Market Trends:

• The benchmark price for total residential properties in Royal Oak reached $611,900, a 2.3% increase year-over-year.

• Detached homes had a benchmark price of $786,000, while row homes and apartments were priced at $491,100 and $317,800, respectively.

• Sales activity saw a 23% decline, with 10 homes sold in December.

• New listings dropped by 38% to 8 properties, leading to limited supply in the market.

• Inventory levels increased by 91% compared to last year, with 21 active listings.

• Months of supply stood at 2.10, indicating a market slightly favoring sellers but trending towards balance.

Annual Summary – Royal Oak 2024

Market Performance:

• Total sales for the year were 196, a slight 3% decline compared to 2023.

• New listings increased by 13%, with 274 properties listed throughout the year.

• The benchmark price for all residential properties rose to $630,475, marking a 7.7% annual increase.

• The average price climbed 13.9% to $609,191, reflecting strong demand and price appreciation.

• The median price also saw significant growth, rising 30.2% to $657,350.

Key Market Observations:

• Despite higher prices, sales volume remained stable, with minor fluctuations throughout the year.

• Inventory levels increased by 52%, providing more options for buyers.

• The sales-to-new-listings (S/NL) ratio was 0.72, indicating a more balanced market compared to previous years.

The Silverado real estate market in December 2024 remained strong despite seasonal slowdowns, with continued price appreciation and high demand across all property types. Silverado has maintained its seller’s market conditions, driven by low inventory and steady buyer interest.

• Sales: Increased by 92% year-over-year

• New Listings: Rose by 83% year-over-year

• Benchmark Price: $589,400 (up 6.8% YoY)

• Months of Supply: 1.65 months (indicating strong demand)

Even with winter slowing overall market activity, Silverado’s limited supply kept prices stable and competitive.

Market Trends

1. Detached Homes

• Sales: 14 (up 85% YoY)

• New Listings: 12 (up 75% YoY)

• Benchmark Price: $655,700 (up 16% YoY)

• Months of Supply: 1.10 months

Detached homes in Silverado continued to be highly sought after, with prices rising significantly over the past year. Limited supply and high buyer demand have pushed prices up by 16%, making this segment the most competitive.

2. Semi-Detached Homes (Duplexes)

• Sales: 1 (low activity due to limited inventory)

• New Listings: 1 (unchanged YoY)

• Benchmark Price: $640,100 (up 14% YoY)

• Months of Supply: Not available

Sales activity in this segment remains low due to a lack of available homes. However, prices have increased by 14%, indicating strong demand whenever properties do become available.

3. Row Homes / Townhouses

• Sales: 5 (up 66% YoY)

• New Listings: 6 (up 50% YoY)

• Benchmark Price: $490,800 (up 7% YoY)

• Months of Supply: 1.45 months

Townhouses remain a popular option for first-time buyers and downsizers, offering affordable pricing with good space and amenities. The segment remains competitive, with inventory levels still below demand.

4. Apartments / Condominiums

• Sales: 3 (steady YoY growth)

• New Listings: 2 (down 40% YoY)

• Benchmark Price: $380,200 (up 6% YoY)

• Months of Supply: 1.30 months

The condo market in Silverado saw moderate growth, with low inventory contributing to price appreciation. Condos remain an affordable entry point into the community, especially for young professionals and investors.

Silverado 2024 Annual Real Estate Summary

The Silverado real estate market in 2024 experienced a highly competitive environment due to low inventory and rising buyer demand.

Key Market Highlights for 2024:

• Sales Growth: Silverado saw an overall 95% increase in total residential sales compared to 2023.

• Price Appreciation: The benchmark home price rose by 7.2% in 2024, reflecting consistent demand.

• Market Conditions: Silverado remained in a seller’s market throughout the year, with inventory levels struggling to keep pace with demand.

• Property Type Trends:

  • Detached homes saw the strongest price appreciation (16% YoY).

  • Townhouses remained highly competitive due to their affordability.

  • Condos attracted first-time buyers and investors, maintaining steady growth.

Silverado had a strong real estate market in 2024, with steady price increases and strong demand across all property types. As 2025 approaches, Silverado remains an attractive choice for buyers looking for a vibrant community with excellent amenities and investment potential.

Market Overview

The Somerset real estate market remained stable in December 2024, with 11 total residential sales, showing no change Y/Y compared to December 2023. New listings also remained steady at 7 new properties on the market. However, inventory levels increased by 57% Y/Y, reaching 11 available homes, leading to a months-of-supply increase to 1.00.

The benchmark residential price rose by 5.3% Y/Y to $482,100, indicating continued home value appreciation despite market stabilization.

Market Trends by Property Type (December 2024)

• Detached Homes:

  • The benchmark price was $620,900, with 5 sales (-44% Y/Y).

  • Inventory increased 200% Y/Y, reaching 3 available homes.

• Semi-Detached Homes:

  • No sales were recorded for this segment.

  • Inventory and months of supply remained at zero.

• Row/Townhomes:

  • No sales were recorded.

  • Inventory remained unchanged.

• Apartments:

  • Sales doubled (+200% Y/Y) with 6 units sold.

  • The benchmark price increased 5.3% Y/Y to $314,900.

  • Inventory decreased by 33% Y/Y, with 7 available units.

2024 Annual Real Estate Summary

Somerset's real estate market in 2024 experienced a decline in total sales (-15% Y/Y), with 171 properties sold. However, home prices appreciated significantly, with the total residential benchmark price rising 9.0% Y/Y to $486,825.

• Detached homes saw 84 sales (-6% Y/Y), with the benchmark price increasing 7.7% Y/Y to $620,900.

• Semi-detached homes recorded only 1 sale (-67% Y/Y), indicating very low activity in this segment.

• Row/townhomes had 10 sales (-29% Y/Y), with prices rising 11.8% Y/Y to $404,200.

• Apartments had 76 sales (-19% Y/Y) but continued to see price growth of 7.4% Y/Y, reaching $314,900.

The months of supply averaged 1.23 for the year, indicating that demand remained strong, even as inventory levels increased by 28% Y/Y.

Evergreen experienced strong price growth across all property types in December 2024, with sales increasing by 36% year-over-year. Inventory levels have risen, but demand remains high, leading to continued upward pressure on prices.

Market Trends

• Sales Activity: A total of 15 residential sales were recorded in Evergreen, reflecting a 36% year-over-year increase.

• New Listings: 14 new properties were listed in December, a 27% rise compared to the previous year.

• Inventory Levels: The number of available homes increased to 26, showing a 20% annual increase.

• Months of Supply: The market had 1.73 months of supply, indicating a 9% increase over the previous year.

Detached Homes

• Sales: 9 units sold (80% increase Y/Y)

• New Listings: 10 new listings (100% increase Y/Y)

• Inventory: 19 active listings

• Benchmark Price: $749,000 (12% Y/Y increase)

• Months of Supply: 2.00 months

• Market Trend: The detached segment remains strong, with a notable price appreciation of 12% compared to the previous year. The increase in new listings has been met with high buyer demand, resulting in low months of supply.

Semi-Detached Homes

• Sales: 0 units sold (No recorded sales this month)

• New Listings: 0

• Inventory: 1 active listing

• Benchmark Price: $546,500 (6% Y/Y increase)

• Months of Supply: Not applicable (no sales)

• Market Trend: The semi-detached market remains relatively quiet, with limited inventory and demand. Prices continue to appreciate despite fewer transactions.

Row Homes (Townhouses)

• Sales: 3 units sold (0% Y/Y change)

• New Listings: 1 (67% decrease Y/Y)

• Inventory: 0 active listings (indicating high demand)

• Benchmark Price: $425,600 (9% Y/Y increase)

• Months of Supply: Low, at 1.45 months

• Market Trend: The townhouse market remains highly competitive, with inventory being absorbed quickly. Limited new listings are contributing to rising prices.

Apartments (Condos)

• Sales: 3 units sold (No change Y/Y)

• New Listings: 3 (No change Y/Y)

• Inventory: 6 active listings (56% increase Y/Y)

• Benchmark Price: $340,200 (9% Y/Y increase)

• Months of Supply: 1.73 months

• Market Trend: The apartment market has seen an increase in inventory, but demand remains steady. Prices continue to trend upward, benefiting sellers.

Overall Market Trend

• Total Residential Sales: 15 transactions (36% increase Y/Y)

• Total Benchmark Price: $613,800 (7.7% increase Y/Y)

• Total Months of Supply: 1.73 months (9% increase Y/Y)

• Inventory Growth: 20% higher than last year

The detached and townhouse markets continue to drive price growth, while the apartment segment remains stable. The semi-detached segment has seen minimal activity. With relatively low months of supply, Evergreen remains a seller’s market, particularly for row homes and detached houses. Overall, the Evergreen real estate market in December 2024 reflected steady price growth and sustained demand, despite increasing inventory levels.

Evergreen remains a sought-after community due to its proximity to natural parks, excellent schools, and strong neighborhood amenities. The area continues to attract families and professionals due to its balanced mix of affordable apartments, townhomes, and high-value detached homes. Easy access to public transit and major roadways enhances its desirability.

Market Overview

• Sales: The community recorded 6 residential sales, reflecting a 200% year-over-year increase.

• New Listings: There were 9 new listings, up by 50% year-over-year.

• Benchmark Price: The total residential benchmark price was $654,950, showing an 8.1% decrease from the previous year.

• Inventory: Inventory levels stood at 23 units, a 156% increase year-over-year.

• Months of Supply: At 3.83 months, supply was stable, indicating a balanced market.

• Property Types: Detached homes dominated sales, with a benchmark price of $649,900, while semi-detached homes saw growth with a benchmark of $695,000.

Community Development

Rangeview continues to thrive as a vibrant, family-oriented community in southeast Calgary. The area is part of Calgary's master-planned neighborhoods, emphasizing sustainability and connectivity. The community boasts extensive green spaces, parks, and pathways, promoting outdoor activities and active lifestyles.

Shopping and Amenities

Rangeview benefits from proximity to major retail hubs:

• Seton Urban District: Located nearby, it provides residents with access to grocery stores, restaurants, and boutique shopping.

• Mahogany Village Market: A convenient option for everyday essentials and dining.

• South Health Campus: Not only a medical facility but also a hub for wellness and lifestyle services.

The neighborhood is poised for future growth with plans for additional commercial developments and enhanced public amenities.

Market Trends

The Cranston real estate market in December 2024 experienced steady growth across all property types. Key highlights include:

• Detached Homes: The benchmark price reached $757,700, reflecting a 6.8% year-over-year (Y/Y) increase.

• Semi-Detached Homes: The benchmark price rose to $519,400, marking a 10.7% Y/Y increase.

• Row/Townhouses: Prices for row homes increased to $459,900, up 6.2% Y/Y.

• Apartments: The benchmark price for apartments climbed 7.2% Y/Y, reaching $361,900.

Inventory & Sales:

• Total Residential Sales: 25 sales, up 56% from December 2023.

• New Listings: 18 new listings, representing a 38% increase Y/Y.

• Active Inventory: 31 active listings, up 50% Y/Y.

• Months of Supply: 1.24, indicating a seller's market with strong demand.

2024 Annual Market Summary

The year 2024 was marked by a 7.5% increase in overall residential prices, with a total of 510 sales, reflecting a 4% decline compared to 2023. Other key metrics include:

• New Listings: 638, a 3% increase from 2023.

• Inventory: 47 active listings on average, down 8% from the previous year.

• Median Price: Increased 7.8% Y/Y to $587,500.

• Average Price: Rose 6.7% Y/Y to $629,375.

Cranston remained a strong market in 2024, with steady price growth and a seller-favored environment due to low months of supply and strong demand​.

Community Features

Schools

Cranston offers access to quality educational institutions, including:

• Cranston School (Public)

• Dr. George Stanley School (Middle School)

• Christ the King School (Catholic)

• Joane Cardinal-Schubert High School (Nearby)

Transportation

• Highway Access: Convenient access to Deerfoot Trail & Stoney Trail, making commuting easy.

• Public Transit: Calgary Transit routes connect residents to the Seton YMCA, South Health Campus, and LRT stations.

Shopping & Amenities

• Seton Urban District: Includes grocery stores, restaurants, and entertainment.

• Cranston Market: Offers everyday essentials, banking, and dining options.

• South Health Campus: Provides top-tier healthcare facilities.

Parks & Recreation

• Bow River Pathways: Walking and biking trails with scenic views.

• Fish Creek Park: One of Calgary’s largest natural parks, adjacent to Cranston.

• Cranston Residents’ Association: Offers community programs, an ice rink, and sports facilities.

Cranston continued to be a desirable residential area in 2024, with strong price appreciation, low inventory, and high demand. Families and professionals benefit from excellent schools, nearby amenities, and great connectivity. As we enter 2025, the market is expected to remain competitive, particularly in the detached and semi-detached segments.

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Market Trends

• Detached Homes:

  • Benchmark Price: $711,900 (12.5% YoY increase)

  • Sales: 3 (No change from last year)

  • Inventory: 2 (100% drop YoY)

  • Months of Supply: 3.67 (Moderate seller’s market)

• Semi-Detached Homes:

  • Benchmark Price: $472,400 (11.8% YoY increase)

  • No sales were recorded in December 2024

  • Inventory: 0, indicating a complete lack of supply

• Row/Townhouses:

  • Benchmark Price: $342,100 (6.4% YoY increase)

  • Sales: 1 (No change from last year)

  • Inventory: 3

• Apartments:

  • Benchmark Price: $236,600 (9.8% YoY increase)

  • Sales: 3 (-25% YoY drop)

  • Inventory: 11 (38% YoY increase)

  • Months of Supply: 1.28, showing continued demand

• Overall Residential Market:

  • Benchmark Price: $464,600 (5.0% YoY increase)

  • Total Sales: 7 (-13% YoY drop)

  • Inventory: 16 (24% YoY increase)

  • Months of Supply: 2.29, indicating a balanced market

2024 Annual Market Summary

• Total Residential Sales: 179 (-12% YoY)

• New Listings: 219 (-9% YoY)

• Overall Benchmark Price: $493,350 (+4.3% YoY)

• Months of Supply: 1.53 (8% increase from last year)

• Detached Homes Sales: 64 (-30% YoY)

• Apartment Sales: 73 (+3% YoY)

Key Market Trends in 2024

• Strong price growth across all property types, with apartments showing the highest YoY price increase (+9.8%).

• Declining sales volume, especially in detached homes (-30% YoY), indicating affordability challenges.

• Increased inventory in some segments, suggesting the market is shifting toward balance.

• Demand remained strong for apartments, leading to higher prices and lower supply.

Community Highlights

• Dalhousie continues to be a sought-after community due to its access to transit (Dalhousie C-Train), shopping centers, and proximity to the University of Calgary.

• Affordability concerns are growing, especially for detached and semi-detached homes.

• Future market stability is expected with continued demand for lower-priced housing options like apartments and townhouses.

Market Overview

The Hamptons community in Calgary maintained a balanced market in December 2024, with stable pricing and moderate activity in residential real estate. Despite a limited number of new listings, home prices remained strong, reflecting the neighborhood's desirability.

Key Market Statistics

• Sales: 5 total residential sales (unchanged from the previous year).

• New Listings: 3 new listings (down 25% year-over-year).

• Inventory: 6 active listings (down 14% year-over-year).

• Benchmark Prices:

  • Detached Homes: $916,000 (unchanged YoY)

  • Semi-Detached Homes: N/A

  • Row Homes: $491,200 (+6.9% YoY)

  • Apartments: N/A

  • Total Residential: $858,000 (+4.4% YoY)

• Months of Supply: 1.20 months, indicating a seller’s market.

Community Features

The Hamptons is a prestigious Northwest Calgary neighborhood known for family-friendly amenities, green spaces, and recreational opportunities. Some highlights include:

• The Hamptons Golf Club – A premier 18-hole golf course with a clubhouse and dining facilities.

• Parks & Pathways – Extensive walking and biking trails, including Hamptons Park.

• Shopping & Dining – Nearby amenities such as Beacon Hill Shopping Centre and Creekside Shopping Plaza.

• Community Association – Active programs and events fostering a strong sense of community.

Schools in the Hamptons

Hamptons residents have access to top-rated schools, including:

• Hamptons School (K-4) – A strong academic public elementary school.

• Terry Fox School (Grades 5-9) – Serving middle school students with excellent programs.

• Sir Winston Churchill High School – A top-ranking high school with an IB program.

• Nearby Private & Catholic Schools – Options include Calgary French & International School and St. Francis High School.

LRT & Transportation

While the Hamptons does not have a direct LRT station, residents benefit from efficient bus routes and road connectivity:

• Express Bus Routes – Direct service to downtown and key employment hubs.

• Stoney Trail & Shaganappi Trail – Major roadways allowing quick access across Calgary.

• Crowfoot LRT Station – The closest C-Train station, offering seamless access to the downtown core.

Outlook for 2025

The Hamptons is expected to remain a high-demand neighborhood in 2025, driven by its luxury homes, strong community feel, and top-tier schools. With limited new listings and strong buyer interest, home values are anticipated to see modest price appreciation.

For ongoing market updates, community developments, and school catchment changes, stay connected with local real estate boards and city planning announcements.

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.

Market Trends

1. Detached Homes:

   • The benchmark price for detached homes in December 2024 was $794,200, reflecting a 14.7% increase year-over-year (Y/Y).

   • Sales increased by 22% Y/Y, showing continued buyer demand.

   • Inventory declined by 20%, keeping Canyon Meadows in a seller’s market for this segment.

   • Average days on market (DOM) remained steady, indicating balanced transaction activity.

2. Semi-Detached Homes:

   • The benchmark price for semi-detached homes reached $486,100, marking a 14.2% Y/Y increase.

   • Sales remained stable, with only 2 transactions recorded for the month.

   • Active listings were low, maintaining high competition among buyers.

3. Row (Townhomes):

   • Townhomes experienced an 8.4% Y/Y price growth, reaching $340,600.

   • The number of listings increased by 50%, giving buyers more choices.

   • Sales remained consistent, with a steady demand for affordable housing options.

4. Apartments (Condos):

   • The apartment market continued to grow, with prices rising 11.8% Y/Y, reaching $210,700.

   • Sales declined by 65%, suggesting shifting buyer preferences or affordability constraints.

   • Inventory levels remained stable, ensuring a balanced market for condos.

2024 Annual Real Estate Summary

• Overall Market Performance:
  The benchmark price for all property types increased by 8.7% Y/Y, reaching $528,900 by the end of 2024.

  • The detached home market saw the most significant appreciation, driven by limited supply.

  • Row houses and condos remained in demand due to affordability, but sales fluctuated throughout the year.

• Supply & Demand Trends:

  • Inventory remained low throughout 2024, with a consistent seller’s market in most segments.

  • The months of supply metric averaged around 1.5 months, reflecting sustained buyer competition.

• Interest Rates & Buyer Behavior:

  • Higher interest rates slowed luxury sales, but mid-priced homes remained highly competitive.

  • Investors and first-time buyers turned to townhomes and condos, keeping those markets active.

Overall, Canyon Meadows saw a strong year in real estate, with home values appreciating, sales increasing in key segments, and demand outpacing supply in most property types.

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.