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Calgary Real Estate

The Calgary Real Estate Board reported that home sales growth in the surrounding towns and cities outpaced the growth in the city of Calgary in 2012, ending the year up 21 per cent! Overall in Calgary, MLS sales grew by 14.66 per cent in 2012.

“When we look back at 2012, we see stronger growth and sales activity in the towns than in Calgary,” said Becky Walters, CREB’s president. “We see double-digit sales growth for the year. We’re seeing price recovery, just like in Calgary, with prices being well below the peak levels we saw in 2007.”

The top three towns in 2012 were Airdrie, Okotoks and Cochrane – all recorded double-digit sales growth!

Airdrie’s sales of 1,152 were up 22.55 per cent with the average single-family home sale price increasing by 2.53 per cent to $370,905.

Okotoks saw sales growth of 11.85 per cent to 585 transactions and the average sale price for a single-family home rose by 0.32 per cent to $415,415.

In Cochrane, year-over-year sales rose by 25.43 per cent to 508 and the average price for a single-family home dipped by 1.24 per cent to $426,127.

Chestermere has also been on fire as of late, and is slowly becoming one of the top locations to invest in Alberta.

To read the full article: Calgary Real Estate

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