Calgary’s resale housing market experienced a record month in June with the average MLS sale price reaching an all-time high and luxury home sales setting a new monthly peak.
According to the Calgary Real Estate Board, the average MLS sale price for residential properties in the city climbed to $491,928 during the month, eclipsing the previous high of $486,531 established in May.
Prices were up 5.48 per cent from a year ago.
Average sale price records were also set in the single-family category at $562,382 and the condo apartment sector at $350,712.
Previous records in those categories were $556,522 for single-family homes in March of this year and $332,731 for condo apartments in October 2007.
In June, there were 2,670 MLS sales, an increase of 15.78 per cent from a year ago while new listings rose by 27.22 per cent to 3,814.
Active listings at the end of the month were up 3.10 per cent from last year to 4,726.
Calgary’s luxury real estate market set a new all-time sales peak for the second straight month.