According to the CREB, both resale housing sales and prices were up this September when compared to the figures released last year during the same month. There was a jump of 10.68% for sales on the Calgary MLS® with 1,617 transactions taking place. At the same time, prices also increased, up .44% from September 2011. The average price for a property rose to $419,332.
Condo apartments were up 4.01% over last year's September prices with the average selling price of a condo rising to $286,226. There were 276 condos sold in September, which is a rise of 16.95%. Townhouse sales rose 10% with 209 being sold while the average price for a townhouse sale went up .14% to $329,558.
The average price for a single-family home went up to $468,360 in September of this year, which is a rise of .47% over September 2011. Sales also shot up 9.37% with 1,132 homes selling in the Calgary area.
It seems that people have been returning from their summer holidays and getting settled in for some serious home hunting. There is still some housing left over on the market from this summer and people are taking advantage of the low interest rates while they're still available. Properties are selling as long as they are priced right.
As you hear about economic uncertainties in Canada there continues to be improvements in consumer confidence in Alberta as this province shows economic growth that’s stronger than the nationwide figures. Job wages in Calgary are constantly improving as is employment growth for full-time workers. These factors, along with low interest rates and high immigration, keep Calgary moving forward at a faster pace than the rest of Canada on average.
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