Springbank Hill saw a robust start to 2025, with continued strong demand and limited inventory shaping the local housing dynamics. The average days on market (DOM) was relatively low, underscoring a seller’s advantage in many segments.
Total sales: 47 transactions in Q1
Sales-to-new-listings ratio: 65% (moderately leaning toward a seller’s market)
Benchmark price (composite): $970,000, up 4.2% from Q4 2024
Average DOM: 29 days (down from 36 in Q4 2024)
🏡 Market Trends
1. Detached Homes
Median Sale Price: $1.1M
Price Growth: +3.8% QoQ
Sales Volume: 28 (strongest-performing segment)
Buyer Profile: Primarily families upgrading or relocating for lifestyle purposes
Trend: Premium detached homes continue to dominate interest, especially those with views or proximity to private schools.
2. Semi-Detached / Duplex
Median Sale Price: $780K
Trend: Steady demand, particularly from downsizers and move-up buyers priced out of detached options.
Note: Slight inventory increase is offering more choices but not yet softening prices.
3. Townhomes
Median Sale Price: $620K
DOM: 32 days
Trend: Stable with modest appreciation (+2.1% QoQ)
Target Market: Young professionals and smaller families attracted to lower maintenance lifestyle.
4. Apartments / Condos
Median Sale Price: $415K
Trend: Slightly more volatile due to smaller sample size; prices were largely flat
Demographic Shift: More investors re-entering this market due to higher rental demand
🌄 Springbank Hill Community Highlights – Q1 2025
🏫 West Calgary Campus Expansion
The West Calgary College announced a campus expansion plan near 17th Ave SW, expected to enhance local education infrastructure and potentially drive future demand for rentals and family housing nearby.
🌳 Green Space Enhancements
A new trail connection was completed in early March, linking Springbank Hill to nearby Aspen Woods and providing enhanced access to walking and biking routes.
🏘️ Community Events
Springbank Hill Winter Fest: Held in late January at the community park with ice skating, food trucks, and a petting zoo. Strong attendance shows growing community engagement.
Neighbourhood Watch Program Relaunch: Improved safety awareness and community patrols initiated with resident volunteers and city partnership.
🏗️ Future Development Watch
Ongoing discussions continue about rezoning parts of the south corridor of Springbank Hill for medium-density housing. If approved, this could introduce more row/townhome developments over the next 2–3 years, impacting future inventory levels.
🔍 Outlook for Spring 2025
Sellers: Strong position, especially for detached homes in move-in-ready condition.
Buyers: Still competitive, but increased spring listings may bring slight relief in inventory.
Investors: Apartments offer stable rental yield potential, particularly near future college expansion zones.
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