How did Calgary’s 2013 Home Search & Sales stack up?

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The last year was a great one for Calgary’s real estate market. Despite the flooding in our province, and changes in the mortgage market, it was a positive year for the housing market.

December ended the year with an 8% increase in sales volume, and now that CREB has compiled the numbers for the year, we can share some of the highlights with you.

• For 2013, sales volume increased 11%• Prices rose 8.6% from 2012
• Residential units sold totaled 23,489 for the year
• Condo sales increased 14% from 2012
• The market favoured sellers for the better part of 2013

“Sales growth exceeded expectations in 2013, pushing above long-term trends,” said Ann-Marie Lurie, CREB®’s chief economist. “Two consecutive years of elevated levels of net migration, combined with an improving job outlook and confidence surrounding long-term economic prospects, supported the demand growth.”
Read the full article and statistics package from CREB online.

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