The Legacy real estate market in January 2025 started the year with a decline in sales activity but continued price growth. The benchmark price for total residential properties stood at $968,000, reflecting a 5.8% year-over-year (Y/Y) increase.

Key Market Statistics:

• Sales: 15 transactions (-38% Y/Y).

• New Listings: 53 listings (+56% Y/Y).

• Inventory: 61 active listings (+65% Y/Y).

• Months of Supply: 4.07 months, indicating a balanced to buyer’s market.

• Sales-to-New Listings Ratio (S/NL): 0.28, suggesting an increase in supply over demand.

• Median Price: $535,000 (-11.6% Y/Y).

• Average Price: $529,208 (-7.9% Y/Y).

Property Type Breakdown:

• Detached Homes: $1,021,100 benchmark price (+5% Y/Y).

• Row/Townhouses: $426,000 benchmark price (+5.8% Y/Y).

• Apartments: $338,100 benchmark price (+5.5% Y/Y).

• Semi-Detached: No sales recorded this month.

Market Trends

1. Slower Sales Activity & Increased Inventory

• Sales declined by 38% Y/Y, marking a slower start to the year.

• New listings surged by 56% Y/Y, leading to a 65% increase in inventory.

• The Sales-to-New Listings Ratio (0.28) suggests more homes are available than buyers, shifting the market towards balance.

2. Rising Home Prices Despite Softening Demand

• The benchmark price increased by 5.8% Y/Y, showing continued long-term value growth.

• However, median and average prices declined, indicating some downward pressure due to higher inventory.

3. Market Shift Towards Balance

• Months of Supply increased to 4.07 months, which is moving towards a buyer’s market.

• Buyers have more negotiating power, while sellers may need to adjust pricing strategies.

2025 Market Outlook

What to Expect in the Coming Months

• Potential Price Stabilization: With increased inventory, price growth may slow, leading to more stable housing costs.

• Higher Sales Volume in Spring: Historically, sales increase in Q2 (April – June), leading to tighter market conditions.

• Interest Rate Sensitivity: If rates stabilize or decrease, buyer activity may pick up in mid-to-late 2025.

• Long-Term Demand Remains Strong: Legacy continues to be a desirable community, ensuring steady long-term appreciation.

Key Takeaways for Buyers & Sellers

• Buyers: More inventory means greater selection and potential price negotiations.

• Sellers: Pricing competitively and staging effectively will be key to attracting buyers in a softening market.

The Legacy real estate market began 2025 with lower sales, higher inventory, and continued price appreciation. While the market is shifting towards balance, it remains resilient, and seasonal trends are expected to drive stronger activity in the coming months.

The Legacy real estate market in December maintained steady growth, with prices continuing to increase despite seasonal slowdowns in sales and new listings. The benchmark price for total residential properties was $969,000, reflecting a 5.8% year-over-year (Y/Y) increase.

Key Market Statistics:

• Sales: 20 transactions (unchanged Y/Y).

• New Listings: 11 listings (+57% Y/Y).

• Inventory: 34 active listings (unchanged Y/Y).

• Months of Supply: 1.70 months, indicating a seller’s market.

• Median Price: $567,625 (+8.1% Y/Y).

• Average Price: $508,043 (-2.3% Y/Y).

• Sales-to-New Listings Ratio (S/NL): 1.82, suggesting high demand relative to new supply.

Property Type Breakdown:

• Detached Homes: $1,022,200 benchmark price (unchanged Y/Y).

• Row/Townhouses: $426,000 benchmark price (+5.8% Y/Y).

• Apartments: $338,100 benchmark price (+5.5% Y/Y).

• Semi-Detached: No sales recorded this month.

2024 Annual Market Summary

Overall Market Performance

Legacy’s real estate market experienced strong growth in 2024, with rising home prices and increased sales activity.

• Total Sales: 336 transactions (+9% Y/Y).

• New Listings: 450 listings (+16% Y/Y).

• Inventory: Averaged 49 active listings (+26% Y/Y).

• Average Benchmark Price: $980,808 (+9.7% Y/Y).

• Median Price: $580,000 (+13.7% Y/Y).

• Average Price: $564,333 (+13.1% Y/Y).

Annual Market Trends

1. Strong Price Growth:

   • Benchmark prices increased by 9.7% over 2023, reflecting continued demand and limited supply.

   • Detached homes remained above $1M, maintaining a high-value trend.

2. Sales Activity Increased Despite Inventory Growth:

   • Sales rose by 9%, showing strong buyer demand.

   • New listings were up 16% Y/Y, helping to balance the market.

3. Low Months of Supply Throughout the Year:

   • Averaged 1.80 months, indicating a seller’s market for most of 2024.

Best & Worst Performing Months:

• Peak Price: May 2024 – Benchmark price at $1,004,200.

• Lowest Price: December 2024 – Benchmark price at $969,000.

• Highest Sales: May 2024 – 40 sales recorded.

• Lowest Sales: December 2024 – 20 sales recorded.

The Legacy real estate market had a strong 2024, with rising prices, high demand, and increased inventory. While December saw a seasonal slowdown, overall home values remained stable, making Legacy a top-performing community in Calgary.

The Legacy real estate market in November 2024 experienced a moderate slowdown in sales but continued price appreciation. The benchmark price for total residential properties reached $986,700, reflecting an 8.1% year-over-year (Y/Y) increase.

Key Market Statistics:

• Sales: 22 transactions (-12% Y/Y)

• New Listings: 26 listings (-19% Y/Y)

• Inventory: 57 active listings (+4% Y/Y)

• Months of Supply: 2.59 months, indicating balanced market conditions.

• Sales-to-New Listings Ratio (S/NL): 0.85, suggesting strong buyer demand.

• Median Price: $573,500 (+6.7% Y/Y)

• Average Price: $562,203 (+18.2% Y/Y)

Property Type Breakdown:

• Detached Homes: $1,043,700 benchmark price (+12% Y/Y)

• Row/Townhouses: $426,000 benchmark price (+8.1% Y/Y)

• Apartments: $338,100 benchmark price (+5.5% Y/Y)

• Semi-Detached: No sales recorded this month.

Market Trends

1. Slower Sales Activity

• Sales were down 12% Y/Y, reflecting seasonal cooling and market adjustments.

• Fewer new listings, down 19% Y/Y, led to tighter inventory conditions.

2. Steady Price Appreciation

• The benchmark price rose by 8.1% Y/Y, highlighting continued demand.

• Detached homes saw the largest price increase, exceeding $1 million.

3. Balanced Market Conditions

• Months of supply increased to 2.59, suggesting a shift towards a more balanced market.

• Despite lower sales, home prices continue to rise, supported by sustained buyer interest.

Community Features

Legacy is a modern, master-planned community in Southeast Calgary, known for its green spaces, family-friendly amenities, and convenient access to services.

• Parks & Outdoor Spaces: Legacy boasts over 300 acres of natural reserve, walking trails, and multiple playgrounds.

• Shopping & Dining: Home to Legacy Village and close to Seton Urban District, offering retail stores, restaurants, and grocery shops.

• Recreation: Proximity to Blue Devil Golf Course, the Bow River pathways, and South Fish Creek Park.

Transportation & Accessibility

Legacy offers convenient transportation options with easy access to major roadways and public transit.

• Road Access: Located near Stoney Trail and Macleod Trail, providing quick connections to downtown Calgary.

• Public Transit: Calgary Transit bus routes connect Legacy to nearby LRT stations.

• Future LRT Expansion: Planned extensions to the Green Line LRT will improve transit access for residents.

Legacy’s real estate market in November 2024 showed strong price growth and a balanced supply, despite a seasonal slowdown in sales. With rising home values, excellent community amenities, and strong connectivity, Legacy remains a highly desirable neighborhood for homebuyers.

The Legacy real estate market in October 2024 remained strong and competitive, with an increase in both sales and home prices. The benchmark price for total residential properties reached $985,500, reflecting a 6.9% year-over-year (Y/Y) increase.

Key Market Stats:

• Sales: 32 transactions (+28% Y/Y)

• New Listings: 40 listings (+14% Y/Y)

• Months of Supply: 2.16 months (indicating a balanced market)

• Inventory: 69 active listings (+30% Y/Y)

• Sales-to-New Listings Ratio: 0.80, signaling strong buyer demand.

• Median Price: $552,500 (+5.2% Y/Y)

• Average Price: $495,626 (+0.7% Y/Y)

Property Type Breakdown:

• Detached Homes: $1,042,700 benchmark price (+2% Y/Y)

• Row/Townhouses: $426,000 benchmark price (+6.9% Y/Y)

• Apartments: $338,100 benchmark price (+5.5% Y/Y)

• Semi-Detached: No sales recorded this month.

Market Trends

1. Increased Sales & Buyer Demand

• Sales were 28% higher than October 2023, showing consistent demand for properties in Legacy.

• The Sales-to-New Listings Ratio (0.80) indicates that a large portion of new listings are selling quickly.

2. Rising Home Prices

• The benchmark price grew by 6.9% Y/Y, driven by high demand and limited supply.

• The detached home market remains strong, with values exceeding $1 million.

3. Balanced Market Conditions

• The Months of Supply (2.16 months) suggests a balanced market, neither favoring buyers nor sellers.

• With rising inventory levels, more choices are becoming available for buyers.

Community Features

Legacy is one of Calgary’s fastest-growing communities, offering modern homes, ample green space, and convenient access to key amenities.

• Parks & Outdoor Spaces: Features over 300 acres of environmental reserve, walking trails, and Legacy Park.

• Dining & Shopping: Home to Legacy Village and close to Shawnessy Shopping Centre, providing retail stores, restaurants, and services.

• Recreation: Quick access to Blue Devil Golf Course and the Bow River pathways.

Schools in Legacy

Legacy is a family-friendly community with access to excellent schools, including:

• All Saints High School (Catholic)

• Ridgegate School (Public, opening soon)

• Nearby schools in Walden and Silverado also serve Legacy residents.

Shopping & Accessibility

• Legacy Corner & Legacy Village provide shopping, dining, and grocery options within the community.

• South Health Campus is a short drive away for medical services.

• Stoney Trail & Macleod Trail offer easy access to downtown Calgary and other parts of the city.

• Calgary Transit provides bus routes connecting to LRT stations.

Legacy’s real estate market remained strong in October 2024, with high demand, rising prices, and a balanced supply. The community continues to attract families and professionals with its modern amenities, excellent schools, and convenient location.

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