July 1-28, 2014 Calgary Real Estate Market Update

CREB® will be posting the month-end stats on Friday, but here’s a quick update in the meantime.

Month-to-date sales are up only 0.89% year-over-year.  However, the 2049 sales is still the second highest tally for July through four weeks.

After a slow start to the month, Calgary luxury home sales picked up steam and have broken last July’s record.   A total of 69 homes have sold for a million dollars or more so far this month, a record high for July.

Looking at the overall real estate market, the Calgary Stampede didn’t have any meaningful impact on sales activity.  It was actually a touch busier during the first two weeks of the month: between July 1-14, a total of 1029 homes sold compared to 1020 sales between July 15-28.

The rise in new & active listings has resulted in a cooler market than this time last year, however the sales-to-new-listings ratio remains above 60% indicating further pressure on prices and an overall market that’s still in favor of sellers.

Average and median prices are up across all three housing categories.  You can view the Stats Summary below for the figures.

Sales-to-new-listings ratio

Calgary overall sales MTD

Calgary overall sales MTD

June luxury sales record

June luxury sales record

Calgary-Stats-July-28-2014

Stats Summary: July 1-28

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