Resale Flexes Muscles
By Marty Hope
Calgary Herald June 11, 2011
May was a relatively strong month for resale residential activity in smaller centres surrounding the city, says the Calgary Real Estate Board.
There were 395 sales in May, an increase of nearly 17 per cent from the 338 for the same month last year, it says.
But from January to Mary, 2,386 homes changed hands, down from the 2,676 deals for the same period in 2010.
In terms of average price, both the May and the five-month averages trail year-ago figures.
Last month, the average was $343,071, down from $363,231 a year ago -while the five-month figures are $348,840 and $358,879 respectively, says the board.
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