Chestermere home sales cooled in August compared to year ago levels as overall prices continued to climb higher.
A total of 30 properties were sold, a -28.57% decline year-over-year. Bear in mind that last August’s 42 sales was a record high for the month. In the first 8 months of the year, 321 homes have sold compared to 231 during the same period in 2013 -an increase of 38.96%.
Overall average and median prices were up 14.59% and 13.67% from last August. Note the small sales sample can easily skew prices in either direction. Annual average price growth YTD is 7.28% while the median has increased 8.61%.
The amount of homes for sale in August has remained fairly constant since 2009. There were 118 active listings at the end of August, a slight drop from the 126 listings a year ago.
City of Chestermere?
In Alberta, any community with a population greater than 10,000 can apply to have its official title as ‘city’. Chestermere reached that population level in 2007 and there were 17,203 residents as of the 2014 census.
As Chestermere continues to grow rapidly, Council would like to invite your thoughts on changing our title. For more information, please click here.
- Chestermere is one of 108 towns and is the third largest in the province.
- Currently, there are 17 cities in Alberta. Chestermere is larger than four cities in Alberta (Brooks, Lacombe, Cold Lake and Wetaskiwin)
- Chestermere is one of 10 towns in the province eligible to become a city.
- Chestermere has the fifth highest population growth (census subdivision) in Canada from 2006-2011
- If Chestermere continues with its average growth rate from the past 10 years, the municipality will be over 20,000 in two years and over 25,000 in five years.
- Four per cent of Chestermere’s tax revenue comes from business.