Market Trends
Total Residential Sales: 11 transactions (unchanged Y/Y).
New Listings: 9 new listings (29% increase Y/Y).
Inventory Levels: 16 active listings (7% increase Y/Y).
Months of Supply: 1.45 months, suggesting a seller’s market.
Detached Homes
December 2024:
Sales: 6 (unchanged Y/Y)
New Listings: 4 (unchanged Y/Y)
Inventory: 8 active listings
Benchmark Price: $803,300 (7% Y/Y increase)
Months of Supply: 1.46 months
Annual Summary (2024):
Total Sales: 120 transactions (4% decline Y/Y)
Total Benchmark Price: $840,033 (8% Y/Y increase)
Market Trend: Detached homes remained the most in-demand segment, with strong price appreciation and low months of supply throughout the year.
Semi-Detached Homes
December 2024:
Sales: 1 (unchanged Y/Y)
New Listings: 1 (unchanged Y/Y)
Inventory: 1 active listing
Benchmark Price: $476,300 (5% Y/Y increase)
Months of Supply: Stable
Annual Summary (2024):
Total Sales: 13 transactions (30% increase Y/Y)
Total Benchmark Price: $487,892 (11% Y/Y increase)
Market Trend: Semi-detached homes saw stronger price growth than expected, largely due to affordability concerns driving interest in alternatives to detached homes.
Row Homes (Townhouses)
December 2024:
Sales: 1 (unchanged Y/Y)
New Listings: 1 (unchanged Y/Y)
Inventory: 1 active listing
Benchmark Price: $500,700 (8% Y/Y increase)
Months of Supply: 1.45 months (tight market conditions)
Annual Summary (2024):
Total Sales: 23 transactions (28% increase Y/Y)
Total Benchmark Price: $516,475 (13% Y/Y increase)
Market Trend: The row home segment experienced the fastest price appreciation due to limited inventory and strong buyer demand.
Apartments (Condos)
December 2024:
Sales: 3 (down 25% Y/Y)
New Listings: 3 (up 50% Y/Y)
Inventory: 6 active listings (100% increase Y/Y)
Benchmark Price: $263,100 (1.2% Y/Y increase)
Months of Supply: 2.00 months
Annual Summary (2024):
Total Sales: 39 transactions (down 25% Y/Y)
Total Benchmark Price: $263,933 (20% Y/Y increase)
Market Trend: The apartment segment faced affordability challenges, with fewer transactions but continued price growth.
Market Insights
Stable sales activity compared to last year, indicating continued demand.
Increased inventory and new listings provide more choices for buyers.
Price appreciation continues across all property types, with strongest gains in row homes and detached houses.
Edgemont 2024 Annual Real Estate Summary
Sales & Market Activity
Total 195 residential sales, a 5% decrease Y/Y.
244 new listings throughout the year (1% decrease Y/Y).
Inventory increased by 15%, easing market pressure slightly.
Price Trends
Annual Benchmark Price: $711,458 (4.1% increase Y/Y).
Median Price: $699,000 (8.4% increase Y/Y).
Average Price: $690,978 (8.7% increase Y/Y).
Key Market Drivers
Strong demand for detached and row homes due to limited supply.
Affordability challenges affected first-time buyers in the apartment market.
Rising interest rates had a moderate impact but did not slow price growth significantly.
Edgemont NW 2025 Calgary Real Estate Market Outlook
Continued Price Growth, but at a Slower Pace
Detached and row homes will likely see further price increases.
Apartments and semi-detached homes may stabilize due to affordability concerns.
Inventory & Supply Growth
With a 15% increase in inventory in 2024, buyers will have more options in 2025.
Seller competition may increase, leading to more balanced conditions.
Interest Rate & Affordability Considerations
Higher borrowing costs could shift demand towards lower-priced housing segments.
First-time buyers may be more active in the apartment and townhouse markets.
Potential Market Shifts
Continued demand for well-located properties will sustain Edgemont’s market.
More balanced conditions in 2025, but still favoring sellers in certain segments.
Edgemont’s real estate market in 2024 saw steady price growth and sustained demand, despite declining sales and rising inventory. The outlook for 2025 suggests a more balanced market, but price appreciation is expected to continue at a moderate pace.
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