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.