In the first quarter of 2025, New Brighton, a vibrant community in southeast Calgary, experienced notable activity in its real estate market across various property types.
Detached Homes: Detached homes in New Brighton saw significant appreciation. In December 2024, the average price was $669,600, reflecting a solid year-over-year increase. By February 2025, the average sold price for all property types in the community reached $631,607, indicating a 16% annual increase. This upward trend underscores the sustained demand for detached properties in the area.
Semi-Detached Homes: Semi-detached homes also experienced price growth. In December 2024, the benchmark price was $579,600. By February 2025, the benchmark price increased to $673,600, marking an 8.3% annual rise. This trend highlights the growing appeal of semi-detached homes among buyers seeking a balance between affordability and space.
Row/Townhouses: The row and townhouse segment demonstrated robust performance. In December 2024, the average price was $447,200. By February 2025, the average price increased to $465,712, representing a 6% annual gain. This increase reflects a growing preference for townhouses, likely driven by their affordability and suitability for various buyer demographics.
Apartments: Apartment-style condominiums maintained steady growth. In December 2024, the average price was $351,100. By February 2025, the average price rose to $352,799, a 4.7% annual increase. This steady appreciation indicates sustained interest in apartment living, particularly among first-time buyers and investors.
Market Dynamics: The overall real estate market in New Brighton during Q1 2025 was characterized by increased inventory and balanced conditions. In February 2025, there were 24 new listings, up from 13 in January, and six homes sold, compared to ten the previous month. The sales-to-new-listings ratio stood at 50%, indicating a balanced market that offers opportunities for both buyers and sellers.
In summary, New Brighton's real estate market in the first quarter of 2025 displayed healthy growth across all property types, supported by balanced market conditions and reflecting broader trends observed throughout Calgary.
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