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.

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.

Would you like more details on specific property types or comparisons with other neighborhoods? Submit email here.

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.