Some suburban real estate markets around Calgary recorded noticeable improvement during January, while others experienced declines in line with the city’s overall slowdown, according to data released last month by the Calgary Real Estate Board. Areas such as Strathmore, High River, and Okotoks achieved sales increases compared with the same period last year.
High River posted the strongest growth, with sales rising by nearly 13% year over year while its benchmark price remained stable at $485,900. Meanwhile, the Strathmore market saw a 5% increase in sales along with a modest 2% rise in its benchmark price to reach $435,500. In Okotoks, sales climbed by around 7% compared with last year, despite a 2% drop in the benchmark price to $599,500.
On the other hand, several markets reported weaker real estate activity. Home sales in Airdrie fell by 5% during the same month, and its benchmark price recorded a similar decline to $513,900. In Cochrane, resale sales dropped sharply by about 24%, accompanied by a 2% decrease in the benchmark price to $550,800.
In terms of housing inventory, the Rocky Mountains area holds the highest supply of homes for sale, exceeding five months based on the recent pace of transactions. Chestermere and Cochrane reported a similar inventory level of roughly five months, while Okotoks recorded the tightest supply, with available inventory standing at just 2.39 months.
