July 1-7, 2012 – Calgary Real Estate Update

Calgary single family home sales for the first week of July marked the slowest start to a month since March which also had 308 sales.

Sales have slowed in July

Even so, this was an increase of +30.51% from July 1-7, 2011.

SFH Sales July 1-7, year-over-year comparison

The new mortgage rules were officially announced on June 21st, but it didn’t seem to have any noticeable impact on sales as the consecutive week-over-week declines continued into July.

No last minute rush to beat the deadline?

The most active communities month-to-date have been in:

  • McKenzie Towne (10 sales)
  • Coventry Hills (9 sales)
  • Evergreen (8 sales)

It seems that the luxury market is continuing to cool down. There were 9 homes that sold for $1 million or more in the first week of July, down from the 14 recorded in the first week of last month.

For more statistics, please visit my website at:


Questions? Ready to buy or sell real estate? I can be contacted at mike@findcalgary.com or 403-554-2284

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