It’s only one week into May but Calgary’s housing market is showing signs of being on a positive trend.
Sales and prices in all categories are up compared with the first week in May a year ago.
According to the Calgary Real Estate Board, total MLS residential sales in the city of 515 from May 1-7 are a 20.61 per cent hike from the same period last year while the average sale price has risen by 3.60 per cent to $464,824.
In the single-family category, month-to-date has seen 370 MLS sales, up 22.52 per cent from last year and the average sale price has increased by 3.14 per cent to $526,119.
The condo apartment sector has experienced 74 sales for an average price of $287,722. Sales are up 2.78 per cent from a year ago while average sale prices have increased 0.43 per cent.
And the condo townhouse market has seen 71 sales in the first week of May for an average price of $329,989. Sales have increased by 33.96 per cent from the same period a year ago while prices have risen by 3.38 per cent.