The Seton real estate market experienced significant changes in January 2025, with 15 residential sales, marking a 46% decline year-over-year. The benchmark residential price increased by 4.8%, reaching $474,500.

• Detached Homes: The benchmark price rose 6.2% to $770,000, with 2 sales recorded.

• Semi-Detached Homes: Prices increased 7% to $591,100, though no sales were recorded in January.

• Row Homes: The benchmark price climbed 5% to $472,200, with 8 sales.

• Apartments: The benchmark price grew 4% to $376,100, with 5 units sold in January.

Seton saw a sharp rise in inventory, reaching 95 available units (up 197% from last year). New listings surged to 66 (up 175%), resulting in a months of supply level of 6.33, indicating a buyer’s market.

Community Shopping & Retail Features

Seton is known for its comprehensive urban district, offering a range of shopping, dining, and entertainment options:

• Seton Urban District – A vibrant commercial hub featuring grocery stores, boutique shops, and essential services.

• Seton Shopping Centre – A retail hub with major brands, fitness centers, and diverse dining options.

• South Health Campus Shopping Plaza – Home to pharmacies, medical offices, and convenience stores.

• Cineplex Seton – A state-of-the-art theater offering premium movie experiences.

Healthcare & South Health Campus

One of Seton’s most attractive features is the South Health Campus, a leading medical facility in Calgary:

• Emergency & Specialized Care – Provides 24/7 emergency services, surgeries, and specialized treatments.

• Advanced Research & Teaching Hospital – Connected with the University of Calgary, offering cutting-edge medical research.

• Wellness & Community Health Services – Includes rehabilitation, mental health programs, and wellness initiatives.

With strong real estate growth, expanding retail amenities, and access to premier healthcare, Seton remains a key destination for homebuyers and investors.

Mahogany’s real estate market showed strong performance in January 2025, with 28 residential sales, marking a 75% increase year-over-year. The benchmark residential price reached $587,700, reflecting a 3.3% annual increase.

• Detached Homes: The benchmark price rose 6% to $818,700, with 11 sales recorded.

• Semi-Detached Homes: Prices climbed 8% to $577,000, with 7 homes sold in January.

• Row Homes: The benchmark price increased by 6% to $490,500, with 3 sales.

• Apartments: Prices grew 5% to $356,700, with 7 sales, reflecting a 75% increase year-over-year.

Mahogany continues to experience strong demand, with inventory levels rising to 80 units (a 54% increase) and new listings reaching 62 (up 68%). The months of supply now stands at 2.86, indicating a balanced market.

Lake Lifestyle & Outdoor Amenities

A key attraction of Mahogany is Calgary’s largest freshwater lake, offering a unique four-season lifestyle:

• Beach Access & Water Activities – The 63-acre Mahogany Lake provides residents with opportunities for swimming, kayaking, paddleboarding, and fishing in the summer.

• Two Private Beach Clubs – Exclusive for residents, these clubs offer sandy beaches, picnic areas, and recreational facilities.

• Winter Activities – The frozen lake transforms into a skating rink and hosts winter festivals and community events.

• Walking & Biking Trails – Over 22 km of scenic pathways connect the community, making it ideal for outdoor enthusiasts.

Community Shopping & Conveniences

Mahogany offers a mix of retail and dining options within and around the community:

• Mahogany Village Market – A central retail hub featuring grocery stores, restaurants, coffee shops, and essential services.

• Auburn Bay & Seton Shopping Centers – Located nearby, providing big-box retailers, clothing stores, and entertainment options.

• Future Urban Village Development – Planned expansions will bring more boutique shops, dining experiences, and professional services.

With its thriving real estate market, premier lake amenities, and growing retail infrastructure, Mahogany remains one of Calgary’s most desirable communities for homebuyers and investors.

Real Estate Market Trends

• Sales Activity: 11 total residential sales in January, reflecting a 15% decrease year-over-year.

• New Listings: 15 new listings, a 7% increase compared to January 2024.

• Inventory: 9 available homes, down 31% from the previous year.

• Benchmark Price: $875,700 for total residential properties, up 3.7% year-over-year.

• Months of Supply: 0.82 months, indicating a strong seller’s market.

Detached Homes 🏡

• Benchmark Price: $1,239,600 (6% Y/Y increase)

• Sales Activity: 4 sales, down 43% year-over-year.

• New Listings: 8 new listings, a 14% increase from January 2024.

• Inventory: 5 active listings, indicating a low supply compared to demand.

• Market Trend: Despite rising prices, detached home sales slowed due to affordability concerns and limited supply.

Row Homes (Townhouses) 🏘️

• Benchmark Price: $544,000 (up 9% Y/Y)

• Sales Activity: 4 sales, up 100% compared to last year.

• New Listings: 5 new listings, a 67% increase from January 2024.

• Inventory: 3 active listings, making it a competitive market.

• Market Trend: Strong demand for affordable housing options has driven up both prices and sales in the row-home sector.

Apartments (Condos) 🏢

• Benchmark Price: $429,800 (up 9% Y/Y)

• Sales Activity: 3 sales, the same as last year.

• New Listings: 2 new listings, down 33% from January 2024.

• Inventory: 1 active listing, reflecting a tight market with very few options available.

• Market Trend: Demand remains stable, but low new listings and inventory constraints are driving up prices.

Local Amenities

• Schools: Aspen Woods is known for top-rated schools such as Webber Academy, Calgary Academy, and Rundle College. Public school options include Dr. Roberta Bondar School and Ernest Manning High School.

• Public Transit: The nearest LRT station is 69th Street Station, providing direct access to downtown Calgary. Bus routes also serve the area for added convenience.

• Shopping & Lifestyle: Aspen Landing Shopping Centre offers various retail stores, dining, and professional services. Westhills and Signal Hill shopping centers are a short drive away for additional shopping options.

Overall Market Summary

• Total residential price: $875,700 (up 3.7% Y/Y).

• Total sales: 11 homes sold (down 15% Y/Y).

• Months of Supply: 0.82 months, indicating a seller’s market.

Key Takeaways:
✔️ Detached homes remain the most expensive but are seeing fewer transactions due to high prices.
✔️ Row homes (townhouses) are in high demand, with prices and sales both rising.
✔️ Apartments (condos) are appreciating in value but have very limited inventory.
✔️ Semi-detached homes have no movement, likely due to low turnover rates.

The Rangeview real estate market demonstrated steady growth in January 2025, with 15 residential sales, reflecting a 114.3% increase year-over-year. The benchmark residential price climbed to $695,000, marking a 10.3% annual growth.

• Detached Homes: The benchmark price reached $744,999, reflecting a 4.9% annual increase.

• Semi-Detached Homes: Prices rose 10.3% year-over-year to $693,750, with 4 sales recorded.

• Row Homes: Sales were lower, but the median price increased by 7.2% to $560,000.

• Apartments: No apartment sales were recorded in January.

Inventory in Rangeview increased significantly, reaching 24 available units, marking a 213% rise compared to the previous year. New listings surged to 31 (up 121%), bringing the months of supply to 4.8, indicating a balanced-to-buyers market.

Community Hospital Features – South Health Campus

Rangeview benefits from its proximity to South Health Campus, a premier medical facility located in nearby Seton.

• 24/7 Emergency Services – Provides immediate care for critical medical needs.

• Advanced Medical Specialties – Features departments for cardiology, orthopedics, oncology, and neurology.

• Surgical & Trauma Care – Offers state-of-the-art surgical suites and post-operative recovery services.

• Teaching & Research Hub – A key partner with the University of Calgary’s medical faculty, advancing healthcare innovation.

• Wellness & Rehabilitation Programs – Includes mental health support, physiotherapy, and chronic disease management.

Future Outlook

With rising property values, expanding healthcare access, and increasing community development, Rangeview is becoming an attractive location for families, professionals, and investors.

By Joel Schlesinger  •  for the Calgary Herald

More than 60 per cent of new units under construction in November were apartment-style condos. Photo by Brent Calver /Postmedia

Calgary’s resale real estate market is poised for a strong year — though growth will be at a slower pace than recent years — but the threat of tariffs from the United States could dramatically change the outlook as the province’s economy might be thrown into a recession.

That’s the assessment of the Calgary Real Estate Board’s 2025 forecast, which envisions two possible outcomes — one good and one bad for the city’s real estate and economy this year.

“If it wasn’t for this risk, the outlook would have been a little different, probably brighter — though the market is in good shape heading into the year,” says Ann-Marie Lurie, chief economist with CREB.

Indeed, the outlook speaks to strong conditions for the real estate market should tariffs not become an issue.

Sales are expected to remain 20 per cent above the historical average, reflecting the strength of demand in the market, particularly for affordable single-family detached homes.

As well, interest rates are forecast to fall even more this year, expanding purchasing power for prospective buyers.

CREB predicts the city should see more than 26,000 sales this year, though activity will mark a slightly declining trend since the record high of 2022.

Supply is expected to expand with the report adding that increased supply from a record level of new home starts will shift the market into more balance between buyers and sellers. About 29 per cent of the more than 22,600 starts last year were single-family detached homes, but multi-family development has been very robust.

Of all the 23,700 housing unit types under construction in November, 30 per cent were rental and 61 per cent were apartment condo homes.

This activity will likely put downward price pressure on the resale apartment and rental market this year “That’s where we will likely see some adjustments with more choice, which will limit some of the price growth,” Lurie says.

Overall, prices in the resale market are expected to climb, especially for single-family detached homes priced under $1 million. As well, sales are expected to be slightly higher than last year due to rising supply of homes priced above $600,000 and pent-up demand.

Row and semi-detached homes should see modest price and sales growth. Increased supply will likely keep prices from exceeding three per cent growth year over year in all three segments. In contrast, significantly more supply in the apartment market — partly due to new construction — is likely to keep sales strong, but prices could fall about three per cent, CREB forecasts.

Much of the forecast is dependent on what happens south of the border. The report, in turn, also painted a more dire scenario involving the Trump administration implementing tariffs on Canadian exports to the U.S. — including oil and gas, Canada’s largest export to the U.S. — which could be in place as early as Feb. 1.

The forecast notes the tariffs are likely to harm the province’s economy, possibly pushing it into recession, negatively affecting employment and consumer confidence.

The resale market would also be hit, Lurie says

“You’d have all this supply coming on just as demand is negatively affected.” Still, it’s likely that any ill outcome from the tariffs would not send prices below pre-pandemic levels, she adds.

As well, the report notes the tariffs could be fleeting or may never emerge at all. In either case, the housing market would then be on track for a strong year that reflects more balance for buyers and sellers.

“Despite that one risk, market conditions are still pretty good by historical norms,” Lurie says.

For Calgary Real Estate summary in January, please read the link here.

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The Calgary real estate market is expected to maintain its robust performance in 2025, supported by strong population growth, easing lending rates, and improved housing supply. Forecasted sales of over 26,000 units remain 20% above long-term trends, reflecting resilience in housing demand despite economic uncertainties. Price growth is anticipated to moderate, with a citywide annual increase of approximately 3%, compared to 7% in 2024.

Key Economic Drivers

1. Population Growth

   • Population growth in Calgary is projected at 3.1%, down from 5.6% in 2024. Although migration is slowing, it remains a significant driver for housing demand.

   • Alberta’s overall population growth is expected to stabilize at 1.9%, bolstered by both interprovincial and international migration.

2. Economic Stability

   • Alberta's economy is poised for a 2.5% growth rate in 2025, driven by investments in alternative energy, carbon capture, food manufacturing, and AI technologies.

   • A potential easing of international tariffs could amplify economic growth, with stronger-than-expected migration and housing demand as likely outcomes.

3. Employment Trends

   • Employment is forecasted to grow by 2.3% in 2025, with notable gains in construction, retail, healthcare, and education sectors.

   • The unemployment rate is projected to decrease slightly to 7.8% by year-end.

Calgary Market Dynamics

1. Detached Homes

   • Sales Forecast: Detached home sales are expected to grow modestly, supported by easing lending rates and increased supply.

   • Price Growth: Prices are forecasted to rise by 2.9%, down from the 10.8% increase in 2024. Inventory growth in the $600,000+ range will aid in balancing the market.

   • Challenges: Demand in lower price segments may outstrip supply, resulting in localized price pressures.

2. Semi-Detached Homes

   • Demand: Affordability challenges in the detached segment are expected to sustain demand for semi-detached homes, with sales forecasted at 2,400 units.

   • Price Growth: Prices are anticipated to increase by 3.1%, aided by inventory growth and a shift toward balanced conditions.

3. Row Homes

   • Affordability: Demand for row homes will be driven by affordability, particularly in the $400,000–$500,000 range.

   • Inventory: Rising supply will help moderate price growth to 3.4%, compared to 14.2% in 2024.

4. Apartment Market

   • Market Balance: Increased new home completions and easing rental demand will shift the market toward more balanced conditions.

   • Price Growth: Annual price increases are forecasted at 1.8%, with lower-priced units maintaining stronger demand.

Surrounding Areas

1. Airdrie

   • Benchmark price: $642,075 (+9.1% YoY).

   • Rising inventory and record new construction are improving market conditions.

2. Cochrane

   • Benchmark price: $664,625 (+9.0% YoY).

   • Supply constraints continue, but new listings are helping ease market tightness.

3. Okotoks

   • Benchmark price: $693,933 (+9.1% YoY).

   • Persistent inventory shortages are driving price growth.

4. Chestermere

   • Benchmark price: $796,067 (+8.2% YoY).

   • Detached homes dominate the market, with strong demand in semi-detached and row homes.

Risks and Opportunities

1. Downside Risks

   • Prolonged economic uncertainty or broader U.S. tariffs could dampen consumer confidence and housing activity.

   • Rising inventory amid slowing demand might pressure prices in some segments.

2. Upside Risks

   • Faster-than-expected economic recovery and easing tariffs could bolster migration, sales, and price growth.

   • A significant reduction in lending rates could reinvigorate the market, particularly for first-time buyers.

Conclusion

Calgary’s real estate market in 2025 is set to remain resilient, with steady sales and price growth despite moderating economic conditions. The shift toward balanced market dynamics, driven by rising supply and easing demand pressures, indicates a healthier, more sustainable housing environment. 

This forecast report is derived from detailed data provided in the CREB® 2025 Yearly Outlook. Let me know if you’d like further refinements or additional details!

Market Trends

• Total Residential Sales: 9 transactions (10% decrease Y/Y).

• New Listings: 8 new listings (60% increase Y/Y).

• Inventory Levels: 17 active listings (21% increase Y/Y).

• Months of Supply: 1.89 months, indicating a balanced market.

• Price Trends:

  • Detached Homes: $904,900 (10% Y/Y increase).

  • Row Homes (Townhouses): $440,400 (6.7% Y/Y increase).

  • Apartments (Condos): $367,900 (21.4% Y/Y increase).

  • Total Residential Benchmark Price: $654,000 (4.1% increase Y/Y).

Market Insights

• Sales slowed slightly, possibly due to seasonal trends and affordability concerns.

• Inventory and new listings increased, giving buyers more choices.

• Price appreciation remains steady, with apartments showing the highest growth (21.4%).

2024 Annual Real Estate Summary for Signal Hill

1. Sales & Market Activity

   • 229 total residential sales in 2024 (10% decrease Y/Y).

   • 282 new listings (1% decrease Y/Y).

   • Inventory up by 21%, leading to a more balanced market.

2. Price Trends

   • Annual Benchmark Price: $669,608 (10% Y/Y increase).

   • Median Price: $550,000 (14.1% decrease Y/Y).

   • Average Price: $654,654 (6.9% increase Y/Y).

3. Key Market Drivers

   • Strong demand for detached homes, driving price growth.

   • Higher sales in the apartment segment, leading to a sharp price increase.

   • Affordability concerns and rising interest rates influenced a shift toward smaller homes and condos.

Schools in Signal Hill

Signal Hill is a highly desirable neighborhood due to its top-rated schools, family-friendly atmosphere, and excellent amenities.

Public Schools

1. Battalion Park School (K-6)

   • Strong academic programs and high parental involvement.

2. A.E. Cross School (7-9)

   • Focuses on leadership, athletics, and academic excellence.

3. Ernest Manning High School (10-12)

   • Offers Advanced Placement (AP) and Honours Programs.

Catholic & Private Schools

• Holy Name School (K-6, Catholic) – Offers French Immersion and faith-based learning.

• St. Gregory School (7-9, Catholic) – Strong academic and extracurricular programs.

• Rundle College (K-12, Private) – Focuses on personalized learning and leadership development.

📰 Signal Hill Community News & Activities

🎉 Community Engagement on the Rise

• Signal Hill Community Association (SHCA) hosted several well-attended winter events, including:

  • Family Day Winter Carnival at Battalion Park: ice carving, hot chocolate stands, and family games.

  • Community Skating Nights at the outdoor rink saw record turnout due to mild winter evenings.

🏗️ Infrastructure & Development Updates

• Signal Hill Centre Revitalization: Talks are underway for refreshing commercial space and adding green corridors. Anticipated enhancements could boost walkability and real estate interest.

• Transit Enhancements: SW BRT service reliability improvements have shortened commute times to downtown, increasing appeal for working professionals.

🌳 Parks & Lifestyle

• Battalion Park upgrades include new interpretive signage and seasonal LED lighting – a big hit with residents and Instagram alike.

• New fitness and walking clubs have launched through SHCA, adding to the community’s wellness-focused reputation.

2025 Real Estate Market Outlook for Signal Hill

1. More Balanced Market Conditions

   • With rising inventory and slower sales, buyers may have more negotiating power.

2. Continued Price Growth, But at a Slower Pace

   • Detached and apartment prices will likely appreciate, though growth may slow.

3. High Demand for Affordable Housing Options

   • Apartments and row homes will likely continue attracting first-time buyers and downsizers.

4. Impact of Interest Rates

   • Affordability concerns may slow high-end sales, but well-priced homes will remain in demand.

Signal Hill’s real estate market in 2024 saw strong price growth, despite declining sales and rising inventory. The community remains attractive to families and professionals due to excellent schools, amenities, and accessibility. 2025 is expected to bring a more balanced market, with moderate price appreciation.

Market Overview

• Total Residential Benchmark Price: $656,000 (+4.2% Year-over-Year)

• Total Sales: 15 (+67% Y/Y)

• New Listings: 9 (+80% Y/Y)

• Inventory: 9 (+13% Y/Y)

• Months of Supply: 0.60 months (indicating a strong seller’s market)

December saw a notable increase in sales activity (+67% Y/Y), despite a rise in inventory (+13%). The months of supply remained low at 0.60, signaling strong demand and a seller-favored market.

Market Trends:

• Detached Homes

  • Benchmark Price: $731,600 (+9% Y/Y)

  • Sales: 9 (+50% Y/Y)

  • Months of Supply: 1.40

  • Inventory: 5 (+150% Y/Y)

• Semi-Detached Homes

  • Benchmark Price: $599,300 (+10% Y/Y)

  • Sales: 1 (unchanged)

  • Inventory: 1 (unchanged)

• Row Homes

  • Benchmark Price: $476,400 (+4.2% Y/Y)

  • Sales: 3 (+200% Y/Y)

  • Inventory: 2 (unchanged)

• Apartments

  • Benchmark Price: $326,200 (+8.1% Y/Y)

  • Sales: 2 (+100% Y/Y)

  • Inventory: 1

2024 Annual Market Summary for Chaparral

• Total Residential Sales in 2024: 204 (-3% Y/Y)

• New Listings: 241 (+3% Y/Y)

• Benchmark Price: $665,308 (+8.9% Y/Y)

• Median Price: $675,000 (+8% Y/Y)

• Average Price: $675,909 (+11.8% Y/Y)

• Sales-to-New-Listings Ratio: 0.85 (Balanced Market)

In 2024, Chaparral experienced steady price growth (+8.9%), fueled by strong demand for detached homes. Sales remained relatively stable, with only a slight decline (-3%). The inventory increase (+3%) suggests a more balanced market in 2025.

Comparable Market Insight:

Benchmark Prices Comparison (Dec 2024):

• Chaparral: $656,000

• Walden: $619,500

• Legacy: $607,200

• Wolf Willow: $580,900

Chaparral continues to lead in home values compared to nearby communities, reflecting its mature market, established amenities, and lake access appeal.

Sales Activity (Dec 2024):

• Chaparral: 15 sales (+67% Y/Y)

• Walden: 10 sales (-20% Y/Y)

• Legacy: 18 sales (+12% Y/Y)

• Wolf Willow: 22 sales (+40% Y/Y)

Wolf Willow and Legacy saw stronger sales growth compared to Chaparral, likely due to newer developments and affordability.

Conclusion & Outlook for 2025

• Chaparral remains a top choice for buyers seeking an established, family-friendly community with lake access and strong home values.

• Affordability in nearby communities (Walden, Legacy, and Wolf Willow) may shift demand, but Chaparral’s premium status and amenities will continue to attract buyers.

• A balanced market is expected in 2025, with price growth stabilizing and inventory levels increasing.

• Walden and Legacy offer growing competition as they attract buyers seeking affordability and newer homes.

• Wolf Willow’s rapid growth may pressure prices in surrounding areas, but Chaparral’s established market position should maintain its value strength.

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.

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.