April housing sales tell different stories for districts
While the sun might be shining in Calgary this spring, this city’s resale residential housing market was overshadowed by another month of declining sales and prices in April, according to CREB®.
However, despite inclement conditions, some areas of the city and segments of the market emerged as bright spots, with several posting double-digit sales increases, the board reported in its recent monthly housing summary.
Calgary’s West district recorded 128 detached sales in April, a nearly 31 per cent increase when compared to last year. It was followed by the North West, which posted a 20 per cent increase in detached sales with 187 units, the North at more than 11 per cent to 166 detached sales and City Centre at nearly four per cent to 111 detached units.
“Our market is incredibly diverse, and these numbers verify that. Different areas and price points have and will continue to react divergently to economic conditions,” said CREB® president Cliff Stevenson.