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tammy forrest
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8820 Blackfoot Trail SE #115
Calgary, AB
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Calgary housing market picks up in October

 

Calgary’s resale housing market is showing strong signs of activity at higher levels than a year ago.

Preliminary data from the Calgary Real Estate Board indicates single-family home sales between Oct. 1-10 hit 323 transactions for an average MLS sale price of $456,387. Last year for the same period, there were 267 sales for an average of $435,867Preliminary data from the Calgary Real Estate Board indicates single-family home sales between Oct. 1-10 hit 323 transactions for an average MLS sale price of $456,387. Last year for the same period, there were 267 sales for an average of $435,867The condo market is also seeing a surge in activity. So far this month, there have been 101 sales, up from 81 sales a year ago for the same period. However, the average sale price of $278,875 this year is down from $301,739 last year.

There’s still a few more weeks left this month.

It will be interesting where the housing market heads.

Will it be influenced by continued negative economic doom and gloom reports emanating from Europe and the United States?

Or will the strong employment and in-migration numbers in the province continue to boost sales?
 
Provided by the Calgary Herald
http://blogs.calgaryherald.com/2011/10/11/calgary-housing-market-picks-up-in-october/

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.