There’s still a few days left in this month but already MLS sales in August in Calgary have surpassed the levels of a year ago for the same month.
Next week the Calgary Real Estate Board will officially release the August monthly data. However, preliminary, unofficial data on the website of realtor Mike Fotiou, of First Place Realty, shows positive gains in the Calgary market this month.
And this despite some troubling economic news of late.
From Aug. 1 to Aug. 25, there have been 896 single-family home sales for an average MLS sale price of $454,002. For the entire month of August 2010, there were 865 transactions for an average of $445,814.
Month-to-date, there have been 369 condo sales for an average price of $284,349 compared with August 2010 when there were 362 sales for an average of $286,373.
It will be interesting to see where the local real estate market is heading in the fall particularly since the overall economic news continues to be one of uncertainty for the future.
By: Mario Toneguzzi, Calgary Herald