Seton Community Market Report

Overview

Seton, a vibrant community in Calgary, continues to thrive as a sought-after neighborhood for families and professionals alike. With its mix of modern amenities, recreational facilities, and access to nature, Seton is a prime location for both buyers and renters.

Market Trends

Sales Activity

• Total Sales: In September 2024, Seton saw a steady increase in residential sales, with a total of 20 homes sold, reflecting a 11% increase compared to September 2023.

  • 6 SOLD Detached houses $633,000-$890,000;

  • 1 SOLD Duplex house $600,001;

  • 4 SOLD Townhouses $313,000-$511,400;

  • 9 SOLD Apartments $275,000-$488,000.

• Average Days on Market: Homes sold in September had an average days-on-market of 28 days, down from 32 days last year, indicating a faster-moving market.

• Sales Price: The average selling price of homes in Seton increased to $478,600, a 7.7% rise year-over-year, driven by strong demand and limited inventory.

Inventory Levels

• Active Listings: At the end of September, there were 62 active listings, a 40% increase from September 2023. 

• New Listings: 34 new properties were listed in September, reduced from 2023, which helped maintain a balance in supply and demand.

Community Highlights

Amenities

Seton boasts a variety of amenities, including:

• Shopping and Dining: The Seton Retail District continues to expand, featuring popular retailers and dining options.

• Recreational Facilities: The South Health Campus, Seton YMCA, and various parks and pathways enhance the community's appeal for outdoor enthusiasts and families.

Development Updates

• Residential Projects: Several new developments are underway, focusing on single-family homes and townhouses, catering to the growing population.

• Infrastructure Improvements: Ongoing infrastructure projects aim to improve accessibility and connectivity within the community and to surrounding areas.

Demographic Insights

Seton is attracting a diverse population, including young professionals, families, and retirees. The community’s focus on lifestyle amenities and green spaces makes it appealing for various demographics.

Conclusion

September 2024 has been a robust month for the Seton real estate market, marked by increased sales activity and rising home prices. With ongoing developments and a strong community spirit, Seton remains a desirable place to live in Calgary. Buyers are encouraged to act quickly, as inventory remains low and demand continues to grow.

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New Brighton Community Market Report

September 2024 has shown continued strength in the New Brighton community of Calgary, a neighborhood celebrated for its family-friendly atmosphere, well-maintained parks, and convenient access to amenities. As summer transitions into fall, the real estate market in New Brighton remains active, reflecting its enduring appeal.

Market Overview: In September, New Brighton recorded 32 home sales, a 7.5% increase from last year. The average sale price stabilized at $555,400, indicating a solid market presence despite the seasonal shift. The demand for homes in New Brighton remains strong, particularly among families and first-time buyers seeking community-oriented living.

Inventory and Trends: Currently, there are 34 active listings in New Brighton, featuring a variety of options, including single-family homes, duplexes, and townhouses. Homes are selling at an average of 21 days on market (DOM), showcasing a competitive landscape. Well-priced and updated properties often attract multiple offers, underscoring the community’s desirability.

Community Insights: New Brighton offers a wealth of amenities, including parks, playgrounds, and community centers, which foster a strong sense of belonging among residents. The neighborhood is also conveniently located near major roadways and shopping areas, enhancing its accessibility. Community events, such as seasonal festivals and outdoor gatherings, further enrich the living experience.

Looking Ahead: As we head into October, the New Brighton real estate market is expected to remain stable, though some seasonal slowing may occur. Sellers can take advantage of current demand, while buyers should be prepared for potential competition as desirable listings become available. Overall, New Brighton continues to stand out as a welcoming community within Calgary’s real estate market, offering both lifestyle and investment opportunities.

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Mahogany Community Market Report

In Q3 2024, Mahogany remains one of Calgary’s premier lakefront communities, renowned for its stunning natural surroundings and vibrant lifestyle. This well-planned neighborhood continues to attract buyers with its unique blend of recreational opportunities and modern conveniences.

Market Overview: 88 sales in Q3 2024. The real estate market in Mahogany is thriving, with average home prices reaching approximately $620,000, marking a 6% increase year-over-year. The demand for single-family homes and townhomes has surged, driven by the community’s appeal to families and young professionals seeking a suburban lifestyle close to urban amenities.

Inventory and Sales: The inventory in Mahogany has remained stable, with about 100 active listings by the end of Q3. However, buyer interest remains high, resulting in an average of just 22 days on the market for homes. This indicates a competitive landscape where properties are selling quickly, often above asking price.

1. Detached Homes

   • Price Range: $637,500-$2,700,000

   • Sales: 51 homes sold

   • Days on Market (DOM): 25 days

2. Duplex Homes

   • Price Range: $575,000-$1,027,900

   • Sales: 8 homes sold

   • Days on Market (DOM): 25 days

3. Townhouses

   • Price Range: $450,000-$586,500

   • Sales: 11 townhouses sold

   • DOM: 27 days

4. Condos

   • Price Range: $295,000-$1,574,055

   • Number of Listings: 15

   • Sales: 18 condos sold

   • DOM: 35 days

Community Amenities: Mahogany is well-known for its exceptional amenities, including the stunning Mahogany Lake, parks, and extensive walking trails. Residents enjoy access to various recreational activities, including swimming, fishing, and beach volleyball. Additionally, the community features shopping centers, restaurants, and schools, enhancing the overall quality of life.

Future Outlook: The future looks promising for Mahogany, with ongoing developments expected to further enrich the community. Upcoming infrastructure projects and additional retail options will likely attract even more residents and businesses, reinforcing Mahogany’s reputation as a desirable place to live.

Overall, Mahogany’s real estate market in Q3 2024 showcases a strong demand and a healthy balance of inventory, making it an appealing option for both current homeowners and prospective buyers looking for a vibrant community in Calgary.

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Mahogany Community Market Report

Overview: As of September 2024, Mahogany stands out as one of Calgary’s premier lake communities, attracting buyers with its stunning natural surroundings, recreational opportunities, and vibrant community spirit. This sought-after neighborhood continues to demonstrate robust market activity, appealing to families, professionals, and those seeking a lakefront lifestyle.

Market Highlights:

• Average Home Price: The average home price in Mahogany is approximately CAD 592,600, reflecting a 2.7% increase from September 2023. This upward trend underscores the ongoing demand for properties in this desirable location.

• Sales Activity: In September 2024, 29 homes were sold, marking an 11.1% increase in transactions. This rise in sales highlights the community’s continued attractiveness to prospective buyers.

• Days on Market: Homes in Mahogany are selling faster, with an average of 21 days on the market, down from 26 days in the same month last year. This decrease indicates a competitive market where buyers are eager to secure properties.

• Inventory Levels: The community had about 108 active listings at the end of September 2024, 86.2% increase from September 2023. This reduction in inventory contributes to the upward pressure on prices and quicker sales.

Market Segmentation:

• Detached Homes: The single-family home segment remains strong, with 18 SOLD prices typically ranging from $649,500 to $1,412,500. Homes with lake access or modern finishes are particularly in demand.

• Duplex houses: 3 SOLD, $575,000-$695,000.

• Townhomes: 4 SOLD, $450,000-$586,500. Townhomes continue to attract first-time buyers and young families looking for affordable options in a well-planned community.

• Apartments: 4 SOLD. The condo market is also active, with price $300,000-$690,000. 

Neighborhood Insights:

• Mahogany offers a wealth of amenities, including a private lake, parks, walking trails, and recreational facilities. The community’s focus on outdoor living and active lifestyles enhances its appeal.

• Strong community events and social activities foster a sense of belonging among residents, making Mahogany a popular choice for families and individuals alike.

Conclusion: The Mahogany real estate market has demonstrated continued growth and resilience in September 2024. With rising home prices and increasing sales activity, it’s clear that demand for properties in this lake community remains strong. The balance of supply and demand is critical in shaping current market conditions.

Outlook: As we move into the final months of the year, market conditions are expected to remain stable, though seasonal trends may affect inventory levels. The allure of Mahogany’s lifestyle and amenities will likely sustain buyer interest in the months ahead.

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McKenzie Towne Community Market Report

Overview: As we conclude the third quarter of 2024, McKenzie Towne remains a highly desirable community in Calgary, known for its charming architecture, strong community vibe, and extensive amenities. The area continues to attract a mix of families, first-time buyers, and retirees, contributing to a dynamic real estate market.

Market Highlights:

• Sales Activity: A total of 127 homes were sold in Q3 2024, compared to 95 homes in the same quarter last year, indicating a 15.8% increase in sales activity. This surge in transactions points to a competitive market with strong buyer interest.

• Days on Market: Homes in McKenzie Towne are selling more quickly, with an average of 24 days on the market, down from 29 days in Q3 2023. This reduction demonstrates the urgency among buyers in the current landscape.

• Inventory Levels: The community had approximately 70 active listings at the end of September 2024, down from 80 listings in Q3 2023. This decline in inventory has put additional pressure on prices and contributed to the faster sales pace.

Market Segmentation:

• Detached Homes: The single-family home segment remains robust, with 51 SOLD prices generally ranging from $520,000 to $989,900. Homes featuring modern finishes and larger yards are particularly sought after.

• Duplex Houses: 14 SOLD, $483,500-$550,000.

• Townhomes: 27 SOLD, 4326,000-$525,000. Townhomes are popular, particularly among young families and first-time buyers looking for affordable options in a well-established community.

• Apartments: The condo market is also active, with 35 SOLD, $224,000-$450,000. 

Neighborhood Insights:

• McKenzie Towne offers a wealth of amenities, including parks, walking trails, and a vibrant town center with shops and restaurants. The community’s planned layout and aesthetic appeal make it attractive for residents.

• Strong community engagement and events foster a sense of belonging, making McKenzie Towne a favorite choice for families and individuals alike.

Conclusion: The McKenzie Towne real estate market has shown resilience and growth throughout Q3 2024. With rising prices and increasing sales activity, it’s clear that the demand for homes in this community remains strong. The balance of supply and demand is critical to understanding the current market dynamics.

Outlook: As we approach the final quarter of the year, market conditions are expected to remain stable, although seasonal trends may affect inventory levels. The continued appeal of McKenzie Towne’s lifestyle and amenities is likely to sustain buyer interest moving forward.

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Rangeview Community Market Report 

Overview: As of September 2024, Rangeview is emerging as one of Calgary's most exciting new communities. With its modern design, emphasis on sustainability, and family-friendly environment, Rangeview is attracting a growing number of buyers looking for a fresh, vibrant neighborhood.

Market Highlights:

• Average Home Price: The average home price in Rangeview is approximately CAD 664,900, reflecting a 24.9% increase from September 2023. This steady growth indicates a strong demand as more buyers discover the advantages of this community.

• Sales Activity: In September 2024, 4 homes were sold, 50% decrease from September 2023.

• Days on Market: Homes in Rangeview are selling more quickly, with an average of 23 days on the market, down from 28 days in the same month last year. This reduction indicates a competitive market where buyers are motivated to act swiftly.

• Inventory Levels: The community had around 18 active listings at the end of September 2024. This decline in inventory has contributed to the upward pressure on prices and faster sales.

Market Segmentation:

• Detached Homes: 3 SOLD. The single-family home market is robust, with prices typically ranging from $595,000 to $890,557. Homes with modern layouts and energy-efficient features are particularly in demand.

• Duplex Homes: Only 1 SOLD at $710,000, NEW, never occupied.

Neighborhood Insights:

• Rangeview is designed with community living in mind, featuring parks, pathways, and green spaces that encourage outdoor activities and social interaction among residents.

• The neighborhood is well-connected, with easy access to major roadways and nearby amenities, including shopping centers and schools, making it convenient for families and commuters alike.

Conclusion: The Rangeview real estate market has shown strong growth and resilience in September 2024. With rising home prices and an increase in sales activity, it is clear that the demand for properties in this innovative community is robust. The current balance of supply and demand will continue to shape the market dynamics.

Outlook: As we approach the end of the year, market conditions are expected to remain stable, although seasonal trends may influence inventory levels. The ongoing appeal of Rangeview’s modern design and community-oriented lifestyle is likely to keep buyer interest strong in the coming months.

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On September 16, CREA sent an email to members informing them of changes to mortgage rules announced by the federal government, along with a blueprint for a Home Buyers’ Bill of Rights.

The text of the email is below:

Earlier today, the federal government announced mortgage reforms aimed at increasing homeownership opportunities for first-time buyers:

• Increasing the price cap for insured mortgages from $1 million to $1.5 million, effective December 15, 2024.

• Expanding eligibility for 30-year mortgage amortization to all first-time home buyers, effective December 15, 2024.

• Extending eligibility for 30-year mortgage amortization to all buyers of new builds, effective December 15, 2024.

The Canadian Real Estate Association (CREA) welcomes these reforms, which represent a significant step towards improving access to homeownership and making housing more attainable, something REALTORS® have advocated for and continue to stand behind.

The federal government also released their blueprint for a Home Buyers’ Bill of Rights. The blueprint aligns with the Government of Canada’s commitment to improving housing access and affordability as outlined in Solving the Housing Crisis: Canada’s Housing Plan and builds on measures previously announced in Budget 2024.

The blueprint for a Home Buyers’ Bill of Rights serves as a framework designed to guide provinces, territories, and stakeholders in the housing space in developing and implementing effective housing policies. The recently announced mortgage reforms also aim to increase homeownership opportunities for first-time buyers. 

Acknowledging that governments share the responsibility to ensure Canadians’ right to adequate housing, this blueprint sets out four principles guiding the federal approach to creating a fair and well-functioning home buying system: 

1. Ensuring everyone has a safe and affordable place to call home: Investing in faster home construction, improving processes, and encouraging sustainable and innovative solutions to meet diverse housing needs. 

2. Fostering fairness and transparency: Enhancing regulatory oversight, enhancing financial literacy, and ensuring accessible information, with a focus on encouraging energy efficiency and climate resiliency at the time of sale and considering reforms such as blind bidding to promote a level playing field and informed decision-making.

3. Addressing inequity and discrimination: Extending amortization periods for first-time buyers, exploring alternative financing options like halal mortgages, and urging provincial and territorial governments to implement tailored programs and culturally appropriate services to support equity-denied groups and Indigenous peoples, while also enhancing legislation and complaint mechanisms to combat discrimination and barriers in the housing system.

4. Safeguarding the system: Implementing the Canadian Mortgage Charter and addressing tax loopholes, while urging provincial and territorial governments to enhance oversight of housing services, establish accessible complaint resolution processes, and impose strong enforcement measures, including increased inspections and significant penalties for misconduct, to protect consumer rights and ensure fairness in the market.

Over the following weeks, we will analyze the implications of these announcements and their potential impact on REALTORS®. 

Auburn Bay School | Calgary Board of Education

Auburn Bay School, part of the Calgary Board of Education, is proud to serve students from Kindergarten to Grade 6. Our school community is dedicated to providing a high-quality education that fosters academic achievement, personal development, and social responsibility.

We offer a variety of engaging programs designed to meet the diverse needs of our learners, including enriched academic opportunities, arts education, and physical education. Our dedicated team of approximately 30 qualified teachers is committed to creating a supportive and challenging environment that encourages students to reach their full potential.

For families relying on transportation, we provide a safe and reliable school bus service, ensuring that all students have easy access to our facilities.

Auburn Bay School is recognized for its commitment to excellence, consistently ranking well in assessments by the Fraser Institute. Our focus on educational quality and student success reflects our goal of preparing students for future academic challenges and lifelong learning.

We invite you to join our vibrant school community, where every child is encouraged to explore, grow, and succeed!

Lakeshore School | Calgary Board of Education

Lakeshore School, part of the Calgary Board of Education, proudly serves students from Kindergarten to Grade 6 in the beautiful Auburn Bay community. Our mission is to provide a welcoming and inclusive environment where every child can thrive academically, socially, and emotionally.

We offer a diverse range of programs that cater to the unique needs of our students, including arts education, physical education, and enriched academic opportunities. With a dedicated team of approximately 30 teachers, we are committed to fostering a love of learning and helping each student reach their full potential.

To support our families, Lakeshore School provides a reliable school bus service, ensuring safe and convenient transportation for all our students.

Lakeshore School consistently receives positive rankings from the Fraser Institute, reflecting our commitment to high educational standards and student achievement. Our focus on academic excellence, alongside character development, prepares our students for future success.

We invite you to join our vibrant school community, where every child is encouraged to explore their interests, develop their talents, and build lasting friendships!

Prince of Peace School

Located in the heart of Auburn Bay, Prince of Peace School is a proud member of the Calgary Catholic School District, offering a nurturing environment for students from Kindergarten to Grade 9. Our school is dedicated to fostering a strong foundation in faith, academics, and character development.

At Prince of Peace, we provide a wide array of programs, including enriched curriculum options, arts education, and physical education, designed to meet the diverse needs of our students. Our dedicated staff, consisting of approximately 35 teachers, is committed to inspiring a love of learning and helping each student achieve their full potential.

For your convenience, we offer a reliable school bus service, ensuring that all students can easily access our facilities and participate in school activities.

Prince of Peace School consistently ranks well in assessments by the Fraser Institute, reflecting our commitment to academic excellence and student success. Our holistic approach not only emphasizes high educational standards but also nurtures the values of compassion, respect, and community.

We invite you to become part of our vibrant school community, where every child is encouraged to grow in knowledge, faith, and friendship!

St. Gianna School

Located in the thriving Auburn Bay community, St. Gianna School is a proud member of the Calgary Catholic School District, serving students from Kindergarten to Grade 6. Our mission is to provide a faith-centered education that promotes academic excellence, character development, and community engagement.

At St. Gianna, we offer a wide range of programs designed to meet the diverse needs of our students, including enriched academic courses, arts education, and physical education. Our dedicated staff of approximately 30 teachers is passionate about creating a supportive and inspiring learning environment that empowers each student to reach their full potential.

For families' convenience, we provide a reliable school bus service, ensuring safe and accessible transportation for all students.

St. Gianna School consistently ranks well in assessments by the Fraser Institute, highlighting our commitment to high educational standards and student success. We focus not only on academic achievement but also on nurturing values of compassion, respect, and community involvement.

We invite you to be a part of our vibrant school community, where every child is encouraged to grow in knowledge, faith, and friendship!

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Market Overview: As of August 2024, Rangeview continues to experience a robust real estate market, characterized by steady demand and a diverse range of housing options. The community's commitment to sustainability, coupled with its appealing amenities, has made it a sought-after location for families and professionals alike.

Property Types: Rangeview offers a mix of property types, including single-family homes, townhouses, and duplexes.

Sales Activity: In August, there were 25 new listings, reflecting a slight increase in inventory compared to the previous month. Sales activity remained strong, with 9 properties sold, indicating a healthy turnover rate. The average days on market for properties in Rangeview is approximately 48 days, demonstrating that homes are selling relatively quickly in this desirable community.

Market Trends:

• Increased Demand: The demand for homes in Rangeview has risen, driven by its family-friendly environment, proximity to schools, and recreational amenities.

• Price Stability: As of August 2024, only 1 Duplex SOLD at $589,900, 8 SOLD Detached houses $617,000 - $970,000.

• Community Development: Ongoing development projects, including parks and commercial spaces, are enhancing the community’s livability and contributing to sustained interest.

Conclusion: The real estate market in Rangeview, SE Calgary, remains strong as of August 2024, with steady demand, a diverse range of properties, and a vibrant community atmosphere. Buyers and investors looking for a welcoming neighborhood with excellent amenities will find Rangeview an appealing option. With ongoing developments and a solid market foundation, the future looks promising for this community.

Contact us for a Free Home Evaluation.

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Cranston Real Estate Market Report

August 2024 showcased a dynamic real estate market in the Cranston community of Calgary, characterized by robust buyer activity and continued interest in this family-friendly neighborhood. Renowned for its picturesque landscapes, extensive amenities, and strong community spirit, Cranston remains a highly sought-after destination for homebuyers.

Market Overview: In August, Cranston recorded 48 home sales. 29 SOLD Detached houses $515,000 - $1,335,000 newer house in Riverstone; 3 SOLD Duplex houses $527,500 - $536,750; 8 SOLD Townhouses $370,000 - $600,000; 8 SOLD Apartments $353,000-$410,000.

Inventory and Trends: Currently, there are 67 active listings in Cranston, offering a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 21 days on market (DOM), Detached houses 22 days; Duplex houses 10 days; Townhouses 23 days; Apartments 15 days.

Community Insights: Cranston’s charm is enhanced by its extensive recreational facilities, including parks, walking trails, and access to the nearby Bow River. The community is known for its vibrant events and activities, fostering a strong sense of belonging among residents. Local amenities, such as schools, shopping centers, and dining options, further contribute to the quality of life in the area.

Looking Ahead: As we transition into September, the Cranston real estate market is expected to maintain its momentum. The end of summer often brings renewed buyer interest, creating opportunities for sellers. Buyers should be prepared for competition, particularly for sought-after listings. Overall, Cranston continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and solid investment potential.

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Seton Community Market Report

August 2024 was a dynamic month for the Seton community in Calgary, known for its modern amenities, vibrant lifestyle, and convenient access to healthcare and retail. As the summer season wraps up, Seton’s real estate market continues to show robust activity, reflecting its growing popularity.

Market Overview: In August, Seton saw 19 home sales.

• 3 SOLD Detached houses $658,000 - $765,000;

• 1 SOLD Duplex house $569,000;

• 8 SOLD Townhouses $295,000(Bungalow style) - $601,500;

• 7 SOLD Apartments $277,000 - $382,500.

Inventory and Trends: Currently, there are 53 active listings in Seton, offering a mix of single-family homes, townhouses, and condos. Properties are moving quickly, with an average Days on Market (DOM) of 25 days, reflecting a competitive market. Homes that are well-maintained and appropriately priced often receive multiple offers, underscoring the demand in this vibrant community. Detached houses 14 days; Duplex house 36 days; Townhouses 23 days; Apartments 30 days.

Community Insights: Seton is well-known for its comprehensive amenities, including the South Health Campus, shopping centers, and recreational facilities. The community’s design promotes an active lifestyle, with numerous parks and walking paths. The ongoing development of new retail spaces and community services continues to enhance the living experience for residents.

Looking Ahead: As we transition into fall, the Seton real estate market is expected to maintain its momentum. While seasonal shifts may influence buyer activity, the community's strong appeal and diverse offerings are likely to keep demand steady. Sellers can take advantage of favorable market conditions, while buyers should remain proactive to capture opportunities in this thriving neighborhood. Overall, Seton stands out as an emerging gem in Calgary’s real estate landscape.

Contact us for a Free Home Evaluation.

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Mahogany Community Market Report

August 2024 proved to be a vibrant month for the Mahogany community in Calgary, known for its stunning lake, extensive amenities, and family-oriented atmosphere. As summer comes to a close, the real estate market in Mahogany remains strong, reflecting its continued desirability.

Market Overview: In August, Mahogany recorded 29 home sales. The average sale price rose to $602,900, indicating sustained demand and a healthy appreciation in property values. Buyers continue to show interest in Mahogany, drawn by the community’s attractive features and lifestyle offerings. 15 SOLD Detached houses $645,000-$2,700,000; 3 SOLD Duplex houses $590,000-$650,000; 6 SOLD Townhouses $454,000-$579,000; 5 SOLD Apartments $295,000(1-bedroom-apartment) - $1,574,055 Brand new luxury lakeview Estate condo. 

Inventory and Trends: The current inventory includes 98 active listings, showcasing a diverse range of properties, from single-family homes to townhouses. Homes are selling at an average of 20 days on market (DOM), which illustrates a competitive environment. Well-priced listings are frequently receiving multiple offers, underscoring the community's appeal. Detached houses 36 days; Duplex houses 22 days; Townhouses 36 days; Apartments 61 days.

Community Insights: Mahogany’s charm lies in its integration of nature and urban living. The community boasts an array of parks, pathways, and the picturesque lake, which provides opportunities for outdoor activities such as kayaking and swimming. Recent developments, including new shops and services, enhance the convenience for residents, making it a sought-after place to live.

Looking Ahead: As the fall season approaches, the Mahogany real estate market is expected to remain active. While the number of buyers may begin to taper, the community's strong fundamentals and lifestyle offerings will continue to attract interest. Sellers are advised to leverage the current demand, while buyers should act swiftly to seize opportunities in this thriving market. Overall, Mahogany continues to stand out as a prime destination in Calgary’s real estate landscape.

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