Harvest Hills displayed strong momentum in Q1 2025, with a sharp resurgence in both listings and sales activity:

• Sales: 41 (↑156.25% Y/Y)

• New Listings: 52 (↑173.68% Y/Y)

• Sales-to-New-Listings (SNL) Ratio: 78.85% – suggests a strong seller’s market.

• Average Days on Market: 33 days (↑33.61% Y/Y)

• Months of Supply: 1.44 (historically low; Q1 10-year avg = 2.51)

• Benchmark Price (Total Residential): $539,733 (▼0.4% Y/Y)

Despite the increase in inventory (↑436% Y/Y), months of supply remain tight, keeping pressure on prices, especially in desirable home segments.

📊 Market Trends

🏠 Detached Homes

• Sales: 22 (↑100% Y/Y)

• Benchmark Price: $631,067 (↑3.9% Y/Y)

• Average Price: $653,132 (↑4.2% Y/Y)

• Median Price: $639,000 (↑0.9% Y/Y)

Detached homes remain the backbone of the Harvest Hills market, with two-storey models comprising 78.7% of all detached transactions. Prices continue to climb amid tight inventory and strong demand from upsizers.

🏘️ Row Houses

• Benchmark Price: $427,500 (↑0.62% Y/Y)

• Median Price: $474,850 (▼9.98% Y/Y)

• Average Price: $505,000 (▼3.91% Y/Y)

Row homes remain a more affordable option but showed price softening, likely due to broader selection and buyer negotiation room. Nevertheless, their popularity is buoyed by demand from downsizers and young families.

🏢 Apartments

• Benchmark Price: $402,700 (↓0.58% Y/Y)

• Apartments saw modest decline in value and remain the entry point for new buyers or investors, though they now make up a smaller share (approx. 25%) of the total market.

🔗 Semi-Detached

• No benchmark price was recorded for Q1 2025, indicating limited sales volume. Historically, this segment has been small and volatile in Harvest Hills.

🧭 Community Highlights & Developments

Harvest Hills continues to attract residents thanks to its prime location near major corridors (Deerfoot Trail & Country Hills Blvd) and proximity to YYC International Airport and large shopping amenities like Country Hills Town Centre.

Key community notes:

• The Harvest Hills Lake area and surrounding green spaces remain a big draw for buyers looking for family-oriented or nature-accessible living.

• Planned enhancements to nearby Vivo Recreation Centre and retail corridors in 2025 may continue to boost demand and livability appeal.

• Several neighborhood groups reported increased local engagement this quarter, including volunteer clean-ups and spring markets.

🔮 Outlook for 2025

Harvest Hills enters Q2 2025 with strong market momentum. While detached homes are clearly leading the way, the row and apartment segments may continue to experience volatility due to affordability pressures and inventory adjustments.

Sellers are in a favorable position, particularly those listing modernized detached or renovated row homes, while buyers are advised to act decisively, especially as inventory remains constrained.

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Market Trends:

Detached Homes

• Sales: 7 units (+133% YoY)

• Benchmark Price: $620,800 (+4% YoY)

• Inventory: 8 units (+300% YoY)

• Months of Supply: 1.14 months

Detached homes saw strong demand, with a notable increase in sales and inventory levels. Prices have experienced steady growth, reflecting continued buyer interest.

Semi-Detached Homes

• Sales: 0 units (No sales activity)

• Benchmark Price: N/A

• Inventory: 0 units

Semi-detached homes had no recorded sales in January 2025, indicating a lack of inventory or market activity in this segment.

Row Homes (Townhouses)

• Sales: 2 units (+100% YoY)

• Benchmark Price: $422,500 (+1% YoY)

• Inventory: 1 unit (No change YoY)

• Months of Supply: 0.5 months

Row homes showed an increase in sales activity with stable pricing. However, limited inventory suggests continued pressure on supply.

Apartments

• Sales: 1 unit (No change YoY)

• Benchmark Price: $403,400 (-2% YoY)

• Inventory: 6 units (+500% YoY)

• Months of Supply: 6 months

Apartment sales remained flat compared to last year, but inventory surged significantly, leading to a slight price decline.

Overall Market Performance

• Total Residential Sales: 10 units (+100% YoY)

• New Listings: 15 (+275% YoY)

• Benchmark Price: $534,000 (Stable YoY)

• Months of Supply: 1.7 months (+750% YoY)

The Harvest Hills real estate market saw strong sales growth, particularly in detached and row homes, while the apartment segment faced increased inventory. The benchmark price remained stable, and supply levels increased compared to last year.

2025 Real Estate Outlook for Harvest Hills

1. Continued Demand for Detached Homes

   • With limited supply and steady price growth, detached homes are expected to remain a key driver of the market.

2. Row Homes Gaining Popularity

   • Townhouses continue to be an attractive option for buyers looking for affordability and space.

3. Apartments Facing Inventory Challenges

   • The increase in apartment listings may lead to slower price appreciation in this segment.

4. Moderate Price Growth Expected

   • Overall, property prices are expected to rise at a steady pace, driven by strong demand and limited inventory in key segments.

5. Market Resilience Amid Interest Rate Trends

   • Depending on economic conditions and mortgage rates, buyer activity may fluctuate, but Harvest Hills remains a desirable location.

Market Overview

• Total Sales: 10 homes sold, marking a 43% increase from December 2023.

• New Listings: 11 new listings, a 267% increase from last year.

• Inventory: 14 active listings, up 250% year-over-year.

• Benchmark Price: $536,100, reflecting a 0.6% annual increase.

• Months of Supply: 1.40 months, indicating a continued seller’s market.

Market Breakdown by Property Type

Detached Homes

• Sales: 6 homes sold, a 20% increase year-over-year.

• New Listings: 4 new detached home listings (+100% Y/Y).

• Benchmark Price: $616,100, showing a 2.4% increase from last year.

• Market Trend: Detached homes remain in demand, with a rise in new listings and moderate price appreciation.

Semi-Detached Homes

• Sales: 0 sales recorded in December.

• New Listings: 0 new listings.

• Benchmark Price: N/A (No activity in this segment).

• Market Trend: Limited supply and demand in this category.

Row (Townhouses)

• Sales: 0 units sold, a 100% decline compared to last year.

• New Listings: 2 new listings, showing a 100% increase.

• Benchmark Price: $430,900, a 3.0% increase from last year.

• Market Trend: Townhouse sales were inactive this month, but prices have continued to rise.

Apartments

• Sales: 4 apartment sales, no year-over-year comparison available.

• New Listings: 5 new listings, up 100% from last year.

• Benchmark Price: $410,000, reflecting a 145% price increase.

• Market Trend: Apartments continue to be an attractive option, with strong price growth and an increase in new listings.

Harvest Hills 2024 Annual Market Summary

Overall Market Trends

• Total Sales for 2024: 132 homes sold, a 4% decrease from 2023.

• Total New Listings for 2024: 182 new listings, reflecting a 14% increase from 2023.

• Average Months of Supply for 2024: 1.32 months, a 68% increase from the previous year.

• Annual Benchmark Price: $550,717, marking a 9.1% increase year-over-year.

• Median Home Price: $537,500, increasing 4.6% annually.

• Average Home Price: $539,231, up 8.4% compared to last year.

Annual Breakdown by Property Type

Detached Homes (2024)

• Total Sales: 64 homes, down 16% from 2023.

• Total Listings: 83 new listings, a 7% decline.

• Benchmark Price: $616,100, up 2.4% from last year.

• Market Trend: While sales slowed slightly, detached home prices continued to rise due to steady demand.

Semi-Detached Homes (2024)

• Total Sales: 6 homes, a 25% decrease year-over-year.

• Total Listings: 10 new listings, up 43%.

• Benchmark Price: N/A (Due to limited transactions).

• Market Trend: Minimal activity, but inventory increased.

Row Homes (Townhouses) (2024)

• Total Sales: 21 homes, down 13% from 2023.

• Total Listings: 28 new listings, up 12%.

• Benchmark Price: $430,900, a 3.0% increase from last year.

• Market Trend: Demand slightly weakened, but townhouse prices continued to rise.

Apartments (2024)

• Total Sales: 41 apartments, a 37% increase compared to last year.

• Total Listings: 61 new listings, up 61%.

• Benchmark Price: $410,000, a 145% price surge.

• Market Trend: Apartments were the fastest-growing segment, with significant price growth and rising inventory.

Market Trends

• Sales Activity:

  • A total of 13 homes were sold in October 2024, marking an 86% increase from the previous year, indicating a strong demand for properties in the area.

• New Listings:

  • 11 new listings were added, reflecting an 8% decline year-over-year, contributing to the ongoing shortage of inventory.

• Inventory:

  • 20 active listings, showing an 82% increase compared to last year, suggesting a growing supply of homes.

• Benchmark Prices:

  • The overall residential benchmark price reached $548,900, reflecting a 3.4% annual increase.

• Months of Supply:

  • The current months of supply is 1.54, reinforcing a seller’s market, meaning demand is still outpacing supply.

Market Breakdown by Property Type

Detached Homes

• Sales: 4 homes sold, marking a 43% decline year-over-year.

• New Listings: 5 new detached home listings (-44% Y/Y).

• Benchmark Price: $630,200, showing a 12% increase compared to last year.

• Market Trend: Despite fewer sales, detached homes remain in demand with steady price growth.

Semi-Detached Homes

• Sales: No sales were recorded in this category for October 2024.

• New Listings: No new listings.

• Benchmark Price: N/A.

• Market Trend: Limited activity in this segment, suggesting a low supply or lack of demand.

Row (Townhouses)

• Sales: 5 units sold, no change from the previous year.

• New Listings: 1 new listing (unchanged Y/Y).

• Benchmark Price: $433,200, reflecting a 6.5% increase from last year.

• Market Trend: Townhouses remain a popular and stable housing option, with prices gradually increasing.

Apartments

• Sales: 4 apartment sales, a 267% increase from last year.

• New Listings: 5 new listings, a 150% increase Y/Y.

• Benchmark Price: $426,200, increasing 4.7% annually.

• Market Trend: A surge in apartment demand, possibly due to affordability concerns in the detached home market.

Community Features

1. Schools & Education

Harvest Hills is well-served by a variety of public and Catholic schools, offering both elementary and high school options. Some of the closest schools include:

• Ascension of Our Lord School (K-9, Catholic)

• Harvest Hills Montessori

• Northern Lights School (Public K-4)

2. Transportation & Accessibility

• Roads: Convenient access to Deerfoot Trail and Country Hills Boulevard, allowing quick connectivity to downtown and Calgary International Airport.

• Public Transit: Several bus routes service the area, connecting to major transit hubs.

3. Shopping & Retail

• Country Hills Town Centre: Features major retailers, grocery stores, and restaurants.

• Creekside Shopping Centre: Offers additional shopping, dining, and essential services nearby.

4. Recreation & Green Spaces

• Harvest Hills Park: A popular outdoor space for walking, jogging, and family activities.

• Nose Creek Parkway: A nearby natural park area offering trails and scenic views.

• Golf Courses: Close to Country Hills Golf Club, providing an excellent option for golf enthusiasts.

Harvest Hills continues to see strong demand, particularly in the apartment and townhouse segments due to affordability. Detached homes remain desirable, but higher prices have slightly slowed sales. The community's proximity to amenities, schools, and major roadways makes it a highly attractive area for buyers.

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