CALGARY - Like Airdrie, the Town of Chestermere has also set an annual sales record in its resale housing market.
The 42 MLS sales in September, also a record for the month, upped the year-to-date total to 362 which surpassed the year-end peak of 329 set in 2007. Year-to-date sales until the end of September are up by 38.7 per cent compared with the same period a year ago. The average MLS sale price in September of $519,197 has increased by 9.33 per cent from last year while the year-to-date sale price of $508,860 is up by 7.46 per cent. The median price in September rose by 3.59 per cent from last year to $505,000 while year-to-date it is up by 8.41 per cent to $495,450.
Located just 10 minutes east of Calgary between Highway 1 and 1A (16th Ave. N.E. and 17th Ave. S.E.), Chestermere is closer to downtown Calgary than many neighbourhoods located in the city.
“Development is underway at East Hills and the Walmart there has already opened, providing town residents with nearby big-box shopping options. Stoney Trail allows quick and easy access to north and south Calgary. Soon, Chestermere will be expanding even closer to the aforementioned areas with the building out of Waterbridge. Exciting times for this rapidly growing town.”
By Mario Toneguzzi, Calgary Herald
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