Calgary housing market sets records CREB

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 priceĀ 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.

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