'Not as frenetic': Calgary home sales fall for third month in a row as market keeps cooling

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Prices eased slightly to $531,800, down from $539,900 in July, but are still up more than 11% from last year. Read more.

, benchmark prices eased slightly to $531,800, down from $539,900 in July. However, CREB said, “it is important to note that previous gains are not lost, and prices remain over 11 per cent higher than last year.”Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The average cost of a detached home in Calgary was $633,600 in August — nearly 13 per cent higher than the same time last year. However, that’s a decrease from the $643,600 average detached home price in July. Meanwhile, semi-detached price levels are over 10 per cent higher than last year with a benchmark price of $569,300.In the semi-detached market, Calgary is still facing a supply shortage.

Condominium prices remain relatively stable compared to July and remain more than 10 per cent above last year’s levels. Despite the recent gains in prices, apartment condominium sales remain below peak prices set back in 2014.

 

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