Our Foothills region experienced sales volumes in Feb 2021 that we haven’t seen since 2014. The following are sold real estate stats to give you an idea of what’s going on; Okotoks; 6.9% of homes sold for over list price. 22.4% sold at list price. 15.5% sold within 1% of list price. Rural Foothills; none sold for list or higher. 10% sold within 1% of list price, 33.3% sold within 4% of list price. Of the sales, 30% sold for over $1 mil, 23.3% sold between $800k and $1 mil. The rest sold under $800k. Langdon; 13.3% sold at list, 13.3% within 1% of list. Calgary; 8.5% sold at list price, 8.55% sold over list. 13.6% sold within 1% of list price. 3,753 total sales. Total sales up 60% in volume from Feb 2020. Detached homes up 66% in sales yr over yr.
Hang on to your hat! 2021 is shaping up to be a wild year with events likely to happen that no one seems able to predict.