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.

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

人们还真喜欢西山的这些设区，第四季度光地皮就卖了四处，最便宜的小地块售价27.1万，门朝北的WALKOUT远山景观地皮售价刚过50万。

公寓售出5套，一室公寓带地下停车位售价为$232,500。4套两室两卫带地下停车位的成交均价为$276,375。

 独立屋售价最低的是一套2000年建成的1603平方尺、地下室没装修的前置双车位房屋，售价47.5万，是个好deal。24 套售出房屋均价为$782,975，这给了大家一个大概的印象Springbank Hill 房屋均价在哪个价位段。之后不同房屋售价的区别原因就多了去了，像平面设计布局合理与否、室内装修风格、地下室装修与否、面积大小等等。其中4套房屋售价高于100万，两套是平房。

更多卡尔加里房地产资讯，请查看链接。

In April, a total of 16 properties were sold, including 9 detached houses. Since the number of transactions is relatively low, it is better to look at the records for the first four months, during which a total of 53 properties were sold.

Sales by Listing Price:

• Listed at $400,000–$500,000: 3 sales

• Listed at $500,000–$600,000: 14 sales

• Listed at $600,000–$700,000: 16 sales

• Listed at $700,000–$800,000: 8 sales

• Listed at $800,000–$1,000,000: 4 sales

• Listed above $1,000,000: 8 sales

Sales of Two-Story Homes (46 total):

• 1,300–1,500 sq. ft.: 2 sales, average price $459,250

• 1,600–1,700 sq. ft.: 3 sales, average price $500,667

• 1,800–2,000 sq. ft.: 9 sales, average price $577,222

• 2,000–2,200 sq. ft.: 12 sales, average price $611,317

• 2,200–2,400 sq. ft.: 7 sales, average price $719,286

• 2,400–2,600 sq. ft.: 5 sales, average price $702,900

• 2,600–2,800 sq. ft.: 4 sales, average price $717,950

• 3,000–4,000 sq. ft.: 4 sales, average price $1,589,750

Springbank Hill is a large and diverse suburb near the western city limit of Calgary, Alberta in the Southwest (SW) quadrant. It is bounded to the north by 17 Avenue SW, to the south by Glenmore Trail, to the east by 69 Street SW and to the west by 101 Street SW.

The area was once the eastern portion of the unincorporated community of Springbank to the west of the city in the Municipal District of Rocky View. Like Springbank Hill, Springbank has developed into a large area community that is now among the wealthiest regions of Greater Calgary. The community was established in 1999, on land annexed to the City of Calgary in 1994. The community association was formed in 2001.

The community of Springbank Hill is made up of numerous subdivisions, including Springborough, Summit of Montreux, Springbank Hill, The Slopes, Anatapi and Spring Valley.
Springbank Hill is home to Ernest Manning High School, which commenced classes in September 2011, and Ambrose University College. The 69 Street station of the West LRT (expected to begin operations in March 2013), is also located in Springbank Hill.

According to the City of Calgary Civic Census, the neighbourhood had a population of 7,875 in 2009 (79.0% increase since 2005). According to 2006 Census of Canada, residents in this community had a median household income of $116,470 in 2005, and there were 6.7% low income residents living in the neighborhood. A portion of 42.6% of population aged 15 and over were university educated. In 2006, 87.2% of the buildings were single detached housing, 6.0% were semi-detached, and 6.5% were row houses and apartments. 3.4% of the housing was used for renting. 

With a total of four bedrooms and 3 and a half baths this 2 storey Stepper Custom home has everything you need for a growing family. The Summit of Montreux is close to shopping, dining, Westside Rec Center, golf, private schools, and minutes to downtown gives you all the amenities you need. Nestled in a quiet cul-de-sac and a city playground just outside your backyard, you can sit on your 12X8 deck and watch your kids play outside while enjoying a view of the mountains. With 9 foot ceilings you are bathed in natural light with lots of south facing windows on both the main floor and the developed walkout basement. Details make the difference in the layout of this home: laundry on main floor, walkthrough pantry from the garage, 75 gallon hot water tank, basement fireplace rough-in, surround sound wiring in the basement, central vacuum rough-in. Call now for a private showing.