Real Estate Market Trends

• Sales Activity: 11 total residential sales in January, reflecting a 15% decrease year-over-year.

• New Listings: 15 new listings, a 7% increase compared to January 2024.

• Inventory: 9 available homes, down 31% from the previous year.

• Benchmark Price: $875,700 for total residential properties, up 3.7% year-over-year.

• Months of Supply: 0.82 months, indicating a strong seller’s market.

Detached Homes 🏡

• Benchmark Price: $1,239,600 (6% Y/Y increase)

• Sales Activity: 4 sales, down 43% year-over-year.

• New Listings: 8 new listings, a 14% increase from January 2024.

• Inventory: 5 active listings, indicating a low supply compared to demand.

• Market Trend: Despite rising prices, detached home sales slowed due to affordability concerns and limited supply.

Row Homes (Townhouses) 🏘️

• Benchmark Price: $544,000 (up 9% Y/Y)

• Sales Activity: 4 sales, up 100% compared to last year.

• New Listings: 5 new listings, a 67% increase from January 2024.

• Inventory: 3 active listings, making it a competitive market.

• Market Trend: Strong demand for affordable housing options has driven up both prices and sales in the row-home sector.

Apartments (Condos) 🏢

• Benchmark Price: $429,800 (up 9% Y/Y)

• Sales Activity: 3 sales, the same as last year.

• New Listings: 2 new listings, down 33% from January 2024.

• Inventory: 1 active listing, reflecting a tight market with very few options available.

• Market Trend: Demand remains stable, but low new listings and inventory constraints are driving up prices.

Local Amenities

• Schools: Aspen Woods is known for top-rated schools such as Webber Academy, Calgary Academy, and Rundle College. Public school options include Dr. Roberta Bondar School and Ernest Manning High School.

• Public Transit: The nearest LRT station is 69th Street Station, providing direct access to downtown Calgary. Bus routes also serve the area for added convenience.

• Shopping & Lifestyle: Aspen Landing Shopping Centre offers various retail stores, dining, and professional services. Westhills and Signal Hill shopping centers are a short drive away for additional shopping options.

Overall Market Summary

• Total residential price: $875,700 (up 3.7% Y/Y).

• Total sales: 11 homes sold (down 15% Y/Y).

• Months of Supply: 0.82 months, indicating a seller’s market.

Key Takeaways:
✔️ Detached homes remain the most expensive but are seeing fewer transactions due to high prices.
✔️ Row homes (townhouses) are in high demand, with prices and sales both rising.
✔️ Apartments (condos) are appreciating in value but have very limited inventory.
✔️ Semi-detached homes have no movement, likely due to low turnover rates.

Market Overview

Aspen Woods continued to experience strong real estate activity in December 2024, with steady price growth and competitive market conditions due to limited inventory. The area remains one of Calgary’s most sought-after neighborhoods for families and professionals.

Key Market Statistics

• Sales: 10 total residential sales (unchanged year-over-year).

• New Listings: 5 new listings (down 44% from December 2023).

• Inventory: 7 active listings (down 59% year-over-year).

• Benchmark Prices:

  • Detached Homes: $1,234,900

  • Semi-Detached Homes: N/A

  • Row Homes: $536,200 (+9.1% YoY)

  • Apartments: $433,500 (+11% YoY)

  • Total Residential: $877,900 (+9.4% YoY)

• Months of Supply: 0.70 months, reinforcing a strong seller’s market.

Schools in Aspen Woods

Aspen Woods offers access to top-rated schools, making it a prime choice for families:

• Webber Academy – One of Calgary’s most prestigious private schools.

• Calgary Academy – Specializes in personalized learning programs.

• Ernest Manning High School – A highly ranked public high school.

• Guardian Angel School – A respected Catholic elementary school.

LRT & Transportation

Aspen Woods residents benefit from well-connected transit options:

• 69 Street LRT Station: Provides efficient access to downtown Calgary and beyond.

• Bus Routes: Serves major roads, ensuring convenient travel across the city.

• Stoney Trail & Bow Trail: Key roadways that provide quick access to different parts of Calgary.

Outlook for 2025

Aspen Woods is projected to maintain its high demand in 2025, driven by its strong school system, luxury homes, and excellent transit access. The limited inventory and competitive pricing suggest continued growth, making it a lucrative market for both buyers and sellers.

For updated real estate insights, school catchment details, and transportation developments, stay informed through local real estate sources and municipal planning updates.

Market Overview

Aspen Woods remains one of Calgary’s most sought-after neighborhoods, with continued demand and price growth in November 2024. Limited inventory and strong buyer interest have contributed to a competitive market.

Key Market Statistics

• Sales: 13 total residential sales, a 30% increase year-over-year.

• New Listings: 12 new listings, down 33% compared to November 2023.

• Inventory: 16 active listings, a 25% decrease year-over-year.

• Benchmark Prices:

  • Detached Homes: $1,234,100 (+10% YoY)

  • Semi-Detached Homes: N/A

  • Row Homes: $554,100 (+7.3% YoY)

  • Apartments: $438,300 (+4.1% YoY)

• Months of Supply: 1.23 months, indicating a strong seller’s market.

Schools in Aspen Woods

Aspen Woods is known for its excellent schools, making it a top choice for families. Notable institutions include:

• Webber Academy – A prestigious private school with a strong academic reputation.

• Calgary Academy – Offers specialized learning programs.

• Ernest Manning High School – A top-rated public high school.

• Guardian Angel School – A well-regarded Catholic elementary school.

LRT & Transportation

Aspen Woods residents benefit from convenient access to Calgary’s LRT and major roadways:

• 69 Street LRT Station: Provides quick access to downtown Calgary and beyond.

• Bus Routes: Multiple transit routes connect Aspen Woods to other parts of the city.

• Stoney Trail & Bow Trail: Major roadways offering efficient commuting options.

Aspen Woods, one of Calgary’s premier neighborhoods, showcased a robust real estate market in October 2024, with increasing activity and sustained demand. Below is a summary of key trends and community highlights.

Market Highlights

• Sales Activity: A total of 19 residential properties were sold, reflecting a 46% year-over-year increase.

• New Listings: There were 20 new listings, a modest 5% increase compared to October 2023.

• Inventory: The inventory stood at 28 properties, marking a 15% decrease year-over-year. This resulted in 1.47 months of supply, suggesting a seller-favored market.

• Benchmark Prices:

  • Total residential benchmark price rose to $891,800, a 6% year-over-year increase.

  • Detached homes held the highest benchmark price at $1,237,400, followed by row and apartment properties at $561,900 and $446,900, respectively.

• Market Trends: With a sales-to-new-listings ratio of 0.95, the market remains competitive, attracting both buyers and investors.

Community Features

Aspen Woods continues to be one of Calgary’s most desirable communities, offering an exceptional blend of luxury living and natural beauty:

• Upscale Living: The neighborhood is renowned for its high-end homes and exclusive residential developments, featuring modern architecture and premium finishes.

• Educational Facilities: Families are drawn to Aspen Woods for its proximity to some of Calgary’s top private and public schools, including Webber Academy and Calgary Academy.

• Recreation and Green Spaces: Residents enjoy access to numerous parks, pathways, and outdoor activities, fostering an active and vibrant lifestyle.

• Shopping and Dining: The community is home to Aspen Landing Shopping Centre, offering boutique shops, fine dining options, and essential services.

• Connectivity: Aspen Woods provides excellent connectivity to downtown Calgary and the Rocky Mountains, making it a prime location for professionals and nature enthusiasts alike.

Aspen Woods continues to demonstrate its appeal to buyers seeking a combination of luxury, convenience, and community charm.

If you’d like additional details or a specific focus on property types, feel free to ask!

QUICK possession for back to school season. Walking distance to Webber Academy, steps from Aspen Landing, this original owners owned beautiful fully finished 2 storey 3000+ sq.ft. on quiet street is in the heart of Aspen Woods offering 3 bedrooms above the grade, 9' ceilings on main floor, plus one in the basement professionally developed by the builder. As you walk into this home, you will be greeted by a grand entrance with new vinyl floors throughout. The bright and open main floor offers flex space that could be used as formal dining/living room or home office. Spacious kitchen with island, lots of cabinets, stainless steel appliances, granite countertops, walkthrough pantry to the mud room leading to double attached garage. Upper level offers laminate flooring and has 4pc bath & 3 bedrooms with the large master featuring 4pc ensuite with make up area and walk in closet. The lower level has a living/media room, games area, 4pc bath & 1 additional bedroom. Located minutes to downtown, close to schools, aspen landing shopping centre, transit, and all other amenities. Freshly painted for the new home owner.

Aspen Woods is an upscale community located in the southwest corner of Calgary and is one of the preferred residential areas for Calgarians.

Here are the top three reasons people choose to buy a home in Aspen Woods:

#1 – High-Quality Homes

The builders in Aspen Woods are all high-end home developers, including:

• Crystal Creek Homes

• ALBI Homes

• Duri Homes

• West View Builders Group

• Truman Homes

• Elegant Homes

These award-winning luxury home builders are known for their high-quality craftsmanship and excellent after-sales service.

#2 – Spacious Community

Most homes in Aspen Woods sit on large lots, offering more private space and promoting a comfortable lifestyle. The community itself also features natural ravines, forested pathways, parks, and open recreational spaces.

The combination of generous home lots and abundant community amenities makes Aspen Woods highly attractive to luxury home buyers.

#3 – Prime Location

Aspen Woods offers a perfect balance of tranquility and accessibility. While it is set apart from the hustle and bustle, downtown Calgary is only a 15 to 30-minute drive away, depending on the route and traffic. Compared to other "suburban" communities, this is a significant advantage.

Although Aspen Woods is not the closest community to downtown, it more than makes up for it with:

• Stunning views of the Foothills and Rocky Mountains from home

• A wealth of nearby shopping and entertainment options

• Easy access to nature and mountain getaways

• Plenty of outdoor recreational opportunities within the community

• Convenient access to key landmarks such as:

  • St. Michael’s Catholic Church

  • Westside Recreation Centre

  • Canada Olympic Park

  • Pinebrook Golf & Country Club

  • Elbow Springs Golf Club

  • The West LRT line, set to open in early 2013

ASPEN  WOODS

Framing the southwest edge of the city, residents love the mountain views, ravine trails, close proximity toWestside Recreation Centre, quick downtown commute — soon to be made even quicker by the arrival of theWest LRTline — and excellent shops and services atAspen Landing.

Saturday in the ’Hood

Whether it’s a latte at Good Earth, brunch on the patio atRedwater Rustic Grilleor shopping atSomething2Wear, pedestrian-friendlyAspen Landing Shopping Centreis the place to be.
NearbyAspen Stone Commonsalso offersA Ladybug Bakery and Caféfor pastries,Blush Lanefor produce andMetrovinofor wine.

Stats

Population 4,469
Median household income $151,692
Median home assessment $743,000
Median condo assessment $354,000
Home ownership 87.95%

SPRINGBANK  HILLS

With a variety of dwellings from multi-family and single-detached homes to acreages, Springbank Hill marries the countryside to the surburbs. Locals enjoy an active community association and easy access to major roads and shopping.

Saturday in the 'Hood

Located southwest of Springbank Hill along the Elbow Riber, Griffith Woods Park offers eight kilometres of hiking trails, excellent birdwatching and a rare cluster of white spruce.

Stats

Population 8,388
Median household income $116,470
Median home assessment $632,000
Median condo assessment $281,000
Home ownership 85.60%

13 properties were sold in Aug., 5 of them are Single Family Houses.

The lowest sold price was $583,850, the house backs up to busy road, 85 Street. The highest sold price was $1082,000, the house is a new construction and was a show home.

8 condominiums were sold in August. There is one-bedroom apartment at Gallant Ridge was sold at $230,000 on 20th day on the market. The rest 7 condominiums are townhouses. The highest sold price was $408,000, and the lowest sold price was $333,500.

Immaculate, Sunny END UNIT 3 BEDROOM Town home, one of the largest in the complex, with Modern exterior, facing to the 3 direction (North, East, South)! Quiet and private location in the most exclusive & private phase of Mosaic Aspen Hills. HUGE sunny patio just in front enterance. Loaded with upgrades and fantastic features like 9 ft ceilings, hardwood floor spanning from the roomy front living room through the dining area, granite counters, black appliances, tile backsplash, double attached garage and in unit storage. The kitchen is open concept with central island sit-up breakfast bar. The main floor is completed with a half bath & roomy entry. The upper level boasts a sunny and bright master bedroom with a walk-in closet & private ensuite, complemented by 2 additional bedrooms & another full bath. The basement offers loads of storage, laundry area & direct access to the double garage. Close to parks, shopping & entertainment. DON'T MISS THIS OPPORTUNITY!!

PRICE REDUCED!**Contemporary - Refined - Open concept - Upgrades - Aspen Woods!** Need I say more? From the moment you enter this Aspen Woods gem you are greeted with beautiful architectural elements and exquisite features. The open concept kitchen is upgraded with espresso beach cabinets, quartz countertops, a raised eat up bar, walk in pantry, stainless steel appliance package with chimney style hood fan, and rare double oven. The kitchen opens up to south facing windows, eating nook, great room with 20ft ceilings and elegant gas fireplace complete with quartzite stone surround. The main floor also has a separate dining room, 2 piece bath, den (large enough for 4th bedroom) and main floor laundry. The master retreat has his and her walk-in closets, 5 piece en suite with skylight, corner soaker tub, his & her sinks, and fully tiled shower with bench. The bonus room has vaulted ceilings and built-in speakers (also continued throughout home). This home is a breath of fresh air to the market!