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In just a little over halfway through August, Calgary's real estate sales are up over 32% from last year. The record number of sales for August was set in 2005, and the marketplace is already on pace to beat that.

 

According to the Calgary Real Estate Board, for the first three weeks of August, the average sale price increased by 10.14 per cent to $456,105 and active listings of 4,089 were down 24.57 per cent. - Calgary Herald 


Could the floods have contributed to the near record-setting numbers? Many experts believe that could be the case. But either way, sales are high and we're sitting in a marketplace favouring sellers right now.

 

Here's a quick snapshot of the numbers:

 

• In the first 3 weeks of August, there have been 1,462 MLS sales in Calgary

• For the same period in record-setting August 2005, sales were 1,516

 

While this trend indicates a seller's market, there's still plenty of opportunity for buyers as well in Calgary. If you have questions about the current real estate market in Calgary, please feel free to contact me, or find me on Twitter: @DavidPellettier.

 

 


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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.