Rangeview Latest Community Real Estate Market Report – Q3 2024

Rangeview Community Market Report

Overview: As we conclude the third quarter of 2024, Rangeview has solidified its reputation as one of Calgary's most promising new communities. Known for its modern amenities, eco-friendly designs, and a strong sense of community, Rangeview continues to attract a diverse range of buyers, including families, young professionals, and first-time homeowners.

Market Highlights:

• Sales Activity: There were 19 homes sold in Q3 2024, this surge in sales indicates heightened demand and a competitive market environment. 

  15 SOLD Detached houses $595,000-$710,000;

  3 SOLD Duplex houses $589,900-$669,500;

  1 SOLD Townhouses $546,000;

• Days on Market: Homes in Rangeview are selling faster, with an average of 22 days on the market, down from 27 days in Q3 2023. This decrease demonstrates the urgency among buyers to secure properties in this desirable area.

• Inventory Levels: The market had approximately 30 active listings at the end of September 2024.

Neighborhood Insights:

• Rangeview’s design emphasizes community living, featuring parks, pathways, and green spaces that encourage outdoor activities and social interaction among residents. The emphasis on sustainability adds to its appeal.

• The community is well-connected to major roadways and nearby amenities, including shopping centers and schools, making it convenient for families and commuters.

Conclusion: The Rangeview real estate market has shown significant growth and resilience throughout Q3 2024. With increasing home prices and a marked rise in sales activity, it is evident that the demand for properties in this innovative community is robust. The ongoing balance of supply and demand will play a crucial role in shaping market dynamics.

Outlook: As we move into the final quarter of the year, the market is expected to remain stable, although seasonal trends may impact inventory levels. The continued appeal of Rangeview’s modern amenities and community-oriented lifestyle is likely to keep buyer interest strong in the coming months.

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