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Market Update September 2012

Posted by Arshad Rashed on Tuesday, September 4th, 2012 at 12:35pm.

Residential Sales in City and Surrounding Towns Record Respective Gains

While the sales growth remains strong, it is slower than previous months in part due to the lack of new listing in the City's single family market. Many consumers are holding off on transacting or turning to surrounding towns, the new home market and condominiums.

The detached benchmark price for August is $432,600 an increase of 8.2% year-over-year. The apartment benchmark price is $248,700 an increase of 3.63% and the attached benchmark price is $278,200 an increase of 2.25%.  Overall sales for the month totaled 1,725 units, compared with 1,569 during the same period last year.

Call Jeff Campbell 403-275-3331



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