Airdrie Real Estate Market Report: July 2014

Airdrie home price growth slowed slightly in July from the blistering pace of the previous few months as both sales and new listings climbed to record levels.

Year-over-year, the average price of Airdrie homes overall increased 2.29% while the median was up 5.37%.   Between January and July, average prices have increased 10.57% and median prices 11.11% from the same period last year.

AIRDRIE 10 YEAR PRICES (overall)

AIRDRIE 10 YEAR PRICES (overall)

Although condo-apartments have posted strong YTD Y/Y price gains of over 8%, prices remain far below peak levels.

AIRDRIE 10 YEAR APARTMENT PRICES - July 2014

AIRDRIE 10 YEAR APARTMENT PRICES – July 2014

Overall sales climbed to a July peak of 182, a 22.97% increase from last year.  With 1,081 home selling year-to-date, we’re on pace for a new annual record.

AIRDRIE MONTHLY TOTAL SALES - July 2014

AIRDRIE MONTHLY TOTAL SALES – July 2014

AIRDRIE YTD TOTAL SALES - July 2014

AIRDRIE YTD TOTAL SALES – July 2014

No doubt fueling the rise in sales was the added inventory available.  New listings in Airdrie totaled 207, up 37% y/y to a record July level.

AIRDRIE MONTHLY TOTAL NEW LISTINGS - July 2014

AIRDRIE MONTHLY TOTAL NEW LISTINGS – July 2014

Inventory grew by 33.85% to 257 by month’s end but still was the second lowest July level since 2006.

AIRDRIE MONTHLY TOTAL ACTIVE LISTINGS - July 2014

AIRDRIE MONTHLY TOTAL ACTIVE LISTINGS – July 2014

If you’re interested in buying or selling in Airdrie, Chestermere or Calgary, please contact me at 403-554-2284 or at mike@findcalgary.com

Airdrie real estate stats summary, July 2014

Airdrie real estate stats summary, July 2014

 

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