Calgary Real Estate Update: November 25
(Calgary - November 2013): Calgary residential property sales climbed 14% in the first 24 days of November *versus the same period in 2012*.
Despite the seasonal slowdown in the market - associated with colder weather and the upcoming holidays - the Calgary Board's MLS® System recorded combined metro sales of 1,349 properties month-to-date *MTD*.
Calgary homes accounted for most of the increase in sales, with single family home sales seeing a 17% increase month-to-date *MTD* over 2012. Calgary condo sales rose 8% over last year. The median sale price of both Calgary homes and condos rose by 9% *MTD*.
To paraphrase CREB's chief economist Ann-Marie Lurie:
Price growth is related to stronger than…