Market Trends
Detached Homes:
Benchmark Price: $711,900 (12.5% YoY increase)
Sales: 3 (No change from last year)
Inventory: 2 (100% drop YoY)
Months of Supply: 3.67 (Moderate seller’s market)
Semi-Detached Homes:
Benchmark Price: $472,400 (11.8% YoY increase)
No sales were recorded in December 2024
Inventory: 0, indicating a complete lack of supply
Row/Townhouses:
Benchmark Price: $342,100 (6.4% YoY increase)
Sales: 1 (No change from last year)
Inventory: 3
Apartments:
Benchmark Price: $236,600 (9.8% YoY increase)
Sales: 3 (-25% YoY drop)
Inventory: 11 (38% YoY increase)
Months of Supply: 1.28, showing continued demand
Overall Residential Market:
Benchmark Price: $464,600 (5.0% YoY increase)
Total Sales: 7 (-13% YoY drop)
Inventory: 16 (24% YoY increase)
Months of Supply: 2.29, indicating a balanced market
2024 Annual Market Summary
Total Residential Sales: 179 (-12% YoY)
New Listings: 219 (-9% YoY)
Overall Benchmark Price: $493,350 (+4.3% YoY)
Months of Supply: 1.53 (8% increase from last year)
Detached Homes Sales: 64 (-30% YoY)
Apartment Sales: 73 (+3% YoY)
Key Market Trends in 2024
Strong price growth across all property types, with apartments showing the highest YoY price increase (+9.8%).
Declining sales volume, especially in detached homes (-30% YoY), indicating affordability challenges.
Increased inventory in some segments, suggesting the market is shifting toward balance.
Demand remained strong for apartments, leading to higher prices and lower supply.
Community Highlights
Dalhousie continues to be a sought-after community due to its access to transit (Dalhousie C-Train), shopping centers, and proximity to the University of Calgary.
Affordability concerns are growing, especially for detached and semi-detached homes.
Future market stability is expected with continued demand for lower-priced housing options like apartments and townhouses.
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