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.
Chestermere homes come in a variety of sizes and lifestyle options. Want an estate home in Chestermere? We have 1/2 acre lots and homes backing onto water features. Want a Chestermere Condo? We have villas, townhouses, and apartments. Many choices are available; take a look!
Chestermere Real Estate Team Marjorie, Doug & Kevin McKay offer drone & video tours of all of their listings. As Chestermere specialists they know the market and can negotiate a fair deal for you.
The McKay Team of Chestermere uses Drone Video and Video Tours of the homes they have listed. Homes with videos are 70% more likely to be viewed. We are not talking about Matterport. This is an actual video that feels like you are walking through the home.
The McKay team in Chestermere can help you buy and sell with confidence.
Chestermere has changed a lot. It is now home to 20,000. It has great schools, childcare, medical and of course exceptional recreation opportunities. Chestermere is Calgary’s closest bedroom community.