The Calgary satellites of Airdrie, Cochrane and Okotoks all recorded the highest third-quarter sales activity on record in September, mostly as a result of gains in the single-family home sector, reports the Calgary Real Estate Board.
Weaker activity in High River following the floods did not outweigh the aggregate gains recorded in the surrounding towns. Sales totalled 1,288 units - 22 per cent higher than third-quarter sales in 2012.
A typical single-family home in the towns reached $351,400 - a year-over-year increase of 5 per cent. Meanwhile, benchmark prices for City of Calgary single-family homes totalled $463,700 in September, representing a 7 per cent increase over the previous year.
from Western Investor November 2013
