January was a strong start to the year as Calgary saw a 15 per cent increase in residential real estate sales and a 12.34 per cent increase in the average home price compared to the same period in 2012. In fact, it was the best January for homes sales since 2008.
The average sale price of a single family home in Calgary for the month of January increase by 12.74 per cent to $496,579 compared to January sales in 2012. The average sale price of condo apartments saw an increase of 13.09 per cent to $280,273, while condo townhomes rose by 7.61 per cent to $320,590.
Calgary had 1,230 total MLS sales for the month of January, up 15.17 per cent over last year. Single family home sales were up 15.20 per cent to 879, while condo apartment sales were up 13.97 per cent to 204. Condo townhomes also had the hightest increase at 16.67 per cent with 147 sales over the same period in 2012.
There was a slight increase in inventory in January compared to last December, but the Calgary housing market continues to be balanced and stable. This is good for both home buyers and sellers.
Posted by Marnie Campbell on
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