Dalhousie Real Estate Market Summary – November 2024

Market Trends

• Detached Homes:

  • The benchmark price for detached homes in Dalhousie reached $725,600, marking an 11% year-over-year increase.

  • There were 3 sales, representing a 40% drop compared to last year.

  • Inventory stood at 8 units, a 22% decline from the previous year.

  • The months of supply for detached homes is 3.33, indicating a moderate seller’s market.

• Semi-Detached Homes:

  • The benchmark price was $475,000, showing a 13% annual increase.

  • No sales were recorded in November, indicating weaker demand in this segment.

  • Inventory remained at zero, suggesting low supply but also little market activity.

• Row/Townhouses:

  • The benchmark price was $346,100, increasing 9% year-over-year.

  • Sales were down by 100%, with no recorded transactions.

  • Inventory was 3 units, reflecting a 50% increase from last year.

• Apartments:

  • The benchmark price was $245,000, increasing 16% from the previous year.

  • There were 3 sales, down 63% year-over-year.

  • Inventory was 9 units, reflecting a 100% increase from the previous year.

  • The months of supply for apartments reached 3.00, indicating a balanced market.

• Overall Residential Market:

  • The total benchmark price across all property types stood at $471,200, a 5% increase from last year.

  • Total residential sales dropped 57% year-over-year, with only 6 transactions.

  • Inventory stood at 20 units, an 18% decline from the previous year.

  • The overall months of supply reached 3.33, indicating balanced to moderate seller’s market conditions.

Market Dynamics

• Inventory & Sales Decline: Despite rising property values, sales activity slowed significantly in November, particularly for detached homes and apartments.

• Strong Price Growth: Property values have increased across all segments, particularly apartments and semi-detached homes, reflecting sustained demand and limited supply.

• Supply Constraints: The reduction in active listings and sales volume suggests that buyers face limited options, contributing to higher price pressures.

Community Features

Dalhousie remains a desirable residential neighborhood due to its proximity to key amenities, including:

• Dalhousie C-Train Station, offering excellent transit access.

• Shopping & Retail: Northland Mall, Market Mall, and local shopping centers.

• Educational Institutions: Close to the University of Calgary, several top-rated schools, and childcare facilities.

• Green Spaces & Recreation: Multiple parks, walking trails, and recreational facilities, making it attractive for families and outdoor enthusiasts.