October 1-14, 2014 Calgary Real Estate Market Update

The stock market is correcting, oil prices are falling and the loonie is tumbling to multi-year lows – and Calgary’s real estate market is on track for a record October.  Go figure.

Month-to-date sales are up 10.65% year-over-year to 977, and just a smidge above October 2005’s peak pace of  963 sales.

The overall market remains in seller’s territory with only condo-apartments looking balanced at this point, and we’re seeing annual price gains across all three housing categories.

Calgary’s high-end market is still booming and is only two sales away from setting a new annual record.   A total of 725 properties have sold for $1M+ YTD at the time of writing, compared to 726 for all of 2013.  Caveat: I noticed an entire townhome complex sold for a couple million dollars, but the agent posted the sale three separate times (The units were originally listed separately, but then they were sold altogether in a package deal) I’ve sent a data error report to the audit dept.

Sales-to-new-listings ratio Oct 14 2014

Calgary home sales - October 1-14 2014

Calgary home sales – October 1-14 2014

Calgary luxury home sales - October 1-14 2014

Calgary luxury home sales – October 1-14 2014

Calgary-Stats-Oct-14-2014

Calgary real estate stats summary: October 1-14 Y/Y comparison

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