Low oil prices are expected to slow Calgary’s housing market in the upcoming months, but in the meantime sales in the luxury segment have been unhindered.
Five homes sold for $2,000,000+ this month bringing the YTD tally of multi-million sales to 102, eclipsing the previous annual high of 100 from last year.
Of those 102 transactions, seven were condo-apartments. A total of 39 Calgary apartments have sold for $2,000,000+ on MLS® over the years. The most sold during a single year is seven: accomplished in 2012 and now again this year.
So far this month, 34 homes have sold for $1M+ which is one ahead of last year’s pace. Another six have been disclosed as being under contract with a pending date before year-end.
It was back in October when luxury sales broke 2013’s annual record. There have now been 846 luxury sales YTD, a 16.5% spike from the 726 sold in all of 2013.