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.