New Brighton Community Market Report

Overview: As we wrap up the third quarter of 2024, New Brighton has proven to be a thriving community in Calgary's real estate landscape. Known for its family-friendly atmosphere, well-planned amenities, and strong community spirit, New Brighton continues to attract a diverse range of buyers.

Market Highlights:

• Sales Activity: A total of 59 homes were sold in Q3 2024.

• Days on Market: Homes in New Brighton are selling faster, with an average of 25 days on the market, down from 30 days in Q3 2023. This decrease highlights the urgency of buyers in the current environment.

• Inventory Levels: The market saw approximately 85 active listings by the end of September 2024, down from 95 listings in Q3 2023. This reduction in inventory contributes to the upward pressure on home prices.

Market Segmentation:

• Detached houses: 41 SOLD, the detached home segment remains robust, with prices typically ranging from CAD 545,000 to CAD 895,000. Properties with larger lots and modern finishes are particularly in demand.

• Townhomes: 13 SOLD $415,000-$473,500. Townhomes are popular among first-time buyers and young families looking for affordable options.

• Apartments: 4 SOLD, the condo market has also been active, with price $300,000 - $425,000.

Neighborhood Insights:

• New Brighton’s community amenities, including parks, pathways, and the New Brighton Athletic Park, contribute to its attractiveness for families. The community association hosts various events and activities that foster a strong sense of belonging.

• Accessibility to major roadways and proximity to shopping centers make New Brighton a convenient choice for commuters and those seeking nearby conveniences.

Conclusion: The New Brighton real estate market has exhibited healthy growth throughout Q3 2024. With increasing home prices and a rise in sales activity, it is evident that this community remains a desirable destination for homebuyers. The balance of supply and demand continues to play a significant role in the market's dynamics.

Outlook: As we move into the final quarter of the year, the market is expected to maintain its momentum, although seasonal factors may influence inventory levels. Continued interest from families and individuals seeking a vibrant community will likely sustain demand in New Brighton.

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McKenzie Lake Community Market Report

Overview: As we conclude the third quarter of 2024, McKenzie Lake remains a vibrant and attractive community in Calgary. Known for its picturesque lake, parks, and family-friendly environment, McKenzie Lake continues to draw interest from buyers across various demographics.

Market Highlights:

• Sales Activity: In Q3 2024, a total of 50 homes were sold. This represents a notable increase of 12.5%, indicating a strong demand in the market.

• Days on Market: Homes in McKenzie Lake are selling more quickly, with an average of 26 days on the market, down from 32 days in Q3 2023. This reduction highlights the competitive nature of the current real estate environment.

• Inventory Levels: The community has seen a slight decrease in inventory, with approximately 70 active listings at the end of September 2024. This tightening of supply has contributed to rising prices and quicker sales.

Market Segmentation:

• Single-Family Homes: 47 SOLD. The single-family home segment remains the backbone of the McKenzie Lake market. Prices typically range from $465,000 to $2,490,000, with homes near the lake commanding a premium.

• Townhomes: 3 SOLD $400,000-$472,000. Demand for townhomes is particularly strong among first-time buyers and those looking to downsize.

Neighborhood Insights:

• McKenzie Lake’s appeal is enhanced by its recreational facilities, including access to the lake, walking trails, and parks. The local schools and community events further solidify its reputation as a family-oriented neighborhood.

• Recent developments in infrastructure, including upgrades to public transit and roadways, have made the area even more accessible, boosting its attractiveness for commuters.

Conclusion: The McKenzie Lake real estate market has shown resilience and growth throughout Q3 2024. With increasing home prices and sales activity, it is evident that this community continues to be a desirable location for buyers. The balance of supply and demand remains a critical factor, contributing to the overall health of the market.

Outlook: Looking ahead, the market is expected to remain stable through the upcoming months, although seasonal trends may affect inventory levels. Continued interest from families and professionals seeking a quality lifestyle by the lake will likely sustain demand in McKenzie Lake.

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McKenzie Lake Community Market Report – September 2024

Overview: McKenzie Lake, a sought-after community in Calgary, continues to showcase its appeal in the real estate market as of September 2024. Known for its picturesque lake, recreational amenities, and family-friendly atmosphere, the area remains attractive to buyers looking for both single-family homes and condominiums.

Market Highlights:

• Average Home Price: The average price for homes in McKenzie Lake has seen a modest increase, reaching approximately CAD 699,100, up 4.7% from September 2023.

• Sales Activity: There were 45 homes sold in September 2024, a slight increase compared to 40 sales in the same month last year. This uptick indicates sustained buyer interest and activity in the area.

• Days on Market: Homes in McKenzie Lake are selling faster, with an average of 28 days on the market, down from 34 days in September 2023.

• Inventory Levels: Current inventory stands at around 75 active listings, reflecting a balanced market. This is slightly lower than the previous year’s 85 listings, indicating a tightening supply.

Market Segmentation:

• Single-Family Homes: The majority of sales were single-family homes, with prices ranging from CAD 500,000 to CAD 800,000. Larger homes with lake access remain in high demand.

• Condos and Townhomes: The condo market has also seen healthy activity, with an average price of CAD 350,000. These properties cater to first-time buyers and downsizers.

Neighborhood Insights:

• McKenzie Lake continues to be attractive due to its recreational offerings, including the private lake, parks, and proximity to schools. These features contribute to its family-oriented reputation.

• The community’s ongoing development and infrastructure improvements, such as road enhancements and local amenities, add to its desirability.

Conclusion: As we move into the fall season, McKenzie Lake's real estate market remains vibrant. With steady price growth and increasing sales, it’s clear that demand for homes in this community is strong. Buyers and sellers alike can benefit from the current market dynamics, and it remains an opportune time for investment in this appealing Calgary neighborhood.

Outlook: Looking ahead, analysts predict that the market may continue to stabilize, with potential fluctuations in inventory as seasonal trends set in. Continued interest from families and professionals seeking a lakeside lifestyle should keep McKenzie Lake a competitive market in Calgary’s real estate landscape.

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Seton Community Market Report - Q3 2024

Overview

Seton, one of Calgary’s most vibrant and rapidly growing communities, has shown impressive resilience and growth throughout the third quarter of 2024. With its modern amenities, recreational facilities, and family-friendly atmosphere, Seton continues to attract buyers and renters alike. More new commercial retail stores are opening to the public.

Market Trends

Sales Activity

• Total Sales: During Q3 2024, Seton recorded a total of 50 residential sales, reflecting a 12% increase compared to Q3 2023. This upward trend indicates continued demand in the area.

• Average Days on Market: The average days on the market for homes dropped to 25 days, down from 30 days in Q3 2023, suggesting a quicker turnover for sellers.

• Price Range:

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

  • 2 SOLD Duplex houses $569,000-$600,001;

  • 17 SOLD Townhouses $285,000-$601,500;

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

Inventory Levels

• Active Listings: At the end of Q3, there were 70 active listings in Seton, a decrease from 85 in Q3 2023. The reduced inventory continues to create competitive conditions for buyers.

• New Listings: A total of 112 new properties were listed in Q3, which provided some relief but not enough to meet the ongoing demand.

Community Highlights

Amenities

Seton offers a diverse range of amenities, including:

• Shopping and Dining: The Seton Retail District has expanded, featuring new retailers, restaurants, and entertainment options, enhancing the community's appeal.

• Recreational Facilities: Key facilities, such as the South Health Campus, Seton YMCA, and various parks and pathways, promote an active lifestyle.

Development Updates

• Residential Projects: Several new residential developments are underway, focusing on townhouses and multi-family units, catering to the community's growing population.

• Infrastructure Improvements: Ongoing projects aim to improve roads and public transit access, enhancing connectivity to surrounding areas and increasing the overall livability of Seton.

Demographic Insights

Seton continues to attract a diverse demographic, including young professionals, families, and retirees. The community's focus on lifestyle, accessibility, and amenities makes it appealing across various age groups and backgrounds.

Conclusion

The third quarter of 2024 has proven to be a strong period for Seton’s real estate market, characterized by increased sales, rising prices, and ongoing development. With its desirable location and community features, Seton remains a top choice for homebuyers in Calgary. Prospective buyers are encouraged to act swiftly, as the market continues to favor sellers in the current low-inventory environment.

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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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