Select Page

Chestermere Real Estate Market Stats

This page will give you market stats for the entire Chestermere Market. The Chestermere real estate market has a diverse selection of homes available. Statistics can give us an idea of where the market is trending, but cannot give you an idea of what your home is worth. Further different communities in the area will have different price ranges and ages of homes. For that reason we have provided statistics on each area of Chestermere.
Have a market report sent to you monthly or quarterly.
click to receive my free market update newsletter

Chestermere Market Report As of November 2019

As a Real Estate Advisor with Engel & Völkers, we specialize in Chestermere.  We study the supply and the demand to determine which price ranges are oversupplied, and which price ranges will sell more quickly.   Here is what has been happening in the Chestermere Market from September 1 to November 30, 2019.

Since March we have seen an improvement in the price range $550,000 to $600,000 .  In the 90 days ending March 2019 there were 30 unsold listings and only 2 sales.   In the same time period ending November 30, 2019, there were 26 unsold listings and 7 sales.  Bringing the months to absorb the unsold listings down to 11 months from 45.

Townhouses in the $300-$350k range are still oversupplied with 12 on the market and only 1 sold in the past 90 days.  This would leave us with 36 months supply.  In the same period ending March 2019 we only had an 8 month supply.  Prices may soften by about .50% per month. 

The good news is that the $350-$399 price range had 4 unsold listings, and 5 sales leaving us with 2 months supply.  These homes are typically semi-attached homes. 

Homes in the $400,000 to $999,999 are in the 6 to 9 month range, so prices should be stable in these price ranges. 

Homes over $1,000,000 are facing a challenge as the $1,000,000 – $1,199,999 have an 18 month supply with 6 unsold listings and 1 sale. 

Homes over $1,200,000 have a 45 months absorption rate.  There are currently 15 unsold listings and 1 sale in the past 90 days. 

Doug McKay 403-975-1776

Photo of Doug McKay

Doug McKay Real Estate Agent

Mortgage Calculator Rates Updated Daily.

143 Lakeview Cove

Previously loved home. Not as perfect as a new home, but you get a lot more for your money! Compare the 5,445 sq. ft. lot that is 67 feet wide at the back, and 104 feet deep. It backs onto a linear pathway with a view of the golf course. The large front deck is the...

April 2021 Market in Chestermere.

April 2021 Market in Chestermere.

The Chestermere real estate market is hot. Certainly hotter in some price ranges than others, but overall it is the best it has been since 2015. Take a look as the price ranges have been broken down for you.

Doug McKay 403-975-1776

Photo of Doug McKay

Doug McKay Real Estate Agent

Mortgage Calculator Rates Updated Daily.

Call Now Button