The Calgary Real Estate Board (CREB) announced yesterday that Calgary’s Single Family, Average Selling price has hit a record. I think we all new it would happen, and it did; we have reached the half a million dollar mark.
According to the statistics on the CREB website, the Average Selling price for a Single Family home in Calgary has peaked at $503,803 while the Median Sale Price in the past 30 days is $440,000. There have been 112 new listings in the last 24 hours which may have been a factor in the slight decrease in the Average Selling price today as it sits at $502,783.
Calgary Real Estate has sure made some headlines in the last year and it looks like we could be in for a few more before the summer is out. The Single Family and Condo markets in Calgary are very strong and I look forward to seeing how things unfold throughout the summer.