,196 + 581 = 1,777 18.23% 47 3.77
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The City of Calgary Apartment Benchmark, Average and Median Prices have shown the following progression:
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Rural Rockyview Detached Sales Data Yearly – July 2014 – July 2015 The following table shows the Rural Rockyview Detached Sales Data for each month since July of last year.
Month/Year Detached Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 45 368 + 83 = 451 9.98% 88 8.07
August 2014 41 363 + 75 = 438 9.36% 82 8.78
September 2014 46 360 + 86 = 446 10.31% 84 7.28
October 2014 37 335 + 69 = 404 9.16% 92 8.30
November 2014 10 307 + 49 = 356 2.81% 116 28.40
December 2015 15 284 + 31 = 315 4.76% 140 14.67
January 2015 19 220 + 88 = 308 6.17% 142 13.05
February 2015 20 248 + 76 = 324 6.17% 74 13.85
March 2015 23 277 + 82 = 345 6.67% 86 12.87
April 2015 28 296 + 68 = 364 7.69% 71 10.89
May 2015 35 305 + 87 = 392 8.93% 78 9.43
June 2015 41 330 + 84 = 414 9.90% 97 7.93
July 2015 29 325 + 62 = 387 7.49% 84 10.55
Rural Rockyview Detached Sales Data Monthly – July 2011 – July 2015 The following table shows the Rural Rockyview Detached Sales Data for each month since July of last year.
Month/Year Detached Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 30 438 + 103 = 541 5.55% 93 14.80
July 2012 31 461 + 82 = 543 5.71% 95 14.45
July 2013 31 421 + 102 = 523 5.93% 73 12.32
July 2014 45 368 + 83 = 451 9.98% 88 8.07
July 2015 29 325 + 62 = 387 7.49% 84 10.55
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Rural Rockyview Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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Despite weaker absorp.on rates, market condi.ons remained rela.vely balanced and helped maintain month-‐over-‐month stability in benchmark prices, which remained unchanged from the previous month at $455,400. “OCen, the focus is on home prices. In fact, Calgary has recorded significant gains in home prices over the past several years,” said Lurie CREB® chief economist. “And despite the recent retrac.on, we have not seen all those previous gains eroded.”
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Rural Foothills Detached Sales Data Yearly – July 2014 – July 2015 The following table shows the Rural Foothills Detached Sales Data for each month since July of last year.
Month/Year Detached Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 23 179 + 73 = 252 9.13% 98 8.61
August 2014 18 198 + 55 = 253 7.11% 64 11.83
September 2014 26 213 + 48 = 261 9.96% 96 7.77
October 2014 15 202 + 39 = 241 6.22% 79 12.13
November 2014 10 182 + 19 = 201 4.98% 103 16.30
December 2015 6 163 + 13 = 176 3.41% 167 19.83
January 2015 8 119 + 33 = 152 5.26% 151 15.13
February 2015 17 121 + 39 = 160 10.63% 139 7.94
March 2015 13 135 + 47 = 182 7.14% 139 11.69
April 2015 15 152 + 52 = 204 7.35% 96 11.93
May 2015 24 179 + 63 = 242 9.92% 102 8.21
June 2015 17 197 + 51 = 248 6.85% 52 12.41
July 2015 16 211 + 38 = 249 6.4% 86 13.00
Rural Foothills Detached Sales Data Monthly – July 2011 – July 2015 The following table shows the Rural Foothills Detached Sales Data for each month since July of last year.
Month/Year Detached Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 16 273 + 56 = 329 4.86% 70 17.75
July 2012 19 265 + 59 = 324 5.86% 90 14.42
July 2013 14 224 + 46 = 270 5.19% 104 15.79
July 2014 23 179 + 73 = 252 9.13% 98 8.61
July 2015 16 211 + 38 = 249 6.43% 86 13.00
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Rural Foothills Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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City of Airdrie Detached Sales Data Yearly – July 2014 – July 2015 The following table shows the City of Airdrie Detached Sales Data for each month since July of last year.
Month/Year Detached Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 112 190 + 145 = 335 33.43% 32 1.73
August 2014 76 194 + 119 = 313 24.28% 31 2.66
September 2014 84 202 + 123 = 325 25.85% 45 2.18
October 2014 106 183 + 120 = 303 34.98% 45 1.41
November 2014 76 149 + 81 = 230 33.04% 38 1.72
December 2015 44 131 + 56 = 187 23.53% 48 2.89
January 2015 41 127 + 154 = 281 14.59% 49 5.15
February 2015 70 211 + 149 = 360 19.44% 35 3.54
March 2015 93 248 + 133 = 381 24.41% 38 2.63
April 2015 92 245 + 140 = 385 23.90% 40 2.64
May 2015 112 243 + 161 = 404 27.72% 41 2.17
June 2015 117 243 + 157 = 400 29.25% 43 2.05
July 2015 106 240 + 128 = 368 28.80% 37 2.11
City of Airdrie Detached Sales Data Monthly – July 2011 – July 2015 The following table shows the City of Airdrie Detached Sales Data for each month since July of last year.
Month/Year Detached Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 63 301 + 99 = 400 15.75% 59 4.41
July 2012 94 236 + 99 = 335 28.06% 55 2.18
July 2013 112 191 + 107 = 298 37.58% 43 1.39
July 2014 112 190 + 145 = 335 33.43% 32 1.73
July 2015 106 240 + 128 = 368 28.80% 37 2.11
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City of Airdrie Detached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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City of Airdrie Attached Sales Data Yearly –July 2014 – July 2015 The following table shows the City of Airdrie Attached Sales Data for each month since July of last year.
Month/Year ALached Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 47 52 + 46 = 98 47.96% 26 .94
August 2014 35 44 + 51 = 95 36.84% 32 1.46
September 2014 49 51 + 41 = 92 53.26% 33 .87
October 2014 37 40 + 45 = 85 43.53% 34 .81
November 2014 33 30 + 21 = 52 63.46% 40 .73
December 2015 11 24 + 14 = 38 28.95% 28 2.09
January 2015 17 23 + 43 = 66 25.76% 36 2.53
February 2015 16 43 + 56 = 99 16.16% 40 4.63
March 2015 32 74 + 50 = 124 25.81% 38 2.47
April 2015 40 79 + 55 = 134 29.85% 37 2.13
May 2015 34 85 + 39 = 124 27.42% 31 2.24
June 2015 40 76 + 60 = 136 29.41% 43 2.23
July 2015 44 89 + 51 = 140 31.43% 43 1.91
City of Airdrie Attached Sales Data Monthly – July 2011 – July 2015 The following table shows the City of Airdrie Attached Sales Data for each month since July of last year.
Month/Year ALached Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 15 48 + 17 = 65 23.08% 51 2.60
July 2012 21 32 + 15 = 47 44.68% 51 1.05
July 2013 28 19 + 31 = 50 56.00% 30 .68
July 2014 47 52 + 46 = 98 47.96% 26 .94
July 2015 44 89 + 51 = 140 31.43% 43 1.91
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City of Airdrie Attached Sales Data Benchmark, Average and Median Prices have shown the following progression:
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City of Airdrie Apartment Sales Data Yearly – July 2014 – July 2015 The following table shows the City of Airdrie Apartment Sales Data for each month since July of last year.
Month/Year Apartment Sales
Previous Month End Inventory + Inventory Added
During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2014 21 32 + 16 = 48 43.75% 50 1.24
August 2014 20 26 + 14 = 40 50.00% 36 .90
September 2014 9 18 + 14 = 32 28.13% 40 1.89
October 2014 16 17 + 17 = 34 47.06% 36 .88
November 2014 7 14 + 13 = 27 25.93% 36 3.14
December 2015 9 22 + 9 = 29 31.03% 53 2.11
January 2015 7 19 + 25 = 44 15.91% 40 5.14
February 2015 12 40 + 43 = 83 14.46% 29 3.58
March 2015 13 43 + 11 = 54 24.07% 50 2.77
April 2015 6 36 +19 = 55 10.91% 70 7.17
May 2015 7 43 + 23 = 66 10.61% 36 7.29
June 2015 9 51 + 26 = 77 11.69% 111 6.11
July 2015 13 55 + 18 = 73 17.81% 57 3.85
City of Airdrie Apartment Sales Data Monthly – July 2011 – July 2015 The following table shows the City of Airdrie Apartment Sales Data for each month since July of last year.
Month/Year Apartment Sales Previous Month End Inventory + Inventory
Added During the Month
% of Available Inventory Sold
Days on Market
Months of Supply
July 2011 2 28 + 14 = 42 4.76% 139 12
July 2012 8 28 + 10 = 38 21.05% 66 3.13
July 2013 9 17 + 14 = 31 29.03% 31 2.11
July 2014 21 32 + 16 = 48 43.75% 50 1.24
July 2015 13 55 + 18 = 73 17.81% 57 3.85
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City of Airdrie Apartment Sales Data Benchmark, Average and Median Prices have shown the following progression:
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Curious About the Value of Your Home? As you can see, current market condiAons play a criAcal role in determining the value of your home. Equally important however, is having an experienced and knowledgeable professional Realtor® on your side. Coldwell Banker Complete Real Estate would welcome the opportunity to discuss any of your Real Estate needs at your convenience.
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