Signal Hill Real Estate Market Summary – December 2024

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

1. 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.

2. 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).

3. 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.

School & Community Features in Signal Hill

Signal Hill is a highly desirable neighborhood due to its top-rated schools, family-friendly atmosphere, and excellent amenities.

Public Schools

1. Battalion Park School (K-6)

   • Strong academic programs and high parental involvement.

2. A.E. Cross School (7-9)

   • Focuses on leadership, athletics, and academic excellence.

3. 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.

Community Highlights

• Westhills Shopping Centre: A major retail hub with shopping, dining, and entertainment.

• Parks & Pathways: Signal Hill Park and nearby green spaces offer excellent outdoor activities.

• Transportation & Accessibility: Close proximity to downtown Calgary, making it ideal for professionals.

2025 Real Estate Market Outlook for Signal Hill

1. More Balanced Market Conditions

   • With rising inventory and slower sales, buyers may have more negotiating power.

2. Continued Price Growth, But at a Slower Pace

   • Detached and apartment prices will likely appreciate, though growth may slow.

3. High Demand for Affordable Housing Options

   • Apartments and row homes will likely continue attracting first-time buyers and downsizers.

4. 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.