Calgary home sales in the first week of November were up 6.82% as a total of 470 properties sold compared to 440 during the same period a year ago.
The November (month-end) sales record is 2,229 set back in 2005. In the first week of that month, there were 540 sales. With two fewer weekdays this month and sales already trailing 2005’s pace, it’s unlikely a new peak will be established.
City of Calgary prices, on the other hand, have been up year-over-year every month in 2014, and for each of those individual months the average, median and benchmark price were record highs.
Currently, the all-time peak prices for the City of Calgary overall are:
- Average price: $492,147 (June 2014)
- Median price: $434,750 (May 2014)
- Benchmark price: $460,700 (October 2014)
- Index level: 215 (August, September & October 2014)
So far in November, the average price is up 2.62% y/y from $473,602 to $485,987 and the median is up 4.75% from $410,500 to $430,000.