Market Trends
Sales Activity:
A total of 13 homes were sold in October 2024, marking an 86% increase from the previous year, indicating a strong demand for properties in the area.
New Listings:
11 new listings were added, reflecting an 8% decline year-over-year, contributing to the ongoing shortage of inventory.
Inventory:
20 active listings, showing an 82% increase compared to last year, suggesting a growing supply of homes.
Benchmark Prices:
The overall residential benchmark price reached $548,900, reflecting a 3.4% annual increase.
Months of Supply:
The current months of supply is 1.54, reinforcing a seller’s market, meaning demand is still outpacing supply.
Market Breakdown by Property Type
Detached Homes
Sales: 4 homes sold, marking a 43% decline year-over-year.
New Listings: 5 new detached home listings (-44% Y/Y).
Benchmark Price: $630,200, showing a 12% increase compared to last year.
Market Trend: Despite fewer sales, detached homes remain in demand with steady price growth.
Semi-Detached Homes
Sales: No sales were recorded in this category for October 2024.
New Listings: No new listings.
Benchmark Price: N/A.
Market Trend: Limited activity in this segment, suggesting a low supply or lack of demand.
Row (Townhouses)
Sales: 5 units sold, no change from the previous year.
New Listings: 1 new listing (unchanged Y/Y).
Benchmark Price: $433,200, reflecting a 6.5% increase from last year.
Market Trend: Townhouses remain a popular and stable housing option, with prices gradually increasing.
Apartments
Sales: 4 apartment sales, a 267% increase from last year.
New Listings: 5 new listings, a 150% increase Y/Y.
Benchmark Price: $426,200, increasing 4.7% annually.
Market Trend: A surge in apartment demand, possibly due to affordability concerns in the detached home market.
Community Features
1. Schools & Education
Harvest Hills is well-served by a variety of public and Catholic schools, offering both elementary and high school options. Some of the closest schools include:
Ascension of Our Lord School (K-9, Catholic)
Harvest Hills Montessori
Northern Lights School (Public K-4)
2. Transportation & Accessibility
Roads: Convenient access to Deerfoot Trail and Country Hills Boulevard, allowing quick connectivity to downtown and Calgary International Airport.
Public Transit: Several bus routes service the area, connecting to major transit hubs.
3. Shopping & Retail
Country Hills Town Centre: Features major retailers, grocery stores, and restaurants.
Creekside Shopping Centre: Offers additional shopping, dining, and essential services nearby.
4. Recreation & Green Spaces
Harvest Hills Park: A popular outdoor space for walking, jogging, and family activities.
Nose Creek Parkway: A nearby natural park area offering trails and scenic views.
Golf Courses: Close to Country Hills Golf Club, providing an excellent option for golf enthusiasts.
Harvest Hills continues to see strong demand, particularly in the apartment and townhouse segments due to affordability. Detached homes remain desirable, but higher prices have slightly slowed sales. The community's proximity to amenities, schools, and major roadways makes it a highly attractive area for buyers.
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