Photo: Asparukh Akanayev/Flickr
Calgary’s soaring housing market showed no signs of a comedown in August as, once again, both sales and prices climbed higher.
According to preliminary data from the Calgary Real Estate Board, a total of 2,267 homes changed hands on the Multiple Listing Service last month, a 3.42 per cent increase from August 2013. The benchmark price hit $459,800 for all housing types, up 10.18 per cent year-over-year. New listings were up 13.6 per cent, active listings climbed 17.89 per cent and the average number of days on the market fell from 37 in August 2013 to 34 last month.
The increase in sales can be attributed to Calgary’s condo and townhome markets, which saw a 13.85 per cent and 19.86 per cent spike in sales respectively. Those numbers were strong enough to offset a 2.38 per cent dip in single-family home sales — down from 1,513 in August 2013 to 1,477 last month.
Benchmark prices, meanwhile, were up across the board: 10.24 per cent for single-family homes, 10.20 per cent for condos and 9.98 for townhomes.