The Legacy real estate market in October 2024 remained strong and competitive, with an increase in both sales and home prices. The benchmark price for total residential properties reached $985,500, reflecting a 6.9% year-over-year (Y/Y) increase.
Key Market Stats:
Sales: 32 transactions (+28% Y/Y)
New Listings: 40 listings (+14% Y/Y)
Months of Supply: 2.16 months (indicating a balanced market)
Inventory: 69 active listings (+30% Y/Y)
Sales-to-New Listings Ratio: 0.80, signaling strong buyer demand.
Median Price: $552,500 (+5.2% Y/Y)
Average Price: $495,626 (+0.7% Y/Y)
Property Type Breakdown:
Detached Homes: $1,042,700 benchmark price (+2% Y/Y)
Row/Townhouses: $426,000 benchmark price (+6.9% Y/Y)
Apartments: $338,100 benchmark price (+5.5% Y/Y)
Semi-Detached: No sales recorded this month.
Market Trends
1. Increased Sales & Buyer Demand
Sales were 28% higher than October 2023, showing consistent demand for properties in Legacy.
The Sales-to-New Listings Ratio (0.80) indicates that a large portion of new listings are selling quickly.
2. Rising Home Prices
The benchmark price grew by 6.9% Y/Y, driven by high demand and limited supply.
The detached home market remains strong, with values exceeding $1 million.
3. Balanced Market Conditions
The Months of Supply (2.16 months) suggests a balanced market, neither favoring buyers nor sellers.
With rising inventory levels, more choices are becoming available for buyers.
Community Features
Legacy is one of Calgary’s fastest-growing communities, offering modern homes, ample green space, and convenient access to key amenities.
Parks & Outdoor Spaces: Features over 300 acres of environmental reserve, walking trails, and Legacy Park.
Dining & Shopping: Home to Legacy Village and close to Shawnessy Shopping Centre, providing retail stores, restaurants, and services.
Recreation: Quick access to Blue Devil Golf Course and the Bow River pathways.
Schools in Legacy
Legacy is a family-friendly community with access to excellent schools, including:
All Saints High School (Catholic)
Ridgegate School (Public, opening soon)
Nearby schools in Walden and Silverado also serve Legacy residents.
Shopping & Accessibility
Legacy Corner & Legacy Village provide shopping, dining, and grocery options within the community.
South Health Campus is a short drive away for medical services.
Stoney Trail & Macleod Trail offer easy access to downtown Calgary and other parts of the city.
Calgary Transit provides bus routes connecting to LRT stations.
Legacy’s real estate market remained strong in October 2024, with high demand, rising prices, and a balanced supply. The community continues to attract families and professionals with its modern amenities, excellent schools, and convenient location.
Comments:
Post Your Comment: