Home prices continue to climb in communities near Calgary
Calgary’s surrounding region saw no shortage of demand as benchmark prices climbed in May in every community the Calgary Real Estate Board tracks.
The largest community, Airdrie, saw sales decline year over year by nearly seven per cent, while new listings also increased about seven per cent, recent Calgary Real Estate Board statistics show.
Yet its benchmark price still grew nearly 10 per cent year over year to reach $549,600.
Cochrane saw an increase in its benchmark of more than 10 per cent to $568,200. Driving prices were increasing sales, up about seven per cent year over year, while new listings fell about two per cent.
Chestermere’s benchmark price grew nearly eight per cent to reach $702,300 from the same month last year. Sales fell about six per cent while new listings were up 31 per cent. The benchmark price in Okotoks was up eight per cent in May year over year to reach $621,400, while sales were down about one per cent. New listings grew nearly 15 per cent.
High River’s benchmark price grew about eight per cent year over year to reach $481,100, while sales increased 10 per cent. New listings were down about 18 per cent.
The benchmark price of a home in Strathmore in May rose nearly 12 per cent to $439,300. Sales fell nearly 33 per cent while new listings were down 37 per cent year over year.
Canmore’s benchmark price jumped beyond the $1-million mark for the first time, up about 11 per cent to $1,008,000. Sales grew about 21 per cent while new listings increased nearly 29 per cent year over year.