Market Highlights:

• Sales Activity: Tuscany recorded 21 total residential sales, a 5% decrease year-over-year (Y/Y).

• Price Trends:

  • The benchmark price for all residential property types rose by 7.9% Y/Y, reaching $704,700.

  • Detached homes had a benchmark price of $780,400, a 4.5% Y/Y increase.

  • Row homes saw a benchmark price of $481,700, reflecting a 13.5% Y/Y increase, while apartments reached $438,500, up by 9.4% Y/Y.

• Inventory Levels: Inventory expanded by 39% Y/Y to 25 active listings, indicating growing options for buyers.

• New Listings: The community saw 22 new listings, down 24% Y/Y.

• Months of Supply: Increased to 1.19 months, suggesting the market is still favorable to sellers but slightly more balanced than before.

Community Features:

Tuscany, located in Calgary’s northwest, is a highly desirable neighborhood offering a mix of urban amenities and natural surroundings. Community highlights include:

• Parks and Outdoor Activities: Tuscany provides residents with access to extensive walking trails, playgrounds, and green spaces, including the Tuscany Club and proximity to Nose Hill Park.

• Family-Friendly Environment: The neighborhood is known for excellent schools, community programs, and child-friendly infrastructure, making it ideal for families.

• Convenient Amenities: Shops, restaurants, and services are conveniently located, with easy access to major roads and public transit for commuting.

October 2024 saw Tuscany continue to demonstrate robust demand, particularly in the detached and row home segments. With its vibrant community atmosphere and rising property values, Tuscany remains a top choice for Calgary homebuyers.

Would you like more details on specific property types or comparisons with other neighborhoods?

In October 2024, Varsity recorded 28 residential sales, an 87% increase year-over-year, reflecting strong market activity. New listings totaled 41 properties, up 95% from October 2023, with a sales-to-new-listings ratio of 68%, indicating a competitive market. Inventory rose to 49 homes, a 96% increase year-over-year, leading to 1.75 months of supply, suggesting a market favoring sellers.

Pricing Trends:

The benchmark price for all residential property types in Varsity was $567,500, a 3.1% increase year-over-year. Detached homes had the highest benchmark price at $915,200, while row homes and apartments were priced at $515,300 and $289,600, respectively. Semi-detached homes saw no new sales this month.

Community Features:

Varsity remains one of Calgary’s most sought-after neighborhoods due to its appealing blend of amenities and location advantages:

• Proximity to University of Calgary: Popular among families and students.

• Abundance of Green Spaces: Parks, walking trails, and recreational areas add to its charm.

• Access to Shopping and Dining: Located near Market Mall and other shopping centers.

• Transport Links: Excellent connectivity via major roads and public transit.

• Highly Rated Schools: A preferred choice for families with school-aged children.

The market dynamics and community features make Varsity a prime area for homebuyers and investors seeking stability and growth.

Market Overview

As of October 2024, the real estate market in Rangeview, SE Calgary, is exhibiting positive trends characterized by increasing demand and stable pricing. This vibrant community continues to attract homebuyers due to its appealing amenities, family-friendly environment, and strategic location.

Key Market Statistics

• SOLD Home Price: $865,000-$874,999.94

  • An decrease of approximately 50% compared to October 2023.

• Home Sales:

  • ONLY 2 homes sold in the past month, representing a 52% increase year-over-year as the price of the houses were sold at higher price range.

• Current Listings:

  • 25 active listings, indicating a balanced market with options for various buyers.

• Days on Market:

  • Homes are selling quickly, with an average of 53 days on the market before receiving offers.

Buyer Demographics

The buyer demographic in Rangeview is primarily composed of young families, professionals including medical industry, and first-time homebuyers. The community's parks play a significant role in attracting families, while its modern amenities appeal to professionals seeking a suburban lifestyle.

Community Highlights

• Calgary's First Garden-to-Table Community

• Local Lifestyle: ​​​​Just 5 minutes from home, groceries, shops, restaurants, a movie theatre and even the world’s largest YMCA await.

• Community Gardens Gardens, orchards and greenhouses create opportunities for residents to learn about food planting, growing and harvesting.

• Parks & Pathways There's room to roam on scenic pathways circling wetlands, plus green spaces, playgrounds, sports fields & more.

• Urban Village Places to shop, dine and relax – Rangeview will have it all, with over 10 acres of quaint, walkable commercial areas.

Future Outlook

Looking ahead, Rangeview is expected to maintain its upward trajectory in real estate. Planned developments, including new retail spaces and additional parks, will likely enhance the quality of life for residents and increase property values.

• New Developments: Anticipated commercial developments are set to increase local shopping options and services.

• Infrastructure Improvements: Continued investment in infrastructure will improve accessibility and enhance the overall living experience.

Conclusion

The real estate market in Rangeview SE Calgary is strong and continues to thrive as a desirable community for buyers. With steady price growth, an array of amenities, and ongoing developments, Rangeview is well-positioned for future growth. For potential buyers and investors, now is an excellent time to consider opportunities in this vibrant neighborhood.

For further details or specific inquiries regarding listings, feel free to reach out!

Alpine Park’s real estate market in October 2024 showcased a relatively low level of activity with 1 total residential sale, a 50% year-over-year (Y/Y) decline. The community continues to develop its unique position in Calgary’s market with inventory and supply changes shaping the dynamics.

Key Highlights

• Sales: Only 1 residential sale was recorded, reflecting the ongoing establishment of market demand in this newly developed area.

• New Listings: 6 new properties entered the market, a 50% increase compared to October 2023.

• Inventory: Increased significantly to 14 units, a 56% Y/Y rise.

• Benchmark Price: The total residential benchmark price stood at $639,600, down 2.7% Y/Y, reflecting softer market conditions.

Community Features
Alpine Park, located in Calgary’s southwest, is a master-planned community designed to offer modern urban amenities and close connections to nature. With extensive green spaces, parks, and a pedestrian-friendly layout, it attracts families and professionals looking for a harmonious blend of convenience and outdoor living. Residents benefit from proximity to major routes like Stoney Trail and amenities in nearby communities, making Alpine Park a desirable area for future growth and investment.

Market Dynamics

• Months of Supply: A dramatic rise to 14 months of supply indicates a strong buyer’s market, influenced by the higher inventory relative to the single sale this month.

• Sales-to-New-Listings Ratio (S/NL): At 17%, the ratio reflects low absorption, indicative of slower demand for the area.

Observations
Alpine Park remains an emerging market within Calgary, with its innovative community design laying the foundation for long-term appeal. The October 2024 performance suggests opportunities for buyers looking to invest in a growing area at competitive prices. Enhanced marketing and community engagement may help stimulate activity in the coming months.

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Evergreen’s real estate market remained strong and stable in October 2024, with price appreciation across all property types.

• Total Residential Benchmark Price: $617,700 (⬆ 2.8% YoY)

• Detached Homes: $749,400 (Stable YoY)

• Semi-Detached Homes: $547,100 (⬆ 11.6% YoY)

• Row/Townhouses: $433,100 (⬆ 13.7% YoY)

• Apartments: $347,400 (⬆ 10.6% YoY)

Sales & Inventory

• Total Sales: 30 properties sold

• New Listings: 35

• Inventory: 48 properties available

• Months of Supply: 1.60, indicating a balanced market

Evergreen continues to experience moderate demand, with low inventory levels supporting price increases​.

Community Features

Evergreen is a family-friendly neighborhood known for its green spaces, recreational facilities, and accessibility.

• Fish Creek Provincial Park: One of the largest urban parks in North America, offering hiking, biking, and picnic areas.

• Pathway Network: Extensive walking and cycling paths connecting the community to surrounding areas.

• Retail & Shopping:

  • Shawnessy Shopping Centre provides access to major retailers.

  • Local shops, grocery stores, and restaurants serve residents.

• Recreation:

  • South Fish Creek Recreation Complex offers a gym, rinks, and a library.

  • Nearby golf courses for outdoor enthusiasts.

With rising home values, excellent amenities, and green spaces, Evergreen remains a desirable community for families and professionals.

Market Trends:

• Total Residential Market:

  • Sales: 12 transactions (29% decrease year-over-year).

  • New Listings: 14 properties listed (22% decrease from October 2023).

  • Inventory: 26 active listings (15% lower than last year).

  • Benchmark Price: $477,400 (0.2% decrease year-over-year).

  • Months of Supply: 2.17 months (indicating a balanced market).

• Detached Homes:

  • Sales: 5 homes sold (no change from October 2023).

  • New Listings: 5 properties listed (17% decrease year-over-year).

  • Benchmark Price: $728,700 (11% annual increase).

  • Inventory: 13 active listings.

• Semi-Detached Homes:

  • Sales: No sales recorded.

  • New Listings: No new listings available.

  • Benchmark Price: $479,900 (14% annual increase).

  • Inventory: No active listings available.

• Row Homes:

  • Sales: 3 transactions (50% decrease year-over-year).

  • New Listings: 2 properties listed.

  • Benchmark Price: $349,400 (15% annual increase).

  • Inventory: 2 active row home listings.

• Apartments:

  • Sales: 4 apartments sold (33% decrease from October 2023).

  • New Listings: 6 units listed (33% decrease year-over-year).

  • Benchmark Price: $247,900 (17% annual increase).

  • Inventory: 11 active units.

  • Months of Supply: 2.60 months (indicating a relatively balanced market).

Schools in Dalhousie:

• Public Schools: Dalhousie School (K-6), West Dalhousie School (K-6), and Sir Winston Churchill High School.

• Catholic Schools: St. Dominic School (K-6) and St. Francis High School.

• Other Educational Facilities: Nearby access to the University of Calgary and multiple preschools and daycare centers.

LRT & Transportation:

• Dalhousie LRT Station: Provides direct access to downtown Calgary and other parts of the city via the Red Line.

• Bus Routes: Several bus routes connect Dalhousie to key locations, including Brentwood and Crowfoot.

• Major Roads: Easy access to Crowchild Trail and Shaganappi Trail enhances commuting convenience.

Community Features & Amenities:

• Recreation & Parks: Dalhousie Community Association offers programs, sports, and events for residents. Multiple parks and pathways provide outdoor recreation opportunities.

• Shopping & Dining: Close to Northland Village Mall, Market Mall, and Dalhousie Station for shopping and dining.

• Healthcare: Nearby medical clinics and easy access to Foothills Medical Centre and Alberta Children's Hospital.

Market Outlook:

• Demand for detached homes remains strong, contributing to rising prices.

• The semi-detached market remains limited in availability, leading to a seller-favored segment.

• Row homes and apartments are experiencing mixed trends, with steady price increases but declining sales.

• Improved inventory levels could lead to more balanced conditions in the coming months.

Dalhousie remains a desirable community with its blend of housing options, excellent schools, LRT access, and strong amenities, making it an attractive choice for buyers and investors.

Market Trends:

• Detached Homes

  • Sales: 5 (same as September, no Y/Y change)

  • Inventory: 4 units (-56% Y/Y, down from 8 in September)

  • Benchmark Price: $586,500 (+7.7% Y/Y, +0.4% from September)

  • Months of Supply: 0.83, similar to September, indicating continued seller’s advantage

• Semi-Detached Homes

  • No sales in October (same as September)

  • Inventory remained at 0 units

  • Benchmark Price: $554,100, up 18.4% Y/Y, but slightly lower than September's $560,000

• Row Homes

  • No sales in October (compared to 1 sale in September)

  • Inventory: 1 unit, stable

  • Benchmark Price: $409,700 (+9.9% Y/Y, compared to $412,000 in September)

• Apartments

  • Sales: 7 (+75% Y/Y, compared to 4 in September)

  • Inventory: 2 units (-33% Y/Y, stable from September)

  • Benchmark Price: $348,400, up 10.5% Y/Y, slightly up from $347,000 in September

Overall Market Comparison

Market Insights

• Sales remained strong but dipped slightly from September, reflecting seasonal adjustments.

• New listings dropped sharply (-56%), tightening supply and fueling price stability.

• Prices held steady or increased slightly across all property types, indicating continued demand.

• Low months of supply (0.83) highlights a strong seller’s market.

Community Features & Outlook

Millrise remains a highly desirable neighborhood due to its proximity to transit, parks, and amenities. With supply tightening, prices are expected to hold steady or increase in the coming months.

Compared to previous months, October 2024 saw a decrease in new listings and stable pricing, keeping competition high for buyers. Expect continued seller advantages as we move into the winter months.

Overview

McKenzie Towne SE, a master-planned community in Calgary, saw a steady real estate market in October 2024 with sustained demand and price growth across residential property types. The community remains highly desirable due to its family-friendly environment, charming village-style layout, and access to amenities and green spaces.

Sales Activity

In October 2024, McKenzie Towne recorded 33 property sales, marking a slight year-over-year increase of 3%. New listings matched last year's levels with 35 homes entering the market, resulting in a balanced sales-to-new-listings ratio of 0.94. Inventory levels rose slightly to 39 active listings, giving the community a months-of-supply measure of 1.18—indicating continued demand for available properties.

Pricing Trends

The benchmark property price in McKenzie Towne reached $503,200, showing a healthy 6.4% increase over October 2023. The market showed gains across all housing categories:

• Detached Homes: Benchmark price of $650,200 with a modest increase of 3.1% YoY.

• Semi-Detached: Benchmark price of $482,500.

• Row Houses: Benchmark price of $432,900.

• Apartments: Benchmark price of $343,000, marking a notable 9.7% increase YoY.

Overall, the median price for residential properties in McKenzie Towne rose to $500,000, reflecting a 21.2% increase. The average property price reached $516,221, a rise of 19.4%, showing strong buyer demand and price appreciation across housing types.

Market Dynamics

McKenzie Towne’s market remains competitive, with properties moving relatively quickly. The demand reflects the neighborhood’s appeal to families, professionals, and retirees alike due to its range of home styles, community-focused amenities, and the popular High Street retail area. The low months of supply underscores the neighborhood’s position in a seller’s market, which has been consistent throughout 2024.

Summary

McKenzie Towne's real estate market in October 2024 continues to thrive with increasing property values and sustained buyer interest. The community’s unique blend of charm, convenience, and lifestyle amenities makes it a standout neighborhood in Calgary’s SE quadrant. With consistent appreciation in prices and steady sales activity, McKenzie Towne remains a favorable choice for both homeowners and investors looking for stability and growth.

Market Performance

The Canyon Meadows real estate market in October 2024 experienced the following highlights:

• Sales: 15 homes were sold, a decrease of 25% compared to October 2023.

• New Listings: There were 26 new listings, marking a 44% increase year-over-year.

• Inventory: Inventory increased by 33% to 24 homes.

• Months of Supply: The market had 1.60 months of supply, up 33% from the previous year.

• Benchmark Prices:

  • Total residential benchmark price: $520,700, an increase of 5.1% year-over-year.

  • Detached homes: $769,400 (+9.9% YoY).

  • Semi-detached homes: $462,400 (+0.4% YoY).

  • Row homes: $362,700 (+21.9% YoY).

  • Apartments: $217,900 (+9.4% YoY).

The year-over-year growth in prices, especially for row homes and detached properties, indicates strong demand despite the inventory increase​.

Community Features

Canyon Meadows is a well-established community in Calgary known for its lush green spaces and convenient amenities. Key features include:

• Recreational Facilities: Close proximity to Fish Creek Provincial Park, one of the largest urban parks in North America, offering extensive pathways and nature experiences.

• Accessibility: Easy access to Macleod Trail and major transit routes, connecting residents to downtown Calgary and other areas.

• Family-Friendly Environment: A variety of schools, including both public and private institutions, cater to families with children of all ages.

• Community Amenities: The area features local shopping centers, restaurants, and recreational options, contributing to a well-rounded suburban lifestyle.

The real estate activity in Canyon Meadows reflects a balanced market with increasing options for buyers while maintaining strong property value growth.

Market Performance

The Hawkwood real estate market in October 2024 exhibited the following highlights:

• Sales: 7 homes were sold, reflecting a 30% decrease year-over-year.

• New Listings: There were 11 new listings, marking a 38% increase from October 2023.

• Inventory: Inventory increased significantly by 163% to 21 homes.

• Months of Supply: The months of supply stood at 3.00, up 275%, indicating a shift towards a buyer’s market.

• Benchmark Prices:

  • Total residential benchmark price: $679,700 (+3.3% YoY).

  • Detached homes: $747,300 (+6.0% YoY).

  • Row homes: $435,400 (+5.1% YoY).

  • Apartments: $348,400 (+3.3% YoY).

The data indicates a softening market, with inventory and months of supply increasing significantly, while benchmark prices continue to see moderate gains​.

Community Features

Hawkwood is a picturesque community in Calgary, offering a blend of suburban comfort and natural beauty. Key features include:

• Scenic Views: Situated on an elevated landscape, Hawkwood provides stunning views of the Rocky Mountains and the city skyline.

• Accessibility: Easy access to major thoroughfares like Stoney Trail and Crowchild Trail, facilitating convenient commuting.

• Amenities: A variety of nearby shopping centers, recreational facilities, and schools cater to the diverse needs of its residents.

• Parks and Outdoor Spaces: Numerous green spaces and walking trails enhance the community’s appeal, promoting an active and outdoor-oriented lifestyle.

Despite evolving market conditions, Hawkwood remains a sought-after area for families and professionals looking for a vibrant yet serene community to call home.

Market Highlights:

• Sales Activity: West Springs recorded 16 total residential sales in October, reflecting stability compared to last year.

• Price Trends: The benchmark price for all residential properties increased by 6.2% year-over-year, reaching $816,000.

  • Detached homes were priced at a benchmark of $1,068,700, showing notable strength.

  • Apartments experienced a benchmark price of $478,900.

• New Listings: There were 34 new listings, representing a 31% year-over-year increase, suggesting growing market inventory.

• Inventory Levels: The inventory expanded by 83% year-over-year, standing at 42 active listings by month-end.

• Months of Supply: Increased to 2.63 months, indicating a slight shift toward a balanced market.

Community Features:

West Springs is a family-friendly neighborhood in Calgary’s southwest, known for its blend of natural beauty, recreational amenities, and urban convenience. Key community highlights include:

• Schools and Education: The area is served by top-tier schools, both public and private, making it attractive for families.

• Parks and Trails: Residents enjoy access to numerous green spaces and walking trails, enhancing outdoor living.

• Shopping and Dining: A variety of retail centers and dining options cater to diverse tastes, located just minutes away.

• Proximity to Downtown: West Springs offers a peaceful suburban lifestyle with easy commutes to downtown Calgary.

The current trends suggest growing inventory with steady price appreciation, signaling opportunities for both buyers and sellers in the market. The community continues to shine as a desirable location for families and professionals alike.

Would you like any additional details, such as breakdowns by property type or comparison with other neighborhoods? Submit request today.

Aspen Woods, one of Calgary’s premier neighborhoods, showcased a robust real estate market in October 2024, with increasing activity and sustained demand. Below is a summary of key trends and community highlights.

Market Highlights

• Sales Activity: A total of 19 residential properties were sold, reflecting a 46% year-over-year increase.

• New Listings: There were 20 new listings, a modest 5% increase compared to October 2023.

• Inventory: The inventory stood at 28 properties, marking a 15% decrease year-over-year. This resulted in 1.47 months of supply, suggesting a seller-favored market.

• Benchmark Prices:

  • Total residential benchmark price rose to $891,800, a 6% year-over-year increase.

  • Detached homes held the highest benchmark price at $1,237,400, followed by row and apartment properties at $561,900 and $446,900, respectively.

• Market Trends: With a sales-to-new-listings ratio of 0.95, the market remains competitive, attracting both buyers and investors.

Community Features

Aspen Woods continues to be one of Calgary’s most desirable communities, offering an exceptional blend of luxury living and natural beauty:

• Upscale Living: The neighborhood is renowned for its high-end homes and exclusive residential developments, featuring modern architecture and premium finishes.

• Educational Facilities: Families are drawn to Aspen Woods for its proximity to some of Calgary’s top private and public schools, including Webber Academy and Calgary Academy.

• Recreation and Green Spaces: Residents enjoy access to numerous parks, pathways, and outdoor activities, fostering an active and vibrant lifestyle.

• Shopping and Dining: The community is home to Aspen Landing Shopping Centre, offering boutique shops, fine dining options, and essential services.

• Connectivity: Aspen Woods provides excellent connectivity to downtown Calgary and the Rocky Mountains, making it a prime location for professionals and nature enthusiasts alike.

Aspen Woods continues to demonstrate its appeal to buyers seeking a combination of luxury, convenience, and community charm.

If you’d like additional details or a specific focus on property types, feel free to ask!