Airdrie single family home sales in 2013 set a new record with 1,037 transactions, surpassing the previous high set in 2007 by 7%.
Overall home sales in 2013 were just shy of setting an all-time annual record. A total of 1,321 properties sold during the year, up 14.67% year-over-year and just below the 2007 peak of 1,327. So close.
Prices increased across all housing categories with the largest price growth registered for Condo-Apartments.
Year-over-year, single family home average prices increased 4.85% to $388,898 and the median price was up 6.7% to $378,000.
Condo-Townhome average prices registered a 7.31% hike to end the year at $263,063. The median price rose 6.98% to $256,750.
Unlike Calgary, it was the Condo-Apartment market segment the recorded the largest prices gains. The average price jumped 8.34% to $192,516 while the median increased 9.71% to $192,000.
With housing less expensive than Calgary and coming off a busy 2013 with inventory at the lowest level since 2006 to begin a year, the stage is set a for a tight spring market in Airdrie.