📊 Overall Market Snapshot
Total Sales: 76
(⬇️ 18.3% year-over-year)New Listings: 119
(⬆️ 20.2% year-over-year)Sales-to-New Listings Ratio: 63.87% – indicating a balanced but slightly buyer-favorable market
Average Inventory: 54 (⬆️ 172.88% YoY)
Months of Supply: 2.12 months (⬆️ 233.92% YoY)
Average Days on Market (DOM): 39 days (⬆️ 128.54% YoY)
Benchmark Price (Total Residential): $540,033
(⬇️ 4.11% year-over-year)
🏘️ Market Trends
🏠 Detached Homes
Benchmark Price: $772,567 (⬆️ 3.1% YoY)
Median Price: $757,500 (⬆️ 0.8%)
Average Price: $755,267 (⬇️ 3.33%)
Sales Volume: 21 (⬇️ 36.4% YoY)
Months of Supply: 2.48
DOM: 33 days
💡 Detached homes remain the highest-priced segment. While benchmark values are climbing, average sale prices dipped slightly, indicating more sales in the mid-range. Demand is steady but easing, with longer selling times and higher supply.
🏘️ Semi-Detached Homes
Benchmark Price: $560,400 (⬆️ 1.23% YoY)
Median Price: $570,250 (⬇️ 2.96%)
Average Price: $559,000 (⬇️ 7.07%)
Months of Supply: ~3.45
💡 A cooling trend seen in both average and median prices. Listings are up while sales are softening, creating longer sell cycles. Strategic pricing is key.
🏘️ Row (Townhomes)
Benchmark Price: $408,867 (⬆️ 1.1% YoY)
Median Price: $426,811 (⬆️ 8.76%)
Average Price: $434,250 (⬆️ 5.86%)
💡 One of the best-performing segments in Q1. Prices are climbing steadily, indicating increasing demand, especially from first-time buyers and downsizers seeking affordable alternatives.
🏢 Apartments
Benchmark Price: $306,900 (⬇️ 7.15%)
Median Price: $275,750 (⬇️ 9.89%)
Average Price: $274,649 (⬇️ 5.05%)
💡 The most affordable segment, but facing downward pressure in both pricing and demand. This is likely due to rising inventory and limited differentiation among listings.
🏫 Panorama Hills NW Community Highlights – Q1 2025
📌 School News
Captain Nichola Goddard School initiated a pilot program for enhanced arts integration in STEM subjects this spring.
Panorama Hills Elementary launched its Eco-Club’s Spring Clean Initiative, getting kids involved in local green efforts.
Notre Dame High School hosted a citywide science competition in March, bringing students across Calgary to compete in robotics and innovation.
🧒 Community & Family Engagement
Parent Council groups have been active in funding new playground improvements and digital resource upgrades across schools.
“Books & Breakfast” morning events at schools saw record attendance, building stronger family-school connections.
🔮 Q2 2025 Outlook
Detached and semi-detached homes may see more modest pricing as inventory builds.
Townhomes are expected to remain competitive, potentially with further price appreciation.
Apartments will continue to be attractive for entry-level buyers but may require incentives to stimulate sales.
Community confidence remains high, buoyed by education investment and vibrant youth programs.
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