Calgary Real Estate Market Report Dec 2014

CALGARYREAL ESTATEMARKET REPORTDecember 2014

Realty Professionals

Cell: 403 831 0842Email: [email protected]

Web: www.jerrycharlton.com

Market Status

+4.0+1.0

+1.5 +3.5

+2.0 +3.0+2.5

2.16

Selle

r’s

Balanced

Buyer’s

monthsof inventory

1

2

3

4

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

Nov.2013

Dec.2013

Jan.2014

Feb.2014

BUYE

R’S

MAR

KET

NEUT

RAL

MAR

KET

SELL

ER’S

MAR

KET 1.83 1.91 1.76 1.56

Mar.2014

1.30

Apr.2014

1.49

May2014

1.53

Jun.2014

1.77

Jul.2014

2.00

Aug.2014

2.03 2.14 2.06

Set.2014

Oct.2014

2.16

Nov.2014

Average Prices

Compared to LAST MONTH,homes areselling for

Month to Month Year to Year

Oct2014

$488,474

Nov2014

$485,962

Nov2013

$458,157

Nov2014

City of Calgary average SOLD price

Compared to LAST YEAR,homes areselling for

more+6.1%Calgary

less–0.5%

$485,962

Month to Month Year to Year

Oct2014

$555,251

Nov2014

$560,117 $515,491

Nov2013

Nov2014

$560,117

Single family homes average SOLD price

Compared to LAST MONTH,single family homes areselling for

Compared to LAST YEAR,single family homes areselling for

more+8.7%

Single Familymore

+0.9%

Month to Month Year to Year

Oct2014

$322,358

Nov2014

$322,486 $322,486

Nov2013

$307.308

Nov2014

Apartment condo average SOLD price

Compared to LAST MONTH,apartment condos areselling for

more

Compared to LAST YEAR,apartment condos areselling for

more+4.9%+0.04

lessCondos

$358,625

Month to Month Year to Year

Oct2014

$376,227

Nov2014

$361,013 $361,013

Nov2013

Nov2014

Townhouse average SOLD price

Compared to LAST MONTH,townhouses areselling for

Compared to LAST YEAR,townhouses areselling for

moreTownhouses+0.7%

less-4.0%

Prices in $ and Price movement in percentage

14 years average of price increase for city of Calgary is 8.87 %

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

200

100

300

400

500

2014

YTD

Years - Residential Average Price

+12.79%

+39.79%

+18.26% –2.47%

–4.65%

+4.01% +1.10% +3.44%+6.54%

+5.81%

+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

2001 2002 2003

+3.05% +9.65%+9.93%

170,5

05

186,9

60

205,5

22

483,3

91

2.0911,824

Month to Month Year to Year

Oct2014

Nov2014

2.0912,918

Oct2013

Nov2014

NEW listings

Compared to LAST MONTH,there are

lessnew listings

–28.3%

Compared to LAST YEAR,there are

morenew listings

+14.6

Inventory

0

4,000

3,000

2,000

1,000

5,000

Nov.2013

Dec.2013

Jan.2014

Active listings Sold listings

1,724

3,156

1,171

2,236

1,438

2,524

Feb.2014

1,850

2,892

Listing inventory & SOLD (13 months history)

Mar.2014

2,482

3,233

Apr.2014

2,540

3,794

May2014

2,944

4,504

Jun.2014

2,665

4,726

Jul.2014

2,329

4,659

Aug.2014

2,263

4,596

Set.2014

2,146

4,589

Oct.2014

2,147

4,428

Nov.2014

1,782

3,849

Transactions Data

Month to Month Year to Year

Oct2014

15.14%

325 SOLDout of

2,147 allSOLD

Nov2014

Nov2013

14.73%

254 SOLDout of

1,724 allSOLD

Nov2014

15.15%

270 SOLDout of

1,782 allSOLD

15.15%

270 SOLDout of

1,782 allSOLD

Homes sold at or above asking price

Compared to LAST MONTH,there are

more homesselling ator aboveasking price

Compared to LAST YEAR,there are

+0.09%less homesselling ator aboveasking price

+2.99%

Month to Month Year to Year

Oct2014

Nov2014

Nov2013

Nov2014

Sellers keptfrom asking

97.89% 97.94%

Sellers keptfrom asking

97.60% 97.94%

Buyers negotiated2.11% 2.06%

Buyers negotiated2.40% 2.06%

How much buyers negotiated off asking price

Month to Month Year to Year

Oct2014

$7,304

Nov2014

Nov2013

Nov2014

$8,494$4,940

Average $ amount SOLD over askingSingle Family

Compared to LAST MONTH,homes sold over listreceived

Compared to LAST YEAR,homes sold over listreceived

Over asking

$more

+71.9%more

+16.3%

$8,494

Month to Month Year to Year

Oct2014

48.49%

2,147 SOLDout of

4,428 listed

Nov2014

Nov2013

54.63%

1,782 SOLDout of

3,849 listed

1,724 SOLDout of

3,156 listed

Nov2014

46.30%

1,782 SOLDout of

3,849 listed

Odds of selling(Percentage of Homes Sold VS Listings)

Compared to LAST MONTH,the odds of selling decreasedby

–4.51%

Compared to LAST YEAR,the odds of selling decreasedby

–14.70%

46.30%

Over asking

Month to Month Year to Year

Oct2014

$3,667

Nov2014

Nov2013

Nov2014

$1,704 $1,7043.099

Average $ amount SOLD over askingCondos

Compared to LAST MONTH,condos sold over listreceived

-53.5%

Compared to LAST YEAR,homes sold over listreceived

–45.0%

$less more

Month to Month Year to Year

DOM38

DOM40

DOM38

DOM37

Average Days on Market

Nov 2013

Nov 2014

Oct 2014

Nov 2014

Compared to LAST MONTH,homes are selling

slower

Compared to LAST YEAR,homes are selling

faster–2.6% +5.3%