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I'm often asked about real estate trends in Calgary and Okotoks. There is no generic answer of course, as each neighbourhood within Calgary and Okotoks fluctuates independently based on its specific supply and demand, but a very general 10 year trend of average real estate prices and total number of listings across the board is shown below.
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Calgary's highest number of listings over the course of last ten years were in 2007 and 2008, with brief spurts again in 2010 and 2014. The total number of listings have declined since 2014. Calgary's average sale price peaked in 2014 with a slight dip in the year following. Our home prices city-wide in last two years have since recovered to slightly above 2014, with 2017 average sale price of $481,392.