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Market Update August 2014

Posted by Arshad Rashed on Tuesday, August 5th, 2014 at 8:14am.

Growth in new listings outpace sales growth in July, supporting double digit inventory gains which moves the market towards balanced conditions.

Calgary's housing market continues to demonstrate exceptional levels of sales and strong year over year price gains. This is a reflection of the economic factors supporting this market including gains in net migrations, employment wage growth and favourable lending rates.

The detached benchmark price for July is $511,600 an increase of 5.42% year-over-year. The apartment benchmark price is $298,100 an increase of 11.40% and the attached benchmark price is $327,000 an increase of 11.04%.  Overall sales for the month totaled 2,336 units, compared with 2,264 during the same period last year.

Call Jeff Campbell 403-275-3331



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