Both the single family and condo market continue to post impressive year-over-year sales gains. In the first three weeks of July a total 988 SFH sold, nearly a 25% jump from last July but falling short of levels recorded in 2007 & 2009.
Condo sales were up just over 20% from last July, but similar to the SFH segment, fell short of 2007 & 2009 month-to-date totals.
Sales are easing as we get deeper into summer…
The summer slowdown is also impacting the high-end market with 27 SFH selling for a million dollars or more month-to-date. While that’s off -47% from the 57 recorded in May during the same period, it’s up from last July’s 21.
Year-to-date, SFH luxury sales are up 18.9% y/y: 308 compared to 259 (Related news article – Calgary Herald, July 20: Calgary luxury real estate soars to new heights)
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