The price of a detached house in Okotoks hit an all-time high in March, eclipsing the previous record set last September.
According to statistics released by the Calgary Real Estate Board, the unadjusted detached benchmark price reached $715,500, up from $713,400 last September and more than five per cent higher than this time last year.
The benchmark price, which the board says is the price of a typical home in an area, reached $630,300 in March, equaling the all-time high set last September.
The benchmark price, which set a record seven times in 2024, dipped slightly in the fall before rebounding early this year.
According to the real estate board, sales in Okotoks totaled 129 units over the first three months of 2025, down from 155 in the first quarter of last year.
The board said inventory levels remain exceptionally low, driving further monthly and year-over-year price gains.
There were 53 sales in March, putting it below the 10-year average for the month.
The most active sector of the market was between $700,000 and $799,999, which saw 16 sales. In March of 2024, the most active sector was between $500,000 and $599,999, also with 16 sales.
There were seven sales above $1 million in March, up from three in the same month last year.
In High River, the benchmark price reached $497,800, topping the previous all-time high of $493,400 set last September. It's up 5.9 per cent year over year.
High River and Okotoks have the lowest and second lowest inventory levels in the region.
The board's monthly statistics package for the Calgary region can be found here.
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