It was a sluggish opening week but activity picked up in week two, positioning the Calgary market to continue its string of year-over-year increases in sales and prices.
Between January 1-14, there were 266 single family homes (SFH) sold, a 9.47% increase from last year. The average and median price are up 13.31% and 9.45% respectively and sellers have yet to emerge in any significant numbers with new listings down -5.94%
Still, sales are nowhere near the levels we saw during the boom years as you can see in the chart below. The y/y increase in sales we’re seeing is positive, but we’re still far below the average sales recorded in the past decade. The Calgary market is still in recovery mode.
Overall condominium sales are up 11.2% from the same period last year thanks to the increase in Condo-Townhome sales (+45.71). Condo-Apartment sales are currently down -7.94% y/y.