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CONDO SALES remain at 29 per cent of Calgary Sales

I was reading an online report this week and was stumped by one of the quoted figures in the report published... The quoted condo sales figure for Calgary looked like half of what it has been for all the time that I have been in the real estate business at about 30 per cent of total sales.

So, I calculated the actual statistics from January 1 to October 30th of this year.

Total Recorded Sales: 23,806

Total Condominium Sales: 6,941 = 29.2%

Condominium Sales breakdown:

Apartments: 3,501

Detached homes: 61

Row/Town homes: 3,115

Semi-detached: 264

[source: CREB/Pillar-9]

As almost everyone realizes that this year has been anything but usual for real estate in Calgary. The share of condo sales at 29 per cent is particularly low, and I expect that number to return to at least a third of the market share in this coming year.


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