Taking a peak at the daily statistics it would appear that apt-style condominiums in Calgary are experiencing a price surge.
The MTD average price is up $30,362 or $11.35% from last June to $297,915. It’s also up 6.4% from last month’s average of $280,029.
What’s the main reason behind this increase? Two units in Eau Claire sold for $1.6M+ while another unit downtown sold for $1,215,000. (click to view)
With only 211 sales so far this month (even fewer than the 215 last June during the same period) those 3 pricey sales skew the average price. Especially so since last June didn’t see any million dollar sales between the first and nineteenth.
If we were to remove those 3 luxury sales, the MTD average would be $280,553, essentially flat from last month but up nearly 5% y/y during the same time period. Note: June 2011 month-end average price was $275,903
June 1-19, 2012: $262,000
May 2012: $252,750
June 1-19, 2011: $252,000
June 2011: $253,000
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