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Market Update October 2012

Posted by Arshad Rashed on Tuesday, October 2nd, 2012 at 11:33am.

Resale Market Continues Slow and Steady Recovery

Calgary is seeing improving sales activity and price growth with no indication that market is poised for a correct.  In fact, for the first time in several years, the Calgary housing market is demonstrating typical behavior for this time of year.

The detached benchmark price for September is $432,900 an increase of 8.20% year-over-year. The apartment benchmark price is $249,300 an increase of 3.83% and the attached benchmark price is $277,700 an increase of 2.25%.  Overall sales for the month totaled 1,617 units, compared with 1,461 during the same period last year.

Call Jeff Campbell 403-275-3331



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