Calgary actual property market units new gross sales file for September

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There was no stopping Calgary’s actual property market final month because it set one other month-to-month gross sales file. Current knowledge from the Calgary Actual Property Board reveals that town noticed a file 2,441 gross sales final month, up 29 per cent from the identical month final 12 months. Gross sales in September marked the fifth consecutive file excessive with Might, June, July and August all setting their very own excessive watermarks.

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The record-breaking exercise got here regardless of rising borrowing prices and the benchmark value of a house within the metropolis gaining practically 9 per cent to achieve $570,300.

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Whereas new listings grew practically 22 per cent to achieve 3,191, provide fell about 42 per cent to lower than 1.5 months. As properly, stock fell practically 25 per cent.

Amid larger prices, condominiums continued to see essentially the most development out there with a year-over-year enhance of 57 per cent for gross sales. Its benchmark value was about $313,000, essentially the most reasonably priced section, up 15 per cent 12 months over 12 months.

Semi-detached gross sales grew 26 per cent, whereas the benchmark elevated 11 per cent to about $621,000.

Row dwelling gross sales had been up 22 per cent 12 months over 12 months. The benchmark value for the section rose 17 per cent — essentially the most amongst all segments — to greater than $419,000.

Single-family indifferent houses proceed to make up most exercise out there although gross sales development is the least at 19 per cent final month over final 12 months.

The benchmark for this housing kind grew 11 per cent to achieve greater than $696,000.

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