Calgary Housing Market Report Dec 2014

CALGARYREAL ESTATEMARKET REPORTJanuary 2015

Realty Professionals

Cell: 403 831 0842Email: [email protected]

Web: www.jerrycharlton.com

Market Status

INFORMATION HEREIN DEEMED RELIABLE BUT NOT GUARANTEED SOURCE: CREB Calgary Real Estate Board

+4.0+1.0

+1.5 +3.5

+2.0 +3.0+2.5

2.99

Selle

r’s

Balanced

Buyer’s

monthsof inventory


1

2

3

4

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

Dec.2013

Jan.2014

Feb.2014

BUYE

R’S

MAR

KET

NEUT

RAL

MAR

KET

SELL

ER’S

MAR

KET 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

2.99

Nov.2014

Dec.2014

Average Prices


Compared to LAST MONTH,homes areselling for

Month to Month Year to Year

Nov2014

$486,327

Dec2014

$475,036

Dec2013

$454,387

Dec2014

City of Calgary average SOLD price

Compared to LAST YEAR,homes areselling for

more+4.5%Calgary

less–2.3%

$475,036



Nov2014

$560,709

Dec2014

$550,115 $527,632

Dec2013

Dec2014

$550,115

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+4.3%

Single Familyless

–1.9%



Nov2014

$322,486

Dec2014

$318,539 $318,539

Dec2013

$296,207

Dec2014

Apartment condo average SOLD price

Compared to LAST MONTH,apartment condos areselling for

less

Compared to LAST YEAR,apartment condos areselling for

more+7.5%–1.22

lessCondos


$332,893


Nov2014

$361,374

Dec2014

$353,766 $353,766

Dec2013

Dec2014

Townhouse average SOLD price

Compared to LAST MONTH,townhouses areselling for

Compared to LAST YEAR,townhouses areselling for

moreTownhouses+6.3%

less-2.1%

Prices in $ and Price movement in percentage

14 years average of price increase for city of Calgary is 8.86 %

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%

+5.78%

+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

483,0

79


Inventory


1,379972


Nov2014

Dec2014

1,3792,091

Dec2013

Dec2014

NEW listings

Compared to LAST MONTH,there are

lessnew listings

–34.1%

Compared to LAST YEAR,there are

morenew listings

+41.9


0

4,000

3,000

2,000

1,000

5,000

Dec.2013

Jan.2014

Active listings Sold listings

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

2,145

4,428

Nov.2014

1,780

3,849

Dec.2014

1,083

3,233

Transactions Data



Nov2014

15.17%

270 SOLDout of

1,780 allSOLD

Dec2014

Dec2013

14.43%

160 SOLDout of

1,171 allSOLD

Dec2014

13.85%

150 SOLDout of

1,083 allSOLD

13.85%

270 SOLDout of

1,083 allSOLD

Homes sold at or above asking price

Compared to LAST MONTH,there are

less homesselling ator aboveasking price

Compared to LAST YEAR,there are

–8.69%less homesselling ator aboveasking price

-3.89%



Nov2014

Dec2014

Dec2013

Dec2014

Sellers keptfrom asking

97.94% 97.53%

Sellers keptfrom asking

97.70% 97.53%

Buyers negotiated

2.06% 2.47%Buyers negotiated

2.30% 2.47%

How much buyers negotiated off asking price



Nov2014

$8,494

Dec2014

Dec2013

Dec2014

$4,720$7,429

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

–36.5%less

–44.4%

$4,720



Nov2014

46.25%

1,780 SOLDout of

3,849 listed

Dec2014

Dec2013

52.37%

1,083 SOLDout of

3,233 listed

1,171 SOLDout of

2,236 listed

Dec2014

33.50%

1,083 SOLDout of

3,233 listed

Odds of selling(Percentage of Homes Sold VS Listings)

Compared to LAST MONTH,the odds of selling decreasedby

–27.56%

Compared to LAST YEAR,the odds of selling decreasedby

–35.51%

33.50%


Over asking


Nov2014

$1,704Dec

2014Dec

2013Dec

2014

$1,877 $1,877$1,802

Average $ amount SOLD over askingCondos

Compared to LAST MONTH,condos sold over listreceived

+10.2%

Compared to LAST YEAR,homes sold over listreceived

+4.2%

$more more



DOM43

DOM46

DOM43

DOM38

Average Days on Market

Dec 2013

Dec 2014

Nov 2014

Dec 2014

Compared to LAST MONTH,homes are selling

slower

Compared to LAST YEAR,homes are selling

faster–11.6% +7.0%