The number of single family homes sold in December 2009 in the city of Calgary was up 78 per cent from the same time a year ago, while condominiums sales saw an increase of 66 per cent from the same time a year ago.
“What a difference a year makes. Undoubtedly the recovery in Calgary’s housing market came sooner than expected this past year,” says Bonnie Wegerich, president of CREB®. “Pent up demand by first time buyers, record low mortgage rates and improved affordability have helped bolster the Calgary
The average price of a single family home in the city of Calgary in December 2009 was $451,349, showing a decrease of 3 per cent from November 2009, when the average price was $464,444, and showing an increase of 8 per cent from December 2008, when the average price was $417,398.
All city of Calgary MLS® statistics include properties listed and sold only within Calgary’s city limits.
Condominium new listings in the city of Calgary added for December 2009 were 444, down 37 per cent from November 2009, when the MLS® saw 705 condo listings coming to the market. This is an increase of three per cent from December 2008, when new condominium listings added were 431.
CREB® is a professional body of 5,393 licensed brokers and registered associates, representing 252 member offices. The board does not generate statistics or analysis of any individual member or company’s market share. All MLS® active listings for Calgary and area may be found on the board’s website at www.creb.com