Calgary’s housing market set of number of records last month, from total sales to average prices, according to the latest data from the Calgary Real Estate Board (CREB).
May’s record-breaking numbers:
- Average price of a single-family home: $521,887. This eclipsed the previous record of $518,604 set in March of this year
- Median price: $454,400. This number is a 4.24% increase from last year and bested the previous median price record of $450,000 set in March 2012
- Highest level of luxury home sales (properties more than $1 million): 84 sales in May. The previous record was 80 sales in May 2012 (source for that number: The Calgary Herald)
Other notable numbers from CREB’s May report:
- Sales activity in all categories totalled 2,544 units for the month, a 7% increase over May 2012 figures
- Single-family sales totalled 1,766 units in May, 3% higher than levels recorded in 2012
- The unadjusted benchmark single-family price in May was up 6.88% to $456,900
- In the first five months of this year, condo sales totaled 1,672 units, a 10% increase over the same time last year
- In May, the benchmark price for a condo reached $263,600, a year-over-year increase of 7%
- Townhomes reached a benchmark price of $292,100, a 5% increase over the previous year
You can read the whole report for yourself here.