With a third of the month still remaining, Calgary luxury home sales have broken the August record set back in 2007.
Between August 1 – 19, a total of 42 homes sold for a million and above. Even if no more high-end homes sell for the remainder of August, sales would still end up 31% y/y.
With 9 listings currently reported as C/S, that y/y increase will be padded before month-end.
Year-to-date, 502 properties have sold for $1M+ compared to 352 during the same period last year.
By the end of 2012, which was a record year itself, 544 luxury homes had sold. If this torrid sales pace holds up, that record will be handily surpassed around the end of September or early October.