The Cranston real estate market saw a mixed performance in January 2025, with notable activity across different property types. Here’s a breakdown of key market trends:

Sales and Inventory

• Total residential sales for January reached 29 units, reflecting a slight 3% decrease year-over-year.

• Inventory levels increased by 96% compared to last year, with 55 active listings.

• The months of supply increased to 1.90, suggesting a more balanced market compared to previous periods.

Home Prices

• The benchmark price for total residential properties in Cranston rose to $624,200, up 4.4% year-over-year.

• Detached homes saw a 7% price increase, reaching a benchmark of $764,200.

• Semi-detached homes had a benchmark price of $526,500, marking a 9% year-over-year rise.

• Row homes’ benchmark price increased by 5.3%, reaching $463,900.

• Apartment-style properties recorded a 4% price increase, with a benchmark price of $360,700.

Market Activity & Demand

• The sales-to-new-listings ratio stood at 53%, indicating that just over half of new listings were absorbed by buyers.

• Detached homes saw 16 sales, a 11% drop from January 2024, with inventory rising 50%.

• Row homes experienced 8 sales, increasing 33% year-over-year, with inventory up 133%.

• Apartment sales fell by 33%, with only 4 units sold, but inventory increased significantly by 300%.

Days on Market

• The average days on market for homes in Cranston was 31 days, slightly faster than previous months.

• Homes continue to sell close to asking prices, with the sale-to-list price ratio at 99.4%, showing strong buyer demand.

1. Detached Homes

• Sales: 16 units sold (↓ 11% from Jan 2024)

• New Listings: 27 new listings (↑ 50% Y/Y)

• Inventory: 27 active listings (↑ 50% Y/Y)

• Benchmark Price: $764,200 (↑ 7% Y/Y)

• Months of Supply: 1.69 months (↑ 153% Y/Y)

🔹 Market Insight: The detached home market remains strong, with prices increasing despite a drop in sales. The growing inventory and months of supply indicate a shift towards a more balanced market, but demand is still present.

2. Semi-Detached Homes

• Sales: 1 unit sold (same as last year)

• New Listings: 2 new listings (↑ 100% Y/Y)

• Inventory: 2 active listings (↑ 100% Y/Y)

• Benchmark Price: $526,500 (↑ 9% Y/Y)

• Months of Supply: 1.00 months (unchanged Y/Y)

🔹 Market Insight: The semi-detached market saw minimal activity, with only one sale. However, prices rose significantly, suggesting demand for this property type remains stable despite limited sales volume.

3. Townhouses (Row Homes)

• Sales: 8 units sold (↑ 33% Y/Y)

• New Listings: 14 new listings (↑ 133% Y/Y)

• Inventory: 13 active listings (↑ 133% Y/Y)

• Benchmark Price: $463,900 (↑ 5.3% Y/Y)

• Months of Supply: 1.63 months (↑ 117% Y/Y)

🔹 Market Insight: Townhouses experienced increased sales and rising prices, though inventory growth suggests buyers now have more choices. The market remains competitive but is showing signs of balance.

4. Apartments

• Sales: 4 units sold (↓ 33% Y/Y)

• New Listings: 12 new listings (↑ 300% Y/Y)

• Inventory: 14 active listings (↑ 300% Y/Y)

• Benchmark Price: $360,700 (↑ 4% Y/Y)

• Months of Supply: 3.50 months (↑ 175% Y/Y)

🔹 Market Insight: The apartment market is cooling down, with a significant drop in sales and a surge in inventory. Prices continue to increase slightly, but buyers have more negotiating power due to rising supply levels.

Final Thoughts

• Detached and semi-detached homes remain the strongest segments, with price growth and stable demand.

• Townhouses are gaining traction, with rising sales and prices, though inventory growth is providing buyers with more options.

• Apartments are seeing a shift towards a buyer’s market, with high inventory and slowing sales.

August 2024 showcased a dynamic real estate market in the Cranston community of Calgary, characterized by robust buyer activity and continued interest in this family-friendly neighborhood. Renowned for its picturesque landscapes, extensive amenities, and strong community spirit, Cranston remains a highly sought-after destination for homebuyers.

Market Overview: In August, Cranston recorded 48 home sales. 29 SOLD Detached houses $515,000 - $1,335,000 newer house in Riverstone; 3 SOLD Duplex houses $527,500 - $536,750; 8 SOLD Townhouses $370,000 - $600,000; 8 SOLD Apartments $353,000-$410,000.

Inventory and Trends: Currently, there are 67 active listings in Cranston, offering a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 21 days on market (DOM), Detached houses 22 days; Duplex houses 10 days; Townhouses 23 days; Apartments 15 days.

Community Insights: Cranston’s charm is enhanced by its extensive recreational facilities, including parks, walking trails, and access to the nearby Bow River. The community is known for its vibrant events and activities, fostering a strong sense of belonging among residents. Local amenities, such as schools, shopping centers, and dining options, further contribute to the quality of life in the area.

Looking Ahead: As we transition into September, the Cranston real estate market is expected to maintain its momentum. The end of summer often brings renewed buyer interest, creating opportunities for sellers. Buyers should be prepared for competition, particularly for sought-after listings. Overall, Cranston continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Cranston Real Estate Market Report

August 2024 showcased a dynamic real estate market in the Cranston community of Calgary, characterized by robust buyer activity and continued interest in this family-friendly neighborhood. Renowned for its picturesque landscapes, extensive amenities, and strong community spirit, Cranston remains a highly sought-after destination for homebuyers.

Market Overview: In August, Cranston recorded 48 home sales. 29 SOLD Detached houses $515,000 - $1,335,000 newer house in Riverstone; 3 SOLD Duplex houses $527,500 - $536,750; 8 SOLD Townhouses $370,000 - $600,000; 8 SOLD Apartments $353,000-$410,000.

Inventory and Trends: Currently, there are 67 active listings in Cranston, offering a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 21 days on market (DOM), Detached houses 22 days; Duplex houses 10 days; Townhouses 23 days; Apartments 15 days.

Community Insights: Cranston’s charm is enhanced by its extensive recreational facilities, including parks, walking trails, and access to the nearby Bow River. The community is known for its vibrant events and activities, fostering a strong sense of belonging among residents. Local amenities, such as schools, shopping centers, and dining options, further contribute to the quality of life in the area.

Looking Ahead: As we transition into September, the Cranston real estate market is expected to maintain its momentum. The end of summer often brings renewed buyer interest, creating opportunities for sellers. Buyers should be prepared for competition, particularly for sought-after listings. Overall, Cranston continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

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