Northwest hottest for resale

                                                                                                                    By Josh Skapin, Calgary Herald October 25, 2013

The city’s northwest outpaced all areas of the city for sales of single-family resale home between July 1 and the end of September, says the Calgary Real Estate Board.

The board’s Zone A, which roughly covers the city’s northwest, saw 1,546 homes change hands in the third quarter of this year. Total sales in this zone were largely driven by three communities. Coventry Hills led the way with 108 sales, while Tuscany and Panorama Hills had 92 sales each. The next busiest community was Evanston with 73 transactions.

From July 1 to the end of September, homes in this zone sold for an average price of $522,946. The next highest sales in the city were also on Calgary’s west side.

The board’s Zone C, which roughly translates to the city’s southwest, reached 1,245 sales. Evergreen topped all communities in the zone, with 92 homes changing hands. At $658,328, the zone had the highest average price of any area in the city in the third quarter.

Five communities in Zone C had an average sale price of more than $2 million. Bel Aire was the priciest, racking up four sales at an average price of $2,501,375. The other averages were $2,219,166 in Britannia, $2,045,500 in Eagle Ridge, $2,116,428 in Elbow Park/Glencoe and $2,120,468 in Mount Royal.

Meanwhile, neither zone representing quadrants in Calgary’s east end had more than 1,000 sales in the third quarter.

The board’s Zone D, which mostly covers southeast Calgary, saw 909 homes change hands between July 1 and the end of September. The homes sold at an average price of $473,167. Three communities master-planned by Brookfield Residential Properties had the highest sales in this area. There were 109 deals in McKenzie Towne, while Auburn Bay had 78 sales and Cranston had 73.

The fewest sales in the city were in the board’s Zone B, which roughly covers northeast Calgary. In this zone, 741 homes changed hands at an average price of $330,688. The most sales in this zone was in Saddleridge with 67. The highest price in this zone was in the new community of Redstone, where the average sale was for $429,780.