McKenzie Towne, one of Calgary’s most desirable suburban communities, experienced a mixed real estate market in January 2025. While home prices remained strong, sales declined due to shifting market conditions.
Market Highlights:
Total Residential Sales: 17 homes sold (-45% year-over-year).
Benchmark Price: $493,700 (+3.9% year-over-year).
Detached Homes: Benchmark price of $638,500 (+8% YoY).
Semi-Detached Homes: Benchmark price of $473,500 (+7% YoY).
Row Homes: Benchmark price of $428,700 (+6% YoY).
Apartments: Benchmark price of $330,400 (+4% YoY).
New Listings: 24 homes listed, a 40% decrease from last year.
Inventory: 28 active listings, up 56% from January 2024.
Months of Supply: 1.65, indicating a more balanced market compared to previous months.
Market Trends:
McKenzie Towne’s sales have dropped by 45% year-over-year, largely due to reduced new listings and shifting buyer demand. Despite fewer sales, home prices have continued to rise, particularly for detached homes, which saw the highest price growth (+8%).
The increase in active listings (+56%) means buyers now have more options, potentially slowing the rapid price appreciation seen in previous months. However, with only 1.65 months of supply, McKenzie Towne is still in a seller’s market, though conditions are easing.
If inventory continues to rise in 2025, price growth may moderate, creating more opportunities for buyers who have faced tough competition over the past year.
Community Features:
Shopping & Amenities
McKenzie Towne is known for its vibrant shopping and dining scene, with High Street at the heart of the community. Residents enjoy access to:
McKenzie Towne Centre – A mix of grocery stores, coffee shops, and restaurants.
South Trail Crossing – A large retail hub with big-box stores like Walmart, Home Depot, and Superstore.
130th Avenue SE Shopping District – A major commercial corridor with a wide variety of retail and dining options.
Transportation
McKenzie Towne offers excellent public transit and road connectivity, including:
Access to Deerfoot Trail & Stoney Trail, making commuting to downtown Calgary or other parts of the city easy.
Calgary Transit Express Bus Routes, with connections to the downtown core and LRT stations.
Proposed Green Line LRT Extension, which could improve transit access in the future.
Outlook for 2025
Expect slower price growth if inventory continues to rise.
The market remains favorable for sellers, though buyers have more choices now.
Detached and semi-detached homes remain in high demand, driving price appreciation.
The area's shopping and transit options continue to make McKenzie Towne a top choice for families and professionals.
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