16% drop from last year
Calgary's housing market experienced slow sales in the second half of 2010.
Photograph by: Dean Bicknell
CALGARY - The pace of growth for total residential MLS sales in Calgary, as well as the average sale price, came in lower than the Canadian average in 2010.
Statistics released Friday by the Canadian Real Estate Association showed Calgary's average price, for all residential properties, was $398,764 for the year, up by 3.3 per cent from 2009. However, at the national level, the average price rose by 5.8 per cent to $339,030.
Sales in Calgary fell by 15.6 per cent from the year before to 20,996 transactions while sales across the country dipped by only 3.9 per cent to 447,010.
CREA said new listings in Calgary increased by 11.1 per cent in 2010 to 46,278 and by 7.5 per cent across the country to 853,489 units.
mtoneguzzi@calgaryherald.com
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