Calgary Real Estate Market Report October 2011

In October 2011, Calgary Realtors reported 1,357 sales, up 14 per cent from October 2010. Year-to-date sales, at 16,191, were up eight per cent compared to the first ten months of 2010. The average price for October single family home transactions was $455,248 – up by 5 per cent compared to the same month last year. Strong sales growth has occurred across many property classes – from price ranges that would attract first-time buyers to luxury properties selling for over one million dollars.

The average condo price in the city was $283,416 compared to the $287,793 recorded in October of 2010. Thanks to low interest rates and stronger job growth, price increase has not substantially changed the positive affordability picture in the City of Calgary.

Complete Calgary Real Estate Market Report October 2011

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