Seton Community Market Report - Q3 2024

Overview

Seton, one of Calgary’s most vibrant and rapidly growing communities, has shown impressive resilience and growth throughout the third quarter of 2024. With its modern amenities, recreational facilities, and family-friendly atmosphere, Seton continues to attract buyers and renters alike. More new commercial retail stores are opening to the public.

Market Trends

Sales Activity

• Total Sales: During Q3 2024, Seton recorded a total of 50 residential sales, reflecting a 12% increase compared to Q3 2023. This upward trend indicates continued demand in the area.

• Average Days on Market: The average days on the market for homes dropped to 25 days, down from 30 days in Q3 2023, suggesting a quicker turnover for sellers.

• Price Range:

  • 10 SOLD Detached houses $633,000-$890,000;

  • 2 SOLD Duplex houses $569,000-$600,001;

  • 17 SOLD Townhouses $285,000-$601,500;

  • 21 SOLD Apartments $275,000-$488,000.

Inventory Levels

• Active Listings: At the end of Q3, there were 70 active listings in Seton, a decrease from 85 in Q3 2023. The reduced inventory continues to create competitive conditions for buyers.

• New Listings: A total of 112 new properties were listed in Q3, which provided some relief but not enough to meet the ongoing demand.

Community Highlights

Amenities

Seton offers a diverse range of amenities, including:

• Shopping and Dining: The Seton Retail District has expanded, featuring new retailers, restaurants, and entertainment options, enhancing the community's appeal.

• Recreational Facilities: Key facilities, such as the South Health Campus, Seton YMCA, and various parks and pathways, promote an active lifestyle.

Development Updates

• Residential Projects: Several new residential developments are underway, focusing on townhouses and multi-family units, catering to the community's growing population.

• Infrastructure Improvements: Ongoing projects aim to improve roads and public transit access, enhancing connectivity to surrounding areas and increasing the overall livability of Seton.

Demographic Insights

Seton continues to attract a diverse demographic, including young professionals, families, and retirees. The community's focus on lifestyle, accessibility, and amenities makes it appealing across various age groups and backgrounds.

Conclusion

The third quarter of 2024 has proven to be a strong period for Seton’s real estate market, characterized by increased sales, rising prices, and ongoing development. With its desirable location and community features, Seton remains a top choice for homebuyers in Calgary. Prospective buyers are encouraged to act swiftly, as the market continues to favor sellers in the current low-inventory environment.

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