Condo and Home Sales Find Their Footing - June 2011 Calgary Real Estate Board Statistics
Posted by Jeff Mikolajow on
First year-over-year increase in monthly condominium sales since April 2010
Calgary, July 4, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), residential sales surged in the month of June 2011 to 1,979 units. While this indicates a third more sales than June 2010, the year-to-date increase proved a moderate 2 per cent. Strong monthly increases does not imply a housing boom, as it is important to put into perspective that sales activity remains below long term averages. While the single family market has shown signs of improvement throughout the first half of this year, this is the first time since April 2010 that condominium sales have recorded a year-over-year increase.
"Improved housing demand is being fueled by a…
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We've updated the Calgary Real Estate Marketing section of our website to include a copy of our advertisement from the June 24, 2011 issue of Calgary Real Estate Board News.
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