In May 2025, Calgary saw a surge of demand for detached homes, with several properties selling within just a few days of hitting the market. These quick sales were typically characterized by competitive pricing, desirable styles (especially bungalows and bi-levels), and well-located communities.
📌 Key Highlights:
Fastest-Selling Communities by volume:
Brentwood led the city with 6 fast sales, averaging $831,379 per home.
West Hillhurst, Varsity, and Oakridge followed, each with multiple quick transactions.
Property Styles:
Bungalows dominated the market, prized for their single-level layouts.
Bi-levels and 4-level splits were also popular, especially in suburban neighborhoods.
Size and Price:
Average size for fast-selling homes ranged from 750 to over 2,000 sq ft.
The highest price per square foot was recorded in West Hillhurst at $1,038/sqft, due to smaller but high-value inner-city properties.
Price vs. List:
Many homes sold at or above list price, indicating a competitive environment.
Example: A property in Penbrooke Meadows listed at $399,900 sold in just 4 days for $350,000 — a quick transaction despite a discount, likely due to location or condition factors.
Conversely, a home in West Hillhurst sold at asking price of $990,000 in 1 day, reflecting strong buyer demand.
🏡 Sample of Quick Sales:
📊 Sold Price vs Listing Price Analysis
Homes that sold quickly often did so in a competitive pricing environment. We calculated the Sold-to-List Price Ratio (Sold Price ÷ Listing Price), a key metric to understand market demand and pricing strategy:
🔼 Over List Price (Ratio > 100%):
~31% of quick-sale homes sold above their listing price, suggesting bidding wars or underpricing strategies.
Example:Brentwood Bungalow – Listed at $699,900, sold for $750,000 → 107.1% of list price
Southview Bungalow – Listed at $399,900, sold for $430,000 → 107.5%
⚖️ At List Price (Ratio ≈ 100%):
Around 44% of homes sold at list price, indicating accurate market pricing.
Example:Oakridge Bungalow – Listed and sold at $849,900 → 100%
🔽 Below List Price (Ratio < 100%):
The remaining 25% sold below asking, often due to condition, location, or aggressive negotiation.
Example:Penbrooke Meadows Bi-Level – Listed at $399,900, sold for $350,000 → 87.5%
📌 Top Performing Communities by Price Strength
🔍 Insight Summary
Buyers acted fastest in Brentwood, which also had the highest number of quick sales.
Bungalows remain the dominant preference, likely due to accessibility, layout efficiency, and lot size.
Homes in inner-city and well-established areas (West Hillhurst, Varsity) sold especially fast, often at or above list price.
Accurate pricing continues to be crucial. Homes priced close to market value are selling at or above list within days.
What happened in Auburn Bay in May 2025, please find market update here.
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