2013 was a record year for the real estate market in Okotoks. According to a recent article in the Okotoks Western Wheel, the Calgary Real Estate Board reported that 547 houses, townhomes, and condos were sold in Okotoks in a year's time, surpassing even the housing sale flurry of 2006-2007.
Perhaps the most significant increase in 2013 in Okotoks housing was in the townhouse market. 67 townhomes sold during the year -- nearly 72 percent more than the year before. Along with a nearly 13 percent increase in single-family homes sold in 2013, the average price of a single-family home also saw a notable increase, from $415, 414 in 2012 to $438,664 in 2013.
For 2014, those looking for homes for sale in Okotoks may find a tighter market with less supply and higher prices as more and more people look to the areas outside of Calgary for more affordable homes. Okotoks may not have very many available homes in the next couple of years due to a town water issue and lack of annexation that has made little land available for new housing developments, the article stated. Those who are looking to move to Okotoks are advised to have their mortgage in place and business data organized in order to qualify before they even go to look.
Joel, Real Estate Advisor, is your source of information and assistance when looking for homes for sale in Okotoks. With years of experience and vast knowledge of the real estate market, he can help you obtain financing, narrow your search to specific neighbourhoods, determine a budget and prioritize the things you must have in your new home. In a tight market, you don't have to hunt for your house alone. For more information, contact us.