Single family transactions hit 962 last month, an increase of 8.09 per cent over November 2010. The average sale price was $470,665, an increase of 3.31 per cent when compared to last year.
Condo sales also hit it big last month when compared to the November 2010 figures. Sales were up by 26.77 per cent, though the average sale price declined 3.97 per cent to $273,356.
“Despite any global economic cautions, consumers are actively seeking well-priced listings in the market, a reflection of their positive long-term outlook for the city,” said Sano Stante, president of CREB, in an article published by the Calgary Herald.
“Following two years of employment losses, the current growth in jobs is translating into improvements in the housing sector and a more optimistic consumer,” he explained.
The strong sales figures have been attributed to solid job growth in the city and the affordability of the market.
Keep up the great numbers Calgary, the entire country is rooting for you!