Demand for High-End Real Estate in Calgary Remains High

CALGARY, ALBERTA--(Marketwired - July 8, 2013) According to Sotheby's International Realty Canada's Top-Tier Report Calgary's high-end residential real estate market continues to display strong market fundamentals, setting records in the first half of 2013. According to the latest report released by Sotheby's International Realty Canada, Calgary's high-end market has experienced both a steady rise in sales volume over $1 million and a strong decline in days on market for key segments compared to 2012. Read complete article here.

Calgary Condominiums Over $1 Million

The Calgary condo market demonstrated steady growth from the latter half of 2012. Properties between $1-2 million represented the greatest sales volume in the high end within the past six months with 14 condos sold. Properties between $2-4 million also saw a 150% increase in units sold, compared to July to December 2012. Condo sales over $4 million remained quiet with no change in volume or days on market compared to the last half of 2012. In the first half of 2013, a total of 19 condominiums sold over the $1 million mark in the first half of the year, reflecting a 58% increase compared to the latter half of 2012 and 37% decline compared to January 1 to June 30, 2012.