The outlook for 2017 according to the Calgary Real Estate Board, which also oversees and tracks activity in Okotoks, is for more sales and more stable inventory. In CREB’s annual market outlook for the Okotoks and Foothills Region, the uptick in residential sales will occur over time as the economic recovery in Alberta and employment statistics start a gradual ascent.
CREB statistics for Okotoks show that the real estate market in 2016 fell by 5% over 2015 and the number of new residential listings hitting the marketplace also fell. From that account the market was able to stay somewhat stable over all, keeping home prices on the level throughout 2016. In fact, the monthly variance between the median asking price and median selling price last year
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