Springbank Hill saw a robust start to 2025, with continued strong demand and limited inventory shaping the local housing dynamics. The average days on market (DOM) was relatively low, underscoring a seller’s advantage in many segments.

• Total sales: 47 transactions in Q1

• Sales-to-new-listings ratio: 65% (moderately leaning toward a seller’s market)

• Benchmark price (composite): $970,000, up 4.2% from Q4 2024

• Average DOM: 29 days (down from 36 in Q4 2024)

🏡 Market Trends

1. Detached Homes

• Median Sale Price: $1.1M

• Price Growth: +3.8% QoQ

• Sales Volume: 28 (strongest-performing segment)

• Buyer Profile: Primarily families upgrading or relocating for lifestyle purposes

• Trend: Premium detached homes continue to dominate interest, especially those with views or proximity to private schools.

2. Semi-Detached / Duplex

• Median Sale Price: $780K

• Trend: Steady demand, particularly from downsizers and move-up buyers priced out of detached options.

• Note: Slight inventory increase is offering more choices but not yet softening prices.

3. Townhomes

• Median Sale Price: $620K

• DOM: 32 days

• Trend: Stable with modest appreciation (+2.1% QoQ)

• Target Market: Young professionals and smaller families attracted to lower maintenance lifestyle.

4. Apartments / Condos

• Median Sale Price: $415K

• Trend: Slightly more volatile due to smaller sample size; prices were largely flat

• Demographic Shift: More investors re-entering this market due to higher rental demand

🌄 Springbank Hill Community Highlights – Q1 2025

🏫 West Calgary Campus Expansion

The West Calgary College announced a campus expansion plan near 17th Ave SW, expected to enhance local education infrastructure and potentially drive future demand for rentals and family housing nearby.

🌳 Green Space Enhancements

A new trail connection was completed in early March, linking Springbank Hill to nearby Aspen Woods and providing enhanced access to walking and biking routes.

🏘️ Community Events

• Springbank Hill Winter Fest: Held in late January at the community park with ice skating, food trucks, and a petting zoo. Strong attendance shows growing community engagement.

• Neighbourhood Watch Program Relaunch: Improved safety awareness and community patrols initiated with resident volunteers and city partnership.

🏗️ Future Development Watch

Ongoing discussions continue about rezoning parts of the south corridor of Springbank Hill for medium-density housing. If approved, this could introduce more row/townhome developments over the next 2–3 years, impacting future inventory levels.

🔍 Outlook for Spring 2025

• Sellers: Strong position, especially for detached homes in move-in-ready condition.

• Buyers: Still competitive, but increased spring listings may bring slight relief in inventory.

• Investors: Apartments offer stable rental yield potential, particularly near future college expansion zones.

Market Trends

• Total Residential Sales: 10 transactions (44% decrease Y/Y).

• New Listings: 21 new listings (9% decrease Y/Y).

• Inventory Levels: 34 active listings (62% increase Y/Y).

• Months of Supply: 3.40 months, signaling a more balanced market.

• Price Trends:

  • Detached Homes: $1,120,700 (8% Y/Y increase).

  • Semi-Detached Homes: No recorded sales.

  • Row Homes (Townhouses): $519,800 (10% Y/Y increase).

  • Apartments (Condos): $379,100 (11% Y/Y increase).

  • Total Residential Benchmark Price: $916,600 (6.2% increase Y/Y).

Market Insights

• Sales volume decreased significantly, likely due to seasonal factors and affordability constraints.

• Inventory levels rose, providing buyers with more options and shifting the market away from extreme seller conditions.

• Prices continue to rise, especially in the row home and apartment segments, reflecting demand for affordable housing options.

Community Features in Springbank Hill

Springbank Hill is a prestigious, family-friendly community known for luxury homes, natural scenery, and top-tier schools.

Education & Schools

Springbank Hill offers access to some of Calgary’s best public, Catholic, and private schools, including:

1. Griffith Woods School (K-9) – Public

   • Highly rated for STEM programs and extracurricular activities.

2. Ernest Manning High School (10-12) – Public

   • Offers Advanced Placement (AP) and Honours programs with a strong university admission rate.

3. St. Joan of Arc School (K-9) – Catholic

   • Known for faith-based learning and strong academic results.

4. Webber Academy (K-12) – Private

   • One of Calgary’s top-ranked private schools, focusing on academic excellence.

5. Rundle College (K-12) – Private

   • Offers personalized learning and leadership development programs.

Recreation & Amenities

• Griffith Woods Park: A large natural area with walking trails and outdoor activities.

• Aspen Landing & Westhills Shopping Centre: Retail hubs with boutiques, restaurants, and essential services.

• Easy access to downtown Calgary, making it ideal for commuters and professionals.

• Family-friendly environment with community events and strong local engagement.

2025 Springbank Hill Real Estate Market Outlook

1. Market Moving Toward Balance

   • Rising inventory levels could lead to longer selling times and more buyer opportunities.

2. Luxury Home Market Stability

   • High-end properties will likely hold value, but demand may shift towards more affordable housing segments.

3. Continued Growth in Row Homes & Condos

   • First-time buyers and downsizers will drive demand in these segments.

   • Expect steady price appreciation for row homes and condos in 2025.

4. Impact of Interest Rates on Buyer Activity

   • Affordability concerns may slow down higher-end sales.

   • Well-priced homes will remain in demand, particularly in sought-after areas like Springbank Hill.

Springbank Hill’s real estate market in January 2025 saw a decline in sales but continued price growth, particularly in row homes and apartments. The community remains highly desirable due to excellent schools, green spaces, and luxury amenities. Looking ahead, 2025 may bring a more balanced market, offering more choices for buyers while maintaining steady price appreciation.

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Market Trends

• Total Residential Sales: 6 homes sold (57% decrease Y/Y).

• New Listings: 12 new listings (25% decrease Y/Y).

• Inventory Levels: 34 active listings (48% increase Y/Y).

• Months of Supply: 5.67 months, indicating a shifting market favoring buyers.

• Price Trends:

  • Detached Homes: $1,121,700 (10% Y/Y increase).

  • Semi-Detached Homes: No sales recorded.

  • Row Homes (Townhouses): $506,200 (4.9% Y/Y increase).

  • Apartments (Condos): $381,900 (12.3% Y/Y increase).

  • Total Residential Benchmark Price: $912,900 (4.9% increase Y/Y).

Market Insights

• Sales dropped significantly, suggesting slower buyer activity, possibly due to affordability concerns or seasonal trends.

• Inventory levels continue to rise, shifting the market towards a more balanced or buyer-friendly environment.

• Prices still appreciated, with apartments showing the highest annual growth (12.3%).

2024 Annual Real Estate Summary for Springbank Hill

1. Sales & Market Activity

   • 216 total residential sales in 2024 (13% increase Y/Y).

   • 302 new listings (9% increase Y/Y).

   • Inventory up by 18%, easing past supply constraints.

2. Price Trends

   • Annual Benchmark Price: $906,275 (6.8% Y/Y increase).

   • Median Price: $860,000 (3.7% Y/Y decrease).

   • Average Price: $932,158 (unchanged Y/Y).

3. Key Market Drivers

   • Luxury detached homes remained in demand, driving steady price growth.

   • Rising inventory levels and affordability concerns influenced a shift in buyer behavior.

   • Townhouses and apartments showed strong price appreciation, attracting downsizers and first-time buyers.

School & Community Features in Springbank Hill

Springbank Hill is a prestigious and family-friendly community, known for its top-tier schools and high-end amenities.

Public Schools

1. Griffith Woods School (K-9)

   • Highly rated, offering strong academic programs and STEM-focused education.

2. Ernest Manning High School (10-12)

   • Top-ranked high school with Advanced Placement (AP) and Honours Programs.

Catholic & Private Schools

• St. Joan of Arc School (K-9) – Catholic school with strong academic and faith-based programs.

• Webber Academy (K-12, Private) – One of Calgary’s top-rated private schools, known for academic excellence.

• Rundle College (K-12, Private) – Offers personalized learning and leadership programs.

Community Highlights

• Luxury homes with mountain views and large estate lots.

• Close proximity to Westhills Shopping Centre, Aspen Landing, and boutique retail shops.

• Easy access to Griffith Woods Park, hiking trails, and outdoor recreation.

• Strong community engagement with family-oriented events and activities.

Springbank Hill’s real estate market in 2024 remained strong, but rising inventory and slower sales signal a transition. The luxury market continues to grow, while townhouses and condos offer opportunities for affordability-focused buyers. 2025 will likely see a balanced market, with moderate price appreciation.

Market Trends

• Total Residential Sales: 14 homes sold (26% decrease Y/Y).

• New Listings: 11 new listings (18% decrease Y/Y).

• Inventory Levels: 36 active listings (81% increase Y/Y).

• Months of Supply: 2.57 months, indicating a more balanced market.

• Price Trends:

  • Detached Homes: $1,113,500 (10.7% Y/Y increase).

  • Semi-Detached Homes: $533,100 (4.4% Y/Y increase).

  • Row Homes (Townhouses): $389,000 (33.3% Y/Y increase).

  • Apartments (Condos): $375,418 (6.4% Y/Y increase).

  • Total Residential Benchmark Price: $919,600 (35.3% increase Y/Y).

Market Insights

• Sales have slowed, reflecting seasonal trends and affordability challenges.

• Inventory is rising, giving buyers more options and shifting the market toward balance.

• Price growth remains strong, especially in the row home and detached segments.

School & Community Features in Springbank Hill Calgary

Springbank Hill is known for top-tier schools and family-friendly amenities, making it a sought-after neighborhood for families and professionals.

Public Schools

1. Griffith Woods School (K-9)

   • Highly rated school with strong academic programs.

   • Emphasis on STEM and extracurricular activities.

2. Ernest Manning High School (10-12)

   • Offers Advanced Placement (AP) and Honours Programs.

   • High university acceptance rate.

Catholic & Private Schools

• St. Joan of Arc School (K-9) – Catholic education with faith-based learning and strong academics.

• Webber Academy (K-12, Private) – One of Calgary’s top-ranked private schools, known for academic excellence.

• Rundle College (K-12, Private) – Focuses on personalized learning and leadership programs.

Community Highlights

• Close to Westhills Shopping Centre, Aspen Landing, and major retail hubs.

• Near Griffith Woods Park and pathways, offering excellent outdoor recreation.

• Easy access to downtown Calgary, making it ideal for professionals.

Springbank Hill’s real estate market saw rising inventory and strong price growth in November 2024. The community’s excellent schools and amenities continue to attract families and high-income buyers. 2025 is expected to bring a more balanced market, offering both buyers and sellers opportunities.

Springbank Hill Real Estate Summary

Market Overview

• Sales: 17 transactions, a 70% year-over-year (Y/Y) increase.

• New Listings: 29 properties, a 38% Y/Y increase.

• Inventory: 47 active listings, reflecting a 47% increase compared to October 2023.

• Months of Supply: 2.76 months, indicating a balanced market.

Pricing

• Benchmark Price: $920,800, up 2.9% Y/Y.

• Median Price: $940,000, a 4.2% increase Y/Y.

• Average Price: $1,002,046, up by 12.8% compared to October 2023.

Property Types

• Detached Homes: Benchmark price at $1,121,500, a 7.9% Y/Y increase.

• Semi-Detached Homes: No benchmark price specified; however, significant demand was noted.

• Row Houses: Benchmark price of $530,400, reflecting a 13.6% Y/Y increase.

• Apartments: Benchmark price at $392,500, a 17.2% Y/Y rise.

Market Trends

• Steady growth in home values, particularly in the apartment and row house segments.

• Increasing new listings and inventory highlight a more competitive market.

• Sales to new listings ratio indicates a moderate absorption rate of 0.59.

Summary

Springbank Hill’s October 2024 market remains robust, with a significant increase in sales and rising property values across most property types. The market is balanced with growing inventory, suggesting opportunities for buyers and sellers alike.

This performance underscores the continued demand and resilience in this desirable community.

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Springbank Hill Real Estate Report     Oct.~ Dec. 27

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