Northwest leads city in single-family sales

Resale activity for homes of all kinds in the city’s northwest quadrant outpaced every other area of the city from April to the end of June, says the Calgary Real Estate Board.

Zone A, which roughly covers the city’s northwest, had 1,833 sales and an inventory of 1,115 homes in the second quarter of 2013.

The area was led by Tuscany with 124 sales at an average price of $516,693 and Coventry Hills with 119 at an average price of $385,134.

From April to the end of June, homes in Zone A sold for an average price of $522,242. This was the second most expensive average price during the second quarter.

Zone C, which roughly corresponds to southwest Calgary, had the highest average price at $658,742. During this period, it was also second busiest for sales with 1,432 homes changing hands and an inventory of 1,060.

The community with the highest average sale price in Zone C was Bel Aire. Its four transactions during the second quarter sold at an average price of $2.175 million.

Zone C’s highest sales volume came in Evergreen, where 103 homes changed hands.

Zone D, which roughly spans southeast Calgary, had 1,034 sales and an inventory of 557 from the start of April to the end of June.

The average sales price for these homes was $460,789.

McKenzie Towne outpaced all communities in Zone D with 116 sales. The second-highest number of transactions came in Cranston with 111.

Zone B finished with the fewest sales and the lowest average price. This zone mostly covers northeast Calgary.

During the second quarter of the year, it saw 720 homes change hands and an inventory of 454. These homes sold for an average price of $326,029.

Temple topped all communities in the zone with 60 sales during this time. The lowest average price in the zone from April to the end of June came in Dover, where 17 homes sold for an average price of $222,435.