Luxury home sales soar in August
Posted Sep 4, 2013 07:22:21 AM.
This article is more than 5 years old.
Luxury home sales in Calgary hit a red hot record in August.
Sixty-four homes sold for at least $1-million in the entire month, doubling the total for the same period last year.
There was also a big first last Friday, when 12 homes were sold for at least $1-million, all in one day.
REMAX Realtor Grace Yan tells The Calgary Herald prices continue to rise because of high demand and a low supply of inventory; that means properties are being snapped up fast.
Demand is expected to remain high throughout 2013.