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CREB - 2011 April Calgary Real Estate Statistics
CREB - 2011 April Calgary Real Estate Statistics
In April 2011, single family home sales were 1,217, while 2,299 listings
came to market, a decline of 10 per cent over April 2010 and 25 per
cent, respectively. Inventory levels rose slightly over March 2011
levels, but remained well below inventories recorded in April 2010, and Absorption Rate
close to the long term average, indicating the market continues to show
balanced conditions.
“While our spring market has been a little slow to get started, we are
seeing our inventory levels return to healthy levels,” says Sano Stante,
president of CREB®. “This trend, combined with an improving job
market, will help warm up Calgary’s housing market in the coming
months.”
Along with a decline in inventory, Stante points out that homes in the
higher-end of the market are selling faster, with average days on market
trending down, and below the 5-year average.
“We are seeing improvements in the sale of homes in the higher price and growth for Calgary. This will help contribute
points. Homes above $700,000 are selling within an average of 41 days. to a stronger demand for housing and a stable real
This is consistent with pre-recession levels,” says Stante. estate market,” adds Stante.
2011 2010 Mth Chg **YTD 2011 **YTD 2010 YTD Chg
SINGLE FAMILY(Calgary Metro)
Month End Inventory 4,395 4,986 n/a n/a n/a n/a
New Listings added 2,299 3,082 -25.41% 8,962 10,042 -10.75%
Sales 1,217 1,352 -9.99% 4,523 4,538 -0.33%
Avg DOM 41 36 13.89% 44 36 22.22%
Average Sale Price 479,575 460,378 4.17% 465,076 460,003 1.10%
Median Price 420,000 417,000 0.72% 400,000 415,000 -3.61%
COUNTRY RESIDENTIAL(Acreages)
Month End Inventory 1,004 1,011 -0.69% n/a n/a n/a
New Listings added 263 280 -6.07% 947 1,005 -5.77%
Sales 67 49 36.73% 206 211 -2.37%
Avg DOM 93 73 27.40% 103 90 14.44%
Average Sale Price 838,915 880,543 -4.73% 808,677 860,267 -6.00%
Median Price 783,000 835,000 -6.23% 750,000 760,000 -1.32%
RURAL LAND
Month End Inventory 593 513 15.59% n/a n/a n/a
New Listings added 104 104 0.00% 368 392 -6.12%
Sales 22 17 29.41% 54 67 -19.40%
Avg DOM 90 111 -18.92% 89 126 -29.37%
Average Sale Price 384,437 439,156 -12.46% 396,321 414,234 -4.32%
Median Price 321,000 335,000 -4.18% 340,000 350,000 -2.86%
TOTAL MLS*
Month End Inventory 10,855 11,725 -7.42% n/a n/a n/a
New Listings added 4,551 5,800 -21.53% 17,433 19,783 -11.88%
Sales 2,176 2,448 -11.11% 7,826 8,401 -6.84%
Avg DOM 52 42 23.81% 53 45 17.78%
Average Sale Price 424,746 405,850 4.66% 412,616 406,887 1.41%
Median Price 369,000 364,500 1.23% 360,000 362,000 -0.55%
CONDO
0 - 99,999 3 0.56% 19 1.01% 2 0.31% 7 0.32%
100,000 - 199,999 109 20.37% 408 21.67% 89 13.93% 330 15.31%
200,000 - 299,999 240 44.86% 807 42.86% 313 48.98% 1,011 46.91%
300,000 - 349,999 81 15.14% 260 13.81% 108 16.90% 371 17.22%
350,000 - 399,999 48 8.97% 182 9.67% 56 8.76% 198 9.19%
400,000 - 449,999 17 3.18% 61 3.24% 29 4.54% 94 4.36%
450,000 - 499,999 14 2.62% 49 2.60% 13 2.03% 48 2.23%
500,000 - 549,999 4 0.75% 22 1.17% 7 1.10% 24 1.11%
550,000 - 599,999 4 0.75% 22 1.17% 6 0.94% 25 1.16%
600,000 - 649,999 5 0.93% 11 0.58% 8 1.25% 18 0.84%
650,000 - 699,999 1 0.19% 14 0.74% 2 0.31% 8 0.37%
700,000 - 799,999 1 0.19% 7 0.37% 3 0.47% 11 0.51%
800,000 - 899,999 4 0.75% 13 0.69% 2 0.31% 6 0.28%
900,000 - 999,999 1 0.19% 1 0.05% 1 0.16% 2 0.09%
1,000,000 - 1,249,999 1 0.19% 3 0.16% - 0.00% 1 0.05%
1,250,000 - 1,499,999 1 0.19% 2 0.11% - 0.00% 1 0.05%
1,500,000 - 1,749,999 - 0.00% - 0.00% - 0.00% - 0.00%
1,750,000 - 1,999,999 - 0.00% - 0.00% - 0.00% - 0.00%
2,000,000 - 2,499,999 - 0.00% - 0.00% - 0.00% - 0.00%
2,500,000 - 2,999,999 1 0.19% 1 0.05% - 0.00% - 0.00%
3,000,000 - 3,499,999 - 0.00% - 0.00% - 0.00% - 0.00%
3,500,000 - 3,999,999 - 0.00% - 0.00% - 0.00% - 0.00%
Over 4,000,000 - 0.00% 1 0.05% - 0.00% - 0.00%
535 1,883 639 2,155
**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.”
CREB® TOWN AND COUNTRY BY PRICE CATEGORY
Apr-11 Apr-10
TOWNS Month **Y.T.D. Month **Y.T.D.
0 - 99,999 4 1.22% 18 1.60% 7 1.85% 28 2.03%
100,000 - 199,999 39 11.85% 146 12.94% 35 9.26% 141 10.22%
200,000 - 299,999 86 26.14% 299 26.51% 102 26.98% 342 24.78%
300,000 - 349,999 57 17.33% 203 18.00% 67 17.72% 256 18.55%
350,000 - 399,999 40 12.16% 148 13.12% 58 15.34% 220 15.94%
400,000 - 449,999 30 9.12% 107 9.49% 36 9.52% 140 10.14%
450,000 - 499,999 35 10.64% 81 7.18% 23 6.08% 72 5.22%
500,000 - 549,999 13 3.95% 37 3.28% 18 4.76% 66 4.78%
550,000 - 599,999 4 1.22% 19 1.68% 8 2.12% 22 1.59%
600,000 - 649,999 2 0.61% 10 0.89% 8 2.12% 24 1.74%
650,000 - 699,999 1 0.30% 17 1.51% 3 0.79% 14 1.01%
700,000 - 799,999 4 1.22% 13 1.15% 4 1.06% 15 1.09%
800,000 - 899,999 1 0.30% 6 0.53% 4 1.06% 13 0.94%
900,000 - 999,999 3 0.91% 7 0.62% 1 0.26% 11 0.80%
1,000,000 - 1,249,999 5 1.52% 8 0.71% 1 0.26% 9 0.65%
1,250,000 - 1,499,999 5 1.52% 8 0.71% 3 0.79% 5 0.36%
1,500,000 - 1,749,999 - 0.00% 1 0.09% - 0.00% 1 0.07%
1,750,000 - 1,999,999 - 0.00% - 0.00% - 0.00% 1 0.07%
2,000,000 - 2,499,999 - 0.00% - 0.00% - 0.00% - 0.00%
2,500,000 - 2,999,999 - 0.00% - 0.00% - 0.00% - 0.00%
3,000,000 - 3,499,999 - 0.00% - 0.00% - 0.00% - 0.00%
3,500,000 - 3,999,999 - 0.00% - 0.00% - 0.00% - 0.00%
Over 4,000,000 - 0.00% - 0.00% - 0.00% - 0.00%
329 1,128 378 1,380
**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.”
CALGARY REAL ESTATE BOARD
CALGARY METRO
SINGLE FAMILY BY STYLE
April 2011
Listings
Style Inventory Added Sales Avg Price Total Sales Median Price Avg DOM S$/L$
NW
BK-SP 2 1 3 310,333 931,000 315,000 32 93.67%
BLEVL 110 60 35 365,704 12,799,651 346,000 43 96.84%
BUNG 341 206 117 468,383 54,800,861 421,500 37 96.95%
BUNGH 11 10 3 503,517 1,510,550 350,000 19 98.49%
BUNGS 1 0 0 - - - 0 0.00%
MODUL 1 0 0 - - - 0 0.00%
SPLT2 82 50 27 527,400 14,239,788 505,000 43 97.46%
SPLT3 9 7 5 372,500 1,862,500 380,000 32 97.66%
SPLT4 57 31 17 397,539 6,758,166 370,000 31 97.77%
SPLT5 6 2 1 832,500 832,500 832,500 32 98.20%
ST1.5 25 12 9 413,333 3,720,000 397,000 87 94.62%
ST2 858 467 234 517,891 121,186,423 450,000 41 97.24%
ST2.5 15 7 1 680,000 680,000 680,000 48 97.16%
ST3 8 1 0 - - - 0 0.00%
VILLA 4 1 1 433,000 433,000 433,000 16 98.43%
NE
BK-SP 3 1 1 230,000 230,000 230,000 23 92.18%
BLEVL 120 58 28 262,263 7,343,350 265,000 54 96.88%
BUNG 202 112 49 271,471 13,302,062 277,850 42 96.00%
BUNGH 2 0 1 325,000 325,000 325,000 81 98.51%
MODUL 1 0 1 185,000 185,000 185,000 28 93.01%
SPLT2 19 7 1 313,000 313,000 313,000 12 99.37%
SPLT3 7 2 3 276,000 828,000 286,000 44 95.86%
SPLT4 79 32 12 279,625 3,355,500 285,000 40 95.23%
ST1.5 4 0 1 50,000 50,000 50,000 65 100.00%
ST2 303 129 61 300,612 18,337,329 291,000 52 96.15%
ST2.5 1 0 0 - - - 0 0.00%
SW
BK-SP 6 0 1 332,000 332,000 332,000 29 97.94%
BLEVL 39 25 15 350,043 5,250,650 340,000 39 97.68%
BUNG 259 160 98 509,160 49,897,650 455,000 39 97.11%
BUNGH 13 5 1 595,000 595,000 595,000 16 96.12%
BUNGS 1 0 0 - - - 0 0.00%
SPLT2 56 25 16 645,375 10,326,000 530,000 38 97.02%
SPLT3 7 1 1 482,000 482,000 482,000 61 97.40%
SPLT4 58 33 21 476,076 9,997,600 395,000 40 95.91%
SPLT5 8 4 2 558,250 1,116,500 359,000 53 95.85%
ST1.5 22 11 6 1,021,667 6,130,000 490,000 24 95.54%
ST2 702 373 201 609,553 122,520,214 540,000 39 97.69%
ST2.5 11 8 1 2,200,000 2,200,000 2,200,000 13 100.23%
ST3 28 8 3 1,146,667 3,440,000 875,000 37 95.56%
VILLA 8 2 3 491,842 1,475,525 501,525 22 99.67%
SE
BK-SP 5 2 3 311,333 934,000 308,000 31 97.32%
BLEVL 49 31 16 344,431 5,510,900 335,000 36 97.45%
BUNG 177 80 44 392,061 17,250,665 369,000 34 97.68%
BUNGH 3 0 0 - - - 0 0.00%
SPLT2 55 26 12 522,333 6,268,000 470,000 31 97.09%
SPLT3 3 1 4 351,650 1,406,600 334,000 56 97.42%
SPLT4 41 22 7 386,571 2,706,000 369,000 40 97.67%
SPLT5 4 1 0 - - - 0 0.00%
ST1.5 3 1 3 1,353,067 4,059,200 399,100 55 93.66%
ST2 493 272 143 451,853 64,614,985 414,500 44 97.47%
ST3 1 0 0 - - - 0 0.00%
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
April 2011
Listings
Style Inventory Added Sales Avg Price Total Sales Median Price Avg DOM S$/L$
NW
APART 268 125 75 246,112 18,458,431 235,000 53 97.17%
APRTM 17 11 3 356,667 1,070,000 340,000 99 96.50%
BK-SP 1 1 0 - - - 0 0.00%
BLEVL 13 7 2 228,750 457,500 210,000 17 97.59%
BUNG 26 11 6 264,583 1,587,500 265,000 23 98.10%
PENTH 1 1 0 - - - 0 0.00%
SPLT2 3 2 0 - - - 0 0.00%
SPLT3 2 1 0 - - - 0 0.00%
SPLT4 18 8 5 293,502 1,467,508 292,500 45 97.18%
SPLT5 5 3 1 410,000 410,000 410,000 25 97.64%
ST2 162 86 46 296,930 13,658,800 289,500 74 97.54%
ST2.5 1 0 1 250,000 250,000 250,000 50 98.08%
ST3 19 8 2 417,000 834,000 384,000 14 99.31%
VILLA 8 5 3 336,500 1,009,500 336,000 69 95.96%
NE
APART 64 23 14 168,964 2,365,500 175,000 74 93.90%
BK-SP 1 1 0 - - - 0 0.00%
BLEVL 2 4 2 122,400 244,800 106,800 21 98.00%
BUNG 11 5 2 201,600 403,200 136,200 44 95.18%
SPLT2 1 0 1 180,700 180,700 180,700 170 90.58%
SPLT4 3 0 1 174,000 174,000 174,000 160 91.63%
SPLT5 1 0 0 - - - 0 0.00%
ST2 78 37 16 172,906 2,766,500 179,000 65 95.50%
ST3 4 2 0 - - - 0 0.00%
VILLA 2 2 1 243,000 243,000 243,000 12 97.24%
SW
APART 701 326 179 291,512 52,180,630 257,000 48 96.74%
APRTM 31 16 6 418,333 2,510,000 296,000 71 97.22%
BK-SP 1 1 1 264,000 264,000 264,000 20 99.62%
BLEVL 9 8 4 225,225 900,900 195,900 27 97.44%
BUNG 42 23 15 329,897 4,948,450 281,000 47 96.34%
BUNGH 0 1 1 325,000 325,000 325,000 14 97.16%
BUNGS 1 0 0 - - - 0 0.00%
LOFT 16 10 7 333,200 2,332,400 323,000 29 97.19%
PENTH 16 11 4 1,070,250 4,281,000 395,000 18 97.68%
SPLT2 7 3 0 - - - 0 0.00%
SPLT3 1 1 1 330,000 330,000 330,000 25 97.09%
SPLT4 18 9 7 313,357 2,193,500 298,500 26 97.23%
SPLT5 9 3 1 350,000 350,000 350,000 31 94.62%
ST1.5 1 0 0 - - - 0 0.00%
ST2 157 83 64 317,570 20,324,507 284,500 61 95.91%
ST2.5 3 5 3 584,333 1,753,000 390,000 29 95.79%
ST3 49 20 8 372,438 2,979,500 385,000 46 96.31%
VILLA 14 6 1 460,000 460,000 460,000 76 96.86%
SE
APART 95 40 20 244,270 4,885,400 218,000 58 96.56%
APRTM 3 1 0 - - - 0 0.00%
BLEVL 2 1 2 244,000 488,000 188,000 39 96.27%
BUNG 12 6 4 240,250 961,000 227,000 30 95.00%
LOFT 1 0 0 - - - 0 0.00%
SPLT2 2 2 1 574,500 574,500 574,500 62 97.54%
SPLT3 1 1 0 - - - 0 0.00%
SPLT4 4 2 2 252,750 505,500 242,500 27 95.41%
SPLT5 0 0 1 192,500 192,500 192,500 42 96.30%
ST2 82 41 15 271,507 4,072,600 285,000 56 97.78%
ST3 4 0 0 - - - 0 0.00%
VILLA 4 2 3 304,667 914,000 266,000 58 98.99%
CREB® - COMMERCIAL SUMMARY
IND L 11 8.77 71
OFC L 10 14.46 98
RET L 3 23.32 88
IND L 8 9.545666 87
OFC L 10 13.0335 111
RET L 3 19.734 78
20000 $450,000
433,248
424,746
11725 11928
12000 11349
10855
10473
10043
$250,000
10000 9439
8929
8070 $200,000
8000 7189
$150,000
6000
$100,000
4000
2448 2239 2347
1967 2176
1902
2000
1683 1628 1673 1523 1496 1289 1349 $50,000
0 $0
Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11
CREB® ABSORPTION RATE
TOTAL MLS® APRIL 2011
12
10
4
Balanced Market
2
0
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 Dec‐10 Feb‐11 Apr‐11
CREB® TOTAL MLS®
APRIL 2011
Inventory Sales
16,000
14,000
12,000
10,000
8,000
6,000
4 000
4,000
2,000
0
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 Dec‐10 Feb‐11 Apr‐11
CREB® TOTAL MLS®
APRIL 2011
New Listings Sales
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
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 Dec‐10 Feb‐11 Apr‐11
20,000
18,000
16,000 11,725
10,855
14,000
12,000
10,000
8,000
6,000
6 000
4,000
2,000
0
2010 2011