Resale Market Condos See Strongest Sales in Calgary’s Southwest Quarter

Posted by Alan Zunec on Saturday, October 20th, 2012 at 2:47pm.

The southwestern end of Calgary saw the most activity in the resale housing market in the multi family sector from July through September in 2012. The Calgary Real Estate Board just posted their latest report.

Known as Zone C, which covers most of that southwest quadrant, saw 843 units change hands, bringing in an average sale price of $323,991. That is twice as much activity as Zone A, the northwestern quadrant, which came in second. That zone saw 445 sales, with the average price coming in at $288,179.  Zone C also saw properties on the market for an average of 48 days, again the best record in the city.

The Connaught neighbourhood was the flagship in Zone C, with 95 units sold and with the average price per unit at $321,935. This same Zone C also took the honors for the highest retail price, that aforementioned $321,991, the best figure seen during the last three months. Also of note, that average prices is the highest seen in 2012.

Zone C also had a strong third quarter in 2011. The zone saw 750 condos sold, coming it at an average sales price of $314,073. Connaught was also a star during that same quarter, with 82 sales on the books.

Currie Barracks came in as the neighbourhood with the highest average sale price in that same market, at $763,209. The Bayview community saw the highest price for an individual sale, a condo that went for $905,000.

During 2012’s third quarter, Zone D, or southeast Calgary, saw 184 condos change hands, coming in at an average of $277,889 per unit. Zone B, the northeast end, had 119 sales for an average per unit of $166,922. The Forrest Lawn neighbourhood saw the lowest average price for resales, with $112,200 per units, with five units being sold.

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