Calgary Real Estate Market Report
Calgary
With a healthy economy and a new and effective city council, momentum in Calgary's real estate market continued into the last half of 2012, especially in the high end. Compared to the same July to December period in 2011, listings over one million dollars were up by 38 per cent and sales of real estate in the same category were up 21 per cent. The average days on market for homes over a million dollars increased slightly to 66 days and the percentage of properties selling over asking price dropped slightly to 5 per cent. High-end neighborhoods like Elbow Park and Glencoe were among those to see strong demand. Comparing 2012 to 2011, listings of homes over one million dollars increased by 65% in Calgary to 1,559 homes and sales of homes in the same category increased by 20% to 535 homes sold.
Calgary
With a healthy economy and a new and effective city council, momentum in Calgary's real estate market continued into the last half of 2012, especially in the high end. Compared to the same July to December period in 2011, listings over one million dollars were up by 38 per cent and sales of real estate in the same category were up 21 per cent. The average days on market for homes over a million dollars increased slightly to 66 days and the percentage of properties selling over asking price dropped slightly to 5 per cent. High-end neighborhoods like Elbow Park and Glencoe were among those to see strong demand. Comparing 2012 to 2011, listings of homes over one million dollars increased by 65% in Calgary to 1,559 homes and sales of homes in the same category increased by 20% to 535 homes sold.
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