Calgary single-family sales and prices increase in May
CALGARY ` Single-family MLS sales and the average sale price rose in May compared with a year ago, according to the Calgary Real Estate Board.
In releasing its monthly data Wednesday, CREB said there were 1,313 single-family transactions for an average price of $489,482 during the month. Sales were up 4.04 per cent from the 1,262 sales in May 2010 and the average price increased by 1.29 per cent from the $483,240 a year ago.
However, the condominium market continues to be slow. In May, 503 condos sold for an average price of $287,384. Sales were down 2.9 per cent from a year ago (518) and the average price was off by 5.67 per cent from May 2010 ($304,662).
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