Towns outside Calgary see growing real estate market

The residential real estate market in Calgary is having a healthy month so far in terms of sales and prices.

That too is what is being experienced in the towns outside of Calgary.

According to the Calgary Real Estate Board, month-to-date until May 28, there have been 414 MLS sales in that market, up 7.25 per cent from the same period a year ago. The median price has moved up by 3.3 per cent to $360,500 while the average sale price has increased by 7.53 per cent to $402,102.

As a comparison, sales in the city of Calgary are up by 5.05 per cent month-to-date to 2,204. The median price has improved by 4.24 per cent to $405,500 and the average sale price has risen by 3.88 per cent to $462,143 compared with the same period last year.

-Calgary Herald