The May long weekend didn’t distract focused buyers as 394 single family homes sold in the third week, matching the previous week’s tally. With 370 sales in the first week and 394 in both week 2 & 3, it brings the month-to-date total to 1158 which is a 23.85% increase y/y.
This month’s high-end market activity is continuing at a spirited pace and has already matched last May’s month-end total of 51 single family homes selling for $1M or more.
Average prices this month continue to tread above $500,000. Calgary’s average price has only once eclipsed the $500,000 mark at month-end: back in July 2007. In any case, prices are on track to set a new May record.
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