Market Overview

Aspen Woods continued to experience strong real estate activity in December 2024, with steady price growth and competitive market conditions due to limited inventory. The area remains one of Calgary’s most sought-after neighborhoods for families and professionals.

Key Market Statistics

• Sales: 10 total residential sales (unchanged year-over-year).

• New Listings: 5 new listings (down 44% from December 2023).

• Inventory: 7 active listings (down 59% year-over-year).

• Benchmark Prices:

  • Detached Homes: $1,234,900

  • Semi-Detached Homes: N/A

  • Row Homes: $536,200 (+9.1% YoY)

  • Apartments: $433,500 (+11% YoY)

  • Total Residential: $877,900 (+9.4% YoY)

• Months of Supply: 0.70 months, reinforcing a strong seller’s market.

Schools in Aspen Woods

Aspen Woods offers access to top-rated schools, making it a prime choice for families:

• Webber Academy – One of Calgary’s most prestigious private schools.

• Calgary Academy – Specializes in personalized learning programs.

• Ernest Manning High School – A highly ranked public high school.

• Guardian Angel School – A respected Catholic elementary school.

LRT & Transportation

Aspen Woods residents benefit from well-connected transit options:

• 69 Street LRT Station: Provides efficient access to downtown Calgary and beyond.

• Bus Routes: Serves major roads, ensuring convenient travel across the city.

• Stoney Trail & Bow Trail: Key roadways that provide quick access to different parts of Calgary.

Outlook for 2025

Aspen Woods is projected to maintain its high demand in 2025, driven by its strong school system, luxury homes, and excellent transit access. The limited inventory and competitive pricing suggest continued growth, making it a lucrative market for both buyers and sellers.

For updated real estate insights, school catchment details, and transportation developments, stay informed through local real estate sources and municipal planning updates.

In December 2024, Copperfield displayed a steady real estate market with significant year-over-year price growth. The benchmark price for total residential properties reached $520,900, reflecting a 3.5% annual increase. A total of 14 residential sales were recorded, evenly matching December 2023. However, the inventory rose to 19 units, resulting in 1.36 months of supply, indicating a slight shift toward more balanced market conditions.

Housing Types Overview

• Detached Homes: The benchmark price was $645,000, maintaining the previous year’s levels.

• Semi-Detached Homes: No sales were reported in December, reflecting limited activity in this segment.

• Row/Townhouses: Benchmark price increased to $439,400, marking a 5.6% annual rise.

• Apartments: The benchmark price reached $344,400, showing a 7.3% year-over-year increase, highlighting growing demand for affordable housing options.

Community Features
Copperfield is celebrated for its family-oriented community design, offering parks, walking trails, and picturesque ponds. The Copperfield Community Hall is a hub for events and gatherings. Schools within or near Copperfield include St. Isabella School and Copperfield School, providing quality educational options.

Shopping and Amenities
Residents enjoy proximity to key retail centers, such as 130th Avenue SE, featuring grocery stores, restaurants, and essential services. Copperfield also benefits from easy access to Deerfoot Trail and Stoney Trail, ensuring seamless connectivity to downtown Calgary and surrounding areas.

Transportation
Copperfield’s location in Calgary’s southeast makes it a convenient choice for commuters, with nearby transit routes and major roadways enhancing accessibility.

Market Outlook
Copperfield’s real estate market is expected to remain stable as the community continues to attract families and first-time buyers with its balanced housing options, strong amenities, and competitive pricing.

The New Brighton real estate market in December 2024 showed consistent activity, reflecting the area’s popularity among buyers. The benchmark residential price reached $547,500, marking a 5.3% year-over-year increase. Inventory remained tight, with only 4 new listings and 12 sales, resulting in a competitive market characterized by 0.83 months of supply.

Sales Breakdown

• Detached Homes: Average price of $669,600, showing a solid year-over-year appreciation.

• Semi-Detached Homes: Benchmark price at $579,600.

• Row/Townhouses: Average price of $447,200, reflecting growing demand.

• Apartments: Average price at $351,100, providing an affordable entry point into the market.

Community Features
New Brighton is a family-friendly community offering a vibrant lifestyle with numerous amenities. The community features the New Brighton Club, a recreational facility with tennis courts, a splash park, skating rinks, and playgrounds, ideal for families and active lifestyles.

Shopping and Schools
The area is well-served by nearby shopping centers such as McKenzie Towne High Street and South Trail Crossing, offering a mix of grocery stores, restaurants, and retail shops. For families, New Brighton provides access to excellent schools, including St. Marguerite School and Dr. Martha Cohen School, known for their quality educational programs and extracurricular activities.

Market Outlook
With rising property values and a strong community appeal, New Brighton continues to attract homebuyers looking for a balanced suburban lifestyle. Limited inventory will likely sustain the competitive market.

The West Springs real estate market maintained strong momentum in December 2024, demonstrating solid price growth and increased activity.

• Total Residential Benchmark Price: $805,500 (8.9% Y/Y increase)

• Detached Homes: $1,070,500 (10% Y/Y increase)

• Semi-Detached Homes: $747,700 (10% Y/Y increase)

• Row Homes: $495,200 (8.9% Y/Y increase)

• Apartments: $464,500 (9.7% Y/Y increase)

Market activity remained competitive:

• Sales: 11 transactions, a 10% Y/Y increase

• New Listings: 19, marking a 138% increase Y/Y

• Inventory: 27 active listings, up 145% Y/Y

• Months of Supply: 2.45 months, showing a relatively balanced market with continued buyer interest.

2024 Annual Market Summary

West Springs experienced a strong and steady real estate market throughout 2024, with price increases across all property types and heightened sales activity.

• Total Residential Benchmark Price (Annual Average): $814,025 (6.6% Y/Y increase)

• Total Sales: 228 properties sold, a 12% increase from 2023

• New Listings: 330 listings, marking a 29% rise

• Sales-to-New-Listings Ratio: 69%, indicating a balanced market with healthy demand

• Average Months of Supply: 1.63 months, suggesting a competitive landscape favoring sellers

• Days on Market (DOM): 22 days, reflecting quick sales and strong demand

Property Performance in 2024:

• Detached Homes: Prices rose 10% Y/Y to an annual average of $1,064,533.

• Semi-Detached Homes: Increased 11% Y/Y, averaging $753,800.

• Row Homes: Saw a 15% Y/Y growth, reaching $503,275.

• Apartments: Experienced a 15% Y/Y increase, averaging $459,942.

Key Market Takeaways

1. Sustained Price Growth: Property values consistently increased, driven by strong demand and limited supply.

2. Increased Sales Activity: More transactions were completed in 2024 compared to 2023, reflecting a robust real estate environment.

3. Balanced Market Conditions: While inventory rose significantly in the latter half of the year, demand kept the market stable.

4. High Buyer Interest: Shorter DOM and increasing benchmark prices signal continued interest from buyers despite economic conditions.

West Springs remains a sought-after community with a thriving real estate market, making it an attractive area for both homebuyers and investors.

Calgary, January 2, 2025 – The year ended with 1,322 sales in December, a three per cent decline over last year. But nearly 20 per cent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.

“Population gains over the past several years have supported sales activity that has outperformed long-term trends. In 2024, sales would likely have been higher if there was more supply choice, especially in the lower price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “That being said, we did start to see shifts occurring in the market in the second half of the year as supply levels started to improve for higher priced homes.”

As of December, there were 2,989 units available in inventory, still below long-term trends for the month but a significant improvement over the lower levels reported last December and levels reported early this year. Improved rental choice and significant gains in new home activity helped boost new listings in the resale market, driving higher inventories in the year's second half. While conditions vary depending on price range and property type, more housing options have helped to take some of the pressure off home prices, which stabilized in the second half of the year following steep gains in the spring. Overall, on an annual basis, total residential benchmark prices improved by over seven per cent.

SALES 1,322 2.9% Y/Y As we move into 2025, supply will continue to be a dominant theme. However, how they impact prices will ultimately depend on the type of supply being added and how demand holds up in the face of a changing economic climate. On January 21, CREB® will release its forecast report, highlighting the expectations and risks facing the market in the coming year.

Detached

Easing lending rates have likely supported some recent year-over year gains in detached home sales over the past three months. Improving sales were driven by gains for homes over $600,000, which also reported improvements in new listings. Inventory levels did improve within city limits for detached homes; however, conditions varied across districts. The City Centre, North East and North District all reported relatively balanced conditions over the last quarter of the year, while all other districts continued to struggle with seller market conditions. The relatively tight market conditions throughout the year caused prices to rise by nearly eleven per cent in 2024, a faster pace than what was reported in 2023. Much of that growth occurred during spring when supply levels were exceptionally low. Prices grew across all districts, with the strongest growth occurring in the most affordable districts of the North East and East.

Semi-Detached

Limited supply choice for lower priced detached homes drove many purchasers toward the semi detached sector. In 2024, there were 2,355 sales, with an annual gain of five per cent. Thanks to gains in new listings relative to sales, inventory levels started to improve, supporting a shift toward more balanced conditions by the fourth quarter. However, much of this shift occurred in the higher priced City Centre district, where the months of supply averaged three months in the last quarter. The annual average benchmark price increased by nearly 11 per cent to $669,042 in 2024. Like detached homes, exceptionally tight conditions throughout the spring caused the pace of price growth to rise over the seven per cent annual gain reported in 2023. Prices improved across all districts, ranging from an annual gain of under 10 per cent in the City Centre and West to gains exceeding 15 per cent in the North East and East districts.

Row

In 2024, there were 4,647 row home sales, a gain of over two per cent compared to last year and the second-highest total on record. The growth in sales was possible thanks to the 18 per cent gain in new listings, most of which occurred for homes priced above $400,000—the gains in new listings relative to sales supported inventory growth in 2024.

By the year's end, supply improvements helped take the pressure off home prices. However, the annual benchmark price rose by 14 per cent as conditions favoured the seller throughout the year. Prices rose across all districts in the city, with the gains ranging from a low of 12 per cent in the city centre to over 20 per cent in the most affordable districts in the North East and East.

Apartment

Easing sales in the second half of the year offset earlier gains, causing apartment sales to slow by four per cent compared to last year. However, last year was a record high for sales, and the 7,568 transactions this year reflect the second-highest year on record. At the same time, new listings have been on the rise, supporting inventory gains and a shift toward more balanced conditions by the end of the year. As more supply became available, we did see some price adjustments in the last quarter of the year. However, the quarterly decline did not offset the strong gains that occurred earlier in the year, and the annual benchmark price rose by 15 per cent. Price growth ranged from a low of 11 per cent in the city centre to over twenty per cent in the North East, East and South districts.

McKenzie Towne continues to attract buyers with its charming community feel and desirable amenities. In December 2024, the benchmark residential price reached $492,300, marking a 4.8% year-over-year increase, reflecting steady demand and value retention in this neighborhood.

A total of 10 residential properties were sold this month, while only 5 new listings were added, keeping inventory low and maintaining a competitive market environment. Detached homes had a benchmark price of $637,000, semi-detached homes averaged $473,900, row houses were at $426,400, and apartments at $331,700. With 2.6 months of supply, the market leans toward sellers, ensuring continued price stability.

Shopping and Amenities
McKenzie Towne is well-known for its convenient access to retail and services. The High Street shopping district offers a mix of local boutiques, grocery stores, cafes, and restaurants, making daily errands and weekend outings effortless. The area also benefits from proximity to major retail hubs like South Trail Crossing, ensuring residents have access to everything from big-box stores to specialty shops.

Schools and Education
For families, McKenzie Towne is an ideal choice, thanks to its proximity to top-rated schools. The community features elementary and junior high schools such as McKenzie Towne School and St. Albert the Great School, with access to excellent high schools nearby. These institutions provide strong academic and extracurricular programs, catering to diverse student needs.

Market Outlook
With rising home values, limited inventory, and a desirable community atmosphere, McKenzie Towne is poised to remain a sought-after location in Calgary’s real estate market. Buyers and investors looking for long-term value will find this neighborhood an excellent choice.

更多卡尔加里房地产资讯，请查看链接。

Market Performance:

1. Overall Market Trends:

   • The benchmark price for residential properties in Mahogany reached $583,400, a 2.7% year-over-year increase.

   • Average prices saw significant growth, reaching $883,716, reflecting a 31.0% increase.

2. Sales Activity:

   • 19 residential sales were recorded, a 44% decrease from December 2023.

   • Inventory increased by 20%, totaling 60 active listings.

   • The months of supply rose to 3.16, suggesting a slight shift toward a balanced market.

3. Property Types:

   • Detached Homes: Benchmark price at $809,400, an 8% increase year-over-year.

   • Semi-Detached Homes: Benchmark price at $569,700, a 9% growth.

   • Row Homes: Benchmark price at $485,500, up 5.8%.

   • Apartments: Benchmark price at $357,500, showing steady demand with a 2.7% increase.

4. New Listings:

   • 20 new listings entered the market in December, a 44% decrease compared to the previous year.

Community Developments:

• Community Expansion:

  • Mahogany continues to grow with new residential projects that include both luxury lakefront properties and affordable housing options, providing a diverse range of living styles.

• Lake and Recreational Facilities:

  • The community's 63-acre lake, the largest in Calgary, remains a focal point, offering year-round activities like skating, fishing, and swimming. New lake amenities, such as expanded dock spaces and updated equipment rentals, enhance the outdoor lifestyle.

• Infrastructure Enhancements:

  • Improved road networks and expanded transit options make commuting easier for residents. Plans are underway to further enhance connectivity within and beyond Mahogany.

• Retail and Dining Hub:

  • Mahogany Village Market continues to thrive, featuring new dining, shopping, and entertainment venues. This adds to the vibrant, urban feel of the community.

• Education and Family-Oriented Developments:

  • New school projects and expansions of recreational facilities, including playgrounds and sports fields, reflect Mahogany's focus on family-friendly living.

Market Highlights:

1. Overall Market Performance:

   • The benchmark price for residential properties in Seton stood at $470,600, showing a 5.3% year-over-year increase.

   • The average price of properties reached $466,070, up 2.2% compared to December 2023.

2. Sales and Inventory:

   • 23 residential sales were recorded in December, a 10% year-over-year increase.

   • Inventory levels increased by 48%, reaching 62 active listings.

   • The months of supply rose to 2.70, reflecting a slightly balanced market.

3. Property Types and Prices:

   • Detached Homes: Benchmark price at $761,000, with a 9.5% year-over-year rise.

   • Semi-Detached Homes: Benchmark price at $584,600, stable performance.

   • Row Homes: Benchmark price at $465,800, reflecting a 5.7% increase.

   • Apartments: Benchmark price at $376,900, up 5.2%.

4. New Listings:

   • A total of 24 new listings entered the market in December, representing a 4% year-over-year increase.

Community Features:

• Modern Urban Lifestyle: Seton is known as Calgary's "urban district," offering a blend of residential, retail, and commercial spaces.

• Amenities: Home to the largest YMCA in the world, a state-of-the-art Cineplex, and the South Health Campus, Seton offers unparalleled convenience.

• Walkability: Designed with walkable streetscapes, the community features parks, green spaces, and pathways connecting residents to amenities.

• Access to Transit: Excellent connectivity through major roadways and public transit options, making it easy for residents to navigate the city.

Market Highlights:

1. Total Residential Prices:

   • The benchmark price for residential properties in Auburn Bay reached $626,900, marking a 2.1% year-over-year increase.

   • Average property prices were up by 22.7%, reaching $681,500.

2. Sales and Inventory:

   • 18 sales were recorded in December 2024, reflecting a 6% increase compared to December 2023.

   • Inventory levels rose by 65%, totaling 28 properties available for sale.

   • The months of supply increased to 1.56, indicating a slight cooling but still favorable market conditions for sellers.

3. Property Types:

   • Detached Homes: Benchmark price at $802,700, up 5.9% year-over-year.

   • Semi-Detached Homes: Benchmark price at $522,000, showing steady demand.

   • Row and Apartment Properties: Prices remained competitive, with apartments at a benchmark of $365,200.

4. New Listings:

   • A total of 16 new listings entered the market, a 33% increase compared to the same month last year.

Community Features:

• Lifestyle and Amenities: Auburn Bay is a family-friendly community centered around a stunning 43-acre lake, offering year-round recreational activities such as swimming, fishing, and skating.

• Green Spaces and Trails: The neighborhood boasts extensive parks, playgrounds, and pathways connecting residents to nature.

• Accessibility: Convenient access to schools, shopping centers like Seton Urban District, and major roads makes Auburn Bay a desirable location.

• Health and Wellness: The community is close to the South Health Campus, ensuring top-notch healthcare access for residents.

Market Trends

• Total Residential Sales: 13 transactions (7% decrease Y/Y).

• New Listings: 10 new listings (17% decrease Y/Y).

• Inventory Levels: 48 active listings (200% increase Y/Y).

• Months of Supply: 3.69 months, indicating a more balanced market.

• Price Trends by Property Type:

  • Detached Homes: $750,900 (7.1% Y/Y increase).

  • Semi-Detached Homes: $542,600 (5.6% Y/Y increase).

  • Row Homes (Townhouses): $408,600 (3.0% Y/Y increase).

  • Apartments (Condos): $310,900 (3.5% Y/Y increase).

  • Total Residential Benchmark Price: $538,800 (16.7% increase Y/Y).

Market Insights

• Sales slowed, possibly due to seasonal effects and affordability challenges.

• Inventory levels increased significantly, giving buyers more options.

• Price growth continued across all property types, with detached homes leading appreciation.

2024 Annual Real Estate Summary for Panorama Hills

1. Sales & Market Activity

   • 368 total residential sales in 2024 (17% decrease Y/Y).

   • 544 new listings (6% increase Y/Y).

   • Inventory up by 61%, indicating a shift toward market balance.

2. Price Trends

   • Annual Benchmark Price: $566,833 (4.0% Y/Y increase).

   • Median Price: $477,000 (12.2% Y/Y increase).

   • Average Price: $529,304 (11.3% Y/Y increase).

3. Key Market Drivers

   • Detached homes remained the most sought-after segment, driving price growth.

   • Affordability concerns led to strong demand for townhouses and condos.

   • Rising inventory provided more choices for buyers, moderating rapid price increases.

Below is a year-over-year (Y/Y) price comparison for different property types in Panorama Hills:

Analysis of Trends Over Time

1. Detached Homes

   • Strongest price growth (+7.1% Y/Y) due to high demand and limited supply.

   • Over two years, prices increased nearly 10%, reflecting a stable upward trend.

2. Semi-Detached Homes

   • Moderate price appreciation (+5.6% Y/Y), driven by buyers looking for affordable alternatives to detached homes.

3. Row Homes (Townhouses)

   • More modest price growth (+3.0% Y/Y), indicating steady but less aggressive demand.

   • Two-year growth of 6.1% suggests consistent but moderate appreciation.

4. Apartments (Condos)

   • Price gains remained stable (+3.5% Y/Y) as demand shifted toward affordability.

   • Over two years, apartment prices increased by only 4.2%, showing a slower recovery compared to other segments.

5. Overall Market Trends

   • The total benchmark price increased by 16.7% Y/Y, indicating strong overall market appreciation.

   • Detached homes continue to lead the market, while affordable housing segments (townhouses & apartments) remain stable options.

The Panorama Hills real estate market in December 2024 saw slower sales but continued price appreciation, with detached homes experiencing the highest demand. Inventory increased significantly, offering more choices to buyers, while townhouses and apartments remained affordable options. Over the past two years, Panorama Hills has experienced steady price growth across all property types, with detached and semi-detached homes showing the strongest appreciation. 2025 is expected to bring a more balanced market, with moderate but sustained price increases.