Somerset entered 2025 with solid market activity, despite a slight dip in year-over-year sales volume:

• Sales: 33 homes sold (-19.5% YoY)

• New Listings: 49 (+11.4% YoY), matching the 10-year Q1 average

• Sales-to-New-Listings (SNL) Ratio: 67.35%, indicating a moderately competitive market

• Average Days on Market: 21 days (-28.88% YoY), suggesting brisk sales

• Months of Supply: 1.45 months (+198% YoY) – a modest increase in inventory but still favoring sellers

🏠 Market Trends

🏡 Detached Homes

• Sales: 18 (majority of all sales)

• Benchmark Price: $628,100 (+6.34% YoY)

• Average Price: $654,856

• Median Price: $651,500

• Strong demand for detached homes continues, especially among families. Most homes sold were in the $600K–$700K range.

• Quick turnaround: Detached homes are selling in approximately 18 days, maintaining appeal despite price increases.

🏘 Row Homes

• Benchmark Price: $395,933 (+5.66% YoY)

• Average Price: $399,667

• Median Price: $394,000

• Row housing offers a great middle ground—affordable and spacious enough for smaller families or first-time buyers.

• A slight dip in YoY median price (-6.19%) suggests more pricing flexibility in this segment.

🏢 Apartments

• Benchmark Price: $305,467 (+6.49% YoY)

• Average Price: $284,000

• Median Price: $278,371

• Despite being the largest share of inventory (41%), apartments are performing steadily. Modest price growth reflects stable interest and accessibility.

🏚 Semi-Detached Homes

• No sales recorded this quarter, continuing a multi-quarter trend of inactivity in this category for Somerset. This type represents a niche market in the community.

📈 Home Price Trends

• Total Residential Benchmark Price: $479,033 (+2.39% YoY)

• Average Residential Price: $494,753 (+7.6% YoY)

• Price growth is driven primarily by detached homes, though all property types showed some appreciation.

• The overall market maintains upward pressure on prices while remaining relatively affordable compared to other SW Calgary neighborhoods.

🏫 Community News & Activities – Q1 2025

📚 School Highlights

• Somerset School (K–4) launched a “Community Gardens & Growing Minds” initiative, incorporating outdoor education and sustainability-focused learning in partnership with local horticulturists.

• Enrollment has seen a modest uptick, correlating with more young families moving into the area.

🏞 Community Engagement

• The Somerset-Bridlewood Community Association hosted a successful Winter Carnival in February featuring snow painting, ice sculpting, and sledding—drawing over 400 residents.

• Planning is underway for the Spring Cleanup & BBQ in April, further reinforcing Somerset’s active and connected community culture.

• With excellent access to the Somerset-Bridlewood LRT station, residents continue to benefit from convenient transit and proximity to Shawnessy shopping and dining.

🔑 Key Takeaways

• Somerset’s real estate market remains healthy and balanced, with detached and row homes leading activity.

• Affordability, family appeal, and strong community events keep demand consistent.

• With benchmark prices rising modestly across the board, Somerset remains a popular choice for families and first-time buyers alike.

• Limited activity in semi-detached homes shows a potential opportunity for investors or developers to address that gap.

Market Overview

The Somerset real estate market in January 2025 experienced a slight decline in total residential sales, with 12 properties sold, marking an 8% year-over-year (Y/Y) decrease. Despite the drop in sales, new listings surged by 78% Y/Y, reaching 16 properties, contributing to a rise in inventory levels, which jumped 333% Y/Y to 13 available homes.

The benchmark residential price increased by 4% Y/Y, reaching $476,600. The months of supply stood at 1.08, indicating a shift towards a more balanced market compared to previous months.

Market Trends by Property Type

• Detached Homes:

  • The benchmark price rose to $621,200, up 7.7% Y/Y.

  • 8 detached homes were sold, reflecting a 100% Y/Y increase.

  • Inventory increased by 100% Y/Y, giving buyers more options.

• Semi-Detached Homes:

  • No sales were recorded for this segment in January 2025.

  • Inventory and months of supply remained at zero.

• Row/Townhomes:

  • Only 1 row home was sold, showing no change from the previous year.

  • The benchmark price increased by 9% Y/Y to $400,600.

  • Inventory remained stable.

• Apartments:

  • Sales dropped 63% Y/Y, with only 3 units sold.

  • The benchmark price increased 9% Y/Y to $302,100.

  • Inventory rose 75% Y/Y, reaching 7 available units.

2025 Real Estate Outlook

• Continued Price Growth: Despite fluctuations in sales volume, home prices are expected to continue their steady appreciation.

• Inventory Expansion: With new listings increasing significantly, buyers may find more options in the Somerset market.

• Balanced Market Conditions: The sales-to-new listings ratio (S/NL) is 0.75, suggesting a shift from a strong seller’s market to a more neutral one.

• Stability in Detached and Row Homes: These segments continue to see moderate demand, while apartments are facing slower sales.

Overall, the Somerset real estate market is transitioning towards a balanced phase, with increasing inventory and steady price growth. Buyers and sellers should monitor inventory trends, as a further increase in supply could ease price appreciation in the coming months.

Market Overview

The Somerset real estate market remained stable in December 2024, with 11 total residential sales, showing no change Y/Y compared to December 2023. New listings also remained steady at 7 new properties on the market. However, inventory levels increased by 57% Y/Y, reaching 11 available homes, leading to a months-of-supply increase to 1.00.

The benchmark residential price rose by 5.3% Y/Y to $482,100, indicating continued home value appreciation despite market stabilization.

Market Trends by Property Type (December 2024)

• Detached Homes:

  • The benchmark price was $620,900, with 5 sales (-44% Y/Y).

  • Inventory increased 200% Y/Y, reaching 3 available homes.

• Semi-Detached Homes:

  • No sales were recorded for this segment.

  • Inventory and months of supply remained at zero.

• Row/Townhomes:

  • No sales were recorded.

  • Inventory remained unchanged.

• Apartments:

  • Sales doubled (+200% Y/Y) with 6 units sold.

  • The benchmark price increased 5.3% Y/Y to $314,900.

  • Inventory decreased by 33% Y/Y, with 7 available units.

2024 Annual Real Estate Summary

Somerset's real estate market in 2024 experienced a decline in total sales (-15% Y/Y), with 171 properties sold. However, home prices appreciated significantly, with the total residential benchmark price rising 9.0% Y/Y to $486,825.

• Detached homes saw 84 sales (-6% Y/Y), with the benchmark price increasing 7.7% Y/Y to $620,900.

• Semi-detached homes recorded only 1 sale (-67% Y/Y), indicating very low activity in this segment.

• Row/townhomes had 10 sales (-29% Y/Y), with prices rising 11.8% Y/Y to $404,200.

• Apartments had 76 sales (-19% Y/Y) but continued to see price growth of 7.4% Y/Y, reaching $314,900.

The months of supply averaged 1.23 for the year, indicating that demand remained strong, even as inventory levels increased by 28% Y/Y.

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Market Trends & Property Types

The Somerset real estate market in November 2024 has shown resilience with steady demand across various property types.

Detached Homes

• Benchmark Price: $621,000 (7.0% YoY increase)

• Sales: 5 properties sold (0% change YoY)

• New Listings: 8 new listings

• Inventory: 7 available properties

• Months of Supply: 1.40 months, indicating a strong sellers' market​.

• Market Trend: Stable demand and increasing prices suggest that detached homes continue to be a premium choice, appealing to families and long-term homeowners.

Semi-Detached Homes

• Benchmark Price: $401,200

• Sales: No recorded sales in November

• New Listings: 0 new listings

• Inventory: 0 properties available

• Market Trend: This segment had limited activity, likely due to low inventory levels and higher demand for detached and row homes​.

Row Homes (Townhouses)

• Benchmark Price: $401,200 (5.6% YoY increase)

• Sales: 1 property sold

• New Listings: 1 new listing

• Inventory: 0 properties available at the end of November

• Months of Supply: 1.18 months, suggesting a competitive market​.

• Market Trend: Townhouses remain an attractive option for first-time buyers and downsizers, benefiting from affordability compared to detached homes.

Apartments (Condos)

• Benchmark Price: $313,900 (17.8% YoY increase)

• Sales: 9 properties sold (80% increase YoY)

• New Listings: 9 new listings

• Inventory: 14 available properties

• Months of Supply: 1.56 months, making it a sellers’ market​.

• Market Trend: The condo market is one of the fastest-growing segments, with increasing demand from investors, young professionals, and retirees. Prices have surged by nearly 18% YoY, making it one of the most profitable segments in 2024.

Overall Market Trends

• Total Residential Benchmark Price: $482,500 (5.6% YoY increase)

• Total Sales: 15 homes sold (+50% YoY)

• New Listings: 17 properties listed

• Months of Supply: 1.40 months, confirming Somerset is a strong sellers' market​.

Key Takeaways

1. Detached Homes are in high demand, with prices continuing to rise.

2. Townhouses & Row Homes remain competitive but had lower inventory in November.

3. Apartments are the hottest segment, showing rapid appreciation and sales activity.

4. The low inventory levels and strong demand suggest prices may continue to rise in early 2025.

Community Features & Amenities

• Schools: Somerset is home to several reputable schools, including Somerset School (K-4) and Bishop O'Byrne High School.

• LRT Transportation: The Somerset-Bridlewood CTrain station provides seamless transit access to downtown and other parts of Calgary.

• Shopping & Dining: The Shawnessy Shopping Centre, located nearby, offers big-box retailers, grocery stores, and dining options.

• YMCA & Recreation: Residents have access to the Shawnessy YMCA, which features a fitness center, swimming pool, and various programs.

• Library: The Shawnessy Public Library is a great resource for families and students.

• Parks & Outdoor Spaces: Somerset features multiple parks, walking trails, and playgrounds, making it an attractive neighborhood for families.

Somerset remains a sought-after community in Calgary due to its strong market performance, affordability in apartments, and excellent access to schools, transit, and amenities. With rising property values and a competitive market, now is a strategic time for buyers and sellers to explore opportunities in this neighborhood.

Market Trends:

The Somerset real estate market in November 2024 continues to exhibit strong demand, with notable price increases across property types.

• Detached Homes: Benchmark price $628,700 (+16.7% YoY)​.

• Semi-Detached Homes: No sales reported for the month, indicating low inventory.

• Row Homes (Townhouses): Benchmark price $407,100 (+13.8% YoY) with 1.60 months of supply, showing a competitive market.

• Apartments (Condos): Benchmark price $320,800 (+60% YoY), with a significant increase in sales.

Overall, the total residential benchmark price in Somerset stands at $491,600, reflecting a 7.3% YoY increase, highlighting a strong sellers' market with demand outpacing supply​.

Community Features & Amenities

Schools

Somerset is home to top-rated schools including:

• Somerset School (K-4) – Offers quality elementary education.

• Bishop O'Byrne High School – A well-known Catholic high school located nearby.

Transportation

• Somerset-Bridlewood LRT Station provides easy access to downtown Calgary and other key locations.

• Multiple bus routes serve the community, ensuring convenient public transit.

Shopping & Recreation

• Shawnessy Shopping Centre – Home to big-box stores, restaurants, and essential services.

• Shawnessy YMCA – A premier fitness and recreational facility with a pool, gym, and various programs.

• Shawnessy Public Library – A great resource for families and students.

• Parks & Trails – Somerset offers multiple parks, playgrounds, and green spaces for outdoor activities.

Key Takeaways

1. Somerset remains a hot market, with rising home prices and low supply.

2. Apartments are seeing the highest demand, with a 60% YoY price increase.

3. Row homes and detached properties are competitive, showing steady appreciation.

4. The area offers excellent schools, transportation, and amenities, making it highly desirable.

Investment Opportunities & Market Comparisons

Somerset continues to be an excellent investment opportunity, particularly in the apartment and detached home segments.

• Apartments have seen the highest price increase of 60% YoY, with benchmark values at $320,800​. This suggests strong rental demand, making condos a solid investment for long-term appreciation and rental income.

• Detached homes are appreciating steadily ($628,700, +16.7% YoY), attracting family buyers and long-term investors​.

• Limited supply (1.56 months of inventory) keeps demand high, supporting strong resale value​.

Comparison with Nearby Communities

Key Takeaways for Investors

1. Somerset's apartment market is booming, making condos the best investment for short-term gains and rental yield.

2. Detached homes remain a strong investment, with appreciation matching Evergreen but at a lower entry price.

3. Evergreen commands higher prices but has similar demand trends, making it a premium option for investors with a larger budget.

4. Millrise offers affordability, but price appreciation is slower compared to Somerset and Evergreen.

5. Shawnessy balances price and demand, making it a stable choice for both investors and homeowners.

Rental Yield & Long-Term Market Projections

The rental yield (annual rental income divided by property price) varies across these communities:

• Somerset has the highest rental yield due to strong demand for apartments and a relatively affordable price point​.

• Millrise follows closely with a slightly lower benchmark price and competitive rents.

• Evergreen is a pricier option, which reduces the rental yield slightly but offers strong long-term appreciation.

Long-Term Market Projections (2025-2027)

Based on current market trends, Somerset and Evergreen are expected to continue their upward price trajectory due to high demand, strong amenities, and increasing population growth.

• Detached Homes:

  • Expected to appreciate 5-8% annually, driven by strong family demand.

  • Evergreen is projected to reach $750,000 by 2027, while Somerset may hit $680,000.

• Apartments:

  • The fastest-growing segment, expected to increase 7-10% annually in Somerset.

  • Somerset condos could surpass $350,000 by 2026, with Evergreen following closely.

• Row Homes & Townhouses:

  • Steady growth of 4-6% per year, as affordability remains a key factor.

  • Millrise presents an affordable investment entry compared to the other communities.

Best Investment Strategy

1. Short-Term Rental Gains: Apartments in Somerset & Millrise offer the highest yields.

2. Long-Term Capital Appreciation: Evergreen & Shawnessy offer the best growth potential for detached homes.

3. Balanced Investment: Row homes in Somerset & Shawnessy provide steady appreciation with rental demand.

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Well loved family home located on a quiet street across from a green space and park. As you enter you notice the open and bright floor plan. The kitchen features a corner pantry, raised breakfast bar and plenty of counter and cabinet space. The large living room and nook is open to the kitchen, backyard and has a cozy gas fireplace. It will be the perfect area for family gatherings. The top floor has 3 well appointed bedrooms, laundry room and 2 bathrooms. Entertain in the uncrowded comfort in the fully finished basement with a bedroom and family room. Great place for children, teens or guests. The bonus is the pool table stays !! The insulated garage will keep your cars warm during our cold winters. The backyard which is fully fenced, treed and private is just waiting for BBQ season. The 2 tier patio will allow for everyone to have their own space. Original owners have raised their family here and look forward to selling it to new owners.

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Clean and pristine, this owner occupied, nicely decorated and updated CORNER unit offers 2 generously sized bedrooms, + 2 - 4 piece bathrooms, IN SUITE LAUNDRY and over 960 sq' of living space. This great floor plan has the Master bedroom with 2 closets and its own private 4 pc en-suite privately located at the opposing side of the unit from the large 2nd bedroom. The entry way is spacious and leads to the open concept living area. The kitchen is centrally located, and well planned out. The white cupboards and opening kitchen window make this a bright space. The Living room has sliding glass doors to an expansive corner balcony with South East exposure, a perfect place to take in the early and late day sunshine while providing bountiful natural light into the home. The LRT, immense shopping facilities, Schools, and Public recreational facilities are only minutes away.