Calgary homes sales month-to-date are up 19.4% y/y with the average and median price poised to set a November high. Sales for the month are at their highest level since 2006.
A total of 46 properties have sold for $1M or more, 2 sales shy from tying the November 2012 record. Check back on Sunday for the full luxury market recap.
On the new condo front, a report from Atlus Group shows that sales have increased 11.5% year-over-year. Completed but unabsorbed units at the end of September were down to only 131 with another 4,327 units under construction. Any fears of a condo oversupply that exist out east are certainly not warranted in Calgary with low numbers like that.
The Calgary market looks to be in great shape heading into the typically slower winter months.