Market Trends
The real estate market in Coventry Hills for October 2024 exhibited the following key trends:
Detached Homes: The benchmark price for detached homes was $604,100, marking a 10% year-over-year (Y/Y) increase.
Semi-Detached Homes: The benchmark price for semi-detached homes rose to $530,300, reflecting a 9% Y/Y increase.
Row/Townhouses: Row homes experienced a 15% Y/Y increase, with a benchmark price of $385,600.
Apartments: No benchmark price was recorded for apartments in this period.
Property Sales and Inventory
Total Sales in October: 12 properties were sold, representing a 48% decrease from the previous year.
New Listings: 18 new listings entered the market, an 18% decrease year-over-year.
Inventory: The total active inventory stood at 25 properties, a 39% increase from October 2023.
Months of Supply: The months-of-supply ratio increased to 2.08, indicating a more balanced market compared to previous months.
Community Features
Schools
Coventry Hills is a family-friendly neighborhood with access to multiple educational institutions, including:
Northern Lights School
Coventry Hills School
Nose Creek School
St. Clare School (Catholic)
These schools cater to students from elementary to middle school, with high school options available in nearby communities.
Transportation
Public Transit: Coventry Hills is well-served by Calgary Transit bus routes that connect residents to major transit hubs.
Road Access: The community offers quick access to Stoney Trail, Deerfoot Trail, and Country Hills Boulevard, providing easy commuting to downtown and other parts of the city.
Shopping & Amenities
Residents enjoy close proximity to a variety of shopping centers, including:
Country Hills Town Centre: Featuring grocery stores, restaurants, and retail outlets.
CrossIron Mills: A major shopping mall just a short drive away, offering a wide range of stores and entertainment options.
Coventry Hills Plaza: A local shopping area with essential services like medical clinics, fitness centers, and dining options.
Recreation & Parks
Vivo for Healthier Generations: A large recreation center offering swimming, fitness, and community programs.
Rotary-Mattamy Greenway: Extensive walking and biking trails surrounding the community.
Nose Creek Park: A popular green space for outdoor activities and family gatherings.
Coventry Hills remains an attractive neighborhood due to its affordable housing options, strong community amenities, and excellent access to schools and transportation. While sales have declined, rising property prices and increased inventory suggest that demand remains steady. Buyers looking for a family-friendly environment with convenient shopping and recreational options will find Coventry Hills a desirable place to live.
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