July 1-21, 2012 Calgary Real Estate Update

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.

SFH Sales July 1-21 (click to enlarge image)

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.

Condo Sales July 1-21 (click to enlarge image)

Sales are easing as we get deeper into summer…

Summer Slowdown

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)

For more statistics including average and median prices, please visit my website at:

FindCalgary

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

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