July 2016

Found 1 blog entry for July 2016.

Have some great news to share with Calgary homeowners: after a challenging 2015, sales of luxury homes are actually on the rise! According to the Calgary Real Estate Board, 318 properties sold for over 1 million dollars in the first six months of 2016, compared to just 221 sales in the second half of 2015—that’s an almost 10% uptick!

If you’re curious about the breakdown, 289 of those 2016 sales were properties costing between $1 and $2 million; the rest sold for between $2 and $4 million. To date in 2016, there have been no Calgary sales for homes costing over $4 million. The good news doesn’t stop at the number of sales taking place in this city…Luxury listings also spent less time on the market this year, taking an average of 52 days to sell

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