Chestermere Real Estate Market Report: October 2015

Chestermere bucked the regional trend in October and staved off the precipitous annual sales drop that was experienced in the neighboring cities of Calgary & Airdrie.

A total of 30 properties sold in October, matching last year’s record high for the month.

Chestermere sales

October sales, Y/Y comparison

The benchmark price inched up 1% year-over-year to $483,000.  It was the smallest annual gain dating back to October 2013.

The overall average price saw a slight 0.4% bump from last October to $501,100, while the median fell -2.2% to $487,500.

Chestermere Months of Supply VS benchmark price percentage change

Chestermere Months of Supply and benchmark price percentage change

Inventory levels remained elevated compared to previous years.  There were 144 homes on the market at the end of the month, a 28.6% hike from a year ago and the second highest October level on record.

To download CREB’s October statistics package for Chestermere, click here pdf

Chestermere inventory

Chestermere inventory

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