In 2012 the only month not to register a year-over-year growth in sales was January. So while the 15% sales jump last month was good news, it wasn’t especially meaningful since it was measured against a comparatively weak month.
By month-end February 2012, single family home (SFH) sales had increased to their highest level since 2007. Now a y/y increase over February 2012 would be telling, wouldn’t it? (especially since it had an extra week day to boot)
At the midpoint of this month there have been a total of 603 SFH sold: an increase of 6.73% y/y – nowhere near boom-time levels – but positive nonetheless considering the rule changes that came into effect last summer.
Luxury Home Sales
Month-to-date, 29 homes have sold for $1M and over (27 SFH and 2 condos)
Elbow Park has been the most active community with 7 sales, followed by West Hillhurst with 5.
The February record was set in 2012 with a total of 42 sales – a record that is already in jeopardy of being broken this month.
Condo sales have improved 23% from last February, but still behind 2010’s pace.