August 1-28, 2014 Calgary Real Estate Market Update

How busy of a month has it been in the Calgary real estate market? Even if no more homes were to sell in the remaining three days, it would still be the third best August.

August 2005 holds the sales record with 2326, followed by August 2013 with 2192. Month-to-date, we’re at 2061.

Ultimately, a large factor is the number of weekdays in the month and we’re shortchanged this August.  There were 23 weekdays in August 2005, 22 last year and only 21 this month. But now I’m just splitting hairs.  Regardless of the final total and whether it’s a record sales month or not – it was still a great month.  Note these year-over-year price gains MTD:

Single family home
Average price: +5.59%, from $513,747 to $542,463
Median price: +6.98%, from $448,000 to $479,250

Condo-Apartment
Average price: +11.31%, from $299,974 to $333,914
Median price: +10.58%, from $260,000 to $287,500

Condo-Townhome
Average price: +14.10, from $328,925 to $375,297
Median price: +9.77%, from $307,000 to $337,000

For the final month-end statistics from CREB®, check back on Tuesday.

Calgary Stats Summary, August 1-28, Y/Y Comparison

Calgary Stats Summary, August 1-28, Y/Y Comparison

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