May 1-7, 2013 Calgary Real Estate Market Update

Even with decreased affordability, lower inventory, and tightened mortgage rules, sales & prices last month managed to register positive year-over-year growth.

April’s sales momentum has spilled over into May as activity in the first week reached the highest levels since 2007.

Single family home (SFH) sales were up 5.42% y/y while condo sales were up 20%.

Twenty percent of the SFH sold did so at list price or over.   That ratio was a little lower for condos with 16.7% selling for list price or above.

Calgary sales: May 1-7

Calgary sales: May 1-7

Twenty-one properties have sold for a million or over month-to-date compared to 25 during the same period last year.    May 2012 holds the record for highest luxury sales sold in a month with 80.

Calgary Weekly Statistics (click to enlarge)

Calgary Weekly Statistics (click to enlarge)

For more Calgary real estate 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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