August 1-7, 2013 Calgary Real Estate Market Update

Home sales in the first week of August posted a record high opening for the month.  A total of 468 homes sold which was a 38.46% year-over-year increase.

Granted, the year-over-year comparison is with a base year just one month removed from the previous mortgage rule change.  Still, it was a 5.4% increase from August 1-7, 2009 which until now was the strongest start to August.

August 1-7, year-over-year comparison (click to enlarge image)

August 1-7, year-over-year comparison (click to enlarge image)

In the luxury segment, 16 homes sold for a million and over including a $4,750,000 home in Mt. Royal.

That represents a 300% increase from the 4 luxury sales in the first week of last August.

With the sale of the Mt. Royal home, there have now been 8 homes that sold for over $4M year-to-date.

In 2012 there were only two $4M+ sales for the entire year.   You would need to combine the year-end totals of 2010, 2011 & 2012 to match the eight $4M+ sales recorded in the first 7 months of this year.

Aug 1-8, year-over-year comparison

Aug 1-7, year-over-year comparison

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s