There's a flurry of sales activity happening at the River Condominium Project these days and there doesn't seem to be any sign of things slowing down soon. These condos are selling with a big price tag and there is definitely a market out there wanting them desperately.

Of the 38 units available in the development, 14 have been sold thus far. This includes one sale for $8.3 million, which is a record, and 4 sales priced higher than $5 million.

It seems that this development has played their cards right by giving buyers in Calgary exactly what they are looking for - larger floor plans. The need is there, the Project is providing it and the sales are booming.

On three floors the units compromising 4,400 square feet each have completely sold out while the

January sales are one per cent below the same month in 2011, with a total number of sales recorded being 1,362 (1,081 for Metro Calgary). Our total MLS® Active Listing count is now down to 8,148, a decline of 8 per cent over January 2011.

A quick snap shot of our current listing market activity:

Total Single Family Active: 4,750 – Metro Calgary: 2,989

Total Condominium Active: 1,969 – Metro Calgary: 1,454 

Total Active Combined Residential: 6,809

Total MLS® Metro Calgary: 4,469

Here is a quick snap shot of the MLS® Sales for January, 2012. 

Calgary Single Family Sales: 953

Average Sales Price:$427,635

Average Days on Market: 68.53

Average Sales Price to List Price: 96.89%

Metro Calgary Condominium Sales: 305

Average Sales