Airdrie Real Estate Market Report: August 2014

Airdrie’s real estate market mirrored that of Calgary’s in many respects last month.

1. Overall sales were at the second highest August total ever. A total of 133 homes sold during the month, one fewer than a year ago.

2.  Single family sales were down y/y while condo-apartment sales saw a significant increase.

AIRDRIE MONTHLY TOTAL SALES - August 2014

AIRDRIE MONTHLY TOTAL SALES – August 2014

3. Inventory grew from year ago levels.  There was a total of 268 homes for sale at the end of August, a 31.4% increase year-over-year.

AIRDRIE MONTHLY TOTAL ACTIVE LISTINGS - August 2014

AIRDRIE MONTHLY TOTAL ACTIVE LISTINGS – August 2014

4.  It was still a seller’s market during August.   The inventory absorption rate was two months with a sales-to-new-listings-ratio of 71%.

Airdrie average prices overall were down -1.45% from last August while the median increased 5.95%.   Year-to-date, the average price has increased 9.02% and the median 10.54% from the same period a year ago.

Airdrie August 2014 stats

Airdrie August 2014 stats

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