The real estate market in New Brighton experienced significant activity in the fourth quarter of 2024. Key statistics include:
Sales: 51 transactions, marking a 41.67% increase compared to the previous year.
New Listings: 48, up by 37.14% year-over-year.
Sales-to-New-Listings (SNL) Ratio: 106.25%, indicating a strong seller’s market.
Average Days on Market: 28, slightly up by 6.22% year-over-year.
Months of Supply: 1.41, showing a 100% increase from the previous year but still maintaining a competitive demand.
Property Prices
Benchmark Price: $549,467 (5.67% year-over-year growth).
Median Price: $592,000 (4.7% increase from Q4 2023).
Average Price: $585,613 (9.2% increase).
Detached Homes Benchmark Price: $669,933.
Semi-Detached Benchmark Price: $580,300.
Row Homes Benchmark Price: $450,433.
Apartments Benchmark Price: $357,867.
Sales by Property Type
Detached homes saw the most activity, followed by semi-detached and row homes.
Apartments made up a smaller segment of sales, maintaining affordability.
Community Features
Schools
New Brighton School (K-4): A well-rated elementary school within the community.
Dr. Martha Cohen School (5-9): Serves middle school students from New Brighton and surrounding areas.
Joane Cardinal-Schubert High School: Located nearby in Seton, providing high school education with advanced learning opportunities.
Shopping & Amenities
McKenzie Towne Centre: A popular shopping district with grocery stores, banks, and restaurants.
Seton Urban District: Features a large YMCA, South Health Campus, retail stores, and entertainment options.
130th Avenue Shopping Corridor: Home to major retailers like Walmart, Canadian Tire, Superstore, and numerous dining establishments.
Overall, Q4 2024 reflected a strong and active market in New Brighton, with rising home prices and sustained buyer demand. The community continues to be a desirable location for families due to its excellent schools, amenities, and accessibility.
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