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Wednesday, February 2, 2011 CALGARY HOME SALES RISE YEAR-OVER-YEARCALGARY HOME SALES RISE YEAR-OVER-YEAR Single family homes in the inner-city drive recovery Calgary, February 1, 2011
– Single family home sales in the City of Calgary edged upwards month-over-month and showed the first yearover- year increase since April 2010, according to figures released today by CREB® (Calgary Real Estate Board).
The number of single family home sales in the month of January 2011 were 791, compared with December 2010, when sales were 734 — an increase of about 8 per cent. The number of condominium sales for the month of January 2011 was 302. This was down from the 320 condominium transactions recorded in December 2010. Year-over-year, the number of single family homes sold in January 2011 in the city of Calgary increased by 4 per cent. In January 2010, single family home sales totaled 762. Condominium sales saw a decrease of 20 per cent from the same time a year ago. In January 2010, condominium sales were 376.
“More affordable housing will continue to attract homebuyers to the inner-city, particularly as employment in the city of Calgary continues to improve,” says Sano Stante, president of CREB®. “Single family homes in the city are currently driving this gradual recovery, and we are seeing an uptick in the sale of homes below the $350,000 price point. This may suggest more first time homebuyers are entering the market, providing the fuel needed for a sustained housing recovery.”
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