As winter sets in across Calgary and the surrounding communities, the real estate market is shifting in line with seasonal trends. Activity has naturally slowed compared to the fall months, but there’s still plenty of good news for both buyers and sellers. Year-over-year demand remains strong, and market conditions are balancing to provide opportunities across the board. Whether you’re looking to buy, sell, or simply stay informed, here’s a breakdown of the latest real estate highlights in Calgary, Airdrie, Cochrane, and Okotoks.
📍 Calgary Highlights
The Calgary market continues to perform well, showcasing resilience and strength heading into the winter season:
Sales: November saw 1,797 sales, maintaining pace with last year and sitting an impressive 20% above long-term averages. This is a clear indicator of consistent demand despite seasonal slowdowns.
Inventory: Supply levels have increased to 4,352 units, up significantly from 3,000 units this time last year. While buyers now have more options, inventory remains below historical norms, keeping the market competitive.
Benchmark Price: The benchmark price for Calgary is now $587,900, marking a 4% increase year-over-year. Notably, row homes and apartment-style units have led the price growth, appealing to buyers seeking affordable and versatile housing options.
📍 Airdrie: A Return to Balanced Inventory
Airdrie’s market is experiencing a return to pre-pandemic inventory levels while continuing to see solid price gains:
Supply: Available inventory has climbed back to 344 units, offering buyers a wider selection. Detached and row-style properties dominate the market, making up 84% of available supply.
Benchmark Price: Airdrie’s total residential benchmark price reached $543,300, reflecting a 4% increase year-over-year. Apartments are leading the charge with an impressive 16% price growth—a sign of strong demand for affordable housing options.
📍 Cochrane: A Surge in New Listings
Cochrane’s real estate market is buzzing with activity, with record-breaking new listings fueling sales:
New Listings: November saw a record high for new listings, driven primarily by strong demand for detached homes. More options are creating opportunities for buyers ready to make a move.
Benchmark Price: Cochrane’s benchmark price rose to $568,600, marking a 4% year-over-year increase. Apartment-style properties are experiencing the fastest price growth, making them an attractive option for first-time buyers and investors.
📍 Okotoks: Limited Inventory, Strong Price Growth
Okotoks continues to see tight inventory levels, but this hasn’t slowed price momentum:
Inventory: With only 47 new listings in November, inventory remains extremely limited, keeping competition strong for available homes.
Benchmark Price: Okotoks home prices reached $624,000, showcasing a 6% year-over-year increase. Row-style properties have led the way in gains, while detached homes remain highly sought-after, with an average price of $707,300.
What Does This Mean for You?
For Buyers:
With inventory levels rising in Calgary and surrounding areas, you now have more options to choose from. However, in some communities where inventory remains tight—like Okotoks—homes are still selling quickly, so acting fast remains key.
For Sellers:
Many market segments are still in seller’s market territory, meaning demand continues to outpace supply. This is especially true for well-priced, move-in-ready homes. If you’re considering listing, this could still be an excellent time to showcase your property and capitalize on strong buyer interest.
Thinking About Buying or Selling This Winter? Let’s Chat!
Whether you’re looking to upgrade, downsize, or invest, the winter market in Calgary and its surrounding areas offers unique opportunities for both buyers and sellers. Let’s work together to create a plan that meets your real estate goals.
📞 Contact me today to discuss your next move!
