8/3/2019 December 2011 Calgary Real Estate Statistics http://slidepdf.com/reader/full/december-2011-calgary-real-estate-statistics 1/19 calgary regional housing market statistics year-end figures demonstrate stable growth 2011 a year of steady improvement for the housing market Calgary, January 3, 2012 – According to fgures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales or 2011 compared to 17,267 in 2010. Recovering rom tepid sales activity in the frst hal o 2011, early improvements in employment and migration resulted in a pickup in housing demand in the second hal o the year. By the end o June 2011, year-to-date sales activity had only increased by two per cent compared to the second hal o the year, where residential sales improved by 15 per cent. “While sales activity in 2011 remained below the long run average by 17 per cent, monthly fgures point towards the trend o this gap narrowing,” says Sano Stante, president o CREB®. 2011 single amily sales totaled 13,186, a nine per cent increase over last year. While sales increased, listings remained low, with an annual total o 24,245, six per cent lower than 2010 levels. The decline in listings relative to sales pushed down inventory levels to 2,761, resulting in our months o supply. Meanwhile, the condominium market recorded declining sales or nearly hal o the year, but avorable pricing and improved economic conditions pushed sales up by double digit rates or the second hal o the year. 2011 condo sales totaled 5,382, a 4 per cent increase over the previous year. The rise in sales was complemented by an annual 12 per cent decline in listings. This helped to tighten the condominium market, causing inventories to decline to 1,287 and months o supply to remain just above our months. “The demand recovery in the condominium market lagged the single amily market, as price adjustments in both the single amily and condominium markets resulted in more selection or consumers,” Stante says. “For the frst time in several years, consumers had additional selection o single amily homes at a lower price range, which directly competed with the condominium market.” Single amily average price in 2011 reached $466,402, a one per cent increase over last year. While there have been some strong monthly increases, primarily due to sales in the upper end skewing the prices, ll i h i dil t bl M hil th d december 2011 About CREB® CREB® is a proessional body o more than 5,100 licensed brokers and registered associates, representing 241 member oces. CREB® is dedicated to enhancing the value, integrity and expertise o its REALTOR® members. Our REALTORS® are committed to a high standard o proessional conduct, ongoing education, and a strict Code o Ethics and standards o business practice. For Calgary Metro, CREB® statistics include only Zone A, B, C and D or properties located in Calgary. Furthermore, all historical data has been adjusted to the most current inormation. Any use or reerence to CREB® data and statistics must acknowledge CREB® as the source. The board does not generate statistics or analysis o any individual member or company’s market share. Calgary Average & Median Price Change Y/Y Calgary Single Family & Condo Sales YTD 0 5000 10000 15000 20000 25000 30000 Single Family Sales YTD Condominium Sales YTD 10 Year Average Source: CREB® Source: CREB®
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8/3/2019 December 2011 Calgary Real Estate Statistics
2011 a year of steady improvement for the housing market
Calgary, January 3, 2012 – According to fgures released today by CREB®
(Calgary Real Estate Board), Calgary residential sales in 2011 increasedeight per cent over last year, with 18,568 sales or 2011 compared to
17,267 in 2010.
Recovering rom tepid sales activity in the frst hal o 2011, early
improvements in employment and migration resulted in a pickup inhousing demand in the second hal o the year. By the end o June 2011,
year-to-date sales activity had only increased by two per cent comparedto the second hal o the year, where residential sales improved by 15
per cent.
“While sales activity in 2011 remained below the long run average
by 17 per cent, monthly fgures point towards the trend o this gap
narrowing,” says Sano Stante, president o CREB®.2011 single amily sales totaled 13,186, a nine per cent increase over last year. While sales increased, listings remained low, with an annual totalo 24,245, six per cent lower than 2010 levels. The decline in listings
relative to sales pushed down inventory levels to 2,761, resulting in ourmonths o supply.
Meanwhile, the condominium market recorded declining sales ornearly hal o the year, but avorable pricing and improved economic
conditions pushed sales up by double digit rates or the second hal o the year. 2011 condo sales totaled 5,382, a 4 per cent increase over the
previous year. The rise in sales was complemented by an annual 12per cent decline in listings. This helped to tighten the condominiummarket, causing inventories to decline to 1,287 and months o supply to
remain just above our months.
“The demand recovery in the condominium market lagged the singleamily market, as price adjustments in both the single amily andcondominium markets resulted in more selection or consumers,”
Stante says. “For the frst time in several years, consumers had additionalselection o single amily homes at a lower price range, which directly
competed with the condominium market.”
Single amily average price in 2011 reached $466,402, a one per cent
increase over last year. While there have been some strong monthlyincreases, primarily due to sales in the upper end skewing the prices,
ll i h i d i l t bl M hil th d
december 2011
About CREB®
CREB® is a proessional body o more than 5,100 licensed brokers
and registered associates, representing 241 member oces. CREB®
is dedicated to enhancing the value, integrity and expertise o its
REALTOR® members. Our REALTORS® are committed to a high
standard o proessional conduct, ongoing education, and a strict Code
o Ethics and standards o business practice.
For Calgary Metro, CREB® statistics include only Zone A, B, C and D
or properties located in Calgary. Furthermore, all historical data has
been adjusted to the most current inormation.
Any use or reerence to CREB® data and statistics must acknowledge
CREB® as the source. The board does not generate statistics or analysis
o any individual member or company’s market share.
Calgary Average & Median Price Change Y/Y
Calgary Single Family & Condo Sales YTD
0
5000
10000
15000
20000
25000
30000
Single Family Sales YTD Condominium Sales YTD 10 Year Average Source: CREB®Source: CREB®
8/3/2019 December 2011 Calgary Real Estate Statistics
CITYCITYCITYCITY OF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATEOF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATEOF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATEOF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATE
CITYCITYCITYCITY OF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATEOF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATEOF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATEOF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATE
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
< $300,000 $300,000 -$349,999
$350,000 -$449,999
$450,000 -$549,999
$550,000 -$699,999
$700,000 +
Dec-08 Dec-09 Dec-10 Dec-11 Source: CREB®
60%
10%
20%
30%
40%
50%
60%
8/3/2019 December 2011 Calgary Real Estate Statistics
CITYCITYCITYCITY OF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICEOF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICEOF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICEOF CALGARY SINGLE FAMILY AVERAGE AND MEDIAN PRICE ---- YEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGE
CITYCITYCITYCITY OF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICEOF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICEOF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICEOF CALGARY CONDOMINIUM AVERAGE AND MEDIAN PRICE ---- YEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGEYEAR OVER YEAR CHANGE
-20%
-10%
0%
10%
20%
30%
40%
Single Family Average Price change Single Family Median Price Change Source: CREB®
20%
30%
40%
50%
60%
-30%
-20%
-10%
0%
10%
20%
30%
Condo Average Price change Condo Median Price Change Source: CREB®
8/3/2019 December 2011 Calgary Real Estate Statistics
CITYCITYCITYCITY OF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATEOF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATEOF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATEOF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATE
-
5,000
10,000
15,000
20,000
25,000
30,000
-
Single Family Sales YTD Condominium Sales YTD 10 Year Average Source: CREB®Source: CREB®