Chestermere Real Estate Market Report: March 2014

Chestermere home sales in March surged to their highest level ever for the month.   A total of 41 properties sold which is a y/y increase of 70.83% and one more sale than the previous March record of 40 set back in 2007.  The total was bolstered by the condominium segment which saw 13 sales compared to zero a year ago.

The overall average price fell -5.61% y/y and the median price was down -3.13%.  It should be cautioned  that with such a small sales sample, the price can easily be skewed higher or lower, especially with the addition 13 condo sales in the mix.   In Q1, the average sales price down -0.22% while the median was down -2.25%.   According to the MLS® HPI, the benchmark price was up 5.53% y/y.  (Calgary’s was up 9.48%)

Inventory levels remained relatively unchanged – there were 114 active listings or 5 more than last March.

Chestermere statistics summary for March 2014

Chestermere statistics summary for March 2014

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