Calgary housing market

Photo: Dave McLean/Flickr

Calgary’s housing markets continues to show why it’s one of the strongest in the country, posting more big gains in both prices and sales last month.

According to the latest data from the Calgary Real Estate Board (CREB), there were 1,953 home sales in October, a 17.72 per cent increase from the same month last year. (Tweet this fact)

The average sale price rose five per cent to $458,876 while the median price climbed 5.96 per cent to $409,000. (Tweet this fact)

The average number of days on the market dropped from 45 in October 2012 to just 40 in October 2013.

“Some people have noticed that properties are selling quicker, and at times above list,” said CREB president Becky Walters. “But, in spite of very positive signs, we are not seeing a repeat of 2006.”

Focusing in on the city’s condo market, the latest CREB data shows sales climbed 24.35 per cent from where they were a year ago while the average price rose 6.76 per cent to $309,414. (Tweet this fact)

The average price of a single-detached home in Calgary hit $516,244 in October, a 4.76 per cent increase.

Townhome prices rose from $321,643 in October 2012 to $365,036 last month — a 13.49 per cent hike.

Click here to see all the latest data from CREB.

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