Luxury home sales halved in Calgary

The volume of luxury home sales in Calgary has almost halved according to figures from the Calgary Real Estate Board.

Sales of homes priced at $1 million or more dropped by 42 per cent in April compared with the same time last year; there were 152 sales this year and 261 in April 2014. Total MLS sales fell by 29.5 per cent in the month.

The sharp drop in luxury homes is linked to job security in higher-paying industries as a result of the oil price decline.

The figures also show a drop in Calgary's median MLS listing price which was $484,449 last April and $480,635 now. 
 

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