For the second straight month, luxury home sales in Calgary were down 50% from the previous year.
A total of 32 properties sold for at least a million dollars in November compared to 64 a year ago. Year-to-date sales are down -40.2% from 2014.
An Eagle Ridge home was the most expensive sale at $2,750,000 and the community of Altadore had the most sales with 4.
The inventory absorption rate has swelled to 17 months with 537 homes on MLS® seeking $1 million or more.