Most areas in the Calgary region saw sales declines in August.
The housing market is seeing some action in Cochrane, High River, Strathmore and Canmore. Last month, sales were up in those areas, statistics reveal. Photo by Claire Young /PostmediaWe independently select everything we recommend. Buying through us may earn us a commission, which supports our work.
A few communities in the Calgary region bucked the trend of falling sales and prices seen in the city last month. Calgary Real Estate Board statistics revealed Cochrane, High River, Strathmore and Canmore saw year-over-year sales increases in August.
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That did not translate into gains in the benchmark price for all communities. While Cochrane’s sales grew about 34 per cent versus August last year, its benchmark price fell about two per cent to $570,200.
High River experienced a more than 29 per cent increase in year-over-year sales, but its benchmark price dropped about one per cent to $499,100.
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In contrast, Strathmore’s benchmark price grew two per cent to $448,400 while sales were up nearly 18 per cent from August last year.
Canmore also saw price growth with its benchmark rising less than one per cent to $1,106,200. Its sales grew more than 39 per cent in August, year over year.
Airdrie, Chestermere and Okotoks experienced declines in sales and benchmark pricing.
In Okotoks, sales fell almost two per cent, while the benchmark price dropped nearly two per cent to $608,400.
Sales in Chestermere were off more than five per cent year over year, while the benchmark price decreased nearly two per cent to $697,400.
Airdrie sales declined more than nine per cent, and its benchmark was off almost five per cent to $508,800.
Supply rose in most markets, except for High River and Canmore. Okotoks was the tightest market. It was the only community with less than three months of supply based on current sales.
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