Aug 12, 2010, Town and country home sales in Calgary region more resilient

MLS sales in areas outside the city have surpassed year-to-date levels compared with 2009 in contrast to what has been happening in Calgary.

Recent MLS stats by the Calgary Real Estate Board indicate sales in the towns outside Calgary market are up by 2.99 per cent to 2,311 transactions until the end of July compared with the first seven months last year which had 2,244 sales. The average sale price year-to-date is $363,729, up 4.82 per cent from last year’s $347,002.

The country residential market, which includes acreages, has seen year-to-date sales up by 5.87 per cent from a year ago to 397 from 375, while the average price of $858,413, an increase of 11.55 per cent from 2009’s $769,546.

For Calgary metro, single-family home sales are down 11.16 per cent year-to-date from a year ago, falling to 7,765 from 8,740 but the average sale price is up 8.24 per cent to $467,397 from $431,816.

And Calgary metro condominium sales have seen a 4.22 per cent year-to-date decline to 3,517 transactions from 3,672 in 2009 while the average sale price has increased by 4.25 per cent to $291,790 from $279,885.

By Mario Toneguzzi, Calgary Herald