Calgary Luxury Homes Market Highlights - June 2016
1. There were slightly more Calgary homes over $1 million sold in June this year than June 2015: 78 versus 76. These included detached, attached and apartment homes.
2. The median price of all Calgary homes sold over $1 million was not the same for both years: $1,262,500 in June 2016 and $1,216,100 in June 2015. It hit a low of $1,205,000 in October 2015. This is a direct result of more homes being sold in June 2016 in the $1,000,000 to $1,499,999 categories!
Sales of Calgary luxury homes in June 2016 were up slightly by 2.6% compared to a year ago - confirming that the previous declining and flat market has become more active again. Overall Calgary luxury real estate prices have not
Calgary home prices continue to slide in most areas of the market, but not at the rate that many might expect. This is partly due to June’s resiliency in the detached and semi-detached sectors of the market, where sales compared to new listings and standing inventory started returning to more balanced levels.
“The detached Calgary Real Estate market has been gradually moving towards more balanced conditions, helping to prevent price levels from declining at the faster rates we saw in the previous two quarters,” said CREB® chief economist Ann-Marie Lurie. “While this is welcomed news for sellers, it’s very likely that pricing challenges will persist in the Calgary
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