Somerset entered 2025 with solid market activity, despite a slight dip in year-over-year sales volume:
Sales: 33 homes sold (-19.5% YoY)
New Listings: 49 (+11.4% YoY), matching the 10-year Q1 average
Sales-to-New-Listings (SNL) Ratio: 67.35%, indicating a moderately competitive market
Average Days on Market: 21 days (-28.88% YoY), suggesting brisk sales
Months of Supply: 1.45 months (+198% YoY) – a modest increase in inventory but still favoring sellers
🏠 Market Trends
🏡 Detached Homes
Sales: 18 (majority of all sales)
Benchmark Price: $628,100 (+6.34% YoY)
Average Price: $654,856
Median Price: $651,500
Strong demand for detached homes continues, especially among families. Most homes sold were in the $600K–$700K range.
Quick turnaround: Detached homes are selling in approximately 18 days, maintaining appeal despite price increases.
🏘 Row Homes
Benchmark Price: $395,933 (+5.66% YoY)
Average Price: $399,667
Median Price: $394,000
Row housing offers a great middle ground—affordable and spacious enough for smaller families or first-time buyers.
A slight dip in YoY median price (-6.19%) suggests more pricing flexibility in this segment.
🏢 Apartments
Benchmark Price: $305,467 (+6.49% YoY)
Average Price: $284,000
Median Price: $278,371
Despite being the largest share of inventory (41%), apartments are performing steadily. Modest price growth reflects stable interest and accessibility.
🏚 Semi-Detached Homes
No sales recorded this quarter, continuing a multi-quarter trend of inactivity in this category for Somerset. This type represents a niche market in the community.
📈 Home Price Trends
Total Residential Benchmark Price: $479,033 (+2.39% YoY)
Average Residential Price: $494,753 (+7.6% YoY)
Price growth is driven primarily by detached homes, though all property types showed some appreciation.
The overall market maintains upward pressure on prices while remaining relatively affordable compared to other SW Calgary neighborhoods.
🏫 Community News & Activities – Q1 2025
📚 School Highlights
Somerset School (K–4) launched a “Community Gardens & Growing Minds” initiative, incorporating outdoor education and sustainability-focused learning in partnership with local horticulturists.
Enrollment has seen a modest uptick, correlating with more young families moving into the area.
🏞 Community Engagement
The Somerset-Bridlewood Community Association hosted a successful Winter Carnival in February featuring snow painting, ice sculpting, and sledding—drawing over 400 residents.
Planning is underway for the Spring Cleanup & BBQ in April, further reinforcing Somerset’s active and connected community culture.
With excellent access to the Somerset-Bridlewood LRT station, residents continue to benefit from convenient transit and proximity to Shawnessy shopping and dining.
🔑 Key Takeaways
Somerset’s real estate market remains healthy and balanced, with detached and row homes leading activity.
Affordability, family appeal, and strong community events keep demand consistent.
With benchmark prices rising modestly across the board, Somerset remains a popular choice for families and first-time buyers alike.
Limited activity in semi-detached homes shows a potential opportunity for investors or developers to address that gap.
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