The Spring market is upon us and a shortage of inventory remains an issue.
In a year-over-year comparison, the detached benchmark price increased by 14% to reach $1,525,800, while townhouse prices experienced a more moderate increase of 9%. A notable decrease in inventory and new listings, 8% and 7% respectively, contributed to a 25% reduction in th...
Optimistic Trends Persist in the Cochrane Real Estate Market for Spring
The outlook continues to be positive for the Cochrane real estate market as the year over year detached benchmark house price rises 12% to $654,000. The increase coincides with a significant decrease in both inventory and new listings by 22% and 25% respectively. These declines...
The Federal Reserve announced that it is still planning 3 rate cuts by the end of 2024 if inflation trends lower and jobless claims increase, helping lower yields. As well, Canada’s inflation rate dropped from 3.1% to 2.80% in February, which was lower than expected.
Let’s see what happens over the coming months. If infla...
This Fall the real estate market has presented a challenging environment, requiring both buyers and sellers to adapt their strategies for making a move.
In Cochrane, year-to-date sales have seen a notable downturn of 22% across all property types. This may be due to shifting buyer dynamics with economic u...
The August 2023 newsletter highlights the dynamic real estate landscape in Calgary and area.
Overall, sales activity has slowed compared to the previous year's record-breaking pace but remains stronger than long-term trends. Surprisingly, there is robust demand in higher-priced segments of the mar...
Cochrane reported sales and new listings that trended downward from the second quarter of 2022, yet sales remain above the long-term average. This lack of listings has likely prevented more substantial sales growth, particularly in the high-density apartment and row sectors.
Although average inventory has improved slightly compa...