Real estate prices continue to rise

It continues to be a seller's market in Cochrane, according to today's monthly report of the Calgary Real Estate Board (CREB).

In its month-end August report, CREB recorded 81 sales and 109 new listings, keeping the sales-to-new-listings ratio elevated at 74 per cent, enough to prevent any gain in inventory levels. With 144 units available, inventory levels are nearly 42 per cent below long-term trends for the month.

The result has been a slight increase in the unadjusted bench that is now $578,600, slightly higher than last month and over eight per cent higher than last year’s levels.

CREB states prices have risen across all property types, with the largest gains occurring for apartment-style properties.