The Calgary real estate market showcased remarkable stability and growth in April 2005, setting new records for listings and sales through the Multiple Listing Service (MLS®).

A record-breaking 4,226 residential listings entered the market, up slightly from 4,165 in March 2005 and 4,109 in April 2004. This included 3,056 single-family homes, 1,118 condominiums, and 52 mobile homes. Year-to-date, 15,325 residential listings have been recorded, reflecting a strong market supply.

Residential sales also reached unprecedented levels, with 3,216 units sold in April 2005, marking a 24.07% increase over April 2004 and an 8.39% rise from March 2005. Sales comprised 2,358 single-family homes, 844 condominiums, and 14 mobile homes. Year-to-date sales totaled 10,013 units, up from 8,816 during the same period in 2004.

The average combined residential sale price in April 2005 was $249,331, a 13.27% increase from April 2004 but slightly below March’s $250,285. Year-to-date, the average price stood at $246,535, compared to $220,405 last year. Single-family homes averaged $274,126, condominiums $183,528, and mobile homes $40,157. The median combined residential price was $221,500, up 0.68% from March and 9.11% from April 2004.

Calgary’s thriving market reflects its robust economy, bolstered by low interest rates and healthy in-migration. According to Calgary Real Estate Board President Marilyn Jones, these factors are driving sustained market strength.

With 4,705 licensed brokers and agents across 257 broker offices, the Calgary Real Estate Board continues to support this dynamic and growing market.