Sales & Price Trends
The market in McKenzie Lake has been on a strong upward trajectory to kick off 2025. We saw a 117% increase in total residential sales compared to January 2024, which is a big jump. This suggests demand is heating up—more buyers are jumping in, possibly anticipating continued price growth.
The benchmark price rose to $701,200, which is up 6% year-over-year.
Detached homes are leading the charge, hitting a benchmark price of $730,900.
Row homes, though fewer in sales volume, have also climbed, sitting at $420,700.
With no apartment or semi-detached sales recorded, it could indicate that these property types are either limited in supply or just not seeing the same level of buyer interest right now.
Inventory & Supply – A Seller’s Market
This is where things get really interesting. Inventory levels are up by 400% compared to last year, which sounds dramatic, but keep in mind that the previous inventory levels were historically low. Even with more listings coming to market, it’s still a seller’s game because months of supply sits at just 0.77—meaning that if no new homes were listed, everything currently available would be sold in less than a month!
New listings surged by 240%, with 17 homes hitting the market in January.
However, demand is still outpacing supply, keeping competition high among buyers.
This low supply combined with rising prices suggests that homeowners in McKenzie Lake are sitting on a valuable investment, while buyers are facing a market where they need to act quickly and strategically.
What’s Driving These Trends?
A few key factors could be fueling the market’s movement:
Pent-up demand: Buyers who may have been waiting on the sidelines in 2024 are jumping in now, fearing further price increases.
Interest rates & affordability concerns: If buyers expect mortgage rates to stay steady or decline slightly, they may be more motivated to buy before prices rise further.
Community appeal: McKenzie Lake is one of those rare gems in Calgary with lake access, established schools, and great shopping nearby (like McKenzie Towne Centre & South Trail Crossing). This keeps demand strong, especially for families looking for long-term homes.
What to Expect Moving Forward
If trends continue, McKenzie Lake is likely to see:
Continued price appreciation, though possibly at a slower pace if inventory keeps rising.
A competitive market where well-priced homes sell quickly, especially in the detached segment.
Increased interest from move-up buyers, as people looking for bigger homes capitalize on the rising value of their current properties.
For sellers, this remains a great time to list, especially with limited competition in some price brackets. For buyers, patience and preparedness will be key—having financing in place and being ready to move quickly will help navigate the competitive landscape.