creb monthly regional report · 2016-10-11 · creb® region summary october 2016 sales new...

October 2016

MONTHLY STATISTICS PACKAGE

CREB® Region Report

78%

6%

6%4%

3%1%

2%

SHARE OF SALES October 2016

Calgary

Airdrie

Rocky View Region

Foothills Region

Mountain View Region

Wheatland Region

Other Active Areas

Source: CREB®

REGIONAL HIGHLIGHTSNovember 2, 2016

Airdrie sales activity improved in October across all product types. Meanwhile, the amount of new listings remained similar to last year, easing some of the pressure on overall inventory levels. The improvement in the supply relative to demand has eased some of the downward pressuring on prices.

While year-to-date sales and new listings activity in Cochrane remains comparable to last year, elevated inventory levels and competition from the new home sector continue to impact pricing. The average detached benchmark price totaled $420,200 this year, which represents a 3.6 per cent decline over the previous year.

Overall detached sales activity in Okotoks remained higher than last year’s levels, while new listings eased, helping reduce some of the inventory gains seen in the market. Despite some recent downward price pressures, overall detached benchmark prices have averaged $437,500 this year, just below year-to-date averages recorded last year.

*CREB®’s analysis only considers surrounding areas with enough activity to generate the MLS® Home Price Index

Oct. 16

CREB® Calgary Regional Housing Market Statistics 3

CREB® Region Summary

October 2016Sales

New Listings

Sales to New Listings Ratio

InventoryMonths of Supply

Benchmark Price

Average Price

Median Price

Share of Sales Activity

City of Calgary 1,644 2,364 69.54% 5,427 3.30 438,900 462,279 410,500 78%

Airdrie 129 183 70.49% 379 2.94 355,300 371,718 370,000 6%

Rocky View Region 133 234 56.84% 765 5.75 537,400 557,129 460,000 6%

Foothills Region 73 178 41.01% 558 7.64 386,000 529,513 433,000 3%

Mountain View Region 60 59 101.69% 330 5.50 313,800 390,805 362,500 3%

Kneehill Region 5 10 50.00% 69 13.80 - 190,900 179,000 0%

Wheatland Region 22 59 37.29% 174 7.91 205,700 369,711 397,500 1%

Willow Creek Region 5 16 31.25% 96 19.20 - 305,700 266,000 0%

Vulcan Region 5 10 50.00% 67 13.40 - 163,500 115,000 0%

Bighorn Region 24 34 70.59% 81 3.38 - 584,543 566,725 1%

CREB® Economic Region 2,100 3,147 66.73% 7,947 3.78 434,800 461,716 410,000 100%

0

300

600

900

1,200

1,500

1,800

CREB® INVENTORY BY PRICE RANGE

Calgary Airdrie Rocky View Region

Foothills Region Mountain View Region Kneehill Region

Wheatland Region Willow Creek Region Vulcan Region

Bighorn RegionSource: CREB®

OCTOBER

Oct. 16

0

100

200

300

400

500

600

700

CREB® SALES BY PRICE RANGE




Bighorn RegionSource: CREB®

OCTOBER

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER




Bighorn Region Source: CREB®

CREB® TOTAL SALES: YEAR-TO-DATE

0

10,000

20,000

30,000

40,000

50,000

60,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER




Bighorn Region Source: CREB®

CREB® TOTAL NEW LISTINGS: YEAR-TO-DATE


CREB® Region

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Detached Apartment Semi - Detached

Row 10 Year AverageSource: CREB®

CREB® ECONOMIC REGION TOTAL SALES

420,000

425,000

430,000

435,000

440,000

445,000

450,000

455,000

460,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16

Inventory Sales Benchmark Price Source: CREB®

CREB® ECONOMIC REGION INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016

Months of Supply TrendedSource: CREB®

12 month moving average

CREB® ECONOMIC REGION MONTHS OF INVENTORY

-10%

-5%

0%

5%

10%

15%

2011 2012 2013 2014 2015 2016

Semi Y/Y%change Row Y/Y% change

Apartment Y/Y% change Detached Y/Y% ChangeSource: 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

2011 2012 2013 2014 2015 2016

Detached Price Apartment Price

Row Price Semi PriceSource: CREB®

CREB® ECONOMIC REGION PRICES

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016 Source: CREB®

CREB® ECONOMIC REGION TOTAL SALES BY PRICE RANGE

Oct. 16


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 1,307 4,854 3 1984 2 1

Airdrie 1,463 4,651 3 1998 2 1

Rural Rocky View 2,130 87,120 3 1991 3 1

Cochrane 1,456 5,740 3 1996 2 1

Chestermere 1,884 5,593 3 2001 2 1

Rural Foothills 1,723 176,418 3 1987 2 0

High River 1,287 5,629 3 1985 2 0

Okotoks 1,454 5,038 3 1997 2 1

Turner Valley 1,215 6,335 3 1981 2 0

Rural Mountain View 1,256 7,393 3 1980 2 0

Carstairs 1,266 6,668 3 1987 2 0

Didsbury 1,189 6,384 3 1978 2 0

Rural Wheatland 1,206 11,335 3 1970 2 0

Strathmore 1,255 5,606 3 1996 2 0

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Calgary Airdrie RuralRocky View

Chester-mere

Cochrane RuralFoothills

HighRiver

Okotoks TurnerValley

RuralMtn. View

Carstairs Didsbury RuralWheatland

Strathmore

DETACHED BENCHMARK PRICE

Source: CREB®

OCTOBER

Oct. 16

-8%

-6%

-4%

-2%

0%

2%

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®

OCTOBER


Calgary CMA

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


City of Calgary 1,644 2,364 69.54% 5,427 3.30 438,900 462,279 410,500 86%

Airdrie 129 183 70.49% 379 2.94 355,300 371,718 370,000 7%

Rocky View Region 133 234 56.84% 765 5.75 537,400 557,129 460,000 7%

Calgary CMA 1,906 2,781 68.54% 6,571 3.45 438,700 462,769 410,000 100%

0

200

400

600

800

1,000

1,200

1,400

CALGARY CMA INVENTORY BY PRICE RANGE


Source: CREB®

OCTOBER

Oct. 16

0

100

200

300

400

500

600

CALGARY CMA SALES BY PRICE RANGE


Source: CREB®

OCTOBER

0

5,000

10,000

15,000

20,000

25,000

30,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Source: CREB®

CALGARY CMA SALES: YEAR-TO-DATE

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Source: CREB®

CALGARY CMA NEW LISTINGS: YEAR-TO-DATE


Calgary CMA

0

5,000

10,000

15,000

20,000

25,000

30,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



CALGARY CMA TOTAL SALES

425,000

430,000

435,000

440,000

445,000

450,000

455,000

460,000

465,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


CALGARY CMA INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016



CALGARY CMA MONTHS OF INVENTORY

-10%

-5%

0%

5%

10%

15%

2011 2012 2013 2014 2015 2016



CALGARY CMA PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

2011 2012 2013 2014 2015 2016



CALGARY CMA PRICES

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

CALGARY CMA TOTAL SALES BY PRICE RANGE

Oct. 16


Airdrie

0

200

400

600

800

1,000

1,200

1,400

1,600

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



AIRDRIE TOTAL SALES

345,000

350,000

355,000

360,000

365,000

370,000

375,000

-

100

200

300

400

500

600

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


AIRDRIE INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016



AIRDRIE MONTHS OF INVENTORY

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

2011 2012 2013 2014 2015 2016



AIRDRIE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

2011 2012 2013 2014 2015 2016



AIRDRIE PRICES

0

100

200

300

400

500

600YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

AIRDRIE TOTAL SALES BY PRICE RANGE

Oct. 16


Rocky View Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Rocky View Region 133 234 56.84% 765 5.75 537,400 557,129 460,000 100%

Rural Rocky View 24 48 50.00% 247 10.29 934,400 1,042,667 912,500 18%

Beiseker 1 3 33.33% 8 8.00 - 265,000 265,000 1%

Bragg Creek 1 2 50.00% 8 8.00 - 508,000 508,000 1%

Chestermere 30 47 63.83% 147 4.90 479,600 543,363 496,750 23%

Cochrane 51 101 50.50% 267 5.24 420,700 402,399 390,000 38%

Crossfield 7 15 46.67% 35 5.00 - 377,874 372,117 5%

Irricana 3 2 150.00% 11 3.67 - 260,000 260,000 2%

Langdon 14 10 140.00% 23 1.64 - 474,848 457,500 11%

Redwood Meadows 1 3 33.33% 11 11.00 - 535,000 535,000 1%

Other 1 3 33.33% 8 8.00 - 870,000 870,000 1%

0

50

100

150

200

250

INVENTORY BY PRICE RANGE

Rural Rocky View Cochrane Chestermere

Beiseker Bragg Creek Crossfield

Irricana Langdon Redwood Meadows

Source: CREB®

OCTOBER

0

5

10

15

20

25

30

35

40

SALES BY PRICE RANGE



Irricana Langdon Redwood Meadows

Source: CREB®

OCTOBER

Oct. 16

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



Irricana Langdon Redwood MeadowsSource: CREB®

ROCKY VIEW SALES: YEAR-TO-DATE

0

500

1,000

1,500

2,000

2,500

3,000

3,500

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



Irricana Langdon Redwood MeadowsSource: CREB®

ROCKY VIEW NEW LISTINGS: YEAR-TO-DATE


Cochrane

0

100

200

300

400

500

600

700

800

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



COCHRANE TOTAL SALES

380,000

390,000

400,000

410,000

420,000

430,000

440,000

450,000

460,000

-

50

100

150

200

250

300

350

400

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


COCHRANE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2011 2012 2013 2014 2015 2016



COCHRANE MONTHS OF INVENTORY

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

2011 2012 2013 2014 2015 2016



COCHRANE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

2011 2012 2013 2014 2015 2016



COCHRANE PRICES

0

50

100

150

200

250YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

COCHRANE TOTAL SALES BY PRICE RANGE

Oct. 16


Chestermere

0

50

100

150

200

250

300

350

400

450

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



CHESTERMERE TOTAL SALES

430,000

440,000

450,000

460,000

470,000

480,000

490,000

500,000

510,000

-

50

100

150

200

250

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


CHESTERMERE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

2011 2012 2013 2014 2015 2016



CHESTERMERE MONTHS OF INVENTORY

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

2011 2012 2013 2014 2015 2016



CHESTERMERE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

600,000

2011 2012 2013 2014 2015 2016



CHESTERMERE PRICES

0

20

40

60

80

100

120

140YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

CHESTERMERE TOTAL SALES BY PRICE RANGE

Oct. 16


Rural Rocky View

0

50

100

150

200

250

300

350

400

450

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



RURAL ROCKY VIEW TOTAL SALES

820,000

840,000

860,000

880,000

900,000

920,000

940,000

960,000

980,000

1,000,000

1,020,000

-

50

100

150

200

250

300

350

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


RURAL ROCKY VIEW INVENTORY AND SALES

-

10

20

30

40

50

60

2011 2012 2013 2014 2015 2016



RURAL ROCKY VIEW MONTHS OF INVENTORY

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

2011 2012 2013 2014 2015 2016



RURAL ROCKY VIEW PRICE CHANGE

100,000

300,000

500,000

700,000

900,000

1,100,000

1,300,000

2011 2012 2013 2014 2015 2016



RURAL ROCKY VIEW PRICES

0

50

100

150

200

250YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

RURAL ROCKY VIEW TOTAL SALES BY PRICE RANGE

Oct. 16


Foothills Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Foothills Region 73 178 41.01% 674 9.23 386,000 529,513 433,000 100%

Rural Foothills 14 29 48.28% 148 10.57 648,900 911,392 830,000 19%

Black Diamond 2 10 20.00% 20 10.00 - 326,250 326,250 3%

Blackie 1 0 - 4 4.00 - 293,000 293,000 1%

Cayley 2 1 200.00% 2 1.00 - 247,000 247,000 3%

De Winton 0 2 0.00% 5 - - - - 0%

Heritate Pointe 3 14 21.43% 37 12.33 - 844,333 750,000 4%

High River 10 43 23.26% 125 12.50 330,900 298,500 271,750 14%

Okotoks 37 67 55.22% 177 4.78 430,200 450,295 425,000 50%

Turner Valley 2 8 25.00% 18 9.00 292,800 301,250 301,250 3%

Priddis Greens 1 1 100.00% 8 8.00 - 1,199,050 1,199,050 1%

Longview 1 0 - 4 4.00 - 475,000 475,000 1%

Other 1 3 33.33% 14 14.00 - 475,000 475,000 1%

0

20

40

60

80

100

120

140INVENTORY BY PRICE RANGE

Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®

OCTOBER

0

2

4

6

8

10

12

14

16

18


Okotoks High River Rural FoothillsHeritage Pointe Black Diamond BlackieCayley Longview Turner ValleyDe Winton Priddis Greens Other Source: CREB®

OCTOBER

Oct. 16

0

200

400

600

800

1,000

1,200

1,400

1,600

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Okotoks High River Rural Foothills

Heritage Pointe Black Diamond Blackie

Cayley Longview Turner Valley

De Winton Priddis Greens Source: CREB®

FOOTHILLS SALES: YEAR-TO-DATE

0

500

1,000

1,500

2,000

2,500

3,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Okotoks High River Rural Foothills

Heritage Pointe Black Diamond Blackie

Cayley Longview Turner Valley

De Winton Priddis Greens Source: CREB®

FOOTHILLS NEW LISTINGS: YEAR-TO-DATE


Okotoks

0

100

200

300

400

500

600

700

800

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



OKOTOKS TOTAL SALES

415,000

420,000

425,000

430,000

435,000

440,000

445,000

450,000

-

50

100

150

200

250

300

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


OKOTOKS INVENTORY AND SALES

-

1

2

3

4

5

6

7

8

2011 2012 2013 2014 2015 2016



OKOTOKS MONTHS OF INVENTORY

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

2011 2012 2013 2014 2015 2016



OKOTOKS PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

2011 2012 2013 2014 2015 2016



OKOTOKS PRICES

0

50

100

150

200

250YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

OKOTOKS TOTAL SALES BY PRICE RANGE

Oct. 16


Rural Foothills

0

50

100

150

200

250

300

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



RURAL FOOTHILLS TOTAL SALES

600,000

620,000

640,000

660,000

680,000

700,000

720,000

740,000

-

50

100

150

200

250

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


RURAL FOOTHILLS INVENTORY AND SALES

-

5

10

15

20

25

30

2011 2012 2013 2014 2015 2016



RURAL FOOTHILLS MONTHS OF INVENTORY

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

2011 2012 2013 2014 2015 2016



RURAL FOOTHILLS PRICE CHANGE

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

2011 2012 2013 2014 2015 2016



RURAL FOOTHILLS PRICES

0

20

40

60

80

100

120YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

RURAL FOOTHILLS TOTAL SALES BY PRICE RANGE

Oct. 16


Wheatland Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Wheatland Region* 22 59 37.29% 174 7.91 205,700 369,711 397,500 100%

Rural Wheatland* 4 6 66.67% 27 6.75 205,700 520,500 570,000 18%

Carseland* 0 2 0.00% 3 - - - - 0%

Lyalta* 2 1 200.00% 11 5.50 - 435,000 435,000 9%

Rockyford* 0 1 0.00% 3 - - - - 0%

Strathmore 16 48 33.33% 110 6.88 358,200 323,853 341,250 73%

Gleichen 0 0 - 5 - - - - 0%

Other* 0 1 0.00% 20 - - - - 0%

*Data within these areas many not accurately reflect total resale activity and trends

0

10

20

30

40

50

60


Strathmore Rural Wheatland Carseland

Lyalta Rockyford OtherSource: CREB®

OCTOBER

0

1

2

3

4

5

6

7

8

9



Lyalta Rockyford OtherSource: CREB®

OCTOBER

Oct. 16

0

100

200

300

400

500

600

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Lyalta RockyfordSource: CREB®

WHEATLAND SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

800

900

1,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Lyalta RockyfordSource: CREB®

WHEATLAND NEW LISTINGS: YEAR-TO-DATE


Strathmore

0

10

20

30

40

50

60

70

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER



STRATHMORE TOTAL SALES

345,000

350,000

355,000

360,000

365,000

370,000

-

20

40

60

80

100

120

140

160

Aug.'15

Sep.'15

Oct.'15

Nov.'15

Dec.'15

Jan.'16

Feb.'16

Mar.'16

Apr.'16

May.'16

Jun.'16

Jul.'16

Aug.'16

Sep.'16

Oct.'16


STRATHMORE INVENTORY AND SALES

-

2

4

6

8

10

12

14

16

18

20

2011 2012 2013 2014 2015 2016



STRATHMORE MONTHS OF INVENTORY

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

2011 2012 2013 2014 2015 2016



STRATHMORE PRICE CHANGE

100,000

150,000

200,000

250,000

300,000

350,000

400,000

2011 2012 2013 2014 2015 2016



STRATHMORE PRICES

0

20

40

60

80

100

120

140

160YTD OCTOBER

YTD 2013 YTD 2014 YTD 2015 YTD 2016

Source: CREB®

STRATHMORE TOTAL SALES BY PRICE RANGE

Oct. 16


Mountain View Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Mountain View Region* 60 59 101.69% 330 5.50 313,800 390,805 362,500 100%

Rural Mountain View* 10 15 66.67% 116 11.60 420,700 571,240 532,450 17%

Carstairs 19 13 146.15% 54 2.84 339,800 361,471 368,000 32%

Cremona 2 4 50.00% 5 2.50 - 261,500 261,500 3%

Didsbury 8 11 72.73% 33 4.13 268,600 277,813 283,750 13%

Olds* 15 12 125.00% 82 5.47 311,200 365,862 365,000 25%

Sundre* 4 4 100.00% 35 8.75 290,400 388,125 335,000 7%

Other* 2 0 - 5 2.50 - 541,000 541,000 3%


0

20

40

60

80

100

120


Rural Mountain View Didsbury Olds

Sundre Carstairs Cremona

Other Source: CREB®

OCTOBER

0

5

10

15

20

25



Sundre Carstairs Cremona

Other Source: CREB®

OCTOBER

Oct. 16

0

100

200

300

400

500

600

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Sundre Carstairs Cremona Source: CREB®

MOUNTAIN VIEW SALES: YEAR-TO-DATE

0

200

400

600

800

1,000

1,200

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Sundre Carstairs Cremona Source: CREB®

MOUNTAIN VIEW NEW LISTINGS: YEAR-TO-DATE


Kneehill Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Kneehill Region* 5 10 50.00% 69 13.80 - 190,900 179,000 100%

Rural Kneehill* 1 0 - 11 11.00 - 272,000 272,000 20%

Acme* 0 2 0.00% 10 - - - - 0%

Linden* 3 0 - 0 0.00 - 163,000 160,000 60%

Three Hills* 1 7 14.29% 26 26.00 - 193,500 193,500 20%

Torrington* 0 0 - 3 - - - - 0%

Trochu* 0 0 - 15 - - - - 0%

Other* 0 1 0.00% 7 - - - - 0%


0

5

10

15

20

25

30


Rural Kneehill Three Hills Acme

Linden Trochu OtherSource: CREB®

OCTOBER

0

1

2

3

4

5



Linden Trochu OtherSource: CREB®

OCTOBER

Oct. 16

0

10

20

30

40

50

60

70

80

90

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Linden Trochu Source: CREB®

KNEEHILL SALES: YEAR-TO-DATE

0

50

100

150

200

250

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER


Linden Trochu Source: CREB®

KNEEHILL NEW LISTINGS: YEAR-TO-DATE


Willow Creek Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Willow Creek Region* 5 16 31.25% 96 19.20 - 305,700 266,000 100%

Rural Willow Creek* 0 0 - 10 - - - - 0%

Claresholm* 1 13 7.69% 52 52.00 - 266,000 266,000 20%

Nanton* 2 3 66.67% 18 9.00 - 310,000 310,000 40%

Stavely* 0 0 - 11 - - - - 0%

Other* 2 0 - 5 2.50 - 321,250 321,250 40%


0

5

10

15

20

25

30

35


Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB®

OCTOBER

0

1

2

3


Rural Willow Creek Claresholm Nanton Stavely Other

Source: CREB®

OCTOBER

Oct. 16

0

20

40

60

80

100

120

140

160

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Rural Willow Creek Claresholm Nanton StavelySource: CREB®

WILLOW CREEK SALES: YEAR-TO-DATE

0

50

100

150

200

250

300

350

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Rural Willow Creek Claresholm Nanton StavelySource: CREB®

WILLOW CREEK NEW LISTINGS: YEAR-TO-DATE


Vulcan Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Vulcan Region* 5 10 50.00% 67 13.40 - 163,500 115,000 100%

Rural Vulcan* 1 4 25.00% 26 26.00 - 290,000 290,000 20%

Vulcan* 2 4 50.00% 24 12.00 - 156,250 156,250 40%

Carmangay* 1 1 100.00% 4 4.00 - 115,000 115,000 20%

Champion* 0 0 - 1 - - - - 0%

Other* 1 1 100.00% 12 12.00 - 100,000 100,000 20%


0

5

10

15

20

25


Rural Vulcan Vulcan Carmangay

Champion OtherSource: CREB®

OCTOBER

0

1

2

3

4


Rural Vulcan Vulcan Carmangay

Champion Other Source: CREB®

OCTOBER

Oct. 16

0

10

20

30

40

50

60

70

80

90

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Rural Vulcan Vulcan Carmangay Champion

Source: CREB®

VULCAN SALES: YEAR-TO-DATE

0

20

40

60

80

100

120

140

160

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Rural Vulcan Vulcan Carmangay Champion

Source: CREB®

VULCAN NEW LISTINGS: YEAR-TO-DATE


Bighorn Region

October 2016Sales

New Listings



Benchmark Price

Average Price

Median Price


Total Bighorn Region* 24 34 70.59% 81 3.38 - 584,543 566,725 100%

Rural Bighorn* 0 2 0.00% 8 - - - - 0%

Canmore* 22 30 73.33% 69 3.14 - 584,218 566,725 92%

Other* 2 2 100.00% 5 2.50 - 588,115 588,115 8%


0

5

10

15

20

25

30


Canmore Other Rural Bighorn

Source: CREB®

OCTOBER

0

1

2

3

4

5

6

7

8


Canmore Other Rural Bighorn

Source: CREB®

OCTOBER

Oct. 16

0

50

100

150

200

250

300

350

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Canmore Rural BighornSource: CREB®

BIGHORN SALES: YEAR-TO-DATE

0

100

200

300

400

500

600

700

800

900

1,000

YTD2006

YTD2007

YTD2008

YTD2009

YTD2010

YTD2011

YTD2012

YTD2013

YTD2014

YTD2015

YTD2016

YTD OCTOBER

Canmore Rural BighornSource: CREB®

BIGHORN NEW LISTINGS: YEAR-TO-DATE


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 transactions asnot 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**Waiparous**

FOOTHILLSRural Foothills M.D.Aldersyde**Black DiamondBlackieCayleyDe WintonHeritage PointeHigh RiverLongview**Millarville**OkotoksPriddis**Priddis GreensTurner Valley

KNEEHILL*Rural Kneehill CountyAcmeCarbon**Huxley**LindenSwalwell**Three HillsTorrington**TrochuWimborne**

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**Standard**

Oct. 16


creb monthly regional report · 2016-10-11 · creb® region summary october 2016 sales new...

Documents