Chestermere Real Estate Market StatsThis 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.
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.
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.
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The Chestermere Real Estate Market has record month March 2021.
A real estate market report prepared for your neighbourhood showing you homes like yours, what they are listed for and what they sold for. Photos, stats and more. No realtor visit required.
Doug McKay has had a great career selling homes in Chestermere, Rocky View County, Langdon and Calgary. In business for 28 years, Doug is not slowing down when it comes to helping buyers and sellers.