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PHANEUF • YIP • WEENING • SIEPPERT W W W . C A L G A R Y C O N N E C T I O N . C O M
INDEPENDENTLY OWNED AND OPERATED
HELPING YOU IS WHAT WE DO™
MEDIAN PRICE
If you would like additional information, please contact your Solutions Agent
Fall is in the air. Well, maybe just a little bit… evenings are cooling off but the hot summer we have experienced in Calgary continues. And it looks like fall will bring us a few more warm evenings to enjoy!
Our Calgary Connection team has decided to establish a newsletter format for our client updates. In this newsletter, we will offer our insight into current market conditions, upcoming events and real estate subjects, keeping you informed about all aspects of real estate ownership.
September offers a lot of promise as children head back to school and summer holidays end for both home buyers and Realtors. We often find September to be a time when activity picks up and buyers find homes they are interested in. This year should
follow the same pattern, and with interest rate increases upon us, we could find more buyers looking to lock into current low interest rates before they rise too far.
The market continues to show signs of recovery. The spring market brought detached and attached homes into a more balanced market. While the apartment and row townhouses all showed signs of improvement, this market still has some ways to go before moving away from the current buyers’ market.
The chart on the back page illustrates the total sales to active inventory for all residential sales in Calgary. The average selling price as you can see has stalled out after the spring market but this is a very common pattern in our market.
As always if you have any real estate questions please feel free to contact us. We would be glad to help.
Use this QR code or go to https://goo.gl/ouoT5i toview the full August 2017 Statistic package from the Calgary Real Estate Board.
DETACHED ATTACHED$490,000
INVENTORY 3,280SALES 987D.O.M. 40
INVENTORY 1,576SALES 367D.O.M. 62
INVENTORY 1,768SALES 248D.O.M. 63
$352,500 $255,000APARTMENTS
Autumn Arrives
FALL 2017
403-685-2413
FALL 2017
Aging In Place As Canada’s population continues to skew older, more and more seniors want to remain in their homes rather than move into a retirement residence or long-term care facility. Here are some of
the top aging-in-place renovations that improve livability::
Widen doorwaysDoorways and hallways need to measure at least 32 inches across to accommodate a wheelchair or other mobility aid. Add a wheelchair rampThis modification is a must to make a home accessible for individuals that require any type of wheeled mobility aid.Install lever-style doorknobsThis is an inexpensive do-it-yourself fix that can make a big difference in terms of accessibility.Install slip-resistant flooringVinyl, linoleum, bamboo and cork are popular flooring options that provide a bit more traction, while the softer materials are also less damaging in the case of a fall.Improve lightingUse task lighting to increase the amount of light in spaces used for reading, grooming and other activities.Grab bars in bathroomsGrab bars are a must to prevent dangerous falls caused by hard and slippery bathroom surfaces, especially in the bathtub or shower.Make your shower or bathtub more accessibleA walk-in bathtub or curbless shower makes the process easier and lowers the risk of falls. For shower renovations, make sure to install a seat and good lighting, as well as a shelf that keeps toiletries within reach.Adjust kitchen counter-topsLowering the height of counter-tops by a few inches can make the kitchen a more accessible and usable space.Install a chair lift or elevatorWhile a bungalow is often ideal for aging in place, a home with multiple levels can also be made more accessible with the addition of an elevator or a motorized chair lift that attaches to the stairs. Shift to single-level livingEnsuring there is a full bedroom and bathroom on the main floor eliminates the need to frequently move between levels of the home.
- Excerpts from Tyler Difley, CREB.com
City of CalgaryTotal Residential
0
5,000
10,000
15,000
20,000
25,000
YTD2007
YTD2008
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD AUGUST
Detached Apartment Semi - DetachedRow 10 Year Average Source: CREB®
CITY OF CALGARY TOTAL SALES
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
YTD2007
YTD2008
YTD2009
YTD2010
YTD2011
YTD2012
YTD2013
YTD2014
YTD2015
YTD2016
YTD2017
YTD AUGUST
Detached Apartment Semi - Detached
Row 10 Year AverageSource: CREB®
CITY OF CALGARY TOTAL NEW LISTINGS
428,000
430,000
432,000
434,000
436,000
438,000
440,000
442,000
444,000
446,000
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Aug.'16
Sep.'16
Oct.'16
Nov.'16
Dec.'16
Jan.'17
Feb.'17
Mar.'17
Apr.'17
May.'17
Jun.'17
Jul.'17
Aug.'17
Inventory Sales Benchmark PriceSource: CREB®
CITY OF CALGARY TOTAL INVENTORY AND SALES
-
1
2
3
4
5
6
7
2012 2013 2014 2015 2016 2017
Months of Supply Trended Source: CREB®12 month moving average inventory
CITY OF CALGARY TOTAL MONTHS OF INVENTORY
-10%
-5%
0%
5%
10%
15%
2012 2013 2014 2015 2016 2017
Average Price Y/Y% Change Median Price Y/Y% Change
Benchmark Y/Y% Change Source: CREB®
CITY OF CALGARY TOTAL PRICE CHANGE
320,000
340,000
360,000
380,000
400,000
420,000
440,000
460,000
480,000
500,000
520,000
2012 2013 2014 2015 2016 2017
Average Price Median Price
Benchmark Price Source: CREB®
CITY OF CALGARY TOTAL PRICES
Aug. 2017
CREB® Calgary Regional Housing Market Statistics 9
City of CalgaryTotal Residential
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec.2016 01/01/16 02/01/16 03/01/16 04/01/16 05/01/16 06/01/16 07/01/16 08/01/16 09/01/16 10/01/16 11/01/16 12/01/16Sales 765 1,130 1,590 1,768 1,920 2,029 1,744 1,570 1,479 1,647 1,226 929 New Listings 2,742 2,907 3,225 3,217 3,317 3,098 2,683 2,766 2,976 2,361 1,985 992 Inventory 5,023 5,683 6,102 6,251 6,177 6,001 5,708 5,679 5,881 5,431 4,987 3,766 Days on Market 51 43 43 46 42 47 46 46 46 46 50 56 Benchmark Price 445,100 443,000 439,900 438,400 437,300 437,800 438,200 438,600 438,200 437,500 434,700 434,100 Median Price 407,500 420,000 422,250 430,000 432,750 430,000 429,250 418,500 432,500 410,000 426,000 425,000 Average Price 456,889 473,940 468,642 476,910 491,832 485,468 485,385 474,192 490,233 461,245 484,950 494,671 Index 205 204 203 202 201 202 202 202 202 202 200 200
2017 01/01/17 02/01/17 03/01/17 04/01/17 05/01/17 06/01/17 07/01/17 08/01/17 09/01/17 10/01/17 11/01/17 12/01/17Sales 943 1,334 1,890 1,902 2,111 2,138 1,629 1,602 New Listings 2,383 2,459 3,242 3,295 3,865 3,755 2,981 3,008 Inventory 4,110 4,502 5,126 5,518 6,218 6,673 6,703 6,624 Days on Market 53 48 42 39 37 38 43 48 Benchmark Price 433,400 433,400 434,300 435,600 439,300 441,500 443,600 442,300 Median Price 425,000 428,000 435,000 445,000 448,000 453,250 425,000 428,000 Average Price 467,509 480,786 490,980 495,555 504,316 500,818 478,307 478,311 Index 200 200 200 201 202 203 204 204
Aug-16 Aug-17 YTD 2016 YTD 2017CALGARY TOTAL SALES 08/01/16 08/01/17 08/01/16 08/01/17>$100,000 - 1 - 1 $100,000 - $199,999 48 70 352 532 $200,000 - $299,999 228 210 1,772 1,816 $300,000 -$ 349,999 178 167 1,385 1,394 $350,000 - $399,999 250 232 1,776 1,708 $400,000 - $449,999 222 197 1,711 1,649 $450,000 - $499,999 152 157 1,308 1,405 $500,000 - $549,999 116 137 1,081 1,163 $550,000 - $599,999 96 108 829 908 $600,000 - $649,999 57 67 490 660 $650,000 - $699,999 45 57 411 563 $700,000 - $799,999 53 82 515 648 $800,000 - $899,999 41 45 299 404 $900,000 - $999,999 28 22 161 192 $1,000,000 - $1,249,999 22 24 192 258 $1,250,000 - $1,499,999 14 15 103 125 $1,500,000 - $1,749,999 9 3 62 53 $1,750,000 - $1,999,999 7 3 30 31 $2,000,000 - $2,499,999 2 3 22 17 $2,500,000 - $2,999,999 2 2 11 15 $3,000,000 - $3,499,999 - - 2 1 $3,500,000 - $3,999,999 - - 2 4 $4,000,000 + - - 2 2
1,570 1,602 12,516 13,549
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
<$200,000 $200,000 -$299,999
$300,000 -$399,999
$400,000 -$499,999
$500,000 -$599,999
$600,000 -$699,999
$700,000 -999,999
$1,000,000+
YTD AUGUST
CITY OF CALGARY TOTAL SALES BY PRICE RANGE
YTD 2014 YTD 2015 YTD 2016 YTD 2017Source: CREB®
Aug. 2017
CREB® Monthly Statistics City of Calgary 8
LOCAL EVENTSGHOUL’S NIGHT OUT
OCTOBER 26 - 29Heritage Park
Ghouls’ Night Out at Heritage Park is perfect for families with little ghouls, aged three to nine, who are looking for a fun, safe night out.Don’t miss the ghostly encounters and freaky family
fun at Heritage Park!
ROCKY MOUNTAIN WINE & FOOD FESTIVAL
OCTOBER 13-14Stampede Park BMO Centre
Pairing wines, beers, and spirits with local eats and great friends happens to be our specialty. For the last 20 years, we’ve been filling our
Grand Tasting Hall with the best sips, along with an array of delectable dishes.
YYC COMEDY FESTIVALOCTOBER 16 - 21
Various Locations & Times
This Oct.16 - 21, 2017, the sixth annual YYComedy Festival will be taking place in
Calgary and promises to deliver some of the funniest comedic talent in North America.
Must see shows include “Calgary Stand-up All-Stars” and the ridiculously funny YYComedy
GALA on October 21, 2017.
HELPING YOU IS WHAT WE DO™
PHANEUF • YIP • WEENING • SIEPPERT W W W . C A L G A R Y C O N N E C T I O N . C O M
INDEPENDENTLY OWNED AND OPERATED
