August 1-14, 2012 Calgary Real Estate Update

Single family home sales increased in the second week of August but still eased off further from last year’s month-to-date total.    Between August 1-14, a total of 484 homes sold which was a decline of -5.47% year-over-year.   It’s the first time since February that sales are down  y/y after  two weeks into a month.

If this sales pace continues it will be the second slowest August dating back to at least 2002.

SFH sales August 1-14 y/y comparison (click to enlarge)

Luxury sales have cooled as well with 9 homes selling for $1M or more compared to 17 during the same time period last year.

Despite nearly half as many high-end homes selling, the average price is off only -1.27% to $457,983. The median price is down -0.5% from $409,500 to $407,500.

SFH Stats for August 1-14 (click to enlarge)

The Calgary condo market is picking up the sales slack with activity up +22.6% from last year.  A total of 233 units (124 apt-style, 109 townhomes) have sold so far in August with apt-style showing the largest price gains.

Condo Sales August 1-14 (click to enlarge)

Condo Stats (click to enlarge)

For more statistics 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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