(Source: Calgary Herald)

As of Aug. 25, unofficial preliminary data indicate that single-family home sales in Calgary have averaged $459,734 for the month, according to the website of Mike Fotiou, of First Place Realty. That’s more than $19,000 over the average in August 2008, when it was $440,625.With less than a week of sales to go in the month, the average MLS price could show the first year-over-year increase on a monthly basis since February 2008.

It’s another sign the local real estate market has rebounded.

Read Mario Toneguzzi’s full article “Calgary home prices stage rally” in the Calgary Herald (August 26, 2009).

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