Market Trends

• Total Residential Sales: 8 homes sold (53% decrease Y/Y).

• New Listings: 12 new listings (33% decrease Y/Y).

• Inventory Levels: 17 active listings (6% increase Y/Y).

• Months of Supply: 2.13 months, showing a higher supply compared to the previous year.

• Price Trends:

  • Detached Homes: $811,500 (4% Y/Y increase).

  • Semi-Detached Homes: $474,800 (9% Y/Y increase).

  • Row Homes: $501,200 (4% Y/Y increase).

  • Apartments: $261,000 (6% Y/Y increase).

  • Total Residential Benchmark Price: $674,800 (0.3% Y/Y increase).

Market Insights

• The sales decline suggests a seasonal slowdown or shifting buyer sentiment.

• Price appreciation remains steady, despite declining transactions.

• Inventory growth is helping ease market tightness, but the demand-supply balance remains a factor.

2025 Real Estate Market Outlook for Edgemont

1. Stable Price Growth

   • Expect continued moderate price appreciation, supported by steady demand and limited new supply.

2. Potential Demand Shifts

   • Higher borrowing costs and economic factors may influence buyer affordability.

   • Luxury and high-end properties could see price stabilization, while entry-level homes may experience strong demand.

3. Inventory & Supply Trends

   • Inventory levels may increase gradually, providing buyers with more options.

   • However, if supply remains below historical averages, competition could keep prices elevated.

4. Market Performance by Property Type

   • Detached homes will likely remain the most resilient segment.

   • Row homes and semi-detached properties may see fluctuating demand based on affordability concerns.

   • Apartment prices may remain stable but depend on investor and first-time buyer activity.

Conclusion

Edgemont's real estate market in 2025 is expected to be balanced but leaning towards a seller’s market in key segments. Price appreciation will likely continue, albeit at a slower pace compared to previous years.

Market Trends

• Total Residential Sales: 11 transactions (unchanged Y/Y).

• New Listings: 9 new listings (29% increase Y/Y).

• Inventory Levels: 16 active listings (7% increase Y/Y).

• Months of Supply: 1.45 months, suggesting a seller’s market.

Detached Homes

• December 2024:

  • Sales: 6 (unchanged Y/Y)

  • New Listings: 4 (unchanged Y/Y)

  • Inventory: 8 active listings

  • Benchmark Price: $803,300 (7% Y/Y increase)

  • Months of Supply: 1.46 months

• Annual Summary (2024):

  • Total Sales: 120 transactions (4% decline Y/Y)

  • Total Benchmark Price: $840,033 (8% Y/Y increase)

  • Market Trend: Detached homes remained the most in-demand segment, with strong price appreciation and low months of supply throughout the year.

Semi-Detached Homes

• December 2024:

  • Sales: 1 (unchanged Y/Y)

  • New Listings: 1 (unchanged Y/Y)

  • Inventory: 1 active listing

  • Benchmark Price: $476,300 (5% Y/Y increase)

  • Months of Supply: Stable

• Annual Summary (2024):

  • Total Sales: 13 transactions (30% increase Y/Y)

  • Total Benchmark Price: $487,892 (11% Y/Y increase)

  • Market Trend: Semi-detached homes saw stronger price growth than expected, largely due to affordability concerns driving interest in alternatives to detached homes.

Row Homes (Townhouses)

• December 2024:

  • Sales: 1 (unchanged Y/Y)

  • New Listings: 1 (unchanged Y/Y)

  • Inventory: 1 active listing

  • Benchmark Price: $500,700 (8% Y/Y increase)

  • Months of Supply: 1.45 months (tight market conditions)

• Annual Summary (2024):

  • Total Sales: 23 transactions (28% increase Y/Y)

  • Total Benchmark Price: $516,475 (13% Y/Y increase)

  • Market Trend: The row home segment experienced the fastest price appreciation due to limited inventory and strong buyer demand.

Apartments (Condos)

• December 2024:

  • Sales: 3 (down 25% Y/Y)

  • New Listings: 3 (up 50% Y/Y)

  • Inventory: 6 active listings (100% increase Y/Y)

  • Benchmark Price: $263,100 (1.2% Y/Y increase)

  • Months of Supply: 2.00 months

• Annual Summary (2024):

  • Total Sales: 39 transactions (down 25% Y/Y)

  • Total Benchmark Price: $263,933 (20% Y/Y increase)

  • Market Trend: The apartment segment faced affordability challenges, with fewer transactions but continued price growth.

Market Insights

• Stable sales activity compared to last year, indicating continued demand.

• Increased inventory and new listings provide more choices for buyers.

• Price appreciation continues across all property types, with strongest gains in row homes and detached houses.

Edgemont 2024 Annual Real Estate Summary

1. Sales & Market Activity

   • Total 195 residential sales, a 5% decrease Y/Y.

   • 244 new listings throughout the year (1% decrease Y/Y).

   • Inventory increased by 15%, easing market pressure slightly.

2. Price Trends

   • Annual Benchmark Price: $711,458 (4.1% increase Y/Y).

   • Median Price: $699,000 (8.4% increase Y/Y).

   • Average Price: $690,978 (8.7% increase Y/Y).

3. Key Market Drivers

   • Strong demand for detached and row homes due to limited supply.

   • Affordability challenges affected first-time buyers in the apartment market.

   • Rising interest rates had a moderate impact but did not slow price growth significantly.

Edgemont NW 2025 Calgary Real Estate Market Outlook

1. Continued Price Growth, but at a Slower Pace

   • Detached and row homes will likely see further price increases.

   • Apartments and semi-detached homes may stabilize due to affordability concerns.

2. Inventory & Supply Growth

   • With a 15% increase in inventory in 2024, buyers will have more options in 2025.

   • Seller competition may increase, leading to more balanced conditions.

3. Interest Rate & Affordability Considerations

   • Higher borrowing costs could shift demand towards lower-priced housing segments.

   • First-time buyers may be more active in the apartment and townhouse markets.

4. Potential Market Shifts

   • Continued demand for well-located properties will sustain Edgemont’s market.

   • More balanced conditions in 2025, but still favoring sellers in certain segments.

Edgemont’s real estate market in 2024 saw steady price growth and sustained demand, despite declining sales and rising inventory. The outlook for 2025 suggests a more balanced market, but price appreciation is expected to continue at a moderate pace.

Market Trends

• Total Residential Sales: 14 homes sold (40% increase Y/Y).

• New Listings: 14 new listings (8% increase Y/Y).

• Inventory Levels: 25 active listings (19% increase Y/Y).

• Months of Supply: 1.79 months, indicating a strong seller’s market.

• Price Trends:

  • Detached Homes: $830,500 (6.3% Y/Y increase).

  • Semi-Detached Homes: $484,000 (19% Y/Y increase).

  • Row Homes (Townhouses): $505,700 (7% Y/Y increase).

  • Apartments (Condos): $276,000 (8.3% Y/Y increase).

  • Total Residential Benchmark Price: $695,300 (3.4% Y/Y increase).

Market Insights

• Strong sales growth suggests continued buyer demand despite rising inventory.

• Price appreciation across all property types, with semi-detached homes leading the gains.

• New listings are increasing, providing more options for buyers, but demand remains high.

School Features in Edgemont

Edgemont is well-known for its highly-rated schools, making it a top choice for families. Some key schools include:

Public Schools

1. Edgemont School (K-5) – Offers a strong academic program and a focus on literacy and mathematics.

2. Tom Baines School (6-9) – A top-ranked middle school with advanced placement options and sports programs.

3. Sir Winston Churchill High School (10-12) – Offers International Baccalaureate (IB) and Advanced Placement (AP) programs, attracting students seeking academic excellence.

Catholic Schools

1. Mother Mary Greene School (K-6) – Provides faith-based education and strong academic performance.

2. St. Jean Brebeuf (7-9) – A well-regarded junior high school with a focus on leadership and academics.

Additional Features

• Access to numerous after-school programs, music, and sports activities.

• Proximity to public libraries, parks, and learning centers, making Edgemont a highly desirable community for families.

The Edgemont real estate market in November 2024 remained strong, with rising prices and increasing demand. The school district continues to be a major draw for families, reinforcing the neighborhood’s appeal.

Market Overview: The Edgemont real estate market showcased notable activity in October 2024 with continued growth in both sales and listings:

• Sales: A total of 12 residential properties were sold, marking a 50% increase year-over-year (Y/Y).

• Inventory: Inventory rose by 48% Y/Y, reaching 34 units available.

• New Listings: 23 new listings came to market, reflecting a 64% Y/Y rise.

Benchmark Prices by Property Type:

• Detached Homes: $865,500 (+7.2% Y/Y).

• Semi-Detached Homes: $491,900 (+18% Y/Y).

• Row Homes: $524,100 (+4.6% Y/Y).

• Apartments: $278,400 (+1.4% Y/Y).

General Residential Benchmark Price: $724,000, reflecting a 4.6% annual increase.

Key Metrics:

• Months of Supply: 2.83 months, indicating a balanced to slightly seller-leaning market.

• Sales-to-New-Listings (S/NL) Ratio: 0.52, suggesting moderate competition among buyers.

Trends and Insights:

• Detached homes remain the most significant driver of sales, with an annual increase of 175% in activity.

• The demand for apartments remains subdued compared to other property types, potentially signaling an opportunity for first-time buyers or investors.

• Market balance is improving with rising inventory levels, providing more options for buyers.

Community Features: Edgemont continues to attract interest for its desirable attributes, including:

• Recreational Amenities: Access to parks, trails, and community centers promoting outdoor and social activities.

• Convenient Location: Proximity to key commercial areas, schools, and transport links.

• Family-Friendly Environment: A strong sense of community with events and activities fostering neighborhood connections.

This blend of vibrant real estate dynamics and appealing community characteristics positions Edgemont as a thriving and sought-after market.

For more detailed market statistics or assistance, feel free to reach out!