Cochrane recorded its highest third-quarter sales activity on record, according to a media release from the Calgary Real Estate Board (CREB) Oct. 8.
Cochrane, along with Airdrie and Okotoks, all recorded significant increases in sales activity, mostly as a result of gains in the single-family home sector.
“Affordability and lifestyle preference play a significant role for consumers considering surrounding communities,” said Becky Walters, president of CREB. “These areas tend to provide single-family homes that offer more features at a lower cost than what can be found in the city.”
In Cochrane, sales activity totaled 441 units — a seven per cent increase over last year. But new listings in the area are preventing the erosion of inventory levels, stated the release. New product sales accounted for 20 per cent of Cochrane’s transactions, higher than figures in Airdrie, Okotoks and Calgary. Pricing for a single-family home in Cochrane averaged $405,933 — a five per cent increase over the price from 2012.
