CREB: Calgary Home Sales Climb More Than 17 per cent in January

CREB: Calgary home sales climb more than 17 per cent in January

By: Michael Aynsley February 4, 2014

Photo: madlyinlovewithlife/Flickr
Following a strong year of sales growth, Calgary home sales climbed 17.17 per cent in January compared to the same month last year. (Tweet this stat)
According to the Calgary Real Estate Board (CREB) a total of 1,440 homes sold on the Multiple Listing Service last month, the highest January levels since 2008.

“Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in the condominium sector,” CREB chief economist Ann-Marie Lurie said.
Indeed condo and townhouse sales were 33 per cent higher last month then they were in January 2013.

“Consumers looking for more affordable product turned to Calgary’s condominium market, which was the only sector to record growth in new listings, compared to January 2013,” CREB president Bill Kirk said. “The improvement in listings helped ease some of the tightness in the condominium market, however overall conditions continue to favour the seller.”
The average sale price of a Calgary condo hit $314,677 in January, a 12.36 per cent increase from the same month last year. (Tweet this stat)
Still, while the year-over-year condo price gains have pushed into double digit growth territory, the unadjusted benchmark price remains 5.5 per cent lower then levels recorded during the high.
Click here to review the complete sales and pricing data for each housing form.

Calgary Housing Market

CREB