Market Overview: In October 2024, Panorama Hills showcased a dynamic real estate market with significant activity across various metrics:

• Sales: 28 properties sold, reflecting a 20% year-over-year (Y/Y) decrease.

• New Listings: 50 new properties listed, marking a 35% Y/Y increase.

• Inventory: 80 units available, a substantial 142% increase Y/Y.

Benchmark Prices by Property Type:

• Detached Homes: $775,100 (+5.7% Y/Y).

• Semi-Detached Homes: $562,200 (+5.9% Y/Y).

• Row Homes: $412,500 (+14.0% Y/Y).

• Apartments: $320,100 (+7.2% Y/Y).

Overall Residential Benchmark Price: $558,900, showing a modest 0.7% increase Y/Y.

Key Market Metrics:

• Months of Supply: 2.86 months, leaning toward a balanced market.

• Sales-to-New-Listings (S/NL) Ratio: 0.56, indicating a steady competition among buyers.

Market Insights:

• The increase in inventory provides more opportunities for buyers to explore available options.

• While sales have slowed slightly, price stability across all property types highlights the neighborhood’s desirability and market resilience.

Community Features: Panorama Hills remains a sought-after neighborhood due to its excellent amenities and family-oriented appeal:

• Recreational Options: Access to green spaces, pathways, and community centers makes Panorama Hills ideal for outdoor enthusiasts.

• Education and Convenience: The area features a variety of schools and is conveniently located near major transportation routes and shopping hubs.

• Community Spirit: The neighborhood fosters a sense of belonging with regular events and initiatives aimed at enhancing resident experiences.

Panorama Hills continues to maintain its status as a preferred destination for families and individuals, combining strong market performance with an outstanding quality of life.

In October 2024, Signal Hill’s real estate market experienced a steady performance with 20 total residential sales, reflecting a slight year-over-year (Y/Y) decline of 5%. Here’s a breakdown of key trends:

Sales and Inventory

• Sales: Total residential sales stood at 20, with 8 detached homes and 10 apartment units dominating the activity. Semi-detached and row homes saw minimal activity, with semi-detached sales dropping to zero.

• Inventory: Total inventory increased by 86% Y/Y to 39 units, contributing to a more balanced market.

• New Listings: A total of 28 new listings were added, a 22% increase from October 2023.

Benchmark Prices

• Overall: The total residential benchmark price for Signal Hill reached $664,300, up 5.5% Y/Y.

• Detached Homes: The benchmark price for detached homes stood at $912,000, showing a 4.8% Y/Y increase.

• Apartment Condominiums: Benchmark prices for apartments rose to $375,200, reflecting an 8.7% Y/Y growth.

• Row Homes: The benchmark price for row homes was $458,600, up 9.7% Y/Y.

• Semi-Detached Homes: No transactions occurred this month, limiting available price trend data.

Market Conditions

• Months of Supply: The months of supply increased to 1.95, signaling a more balanced market compared to previous months with tighter conditions.

• Sales-to-New-Listings (S/NL) Ratio: The S/NL ratio stood at 71%, indicating a moderate absorption rate.

• Days on Market (DOM): Average DOM increased slightly to 22 days, aligning with seasonal trends.

Observations
Signal Hill’s market in October 2024 reflects stability with modest price gains across most segments and increased inventory supporting more balanced conditions. Detached homes and apartments remain the primary drivers, while row homes also show strong price growth.

Calgary Real Estate Market Report - OCT 2024

Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month. “Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller's market conditions in the lower to mid-price ranges of each property type.”

The gains in new listings relative to sales over the past six months have supported inventory gains in the city. As of October, 4,966 units were available, a significant improvement over the near-record low of 3,205 units reported last October. While inventories are starting to reach levels more consistent with long-term trends, the inventory composition has changed as nearly half of all the residential inventory is now priced above $600,000.

Adjustments in supply are helping move the market away from the tight market conditions experienced in the spring. However, conditions remain relatively tight, with 2.3 months of supply and a 67 per cent sales-to-new listings ratio, and the months of supply does vary significantly by price range and property type. For example, detached homes priced below $700,000 are reporting less than two months of supply, while homes priced over $1,000,000 are reporting over three months of supply. This is likely resulting in different price pressures depending on price range and property type.

Overall, the total residential benchmark price was $592,500 in October, over four per cent higher than last October and on a year-to-date basis, averaging over eight per cent higher than last year's levels. The unadjusted benchmark prices did ease slightly over last month due to seasonal factors, as seasonally adjusted prices remained relatively stable in October compared to September.

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Overview

In October 2024, Auburn Bay in SE Calgary saw significant activity in its real estate market, reflecting both a strong demand and notable price increases across different property types. This report provides a detailed analysis of the residential market performance, including price trends, inventory levels, and sales statistics.

Market Snapshot

• Average Home Price: $631,600.00

• Median Home Price: $610,000

• Price Range: $370,000 to $1,435,000

• Average Days on Market: 23

• Total Residential Sales: There were 31 total residential property sales in October, a 63% increase year-over-year (Y/Y).

• New Listings: New listings increased by 34% Y/Y, totaling 47 for the month.

• Inventory: The total residential inventory stood at 60, marking a 19% increase from October 2023.

• Months of Supply: The overall months of supply reached 1.94, indicating a somewhat balanced market, though leaning towards a seller's market in specific property types due to low supply.

Property Type Analysis

1. Detached Homes

   • Sales: 16 detached homes were sold, a remarkable 129% increase Y/Y.

   • Benchmark Price: $803,100, reflecting a 9% rise from the previous year.

   • New Listings: 23 new listings, marking a 44% increase Y/Y.

   • Months of Supply: 1.17, indicative of a competitive seller's market for detached properties.

2. Semi-Detached Homes

   • Sales: Sales remained stable with 3 units sold, the same as October 2023.

   • Benchmark Price: $520,800, up by 10% Y/Y.

   • New Listings: 6 new listings, a 100% increase compared to the previous year.

   • Months of Supply: 0.61, showing strong demand and limited supply in this segment.

3. Row Houses

   • Sales: Sales reached 9 units, an 80% increase Y/Y.

   • Benchmark Price: $465,300, up by 15% from October 2023.

   • New Listings: There were 10 new listings, marking a 150% increase Y/Y.

   • Months of Supply: 0.97, maintaining a tight supply level for row homes.

4. Apartment Condos

   • Sales: Apartment sales decreased, with only 3 units sold (a 25% decline Y/Y).

   • Benchmark Price: $377,300, a significant 18% increase Y/Y, likely due to the scarcity of available inventory.

   • New Listings: New listings decreased to 8, a 33% drop from the previous year.

   • Months of Supply: High at 6.33, indicating a slower-paced buyer's market.

Price Trends and Affordability

The benchmark price for total residential properties in Auburn Bay averaged $631,600, marking a 6% increase from the prior year. Across all property types, detached homes continued to command the highest prices, while apartment condos remained the most affordable.

Price Distribution

• A majority of detached home sales occurred in the $700,000–$999,999 price range.

• Row houses and semi-detached homes typically fell in the $400,000–$599,999 range, appealing to middle-market buyers.

• Apartment sales were concentrated below $400,000, catering to entry-level and investment buyers.

Auburn Bay’s real estate market in October 2024 reflected strong demand, particularly for detached, semi-detached, and row houses. Increased sales and rising prices across most segments indicate robust buyer interest. Apartment condos, however, faced softer demand, likely due to higher months of supply. The market dynamics suggest Auburn Bay remains attractive for both homeowners and investors, with low months of supply in several categories signaling continued demand-driven price support.

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Overview: Copperfield in SE Calgary displayed a balanced real estate market in October 2024, with consistent demand and price growth, making it appealing for buyers and investors alike. The area, known for its family-friendly vibe, amenities, and green spaces, continued to attract steady interest despite seasonal cooling.

Market Activity:

• Sales: Total residential sales were recorded at 26 properties, marking a 30% decline year-over-year, likely influenced by increased inventory and a typical seasonal slowdown.

• New Listings: A total of 43 new listings were added in October, reflecting a 23% year-over-year increase, giving buyers more options and pushing inventory levels higher.

• Months of Supply: Copperfield saw a months-of-supply level at 1.73, up significantly by 96% from last year, indicating a shift toward a more balanced market.

• Average days on the market: 22 days

Price Trends:

• Detached Homes: 10 SOLD, $499,988 - $868,500. The benchmark price for detached homes reached $647,800, up by 8% year-over-year, indicating strong demand for single-family residences. Average days on the market was 12 days.

• Semi-Detached and Row Homes: 7 SOLD, $423,500 - $473,000. Semi-detached data was not reported; however, row homes averaged $446,800, showing an 8% annual increase. Average days on the market was 34 days.

• Apartments: 9 SOLD, $230,000 - $354,900. The benchmark price for apartments rose to $356,300, a 5.4% increase from last year, reflecting a stable demand for more affordable housing options. Average days on the market was 23 days.

• Overall Residential: The total residential benchmark price in Copperfield was $529,000, up by 5.4% year-over-year, showcasing steady market appreciation across all segments.

Buyer and Seller Dynamics:

• Buyers: With a moderate inventory increase and stable prices, buyers have an expanded selection, though popular detached homes are still highly sought after.

• Sellers: Well-maintained properties, especially detached homes, continue to be in demand. Sellers are encouraged to price competitively to attract the season’s remaining buyer interest.

Conclusion: The Copperfield market in October 2024 displayed resilience, with positive price trends across housing types despite a seasonal sales dip. As we move further into the fall and winter months, the increased inventory and stable pricing provide balanced opportunities for both buyers and sellers​.

Market Overview

In October 2024, Chaparral's real estate market saw 14 residential sales, a 17% increase year-over-year (Y/Y), signaling sustained buyer interest. New listings also grew 13% Y/Y to 17 properties, increasing inventory by 25% Y/Y to 20 active listings.
The benchmark price for total residential properties was $665,900, up 4.7% Y/Y, reflecting ongoing price growth despite rising inventory.

Market Trends:

1. Detached Homes

   • Sales: 10 (↑11% Y/Y)

   • New Listings: 15 (↑15% Y/Y)

   • Benchmark Price: $741,400 (↑7% Y/Y)

   • Months of Supply: 1.70, indicating a balanced market for detached homes.

2. Semi-Detached Homes

   • Sales: 0 (No activity)

   • Benchmark Price: $610,300 (↑9% Y/Y)

   • The semi-detached market had no sales in October, reflecting low transaction volume in this segment.

3. Row/Townhomes

   • Sales: 3

   • Benchmark Price: $482,200 (↑7% Y/Y)

   • Townhomes remain an attractive option for affordability, with moderate sales activity.

4. Apartments

   • Sales: 1

   • Benchmark Price: $337,200 (↑5% Y/Y)

   • Condo sales continue at a slow but steady pace, with prices gradually increasing.

Community Features & Lifestyle

• Lake Access & Outdoor Living: Chaparral is known for its lake community, offering private beaches, fishing, boating, and scenic walking paths, making it desirable for families and outdoor enthusiasts.

• Schools: The neighborhood offers access to top-rated schools, including Chaparral School (K-6), St. Sebastian Catholic School (K-6), and Centennial High School, attracting families seeking quality education.

• Transportation & Accessibility: Easy access to MacLeod Trail, Stoney Trail, and public transit routes makes commuting to downtown Calgary or other areas convenient.

• Amenities & Shopping: Chaparral residents enjoy local shopping plazas, restaurants, and services, with nearby options at Shawnessy Shopping Centre and Seton Urban District.

Real Estate Outlook

• Balanced Market Expected: Increasing inventory levels may create more buying opportunities, shifting away from extreme seller’s market conditions.

• Price Growth to Continue: Benchmark prices have shown steady increases across all property types, suggesting ongoing demand.

• Stronger Demand for Detached Homes: This segment remains the most active, and prices are expected to appreciate further.

• Affordability & Interest Rates: The real estate market will depend on mortgage rate trends, which may impact sales volume and affordability in early 2025.

Chaparral remains a highly sought-after lake community, with steady home price appreciation and increasing sales activity. With strong amenities, schools, and outdoor living perks, it continues to attract families and professionals alike. While inventory is growing, demand remains strong, positioning the neighborhood for sustained real estate growth into 2025.

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.

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.

Market Trends

The real estate market in Coventry Hills for October 2024 exhibited the following key trends:

• Detached Homes: The benchmark price for detached homes was $604,100, marking a 10% year-over-year (Y/Y) increase.

• Semi-Detached Homes: The benchmark price for semi-detached homes rose to $530,300, reflecting a 9% Y/Y increase.

• Row/Townhouses: Row homes experienced a 15% Y/Y increase, with a benchmark price of $385,600.

• Apartments: No benchmark price was recorded for apartments in this period.

Property Sales and Inventory

• Total Sales in October: 12 properties were sold, representing a 48% decrease from the previous year.

• New Listings: 18 new listings entered the market, an 18% decrease year-over-year.

• Inventory: The total active inventory stood at 25 properties, a 39% increase from October 2023.

• Months of Supply: The months-of-supply ratio increased to 2.08, indicating a more balanced market compared to previous months​.

Community Features

Schools

Coventry Hills is a family-friendly neighborhood with access to multiple educational institutions, including:

• Northern Lights School

• Coventry Hills School

• Nose Creek School

• St. Clare School (Catholic)

These schools cater to students from elementary to middle school, with high school options available in nearby communities.

Transportation

• Public Transit: Coventry Hills is well-served by Calgary Transit bus routes that connect residents to major transit hubs.

• Road Access: The community offers quick access to Stoney Trail, Deerfoot Trail, and Country Hills Boulevard, providing easy commuting to downtown and other parts of the city.

Shopping & Amenities

Residents enjoy close proximity to a variety of shopping centers, including:

• Country Hills Town Centre: Featuring grocery stores, restaurants, and retail outlets.

• CrossIron Mills: A major shopping mall just a short drive away, offering a wide range of stores and entertainment options.

• Coventry Hills Plaza: A local shopping area with essential services like medical clinics, fitness centers, and dining options.

Recreation & Parks

• Vivo for Healthier Generations: A large recreation center offering swimming, fitness, and community programs.

• Rotary-Mattamy Greenway: Extensive walking and biking trails surrounding the community.

• Nose Creek Park: A popular green space for outdoor activities and family gatherings.

Coventry Hills remains an attractive neighborhood due to its affordable housing options, strong community amenities, and excellent access to schools and transportation. While sales have declined, rising property prices and increased inventory suggest that demand remains steady. Buyers looking for a family-friendly environment with convenient shopping and recreational options will find Coventry Hills a desirable place to live.

The Silverado real estate market remained strong in October 2024, driven by steady demand across various property types. Sales increased by 111% year-over-year, indicating a highly active market. Inventory levels rose by 65%, suggesting more options for buyers but still maintaining a seller’s market.

Benchmark Prices

• Detached Homes: $650,300 (↑17% YoY)

• Semi-Detached Homes: $635,900 (N/A due to low inventory)

• Row Homes (Townhouses): $485,400 (↑13% YoY)

• Apartments (Condos): $377,600 (↑6% YoY)

• Total Residential Benchmark Price: $582,900 (↑6.2% YoY)

The price appreciation across all property types indicates a competitive market, with townhouses showing the highest growth among non-detached housing.

Property Type Breakdown

Detached Homes

Detached homes in Silverado continue to be the most sought-after property type. With a benchmark price of $650,300, the segment saw a 17% increase from the previous year, reflecting strong demand.

• Sales: 12 transactions in October 2024 (↑100% YoY)

• Inventory: 15 active listings (↑200% YoY)

• Months of Supply: 1.74 months (down from 2.1 months in 2023)

• Market Trend: Low supply and high demand are pushing prices upward.

Semi-Detached Homes

Semi-detached homes remain a small but desirable segment in Silverado, with limited transactions due to low availability. The benchmark price reached $635,900, showing price stability.

• Sales: No recorded sales in October 2024

• Inventory: 1 listing (↓75% YoY)

• Market Trend: High demand but very low supply, making these homes rare in Silverado.

Row Homes (Townhouses)

Townhouses experienced significant growth, becoming a strong alternative for buyers priced out of detached homes. The benchmark price of $485,400 represents a 13% YoY increase.

• Sales: 4 transactions in October 2024 (↑100% YoY)

• Inventory: 8 active listings (↑167% YoY)

• Market Trend: Rapid appreciation, indicating growing interest in townhomes.

Apartments (Condos)

The apartment sector remained the most affordable entry point into Silverado, with a benchmark price of $377,600 (↑6% YoY).

• Sales: 3 transactions in October 2024 (↑200% YoY)

• Inventory: 1 active listing (↓50% YoY)

• Market Trend: Limited supply is keeping condo prices stable with gradual appreciation.

Schools & Education

Silverado is well-served by reputable schools, making it a desirable area for families. The community has access to Ron Southern School (K-6) and Holy Child School (K-9), offering strong academic and extracurricular programs. High school students typically attend nearby All Saints High School or Centennial High School. The area also benefits from proximity to several post-secondary institutions within Calgary.

LRT & Public Transportation

Transportation options continue to improve in Silverado. While the community is not directly served by an LRT station, residents benefit from nearby access to the Somerset-Bridlewood LRT Station, which provides a direct route to downtown Calgary. Additionally, efficient bus routes and planned future transit expansions will further enhance connectivity.

Shopping & Amenities

Residents enjoy a variety of shopping options within and near Silverado. The Shawnessy Shopping Centre, located minutes away, offers major retailers, grocery stores, and dining options. Silverado also features local conveniences such as Sobeys, cafes, and fitness centers. For more extensive shopping, Southcentre Mall and the new developments in Seton are easily accessible.

Community Features & Lifestyle

Silverado is known for its peaceful suburban feel, complemented by abundant green spaces and walking paths. The community backs onto the Spruce Meadows Equestrian Facility, adding a unique charm to the area. Residents appreciate the outdoor lifestyle, with parks, playgrounds, and connections to Calgary’s extensive pathway network. Silverado also fosters a strong community spirit, with events and activities organized by the Silverado Community Association throughout the year.

Key Takeaways for Buyers & Sellers

• For Buyers: Silverado remains a competitive market, particularly for detached and townhouses. Buyers should be prepared for bidding wars and quick sales in popular property segments.

• For Sellers: The low inventory and strong demand make this an ideal time to sell, with prices rising steadily. Properly priced homes are selling quickly and at strong prices.

Overview

As of October 2024, the Seton community in Southeast Calgary continues to show a dynamic real estate landscape. Known for its modern amenities, proximity to the South Health Campus, and vibrant community spirit, Seton remains a desirable location for both first-time homebuyers and families.

Market Trends

Sales Activity

• Total Sales: In October 2024, Seton recorded a total of 25 residential sales, reflecting a 7.4% decrease from the previous year. This may because of the price increase in the area.

• Average Days on Market: Homes in Seton are selling faster, with an average of 39 days on the market, down from 31 days in September.

Pricing

• Median Home Price: The median sale price for homes in Seton is currently $475,600, which is a 7.4% increase compared to October 2023. This upward trend signifies the community’s growing appeal and the competitive nature of the market.

• Price Range:

  8 SOLD Detached houses: $645,000 - $885,000;

  4 SOLD Townhouses: $237,000(Bungalow style) - $506,586;

  13 SOLD Apartments: $287,000 - $490,000.

Inventory

• Active Listings: As of the end of October, there are 72 active listings in Seton. This represents a balanced market, with inventory levels sufficient to meet current demand.

• New Listings: There were 44 new listings added in October, indicating a healthy turnover of properties.

Community Highlights

Seton was established in 2018 however construction began on some amenities several years prior, when completed, will include a mixture of residential and business development, and will be served by a proposed southeast leg of the city's C-TRAIN system, also known as the Green Line. Seton is home to the 44-acre (180,000 m2) South Health Campus, a major hospital for the Calgary Region, which opened in 2011. (Wikipedia.org)

Conclusion

Overall, the real estate market in Seton SE Calgary remains strong and resilient as of October 2024. With increasing sales and a steady rise in home prices, the community continues to be a popular choice for buyers. The combination of desirable amenities, a family-friendly atmosphere, and robust market activity suggests a promising outlook for the upcoming months.

Recommendations for Buyers and Sellers

• Buyers: Given the current competitive market, potential buyers should be prepared to act quickly and consider making offers above asking price in highly desirable properties.

• Sellers: For those considering selling, staging homes and competitive pricing will be key to attracting buyers and securing timely sales.

For more detailed insights or personalized advice, feel free to reach out!

Market Trends:

• Detached Homes: The benchmark price for detached homes in Royal Oak reached $797,500, reflecting a 7.7% year-over-year increase.

• Semi-Detached Homes: The data for semi-detached homes was not available.

• Row Houses: The benchmark price for row houses was $489,700, an increase of 12.2% from the previous year.

• Apartments: The benchmark price for apartments rose to $334,800, reflecting a 3.7% year-over-year increase.

• Total Residential Market: The overall benchmark price for residential properties was $622,400, a 3.8% increase from last year.

Sales and Inventory

• Total residential sales for October 2024 were 12, an 8% decrease compared to last year.

• Inventory levels increased to 31 active listings, marking a 19% increase.

• New listings rose to 19, a 19% increase compared to last year.

• Months of supply increased to 2.58, indicating a balanced market, though trending towards a buyer’s market.

Community Features

• Schools: Royal Oak is home to reputable schools, including Royal Oak School (K-3) and William D. Pratt School (Grades 4-9). Nearby, Robert Thirsk High School serves older students.

• Transportation (LRT & Transit): The community is well-connected to public transit, with easy access to the Tuscany CTrain Station, providing a direct link to downtown Calgary.

• Shopping & Amenities: Royal Oak residents have convenient access to Royal Oak Centre, featuring grocery stores, retail shops, and dining options. Beacon Hill Shopping Centre is also nearby, offering big-box retailers.

• Community & Outdoor Spaces: The area is known for its green spaces, walking trails, and parks, making it attractive for families and outdoor enthusiasts.

The Royal Oak real estate market in October 2024 showed continued price growth across property types, with increased inventory and slower sales indicating a possible shift towards a more balanced or buyer-friendly market in the coming months. The community remains a desirable location due to its strong amenities, schools, and transit options.