Calgary: April Sales Down Year Over Year

Calgary Real EstateMLS sales for single-family homes and condos fell in April compared with a year ago, according to the Calgary Real Estate Board. In releasing its monthly data on Monday, CREB said single-family transactions were down nearly 10 per cent from April 2010 to 1,217 sales. However the average sale price rose by almost 4.2 per cent to $479,575.

In the condo market, there were 535 sales in April, down almost 16.3 per cent from a year ago while the average sale price dropped by 0.15 per cent to $289,158.

“While our spring market has been a little slow to get started, we are seeing our inventory levels return to healthy levels,” said Sano Stante, president of CREB. “This trend, combined with an improving job market, will help warm up Calgary’s housing market in the coming months.”

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