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Calgary Market Report Infographics

Friday, July 10, 2020 7:28:24 PM UTC
INFOGRAPHICS: June 2020 CREB City And Region Market Reports
INFOGRAPHICS: June 2020 CREB City And Region Market Reports

Sales decline by 2% from last year amidst COVID-19 pandemic

After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totalling 1,747 units.

Caution remains necessary, as monthly sales are nearly 2% lower than activity recorded last year. However, this represents a significant improvement compared to the past several months, where year-over-year declines exceeded 40%.

Read the full report on the CREB website!

 


 

The following data is a comparison between June 2019 and June 2020 numbers, and is current as of July 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

 

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – June 2020 CREB, City of Calgary Report
Download Printable Version – June 2020 CREB, Calgary Region Report

 

 

 

 

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INFOGRAPHICS: May 2020 CREB City And Region Market Reports
INFOGRAPHICS: May 2020 CREB City And Region Market Reports

COVID-19’s impact on Calgary housing market continues.

Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary.

May sales totalled 1,080 units, a 44% decline from last year’s figures. Sales are down in all price ranges, but a greater share of sales are priced below $500,000.

In the higher price ranges the drop in inventory has not been enough compared to the drop in sales. Additionally, the months of supply is far higher than the already elevated levels seen during the past five years. The shift in sales toward lower-priced product is contributing to steep average price declines in the Calgary market.

Read the full report on the CREB website.

 


 

The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

 

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – May 2020 CREB, City of Calgary Report
Download Printable Version – May 2020 CREB, Calgary Region Report

 

 

 

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INFOGRAPHICS: April 2020 CREB City And Region Market Reports
INFOGRAPHICS: April 2020 CREB City And Region Market Reports

Calgary real estate market feeling impact of the pandemic. After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19.

April sales hit 573 units, a decline of 63% over last year. Sales activity eased across all price ranges, but the largest declines were for homes priced above $600,000.

New listings this month totalled 1,425 units, a decline of 54% compared to last year. Inventories also declined, but with 5,565 units available, they remained high enough to push the months of supply above nine months.

Read the full report over at the CREB website.

 


 

The following data is a comparison between April 2019 and April 2020 numbers, and is current as of May 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

 

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

Download Printable Version – April 2020 CREB, City of Calgary Report
Download Printable Version – April 2020 CREB, Calgary Region Report

 

 

 

 

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INFOGRAPHICS: March 2020 CREB City And Region Market Reports
INFOGRAPHICS: March 2020 CREB City And Region Market Reports

These are challenging times, and we hope that everyone is healthy and well. For now, here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

As noted in their latest market report, after a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society.

The economic impact is starting to be felt across many industries. This includes the housing market.

March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on businesses and employment.

By the end of March, sales activity had fallen 11% compared to last year. This is 37% lower than long-term averages. The drop in sales pushed March levels to the lowest recorded since 1995.

New listings dropped by 19% this month. This decline in new listings compared to sales caused supply levels to ease and helped prevent a larger increase in oversupply. Overall, the months of supply remain just below five months, similar to levels recorded last year.

Prices were already forecasted to ease this year due to oversupply in our market. In March, the citywide benchmark price was $417,400. This is nearly 1% lower than last year’s levels. The reduction in both sales and new listings should help prevent significant price declines in our market.

However, price declines will likely be higher than originally expected due to the combined impact of the pandemic and energy sector crisis.

As noted by CREB® chief economist Ann-Marie Lurie,

“This is an unprecedented time with a significant amount of uncertainty coming from both the wide impact of the pandemic and dramatic shift in the energy sector. It is not a surprise to see these concerns also weigh on the housing market.

The impact on the housing market will likely persist over the next several quarters. However, measures put in place by the government to help support homeowners through this time of job and income loss will help prevent more significant impacts in the housing market.”

 


 

The following data is a comparison between March 2019 and March 2020 numbers, and is current as of April 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – March 2020 CREB, City of Calgary Report
Download Printable Version – March 2020 CREB, Calgary Region Report

 

 

 

 

(Image Source: CREBnow.com)

 

 

 

 

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INFOGRAPHICS: February 2020 CREB City And Region Market Reports
INFOGRAPHICS: February 2020 CREB City And Region Market Reports

We are now steadily moving into the month of March, and here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

According to CREB’s latest media release, home sales see a bump and February saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s.

With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23% improvement over last year, but sales remain well below longer-term trends and consistent with the lower levels reported over the past five years.

As noted by CREB chief economist Ann-Marie Lurie,

“However, this should not diminish the fact that conditions are still improving.

Calgary is continuing to see slow reductions in the amount of oversupply in the market, from modest changes in demand and reductions in supply. This needs to occur before we can see more stability in prices.”

The overall unadjusted benchmark price was $416,900 in February. This is similar to last month, but nearly 1% below last year’s levels. Overall, prices remain nearly 11% below the monthly high recorded in 2014.

 


 

The following data is a comparison between February 2019 and February 2020 numbers, and is current as of March 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – February 2020 CREB, City of Calgary Report
Download Printable Version – February 2020 CREB, Calgary Region Report

 

 

 

 

(Image Source: CREBnow.com)

 

 

 

 

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INFOGRAPHICS: January 2020 CREB City And Region Market Reports
INFOGRAPHICS: January 2020 CREB City And Region Market Reports

Here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

In their most recent market update, CREB reports that housing market conditions continue to follow similar trends to last year, with gains in sales.

At the same time, there have been further reductions in new listings, inventory and more declines in prices.

January sales activity was 863 units, nearly 8% higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years.

Citywide unadjusted benchmark prices were $417,100 in January. This is slightly lower than the previous month and nearly 1% lower than last year’s levels.

Benchmark prices eased, but there were some modest improvements in both the average and median prices. This is likely a reflection of some changes in the distribution of sales.

AS per CREB® chief economist Ann-Marie Lurie,

 

“A persistent slowdown in the energy sector has resulted in a reset in many aspects of our economy. This includes the housing market. We continue to see the slow adjustment to more balanced conditions, but it will take time before that starts to translate into price stability.”

 


 

The following data is a comparison between January 2019 and January 2020 numbers, and is current as of February 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – January 2020 CREB, City of Calgary Report
Download Printable Version – January 2020 CREB, Calgary Region Report

 

 

 

 

(Image Source: CREBnow.com)

 

 

 

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INFOGRAPHICS: December 2019 CREB City And Region Market Reports
INFOGRAPHICS: December 2019 CREB City And Region Market Reports

Let’s start off the new year on a good note! Here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

As CREB has recently announced on their latest media release, December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year.

A stronger second half in 2019 was enough to push annual sales up by 1%.

December unadjusted benchmark prices were $418,500. This is just slightly lower than last month and 1% below last year’s levels.

Overall prices in 2019 declined by 3% over last year’s levels. The total adjustment in prices is a 10% decline since the 2014 slowdown in the energy sector.

While there are signs of stabilization, conditions vary significantly by location, price range and product type.

Improvements in the resale market have been mostly driven by lower priced product or areas where price declines were enough to bring more purchasers back into the market.

As noted by CREB chief economist Ann-Marie Lurie,

 

“Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market. As oversupply in the market continues to ease, we should start to see more stabilization in prices. However, conditions continue to favour the buyer and this is weighing on prices.”

 

 


 

The following data is a comparison between December 2018 and December 2019 numbers, and is current as of January 2020. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – December 2019 CREB, City of Calgary Report
Download Printable Version – December 2019 CREB, Calgary Region Report

 

 

 

 

(Image Source: CREBnow.com)

 

 

 

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INFOGRAPHICS: November 2019 CREB City And Region Market Reports
INFOGRAPHICS: November 2019 CREB City And Region Market Reports

Are you as excited as we are for the coming new year? Here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

As noted in CREB’s latest media release, year-to-date residential sales in the city remain just above last year’s levels due to improvements in the attached sector so far this year.

However, November sales activity eased over last year’s levels, mostly due to pullbacks in the apartment sector.

Meanwhile, new listings eased enough relative to sales to cause inventories to ease and the amount of oversupply to come down slightly compared to last year’s levels.

According to CREB® chief economist Ann-Marie Lurie,

“Achieving more stable conditions will take time. Sales activity has been settling in at lower levels and is likely being influenced by the economic conditions and uncertainty weighing on our market. While the amount of supply in the market continues to ease, the persistent oversupply continues to weigh on prices.”

As of November, the citywide unadjusted benchmark price was $419,100. This is just below last month’s levels and two per cent lower than last year’s levels.

Market conditions continue to vary depending on price, location and product type. For example, prices have ranged from a year-to-date decline of nearly eight per cent for row product in the East district to a two per cent increase for semi-detached product in the North district.

Larger price declines are often caused by high supply in the new-home and resale markets relative to demand.

 


 

The following data is a comparison between November 2018 and November 2019 numbers, and is current as of December 2019. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – November 2019 CREB, City of Calgary Report
Download Printable Version – November 2019 CREB, Calgary Region Report

 

 

 

 

 

 

(Image from CREBnow.com)

 

 

 

Read Full Article...
INFOGRAPHICS: October 2019 CREB City And Region Market Reports
INFOGRAPHICS: October 2019 CREB City And Region Market Reports

With the winter season just on the horizon, here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

In their latest market update, CREB reports that homes under $500,000 have been moving to more balanced conditions, and that sales activity in October improved by nearly 10% compared to last year, driven mostly by improvements for apartment and attached product.

New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the move to more balanced conditions, the market remains oversupplied and prices continue to remain below last year’s levels.

According to CREB® chief economist Ann-Marie Lurie,

 

“Employment has shifted in the city, with job growth occurring in our non-traditional sectors and often at a different pay scale. This is consistent with the shift to more affordable housing product. However, at the higher end of the market the amount of oversupply is rising, as supply cannot shift enough to compensate for the reductions in demand. This is likely causing divergent trends in pricing and preventing prices from stabilizing across the city.”

 

This is a market where signs of improvement are not consistent across all product types and price ranges. Improvements in sales are occurring in the lower price ranges across all product types. This is not yet translating into price shifts, as persistently elevated supply levels continue to place downward pressure on prices.

 


 

The following data is a comparison between October 2018 and October 2019 numbers, and is current as of November 2019. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – October 2019 CREB, City of Calgary Report
Download Printable Version – October 2019 CREB, Calgary Region Report

 

 

 

 

 

(Image from CREBnow.com)

 

 

Read Full Article...
INFOGRAPHICS: September 2019 CREB City And Region Market Reports
INFOGRAPHICS: September 2019 CREB City And Region Market Reports

Calgary agents, are you ready for the last quarter of the year? Here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

As noted in their latest market report, the CREB market appears to be shifting to stability, as for the third consecutive month, sales activity improved over last year’s figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market.

“Price declines have likely brought some buyers back into the market,” said CREB® chief economist Ann-Marie Lurie, noting improvements in the market continue to be driven by homes priced below $500,000.

In the condominium apartment market, sales improved by 16% this month. This represents the segment’s best September since 2015. Year-to-date growth in both the attached and apartment sector were enough to offset the modest decline in the detached sector resulting in year-to-date sales growth of nearly one% in the city.

Despite improving sales and reductions in inventory, the overall market remains oversupplied. This continues to weigh on prices.

“While housing demand is modestly improving, sales activity remains relatively weak,” said Lurie. “The market is moving toward more stable conditions, but this is mostly related to supply adjustments in the city.”

September inventory levels are still elevated at 6,889 units, but this figure represents a decline of 13% compared to last year. The months of supply in the Calgary market currently sits at five months. These conditions continue to favour the buyer, but not to the same degree seen at this time last year.

 


 

The following data is a comparison between September 2018 and September 2019 numbers, and is current as of October 2019. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – September 2019 CREB, City of Calgary Report
Download Printable Version – September 2019 CREB, Calgary Region Report

 

 

 

 

(Image from CREBnow.com)

 

 

 

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos 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. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.