Rainbow FallsHousing market

Rainbow Falls

Rainbow Falls Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

8

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

19

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

16 active

New

14(+55.56% YoY)

Relisted

1(- YoY)

Compared to number of active, same period, in 2024: 8, in 2023: 10, in 2022: -

Total Sold Listings*

2 sold

Median Sold Price

$602,500

Avg Days on Market

19 days

Median Bidding

-$12,400

Compared to number of sold, same period, in 2024: 2, in 2023: 4, in 2022: -

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Rainbow Falls - All types

Sold vs Active vs New vs Relisted - Rainbow Falls - All types

Sold Price Distribution - Rainbow Falls - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Rainbow Falls - All types

Property type distribution based on data from the last 3 months.

Median Price - Rainbow Falls - All types

Just listed - Rainbow Falls

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2 days on market

111 Rainbow Falls Gate #66, Chestermere

Townhouse23+11527.97 sq ft

Listed by Century 21 Masters

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3 days on market

228 Rainbow Falls Green, Chestermere

Semi-Detached33+11837.49 sq ft

Listed by Real Broker

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8 days on market

142 Topaz Gate , Chestermere

Detached3+14+12927.03 sq ft

Listed by Century 21 Bravo Realty

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19 days on market

111 Rainbow Falls Gate #35, Chestermere

Townhouse33+11517.22 sq ft

Listed by Grand Realty

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22 days on market

$•••,•••

44 Rainbow Falls , Chestermere

Detached4+14+12921.00 sq ft

Listed by Real Broker

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24 days on market

101 Indigo Lane, Chestermere

Townhouse23+11416.40 sq ft

Listed by MaxWell Experts Plus Realty

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35 days on market

328 Crimson Close, Chestermere

Detached3+14+12205.77 sq ft

Listed by CIR Realty

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37 days on market

$•••,•••

112 Rainbow Falls Pass, Chestermere

Detached4+14+12469.20 sq ft

Listed by eXp Realty

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50 days on market

$•••,•••

231 Westchester Blvd, Chestermere

Detached3+14+12471.00 sq ft

Listed by CIR Realty

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65 days on market

111 Rainbow Falls Gate #52, Chestermere

Townhouse23+11531.20 sq ft

Listed by Century 21 Masters

Just sold - Rainbow Falls

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Sold 2 days ago

Sold for $815,000

$15K below asking

151 Seagreen Way, Chestermere

Detached3+14+12493.53 sq ft

Listed by Real Broker

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Sold 8 days ago

Sold for $437,000

$12K below asking

217 Rainbow Falls Dr, Chestermere

Townhouse3+13+11439.90 sq ft

Listed by Century 21 Bravo Realty

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Sold 10 days ago

Sold for $450,000

$5K below asking

111 Rainbow Falls Gate #51, Chestermere

Townhouse33+11595.00 sq ft

Listed by Town Residential

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Sold 11 days ago

Sold for $734,000

$16K below asking

126 Rainbow Falls Blvd, Chestermere

Detached3+14+12157.00 sq ft

Listed by Century 21 Bamber Realty LTD.

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Sold 16 days ago

Sold for $390,000

121 Rainbow Falls Manor , Chestermere

Townhouse33+11124.00 sq ft

Listed by Diamond Realty & Associates LTD.

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Sold 16 days ago

Sold for $387,500

$12K below asking

140 Lavender Link, Chestermere

Townhouse23+11459.50 sq ft

Listed by RE/MAX Real Estate (Central)

pillar/IMG-A2205931_1.jpg

Sold 17 days ago

Sold for $460,000

336 Rainbow Falls Dr, Chestermere

Townhouse24+11442.00 sq ft

Listed by RE/MAX Real Estate (Mountain View)

pillar/IMG-A2204353_1.jpg

Sold 19 days ago

Sold for $669,900

$10K below asking

152 SIENNA Pass, Chestermere

Semi-Detached1+23+11512.50 sq ft

Listed by Stonemere Real Estate Solutions

pillar/IMG-A2204401_1.jpg

Sold 20 days ago

Sold for $900,000

$30K below asking

356 Rainbow Falls Way, Chestermere

Detached3+14+12485.28 sq ft

Listed by Real Broker

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Sold 22 days ago

Sold for $429,000

385 Rainbow Falls Dr, Chestermere

Townhouse22+11417.23 sq ft

Listed by 2% Realty

Population and Demographics

Overview

Total population 1592

Average household income $154,950

Age (%)

0 to 19

32%

35 to 49

29%

50 to 64

16%

20 to 34

15%

65 and plus

9%

Household composition (%)

Single family

83%

Single person

12%

Multi person

4%

Multi family

1%

Mother tongue (%)

English

79%

Punjabi (Panjabi)

6%

Vietnamese

3%

Others

2%

Tagalog (Pilipino, Filipino)

2%

Arabic

2%

Spanish

2%

House tenancy (%)

Owners

90%

Renters

10%

Top 1 School in Rainbow Falls

Our Lady of Wisdom134 Rainbow Falls Drive, T1X 0G7, Chestermere, AB

7.2/10

Public•

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Other transportation modes are needed to reach day-to-day needs

Transit Friendly

0/5

No transit options

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

0/5

No grocery stores within walking distance

Nightlife

1/5

Few or no bars within walking distance

Shopping

1/5

Few or no shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance