Calgary Housing Market Report - 2012
After four years of weaker sales activity Calgary housing market has started to move in the right direction in 2012 with 21,207 residential sold properties that raised the total sales in the city 15%, compared to 2011.
CREB's latest report indicated that this boost was mainly due to the strong economic growth in Alberta that pushed the migration and employment levels up in 2012, "a trend that is expected to continue this year, albeit at a slower pace." as Ann-Mary Lurie, CREB's chief economist says!
Single Family Home sales saw most of the gains in 2012 with 15,109 sold units, up 15% from 2011.
The average sold price that reached $481,236, was 9.15% higher than $466,506 price of 2011.
December 2012:
The average sold price of the single family home was $496,636, up 9.15% from the $454,992 in 2011.
The benchmark price of the single family home was $434,800, up 8.73, compared to the $399,900 in 2011.
Condo Townhouses sales in Calgary was 16.09% up, compared to a year before.
The average sold price in 2012 for the condo townhouse sales was $316,801, up 2.46 from 2011.
December 2012:
The average sold price was $305,676, a 4.49% increase from the $292,548 of 2011.
The benchmark price for the condo townhouse was $284,100, 4.18 up from the $272,700 in 2011.
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When you're ready to buy or sell a home in Calgary, we are your real estate agents of choice. Be sure to use our quick and easy search feature. We're the experts, and we're here to help you! Contact Calgary Home Team today for more information on how we can help you achieve your real estate goals at 403-519-9102 or via email
Related Links:
Strong Expectations for Calgary's Real Estate Market!
Alberta's Economic Growth is Leading the Country
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