October 2011

calgary regional housing market statistics

Calgarys Housing Market Set to Outpace 2010

Several Calgary Communities Get a Boost in Sales and Price

Calgary, November 1, 2011 According to figures released today by CREB
(Calgary Real Estate Board), Calgary residential sales totaled 16,184 after
the first 10 months of the year, an increase of eight per cent over last year.
Over 61 per cent of Calgarys established communities saw increased sales
levels compared to last year. Garrison Woods, Collingwood and Mahogany
saw the largest sales increase at 170 per cent combined; nearly half of all
Calgary communities recorded price increases, with Shaganappi, Chinook
Park and Downtown leading the way with a combined average price
increase of 55 per cent.

A boost in full time jobs throughout the year is gradually translating

into improved sales in the real estate sector, says Sano Stante, president
of CREB. Consumers are taking advantage of price stability and a
healthy variety of selection. While these gains are moderate, we are set
to outpace 2010 sales.
Single family home sales totaled 988 for the month of October 2011,
an 11 per cent increase over October 2010, but continue to remain well
below historical levels. Year-to-date sales totaled 11,503, a 10 per cent
increase over last year.
October listings have edged upwards over last years levels, increasing
by nearly two per cent, but year-to-date there are six per cent less
listings than levels recorded last year.
Consumers are feeling more confident about the local real estate
market, adds Stante.
The average price of single family homes for the month of October 2011
was $455,399, while the median price was $395,000, an increase of two
per cent compared to last year. This is primarily due to the rise in the
number of luxury homes sales. Despite the monthly price increase,
however, year-to-date figures remained stable at levels comparable to
the previous year.
Condominium sales for the first 10 months of the year totaled 4,681,
a three per cent rise over the same period last year. Inventory levels
remained at 1,935 units, resulting in months of supply pushing above
five months.
The condominium market has significantly tightened compared to last
year, however, moving into winter, we expect to see a rise in months of
supply, Stante says.
Condominium year-to-date average and median prices in 2011 were
$288,736 and $262,500, respectively, a slight decline over the first 10
months of 2010. The decline is mostly due to increased sales in units
priced under $200,000.

Top 10 Established Communities

Price Increases
Shaganappi-025
Chinook Park-117
Downtown-001
Elboya-103
Scarboro-011
Lower Mount Royal-010
St Andrews Heights-413
Lakeview Village-033
Windsor Park-107
Rosedale-406
Sale Increases

%Change
139.58%
34.02%
33.63%
32.61%
31.63%
28.00%
23.22%
21.31%
21.14%
21.06%
%Change

220.00%
Collingwood-418
150.00%
Mahogany-375
100.00%
Mayfair-111
100.00%
Roxboro-100
88.89%
Vista Heights-605
85.00%
Hanson Ranch-517
84.00%
Sage Hill-526
79.59%
Shawnee Slopes_Evergreen Est-151
78.57%
North Haven-500
77.78%
Pump Hill-131

Overall, the resale housing market continues to

show signs of improvement and, with no near term
change in interest rates, we can expect the market
will continue to see moderate and stable growth
throughout the rest of the year, Stante concludes.
About CREB
CREB is a professional body of more than 5,100 licensed brokers
and registered associates, representing 241 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 - TOTAL MLS

Oct-11

Oct-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

4,486
1,797
988
52
455,399
395,000

4,528
1,762
887
51
444,936
389,000

-0.93%
1.99%
11.39%
2.21%
2.35%
1.54%

n/a
22,202
11,503
45
466,844
407,000

n/a
23,639
10,468
41
462,987
409,000

n/a
-6.08%
9.89%
9.76%
0.83%
-0.49%

CONDOMINIUM (Calgary Metro)

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

1,935
757
368
57
282,903
262,625

2,042
723
307
58
287,808
256,500

-5.24%
4.70%
19.87%
-1.30%
-1.70%
2.39%

n/a
9,135
4,681
53
288,736
262,500

n/a
10,421
4,548
47
290,740
268,000

n/a
-12.34%
2.92%
12.77%
-0.69%
-2.05%

TOWNS (Outside Calgary)

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

2,793
700
298
83
363,180
345,000

2,361
613
230
83
358,839
329,700

18.30%
14.19%
29.57%
-0.59%
1.21%
4.64%

n/a
8,372
3,248
78
355,504
334,000

n/a
7,955
3,116
70
362,726
335,000

n/a
5.24%
4.24%
11.43%
-1.99%
-0.30%

COUNTRY RESIDENTIAL (Acreages)

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

1,032
173
57
109
705,666
657,500

949
169
55
101
664,229
565,000

8.75%
2.37%
3.64%
7.55%
6.24%
16.37%

n/a
2,414
587
103
811,205
745,000

n/a
2,216
528
89
824,540
733,000

n/a
8.94%
11.17%
15.73%
-1.62%
1.64%

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

642
76
21
196
371,614
400,000

491
78
25
185
425,999
295,000

30.75%
-2.56%
-16.00%
6.15%
-12.77%
35.59%

n/a
979
166
126
456,016
360,000

n/a
928
190
134
407,753
332,500

n/a
5.50%
-12.63%
-5.97%
11.84%
8.27%

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

11,064
3,540
1,740
62
408,530
360,000

10,473
3,373
1,519
61
403,994
359,000

5.64%
4.95%
14.55%
1.57%
1.12%
0.28%

n/a
43,503
20,300
55
415,710
363,500

n/a
45,609
19,000
50
411,775
362,000

n/a
-4.62%
6.84%
10.00%
0.96%
0.41%

*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

Oct-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

988

0.00%
1.42%
16.09%
16.50%
17.31%
13.66%
9.72%
6.28%
3.44%
3.14%
2.23%
3.24%
2.53%
1.11%
1.42%
1.01%
0.40%
0.10%
0.40%
0.00%
0.00%
0.00%
0.00%
100.00%

2
84
159
46
29
20
13
3
3
5
1
1
1
1
-

0.54%
22.83%
43.21%
12.50%
7.88%
5.43%
3.53%
0.82%
0.82%
1.36%
0.27%
0.00%
0.00%
0.27%
0.27%
0.00%
0.00%
0.00%
0.27%
0.00%
0.00%
0.00%
0.00%

14
159
163
171
135
96
62
34
31
22
32
25
11
14
10
4
1
4
-

Oct-10
Y.T.D.
1
141
1,486
1,866
2,012
1,662
1,156
756
537
394
336
406
259
119
155
103
33
33
25
18
3
2
-

11,503

0.01%
1.23%
12.92%
16.22%
17.49%
14.45%
10.05%
6.57%
4.67%
3.43%
2.92%
3.53%
2.25%
1.03%
1.35%
0.90%
0.29%
0.29%
0.22%
0.16%
0.03%
0.02%
0.00%
100.00%

46
963
2,005
656
437
184
152
61
45
33
28
22
21
4
11
9
1
1
1
1

0.98%
20.57%
42.83%
14.01%
9.34%
3.93%
3.25%
1.30%
0.96%
0.70%
0.60%
0.47%
0.45%
0.09%
0.23%
0.19%
0.02%
0.00%
0.02%
0.02%
0.00%
0.00%
0.02%

Month
1
8
135
158
173
140
78
43
33
25
19
23
18
8
13
5
3
3
1

Y.T.D.

887

0.11%
0.90%
15.22%
17.81%
19.50%
15.78%
8.79%
4.85%
3.72%
2.82%
2.14%
2.59%
2.03%
0.90%
1.47%
0.56%
0.34%
0.34%
0.00%
0.00%
0.00%
0.00%
0.11%
100.00%

2
93
1,235
1,739
1,869
1,647
1,096
714
511
349
275
319
201
118
135
75
36
19
21
10
1
3

10,468

0.02%
0.89%
11.80%
16.61%
17.85%
15.73%
10.47%
6.82%
4.88%
3.33%
2.63%
3.05%
1.92%
1.13%
1.29%
0.72%
0.34%
0.18%
0.20%
0.10%
0.00%
0.01%
0.03%
100.00%

6
57
145
34
23
10
15
4
3
2
2
1
2
1
1
1
-

1.95%
18.57%
47.23%
11.07%
7.49%
3.26%
4.89%
1.30%
0.98%
0.65%
0.65%
0.33%
0.65%
0.33%
0.33%
0.33%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

31
699
2,153
740
409
197
106
54
46
37
17
18
16
9
10
5
1
-

0.68%
15.37%
47.34%
16.27%
8.99%
4.33%
2.33%
1.19%
1.01%
0.81%
0.37%
0.40%
0.35%
0.20%
0.22%
0.11%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%

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

368

4,681

307

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

4,548

CREB TOWN AND COUNTRY BY PRICE CATEGORY

Oct-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

6
35
63
51
55
34
15
11
9
2
5
4
1
5
1
1
-

298

2.01%
11.74%
21.14%
17.11%
18.46%
11.41%
5.03%
3.69%
3.02%
0.67%
1.68%
1.34%
0.34%
1.68%
0.00%
0.34%
0.00%
0.00%
0.34%
0.00%
0.00%
0.00%
0.00%
100.00%

Oct-10
Y.T.D.
68
362
811
579
489
368
184
115
67
33
45
40
26
22
17
16
3
2
1
-

3,248

2.09%
11.15%
24.97%
17.83%
15.06%
11.33%
5.67%
3.54%
2.06%
1.02%
1.39%
1.23%
0.80%
0.68%
0.52%
0.49%
0.09%
0.00%
0.06%
0.03%
0.00%
0.00%
0.00%
100.00%

1
18
41
17
23
23
19
24
36
30
35
62
66
44
78
29
13
8
12
6
2
-

0.17%
3.07%
6.98%
2.90%
3.92%
3.92%
3.24%
4.09%
6.13%
5.11%
5.96%
10.56%
11.24%
7.50%
13.29%
4.94%
2.21%
1.36%
2.04%
1.02%
0.34%
0.00%
0.00%

Month
6
22
59
40
33
26
18
8
3
2
2
4
2
1
1
2
1
-

230

Y.T.D.

2.61%
9.57%
25.65%
17.39%
14.35%
11.30%
7.83%
3.48%
1.30%
0.87%
0.87%
1.74%
0.87%
0.43%
0.43%
0.87%
0.43%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

65
317
758
548
476
344
187
133
65
52
35
45
30
23
16
12
5
2
3
-

3,116

2.09%
10.17%
24.33%
17.59%
15.28%
11.04%
6.00%
4.27%
2.09%
1.67%
1.12%
1.44%
0.96%
0.74%
0.51%
0.39%
0.16%
0.06%
0.10%
0.00%
0.00%
0.00%
0.00%
100.00%

3.64%
3.64%
5.45%
5.45%
7.27%
3.64%
5.45%
10.91%
10.91%
5.45%
7.27%
9.09%
7.27%
3.64%
3.64%
3.64%
1.82%
0.00%
0.00%
0.00%
0.00%
0.00%
1.82%

5
11
23
21
16
12
32
20
27
32
30
64
69
38
50
37
17
9
9
4
1
1

0.95%
2.08%
4.36%
3.98%
3.03%
2.27%
6.06%
3.79%
5.11%
6.06%
5.68%
12.12%
13.07%
7.20%
9.47%
7.01%
3.22%
1.70%
1.70%
0.76%
0.00%
0.19%
0.19%

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
5
2
3
2
3
1
5
6
5
4
8
5
4
2
1
-

57

0.00%
1.75%
8.77%
3.51%
5.26%
3.51%
5.26%
1.75%
8.77%
10.53%
8.77%
7.02%
14.04%
8.77%
7.02%
3.51%
0.00%
0.00%
0.00%
1.75%
0.00%
0.00%
0.00%

587

2
2
3
3
4
2
3
6
6
3
4
5
4
2
2
2
1
1

55

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

528

CREB
CALGARY METRO
SINGLE FAMILY BY STYLE
October 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

3
101
357
11
2
3
81
14
71
8
19
873
10
8
2

2
43
161
4
1
1
32
6
28
2
5
363
4
1
2

1
20
77
3
0
0
19
1
24
0
7
175
3
0
2

350,000
369,749
448,527
506,633

350,000
7,394,975
34,536,607
1,519,900

350,000
342,000
420,000
580,000

51
34
54
69

97.25%
97.40%
96.91%
97.19%

568,111
375,000
386,892

10,794,100
375,000
9,285,400

550,000
375,000
375,000

64
24
63

97.24%
96.18%
96.42%

404,271
519,311
640,667

2,829,900
90,879,340
1,922,000

414,900
445,000
740,000

34
46
32

95.43%
96.75%
95.64%

452,500

905,000

410,000

44

96.30%

7
105
180
11
14
86
2
273

1
42
73
4
5
23
0
96

2
37
53
3
2
15
0
55

255,250
278,927
263,077
336,667
256,250
275,267

510,500
10,320,290
13,943,100
1,010,000
512,500
4,129,000

242,500
280,000
255,000
305,000
235,000
278,500

60
61
52
67
126
65

97.28%
96.00%
96.34%
95.53%
95.83%
95.55%

303,645

16,700,500

290,000

51

96.29%

9
44
299
11
1
1
53
11
70
12
22
734
8
33
6

2
17
143
3
0
0
20
6
22
2
7
254
1
5
2

0
11
72
1
0
0
17
0
16
1
5
155
1
1
3

349,318
458,415
437,700

3,842,500
33,005,850
437,700

330,000
415,000
437,700

43 96.79%
46 97.07%
18 100.00%

555,118

9,437,000

423,500

46

98.08%

439,656
659,500
650,900
604,841
900,000
2,100,000
597,667

7,034,500
659,500
3,254,500
93,750,325
900,000
2,100,000
1,793,000

382,000
659,500
720,000
515,000
900,000
2,100,000
639,000

60
64
152
49
41
37
22

95.66%
94.48%
96.10%
96.42%
97.31%
91.34%
98.31%

BK-SP
7
4
1
1,040,000
1,040,000
1,040,000
BLEVL
41
19
10
332,810
3,328,100
330,600
BUNG
157
71
60
378,785
22,727,088
353,000
BUNGH
2
2
0
SPLT2
43
20
13
624,077
8,113,000
540,000
SPLT3
8
2
1
295,000
295,000
295,000
SPLT4
33
15
10
421,850
4,218,500
375,000
SPLT5
1
0
0
ST1.5
6
2
1
239,000
239,000
239,000
ST2
525
245
102
415,792
42,410,802
387,000
ST2.5
1
3
0
ST3
2
1
0
VILLA
3
2
0
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.

25
48
56

96.31%
96.20%
97.17%

60
53
45

95.11%
98.37%
96.43%

49
54

97.75%
97.15%

NE
BK-SP
BLEVL
BUNG
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

CREB
CALGARY METRO
CONDOMINIUM BY STYLE
October 2011
Style
NW
APART
APRTM
BLEVL
BUNG
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST2
ST3
VILLA
NE
APART
APRTM
BLEVL
BUNG
SPLT2
SPLT3
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
BUNGH
BUNGS
SPLT2
SPLT4
SPLT5
ST2
ST2.5
ST3
VILLA

Listings Added Sales

Inventory

Avg Price

Total Sales Median Price Avg DOM S$/L$

268
6
17
24
1
1
4
1
15
1
141
21
3
1921

93
3
4
15
1
0
1
0
6
1
69
10
0
755

49
1
0
3
0
1
1
1
4
2
29
2
0
365

249,222
327,000

12,211,873
327,000

245,000
327,000

52 96.10%
38 97.90%

279,267

837,800

285,000

28 96.55%

260,000
206,500
235,000
314,625
413,000
294,953
567,500

260,000
206,500
235,000
1,258,500
826,000
8,553,650
1,135,000

260,000
206,500
235,000
281,500
355,000
285,000
450,000

40
61
21
64
32
58
45

62
4
4
9
2
0
2
59
0
1
2

17
1
0
4
1
0
1
23
0
1
1

13
0
1
2
0
0
1
14
1
0
0

170,723

2,219,400

165,000

74 94.63%

105,000
207,500

105,000
415,000

105,000
155,000

34 81.40%
97 94.77%

165,000
162,296
151,000

165,000
2,272,150
151,000

165,000
152,000
151,000

10 94.34%
47 95.86%
71 95.03%

716
28
1
6
30
0
18
13
1
2
15
3
2
198
2
40
15

296
13
0
1
13
0
4
3
0
2
7
2
1
71
1
12
7

130
4
0
3
6
1
2
2
2
2
0
1
0
38
1
3
3

279,885
698,625

36,385,048
2,794,500

256,000
272,000

61 95.73%
42 97.47%

135,067
286,667
429,000
274,500
655,000
322,500
365,750

405,200
1,720,000
429,000
549,000
1,310,000
645,000
731,500

135,000
235,000
429,000
230,000
410,000
315,000
320,000

410,000

410,000

410,000

87 97.64%

322,756
410,000
451,333
448,667

12,264,741
410,000
1,354,000
1,346,000

290,000
410,000
485,000
449,000

54
38
28
23

90
2
3
8
0
0
2
3
1
66
1
3
2

32
1
1
4
0
0
0
2
1
26
0
1
0

12
0
0
4
0
0
0
3
0
22
0
1
0

245,375

2,944,500

247,000

57 96.95%

302,500

1,210,000

303,000

31 97.65%

436,300

1,308,900

449,900

37 97.88%

277,043

6,094,950

265,000

54 98.06%

342,000

342,000

342,000

32 97.71%

19
52
15
19
104
82
90

97.05%
98.38%
94.04%
96.16%
97.49%
96.72%
95.47%

96.27%
96.72%
97.52%
98.97%
95.63%
96.28%
97.17%

96.93%
96.49%
97.85%
98.33%

CREB - COMMERCIAL SUMMARY

Year to Date
31-Oct-11
Sold or
Leased

Avg Price or
Lse / M2

Type

Sold or
Leased

BUS
IND
OFC

L
L
L

1
22
18

4.49
8.82
13.34

44
81
112

RET
AGR
BUS
BWP
IND

L
S
S
S
S

16
12
70
18
28

16
881,917
90,019
867,538
700,967

LAN
MFC
OFC
RET

S
S
S
S

11
28
19
28

1,053,500
1,122,036
804,852
556,329

Avg DOM

Total Sales

SP / LP

189
102
123
194
144

10,583,000
6,301,349
15,615,690
18,926,100

92.42%
81.05%
87.30%
87.08%

132
67
113
152

10,535,000
31,417,000
15,292,190
13,351,900

81.15%
93.08%
83.37%
90.05%

Avg DOM

Total Sales

SP / LP

36,801,000
5,717,408
7,179,000
22,603,763

87.21%
81.66%
89.55%
92.64%

29,551,300
9,985,000
11,561,590
9,058,935

90.14%
93.92%
88.52%
89.59%

Year to Date
31-Oct-10
Type

BWP
IND
OFC
RET
AGR
BUS
BWP
IND
LAN
MFC
OFC
RET

Leased

L
L
L
L
S
S
S
S
S
S
S
S

Leased

Lse / M2

1
13
16
6
17
63
14
45
30
12
19
19

8.611
9.4051
13.78025
19
2,164,765
90,753
512,786
513,722
985,043
832,083
608,505
476,786

28
103
113
115
114
108
166
105
166
86
124
74

CREB TOTAL MLS

Sales
Inventory
Avg Sale Price

$500,000

Median Sale Price

20,000

$450,000

424,871
428,458

409,579

18,000

403,994
390,124

411,295

419,652

424,298

401,941

367,000

16,000

359,000

360,000

369,000

344,900

360,000

408,530

408,687

$400,000

411,786

410,063

370,633

360,000

360,000

365,000

360,000

370,000

$350,000

350,000

# Sales/Inventory

14,000
$300,000
12,000

11971

11938

11650

11885

11784
11064

10855

10473

$250,000

10043

10,000

9439
8929

$200,000

8070

8,000

7189

$150,000

6,000

$100,000

4,000
1964

2,000

1519

1495

1283

2344

2173

2308

2506
2047

1993

1884

Aug-11

Sep-11

1341

1740

$50,000
$0

Oct-10

Nov-10 Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Oct-11

Average/Median Sales Price

22,000

CREB ABSORPTION RATE

TOTAL MLS

12

10
30

10
8
6
4

Balanced Market
2
0
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 Aug-11 Oct-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
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 Aug-11 Oct-11

CREB TOTAL MLS

New Listings

7,000

10
30

Sales

6,000
5,000
4,000
3,000
2,000
1,000
0
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 Aug-11 Oct-11

CREB TOTAL MLS INVENTORY AS OF

MONTH END
20,000
18,000
16,000
14,000

10,473

11,064

12,000
10,000
8,000
6,000
4,000
2,000
0
Oct-10

Oct-11