Calgary Real Estate: Summer Sales Stay Strong!

August new listings recorded a year-over-year improvement of 7.4%. While seller’s market conditions persist and total inventory levels keep falling, improvement in new listings helped prevent further tightening in the market despite the sales growth. City Residential sales within city limits totaled 2,196 units, a 27.5% increase over 2012 and 8.7% on a year-to-date basis. Single-family sales totaled 1,517 units in August, a 30% increase over the previous year. Despite strong sales in the past couple of months, year-to-date sales activity has grown by 5.4%, slightly stronger than anticipated. Year-to-date condominium apartment sales totaled 2,823 units, a 13.7% increase over the previous year. Meanwhile, the condominium townhouse market, like the single-family market, not only recorded strong sales growth but also seen a rise in new listings, helping ease some tightness in this market. Year-to-date sale and new listings increased at a respective 21.4 and 2.6 per cent. Single-family benchmark prices reached $464,700 in August, a 7.4% rise from the previous year and a 0.7% increase over July.  You can view more Calgary stats here.

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