Through two weeks, Calgary home sales are on pace for the second highest August level on record and up 32% year-over-year.
The sales to new listing ratio has eased to the low 70%’s which is a slight improvement for buyers, however inventory has also fallen -7% from just a month ago.
Average & median prices are up y/y across all three categories in the city which is to be expected with such tight market conditions.
Twenty-six homes have sold for a $1M or more month-to-date, compared to 9 during the same period last year (+188.8%). August 2012 had a month-end total of 32 luxury sales.
The most expensive sale so far this month was a Mount Royal home that sold for $4,750,000.