Even whereas residence gross sales gradual, costs on rise in close by communities

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Costs continued to climb for actual property resales in most Calgary outlying communities in September regardless of most markets seeing falling gross sales and slight will increase in provide, the newest statistics from the Calgary Actual Property Board present.

The biggest market, Airdrie, noticed gross sales fall two per cent yr over yr whereas new listings elevated about 24 per cent, Calgary Actual Property Board numbers for September revealed.

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But its benchmark worth nonetheless grew eight per cent to achieve $518,000.

Cochrane additionally noticed gross sales fall, almost 13 per cent yr over yr. New listings have been down about 18 per cent — although year-to-date stock has trended upward. Its benchmark worth grew greater than 5 per cent to achieve $532,700.

Okotoks gross sales fell about seven per cent from September final yr whereas new listings remained flat, and year-to-date stock has trended upward. There, the benchmark worth of a house reached $580,200, up greater than eight per cent.

Chestermere was among the many outliers, seeing gross sales rise almost 48 per cent whereas new listings grew 50 per cent yr over yr. Its benchmark worth grew seven per cent to $662,800.

Excessive River additionally noticed gross sales improve about 9 per cent yr over yr, whereas stock grew about six per cent. The benchmark worth of a house in Excessive River was up almost eight per cent to $443,600.

Strathmore gross sales have been flat yr over yr as have been new listings, and its benchmark worth grew almost 9 per cent to achieve $413,900.

The priciest market, Canmore, noticed gross sales fall probably the most, almost 28 per cent yr over yr, whereas new listings fell about two per cent. Its benchmark worth continued to rise, nonetheless, virtually 10 per cent to achieve $934,300.

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