june 2011

calgary regional housing market statistics

CONDO AND HOME SALES FIND THEIR FOOTING

First year-over-year increase in monthly condominium sales

since April 2010

City of Calgary Residential Sales

City of Calgary Residential Sales
3500
3000

Calgary, July 4, 2011 According to figures released today by CREB (Calgary

Real Estate Board), residential sales surged in the month of June 2011 to 1,979
units. While this indicates a third more sales than June 2010, the year-todate increase proved a moderate 2 per cent. Strong monthly increases does
not imply a housing boom, as it is important to put into perspective that sales
activity remains below long term averages. While the single family market has
shown signs of improvement throughout the first half of this year, this is the
first time since April 2010 that condominium sales have recorded a year-overyear increase.
Improved housing demand is being fueled by a younger demographic and,
with the affordability of homes in Calgary, we are continuing to see young
Calgarians pursue ownership over rentals, says Sano Stante, president of
CREB.

2500
2000
1500
1000
500
0

City of Calgary Residential Absorption

Mo
Months

City of Calgary Residential Absorption

10

9
8
7

Historically, Calgarys average family income has been higher than the
national average and a younger more mobile demographic has been attracted
to good paying professional jobs in Calgary. As the economy continues to build
momentum, we expect this same trend will support a balanced and healthy
housing market in the second half of 2011 and into 2012.
With 581 sales for the month of June 2011, the condominium market improved
by 31 per cent over June of 2010, however year-to-date figures show a 5 per
cent decrease over the same period last year.
Condo sales bounced back this month, and we now have less than four months
of supply on the market. Stronger condo sales, combined with a decline in
inventory, will lend more balance to this market in the months to come, says
Stante.
After the first half of the year, average prices of condominiums are still slightly
lower than levels recorded last year, as more buyers bought condominiums
under $200,000 in 2011 compared to 2010 for the same period.
Buyers in this market expect value and many are taking advantage of some
affordable buys in both the single family and condo markets. It highlights using
a skilled REALTOR to properly price your home for your unique market area,
says Stante.
The single family market recorded 1,398 sales in the month of June 2011. This
is an increase of 32 per cent when compared to June 2010 when 1,059 single
family homes sold in the city of Calgary. With a total of 7,231 sales after the first
half of the year, year-to-date single family sales are 6 per cent higher than last
year.
While new listings are still lower than levels recorded last year, the rate of
decline has eased. With the market shifting to more balanced conditions in
recent months, sellers are feeling more confident to list their home. Overall our
absorption rate has remained relatively stable, staving off any significant rise in
prices, says Stante.
Year-to-date average price of a single family home in Calgary is $472,330,
while the median price is $410,000, virtually unchanged over levels recorded
in the previous year. The distribution of sales by price range has not shown

6
5
4
3
2
1
0

Absorption = monthly inventory / monthly sales

Source: CREB

any significant shift compared to last year, pointing to

continued stability in the market.
After the first half of the year, it appears the recovery
in the housing market is starting to find its footing.
This gradual leveling has been fueled by growth in
employment, and in particular growth in full time jobs.
Improved job prospects, combined with an increase in the
number of people moving to Calgary, will give lift to our
housing market for the remainder of this year and into the
next, says Stante.
About CREB
CREB is a professional body of more than 5200 licensed brokers
and registered associates, representing 243 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 companys market share. 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. All MLS active listings for Calgary and area may
be found on the boards website at www.creb.com.

CREB - TOTAL MLS

Jun-11

Jun-10

Mth Chg

2011 YTD

2010 YTD

YTD Chg

SINGLE FAMILY (Calgary Metro)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

4,744
2,424
1,398
43
479,580
417,250

5,991
2,729
1,059
40
481,160
418,000

-20.81%
-11.18%
32.01%
7.51%
-0.33%
-0.18%

n/a
13,933
7,231
43
472,330
410,000

n/a
15,727
6,845
37
467,665
416,000

n/a
-11.41%
5.64%
16.22%
1.00%
-1.44%

CONDOMINIUM (Calgary Metro)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

2,023
958
581
53
296,501
265,000

2,626
1,086
445
47
294,182
270,000

-22.96%
-11.79%
30.56%
13.09%
0.79%
-1.85%

n/a
5,786
2,965
52
288,869
263,000

n/a
7,080
3,118
43
292,244
268,000

n/a
-18.28%
-4.91%
20.93%
-1.15%
-1.87%

TOWNS (Outside Calgary)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

3,081
955
434
68
360,454
338,400

2,992
936
304
68
377,804
341,750

2.97%
2.03%
42.76%
0.68%
-4.59%
-0.98%

n/a
5,263
1,954
76
351,555
328,900

n/a
5,316
2,022
65
361,794
338,000

n/a
-1.00%
-3.36%
16.92%
-2.83%
-2.69%

COUNTRY RESIDENTIAL (Acreages)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

1,166
320
67
82
851,584
797,000

1,159
245
58
88
899,552
837,500

0.60%
30.61%
15.52%
-6.36%
-5.33%
-4.84%

n/a
1,528
338
100
830,175
750,000

n/a
1,422
329
88
863,658
784,000

n/a
7.45%
2.74%
13.64%
-3.88%
-4.34%

RURAL LAND
Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

697
143
15
74
587,058
456,190

580
105
17
102
349,165
317,500

20.17%
36.19%
-11.76%
-27.75%
68.13%
43.68%

n/a
637
92
99
437,831
360,000

n/a
619
116
124
411,671
350,000

n/a
2.91%
-20.69%
-20.16%
6.35%
2.86%

TOTAL MLS*
Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

11,938
4,863
2,513
51
424,332
370,000

13,459
5,150
1,897
48
429,376
370,000

-11.30%
-5.57%
32.47%
5.82%
-1.17%
0.00%

n/a
27,408
12,646
53
417,948
364,000

n/a
30,471
12,511
45
414,263
365,000

n/a
-10.05%
1.08%
17.78%
0.89%
-0.27%

*Total MLS includes Mobile Listings

Calgary Metro only includes Zone A, B, C and D
Year-to-date and monthly statistics will accurately reflect our database, reflecting up-to-date changes that naturally occur.

CREB CALGARY METRO BY PRICE

Jun-11
SINGLE FAMILY
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

Month
-

1,398

0.00%
0.86%
11.52%
16.38%
15.45%
15.45%
10.01%
7.22%
5.22%
3.43%
2.65%
4.15%
2.86%
1.22%
1.50%
1.00%
0.43%
0.29%
0.21%
0.14%
0.00%
0.00%
0.00%
100.00%

11
103
242
91
60
28
17
11
2
4
2
3
2
4
1
-

1.89%
17.73%
41.65%
15.66%
10.33%
4.82%
2.93%
1.89%
0.34%
0.00%
0.69%
0.34%
0.52%
0.00%
0.34%
0.69%
0.17%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

12
161
229
216
216
140
101
73
48
37
58
40
17
21
14
6
4
3
2
-

Jun-10
Y.T.D.
1
86
866
1,174
1,273
1,051
733
479
352
251
209
262
174
80
92
64
23
27
18
12
3
1
-

7,231

0.01%
1.19%
11.98%
16.24%
17.60%
14.53%
10.14%
6.62%
4.87%
3.47%
2.89%
3.62%
2.41%
1.11%
1.27%
0.89%
0.32%
0.37%
0.25%
0.17%
0.04%
0.01%
0.00%
100.00%

33
601
1,271
420
291
114
89
37
28
15
21
14
16
1
5
6
1
1
1

1.11%
20.27%
42.87%
14.17%
9.81%
3.84%
3.00%
1.25%
0.94%
0.51%
0.71%
0.47%
0.54%
0.03%
0.17%
0.20%
0.03%
0.00%
0.00%
0.03%
0.00%
0.00%
0.03%

Month
-

Y.T.D.

1,059

0.00%
0.57%
10.86%
17.00%
16.53%
14.26%
10.67%
7.27%
5.29%
3.31%
2.93%
3.78%
1.98%
2.08%
1.32%
1.04%
0.57%
0.28%
0.09%
0.19%
0.00%
0.00%
0.00%
100.00%

6,845

0.01%
0.67%
10.77%
16.01%
17.31%
16.20%
10.97%
7.11%
5.26%
3.68%
2.85%
3.27%
1.91%
1.24%
1.30%
0.67%
0.28%
0.13%
0.25%
0.07%
0.00%
0.00%
0.01%
100.00%

3
64
218
73
37
19
6
7
5
4
1
2
3
3
-

0.67%
14.38%
48.99%
16.40%
8.31%
4.27%
1.35%
1.57%
1.12%
0.90%
0.22%
0.00%
0.45%
0.67%
0.67%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

13
455
1,467
536
287
141
69
41
34
27
11
13
11
7
4
2
-

0.42%
14.59%
47.05%
17.19%
9.20%
4.52%
2.21%
1.31%
1.09%
0.87%
0.35%
0.42%
0.35%
0.22%
0.13%
0.06%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

6
115
180
175
151
113
77
56
35
31
40
21
22
14
11
6
3
1
2
-

1
46
737
1,096
1,185
1,109
751
487
360
252
195
224
131
85
89
46
19
9
17
5
1

CONDO
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

581

2,965

445

Year-to-date and monthly statistics will accurately reflect our database, reflecting up-to-date changes that naturally occur.

3,118

CREB TOWN AND COUNTRY BY PRICE CATEGORY

Jun-11
TOWNS
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

Jun-10

Month
7
44
115
73
79
45
24
11
5
5
3
5
5
7
4
1
1
-

434

1.61%
10.14%
26.50%
16.82%
18.20%
10.37%
5.53%
2.53%
1.15%
1.15%
0.69%
1.15%
1.15%
1.61%
0.92%
0.23%
0.00%
0.00%
0.23%
0.00%
0.00%
0.00%
0.00%
100.00%

Y.T.D.
42
232
512
348
277
208
120
67
31
18
24
19
15
14
13
11
1
1
1
-

1,954

2.15%
11.87%
26.20%
17.81%
14.18%
10.64%
6.14%
3.43%
1.59%
0.92%
1.23%
0.97%
0.77%
0.72%
0.67%
0.56%
0.05%
0.00%
0.05%
0.05%
0.00%
0.00%
0.00%
100.00%

Month
4
36
72
44
42
31
23
15
11
5
3
9
2
2
3
1
1
-

304

1.32%
11.84%
23.68%
14.47%
13.82%
10.20%
7.57%
4.93%
3.62%
1.64%
0.99%
2.96%
0.66%
0.66%
0.99%
0.00%
0.00%
0.33%
0.33%
0.00%
0.00%
0.00%
0.00%
100.00%

Y.T.D.
38
207
487
353
324
221
117
95
39
34
24
28
17
16
12
6
1
2
1
-

2,022

1.88%
10.24%
24.09%
17.46%
16.02%
10.93%
5.79%
4.70%
1.93%
1.68%
1.19%
1.38%
0.84%
0.79%
0.59%
0.30%
0.05%
0.10%
0.05%
0.00%
0.00%
0.00%
0.00%
100.00%

COUNTRY RESIDENTIAL (ACREAGES)

0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

1
3
4
5
1
2
2
5
4
2
5
4
4
15
5
2
2
1
-

67

0.00%
1.49%
4.48%
5.97%
7.46%
1.49%
2.99%
2.99%
7.46%
5.97%
2.99%
7.46%
5.97%
5.97%
22.39%
7.46%
2.99%
2.99%
1.49%
0.00%
0.00%
0.00%
0.00%

1
10
27
11
12
12
6
13
19
13
20
40
32
24
54
18
9
5
8
4
-

338

0.30%
2.96%
7.99%
3.25%
3.55%
3.55%
1.78%
3.85%
5.62%
3.85%
5.92%
11.83%
9.47%
7.10%
15.98%
5.33%
2.66%
1.48%
2.37%
1.18%
0.00%
0.00%
0.00%

1
2
1
4
3
1
3
2
3
7
9
4
7
5
2
3
1
-

0.00%
1.72%
3.45%
0.00%
1.72%
6.90%
5.17%
1.72%
5.17%
3.45%
5.17%
12.07%
15.52%
6.90%
12.07%
8.62%
3.45%
5.17%
0.00%
1.72%
0.00%
0.00%
0.00%

58

Year-to-date and monthly statistics will accurately reflect our database, reflecting up-to-date changes that naturally occur.

1
7
13
13
8
9
15
8
15
20
19
37
47
26
37
25
11
8
6
3
1
-

329

0.30%
2.13%
3.95%
3.95%
2.43%
2.74%
4.56%
2.43%
4.56%
6.08%
5.78%
11.25%
14.29%
7.90%
11.25%
7.60%
3.34%
2.43%
1.82%
0.91%
0.00%
0.30%
0.00%

CALGARY REAL ESTATE BOARD

CALGARY METRO
SINGLE FAMILY BY STYLE
June 2011
Style

Inventory

Listings
Added

Sales

4
134
372
13
99
11
76
8
27
862
8
10
2

2
77
192
5
54
7
46
4
18
420
3
1
1

6
165
221
2
11
6
88
2
327

Avg Price

Total Sales

2
34
119
4
32
1
27
2
7
257
1
1
1

370,750
371,829
447,487
530,000
491,424
975,000
385,812
370,000
464,400
526,274
525,000
1,175,000
475,000

741,500
12,642,200
53,250,950
2,120,000
15,725,560
975,000
10,416,920
740,000
3,250,800
135,252,291
525,000
1,175,000
475,000

3
76
99
1
4
4
43
1
138

1
33
52
1
7
3
21
0
72

240,000
265,439
278,201
325,000
340,286
259,133
290,414
288,714

5
42
276
10
1
1
70
10
63
10
28
752
12
30
12

5
25
160
5
0
1
37
7
28
5
13
380
4
13
5

2
19
96
0
0
0
15
2
13
2
6
235
3
4
2

3
39
187
3
57
5
45
3
6
517
2
2

1
25
117
1
29
4
25
0
3
291
1
0

1
19
84
0
26
3
15
0
1
157
0
0

Median Price

Avg DOM

S$/L$

321,500
360,000
420,000
425,000
459,000
975,000
375,000
340,000
445,000
460,000
525,000
1,175,000
475,000

15
37
40
35
47
24
40
17
28
42
27
48
126

97.59%
97.11%
97.35%
93.87%
97.00%
97.51%
96.90%
96.76%
97.09%
97.40%
97.24%
97.92%
93.16%

240,000
8,759,500
14,466,450
325,000
2,382,000
777,400
6,098,700
20,787,377

240,000
265,000
270,000
325,000
329,000
254,900
300,000
286,000

40
37
44
19
43
20
41
0
47

96.39%
95.43%
96.33%
101.59%
96.43%
98.31%
97.02%
0.00%
96.95%

548,000
348,711
565,387
571,233
476,250
558,385
765,000
753,500
613,647
1,411,667
1,038,875
582,420

1,096,000
6,625,500
54,277,160
8,568,500
952,500
7,259,000
1,530,000
4,521,000
144,206,970
4,235,000
4,155,500
1,164,839

321,000
335,000
470,000
497,500
395,000
388,000
530,000
456,000
538,000
1,450,000
875,000
569,839

72
38
30
0
0
0
33
158
53
25
37
44
85
111
18

93.76%
96.79%
97.62%
0.00%
0.00%
0.00%
97.08%
96.71%
95.71%
98.72%
94.89%
96.70%
97.97%
96.11%
99.59%

640,000
356,177
416,928
604,442
377,000
425,017
295,000
440,786
-

640,000
6,767,356
35,021,971
15,715,500
1,131,000
6,375,250
295,000
69,203,438
-

640,000
335,000
381,000
495,000
361,000
380,000
295,000
408,000
-

100
49
39
0
52
68
59
0
7
44
0
0

96.26%
96.72%
97.27%
0.00%
96.51%
97.60%
97.26%
0.00%
95.19%
97.34%
0.00%
0.00%

NW
BK-SP
BLEVL
BUNG
BUNGH
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA

NE
BK-SP
BLEVL
BUNG
BUNGH
SPLT2
SPLT3
SPLT4
ST1.5
ST2

SW
BK-SP
BLEVL
BUNG
BUNGH
BUNGS
HL-SP
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA

SE
BK-SP
BLEVL
BUNG
BUNGH
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST3
VILLA

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 REAL ESTATE BOARD

CALGARY METRO
CONDO BY STYLE
June 2011

Style

Inventory

Listings
Added

Sales

250
17
0
11
27
1
1
1
3
4
11
5
177
1
19
3

133
5
0
7
17
0
1
0
2
1
7
2
88
0
7
1

98
5
0
1
7
0
0
0
1
1
5
2
51
1
5
5

262,186
289,600
200,000
293,714
415,000
430,500
318,900
195,000
305,717
257,000
439,900
317,100

25,694,269
1,448,000
200,000
2,056,000
415,000
430,500
1,594,500
390,000
15,591,550
257,000
2,199,500
1,585,500

77
1
1
10
2
1
4
76
4
2

39
1
1
5
1
1
2
24
2
0

14
0
4
5
0
0
1
16
0
0

140,931
124,225
176,600
237,500
180,047
-

708
30
12
40
1
27
17
7
2
23
4
171
3
48
10

334
13
5
16
0
9
3
5
0
9
1
98
2
17
3

182
8
3
15
0
2
2
1
0
5
5
57
4
8
5

95
2
3
11
1
1
2
1
9
70
1
4

37
1
0
5
0
1
1
1
5
39
1
1

29
1
0
6
0
0
1
0
3
18
1
1

Avg Price

Total Sales

Median Price

Avg DOM

S$/L$

243,600
235,000
200,000
310,000
415,000
430,500
317,500
90,000
295,500
257,000
377,000
284,000

47
103
0
91
33
0
0
0
151
15
55
40
48
196
34
65

96.63%
98.59%
0.00%
96.20%
100.00%
0.00%
0.00%
0.00%
93.28%
97.95%
95.85%
96.11%
97.39%
95.26%
96.38%
95.95%

1,973,040
496,900
883,000
237,500
2,880,750
-

148,000
109,500
168,000
237,500
177,000
-

79
0
30
57
0
0
68
56
0
0

94.77%
0.00%
97.58%
95.79%
0.00%
0.00%
96.94%
95.89%
0.00%
0.00%

287,615
325,688
165,000
331,380
416,500
793,000
850,000
291,900
409,800
335,430
538,500
782,938
535,380

52,345,850
2,605,500
495,000
4,970,700
833,000
1,586,000
850,000
1,459,500
2,049,000
19,119,531
2,154,000
6,263,500
2,676,900

270,000
309,500
145,000
315,000
298,000
176,000
850,000
282,500
385,000
295,000
395,000
570,000
540,000

49
87
97
35
0
56
16
54
0
58
84
44
40
81
121

96.85%
94.78%
93.59%
97.02%
0.00%
96.87%
95.84%
97.76%
0.00%
96.62%
97.19%
97.43%
97.13%
94.73%
96.65%

249,581
300,000
312,067
246,000
308,333
270,600
333,000
285,000

7,237,858
300,000
1,872,400
246,000
925,000
4,870,800
333,000
285,000

232,000
300,000
326,900
246,000
273,000
265,000
333,000
285,000

61
14
0
63
0
0
81
0
144
48
39
98

96.53%
98.39%
0.00%
97.75%
0.00%
0.00%
97.66%
0.00%
95.49%
96.49%
98.09%
95.03%

NW
APART
APRTM
BK-SP
BLEVL
BUNG
BUNGH
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST2
ST2.5
ST3
VILLA

NE
APART
APRTM
BLEVL
BUNG
SPLT2
SPLT3
SPLT4
ST2
ST3
VILLA

SW
APART
APRTM
BLEVL
BUNG
BUNGS
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST2
ST2.5
ST3
VILLA

SE
APART
APRTM
BLEVL
BUNG
LOFT
PENTH
SPLT2
SPLT3
SPLT4
ST2
ST3
VILLA

CREB - COMMERCIAL SUMMARY

Year to Date
30-Jun-11
Sold or
Leased

Avg Price or
Lse / M2

Type

Sold or
Leased

IND
OFC
RET

L
L
L

15
15
8

8.85
13.65
17.94

67
97
96

AGR
BUS
BWP
IND

S
S
S
S

4
43
11
12

641,000
97,073
846,563
562,842

LAN
MFC
OFC

S
S
S

9
16
9

RET

16

Avg DOM

Total Sales

SP / LP

25
124
168
131

2,564,000
4,174,149
9,312,190
6,754,100

93.03%
81.29%
90.57%
88.36%

954,375
849,500
502,867

154
58
143

7,635,000
13,592,000
4,525,800

77.22%
96.30%
74.30%

797,538

157

10,368,000

90.35%

Avg DOM

Total Sales

SP / LP

29,288,500
3,214,508
2,504,000
17,774,013

85.65%
81.30%
90.67%
92.52%

17,847,800
9,133,000
9,521,400

89.72%
94.81%
89.58%

6,227,835

87.76%

Year to Date
30-Jun-10
Sold or
Leased

Type

Sold or
Leased

Avg Price or
Lse / M2

IND
OFC
RET

L
L
L

9
11
4

9.111
12.827181
18.50075

110
107
88

AGR
BUS
BWP
IND
LAN
MFC
OFC
RET

S
S
S
S
S
S
S
S

15
35
7
37
20
11
13
10

1,952,567
91,843
357,714
480,379

116
96
221
107
153
89
103
69

892,390
830,273
732,415

622,784

CREB TOTAL MLS

Sales
Inventory
Avg Sale Price

22,000

$500,000

Median Sale Price

20,000
429,376

424,871
410,707

390,124

411,295

401,941

409,579

369,000

360,000
370,000

362,000

350,000

360,000

359,000

355,000

371,000

370,000

$350,000

360,000

350,000

344,900

$400,000

410,063

13459
12865

$300,000
11928

12,000

11938

11650

11349
10855

10473

$250,000

10043

10,000

9439
8929

$200,000

8070

8,000

7189

$150,000

6,000

$100,000

4,000
2,000

1897

1679

1620

1672

1519

1964
1495

1283

2344

2173

2311

2513

$50,000

1341

$0
Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10 Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Average/Median Sales Price

396,255

416,200

16,000

# Sales/Inventory

424,332

403,994

18,000

14,000

$450,000

428,895

CREB ABSORPTION RATE

TOTAL MLS

12
10
8
6
4

Balanced Market

2
0

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 Dec-10 Feb-11 Apr-11 Jun-11
Absorption Rate = Inventory / Sales

CREB TOTAL MLS

16,000

Inventory

Sales

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
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 Dec-10 Feb-11 Apr-11 Jun-11

CREB TOTAL MLS

New Listings

7,000

Sales

6,000
5,000
4,000
3,000
2,000
1,000
0
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 Dec-10 Feb-11 Apr-11 Jun-11

CREB TOTAL MLS INVENTORY AS OF

MONTH END
20,000
18,000

13,459
11,938

16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Jun-10

Jun-11