Calgary’s high-end residential market experienced a steady rise in sales as well as a decline in days on the market in the first half of 2013, according to a report by Sotheby’s International Realty Canada.

The Top-Tier Real Estate Report analyzes year-over-year data for single-family and attached homes and condominiums over $1 million. Between Jan. 1 and June 20, Calgary saw a 10 per cent increase in sales over $1 million in comparison to the same period in 2012, and a 75 per cent increase from the second half of 2012.

“The first half of 2013 saw positive growth within the Calgary market, and we remain optimistic this momentum will continue into the latter half of the year,” says Sotheby International Realty CEO, Ross McCredie.

During the first half of 2013, sales volume for condominiums over $1 million grew by 58 per cent in comparison to the last half of 2012, but were 37 per cent lower than the same period in 2012. Nineteen condos sold for more than $1 million in the first half of the year, with 14 in the $1 to $2 million range. There was an increase of 150 per cent for sales of condos between $2 and $4 million, compared to the second half of 2012. There were no changes to the market for condo sales over $4 million.

In the first half of 2013, the attached home market gained the most in sales volume, increasing 217 per cent over the last half of 2012. Single-family home sales over $1 million also continued their upward rise, with a 67 per cent increase from the latter half of 2012.