Calgary’s Real Estate Market
Written May 14, 2021
After a few years of low numbers in Calgary’s Real Estate Market, we are seeing that prices have fully recovered to 2014 Levels!
Here are some key statistics coming out of the Calgary Real Estate Board:
Total sales are up 462% compared to April 2020
The number of Days On Market is down 40.16% compared to April 2020
Both the average and median prices are up 20.30% and 15.63% respectively compared to April 2020
As of April, the benchmark price rose to $529,100. This is nearly 11 per cent higher than last year and more than $30,000 higher than levels recorded at the start of 2021. The recent gains were enough to push the benchmark price to a new high, reflecting full price recovery from 2014 levels.
This information was collected from CREB®
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Jamie Palmer
Written by Jamie Palmer, President/Broker of Power Properties Ltd.
Jamie Palmer is the President and Broker of Power Properties. He holds a Certified Property Manager (CPM®) designation, the highest designation in Property Management in North America. He earned an Honors degree from the University of Toronto, and he has over 2 decades of experience in property management.
About Power Properties Ltd.
Founded in 1980, Power Properties has been providing hassle-free property management services to property owners, property investors and non-residents with homes in Calgary, Edmonton, Lethbridge and Medicine Hat for over 45 years. Our full-service property management includes everything from move in to move out, so you don’t have to worry about the day-to-day operations of your rental property. With a team of licensed professionals, years of experience, and award-winning service, you can rest assured that your property is in good hands.