June 1-28, 2014 Calgary Real Estate Market Update

This will be a quick update because I want to get back to watching the World Cup 😉

As we approach month-end, market conditions still favor sellers across all three housing categories.   The Condo-Townhouse segment is currently the “hottest” with a sales-to-new-listings ratio of 84.6%.

Still in seller's territory

Still a Seller’s Market

With a record high 96 luxury sales (and counting) compared to 73 last June, the  average price will be a less useful indicator than usual this month.  Don’t read too much into it.

Overall sales have been brisk but won’t be repeating May’s feat of a new monthly peak.  Month-to-date sales total 2,552 which is a 14.4% y/y increase and on track for the second best June.  Condo sales have been performing particularly well with MTD sales above any previous year.

Alright, back to the World Cup – have a great long weekend everyone!

Calgary sales month-to-date

Calgary sales month-to-date

Calgary prices and sales

Calgary single family prices and sales

Stats summary. Y/Y comparison

Stats summary. Y/Y comparison

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