Even while home sales slow, prices on rise in nearby communities

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.

Article content

Prices continued to climb for real estate resales in most Calgary outlying communities in September despite most markets seeing falling sales and slight increases in supply, the latest statistics from the Calgary Real Estate Board show.

The largest market, Airdrie, saw sales fall two per cent year over year while new listings increased about 24 per cent, Calgary Real Estate Board numbers for September revealed.

Article content

Yet its benchmark price still grew eight per cent to reach $518,000.

Cochrane also saw sales fall, nearly 13 per cent year over year. New listings were down about 18 per cent — though year-to-date inventory has trended upward. Its benchmark price grew more than five per cent to reach $532,700.

Okotoks sales fell about seven per cent from September last year while new listings remained flat, and year-to-date inventory has trended upward. There, the benchmark price of a home reached $580,200, up more than eight per cent.

Chestermere was among the outliers, seeing sales rise nearly 48 per cent while new listings grew 50 per cent year over year. Its benchmark price grew seven per cent to $662,800.

High River also saw sales increase about nine per cent year over year, while inventory grew about six per cent. The benchmark price of a home in High River was up nearly eight per cent to $443,600.

Strathmore sales were flat year over year as were new listings, and its benchmark price grew nearly nine per cent to reach $413,900.

The priciest market, Canmore, saw sales fall the most, nearly 28 per cent year over year, while new listings fell about two per cent. Its benchmark price continued to rise, however, almost 10 per cent to reach $934,300.

Share this article in your social network