403.617.2879  |  kim.avery@creb.com
 

Availability in more affordable price bands drove stronger sales growth in Calgary’s resale condominium market in July, says the president of the Calgary Real Estate Board.

 

“Clients looking for affordable homes are considering community, product and price,” says Becky Walters in a news release. “While there are affordable single-family homes in some communities, some may prefer condominiums in the same price range so they can live in a preferred community or get a home that requires less renovation.”

 

Walters points to the fact that year-to-date, there have been more new listings priced under $400,000 in the condominium sector than in the single-family market.

 

In July, a total of 693 condominium apartments and townhouses sold in Calgary, a combined increase of 26 per cent over the previous year, and a year-to-date growth of 16 per cent.

 

The growing demand for resale condos and townhouses led to a tightening of supply in July.

 

That month’s active listings in the multi-family (apartment- and townhome-style condos) segment declined to 768 and 407 units, respectively. In July, the 398 condo sales were up 27.9 per cent year-over-year from 311 sales.

 

With this type of housing in a sellers’ market, sellers earned on average 97.3 per cent of their list price, up 0.56 per cent over last year. The average price in July for condos was $302,058, up 5.5 per cent from $286,231 during the same time last year.

 

In the townhouse segment, total sales were up 23.4 per cent this July, to 295 deals from 239 a year ago. The average price rose 7.9 per cent to $327,570 in July, compared to $303,380 last year, keeping the market firmly in sellers’ territory.

 

The Calgary community with the most condo sales (including apartment-style and townhouse) in July was Connaught, in the city’s southwest, with 50 sales averaging $358,862. The second highest seller was McKenzie Towne in the southeast, with 29 sales averaging $266,377. Country Hill Village, in the northeast, was third, with 20 sales averaging $276,625.

 

DID YOU KNOW?


In July, 693 resale condo apartments and townhouses in Calgary changed hands, Calgary Real Estate Board data show. Of these, Zone C, roughly the city’s southwest, saw the most transactions with 329 sales averaging $349,920. Zone A, roughly the northwest, had 218 sales averaging $301,663. Zone D in the southeast, had 99 sales averaging $270,871. And Zone B in the northeast had the fewest transactions, with 47 sales averaging $194,675.

 

Source: http://www.calgaryherald.com/homes/Crossing+over+affordability/8764626/story.html

Post CommentComments: 0Read Full Story

View my June 2013 E-Newsletter Ecozine Issue #4 with tips for the spring season like killing weeds, getting rid of those pesky pests like ants and mosquitos (the safe and natural way of course!), housing stats, and some interesting news and tips!

 

Click Here to read Ecozine #4 now!

Post CommentComments: 0Read Full Story
Categories: 2014 Decor Trends, Interior Decorating Ideas | 90.3 AMP Radio contest | Abbeydale, Calgary Real Estate | affordable housing | Airdrie, Airdrie Real Estate | alarm system | alberta economy | alberta flood | alberta millionaires, calgary luxury market, marry a millionaire | alberta real estate | allstate commercial | Altadore River Park, Calgary Real Estate | Altadore, Calgary Real Estate | Altadore_River Park, Calgary Real Estate | attainable housing | Auburn Bay, Calgary Real Estate | avoid moisutre, moisture, home tips | Bankview, Calgary Real Estate | Beltline, Calgary Real Estate | black mold | bottle caps | bowlerama | Bowness, Calgary Real Estate | buying houses | calgary brownstones, calgary heritage homes, calgary historical homes, memorial drive, calgary redevelopment | calgary childens hospital | calgary condo for sale | calgary dog cat | calgary flood | calgary herald | calgary housing | calgary inner city | calgary million dollar homes | calgary mls | calgary mls record | calgary northwest | calgary pet friendly | Calgary radio contest | calgary real estate | calgary real estate market | calgary recycling | calgary stampede 101 | Calgary statistics, calgary real estate market | canada luxury homes | canadian red cross | Capitol Hill, Calgary Real Estate | car parts | Cedarbrae, Calgary Real Estate | charity | cibc poll | clean h | clean home tips | cleaning windows | Coach Hill, Calgary Real Estate | condo calgary | Connaught, Calgary Real Estate | container village | Copperfield, Calgary Real Estate | creb statis | creb statistics | credit score | Dalhousie, Calgary Real Estate | dealing with stress | debt | declutter | decorating mistakes | don campbell | donation | donations | Dover Glen, Calgary Real Estate | down payment | downtown calgary | downtown living | earth wise | eco friendly living | environmentally friendly | Erinwoods, Calgary Real Estate | Erlton, Calgary Real Estate | Fairview, Calgary Real Estate | first time home buyer | first time home buyers | flood insurance | flood relief | flooded basement | for sale by owner | forbes list of wealthiest people in alberta | fsbo | Glenbrook, Calgary Real Estate | green building | green living | green real estate | grocery discounts | grocery tips | halloween | happy home | Haysboro, Calgary Real Estate | hell or high water | Highland Park, Calgary Real Estate | hillhurst | Hillhurst, Calgary Real Estate | holiday | home buying mistakes | home buying tips | home construction | home improvements | home inspections | home maintenance | home organization | home ownership | home renovations | home repair | home security | home staging | home tips | honda | hot water tank | house made of recyclable material | housing market | how realtors help | how to improve your credit score | how to take a great picture | infills calgary | inner city listings | internet searches | invest | investments | IOS 7 | Jerome Iginla | keyless entry | Killarney_Glengarry, Calgary Real Estate | kim avery | kim avery charity | lifestyle, dreams, goals, gratitude | Live in the Pink | loft design | loft living | lofts | lofts calgary | luxury hom | luxury homes alberta | make money off your credit card | market mall | McKenzie Lake, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | Midnapore, Calgary Real Estate | million dollar homes canada | mls | mls calgary | mls luxury home sales | mobile ready, mobile apps, instagram, webpage, social media, cell phones, mobil website | Montgomery, Calgary Real Estate | mortgage | mythbusters | natural energy | natural resources | new iphone 5S | newspaper | nick profeta calgary | northwest listings | Ogden_Lynnwd_Millcan, Calgary Real Estate | okotoks, cochrane, airdrie, real estate, home sales, real estate boom alberta | old tires | orange lofts calgary | Patterson, Calgary Real Estate | pet friendly house | photography tips | Pink | plastic shopping bags | pollution | Ranchlands, Calgary Real Estate | rbc mortgage | re/max calgary | re/max ch | re/max charity | re/max childrens miracle network | re/max conference 2013 | re/max real estate central | real estate | real estate alberta | real estate confessions | real estate investing | real estate photography | real estate statistics | real estate tips | recyclable | recycle | recycling | recycling ideas | rein | Renfrew, Calgary Real Estate | residential house market | residential sales | reuse | Rural Mountain View County, Rural Mountain View County Real Estate | save money | save money on heating | selling | selling hou | selling houses | shipping container | shopping tips | showing tips | Signal Hill, Calgary Real Estate | simple home | Skyview Ranch, Calgary Real Estate | South Calgary, Calgary Real Estate | Southwood, Calgary Real Estate | spring cleaning | Springbank Hill, Calgary Real Estate | staging home tips | staging house for sale | stock market | Strathmore, Strathmore Real Estate | sunnyside | sustain | sustainable housing | technology | Temple, Calgary Real Estate | tim hortons | timmies | tips and tricks in real estate | tree house developments | university of calgary | up-cycling | used books | wealthy alberta | west hillhurst | West Hillhurst, Calgary Real Estate | Westgate, Calgary Real Estate | Windsor Park, Calgary Real Estate | Winston Heights/Mountview, Calgary Real Estate | winter heating | world celebrations | youtube
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.