Calgary’s real estate market was hot in April with MLS sales up 26% from last year, according to fresh stats from the Calgary Real Estate Board. The average sale price of $429,388 also increased by 1.95 per cent from the same time last year.
The single-family home category saw sales up 30.64 per cent and the condo apartment category were up 13.23 per cent.
“What we saw in April was strong demand coupled with less good inventory. We also saw lots of multiple offers,” said Cody Battershill, a realtor in Calgary with RE/MAX House of Real Estate, to the Calgary Herald.
Experts are pinning the increased demand for housing on full-time employment combined with improving migration levels.
“While sales activity and the level of new listings continue to remain below long-term trends, the spring market is definitely on the rise over the previous year,” said Bob Jablonski, CREB’s president.
“As confidence in the local housing market continues to build, we anticipate a rise in demand, followed by improved listings from those waiting to see some price appreciation prior to listing their home.”