Cranston’s housing market in Q1 2025 showed healthy momentum, characterized by rising demand, low inventory, and continued price stability, especially among detached homes.
📊 General Market Trends:
Sales: 109 (▲9.0% YoY)
New Listings: 176 (▲53.0% YoY)
Sales-to-New-Listings Ratio (S/NL): 61.93% – indicative of a balanced to seller-leaning market
Average Days on Market: 31 (▲26.5% YoY)
Months of Supply: 1.88 (▲129% YoY) – still relatively tight despite increases
Benchmark Price (All Residential): $626,967 (▲2.46% YoY)
🏠 Property Type Breakdown
🔹 Detached Homes
Sales: 62 (↑12.7% YoY)
Benchmark Price: $769,700 (↑5.4% YoY)
Median Price: $697,250 (↓2.48% QoQ)
Average Price: $777,672 (↓0.05% QoQ)
Inventory: Tight, with 1.74 months of supply
Market Insight: Continued strong demand despite higher prices. Slight QoQ dips hint at affordability ceilings being tested.
🔹 Semi-Detached Homes
Benchmark Price: $529,967 (↑6.73% YoY)
Market Insight: Moderate gains in pricing and inventory. These homes appeal to buyers looking for value near detached home quality.
🔹 Row Homes
Benchmark Price: $464,267 (↑2.68% YoY)
Median Price: $469,950 (↑13.8% YoY)
Sales: Strong in the $400K–$500K range.
Market Insight: Row homes have seen significant interest from first-time buyers and downsizers, contributing to rising median prices.
🔹 Apartments
Benchmark Price: $364,600 (↑0.81% QoQ)
Sales: Mostly under $400K, clustered around the $300K–$400K price bracket.
Market Insight: Apartments remain the most affordable entry point, with price gains leveling off after strong activity in 2023.
📈 Price Growth Trends
Cranston’s benchmark price continues a multi-year upward trajectory, reaching its highest Q1 value to date. Long-term homeowners have seen substantial equity growth, especially in detached and row housing segments.
🏘️ Community News & Activities – Q1 2025
While the report doesn’t include direct community events, Cranston remains one of Calgary’s most family-friendly neighborhoods, anchored by:
The Cranston Residents Association (CRA) at Century Hall: Offers a packed schedule of programs like yoga, skating lessons, and youth camps that keep community life vibrant.
Proximity to Fish Creek Park continues to attract outdoor lovers.
Ongoing infrastructure development in nearby Seton (including hospital services and shopping expansion) has had a halo effect on Cranston's desirability and property value.
📈 Market Outlook
Cranston is showing signs of healthy growth across all property types. Detached homes, while commanding higher prices, continue to perform steadily, while the semi-detached and row segments are rising stars, particularly for first-time and move-up buyers. The apartment market is comparatively slower, but stable.
Low supply and strong demand continue to define the area's dynamics. Sellers remain in a favorable position, particularly those with well-maintained, competitively priced homes.
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