There are just a few days remaining in May and the Calgary real estate market will likely post several new records at that time.
Single Family Home Average Price
Record: $518,604, March 2013
Single Family Home Median Price
Record: 450,000, March 2013
Luxury Home Sales (1M+)
Month-to-date: 71 (16 currently pending)
Record: 80, May 2012
Sales across all three market segments still aren’t anywhere near boom-time levels, but are on pace for another year-over-year increase in May.
Not only is Calgary bucking the national trend by being one of only two major cities with y/y sales growth, it’s also posting the largest price increase as well.