REAL ESTATE QUARTERLY STATISTICS Update

The city’s northwest continued to be the most popular quadrant for single-family resale homes in the last three months of 2012, says the Calgary Real Estate Board.
The board’s Zone A, which is roughly the city’s northwest, led single-family resale numbers every quarter last year. From October to the end of December, there were 1,060 sales averaging $492,904 and 47 days on market.
The community of Tuscany led the charge with 79 sales averaging $498,620 and 40 days on market — not only for Zone A, but for all communities in Calgary. The second most active community in the city was the southeast community of Cranston in the board’s Zone D with 71 sales. The zone roughly corresponds to southeast Calgary. Resale homes in Cranston averaged $471,977 and 51 days on market.
The zone with the second-most sales from October to the end of December was the board’s Zone C, which roughly corresponds to southwest Calgary. It had 823 sales. While it was second in number of sales, Zone C was tops in average sale price for the quarter at $633,029. Nudging the zone’s average sale price upward was the single sale of a home in Bel Aire for $2.275 million. Zone C also had the most communities — eight — averaging over $1 million: Bel Aire, Britannia, Connaught, Elbow Park, Elboya, Lakeview Village, Mayfair and Mount Royal.
The community with the quickest average sales during the fourth quarter in Calgary was Rutledge in Zone C. It had three sales averaging nine days on market at an average price of $487,000. Zone D logged 575 transactions in the fourth quarter, at an average price of $442,383 and 45 days on market.
While the city’s northeast quadrant, Zone B, had the fewest transactions from October to December — 463 sales averaging $302,238 — those homes sold the fastest, averaging 43 days on market.
Click on the following link (ot the picture below) to view a .pdf with the zone map and average sold prices for 2012: REAL ESTATE QUARTERLY STATISTICS

 
CLAIRE YOUNG at the CALGARY HERALD