With only a few days left in May it appears that the Calgary real estate market is on the verge of breaking a few monumental records.
According to CREB as of today May 30, 2013, the average sale price of a Calgary home is $532,071. The current record for average sales price for Calgary homes was set in March of this year with a sales price of $518,064. Unless something drastically changes, it is likely that May housing prices will hold strong and break this record.
Another impressive record that we will likely see broken is the number of luxury home sales in Calgary. To qualify to be considered a luxury home the property must sell for $1 Million plus. The record is currently 80 luxury home sales which was set in May 2012. As of today, May 30th 2013, there has been 71 luxury home sales with over 15 sales pending. If these deals finalize this will be a very memorable month for the Calgary Real Estate Market.
If you are interested in more information on the Calgary real estate market, or if you are looking to buy or a sell a property in Calgary please Contact Us today, Century 21 Bamber’s top team would love to help you.