Calgary Real Estate Market Report

Though the real estate market suffered a setback during the recession it is on its way to recovery in the present times. Calgary Real Estate is a case in example. With time Calgary Real Estate is showing signs of betterment and in different segments as well. Be it single homes or condos, Calgary real estate property prices are on the rise.

The statistics of the Calgary real estate market can give a clear view. The average price of a Calgary metro area single family home was $459,085 (as recorded in September 2009). This shows an increase in the price by 1% from that recorded in August 2009 and an increase by 3% from that in September 2008.

The condos of Calgary have also recorded an increase in the average price. Calgary condos located in the metro area have recorded an average price of $290,253 in September 2009. This figure reveals the fact that the price has increased by 2% from what was recorded in August 2009 and by 1% from last year’s average price.

The median price for Calgary Real Estate properties have also changed. A single family home in the Calgary metro area recorded a median price of $399,900 in September 2009. This wasn’t much different from the figures recorded in August 2009 but there was an increase by 1% when compared to figures recorded in September 2008.

Similarly the price of Calgary condos recorded a median price of $265,000 in September 2009. This was an increase by 2% from September 2008 prices. The number of homes sold has also increased in the Calgary region as compared to the number of homes sold in 2008.

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One Response to “Calgary Real Estate Market Report”

  1. domitianblog Says:

    It is great to see that the Calgary real estate market is stabalizing. Here in Edmonton we are seeing the same thing. It looks like Alberta was one of the less effected by the rough real estate market across Canada when you look at the overall picture.

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