The Calgary real estate market is following the same pattern we’ve seen the past few Decembers without any untoward changes visible on the near horizon.
Between December 1-14, there were 411 single family homes sold representing an increase of 3% year-over-year and closely inline with levels we’ve experienced since 2009.
New listings this month are down -5.88%, so it’s no surprise that homes are selling an average of 4 days quicker MTD.
The average price…sigh. It currently sits at $509,658 – up nearly $42,000 from last year during the same period. I cannot stress enough that this is because of the luxury market. Twenty-one homes have sold for a million or more in the first 2 weeks of December compared to 16 for ALL of December 2011. (Remember that one blog anecdote how apparently nothing was moving over $1 million in Calgary? heh)
The median price is currently sitting at $422,500, up from the $395,000 this time last year.
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