Calgary sales are up across all three housing categories with overall transactions up 16.45% y/y month-to-date.
Luxury home sales continue unabated with 33 properties selling for $1M and above and on pace for a new March record.
Here’s something to keep an eye on in the coming weeks and months: condo-apartment new listings have jumped 30% and inventory is now above year ago levels by 4%.
The last time apartment month-end inventory was up on an annual basis was briefly back in February 2012. (see charts below)
Countering the rise of apartment listings are sales which have increased by 31% this month. The sales-to-new-listings ratio is at 60%, the same as this time last year which means it’s right on the cusp between a seller’s and balanced market. SFH currently have a ratio of 70% and townhomes are at 72% (see stats summary at the end of post)