September was a good month for Calgary’s resale market according to figures released by the Calgary Real Estate Board.
The statistics reveal that from September 1st to 25th, total MLS sales in Calgary were 1,345, up 15.55 per cent year-over-year. Meanwhile, the average sale price dipped 0.55 per cent to $418,120.
The single-family home market saw 937 transactions. This is an increase of 13.16 per cent from September 2011. The average price decreased by 0.44 per cent to $466,844. The condo sector saw sales jump by 23.66 per cent to 230, with the with the average sale price rising by 1.83 per cent to $282,226.
Finally, in the condo townhouse category, sales were up 18.67 per cent while the price has risen by 1.99 per cent to $337,228.
The increases reported by the CREB are consistent with an earlier report from the Canadian Real Estate Association which revealed that Calgary had the highest annual sales growth among the major markets in Canada in August 2012.