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GP RESIDENTIAL STATS FOR AUG 1, 2020 1 August 1, 2020 Residential Stats RE/MAX Grande Prairie

August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

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Page 1: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 1

August 1, 2020 Residential Stats

RE/MAX Grande Prairie

Page 2: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 2

NOTE: • Some discrepancies exist based on some listings not being categorized as

new or resale on the single line view (i.e., C3476354, C3530802, C3533013, C3600891, C3600891, C3605905, C3624245, C3631172)

Stats are generated using data produced by the Grande Prairie & Area Association of REALTORS®, which assumes no responsibility for its accuracy

Information is deemed reliable but is not guaranteed

Page 3: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 3

Volume

Value

Inventory

Putting it altogether

“What discount will I get off list, if buying?”

VOLUME (how many houses have sold?)

Trivia

Page 4: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 4

1

79

796

85

726 23

1 1

310

1131 23 7 1

52

666

306

26 3462

1 1 1

285

434 20 14 6 14

34

546

17 8 24 2042

1

246

624 15 13 5

4 p

lex

Ap

artm

ent

Det

ached

Du

ple

x

Lan

d

Mobil

e

Row

/Tow

nho

use

Sem

i D

etac

hed

Tri

ple

x

4 p

lex

Ap

artm

ent

Det

ached

Du

ple

x

Lan

d

Mobil

e

Row

/Tow

nho

use

Sem

i D

etac

hed

Tri

ple

x

Grande Prairie Grande Prairie No. 1, County of

JAN 1 TO JULY 31 RESIDENTIALS SALES IN THE CITY & COUNTY OF GP O VER

THE LAST 3 YEARS (NEW & RESALE COMBINED) [#1]

2018

2019

2020

Detached includes: Houses, Manufactured

Homes w/ Land & Acreages w/ residences

Page 5: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 5

908

649607

661

846 837

1,015

759

511606

760

639

530

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

JAN 1 TO JULY 31 HOUSE SALES IN THE CITY OF GP (NEW & RESALE COMBINED) (2008-2020) [#7.1]

Page 6: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 6

621

416 424

501

590634

767

635

441

520

694

584

485

287233

183 160

255203

246

12470 86 66 55 45

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

JAN 1 TO JULY 31 HOUSE SALES IN THE CITY OF GP (NEW & RESALE SEPARATE) (2008 -

2020) [#7.2]Resale

New

31.6%

35.9%

30.1%

24.2%

30.1%

24.3% 24.2%

16.3%13.7%

14.2%

8.7%8.6%8.5%

PERCENTAGE OF HOUSES THAT SOLD THAT WERE NEW IN THE CITY

OF GP BETWEEN JAN 1 & JULY 31 (#7.3)

How many new?

160/661=24.2%

Page 7: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 7

4146

67767480

57

736261

444348

677872

8389838790

6778

475759

10299

133126

118105108

7568

424347

76

106112106949897

84

61

4544

6264

4141

112121

9

59

7

21

811

9

9

8 12

10 98

2210

11

11

15

9 7 7

4

11

5

9 5

9 11

1312

7

1012

79

3 27

7

10

18

6

55 5

10

4

82

713

8 5

5

5

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

2016 2017 2018 2019 2020

NUMBER OF HOUSE SALES PER MONTH IN THE CITY OF GP SINCE JAN 2016, UP TO JULY 31,

2020 (SHOWING NEW & RESALE) [#3]New

Resale

126

Page 8: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 8

711

15

2 512111417

22

31

1113

1

1817

1 26

35

157

2222

34

16

40

8 1110

22

5 4 7 6 310

28

28

2 2 3 4 26 6

30

AR

BO

UR

HIL

LS

AV

ON

DA

LE

CO

BB

LE

ST

ON

E

CO

LL

EG

E P

AR

K

CO

PP

ER

WO

OD

CO

UN

TR

Y C

LUB

ES

TA

TE

S

CO

UN

TR

Y C

LUB

WE

ST

CO

UN

TR

YS

IDE

NO

RT

H

CO

UN

TR

YS

IDE

SO

UT

H

CR

YS

TA

L H

EIG

HT

S

CR

YS

TA

L L

AK

E E

ST

AT

ES

CR

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TA

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AN

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G

CR

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NA

CL

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IDG

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RO

YA

L O

AK

S

SC

EN

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IDG

E

SIG

NA

TU

RE

FA

LL

S

SM

ITH

SO

UT

H P

AT

TE

RS

ON

PL

AC

E

ST

ON

E R

IDG

E

SU

MM

ER

SID

E

SU

MM

IT

SW

AN

AV

ON

VL

A M

ON

TR

OS

E

WE

ST

GA

TE

WE

ST

PO

INT

E

AS

PE

N R

IDG

E

CA

RR

IAG

E L

AN

E E

ST

AT

ES

DE

ER

RID

GE

ES

TA

TE

S

GR

EE

N A

CR

ES

MA

PL

E R

IDG

E E

ST

AT

ES

TA

YLO

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ST

AT

ES

WA

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LA

KE

VIL

LA

GE

WH

ISP

ER

ING

RID

GE

GRANDE PRAIRIE GRANDE PRAIRIE NO. 1 , COUNTY OF

NUMBER OF HOUSES SOLD IN EACH SUBDIVISION IN THE CITY & COUNTY O F GP BETWEEN JAN 1 & JUL 31, 2020 (ALPHETICALIZED) (NEW & RESALE COMBINED) (F EWER THAN 2

SALES IN COUNTY SUBDIVISIONS NOT SHOWN) [#12]

Page 9: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 9

383534

3127

2219

2222181717

9141514131211 9 7

11

39 8 7

1 26 6 4 5 4 2 2 1 1

128 6 5 3 2 2 2 2 2

2

1

3

71

2 47

1

6 5 11

2

18

11 1

RO

YA

L O

AK

S

MIS

SIO

N H

EIG

HT

S

PIN

NA

CL

E R

IDG

E

CR

YS

TA

L L

AK

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AT

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ST

PO

INT

E

SO

UT

H P

AT

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ON

PL

AC

E

O'B

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AK

E

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YS

TA

L H

EIG

HT

S

PA

TT

ER

SO

N P

LA

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HIG

HL

AN

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AR

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CO

UN

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YS

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TA

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ITH

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AR

BO

UR

HIL

LS

NO

RT

HR

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E

SW

AN

AV

ON

LA

KE

LA

ND

ST

ON

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IDG

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CO

PP

ER

WO

OD

SU

MM

ER

SID

E

VL

A M

ON

TR

OS

E

CO

LL

EG

E P

AR

K

KE

NS

ING

TO

N

EA

GL

E E

ST

AT

ES

IVY

LA

KE

ES

TA

TE

S

WH

ISP

ER

ING

RID

GE

CA

RR

IAG

E L

AN

E E

ST

AT

ES

WE

DG

EW

OO

D

WE

ST

LA

KE

VIL

LA

GE

TA

YLO

R E

ST

AT

ES

MA

PL

E R

IDG

E E

ST

AT

ES

DE

ER

RID

GE

ES

TA

TE

S

AS

PE

N R

IDG

E

WA

PIT

I H

EIG

HT

S E

ST

AT

ES

GR

EE

N A

CR

ES

GRANDE PRAIRIE GRANDE PRAIRIE NO. 1 , COUNTY OF

NUMBER OF HOUSES SOLD IN EACH SUBDIVISION IN THE CITY & COUNTY O F GP BETWEEN JAN 1 & JUL 31, 2020 (BY VOLUME) (NEW & RESALE SEPARATE) [#13]

New

Resale

Page 10: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 10

Volume

Value

Inventory

Putting it altogether

“What discount will I get off list, if buying?”

VALUE (what houses sold for?)

Trivia

Page 11: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 11

2 7 7 14 9 15 25 43 333 1427 1810 1405 1366 1034 952 1061 1304 1371 1617 1147 842 1009 1199 1056 539

173,750

113,000 122,100

117,086 129,264

154,084 159,790 168,405

189,613

212,390

293,314

314,964 300,676

282,670 281,993

286,174 305,553

324,347

351,584 347,855

327,165 326,868

337,370 343,230

336,055

VOLUME & AVERAGE SELL PRICE OF HOUSES THAT SOLD IN GP IN MATRIX UP TO AUG 5, 2020 (NEW & RESALE COMBINED) (SOME RECORDS DELETED FROM OLDER DATA) [$4]

Less reliable

9 of which were sold in Aug 2020

Page 12: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 12

288,859 308,590

295,173

271,210 269,125 274,340 291,285

310,791

336,103 330,211 313,741 312,123

327,783 333,749 328,118 325,319 333,744 312,533 305,259 313,032

322,771 340,525

367,978

407,685

434,524

409,526

435,984 435,211 448,821

423,192

1590 1049 933 686 673 802 928 1046 1266 953 724 889 1092 969 494219 356 433 348 279 258 374 325 347 194 118 120 107 87 45

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

FULL YEAR AVERAGE SOLD HOUSE PRICE (NEW & RESALE COMBINED) IN TH E CITY OF GP YEAR OVER YEAR UP TO AUG 5, 2020 [$2A]

Average of Sell Price - Resale

Average of Sell Price - New

Page 13: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 13

284,235

326,862 341,816

322,863 330,600 344,324 356,748

414,338

463,097 449,936

431,583 417,967

448,820 459,204 467,792

342,116

405,817 436,043

416,852 401,157

446,349 459,673

514,949

557,900 581,492

556,576

596,640

562,900

602,829 618,389

331 292 262 184 207 298 345 347 417 295 217 305 372 309 18137 71 60 52 60 74 85 78 122 67 60 59 75 51 22

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

FULL YEAR AVERAGE SOLD HOUSE PRICE (NEW & RESALE COMBINED) IN TH E COUNTY OF GP YEAR OVER YEAR UP TO AUG 5, 2020 [$2B]

Average of Sell Price - Resale

Average of Sell Price - New

Page 14: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 14

7 11 15 2 5 12 11 14 17 22 31 11 13 1 18 17 1 2 6 35 15 7 22 22 34 16 40 8 11 10 22 5 4 7 6 3 10 28 2 8 2 2 3 4 2 6 6 30

417,071

221,036

338,253 307,800

436,960

350,625

440,982

370,429

289,735 340,705

373,597 332,682

274,692

488,000

272,361

171,324

271,500

419,400

260,500

340,023 271,567

451,686 430,964

255,427

341,526 382,679

373,470

271,000

418,991

263,050 273,623

601,580

404,875

329,286

210,167

297,467

398,850 347,214

535,000

725,128

625,000 603,500

955,800 956,225

570,000 519,833

660,167

567,032

Arb

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Grande Prairie Grande Prairie No. 1, County of

AVERAGE SELL PRICE OF HOUSES IN EACH SUBDIVISION BETWEEN JAN 1 & JUL 31 (NEW & RESALE COMBINED) [$6]

Page 15: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 15

4 3 1 8 1 6 1 2 2 2 30 2 6 5 1 7 11 5 22 2 11 7 4 10 16 31 40 14 12 28 34 22 35 15 11 7 2 3 17 13 22 18 15 1 8 10 6 22 11 6 17

95

6,2

25

95

5,8

00

82

0,0

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72

5,1

28

67

0,0

00

66

0,1

67

62

9,0

00

62

5,0

00

60

3,5

00

57

0,0

00

56

7,0

32

53

5,0

00

51

9,8

33

60

1,5

80

48

8,0

00

45

1,6

86

44

0,9

82

43

6,9

60

43

0,9

64

41

9,4

00

41

8,9

91

41

7,0

71

40

4,8

75

39

8,8

50

38

2,6

79

37

3,5

97

37

3,4

70

37

0,4

29

35

0,6

25

34

7,2

14

34

1,5

26

34

0,7

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34

0,0

23

33

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53

33

2,6

82

32

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30

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29

7,4

67

28

9,7

35

27

4,6

92

27

3,6

23

27

2,3

61

27

1,5

67

27

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27

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26

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26

0,5

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67

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Grande Prairie No. 1, County of Grande Prairie

AVERAGE SELL PRICE OF HOUSES SOLD IN EACH SUBDIVISION FROM JAN 1 TO JUL 31, 2020 (NEW & RESALE COMBINED) [$7]

Page 16: August 1, 2020 Residential Stats...ills ale e k d es st h h s states g ge s rk e es n d s iew ge e e Ridge one s ge lls h e ge e t avon se e ointe ge es es s es s es od llage ge Grande

GP RESIDENTIAL STATS FOR AUG 1, 2020 16

616

77

158

192

176

75

3119

7 1 12 317

52

128

156 154

71

33

8 8 2 2 37 515

48

105

143

103

53

33

8 7 1 1 1

$100Kceiling

$150Kceiling

$200Kceiling

$250Kceiling

$300Kceiling

$350Kceiling

$400Kceiling

$450Kceiling

$500Kceiling

$550Kceiling

$600Kceiling

$650Kceiling

$700Kceiling

$750Kceiling

$800Kceiling

VOLUME OF HOUSE SALES FROM JAN 1 TO JUL 31 BY PRICE CATEGORY IN THE CITY OF GP OVER LAST 3 YEARS (NEW & RESALE COMBINED) [#6]

2018

2019

2020

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GP RESIDENTIAL STATS FOR AUG 1, 2020 17

7 515

48

104

138

93

39

22

4 71 1 11 5 10 14 11

4

$100Kceiling

$150Kceiling

$200Kceiling

$250Kceiling

$300Kceiling

$350Kceiling

$400Kceiling

$450Kceiling

$500Kceiling

$550Kceiling

$600Kceiling

$650Kceiling

$700Kceiling

$800Kceiling

VOLUME OF HOUSE SALES BY PRICE CATEGORY BETWEEN JAN 1 & JUL 31, 2020 (NEW & RESALE SEPARATE) [#5]

Resale

New143 houses

sold over 300K and up to 350K

103 houses sold over 350K and up to 400K

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GP RESIDENTIAL STATS FOR AUG 1, 2020 18

1 14

11

29

34

21

107

1 21 2 2

$100Kceiling

$150Kceiling

$200Kceiling

$250Kceiling

$300Kceiling

$350Kceiling

$400Kceiling

$450Kceiling

$500Kceiling

$550Kceiling

$600Kceiling

VOLUME OF HOUSE SALES BY PRICE CATEGORY IN ONLY JULY, 2020 (NEW & RESALE SEPARATE) [#5A]

Resale

New

34

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GP RESIDENTIAL STATS FOR AUG 1, 2020 19

Volume

Value

Inventory

Putting it altogether

“What discount will I get off list, if buying?”

INVENTORY (how many houses are available?)

Trivia

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GP RESIDENTIAL STATS FOR AUG 1, 2020 20

352 364344

305288

229 244274

310330

408 413435

HOUSE INVENTORY OVER LAST 13 MONTHS IN THE CITY OF GP UP TO AUG 1, 2020 (NEW & RESALE COMBINED) [I1]

Aug ‘19 Sep ’19 Oct ’19 Nov ’19 Dec ’19 Jan ’20 Feb ’20 Mar ’20 Apr ’20 May ’20 Jun ’20 Jul ’20 Aug ‘20

435

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GP RESIDENTIAL STATS FOR AUG 1, 2020 21

376

300

439 445

500

373352

435

AUG 1 HOUSE INVENTORY OVER 8 YEARS IN THE CITY OF GP (NEW & RESA LE COMBINED) [I2]

2013 2014 2015 2016 2017 2018 2019 2020

435

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GP RESIDENTIAL STATS FOR AUG 1, 2020 22

04

03

7

21

11

3 2 1 0 0 003

8

20

68

8882

46

30

12 14

3 3 1 1 2

$100Kceiling

$150Kceiling

$200Kceiling

$250Kceiling

$300Kceiling

$350Kceiling

$400Kceiling

$450Kceiling

$500Kceiling

$550Kceiling

$600Kceiling

$650Kceiling

$700Kceiling

$750Kceiling

$800Kceiling

$850Kceiling

House

AUG 1 2020 HOUSE INVENTORY IN 50,000 PRICE CATEOGORIES IN THE CI TY OF GP (NEW & RESALE SEPARATE) [I3]

91

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GP RESIDENTIAL STATS FOR AUG 1, 2020 23

Volume

Value

Inventory

Putting it altogether

“What discount will I get off list, if buying?”

Putting It altogether (volume & value)

Trivia

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GP RESIDENTIAL STATS FOR AUG 1, 2020 24

24

68

91 89

67

41

11

2934

2212 9

250Kceiling

300Kceiling

350Kceiling

400Kceiling

450Kceiling

500Kceiling

AUG 1 HOUSE INVENTORY & JUN SALES IN THE CITY OF GP (NEW & RESALE COMBINED)

[ I6]

AUGUST INVENTORY

JULY SALES

2.18 2.342.68

4.05

5.58

4.56

250Kceiling

300Kceiling

350Kceiling

400Kceiling

450Kceiling

500Kceiling

MONTHS OF HOUSE INVENTORY IN THE CITY OF GP CALCULATED BY DIVIDING AUG 1

INVENTORY BY JULY SALES (NEW & RESALE COMBINED) [ I7]

50K CEILING

91 (p.22)34 (p.18)

=2.68 months of inventory

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GP RESIDENTIAL STATS FOR AUG 1, 2020 25

435 (p.21) 126 (p.7)

= 3.45months of inventory

3.6 3.5 3.4 3.2

4.4 4.3

5.3

4.0 4.0

6.7

8.8

3.5 3.5

Aug/19 Sep/19 Oct/19 Nov/19 Dec/19 Jan/20 Feb/20 Mar/20 Apr/20 May/20 Jun/20 Jul/20 Aug/20

MONTHS OF HOUSE INVENTORY IN THE CITY OF GP OVER LAST YEAR [I11]

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GP RESIDENTIAL STATS FOR AUG 1, 2020 26

27

42

57

48

39

56

44

2014 2015 2016 2017 2018 2019 2020

OF THE RESALE HOUSES THAT SOLD IN THE CITY OF GP IN MAY, JUN, & JUL, WHAT WAS THE AVERAGE DAY ON MARKET (DOM)? [I8]

Look closer next slide

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GP RESIDENTIAL STATS FOR AUG 1, 2020 27

5157

51

77

54

3743

3430

60

$250K ceiling $300K ceiling $350K ceiling $450K ceiling $500K ceiling

OF THE RESALE HOUSES THAT SOLD IN THE CITY OF GP IN MAY, JUN, & JUL, HOW MANY DAY ON MARKET (DOM) WERE THEY ON AVERAGE PER 50K PRICE CEILING? [I9]

2019

2020

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GP RESIDENTIAL STATS FOR AUG 1, 2020 28

50.0%

28.5%

13.5%

8.0%

47.1%

27.7%

13.9%11.3%

0 - 30 Days 31 - 60 Days 61 - 90 Days > 90 Days

OF THE RESALE HOUSES THAT SOLD IN THE CITY OF GP, HOW MANY SOLD IN 30, 60, AND 90 DAYS IN MAY, JUN, & JUL 2019 & 2020 [I10]

2019

2020

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GP RESIDENTIAL STATS FOR AUG 1, 2020 29

Volume

Value

Inventory

Putting it altogether

“What discount will I get off list, if buying?”“What discount should I get off list?”

Trivia

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GP RESIDENTIAL STATS FOR AUG 1, 2020 30

1.72%1.84%

1.74% 1.82%1.71%

1.79% 1.81%

2.20%

2.44%

2.20%

2.73%

2.12%2.27%

1.97%

Jan Feb Mar Apr May Jun Jul

AVERAGE DISCOUNT FROM LIST PRICE ON RESALE HOUSES IN GP PER MONTH IN 2019 & 2020 IN THE CITY OF GP (RESALE ONLY) (250-500K ONLY) [D1] 2019

2020

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GP RESIDENTIAL STATS FOR AUG 1, 2020 31

1.48%

0.96%

1.63%

2.24%

1.93%1.73% 1.77%

2.23%

2013 2014 2015 2016 2017 2018 2019 2020

AVERAGE DISCOUNT ON RESALE HOUSES BETWEEN JAN 1 & JUL 31 YEAR OVER YEAR IN THE CITY OF GP (250-500K) [D2]

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GP RESIDENTIAL STATS FOR AUG 1, 2020 32

2.56%

2.12% 2.01%2.19%

2.56%

$300K ceiling $350K ceiling $400K ceiling $450K ceiling $500K ceiling

AVERAGE DISCOUNT ON RESALE HOUSES SOLD IN THE CITY OF GP BETWEEN JAN 1 AND JUL 31, 2020 PER 50K PRICE INCREMENT [D3]

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GP RESIDENTIAL STATS FOR AUG 1, 2020 33

2.59%

1.75%

2.29%

2.95%

2.60%2.89%

2.30% 2.42%

3.16%

up to 10DOM

up to 20DOM

up to 30DOM

up to 40DOM

up to 50DOM

up to 60DOM

up to 70DOM

up to 80DOM

up to 90DOM

DISCOUNT FROM LIST ON RESALE HOUSES SOLD BETWEEN 250 AND 500K IN 2020 (JAN TO JUL), BASED ON DOM (DAYS ON MARKET) (CITY OF GP) [D4a]

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GP RESIDENTIAL STATS FOR AUG 1, 2020 34

1.15% 1.13%

1.81%2.03%

2.37%

2.71%

2.36%

2.90%

2.55%

up to 10DOM

up to 20DOM

up to 30DOM

up to 40DOM

up to 50DOM

up to 60DOM

up to 70DOM

up to 80DOM

up to 90DOM

DISCOUNT FROM LIST ON RESALE HOUSES SOLD BETWEEN 250 AND 500K IN 2019 (JAN TO JUL), BASED ON DOM (DAYS ON MARKET) (CITY OF GP) [D4B]

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GP RESIDENTIAL STATS FOR AUG 1, 2020 35

Volume

Value

Inventory

Putting it altogether

“What discount will I get off list, if buying?”

TriviaTRIVIA

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GP RESIDENTIAL STATS FOR AUG 1, 2020 36

• Residential sales (all types) in the city & county of GP declined at the end of July 2020? True or False?

• Will they decline at the beginning of August? (based on conditional sales happening now?)

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GP RESIDENTIAL STATS FOR AUG 1, 2020 37

5

14

10

2

1

10

8

5

12

14

2

7

9

8 8

6

2

12

6

10

8

12

2 2

11

8

7

9 9

01 02 03 04 05 06 07 08 09 10 12 13 14 15 16 17 19 20 21 22 23 24 25 26 27 28 29 30 31

2020

HOW MANY RESIDENTIAL PROPERTIES (ALL TYPES) SOLD ON EACH DAY OF JUN AND JUL 2020 IN THE CITY & COUNTY OF GP [T1]

Total

Linear (Total)

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GP RESIDENTIAL STATS FOR AUG 1, 2020 38

THANK-YOU

RE/MAX Grande Prairie