september 2011

calgary regional housing market statistics

HOMEBUYERS CONFIDENCE HOLDS STEADY DESPITE
GLOBAL TURMOIL

Sales gain momentum in the first three quarters of 2011

Calgary, October 3, 2011 According to figures released today by CREB
(Calgary Real Estate Board), residential sales continued to gain momentum
in Calgary this year, totaling 14,832 after the first three quarters, a seven per
cent per cent rise over last year.
Despite recent turmoil in the global economy, Calgarians are showing
confidence in the long term prospects for the city and are taking advantage
of affordable and stable home prices, says Bob Jablonski, president-elect
of CREB.
Undoubtedly, there are a lot of unknowns in the worlds current financial
situation, but Calgary and Alberta may be relatively safe havens amidst
this uncertainty. Granted, gains in the housing market have been very
gradualbut we are seeing signs of improvements. Our provinces growth
is expected to outperform the national average, and this will help buoy
consumer confidence in Calgary and Alberta.
Single family home sales totaled 1,036 for the month of September, 2011,
an eight per cent increase over last September. Year-to-date sales totaled
10,518 units a 10 per cent increase over last year. Monthly gains in listings
brings inventory to 4,753 units, a level still lower than the previous year.
Clearly there is a market for well priced listings. In particular, we are
seeing strength in detached single family home sales. Relative affordability
in this market has meant these homes are selling faster than condominiums
and townhouses, says Jablonski.
And single family homes are selling closer to asking pricesuggesting that
homes will move in this market, when priced right, added Jablonski.
The average price of single family homes for the month of September, 2011
was $466,167, while the median price was $400,000. Jablonski indicated
that while prices have marginally improved compared to September 2010
figures, on a year-to-date bases both the average price and median price
have remained relatively stable.
After the first three quarters of this year, condominium sales totaled
4,314, a two per cent rise over the same period last year. While the
increase is modest, it is a move in the right direction, noted Jablonski,
adding that a boost in condominium sales, along with a lower number of
listings is helping to tighten this market. At the end of September, 2011,
condominium inventories totaled 2,008 units compared to 2,204 units
recorded in September 2010.
Average condominium prices reached $299,508 in September, 2011,
appearing to record a significant increase. However, the increase in price
is not caused by a general price rise, but has been pushed up by a $4 million
plus sale. In fact, both the median price of $260,000 and the year-to-date
figures continue to trend lower than figures recorded last year.
The recent news of financial turmoil may be a shot across the bow for the
world economy, but Calgary and Alberta are relatively safe harbours in the
storm, concludes Jablonski.

City of Calgary Single Family and Condominium Sales

CITY OF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATE

City of Calgary Average Days on Market Year to Date 2011

CITY OF CALGARY AVERAGE DAYS ON MARKET YEAR TO DATE 2011
56

52

48

44

40

Det ached
DOM

Apartment

Row/Townhouse
Source: CREB

Calgary continues to add full-time jobs to the economy,

and migration is moving in the right direction. These
are positive factors that will give momentum to our
housing market and give wind to the sails of Calgarys
economy.
About CREB
CREB is a professional body of more than 5,000 licensed brokers and
registered associates, representing 248 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.
For Calgary Metro, CREB statistics include only Zone A, B, C, and D for
properties located in Calgary. Furthermore all historical data has been
adjusted to the most current information.
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 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.

CREB - TOTAL MLS

Sep-11

Sep-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

4,753
2,327
1,036
48
466,167
400,000

4,880
2,252
957
53
460,329
390,000

-2.60%
3.33%
8.25%
-9.21%
1.27%
2.56%

n/a
20,406
10,518
45
467,907
408,000

n/a
21,877
9,581
40
464,658
410,000

n/a
-6.72%
9.78%
12.50%
0.70%
-0.49%

CONDOMINIUM (Calgary Metro)

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

2,008
900
429
58
299,508
260,000

2,204
920
366
57
284,028
265,000

-8.89%
-2.17%
17.21%
0.72%
5.45%
-1.89%

n/a
8,379
4,314
53
289,256
262,500

n/a
9,698
4,241
46
290,953
268,500

n/a
-13.60%
1.72%
15.22%
-0.58%
-2.23%

TOWNS (Outside Calgary)

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

3,000
729
314
88
365,612
345,000

2,546
670
271
89
363,507
339,000

17.83%
8.81%
15.87%
-0.41%
0.58%
1.77%

n/a
7,686
2,950
78
354,728
332,000

n/a
7,342
2,886
69
363,036
336,900

n/a
4.69%
2.22%
13.04%
-2.29%
-1.45%

COUNTRY RESIDENTIAL (Acreages)

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

1,123
228
70
122
770,822
666,500

1,070
174
48
86
740,890
700,000

4.95%
31.03%
45.83%
41.81%
4.04%
-4.79%

n/a
2,238
530
102
822,556
750,000

n/a
2,047
473
88
843,180
755,000

n/a
9.33%
12.05%
15.91%
-2.45%
-0.66%

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

705
66
22
117
413,568
299,750

536
53
17
117
425,241
321,300

31.53%
24.53%
29.41%
-0.40%
-2.75%
-6.71%

n/a
905
145
116
468,240
360,000

n/a
850
165
126
404,989
335,000

n/a
6.47%
-12.12%
-7.94%
15.62%
7.46%

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

11,784
4,283
1,885
61
419,632
365,000

11,349
4,104
1,672
62
410,707
355,000

3.83%
4.36%
12.74%
-1.20%
2.17%
2.82%

n/a
39,980
18,564
54
416,383
364,000

n/a
42,236
17,481
49
412,451
362,000

n/a
-5.34%
6.20%
10.20%
0.95%
0.55%

*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

Sep-11
Month

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

1,036

0.00%
0.87%
15.25%
16.60%
16.70%
14.77%
8.20%
5.60%
4.44%
3.57%
3.67%
3.67%
1.74%
1.06%
1.83%
1.25%
0.39%
0.00%
0.00%
0.39%
0.00%
0.00%
0.00%
100.00%

3
86
184
53
37
17
15
8
8
6
1
3
2
2
2
2
-

0.70%
20.05%
42.89%
12.35%
8.62%
3.96%
3.50%
1.86%
1.86%
1.40%
0.23%
0.70%
0.47%
0.47%
0.47%
0.47%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

9
158
172
173
153
85
58
46
37
38
38
18
11
19
13
4
4
-

Sep-10
Y.T.D.
1
127
1,327
1,703
1,843
1,527
1,060
695
503
363
314
374
234
108
141
93
29
32
21
18
3
2
-

Month

10,518

0.01%
1.21%
12.62%
16.19%
17.52%
14.52%
10.08%
6.61%
4.78%
3.45%
2.99%
3.56%
2.22%
1.03%
1.34%
0.88%
0.28%
0.30%
0.20%
0.17%
0.03%
0.02%
0.00%
100.00%

44
879
1,846
610
409
164
139
58
42
28
27
22
21
3
10
9
1
1
1

1.02%
20.38%
42.79%
14.14%
9.48%
3.80%
3.22%
1.34%
0.97%
0.65%
0.63%
0.51%
0.49%
0.07%
0.23%
0.21%
0.02%
0.00%
0.00%
0.02%
0.00%
0.00%
0.02%

Y.T.D.

957

0.00%
1.99%
13.17%
19.54%
18.39%
13.69%
9.20%
6.27%
4.39%
2.19%
2.30%
2.19%
1.46%
1.67%
0.94%
1.04%
0.63%
0.42%
0.21%
0.21%
0.00%
0.10%
0.00%
100.00%

9,581

0.01%
0.89%
11.48%
16.50%
17.70%
15.73%
10.63%
7.00%
4.99%
3.38%
2.67%
3.09%
1.91%
1.15%
1.27%
0.73%
0.34%
0.17%
0.22%
0.10%
0.00%
0.01%
0.02%
100.00%

4
67
173
49
37
14
8
2
1
5
2
1
2
1
-

1.09%
18.31%
47.27%
13.39%
10.11%
3.83%
2.19%
0.55%
0.27%
1.37%
0.55%
0.27%
0.55%
0.00%
0.27%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

25
642
2,008
706
386
187
91
50
43
35
15
17
14
8
9
4
1
-

0.59%
15.14%
47.35%
16.65%
9.10%
4.41%
2.15%
1.18%
1.01%
0.83%
0.35%
0.40%
0.33%
0.19%
0.21%
0.09%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%

19
126
187
176
131
88
60
42
21
22
21
14
16
9
10
6
4
2
2
1
-

1
85
1,100
1,581
1,696
1,507
1,018
671
478
324
256
296
183
110
122
70
33
16
21
10
1
2

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

429

4,314

366

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

4,241

CREB TOWN AND COUNTRY BY PRICE CATEGORY

Sep-11
Month

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

8
32
66
55
52
47
13
12
5
8
2
7
4
1
2
-

314

2.55%
10.19%
21.02%
17.52%
16.56%
14.97%
4.14%
3.82%
1.59%
2.55%
0.64%
2.23%
1.27%
0.00%
0.00%
0.32%
0.64%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

Sep-10
Y.T.D.
62
327
748
528
434
334
169
104
58
31
40
36
25
17
17
15
3
1
1
-

2,950

2.10%
11.08%
25.36%
17.90%
14.71%
11.32%
5.73%
3.53%
1.97%
1.05%
1.36%
1.22%
0.85%
0.58%
0.58%
0.51%
0.10%
0.00%
0.03%
0.03%
0.00%
0.00%
0.00%
100.00%

1
17
36
15
20
21
16
23
31
24
30
58
58
39
74
27
13
8
12
5
2
-

0.19%
3.21%
6.79%
2.83%
3.77%
3.96%
3.02%
4.34%
5.85%
4.53%
5.66%
10.94%
10.94%
7.36%
13.96%
5.09%
2.45%
1.51%
2.26%
0.94%
0.38%
0.00%
0.00%

Month
4
22
69
49
39
36
20
6
7
4
5
2
3
2
2
1
-

271

Y.T.D.

1.48%
8.12%
25.46%
18.08%
14.39%
13.28%
7.38%
2.21%
2.58%
1.48%
1.85%
0.74%
1.11%
0.74%
0.74%
0.37%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

59
295
699
508
443
318
169
125
62
50
33
41
28
22
15
10
4
2
3
-

2,886

2.04%
10.22%
24.22%
17.60%
15.35%
11.02%
5.86%
4.33%
2.15%
1.73%
1.14%
1.42%
0.97%
0.76%
0.52%
0.35%
0.14%
0.07%
0.10%
0.00%
0.00%
0.00%
0.00%
100.00%

4.17%
0.00%
8.33%
4.17%
4.17%
0.00%
6.25%
6.25%
2.08%
10.42%
2.08%
14.58%
12.50%
6.25%
8.33%
6.25%
0.00%
0.00%
4.17%
0.00%
0.00%
0.00%
0.00%

3
9
20
18
12
10
29
14
21
29
26
59
65
36
48
35
16
9
9
4
1
-

0.63%
1.90%
4.23%
3.81%
2.54%
2.11%
6.13%
2.96%
4.44%
6.13%
5.50%
12.47%
13.74%
7.61%
10.15%
7.40%
3.38%
1.90%
1.90%
0.85%
0.00%
0.21%
0.00%

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

3
3
1
2
2
6
6
5
5
5
6
6
5
7
4
1
3
-

70

0.00%
4.29%
4.29%
1.43%
2.86%
2.86%
8.57%
8.57%
7.14%
7.14%
7.14%
8.57%
8.57%
7.14%
10.00%
5.71%
1.43%
0.00%
4.29%
0.00%
0.00%
0.00%
0.00%

530

2
4
2
2
3
3
1
5
1
7
6
3
4
3
2
-

48

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

473

CREB
CALGARY METRO
SINGLE FAMILY BY STYLE
September 2011
Style

Listings Added Sales

Inventory

Avg Price

Total Sales

Median Price

Avg DOM S$/L$

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

1
104
362
12
1
2
89
10
82
7
22
906
11
11
3

2
53
196
8
1
0
41
4
43
4
14
460
6
4
1

0
27
92
4
0
0
21
2
27
2
9
199
2
1
1

6
123
222
1
13
13
91
3
296

2
59
85
1
6
6
37
2
128

7
51
324
14
1
1
61
13
76
15
25
791
12
33
12

7
23
172
5
0
0
37
3
31
5
8
395
6
14
8

365,074
440,569
344,625

9,856,988
40,532,350
1,378,500

336,000
389,900
345,000

48 96.49%
35 96.82%
92 95.76%

519,814
303,050
406,815
773,500
380,728
502,028
2,072,500
742,500
525,000

10,916,100
606,100
10,984,000
1,547,000
3,426,555
99,903,519
4,145,000
742,500
525,000

470,800
295,000
373,000
527,000
359,000
440,000
1,505,000
742,500
525,000

2
27
44
0
6
2
17
1
50

288,000
264,863
274,789

576,000
7,151,300
12,090,720

240,000
267,000
263,000

30 97.17%
39 95.68%
49 96.00%

377,400
231,000
286,547
420,000
282,122

2,264,400
462,000
4,871,300
420,000
14,106,099

305,000
191,000
280,000
420,000
262,900

38
24
71
11
57

96.58%
98.34%
95.97%
97.70%
96.43%

5
12
70
2
0
0
16
1
15
2
5
145
1
1
5

325,578
354,692
492,847
902,500

1,627,888
4,256,300
34,499,300
1,805,000

320,000
320,000
430,000
555,000

37
43
39
122

97.44%
96.69%
96.55%
92.19%

696,813
484,000
385,183
510,000
1,002,500
631,197
690,000
875,000
568,061

11,149,000
484,000
5,777,750
1,020,000
5,012,500
91,523,605
690,000
875,000
2,840,306

640,000
484,000
365,000
405,000
765,000
542,500
690,000
875,000
520,000

34
43
38
120
54
49
14
222
37

97.25%
96.99%
97.03%
96.69%
92.15%
96.62%
96.50%
97.67%
98.49%

BK-SP
4
4
1
356,275
356,275
356,275
BLEVL
41
17
14
340,214
4,763,000
340,000
BUNG
188
97
44
484,250
21,307,000
402,500
BUNGH
1
0
1
610,000
610,000
610,000
SPLT2
52
27
7
547,929
3,835,500
435,500
SPLT3
5
3
0
SPLT4
36
20
13
370,673
4,818,750
376,500
SPLT5
2
0
0
ST1.5
5
2
1
460,000
460,000
460,000
ST2
488
243
136
420,215
57,149,291
390,000
ST3
3
0
0
VILLA
1
1
1
500,000
500,000
500,000
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.

17
57
47
78
62

97.64%
96.60%
96.01%
98.40%
98.01%

40
31
45
54
38
46
63
57
22

96.62%
98.58%
97.01%
90.26%
96.32%
97.47%
94.20%
97.07%
97.24%

NE
BK-SP
BLEVL
BUNG
BUNGS
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

67 96.68%
79 93.31%
56 97.44%
8 98.04%

CREB
CALGARY METRO
CONDOMINIUM BY STYLE
September 2011
Style
NW
APART
APRTM
BLEVL
BUNG
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST2
ST3
VILLA
NE
APART
APRTM
BLEVL
BUNG
SPLT2
SPLT4
ST2
ST2.5
ST3
VILLA
SW
APART
APRTM
BK-SP
BLEVL
BUNG
BUNGS
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA
SE
APART
APRTM
BLEVL
BUNG
SPLT2
SPLT4
SPLT5
ST2
ST2.5
ST3
VILLA

Listings Added Sales

Inventory

Avg Price

Total Sales Median Price Avg DOM S$/L$

273
11
16
23
2
3
3
17
1
141
16
3

134
3
5
13
2
1
1
8
1
65
9
4

42
0
1
9
0
1
1
4
0
34
4
3

233,214

9,795,000

220,000

55 95.81%

198,500
301,972

198,500
2,717,750

198,500
320,000

36 93.19%
37 98.29%

322,500
368,000
309,750

322,500
368,000
1,239,000

322,500
368,000
290,000

18 97.76%
145 98.19%
47 96.65%

282,324
384,625
420,000

9,599,000
1,538,500
1,260,000

270,000
337,500
450,000

51 96.37%
56 98.14%
32 96.64%

80
3
6
8
2
4
79
1
3
1

21
1
5
3
0
1
25
0
0
1

8
0
2
1
0
1
13
0
2
0

165,300

1,322,400

155,000

100 95.72%

145,000
218,000

290,000
218,000

140,000
218,000

21 96.73%
110 94.78%

187,000
183,300

187,000
2,382,900

187,000
185,000

94 93.50%
48 95.96%

206,450

412,900

143,000

36 96.07%

721
22
1
11
29
1
22
17
3
2
12
4
1
220
2
43
12

321
8
0
8
13
1
6
4
1
0
6
1
0
107
2
19
7

154
8
0
3
4
1
3
3
1
0
12
2
0
47
3
9
6

287,645
312,125

44,297,286
2,497,000

250,000
316,500

58 95.87%
56 97.56%

275,000
377,875
490,000
456,667
634,000
320,000

825,000
1,511,500
490,000
1,370,000
1,902,000
320,000

310,000
292,500
490,000
425,000
560,000
320,000

304,625
343,000

3,655,500
686,000

285,000
296,000

57 97.03%
73 95.62%

346,581
418,500
794,586
461,500

16,289,291
1,255,500
7,151,270
2,769,000

306,000
347,500
875,000
390,000

50
95
62
66

82
1
2
9
2
3
0
68
1
3
2

44
0
2
4
2
1
0
26
1
3
2

15
0
0
3
0
4
1
16
0
0
1

228,667

3,430,000

225,000

55 96.31%

236,183

708,550

252,000

66 97.38%

280,250
206,500
277,925

1,121,000
206,500
4,446,807

257,000
206,500
250,000

63 96.75%
75 96.09%
51 97.34%

305,000

305,000

305,000

17 98.42%

45
31
225
75
69
37

97.41%
97.78%
96.65%
97.30%
92.79%
98.46%

97.62%
95.14%
95.89%
97.25%

CREB - COMMERCIAL SUMMARY

Year to Date
30-Sep-11
Sold or
Leased

Avg Price or
Lse / M2

Type

Sold or
Leased

BUS
IND
OFC

L
L
L

1
19
18

4.49
8.68
13.34

44
70
112

RET
AGR
BUS
BWP
IND

L
S
S
S
S

13
10
63
18
25

17
970,400
90,140
867,538
728,629

LAN
MFC
OFC
RET

S
S
S
S

11
25
17
26

1,053,500
1,151,680
833,364
579,177

Avg DOM

Total Sales

SP / LP

115
115
122
194
160

9,704,000
5,678,849
15,615,690
17,487,100

92.04%
80.62%
87.30%
86.24%

132
72
120
137

10,535,000
28,792,000
14,167,190
12,741,900

81.15%
92.89%
82.63%
90.03%

Avg DOM

Total Sales

SP / LP

32,701,000
4,884,408
5,874,000
21,159,513
28,451,300

91.61%
80.62%
88.69%
92.77%
90.98%

9,985,000
11,064,800
8,924,435

93.92%
88.22%
89.77%

Year to Date
30-Sep-10

Type

IND
OFC
RET
AGR
BUS
BWP
IND
LAN
MFC
OFC
RET

Sold or
Leased

L
L
L
S
S
S
S
S
S
S
S

Sold or
Leased

Avg Price or
Lse / M2

12
14
6
16
54
12
43
29
12
18
18

9.279
13.378214
18.568
2,043,813
90,452
489,500
503,798
981,079
832,083
614,711
495,802

106
108
115
113
107
182
102
143
86
123
78

CREB TOTAL MLS

Sales
Inventory
Avg Sale Price

22,000

$500,000

Median Sale Price

20,000

$450,000
410,063

401,941

424,871

424,278

411,833

419,632
408,673

$400,000

409,579
403,994

370,000

390,124

367,000

360,000

16,000
355,000

359,000
350,000

344,900

369,000

360,000

360,000

360,250

365,000

370,633

$350,000

# Sales/Inventory

14,000
$300,000
12,000

11349

11971

11938

11650

11885

11784

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

1672

1964
1519

1495

1283

2344

2173

2308

2507

2048

1994

1885

1341

$50,000
$0

Sep-10

Oct-10

Nov-10 Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Aug-11

Sep-11

Average/Median Sales Price

411,295

410,707

18,000

428,458

CREB ABSORPTION RATE

TOTAL MLS

12
30

10

Balanced Market
2

0
Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09

Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10

Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-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
Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11

Sep-11

CREB TOTAL MLS

New Listings

7,000

9
30

Sales

6,000
5,000
4,000
3,000
2,000
1,000
0
Sep-08 Nov-08 Jan-09 Mar-09May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11May-11 Jul-11 Sep-11

CREB TOTAL MLS INVENTORY AS OF

MONTH END
20,000
18,000
16,000

11,349

11,784

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Sep-10

Sep-11