More homes were sold in Calgary last month compared to August.
According
to the Calgary Real Estate Board, for the first time since April, month
to month sales of single family units went up by ten percent and one
percent for condominiums.
"There are some great opportunities
out there for buyers, particularly in the condo market. Currently, the
highest volume price segment for condos is in the $200,000 to $300,000
range. We have not seen this kind of affordability in Calgary’s condo
market in many years," said Diane Scott, president of CREB.
And there is a shift in buyers.
"Clearly
there is a shift in the types of buyers entering the market. It was
first-time home buyers who drove the late market recovery last fall and
this spring. While lower priced home sales have declined, home sales
over $1 million have actually increased by 2 per cent this year, as
compared to the same period last year," said Scott.
The average
price of a single family home in Calgary last was $460,278, showing a
three per cent increase from August, when the average price was
$445,617. The board says there was no significant change from
September 2009, when the average price was $459,085.
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