West Springs Real Estate Market Summary – January 2025

Market Trends by Property Type

1. Detached Homes

   • Benchmark Price: $1,077,500 (+7% year-over-year)

   • Sales: 5 (-17% Y/Y)

   • Inventory: 7 (-22% Y/Y)

   • Months of Supply: 1.00 (down significantly, indicating strong demand)

2. Semi-Detached Homes

   • Benchmark Price: $775,100 (+9% Y/Y)

   • Sales: 0 (No transactions recorded in January 2025)

   • Inventory: 0

3. Row Homes

   • Benchmark Price: $501,100 (+10% Y/Y)

   • Sales: 4 (-33% Y/Y)

   • Inventory: 7 (+40% Y/Y)

   • Months of Supply: 4.11 (increased supply may lead to slower appreciation)

4. Apartments

   • Benchmark Price: $460,900 (+8% Y/Y)

   • Sales: 0 (-100% Y/Y, no transactions in January 2025)

   • Inventory: 15 (+150% Y/Y)

   • Months of Supply: NA (No sales activity)

5. Overall Market Performance

   • Total Residential Benchmark Price: $810,000 (+4.1% Y/Y)

   • Sales: 9 (-44% Y/Y)

   • New Listings: 29 (+38% Y/Y)

   • Inventory: 37 (+185% Y/Y)

   • Months of Supply: 4.11 (increasing inventory may signal a shift towards a more balanced market)

2025 Calgary Real Estate Outlook for West Springs

• Price Growth: The overall market has continued to appreciate, with benchmark prices rising across all property types. However, slower sales and rising inventory levels may moderate price growth in the coming months.

• Supply & Demand Shift: Detached and semi-detached homes remain in high demand, with low months of supply. Row homes and apartments, on the other hand, are seeing increased inventory, which could lead to longer selling times and potential price adjustments.

• Market Balance: The rising months of supply (4.11) indicate that West Springs is shifting from a strong seller’s market toward a more balanced market. If inventory continues to rise, buyers may gain more negotiating power.

• Investment Considerations: The high prices in detached and semi-detached segments make them premium investments, while row homes and apartments may present opportunities for buyers as inventory builds up.

Overall, while the West Springs real estate market remains strong, the increase in inventory suggests a potential cooling period in 2025, making it a more favorable environment for buyers in certain segments.