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Many surrounding communities noticed their benchmark worth come near file highs and even set new ones in April, pushed by continued sturdy demand within the face of dwindling provide.
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Calgary Actual Property Board launched April market information, revealing Cochrane and Airdrie achieved close to all-time highs for his or her benchmark, whereas Okotoks set a brand new file reaching $577,300, a rise of practically 5 per cent yr over yr.
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In distinction, the benchmark worth in Cochrane fell lower than two per cent yr over yr to $509,600.
Airdrie’s benchmark additionally fell, about two per cent yr over yr to succeed in $502,000 however fell in need of final Might’s file benchmark worth of $506,000.
New listings fell throughout all communities, together with Chestermere, down practically 39 per cent yr over yr. Consequently, regardless of gross sales declining about 24 per cent from final April, its benchmark gained about three per cent to succeed in $659,400 — a file excessive.
Strathmore additionally reaches a brand new excessive for its benchmark, up about 4 per cent yr over yr to succeed in $407,000. Its stock was down about 26 per cent.
Excessive River’s benchmark worth elevated about 5 per cent to $433,300, setting yet one more a brand new file. Its stock additionally fell about 26 per cent from April final yr.
Canmore, too, additionally achieved a brand new benchmark excessive in April.
Its benchmark worth elevated six per cent to $885,300. Gross sales have been down practically 33 per cent, yr over yr. But it bucked the development amongst most communities concerning provide with stock growing the identical quantity.