New Brighton real estate market - January 2025

Between December 2024 and January 2025, Calgary's real estate market exhibited notable trends, particularly in the New Brighton SE community.

Calgary Market Overview:

• Sales Activity: December 2024 recorded 1,322 sales, a slight 3% decrease from the previous year, yet nearly 20% above long-term trends. January 2025 saw 1,451 sales, marking a 12% year-over-year decline but still approximately 30% higher than typical January figures.

• New Listings and Inventory: December's inventory stood at 2,989 units, while January experienced a significant 70% year-over-year increase to 3,639 units. New listings in January reached 2,896, indicating an improvement in supply.

• Benchmark Prices: The total residential benchmark price was $583,300 in December 2024 and remained stable at $583,000 in January 2025, reflecting a 2.8% year-over-year increase.

New Brighton SE Specifics:

• December 2024: The benchmark residential price in New Brighton reached $547,500, a 5.3% year-over-year increase. Inventory remained tight with only 4 new listings and 12 sales, resulting in 0.83 months of supply.

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• Property Breakdown:

  • Detached Homes: Average price of $669,600, showing solid appreciation.

  • Semi-Detached Homes: Benchmark price at $579,600.

  • Row/Townhouses: Average price of $447,200, reflecting growing demand.

  • Apartments: Average price at $351,100, offering an affordable entry point.

Specific data for New Brighton in January 2025 is not available. However, given the citywide trends of increased inventory and stable pricing, it's plausible that New Brighton experienced similar patterns.

Community Features:

• Recreation: The New Brighton Club offers amenities such as tennis courts, a splash park, skating rinks, and playgrounds, fostering a vibrant community lifestyle.

• Shopping and Schools: The area is well-served by shopping centers like McKenzie Towne High Street and South Trail Crossing, providing a mix of grocery stores, restaurants, and retail shops. Educational institutions, including St. Marguerite School and Dr. Martha Cohen School, are known for quality programs and extracurricular activities.

In summary, from December 2024 to January 2025, Calgary's real estate market showed increased inventory and stable prices. New Brighton SE mirrored these trends, maintaining its appeal due to robust community features and amenities.