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Market Update July 2014

Posted by Arshad Rashed on Thursday, July 3rd, 2014 at 10:16am.

Residential sales and listings in Calgary increased by double digits in June compared to the same time last year.  Last June was not a normal month due to the floods impacting housing activity.  The historic floods of 2013 forced residents and business owners from their homes and places of work.  It's not surprising that many Calgarians were not focused on purchasing or listing their homes at that time. Today economic conditions continue to support housing demand growth, however improving supply should help push our market toward more balanced conditions.  

The detached benchmark price for June is $509,700 an increase of 10.88% year-over-year. The apartment benchmark price is $299,700 an increase of 13.52% and the attached benchmark price is $326,000 an increase of 10.51%.  Overall sales for the month totaled 6,647 units, compared with 3,057 during the same period last year.

Call Jeff Campbell 403-275-3331



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