Across the entire city of Calgary, sales totaled 16,144 last year. Unfortunately, that sales volume is almost 15 percent below sales in 2017, and around 20 percent below long-term averages according to CREB.
Broken down by district, East Calgary saw the fewest number of sales, 501, while City Centre saw the most sales with 3,134. In addition, sales in nearly every price category dropped, even for lower priced homes where demand was among the strongest.
In fact, product priced under $300,000 jumped from 18 percent of overall sales in 2017 to 20 percent of overall sales in 2018. Not surprisingly, homes priced between $600,000 and $999,999 dropped from 18 percent of overall sales in 2017 to just 16 percent of overall sales last year.