January's Housing Market in Calgary

Posted by Justin Havre. on Wednesday, February 25th, 2015 at 8:16pm.

Calgary's northwest quadrant was alive and kicking last month recording the most home sales in the city. In this part of Calgary, which covers most of Zone A, 175 single-family houses were sold. At the same time, new listings and prices went up in the northwest quadrant.

A total of 630 single-family dwellings were added to the listings while the benchmark price for a single-family home went up to $530,900. This was an 8% rise compared to the numbers that were recorded in this zone last January. Most of the homes in this quadrant were sold in Tuscany with 22 homes changing hands. Evanston came in 2nd place with 22 homes sold.

Tuscany also sold the most homes in all of Calgary last month and the prices for homes in this neighbourhood were up 4% compared to last year. The benchmark price for a home in Tuscany during the month of January was $562,800.

Zone D, which covers most of the southeast quadrant had the second highest sales with 132 single-family homes sold last month. Most of the sales took place in Cranston and Auburn Bay, which are 2 of the newer communities in this zone. Each of these communities recorded 14 sales each while the benchmark price for these homes went up 8% on a year-over-year basis to $504,700. As well, there were 435 new homes added to the listings.

In Zone C., which covers the majority of southwest Calgary, there were 122 sales that took place in January. The benchmark price here for a single-family home went up to $625,400 and most of these transactions took place in the Bridlewood and Evergreen districts.

Northeast Calgary is covered by Zone B. and it recorded 106 sales in January. The benchmark price for a home in this quadrant went up 10% to $380,100. Most of the sales here took place in Temple, Martingale, Skyview Ranch and Saddle Ridge.

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