Hey folks! If you’re wondering what’s happening in the Cochrane real estate market, let’s dive into the latest numbers for January 2025.
We’re in a Balanced Market
Right now, Cochrane is sitting in a balanced market, meaning it’s a fair game for both buyers and sellers. With 156 active listings and 71 homes sold last month, things are moving at a steady pace.
Home Prices – A Look at the Trends
🏡 Detached Homes – The benchmark price is $658,300, which is 4.34% higher than this time last year but down 1.85% from last month. If you’re thinking about buying, this could be a good moment to keep an eye on prices.
🏘 Semi-Detached Homes – Sitting at $505,500, semi-detached homes have also seen a 4.14% increase year-over-year but a slight dip of 1.37% from last month.
🏠 Row Homes – Prices are holding steady at $435,600, up 4.94% from last year, with minimal change from last month.
🏢 Apartments – Big news here! Apartment prices jumped to $331,100, a huge 17.33% increase from last year and 4.42% higher than last month. With more people looking for affordable options, condos are becoming a hot commodity.
Homes Are Selling Faster!
The average days on market for January was 45 days, down from 53 days last year. That means well-priced homes are moving quickly, and sellers don’t have to wait as long to close a deal.
What Does This Mean for You?
✔ Thinking of Selling? Prices are strong, and homes are moving, so if you’re considering listing, now’s a great time to chat about your home’s value.
✔ Looking to Buy? With Cochrane still in a balanced market, you have options without the frenzy of a strong seller’s market—especially if you’re eyeing a condo or townhome!
If you want to buy or sell in Cochrane, let’s chat! I’d love to help you navigate the market and find the best strategy for your next move..