November 1-14, 2013 Calgary Real Estate Market Update

With talk of the Calgary housing market booming, some will find consolation with the knowledge that sales are tamer than the heady days of 2005 & 2006 when prices spiked.

Through two weeks in November, a total of 830 homes sold in Calgary.  That’s a 34.3% increase from last year, but still nearly -22% fewer sales than the same period in 2006.

The average price is up 7.47% y/y while the median is uncharacteristically even  higher, up 11% from last November.

An interesting development is that luxury sales slammed on the brakes in week two.    In the first week, 20 homes sold for $1M or more.   Between November 8-14 there were only 5 more high-end transactions.    Despite this slowdown, luxury sales are still higher month-to-date than any previous November but the gap has closed considerably.

Calgary Home Sales - November 1-14 2013

Calgary Home Sales – November 1-14 2013

Calgary Luxury - Nov 1-14 2013

Calgary Luxury Sales – Nov 1-14 2013

Statistics Summary, Nov 1-14, y/y comparison

Statistics Summary, Nov 1-14, y/y comparison

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