Real Estate Market Trends
Sales Activity: 11 total residential sales in January, reflecting a 15% decrease year-over-year.
New Listings: 15 new listings, a 7% increase compared to January 2024.
Inventory: 9 available homes, down 31% from the previous year.
Benchmark Price: $875,700 for total residential properties, up 3.7% year-over-year.
Months of Supply: 0.82 months, indicating a strong seller’s market.
Detached Homes 🏡
Benchmark Price: $1,239,600 (6% Y/Y increase)
Sales Activity: 4 sales, down 43% year-over-year.
New Listings: 8 new listings, a 14% increase from January 2024.
Inventory: 5 active listings, indicating a low supply compared to demand.
Market Trend: Despite rising prices, detached home sales slowed due to affordability concerns and limited supply.
Row Homes (Townhouses) 🏘️
Benchmark Price: $544,000 (up 9% Y/Y)
Sales Activity: 4 sales, up 100% compared to last year.
New Listings: 5 new listings, a 67% increase from January 2024.
Inventory: 3 active listings, making it a competitive market.
Market Trend: Strong demand for affordable housing options has driven up both prices and sales in the row-home sector.
Apartments (Condos) 🏢
Benchmark Price: $429,800 (up 9% Y/Y)
Sales Activity: 3 sales, the same as last year.
New Listings: 2 new listings, down 33% from January 2024.
Inventory: 1 active listing, reflecting a tight market with very few options available.
Market Trend: Demand remains stable, but low new listings and inventory constraints are driving up prices.
Local Amenities
Schools: Aspen Woods is known for top-rated schools such as Webber Academy, Calgary Academy, and Rundle College. Public school options include Dr. Roberta Bondar School and Ernest Manning High School.
Public Transit: The nearest LRT station is 69th Street Station, providing direct access to downtown Calgary. Bus routes also serve the area for added convenience.
Shopping & Lifestyle: Aspen Landing Shopping Centre offers various retail stores, dining, and professional services. Westhills and Signal Hill shopping centers are a short drive away for additional shopping options.
Overall Market Summary
Total residential price: $875,700 (up 3.7% Y/Y).
Total sales: 11 homes sold (down 15% Y/Y).
Months of Supply: 0.82 months, indicating a seller’s market.
Key Takeaways:
✔️ Detached homes remain the most expensive but are seeing fewer transactions due to high prices.
✔️ Row homes (townhouses) are in high demand, with prices and sales both rising.
✔️ Apartments (condos) are appreciating in value but have very limited inventory.
✔️ Semi-detached homes have no movement, likely due to low turnover rates.
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