Calgary luxury home sales up 18% from a year ago

Luxury sales in Calgary’s resale housing market continue to boom at record levels.

A new monthly record for MLS sales of properties over $1 million was set in July – the seventh consecutive month – and the 80 transactions brought year-to-date sales at the end of the month to 542, which is an increase of 18 per cent compared with the same period last year, according to realtor Mike Fotiou, associate broker with First Place Realty in Calgary.

Last year, the city set a record with 727 luxury home sales for the entire year.

At the end of July, year-to-date sales were just two behind the total for all of 2012 which was the previous yearly record.

In July, said Fotiou, there were 75 luxury sales in the single-family home market and five in the condo market.

The all-time sales record for any month is 104 which was established in June.

 

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