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troutman · 03-04-2008, 09:58 AM

New MLS listings, prices both rise
Average single-family house sells for $471,696
http://www.canada.com/calgaryherald/...7-c1089de5ef9e

Data released by the Calgary Real Estate Board on Monday showed the average sale price of a single-family home in Calgary metro for February was $471,696, up 5.16 per cent from February 2007's $448,557. The average sale price for a condominium for the month was $311,812, an increase of 3.31 per cent compared with last year's $301,812.

The average sale price of a single-family home peaked last July at $505,920 then dropped for several months. But prices in the past few months have started to increase again. The average sale price of a single-family home in December was $444,769. In January, it had increased to $455,297.

For condos, the average sale price in December was $304,719, then increased to $311,232 in January.

"It appears as though things are picking up as we move into the final month of this quarter," said Ed Jensen, CREB's president. "I don't anticipate we'll see the blistering market that we experienced in the early parts of 2006 and 2007, but I do anticipate stability in this now corrected market. Calgary is a very desirable place to live at the moment, with our strong economy, low unemployment rates, strength in the oil and gas industry. People are still moving here and that's great for real estate."

03-04-2008, 09:58 AM	#236
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	New MLS listings, prices both rise Average single-family house sells for $471,696 http://www.canada.com/calgaryherald/...7-c1089de5ef9e Data released by the Calgary Real Estate Board on Monday showed the average sale price of a single-family home in Calgary metro for February was $471,696, up 5.16 per cent from February 2007's $448,557. The average sale price for a condominium for the month was $311,812, an increase of 3.31 per cent compared with last year's $301,812. The average sale price of a single-family home peaked last July at $505,920 then dropped for several months. But prices in the past few months have started to increase again. The average sale price of a single-family home in December was $444,769. In January, it had increased to $455,297. For condos, the average sale price in December was $304,719, then increased to $311,232 in January. "It appears as though things are picking up as we move into the final month of this quarter," said Ed Jensen, CREB's president. "I don't anticipate we'll see the blistering market that we experienced in the early parts of 2006 and 2007, but I do anticipate stability in this now corrected market. Calgary is a very desirable place to live at the moment, with our strong economy, low unemployment rates, strength in the oil and gas industry. People are still moving here and that's great for real estate."