McKenzie Towne’s real estate market in Q1 2025 showed moderate cooling compared to the last quarter of 2024, though it remains relatively active. Inventory increased slightly, giving buyers more options and leverage, especially in certain property types. Prices, while mostly stable, saw varied shifts depending on property classification.
Total Sales (Q1 2025): 58 homes
Average Sale Price: $474,188
Sales-to-List Price Ratio: 98.2%
Average Days on Market: 25 days
🏠 Detached Homes
Number of Sales: 17
Average Price: $607,647
Price per Square Foot: $383
Average Days on Market: 21
Trend: Detached home sales remained strong, with consistent buyer interest due to limited supply and desirable lot sizes. Prices rose modestly from Q4 2024, driven by demand for family-sized homes and modernized interiors.
🏘️ Semi-Detached Homes (Duplexes)
Number of Sales: 5
Average Price: $489,400
Price per Square Foot: $397
Average Days on Market: 12
Trend: Duplexes moved quickly this quarter, with the shortest average DOM (Days on Market) of all property types. These properties are especially appealing to first-time buyers and downsizers looking for affordability without sacrificing space.
🏢 Row/Townhomes
Number of Sales: 17
Average Price: $378,388
Price per Square Foot: $352
Average Days on Market: 24
Trend: Townhomes were the most active segment, matching detached home sales. Their balance of price and square footage remains appealing. Prices stayed relatively flat, though homes with recent renovations or attached garages commanded a premium.
🏙️ Apartments
Number of Sales: 19
Average Price: $284,232
Price per Square Foot: $374
Average Days on Market: 33
Trend: Apartments had the highest volume of listings and longest time on market. Price growth was minimal, and many units faced stiff competition. Units with updated interiors and west-facing balconies saw quicker sales and slightly better pricing.
📰 McKenzie Towne community News
Inventory Rise: Calgary’s southeast sector, including McKenzie Towne, experienced a noticeable increase in new listings. This is partly attributed to interest rate stabilization, encouraging move-up buyers to list their current homes.
Affordability Pressure: The ongoing affordability crunch in central Calgary is pushing buyers further out to communities like McKenzie Towne, especially for family-friendly layouts and walkable neighborhoods.
Community Appeal: McKenzie Towne remains a favorite for young families and retirees, thanks to its pedestrian-friendly design, parks, and proximity to major roads and shopping hubs.
Rental Demand: Investors continue to show interest, especially in townhomes and apartments, due to strong rental demand from younger professionals priced out of homeownership.
🔮 Outlook for Q2 2025
Buyers can expect slightly more negotiating power, especially in the condo market.
Sellers of detached and semi-detached homes should still find success if priced competitively.
Watch for rate announcements and employment trends in Calgary to gauge how demand might shift through spring and summer.
Comments:
Post Your Comment: