April 2021 Market in Chestermere.

The absorption rate is the number of sales divided by the number of active listings in a market over 90 days.  Typically this tells us how many months it will take to deplete the inventory of homes for sale.  As you can see that varies widely by the price range of homes for sale.

The real estate market is really blowing up and I do not find that the three-month calculations can keep up with the market so I have also broken down each price range over the month of April.

In April 2021 77 homes sold through the MLS system.  The highest-priced sale was $1.080,000 which was a lakefront home.  The average sale price was $564,328.  The average days on market was 56.  The median sales price is 556,000 which is up 13% year over year from 2020.  This may be reflective of the higher-priced homes selling.   One of the first rules of real estate is that there is no such thing as an average house, so we are breaking things down by price range to help consumers figure out the market that they are interested in.

In April 2021 11 homes sold through the MLS system in the $200,000 to 300,000 price range in Chestermere.  The average days on market was 61, and the average home sold for 97.08 of asking price.    Most of the homes that sold in this price range  would be townhouses.  To see detailed information on the homes that have sold download the pdf here.  

In April 2021 4 homes sold through the MLS system in the $300,000 to 400,000 price range in Chestermere.  The average days on market was 92, and the average home sold for 98.44% of asking price.    Most of the homes that sold in this price range  would be attached homes.  .  To see detailed information on the homes that have sold view the report here.

4In April 2021 14 homes sold through the MLS system in the $400,000 to 500,000 price range in Chestermere.  The average days on market was 45, and the average home sold for 99.47% of asking price.    Most of the homes that sold in this price range are single family homes or semi-attached.   To see detailed information on the homes that have sold view the report here.

4In April 2021 15 homes sold through the MLS system in the $500,000 to 600,000 price range in Chestermere.  The average days on market was 49, and the average home sold for 98.8% of asking price.    Most of the homes that sold in this price range are single-family homes. To see detailed information on the homes that have sold view the report here.

Typically an absorption rate study is done over a 90 day or 3 month period.  Things are moving so fast in this market that I have broken down price ranges that are moving particularly fast.  This statistic tells us how long it would take the current inventory in a price range to sell if no new listing were added.  In the following charts I break it down by the monthly sales in April 2021.

In April 2021 15 homes sold through the MLS system in the $600,000 to 700,000 price range in Chestermere.  The average days on market was 47, and the average home sold for 99.63% of asking price.    Most of the homes that sold in this price range are single family homes.   To see detailed information on the homes that have sold view the report here.

In April 2021 15 homes sold through the MLS system in the $600,000 to 700,000 price range in Chestermere.  The average days on market was 47, and the average home sold for 99.63% of asking price.    Most of the homes that sold in this price range are single family homes.   To see detailed information on the homes that have sold view the report here.

In April 2021 1 home sold through the MLS system in the $800,000 to 900,000 price range in Chestermere.  The average days on market was 34, and the home sold for 100% of asking price.    There are 5 active listings available in this price range.  To see detailed information on the homes that have sold and to view availalble homes  view the report here.