Article
February 02, 2006
Condo Classroom - Issue 51
The Calgary condo market
Condominiums are a HOT market commodity and they made up a record breaking 39.4 per cent of the December 2005 Calgary Real Estate Board sales. This is definitely a burgeoning market that will not go away any time soon. Cost is certainly a factor in many of these sales along with proximity to the downtown core. Condos in suburbia are generally a bit more affordable due to a land price variance but they are built with easy access to LRT or Express Bus Routes making them an extremely popular choice also.
Statistically Calgary’s highest number of condominium sales in December occurred in the $150,000 - $200,000 price range with the highest sales volume being in the $150,000 - $175,000 price point. The price increase over December 2004 was a hefty 12.43 per cent. The average price of a condominium in December 2005 was $192,412 and in view of our January activity we have no reason to d and pressure on pricing. CL
Paulette Marsollier is a realtor with Sutton Group Canwest with 21 years of real estate experience. She has specialized in condominium marketing and education for the past 18 years. Paulette is a Professional Member of the Canadian Condominium Institute and serves on the Board of Directors of a Strata Council in B.C. The Condo Classroom was created in 2003 to facilitate a broader consumer knowledge base of condominium hybrids, construction and contracts.
For further information please go to http://www.condosplus.ca