Market Trends

• Total Residential Sales: 15 transactions (46% decrease Y/Y).

• New Listings: 29 new listings (4% increase Y/Y).

• Inventory Levels: 34 active listings (113% increase Y/Y).

• Months of Supply: 2.27 months, indicating a more balanced market.

• Price Trends:

  • Detached Homes: $749,000 (9% Y/Y increase).

  • Semi-Detached Homes: $545,200 (9% Y/Y increase).

  • Row Homes: $422,000 (8% Y/Y increase).

  • Apartments: $328,200 (7% Y/Y increase).

  • Total Residential Benchmark Price: $610,000 (6.6% increase Y/Y).

Market Insights

• Sales declined sharply, signaling potential affordability concerns or seasonal trends.

• Inventory levels have increased significantly, easing supply constraints.

• Prices continue to rise, driven by steady demand, despite fewer transactions.

2025 Real Estate Market Outlook for Evergreen

1. Market Shift Towards Balance

   • With increasing inventory and supply, the market may transition from a seller’s market to a balanced market.

2. Continued Price Growth, but at a Slower Pace

   • Prices will likely appreciate moderately, supported by strong detached home demand.

3. Interest Rate & Affordability Considerations

   • If borrowing costs remain high, entry-level homes and apartments may see stronger demand.

   • Luxury segments may stabilize, with longer selling times due to affordability challenges.

4. Stronger Competition for Sellers

   • With more inventory available, sellers may need to price strategically to attract buyers.

Conclusion

Evergreen’s real estate market in 2025 will likely see more balance between supply and demand. Price growth should remain positive, but sellers may need to adjust expectations as inventory increases.

Evergreen experienced strong price growth across all property types in December 2024, with sales increasing by 36% year-over-year. Inventory levels have risen, but demand remains high, leading to continued upward pressure on prices.

Market Trends

• Sales Activity: A total of 15 residential sales were recorded in Evergreen, reflecting a 36% year-over-year increase.

• New Listings: 14 new properties were listed in December, a 27% rise compared to the previous year.

• Inventory Levels: The number of available homes increased to 26, showing a 20% annual increase.

• Months of Supply: The market had 1.73 months of supply, indicating a 9% increase over the previous year.

Detached Homes

• Sales: 9 units sold (80% increase Y/Y)

• New Listings: 10 new listings (100% increase Y/Y)

• Inventory: 19 active listings

• Benchmark Price: $749,000 (12% Y/Y increase)

• Months of Supply: 2.00 months

• Market Trend: The detached segment remains strong, with a notable price appreciation of 12% compared to the previous year. The increase in new listings has been met with high buyer demand, resulting in low months of supply.

Semi-Detached Homes

• Sales: 0 units sold (No recorded sales this month)

• New Listings: 0

• Inventory: 1 active listing

• Benchmark Price: $546,500 (6% Y/Y increase)

• Months of Supply: Not applicable (no sales)

• Market Trend: The semi-detached market remains relatively quiet, with limited inventory and demand. Prices continue to appreciate despite fewer transactions.

Row Homes (Townhouses)

• Sales: 3 units sold (0% Y/Y change)

• New Listings: 1 (67% decrease Y/Y)

• Inventory: 0 active listings (indicating high demand)

• Benchmark Price: $425,600 (9% Y/Y increase)

• Months of Supply: Low, at 1.45 months

• Market Trend: The townhouse market remains highly competitive, with inventory being absorbed quickly. Limited new listings are contributing to rising prices.

Apartments (Condos)

• Sales: 3 units sold (No change Y/Y)

• New Listings: 3 (No change Y/Y)

• Inventory: 6 active listings (56% increase Y/Y)

• Benchmark Price: $340,200 (9% Y/Y increase)

• Months of Supply: 1.73 months

• Market Trend: The apartment market has seen an increase in inventory, but demand remains steady. Prices continue to trend upward, benefiting sellers.

Overall Market Trend

• Total Residential Sales: 15 transactions (36% increase Y/Y)

• Total Benchmark Price: $613,800 (7.7% increase Y/Y)

• Total Months of Supply: 1.73 months (9% increase Y/Y)

• Inventory Growth: 20% higher than last year

The detached and townhouse markets continue to drive price growth, while the apartment segment remains stable. The semi-detached segment has seen minimal activity. With relatively low months of supply, Evergreen remains a seller’s market, particularly for row homes and detached houses. Overall, the Evergreen real estate market in December 2024 reflected steady price growth and sustained demand, despite increasing inventory levels.

Evergreen remains a sought-after community due to its proximity to natural parks, excellent schools, and strong neighborhood amenities. The area continues to attract families and professionals due to its balanced mix of affordable apartments, townhomes, and high-value detached homes. Easy access to public transit and major roadways enhances its desirability.

The real estate market in Evergreen remained active in November 2024, with a mix of detached, attached, and apartment properties showing steady price appreciation. The benchmark price for total residential properties was approximately $615,400, reflecting a continued year-over-year increase.

• Detached Homes: Benchmark prices ranged around $758,800 to $751,700, with fully finished basements being a common feature.

• Attached Homes (Semi-Detached & Row Houses): Prices averaged $547,900 for semi-detached and $425,300 for row housing.

• Apartments: The benchmark price was $339,400, showing stability in this segment.

Sales Activity:

• Total sales volume showed moderate growth, with an increase in transactions compared to the same period last year.

• Days on Market (DOM) remained relatively low, indicating strong demand across property types.

• The sales-to-new-listings ratio suggests a competitive market, favoring sellers in some segments​.

Transportation & Accessibility

Evergreen is well-connected to Calgary’s major road networks:

• Stoney Trail provides quick access to the rest of the city, making commuting convenient.

• Public Transit: Several bus routes serve the community, and the Tsuut’ina LRT extension under discussion is expected to enhance transit accessibility in the coming years.

• Pedestrian-friendly paths and cycling routes contribute to a well-connected neighborhood.

Schools & Education

Evergreen is a family-friendly community with excellent school options:

• Evergreen School (K-4, CBE) – Offers an inquiry-based learning approach.

• Marshall Springs School (5-9, CBE) – A middle school with strong academic and extracurricular programs.

• Our Lady of the Evergreens (K-6, CSSD) – A Catholic school offering faith-based education.

• Dr. E.P. Scarlett High School – The designated high school with a French immersion program and Advanced Placement courses.

The presence of quality educational institutions adds to Evergreen’s appeal for families looking to settle in a well-serviced community.

Conclusion

Evergreen continues to be a desirable neighborhood for homebuyers, with rising property values, a balanced market, and strong demand for detached and attached homes. Its good transportation links and top-tier schools make it an attractive choice for families and investors alike.

Evergreen’s real estate market remained strong and stable in October 2024, with price appreciation across all property types.

• Total Residential Benchmark Price: $617,700 (⬆ 2.8% YoY)

• Detached Homes: $749,400 (Stable YoY)

• Semi-Detached Homes: $547,100 (⬆ 11.6% YoY)

• Row/Townhouses: $433,100 (⬆ 13.7% YoY)

• Apartments: $347,400 (⬆ 10.6% YoY)

Sales & Inventory

• Total Sales: 30 properties sold

• New Listings: 35

• Inventory: 48 properties available

• Months of Supply: 1.60, indicating a balanced market

Evergreen continues to experience moderate demand, with low inventory levels supporting price increases​.

Community Features

Evergreen is a family-friendly neighborhood known for its green spaces, recreational facilities, and accessibility.

• Fish Creek Provincial Park: One of the largest urban parks in North America, offering hiking, biking, and picnic areas.

• Pathway Network: Extensive walking and cycling paths connecting the community to surrounding areas.

• Retail & Shopping:

  • Shawnessy Shopping Centre provides access to major retailers.

  • Local shops, grocery stores, and restaurants serve residents.

• Recreation:

  • South Fish Creek Recreation Complex offers a gym, rinks, and a library.

  • Nearby golf courses for outdoor enthusiasts.

With rising home values, excellent amenities, and green spaces, Evergreen remains a desirable community for families and professionals.

STEPS to Fish Creek Park, 3550+ sq ft of LIVING SPACE- 3+1 bedrooms,3.5 baths located in Evercreek Bluffs. 9ft ceilings, main floor office, great room with fireplace, BONUS room + finished basement! CENTRAL AIR CONDITIONING! BRIGHT SUNNY GOURMET KITCHEN with GRANITE counters/island, MAPLE cabinetry and upper end appliances including gas stove. WALK THRU PANTRY with plenty of storage. Hardwood on the main. Upstairs there's a SPACIOUS master bedroom with 5 pc ENSUITE - including JETTED tub, oversized shower and walk in closet, two good sized spare bedrooms, roomy BONUS room, 4 pc bath and laundry. FULLY FINISHED basement with WET BAR, 4th bedroom, 3 pc bath and utility room. Front porch, low maintenance deck with natural gas hook up. OVERSIZED 20X24 double garage. May God bless the family lives in the property! Seller will install NEW CARPETS from stairs to upper level & do FINAL MOVE IN CLEANING.

During the third quarter of the year, Evergreen Estates experienced a dynamic real estate market with a total of 27 properties sold. The majority of these transactions, 22 in total, were single-family homes, while the remaining 5 were condominiums located in Beacon Hill Shawnee Slopes.

Single-Family Homes

• Bungalow Sales:

  • The lowest sold price for a bungalow was $430,000.

  • The highest sold price for a bungalow was $880,000, featuring a walkout basement and a 1,997 sq. ft. floor plan. This property’s value was significantly influenced by its proximity to Fish Creek Park.

• Two-Story Home Sales:

  • The lowest sold price for a two-story house was $458,000.

  • The highest sold price reached $945,000, for a 2,990 sq. ft. home with a walkout basement. Despite having no park view, the property’s value was largely driven by its size and extensive renovations.

Condominium Sales

Five condominium units were sold in the Beacon Hill Shawnee Slopes area. The average sale prices for these units were:

• One-bedroom apartments: $241,500

• Two-bedroom apartments: $299,000

Market Insights

Evergreen Estates continues to be a desirable community, with strong demand for single-family homes and condominiums alike. Properties with larger square footage, renovations, and desirable locations such as proximity to parks tend to command higher sale prices. The condominium market in Beacon Hill Shawnee Slopes also remains stable, with consistent pricing trends for one- and two-bedroom units.

For further insights or assistance in buying or selling in Evergreen Estates, please contact us.