Market Trends
Total Residential Sales: 9 transactions (10% decrease Y/Y).
New Listings: 8 new listings (60% increase Y/Y).
Inventory Levels: 17 active listings (21% increase Y/Y).
Months of Supply: 1.89 months, indicating a balanced market.
Price Trends:
Detached Homes: $904,900 (10% Y/Y increase).
Row Homes (Townhouses): $440,400 (6.7% Y/Y increase).
Apartments (Condos): $367,900 (21.4% Y/Y increase).
Total Residential Benchmark Price: $654,000 (4.1% increase Y/Y).
Market Insights
Sales slowed slightly, possibly due to seasonal trends and affordability concerns.
Inventory and new listings increased, giving buyers more choices.
Price appreciation remains steady, with apartments showing the highest growth (21.4%).
2024 Annual Real Estate Summary for Signal Hill
Sales & Market Activity
229 total residential sales in 2024 (10% decrease Y/Y).
282 new listings (1% decrease Y/Y).
Inventory up by 21%, leading to a more balanced market.
Price Trends
Annual Benchmark Price: $669,608 (10% Y/Y increase).
Median Price: $550,000 (14.1% decrease Y/Y).
Average Price: $654,654 (6.9% increase Y/Y).
Key Market Drivers
Strong demand for detached homes, driving price growth.
Higher sales in the apartment segment, leading to a sharp price increase.
Affordability concerns and rising interest rates influenced a shift toward smaller homes and condos.
Schools in Signal Hill
Signal Hill is a highly desirable neighborhood due to its top-rated schools, family-friendly atmosphere, and excellent amenities.
Public Schools
Battalion Park School (K-6)
Strong academic programs and high parental involvement.
A.E. Cross School (7-9)
Focuses on leadership, athletics, and academic excellence.
Ernest Manning High School (10-12)
Offers Advanced Placement (AP) and Honours Programs.
Catholic & Private Schools
Holy Name School (K-6, Catholic) – Offers French Immersion and faith-based learning.
St. Gregory School (7-9, Catholic) – Strong academic and extracurricular programs.
Rundle College (K-12, Private) – Focuses on personalized learning and leadership development.
📰 Signal Hill Community News & Activities
🎉 Community Engagement on the Rise
Signal Hill Community Association (SHCA) hosted several well-attended winter events, including:
Family Day Winter Carnival at Battalion Park: ice carving, hot chocolate stands, and family games.
Community Skating Nights at the outdoor rink saw record turnout due to mild winter evenings.
🏗️ Infrastructure & Development Updates
Signal Hill Centre Revitalization: Talks are underway for refreshing commercial space and adding green corridors. Anticipated enhancements could boost walkability and real estate interest.
Transit Enhancements: SW BRT service reliability improvements have shortened commute times to downtown, increasing appeal for working professionals.
🌳 Parks & Lifestyle
Battalion Park upgrades include new interpretive signage and seasonal LED lighting – a big hit with residents and Instagram alike.
New fitness and walking clubs have launched through SHCA, adding to the community’s wellness-focused reputation.
2025 Real Estate Market Outlook for Signal Hill
More Balanced Market Conditions
With rising inventory and slower sales, buyers may have more negotiating power.
Continued Price Growth, But at a Slower Pace
Detached and apartment prices will likely appreciate, though growth may slow.
High Demand for Affordable Housing Options
Apartments and row homes will likely continue attracting first-time buyers and downsizers.
Impact of Interest Rates
Affordability concerns may slow high-end sales, but well-priced homes will remain in demand.
Signal Hill’s real estate market in 2024 saw strong price growth, despite declining sales and rising inventory. The community remains attractive to families and professionals due to excellent schools, amenities, and accessibility. 2025 is expected to bring a more balanced market, with moderate price appreciation.
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