calgary real estate market report march 2015

CALGARYREAL ESTATEMARKET REPORTMarch 2015

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Market Status

0

+1 +7

+2 +6

+4+3 +5

+8

3.26

Selle

r’s

Balanced

Buyer’s

monthsof inventory

This report was created by AgentCampaign.com YoungM Media Inc using CREB Calgary Real Estate Board data. Information herein deemed reliable but not guaranteed. ©2015 by AgentCampaign.com YoungM Media Inc. All rights are reserved. Only Clients of Agent Campaign have the right to view, copy and distribute for the commercial purpose.

Market Status (13 months history)No. of months of inventory

2

0

4

6

8

BUYE

R’S

MAR

KET

NEUT

RAL

MAR

KET

SELL

ER’S

MAR

KET

Mar.2014

1.24

Apr.2014

1.52

May2014

1.55

Jun.2014

1.80

Jul.2014

2.02

Aug.2014

2.10 2.12 1.94

Set.2014

Oct.2014

2.152.97

Nov.2014

Dec.2014

5.07

Jan.2015

Feb.2015

4.38

Mar.2015

3.26


Average Prices

Calgaryless

–3.0%

$475,284

-0.5%

Compared to LAST MONTH,homes areselling for

Month to Month Year to Year

Feb2015

$462,257

Mar2015

$475,284

Mar2014

$484,877

Mar2015

City of Calgary average SOLD price

Compared to LAST YEAR,homes areselling for

less-0.5%Calgary

more–2.0%+2.8%


Detached homes average SOLD priceMonth to Month Year to Year

Feb2015

$526,271

Mar2015

$547,253 $557,976

Mar2014

Mar2015

$547,253

Compared to LAST MONTH,single family homes areselling for

Compared to LAST YEAR,single family homes areselling for

less

-1.9%Detachedmore

+4.0%


Apartment average SOLD priceMonth to Month Year to Year

Feb2015

$309,400

Mar2015

$306,781 $306,781

Mar2014

$310,785

Mar2015

Compared to LAST MONTH,apartment condos areselling for

less

Compared to LAST YEAR,apartment condos areselling for

less

-1.3%

lessCondos

-0.85%


Attached average SOLD price

$424,841


Feb2015

$407,265

Mar2015

$408,162 $408,162

Mar2014

Mar2015

Compared to LAST MONTH,townhouses areselling for

Compared to LAST YEAR,townhouses areselling for

lessAttached-3.9%

more+0.2%


Prices in $ and Price movement in percentage

200

0

100

300

400

500

Years - Residential Average Price

14 years average of price increase for city of Calgary is 8.05%2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

YTD

+12.79%

+39.79%

+18.26% –2.47% –4.65% +4.01% +1.10% +3.44%+6.54% +1.45%

+10.58%

227,2

69

256,3

27

358,3

26 423,7

70

413,2

93

409,8

85

394,0

64

414,3

87

428,6

49

456,7

03

2002 2003

+9.65%+9.93%

186,9

60

205,5

22

483,0

79

2015

467,8

76

463,3

03

+0.99%


NEW listings

3,1363,319


Feb2015

Mar2015

3,1362,945

Mar2014

Mar2015

Compared to LAST MONTH,there are

morenew listings

Compared to LAST YEAR,there are

lessnew listings

+6.5% -5.5%


Listing inventory & SOLD (13 months history)

0

5,000

3,750

2,500

1,250

6,250Active listings Sold listings

Mar.2014

2,4813,067

Apr.2014

2,540

3,855

May2014

2,945

4,564

Jun.2014

2,665

4,794

Jul.2014

2,330

4,712

Aug.2014

2,263

4,743

Sep.2014

2,146

4,559

Oct.2014

2,145

4,162

Nov.2014

1,779

3,826

Dec.2014

1,082

3,213

Jan.2015

879

4,454

Feb.2015

1,217

5,329

Mar.2015

1,747

5,693


Homes sold at or above asking priceMonth to Month Year to Year

Feb2015

148 SOLDout of

1,217allSOLD

Mar2015

Mar2014

31.04%

770 SOLDout of

2,481 allSOLD

Mar2015

171 SOLDout of

1,747 allSOLD

171 SOLDout of

1,747 allSOLD

Compared to LAST MONTH,there are

less homesselling ator aboveasking price

Compared to LAST YEAR,there are

–19.51%less homesselling ator aboveasking price

-68.15%

9.79% 9.79%12.16%


How much buyers negotiated off asking priceMonth to Month Year to Year

Feb2015

Mar2015

Mar2014

Mar2015

Sellers keptfrom asking

97.55% 97.16%

Sellers keptfrom asking

98.66% 97.16%

Buyers negotiated

2.45% 2.84%Buyers negotiated

1.34% 2.84%


Average $ amount SOLD over askingSingle Family


Feb2015

Mar2015

Mar2014

Mar2015

$5,869$10,153

Compared to LAST MONTH,homes sold over listreceived

Compared to LAST YEAR,homes sold over listreceived

Over asking

$less

–42.2%more

$5,869$5,195

+13.0%


Average $ amount SOLD over askingCondos

Over asking


Feb2015

$2,193Mar

2015Mar

2014Mar

2015

$1,338 $1,338$4,335

Compared to LAST MONTH,condos sold over listreceived

Compared to LAST YEAR,homes sold over listreceived

-69.1%

$less less

-39.0%


Odds of selling(Percentage of Homes Sold VS Listings)


Feb2015

1,217 SOLDout of

5,329 listed

Mar2015

Mar2014

1,747 SOLDout of

5,693 listed

2,481 SOLDout of

3,067 listed

Mar2015

1,747 SOLDout of

5,693 listed

Compared to LAST MONTH,the odds of selling increasedby

Compared to LAST YEAR,the odds of selling decreasedby

–61.26%

30.69%30.69%22.84%

+34.37%

80.89%


Average Days on Market


DOM39

DOM28

DOM39

DOM35 Mar 2014

Mar 2015

Feb 2015

Mar 2015

Compared to LAST MONTH,homes are selling

slower

Compared to LAST YEAR,homes are selling

slower

-28.2%-10.3%
