CREB®’s March 2025 regional figures, released on April 1, show detached prices still climbing in the towns even as Calgary sales slowed.
Detached benchmark price, March 2025
Airdrie
There were 160 sales in March and 395 in the first quarter, down 11%. Inventory was 398, compared with 164 a year ago, with about 2.5 months of supply. The detached benchmark price was $651,300, over 2% higher than last year and close to the June 2024 peak of $657,400.
Cochrane
Sales matched last year, and the sales-to-new-listings ratio stayed at 67%. Inventory of 213 is in line with long-term trends for March. The detached benchmark price reached $686,800, over 5% higher than last year and a new unadjusted record.
Okotoks
First-quarter sales were 129, down from 155. With 96 homes for sale and 53 sales in March, supply stayed under two months. The detached benchmark price reached $715,500, a new unadjusted record and over 5% higher than last year.
Chestermere
CREB’s statistics package shows 65 sales, 127 new listings and 235 homes for sale in March, or 3.6 months of supply. The benchmark price was $713,800.
What it means: Chestermere and Airdrie offer buyers the most choice. In Cochrane and Okotoks, detached homes are still setting records.
Compared with February
Inventory kept rising in every town. Airdrie went from 345 homes for sale in February to 398 in March, Cochrane from 196 to 213 and Okotoks from 69 to 96. In Chestermere, which CREB’s package tracks alongside the three towns, inventory rose from 198 to 235. Okotoks was still the tightest market, with under two months of supply, while Chestermere had the most, at 3.6 months.
Context
The towns are following Calgary’s shift toward balance, but at different speeds. In Calgary, March sales fell 19% and inventory doubled. In Airdrie, first-quarter sales were 11% lower than a year ago, and the sales-to-new-listings ratio fell to 57%. Cochrane’s sales held steady, keeping its ratio at 67%, which slowed the growth in inventory. Okotoks’ first-quarter sales of 129 compared with 155 a year earlier.
Why detached prices keep rising
Detached homes are the scarcest type in the towns, as in the city. In Cochrane and Okotoks, the detached benchmark reached new unadjusted records. In Airdrie, the detached price of $651,300 rose over last month and narrowed the gap with the June 2024 peak of $657,400. CREB said shifting away from sellers’ conditions has taken some pressure off prices in Airdrie, but not enough to stop detached gains.
What it means for buyers
Buyers who want a detached home in Cochrane or Okotoks should expect to pay record prices and compete for well-priced listings. Buyers who are flexible on location or property type will find the most choice in Chestermere and Airdrie.
What it means for sellers
Detached sellers in Cochrane and Okotoks are in a strong position. Sellers in Airdrie and Chestermere face more competition, so presentation and an accurate price matter more than they did a year ago.
Practical takeaways
Compare towns by property type, not only by total benchmark price. If you are moving out of the city, look at days on market and months of supply in each town. Watch April’s figures to see whether spring listings keep pushing supply higher.
Local angle
Even at record levels, detached prices in the towns remain below Calgary’s. The city’s detached benchmark was $769,800 in March, about $54,300 more than in Okotoks, $83,000 more than in Cochrane and $118,500 more than in Airdrie. For families who need a detached home and can commute, that gap is still one of the main reasons to look outside the city.
Airdrie recorded 160 sales in March.
