Stronger than usual townhome sales helped boost the overall Chestermere market to the best November level on record.
A total of 31 properties comprised of 19 single family homes, 11 townhomes and 1 apartment sold during the month. Year-to-date sales number 423, 36.89% above the same period last year and 28.6% higher than the previous year-end total of 329 established back in 2007.
The benchmark price increased $34,800 or 7.9% year-over-year, from $440,000 to $474,800.
There were 10% fewer homes on the market than last November bringing the inventory absorption rate down to 3.2 months.