july 2019 - creb.com...monthly statistics package creb® region report levels. new listings have...
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July 2019
MONTHLY STATISTICS PACKAGE
CREB® Region Report
76%
6%
6%
6%
2% 1% 3%
SHARE OF SALES July 2019
Calgary
Airdrie
Rocky View Region
Foothills Region
Mountain ViewRegionWheatland Region
Other Active Areas
Source: CREB®
REGIONAL HIGHLIGHTSAugust 1, 2019
Airdrie• For the fifth consecutive month,
year-over-year sales improved in Airdrie. Year-to-date sales reached 757 units, over three per cent higher than last year. Improving sales combined with declines in new listings have resulted in less inventory in the market compared to last year. This market is moving toward balanced conditions.
• Oversupply is easing, but July benchmark prices remain over three per cent below last year’s levels. There are steeper price declines occurring in the higher density sectors of the market.
Cochrane• Year-to-date residential sales in
Cochrane totalled 376 units, slightly lower then last year’s levels. New listings have been in decline, resulting in the fourth consecutive month with a year-over-year decline in inventory.
• This has caused the amount of oversupply to ease, supporting more stability in pricing. As of July, the benchmark price in Cochrane is $408,300, over four per cent lower than last year’s levels.
Okotoks• Total residential sales in Okotoks
have totalled 321 units so far in 2019. This is similar to last year, but below long-term trends. New listings continue to trend down, supporting inventory declines and easing in the months of supply.
• As the amount of oversupply in the market eases, prices have been showing signs of improvement compared to the previous month. However, year-to-date benchmark prices remain over four per cent lower than last year’s levels.
Jul. 19
CREB® Calgary Regional Housing Market Statistics 2
CREB® Region Summary
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
City of Calgary 1,646 2,720 60.51% 7,179 4.36 425,700 453,104 416,500 76%Airdrie 125 184 67.93% 517 4.14 331,100 380,225 374,000 6%Rocky View Region 137 284 48.24% 1,103 8.05 524,100 521,495 451,000 6%Foothills Region 139 200 69.50% 727 5.23 369,300 521,019 429,000 6%Mountain View Region 32 90 35.56% 443 13.84 308,500 344,022 335,750 1%Kneehill Region 9 10 90.00% 95 10.56 180,700 193,222 200,000 0%Wheatland Region 31 60 51.67% 277 8.94 207,600 359,735 342,500 1%Willow Creek Region 12 18 66.67% 124 10.33 199,300 227,042 230,500 1%Vulcan Region 11 10 110.00% 111 10.09 232,900 229,727 165,000 1%Bighorn Region 30 44 68.18% 150 5.00 770,600 655,747 608,250 1%CREB® Economic Region 2,172 3,620 60.00% 10,726 4.94 419,900 453,972 410,000 100%
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®
JULY
Jul. 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®
JULY
0
5,000
10,000
15,000
20,000
25,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
May.'18
Jun.'18
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
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
4,000YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019 Source: CREB®
CREB® ECONOMIC REGION TOTAL SALES BY PRICE RANGE
Jul. 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®
JULY
Jul. 19
-12%-10%
-8%-6%-4%-2%0%2%4%6%8%
10%12%
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®
JULY
CREB® Calgary Regional Housing Market Statistics 5
Calgary CMA
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
City of Calgary 1,646 2,720 60.51% 7,179 4.36 425,700 453,104 416,500 86%Airdrie 125 184 67.93% 517 4.14 331,100 380,225 374,000 7%Rocky View Region 137 284 48.24% 1,103 8.05 524,100 521,495 451,000 7%Calgary CMA 1,908 3,188 59.85% 8,799 4.61 424,300 453,240 414,750 100%
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®
JULY
Jul. 19
0
100
200
300
400
500
600
CALGARY CMA SALES BY PRICE RANGE
Calgary Airdrie Rocky View Region
Source: CREB®
JULY
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Calgary Airdrie Rocky View Region
Source: CREB®
CALGARY CMA NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 6
Calgary CMA
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
May.'18
Jun.'18
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
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
3,500YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
CALGARY CMA TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 7
Airdrie
0
200
400
600
800
1,000
1,200
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
May.'18
Jun.'18
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
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
350YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
AIRDRIE TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 8
Rocky View Region
July 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 137 284 48.24% 1,103 8.05 524,100 521,495 451,000 100%Rural Rocky View 27 68 39.71% 396 14.67 789,000 911,742 839,400 20%Beiseker 2 4 50.00% 15 7.50 - 202,900 202,900 1%Bragg Creek 3 8 37.50% 22 7.33 - 716,352 770,000 2%Chestermere 28 66 42.42% 214 7.64 459,800 505,893 471,750 20%Cochrane 61 94 64.89% 321 5.26 408,300 384,131 369,000 45%Crossfield 5 11 45.45% 44 8.80 - 319,700 330,000 4%Irricana 2 7 28.57% 14 7.00 - 223,750 223,750 1%Langdon 8 10 80.00% 39 4.88 - 512,675 509,950 6%Redwood Meadows 1 5 20.00% 11 11.00 - 528,500 528,500 1%
Other 0 11 0.00% 27 - - NA NA 0%
0
50
100
150
200
250
300INVENTORY BY PRICE RANGE
Rural Rocky View Cochrane Chestermere
Beiseker Bragg Creek Crossfield
Irricana Langdon Redwood MeadowsSource: CREB®
JULY
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®
JULY
Jul. 19
0
200
400
600
800
1,000
1,200
1,400
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
May.'18
Jun.'18
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
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
160YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
COCHRANE TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 10
Chestermere
0
50
100
150
200
250
300
350
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
May.'18
Jun.'18
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
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
70YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
CHESTERMERE TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 11
Rural Rocky View
0
50
100
150
200
250
300
350
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
830,000
-
50
100
150
200
250
300
350
400
450
May.'18
Jun.'18
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
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
120YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 12
Foothills Region
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Foothills Region 139 200 69.50% 674 4.85 369,300 521,019 429,000 100%Rural Foothills 34 44 77.27% 230 6.76 444,600 891,603 812,500 24%Black Diamond 6 9 66.67% 25 4.17 - 330,250 363,000 4%Blackie 0 0 - 8 - - NA NA 0%Cayley 3 2 150.00% 3 1.00 - 178,333 195,000 2%De Winton 1 3 33.33% 7 7.00 - 647,000 647,000 1%Heritate Pointe 3 8 37.50% 38 12.67 - 1,053,623 1,030,868 2%High River 23 41 56.10% 131 5.70 315,300 290,864 285,000 16%Okotoks 55 75 73.33% 232 4.22 415,300 435,738 425,000 39%Turner Valley 12 12 100.00% 26 2.17 290,400 359,650 341,400 9%Priddis Greens 1 4 25.00% 14 14.00 - 440,000 440,000 1%Longview 1 1 100.00% 4 4.00 - 371,500 371,500 1%Other 1 2 50.00% 13 13.00 - 371,500 371,500 1%
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®
JULY
0
5
10
15
20
25
30
35SALES BY PRICE RANGE
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®
JULY
Jul. 19
0
100
200
300
400
500
600
700
800
900
1,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Source: CREB®
FOOTHILLS SALES: YEAR-TO-DATE
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
May.'18
Jun.'18
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
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
140YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
OKOTOKS TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 14
Rural Foothills
0
20
40
60
80
100
120
140
160
180
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
RURAL FOOTHILLS TOTAL SALES
390,000
400,000
410,000
420,000
430,000
440,000
450,000
-
50
100
150
200
250
300
May.'18
Jun.'18
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
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
70YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 15
Wheatland Region
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Wheatland Region* 31 60 51.67% 277 8.94 207,600 359,735 342,500 97%Rural Wheatland* 4 9 44.44% 63 15.75 207,600 527,500 540,000 13%Carseland* 1 0 - 2 2.00 - 239,750 239,750 3%Lyalta* 3 4 75.00% 16 5.33 - 547,333 512,000 10%Rockyford* 1 3 33.33% 5 5.00 - 161,000 161,000 3%Strathmore 21 41 51.22% 168 8.00 335,500 318,193 305,000 68%Gleichen 0 0 - 4 - - NA NA 0%
Other* 1 3 33.33% 23 23.00 - 317,000 317,000 3%
*Data within these areas many not accurately reflect total resale activity and trends
0
10
20
30
40
50
60
70
80
INVENTORY BY PRICE RANGE
Strathmore Rural Wheatland Carseland
Lyalta Rockyford OtherSource: CREB®
JULY
0
2
4
6
8
10
12
SALES BY PRICE RANGE
Strathmore Rural Wheatland Carseland
Lyalta Rockyford OtherSource: CREB®
JULY
Jul. 19
0
50
100
150
200
250
300
350
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Strathmore Rural Wheatland Carseland
Lyalta RockyfordSource: CREB®
WHEATLAND SALES: YEAR-TO-DATE
0
100
200
300
400
500
600
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Detached Apartment Semi - DetachedRow 10 Year Average
Source: CREB®
STRATHMORE TOTAL SALES
315,000
320,000
325,000
330,000
335,000
340,000
345,000
350,000
355,000
360,000
365,000
370,000
-
20
40
60
80
100
120
140
160
180
200
May.'18
Jun.'18
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
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
70YTD JULY
YTD 2016 YTD 2017 YTD 2018 YTD 2019Source: CREB®
STRATHMORE TOTAL SALES BY PRICE RANGE
Jul. 19
CREB® Calgary Regional Housing Market Statistics 17
Mountain View Region
July 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* 32 90 35.56% 443 13.84 308,500 344,022 335,750 100%Rural Mountain View* 7 28 25.00% 124 17.71 274,800 517,143 552,500 22%Carstairs 9 15 60.00% 64 7.11 317,100 370,100 385,000 28%Cremona 0 1 0.00% 8 - - NA NA 0%Didsbury 6 14 42.86% 45 7.50 297,800 230,317 232,500 19%Olds* 5 17 29.41% 126 25.20 339,400 272,980 270,000 16%Sundre* 5 13 38.46% 69 13.80 268,800 262,200 245,500 16%
Other* 0 2 0.00% 7 - - NA NA 0%
*Data within these areas many not accurately reflect total resale activity and trends
0
20
40
60
80
100
120
140
INVENTORY BY PRICE RANGE
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona
Other Source: CREB®
JULY
0
2
4
6
8
10
12
14
SALES BY PRICE RANGE
Rural Mountain View Didsbury Olds
Sundre Carstairs Cremona
Other Source: CREB®
JULY
Jul. 19
0
50
100
150
200
250
300
350
400
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Kneehill Region* 9 10 90.00% 95 10.56 180,700 193,222 200,000 89%Rural Kneehill* 0 3 0.00% 14 - 180,700 NA NA 0%Acme* 0 1 0.00% 8 - - NA NA 0%Linden* 0 2 0.00% 8 - - NA NA 0%Three Hills* 5 3 166.67% 25 5.00 - 220,800 247,500 56%Torrington* 0 0 - 4 - - NA NA 0%Trochu* 3 1 300.00% 18 6.00 - 165,000 165,000 33%
Other* 1 0 - 22 22.00 - 140,000 140,000 11%
*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®
JULY
0
1
2
3
4
5
6
SALES BY PRICE RANGE
Rural Kneehill Three Hills Acme
Linden Trochu Other Source: CREB®
JULY
Jul. 19
0
10
20
30
40
50
60
70
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Rural Kneehill Three Hills Acme
Linden Trochu Source: CREB®
KNEEHILL SALES: YEAR-TO-DATE
0
20
40
60
80
100
120
140
160
180
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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
July 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* 12 18 66.67% 124 10.33 199,300 227,042 230,500 100%Rural Willow Creek* 0 3 0.00% 26 - 198,600 NA NA 0%Claresholm* 6 11 54.55% 51 8.50 - 239,583 277,250 50%Nanton* 5 3 166.67% 30 6.00 - 235,400 240,000 42%Stavely* 1 1 100.00% 11 11.00 - 110,000 110,000 8%
Other* 0 0 - 6 - - NA NA 0%
*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 Willow Creek Claresholm Nanton Stavely Other
Source: CREB®
JULY
0
1
2
3
4
5
6
SALES BY PRICE RANGE
Rural Willow Creek Claresholm Nanton Stavely Other
Source: CREB®
JULY
Jul. 19
0
20
40
60
80
100
120
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Rural Willow Creek Claresholm Nanton StavelySource: CREB®
WILLOW CREEK SALES: YEAR-TO-DATE
0
50
100
150
200
250
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Rural Willow Creek Claresholm Nanton StavelySource: CREB®
WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 20
Vulcan Region
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Vulcan Region* 11 10 110.00% 111 10.09 232,900 229,727 165,000 100%Rural Vulcan* 5 4 125.00% 51 10.20 - 363,800 260,000 45%Vulcan* 4 5 80.00% 33 8.25 - 137,500 150,000 36%Carmangay* 0 0 - 7 - - NA NA 0%Champion* 0 0 - 5 - - NA NA 0%
Other* 2 1 200.00% 15 7.50 - 79,000 79,000 18%
*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 Vulcan Vulcan Carmangay
Champion Other Source: CREB®
JULY
0
1
2
3
4
5
6
7
8
SALES BY PRICE RANGE
Rural Vulcan Vulcan Carmangay
Champion Other Source: CREB®
JULY
Jul. 19
0
10
20
30
40
50
60
70
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Rural Vulcan Vulcan Carmangay Champion
Source: CREB®
VULCAN SALES: YEAR-TO-DATE
0
20
40
60
80
100
120
140
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Rural Vulcan Vulcan Carmangay Champion
Source: CREB®
VULCAN NEW LISTINGS: YEAR-TO-DATE
CREB® Calgary Regional Housing Market Statistics 21
Bighorn Region
July 2019Sales
New Listings
Sales to New Listings Ratio
InventoryMonths of Supply
Benchmark Price
Average Price
Median Price
Share of Sales Activity
Total Bighorn Region* 30 44 68.18% 150 5.00 770,600 655,747 608,250 100%Rural Bighorn* 0 0 - 9 - - NA NA 0%Canmore* 29 42 69.05% 129 4.45 - 663,337 615,000 97%
Other* 1 2 50.00% 12 12.00 - 435,645 435,645 3%
*Data within these areas many not accurately reflect total resale activity and trends
0
10
20
30
40
50
60
INVENTORY BY PRICE RANGE
Canmore Other Rural Bighorn
Source: CREB®
JULY
0
1
2
3
4
5
6
7
8
9
10
11
SALES BY PRICE RANGE
Canmore Other Rural Bighorn
Source: CREB®
JULY
Jul. 19
0
20
40
60
80
100
120
140
160
180
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
Canmore Rural BighornSource: CREB®
BIGHORN SALES: YEAR-TO-DATE
0
100
200
300
400
500
600
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD2018
YTD2019
YTD JULY
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**
Jul. 19
CREB® Calgary Regional Housing Market Statistics 23