Market Highlights:
Sales Activity: West Springs recorded 16 total residential sales in October, reflecting stability compared to last year.
Price Trends: The benchmark price for all residential properties increased by 6.2% year-over-year, reaching $816,000.
Detached homes were priced at a benchmark of $1,068,700, showing notable strength.
Apartments experienced a benchmark price of $478,900.
New Listings: There were 34 new listings, representing a 31% year-over-year increase, suggesting growing market inventory.
Inventory Levels: The inventory expanded by 83% year-over-year, standing at 42 active listings by month-end.
Months of Supply: Increased to 2.63 months, indicating a slight shift toward a balanced market.
Community Features:
West Springs is a family-friendly neighborhood in Calgary’s southwest, known for its blend of natural beauty, recreational amenities, and urban convenience. Key community highlights include:
Schools and Education: The area is served by top-tier schools, both public and private, making it attractive for families.
Parks and Trails: Residents enjoy access to numerous green spaces and walking trails, enhancing outdoor living.
Shopping and Dining: A variety of retail centers and dining options cater to diverse tastes, located just minutes away.
Proximity to Downtown: West Springs offers a peaceful suburban lifestyle with easy commutes to downtown Calgary.
The current trends suggest growing inventory with steady price appreciation, signaling opportunities for both buyers and sellers in the market. The community continues to shine as a desirable location for families and professionals alike.
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