Stats C REB ® Calgary Real Estate Board REALTORS ® are educated, licensed professionals trained to guide you through the real estate transaction. No MLS ® information can be reprinted without sourcing the Calgary Real Estate Board. Total MLS ® Inventory to Sales Total MLS ® Information OCTOber 2010 Absorption rate 2346 1976 1428 1447 1988 2535 2448 2239 1902 1683 1628 1673 1523 7995 7409 6006 6838 8154 10003 11725 12989 13459 12865 11928 11349 10473 409,823 415,031 402,055 395,435 399,661 420,693 405,850 433,030 433,248 416,064 395,933 410,708 403,679 360,000 360,000 360,000 352,000 352,000 375,000 364,500 375,000 370,000 362,000 350,000 355,000 359,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 22000 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Average/Median Sales Price # Sales/Inventory TOTAL MLS® OCTOBER 2010 Sales Inventory Avg Sale Price Median Sale Price 0 2 4 6 8 10 12 Oct-07 Dec-07 Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 ABSORPTION RATE TOTAL MLS® OCTOBER 2010 Balanced Market 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Oct-07 Dec-07 Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 TOTAL MLS® OCTOBER 2010 Inventory Sales Calgary, November 1, 2010 – Home sales in the city of Calgary were down month-over-month in October 2010, showing signs that buyers still remain cautious, despite signs of economic recovery. Year-over-year sales continued to trend lower in the month of October, according to figures released today by the Calgary real estate board (Creb ® ). The number of single family home sales in the month of October 2010 shrank by 7 per cent at 888, compared with September 2010, when sales were 958. The number of condominium sales for the month of October 2010 was 310. This was a decrease of 15 per cent from the 366 condominium transactions recorded in September 2010. Year-over-year, the number of single family homes sold in October 2010 in the city of Calgary were down 31 per cent. In October 2009, single family home sales totalled 1,285. Condominium sales saw a decrease of 48 per cent from the same time a year ago. In October 2009, condominium sales were 601. “buyers remain cautious, perhaps waiting to feel a little more confidence in Calgary’s economic growth and their own job security,” says Diane Scott, president of Creb ® . “We believe economic recovery will build momentum into 2011 as the outlook for oil and gas and other sectors continues to improve. This, coupled with low interest rates and improved affordability, should eventually help to stimulate Calgary’s housing market,” adds Scott. The average price of a single family home in the city of Calgary in October 2010 was $444,744, showing a 3 per cent decrease from September 2010, when the average price was $460,278, and a 4 per cent decrease from October 2009, when the average price was $462,465. The average price of a condominium in the city of Calgary in October 2010 was $287,793, showing a 1 per cent increase from September 2010, when the average price was $284,028 and no significant change over last year, when the average price was $289,155. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas. The median price of a single family home in the city of Calgary for October 2010 was $387,900, showing a 1 per cent decrease from September 2010 when the median price was $390,000. This was a 5 per cent decrease from October 2009, when the median price was $410,000. The median price of a condominium in October 2010 was $255,000, showing a 4 per cent decrease from September CALgArY buYerS’ reMAIn CAuTIOuS Sales of million dollar plus homes a bright spot in 2010 market 2010, when the median price was $265,000, and a 3 per cent decrease from October 2009, when it was $263,500. All city of Calgary MLS ® statistics include properties listed and sold only within Calgary’s city limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price. “Our average price is being buoyed by more sales in the million dollar plus category. Despite a slowdown in certain market segments, homes sold in the city of Calgary at one million dollars or more have actually seen an increase of more than 15 per cent when compared to the same time one year ago. This boost in sales is, indeed, a bright spot in our current market,” says Scott. Single family listings in the city of Calgary added for the month of October 2010 totalled 1,765, a decrease of 22 per cent from September 2010 when 2,252 new listings were added, and showing a decrease of 3 per cent from October 2009, when 1,819 new listings came to the market. Condominium new listings in the city of Calgary added for October 2010 were 721, down 22 per cent from September 2010, when the MLS ® saw 921 condo listings coming to the market. This is a decrease of 16 per cent from October 2009, when new condominium listings added were 859. “We are seeing some decline in the number of new listings coming on to the market. A continuing decline in supply will help bring the market into balance,” says Scott. “We believe we will see a tempering of our inventory levels, as some sellers offer marginal reductions in prices, or others choose to pull their home off the market for a period of time,” notes Scott. “Homeowners should consider speaking with their reALTOr ® about their current marketing strategy—there are always options in every market.” “Overall, we’re cautiously optimistic that Calgary’s economic recovery will pick up as we move into 2011—but in-migration will be needed to fuel a sustained recovery in Calgary’s housing market,” says Scott. REALTOR® SOLD PROPERTIES 1 of 16
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StatsCREB®Calgary Real Estate Board
REALTORS® are educated, licensed professionals trained to guide you through the real estate transaction.No MLS® information can be reprinted without sourcing the Calgary Real Estate Board.
Calgary, November 1, 2010 – Home sales in the city of Calgary were down month-over-month in October 2010, showing signs that buyers still remain cautious, despite signs of economic recovery. Year-over-year sales continued to trend lower in the month of October, according to figures released today by the Calgary real estate board (Creb®).
The number of single family home sales in the month of October 2010 shrank by 7 per cent at 888, compared with September 2010, when sales were 958. The number of condominium sales for the month of October 2010 was 310. This was a decrease of 15 per cent from the 366 condominium transactions recorded in September 2010.
Year-over-year, the number of single family homes sold in October 2010 in the city of Calgary were down 31 per cent. In October 2009, single family home sales totalled 1,285. Condominium sales saw a decrease of 48 per cent from the same time a year ago. In October 2009, condominium sales were 601. “buyers remain cautious, perhaps waiting to feel a little more confidence in Calgary’s economic growth and their own job security,” says Diane Scott, president of Creb®.
“We believe economic recovery will build momentum into 2011 as the outlook for oil and gas and other sectors continues to improve. This, coupled with low interest rates and improved affordability, should eventually help to stimulate Calgary’s housing market,” adds Scott.
The average price of a single family home in the city of Calgary in October 2010 was $444,744, showing a 3 per cent decrease from September 2010, when the average price was $460,278, and a 4 per cent decrease from October 2009, when the average price was $462,465. The average price of a condominium in the city of Calgary in October 2010 was $287,793, showing a 1 per cent increase from September 2010, when the average price was $284,028 and no significant change over last year, when the average price was $289,155. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas.
The median price of a single family home in the city of Calgary for October 2010 was $387,900, showing a 1 per cent decrease from September 2010 when the median price was $390,000. This was a 5 per cent decrease from October 2009, when the median price was $410,000. The median price of a condominium in October 2010 was $255,000, showing a 4 per cent decrease from September
CALgArY buYerS’ reMAIn CAuTIOuSSales of million dollar plus homes a bright spot in 2010 market
2010, when the median price was $265,000, and a 3 per cent decrease from October 2009, when it was $263,500.
All city of Calgary MLS® statistics include properties listed and sold only within Calgary’s city limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price.
“Our average price is being buoyed by more sales in the million dollar plus category. Despite a slowdown in certain market segments, homes sold in the city of Calgary at one million dollars or more have actually seen an increase of more than 15 per cent when compared to the same time one year ago. This boost in sales is, indeed, a bright spot in our current market,” says Scott.
Single family listings in the city of Calgary added for the month of October 2010 totalled 1,765, a decrease of 22 per cent from September 2010 when 2,252 new listings were added, and showing a decrease of 3 per cent from October 2009, when 1,819 new listings came to the market.
Condominium new listings in the city of Calgary added for October 2010 were 721, down 22 per cent from September 2010, when the MLS® saw 921 condo listings coming to the market. This is a decrease of 16 per cent from October 2009, when new condominium listings added were 859.
“We are seeing some decline in the number of new listings coming on to the market. A continuing decline in supply will help bring the market into balance,” says Scott.
“We believe we will see a tempering of our inventory levels, as some sellers offer marginal reductions in prices, or others choose to pull their home off the market for a period of time,” notes Scott. “Homeowners should consider speaking with their reALTOr® about their current marketing strategy—there are always options in every market.”
“Overall, we’re cautiously optimistic that Calgary’s economic recovery will pick up as we move into 2011—but in-migration will be needed to fuel a sustained recovery in Calgary’s housing market,” says Scott.
TOTAL MLS®*Month End Inventory 10,473 7,995 30.99% n/a n/a n/aNew Listings Added 3,375 3,567 -5.38% 45,612 40,440 12.79%Sales 1,523 2,346 -35.08% 19,011 22,322 -14.83%Avg DOM Sold 61 51 19.61% 50 53 -5.66%Avg DOM Active 82 78 5.13% 82 78 5.13%Average Sale Price 403,679 409,823 -1.50% 411,786 394,548 4.37%Median Price 359,000 360,000 -0.28% 362,000 350,000 3.43%Total Sales 614,802,778 961,443,906 -36.05% 7,828,463,813 8,807,103,115 -11.11%Sales $/List $ 95.81% 96.61% -0.82% 96.67% 96.26% 0.43%
CALGARY REAL ESTATE BOARDTOTAL MLS® FOR OCTOBER 2010
*Total MLS® includes Mobile Listings**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time.
**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. Older monthly statistics will not reflect up-to-date changes that naturally occur.”
**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. Older monthly statistics will not reflect up-to-date changes that naturally occur.”
Month **Y.T.D. Month **Y.T.D.
CALGARY REAL ESTATE BOARDTOWN AND COUNTRY BY PRICE CATEGORY
Oct-10 Oct-09
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Style InventoryListings
Added Sales Avg Price Total Sales Median Price Avg DOM S$/L$
NOTE: The above sales totals and median prices are for detached homes only.These figures do not include:Residential Attached, Duplex Side by Side, Duplex Up and Down, Townhouse, or Vacant Lot.
CALGARY METROCALGARY REAL ESTATE BOARD
SINGLE FAMILY BY STYLEOctober 2010
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Style InventoryListings
Added Sales Avg Price Total Sales Median Price Avg DOM S$/L$