Resale Home Sales and Prices in Calgary on the Upswing

Posted by Alan Zunec on Tuesday, October 4th, 2011 at 9:00am.

The Conference Board of Canada released a report about prices in the Calgary resale home market this past Friday. It showed that in August, the average price for such a home was more than $400,000, specifically $404,755. That is an increase from the average of $391,497 seen during that same month in 2010.

This past August also saw 22,092 resale homes change hands, compared to the 18,816 sold in August of 2010. New listings have also increased with 44,940 this August compared to the 43,536 seen in 2010. The board also predicts that Calgary will see a year over year price increase of between five percent and seven percent.

The Calgary Real Estate Board also reported on September sales. This year, up until September 22nd, the month saw 740 single family home sales through the MLS system, going for an average of $466,754. During the same period 307 condos changed hands, averaging $302,460 per unit. In 2010, for the same time period, the city saw 682 single family sales averaging $467,486, and 258 condos going for $280,790 on average.

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