The single family market recorded 1,153 sales in the month of July 2011. This is an increase of 26 per cent when compared to July 2010 when 915 single family homes sold in the city of Calgary.
Condominium sales also have gone up by 14% compared to the same month last year. New listings are still lower than levels recorded last year. The rate of decline for July 2011 was 16%.
Average price of a single family home for July 2011 was $456,000 while the median price was $409,000, which is 3% higher than the previous year. Year over year sales and prices continue to trend higher showing more buyers moving in to the market.
See the complete Calgary Real Estate Report July 2011.