Calgary Housing Market: New Average Sale Price Record

January kicked-off the real estate market in Calgary on a good note: total sales and average sale price hit new highs last month. According to numbers released by CREB, total MLS sales in Calgary rose 15% in January, and average sale price rose 12% for the month.

The average sale price in January was $439,671, which also set a new record for the month. The previous record for average sale price in Calgary, was $413,271 during 2008.

By the numbers:

• Total MLS sales in Calgary for January were 1,230 a 15% increase• New listings in Calgary for January were 2,493, a slight decrease
• Average single-family sale price in January was $496,579, up 13%
• Average condo apartment sale price in January was $280,273, up 13%
• Average condo townhouse sale price in January was $320,590, up 7%

With inventory low right now in Calgary, this will likely result in quick sales of homes. The market is slightly favourable to sellers at this time, but there are still great options available to homebuyers in Calgary. If you have questions about the current marketplace, or what your home is worth, please contact us.

 

 

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