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McKenzie Lake Calgary Real Estate Report — Q2 2025

Posted on July 2, 2025 by Team Jillain

Executive snapshot (Apr 1–Jun 30, 2025)

Sales: 48 (-14% vs. Q1’s 56). New listings: 76. S-to-N ratio: 63.16% — still a clear sellers’ market.
Average inventory: 20 homes. Months of supply: 1.27 (tight). Median DOM: 18 days.
Benchmark price (all residential): $722,100 (+0.18% QoQ, +0.38% YoY).
Sales mix: Detached = 89.4% of sales; Row/Townhomes ≈ 10%; Apartments = 0% (virtually no condo stock in the quarter).

Prevalence: Nearly 9 in 10 sales were detached, underscoring the lake-community’s single-family identity.
Pricing:
- Two-storey benchmark: $764,267
- Bungalow/one-storey benchmark: $718,200
Tempo: At 1.27 MOS and 18 DOM, well-priced homes faced multiple-showing weekends and quick offers.
Buyer profile: Move-up families targeting bedroom count, finished basements, and proximity to Mountain Park School and the Beach Club.

Share of sales: ~10% with row benchmark at $425,833; thin inventory means price discovery can be jumpy from one sale to the next.
Buyer profile: Downsizers and first-timers seeking lake-community lifestyle at a lower entry price.

Activity: No apartment sales recorded in Q2; condo options remain scarce in McKenzie Lake proper.
Buyer redirect: Condo shoppers often look to nearby lake-adjacent SE communities when they need this format.

Sellers’ market holds: A 63% sales-to-new-listings ratio with ~1.3 months of supply kept leverage with sellers; small QoQ price gains and sub-3-week median DOM confirm demand resilience.
Seasonality vs. selection: Sales dipped from Q1, but new listings (76) gave buyers slightly more selection—important for move-up purchasers targeting two-storeys near schools and the lake amenities.
What could shift Q3: Any late-summer listing wave could ease bidding pressure; otherwise expect continued stability around the $720k–$770k band for typical family homes, with renovated lake-access properties clearing above.

Family two-storey (most common): $764,267 benchmark. Updated kitchens, A/C, and landscaped yards near school walk-zones drew fastest activity.
Bungalow (downsizer favourite): $718,200 benchmark. Single-level living with modernized interiors remained competitive given limited supply.
Row/Townhome: $425,833 benchmark. When a good one lists, expect swift interest from budget-sensitive buyers.

(Benchmarks are reference points; individual homes trade above/below based on renovation level, lake access, lot, and garage size.)

Beach Club & programs: The McKenzie Lake Residents Association (MLRA) continued spring-to-summer operations and programming at 16199 McKenzie Lake Way SE (Beach Club Hall, outdoor amenities, rentals).
Signature Q2 events:
- Father’s Day Fishing Derby — June 15, 2025 (family angling & prizes).
- Summer Food Truck Nights, Family Fun Day, Movie in the Park, Summer Send-Off (seasonal community gatherings).
Community Association programming: The McKenzie Lake Community Association ran year-round programs (incl. tots drop-in Sep–Jun) and before/after school care for McKenzie Lake School & St. John Henry Newman (K–5).
Newsletter notes: MyCalgary’s community newsletter reiterates MLRA amenities (tennis, basketball, beach volleyball, toboggan hill) and rental availability of the Beach Club facilities.

Public (CBE):
- McKenzie Lake School — K–5; ~560 students; traditional calendar.
- Mountain Park School — Grades 5–9; 312 Mt. Douglas Close SE; 403-777-6442.
Catholic (CCSD):
- St. John Henry Newman School — K–9; 16201 McKenzie Lake Blvd SE.
Transit: Calgary Transit provides school express routes that many students use for daily commutes.

For sellers

Price tightly off the latest comps for your subtype (two-storey vs bungalow) and launch with complete pre-inspection + professional media; with ~18 DOM medians, your first two weekends matter most.
Consider pre-listing touch-ups that resonate locally: A/C installation, deck refresh, and low-maintenance landscaping for summer showings.

For buyers

Get financing finalized and be “offer-ready” for renovated two-storeys; at ~1.3 MOS, desirable listings don’t linger.
If you’re price-anchored under benchmark, watch the row/townhome segment and be prepared to move quickly when one appears.

Inventory drift: Any late-summer listing bump could nudge MOS toward balance; otherwise, expect steady pricing with slight upward bias in turnkey family homes.
Community draw: Ongoing MLRA events and Beach Club seasonality keep foot traffic high—often translating into stronger weekend showing volumes.

(How much is your home worth? Contact us for a Free Home Evaluation.)

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