Calgary real estate prices went up again last month as did sales in the resale housing market on a year-over-year basis. Sales in Calgary were up 7.07% when compared to the numbers reported last year. In total, there were 2,545 listings sold during the month of April. The warmer weather and the signs of spring were encouraging to many buyers and sellers that were putting their real estate activities on hold during the long winter.
Fortunately, there was also some relief with the new listings being added at the beginning of the month. When compared to last April, there was a rise of 8.03% in the number of new listings but by the end of the month there was a decrease of 13.11%.
The average price of a listing in April was up 7.42% when compared to April 2013 to $479,264. The median home price increased 7.28% to $429,000. The prices in April were up when compared to last year but they decreased slightly when compared to the housing prices in March. During the month of March many price records were set in the city.
According to the Calgary Real Estate Board’s chief economist, Ann-Marie Lurie, there was a rise of listings in all sectors. Even the single-family housing market saw improved listings but there weren’t as many at the lower-priced end of the market. The listings improved mainly in the $500,000+ single-family home sector.
In April, there were 1,736 single-family home sales, 449 sales of condo apartments and 360 condo townhouse sales. In the towns surrounding Calgary there were 595 sales taking place, which was the largest increase on a year-over-year basis. Sales recorded in the towns were up by 36.47% when compared to last year's figures.