Market Trends
Detached Homes: The benchmark price for detached homes reached $600,900, showing a 5% increase year-over-year.
Semi-Detached Homes: The benchmark price rose to $524,900, marking a 6% increase from the previous year.
Row Houses: The benchmark price for row houses was $375,800, which remained unchanged year-over-year.
Apartments: No data available for apartments.
Total Residential Market: The overall benchmark price for residential properties was $577,900, reflecting a 4.6% increase year-over-year.
Sales and Inventory
Total residential sales for January 2025 were 18, representing a 50% increase from last year.
New listings stood at 13, marking an 8% increase compared to last year.
Inventory levels increased to 12 active listings, a 20% rise year-over-year.
Months of supply was 0.67, indicating a strong seller’s market with limited inventory.
2025 Real Estate Outlook
Continued Growth: Coventry Hills has seen consistent price appreciation, particularly in detached and semi-detached homes, suggesting strong demand.
Supply Constraints: With low months of supply, homebuyers may face competition, pushing prices higher.
Balanced Market Potential: If inventory increases in the coming months, Coventry Hills could move towards a more balanced market.
Investment Appeal: The steady growth and affordability compared to other Calgary neighborhoods make Coventry Hills an attractive choice for buyers and investors.
Comments:
Post Your Comment: