Home sales in the Town of Chestermere tied the January peak set back in 2007. A total of 23 properties – 18 single family and 5 condos – sold during the month representing a 27.78% y/y increase.
Overall inventory crept higher thanks to the single family sector. At the end of January there were 9 more listings (+10.47%) compared to the previous year.
When dealing with so few sales, both the average & median prices can be skewed. While the average and median price for single family homes registered a 12.31% and 11.4% y/y increase respectively, the MLS® HPI came in at +6.69%.