High Sales and Lower Prices in Airdrie in June
Airdrie is one of the surrounding towns around Calgary that is famous for its lower-priced real estate and its quiet bedroom community. As the market continues to remain tight for single-family homes in the city of Calgary more and more people are looking at Airdrie as a possible long-term place to call home.
In June, record high sales were reported in Airdrie and at the same time the average sale price for a home dropped on a month over month basis. The average home price dropped from $399,000 to $384,000 in June. Although prices fell on a month over month basis in June in Airdrie, they were still up 12.2% when compared to the June 2013 figures. In Calgary, the overall average sale price of residential homes increased in June to $492,000 from $487,000, which was recorded in May.
In June there were 241 active listings in the town and it took 29 days on average to sell a home. The average days on market for a home in Calgary was 29 days as well.
There was also a huge increase reported in the number of permits for housing starts in May for Airdrie. There were 86 permits handed out, which is a direct indication of the housing market strength in this town. The housing starts for June have not yet been posted for Airdrie but should be available soon.
While the summer months are usually quieter in the real estate market across the Calgary area, we may see higher than average activity occurring due to the large amount of construction projects that are ongoing. It wouldn't be surprising to see the busy spring market continue into the months of summer due to the high demand for housing in and around Calgary.Posted by on