Southwest tops list for resale

                                                                                                                                                     By Josh Skapin, Calgary Herald October 25, 2013

Sales of resale condos in southwest Calgary topped all areas in the city between July 1 and the end of September, says the Calgary Real Estate Board.

The board’s Zone C, which largely covers the quadrant, reached 963 sales in the third quarter of this year. These homes sold for an average price of $343,920.
The zone’s sale totals were driven by the inner-city community of Connaught, where there were 127 transactions. The neighbourhood with the second highest sales was Victoria Park with 52 sales.
Despite leading the city in sales, activity in Zone C between July 1 and the end of September eased 20 per cent from the previous quarter. Between April 1 and the end of June, there were 1,163 sales in the zone.

The next busiest area for sales last quarter was also on the city’s west end.
The board’s Zone A, which roughly consists of northwest Calgary, finished with 558 sales. The average sale price in the zone was $306,746.

Panorama Hills had the highest total in the zone at 37 sales, with the second busiest community consisting of Country Hills Village with 34 moves.
The zone also saw a drop-off from the previous quarter. The board’s Zone D, which roughly covers Calgary’s southeast, had 276 sales in the third quarter of this year. The condos sold for an average price of $280,208.
The established community of McKenzie Towne led the way with 78 sales. New Brighton saw the second highest sales where 27 condos changed hands.

Zone D was the only area to see more condo sales from July 1 to the end of September than the previous three months. There was a five per cent increase compared to the 262 deals between April 1 and the end of June.

The fewest condo sales in the city in the third quarter came in northeast Calgary. The board’s Zone B, which mostly covers northeast Calgary, finished with 144 moves. This was a 20 per cent downturn from the second quarter, when there were 173 sales.

The average price in this area in the third quarter was $200,939. The zone was led by Taradale, which had 19 condos changing hands.