Airdrie Real Estate Market Report: February 2014

The “smoking hot” real estate market wasn’t limited to just Calgary in February.   Municipalities surrounding the city also were abuzz with activity, far surpassing sales levels from a year ago:

  • Airdrie:  +32.1%
  • Okotoks:  +48.65%
  • Cochrane: +96.67%
  • Chestermere: +166.67%

Airdrie continues to experience an inventory shortage with -29% fewer active listings than last year, and the lowest level to begin March since 2006.

The overall average price in the city increased 13.98% and the median was up 13.4% y/y.

Sales climbed 32% y/y with 107 homes selling during the month. That’s the 3rd highest February total.

Coopers Crossing

This home sold for $1,460,000

Record Airdrie Sale

A Coopers Crossing home sold for $1,460,000 – a new Airdrie MLS® record.  You can view pictures of the home here.

It’s only the third ever Airdrie home to sell for over $1M on MLS®.    The other two homes, also located in Coopers Crossing, sold for $1,100,000  (March 2012) and $1,075,000 (February 2013).

February 2014 Statistics Summary

February 2014 Statistics Summary

Airdrie 10 Year Price History

Airdrie 10 Year Price History

AIRDRIE MONTHLY TOTAL SALES - February 2014

AIRDRIE MONTHLY TOTAL SALES – February 2014

AIRDRIE MONTHLY TOTAL ACTIVE LISTINGS - February 2014

AIRDRIE MONTHLY TOTAL ACTIVE LISTINGS – February 2014

AIRDRIE MONTHLY TOTAL NEW LISTINGS - February 2014

AIRDRIE MONTHLY TOTAL NEW LISTINGS – February 2014

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