January 2022 Cochrane Real Estate Update

February 7, 2022

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Cochrane Market SymbolCochrane, February 1, 2022 – Sales in Cochrane hit record high levels for January.

The growth was supported by gains in new listings relative to what was available over the last few months of 2021. The monthly gains in new listings helped keep inventory levels relatively stable, but with only 62 units available in  inventory, levels are over 70 per cent lower than what we traditionally see in the market.

The strong sales and low inventory levels kept the months of supply below one month, the lowest ever recorded for January in Cochrane.  The tight market conditions continue to place upward pressure on prices.

In January, the benchmark price for a detached home rose to $512,900. Due to strong monthly gains occurring  at the end of last year, the monthly growth was not as high as what was seen in some other regional markets.