Jul 4, 2014, Calgary’s real estate market continues to bounce back from last summer’s historic flood

kevin.usselman Jul 3, 2014 08:04:14 AM

The Calgary Real Estate Board says while it’s hard to compare figures from June 2014 to June 2013 because of the flood, they certainly outpaced the 10-year average.

New listings totalled 3,814, an increase of more than one thousand from the previous month.

The keys to 2,670 homes changed hands in June. That’s 18 percent above the 10-year average.

CREB’s Chief Economist Ann-Marie Lurie tells 660News, the increase in listings should take some of the upward pressure off prices.

As for prices, the benchmark price for a single-family home is now pegged at $509,700, one per cent higher compared to May and 10.9 per cent more than in June 2013.

Apartment-style benchmark prices came in at $299,700, and townhouse-style units at $326,000.00.

Next week CREB will update real estate activity in Airdrie, Cochrane and Okotoks.