According to a report released by CREB® earlier this week, trends show that Calgary growth is slowing, but town sales continue to soar. Following higher than expected sales growth over the last few months, August still saw a 10 per cent increase in residential sales from last year.
“While the sales grow remains strong, it is slower than previous five months in part due to the lack of new listings in the City’s single family market,” said Bob Jablonski, CREB® President in a press release. “With fewer products to choose from, many consumers are holding off on transacting or turning to surrounding towns, the new home market and condominiums.”
By the Numbers: August
• Calgary residential sales in August totaled 1,725
• Single family sales totaled 1,169
• Benchmark price for a single family home was $432,600
• Benchmark price of a condominium apartment was $248,700
• Benchmark price of a townhouse style condominium was $278,200
Do you have questions about these numbers or the real estate market in general? We are happy to answer them for you! Simply contact us.
