Condo sales are highest within city’s southwest
More than 1,000 resale condos changed hands in the city’s southwest from July to September — more than the other three quadrants put together, says the Calgary Real Estate Board.
There were 1,007 units sold in the board’s zone C, which roughly corresponds to the city’s southwest. The numbers for zones A, B, and D totalled 906.
Zone C also has the city’s highest concentration of condo units.
As usual, it was the Connaught neighbourhood in the close-in southwest that had the most sales of any community in Calgary — 123 during July to September.
The second most active neighbourhood was McKenzie Towne in zone D, which roughly corresponds to the southeast. There were 62 sales. The highest average selling price showed up in downtown Eau Claire at $684,000.
For zone A, which covers the northwest, the most sales occurred in Panorama Hills with 38 at an average price of $230,251.
Next was Varsity Village, where 32 condos sold at an average of $246,354.
In zone B, which takes in the city’s northeast and a portion of the southeast, Taradale led with 22 sales at an average of $231,040.
Next was Rundle, where 11 deals fetched an average of $192,181.
Coral Springs was tops in average prices at $292,250 for two sales, while Martindale averaged $239,295 for three sales.
Behind Connaught in sales in zone C was Victoria Park.
This Beltline community counted 48 sales at an average price of $321,780.
Following Eau Claire in the price category in the southwest was Garrison Green, which averaged $462,150 for 10 sales.
A distant second behind McKenzie Towne in zone D sales was Lake Bonavista, which had 28 sales at an average selling price of $250,737.
Ramsay had one sale from July to September, but that went for $350,000 — tops in the zone.
Next was Riverbend, where four sales brought in an average of $314,975.
The most affordable communities in each quadrant were Highland Park in zone A at an average of $177,550; Forest Lawn in zone B at $131,250; Rosscarrock in zone C with $179,000; and Ogden/Lynnwood/Millican in zone D at $182,500.
Resale condos kept realtors busy from July to September.