According to numbers released by CREB this week, residential sales in Calgary improved from last year, mainly boosted by the increasing condo market here.
Right now conditions are favouring the seller, according to the press release by CREB:
“There is downward pressure on inventory levels, because there are fewer than normal new listings at a time when sales volume is increasing. Inventory levels are 17 per cent lower than levels recorded in 2012. These two factors are creating market conditions that favour the seller, causing stronger than expected price growth.”
The numbers you need to know:
• There were 2,544 home sales last month, up 7% from 2012
• There were 1,766 single-family homes sold last month, up 3% from 2012
• The benchmark price for single-family homes last month was $456,900, up 7% from 2012
• There were 1,672 condos sold last month, a 10% increase from 2012
• The benchmark price for apartment condos last month was $263,600, a 7% increase from 2012
• The benchmark price for townhouse condos last month was $292,100, a 5% increase from 2012
