April 1-7, 2012 Calgary Real Estate Update

Calgary’s real estate market isn’t setting any new records, but it’s posting the strongest April sales numbers since the boom.

It’s the  single family segment specifically that continues to be the strongest sector with sales so far this month up +26.88% from last April. Year-to-date, sales are up 11.5% from 2011.

New listings are finally beginning to trickle in, up 8.35%  from the same week last year but only 3 more listings than Mar 1-7, 2012.

Twelve single family home have sold for a million dollars or more this first week of April, compared to only four last year.  This has helped boost the average price 1.98% to $477,122.  The median is up 0.7% or $3,000 to $418,000.

(click to enlarge image)

Taking a closer look at the condominium market, we see it’s townhomes that are showing gains while apartment-style condo sales are lagging.  Prices, however, are up for both segments although it’s still quite early in the month with a small statistical sample size.

(click to enlarge image)


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