Resale prices soar within Calgary

It looks as though Calgary’s real estate market is on the upswing.

Several communities had substantial price increases and sales from January to the end of October compared to the same period last year, says the Calgary Real Estate Board.

More than 61 per cent saw increases in the average number of sales, with Collingwood leading the way with a whopping 220 per cent increase.

When it came to price increases, the southwest neighbourhood of Shaganappi took centre stage with average price increases of 140 per cent compared to 2010.

Chinook Park, Downtown, Elboya and Scarboro were the areas of next highest increases, averaging price hikes of almost 33 per cent.

“A boost in full-time jobs throughout the year is gradually translating into improved sales in the real estate sector,” says CREB president Sano Stante in a news release. “Consumers are taking advantage of price stability and a healthy variety of selection. While these gains are moderate, we are set to outpace 2010 sales.”

Calgary residential sales totalled 16,184 after the first 10 months of the year — an increase of more than eight per cent compared to the same period last year.

Almost 75 per cent of those sales were single-family homes totalling 11,503, a 10-per-cent increase compared to last year.

Meanwhile, condo sales from January to the end of October lagged behind the pace for single-family homes, increasing three per cent compared to the same period last year.

Average condo prices experienced a slight decline, mostly due to increased sales in units priced under $200,000.

“Overall, the resale housing market continues to show signs of improvement and, with no near term change in interest rates, we can expect the market will continue to see moderate and stable growth throughout the rest of the year,” says Stante.


Sales of luxury single-family resale homes increased within October, says the Calgary Real Estate Board.

Sales of such homes were on the rise, boosting the average price of single-family homes for October to $455,399. The median price was $395,000.


Post CommentComments: 0Read Full Story
Categories: 204 Kincora Glen N.W. | 5 Copperpond Link S.E. | 5535 Forand Street S.W. Calgary ,AB. | Airdrie, Airdrie Real Estate | Albert Park, Calgary Real Estate | Alberta Travel Video | Backing onto Pond | Beltline, Calgary Real Estate | C-207, Calgary Real Estate | Calgary 2013 Real Estate | Calgary Affordable Homes | Calgary Alberta Tourism Tube | Calgary Community Link | Calgary Real Estate | Calgary Real Estate Channel | Canada Housing Sales | Canyon Meadows, Calgary Real Estate | Choosing Colors for your Rooms! | Coach Hill, Calgary Real Estate | Cochrane, Cochrane Real Estate | Community information | Condominium Building Continues in Calgary | Connaught, Calgary Real Estate | Continued Growth | Copperfield, Calgary Real Estate | Cougar Ridge, Calgary Real Estate | Country Hills Village, Calgary Real Estate | Evanston, Calgary Real Estate | Family Calgary Things To Do | Garrison Green | Garrison Green, Calgary Real Estate | Hamptons, Calgary Real Estate | | Huntington Hills, Calgary Real Estate | Kenton Ryan | Kenton Ryan Launching New You Tube Channel | Kincora Summit | Kincora, Calgary Real Estate | Lake Bonavista, Calgary Real Estate | Little Calgary | Lower Mount Royal, Calgary Real Estate | MacEwan Glen, Calgary Real Estate | Manchester, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | Midnapore, Calgary Real Estate | Millrise, Calgary Real Estate | Moving Brokers | New Brighton, Calgary Real Estate | New Schools Announced for Calgary | Ogden, Calgary Real Estate | RE/MAX Real Estate (Central) | Real Estate Internet Marketing | Resale Upswing! | Riverbend, Calgary Real Estate | Royal Oak, Calgary Real Estate | Shaganappi, Calgary Real Estate | Somerset, Calgary Real Estate | Strathmore, Strathmore Real Estate | Technology in Real Estate | Temple, Calgary Real Estate | Thinking of Moving to Alberta | Tuxedo, Calgary Real Estate | Valley Ridge, Calgary Real Estate | West Hillhurst, Calgary Real Estate | Woodbine 6 Bedroom Home in Cul-de-sac! | Woodlands, Calgary Real Estate |

Kenton Ryan

Office: 403-216-1600

Fax: 403-476-0405

  looking at buying
  past client
  Contact Me
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.