March 1-21, 2013 Calgary Real Estate Market Update

The slim year-over-year sales lead was lost in week three of March.  There were 1,022 single family homes sold between March 1 – 21, down -1.73% from the same period last year.

Single Family Home Sales (click to enlarge image)

Single Family Home Sales (click to enlarge image)

Condo-Apt sales are barely above last year’s pace: 240 sales compared to 238.

Sales-wise, Condo-Townhomes have been the best performing in March with 196 sales which is a 24% increase.

Condo sales (click to enlarge image)

Condo sales (click to enlarge image)

Overall, the Calgary market is seeing marginal sales growth – except when it comes the high-end segment which continues to surge higher.

The luxury condo market has posted a record sales month with 9 sales for over a $1M month-to-date  (Read Calgary Herald article: Calgary luxury condo market sets record for MLS sales)

Forty-three luxury single family homes have sold as well, bringing the year-to-date total to 133.    Last year between Jan 1 – Mar 21 there were 90 such sales.  When you recall that 2012 was a record-setting year, it makes 2013’s sales figures all the more remarkable.

Weekly Stats: Y/Y comparison

Weekly Stats: Y/Y comparison (click to enlarge)

5 responses to “March 1-21, 2013 Calgary Real Estate Market Update

  1. Mike,

    Surge in sale for luxury home sale – doesn’t it not directly related to cheap money? There is no real demand for housing but people wants move up because they can…

    In my opinion, this is not a healthy trend. Not much activities on medium priced homes but setting records in higher-ends!!!

    Are we following Vancouver here??? Curious how this spring sale shapes up…

    Keep up your great work..!

    Cheers…

  2. Scalgary, there is a ton of activity on the medium priced (~400,000) homes.

  3. Hi Ananymous,
    So this trend is normal &doesn’t mean anything? Try harder…!

  4. Scalgary, you had said that there is not much activity on medium priced homes and I simply stated that there is in fact a lot of activity which I know to be true. Try not to draw conclusions from things I didn’t say.

  5. I meant comparitively less activity in median priced homes (less overall sales) than luxury homes. I hope you understood this as well – but you want to give different spin…

    Can’t help…

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