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!

Springbank Hill Real Estate Summary

Market Overview

• Sales: 17 transactions, a 70% year-over-year (Y/Y) increase.

• New Listings: 29 properties, a 38% Y/Y increase.

• Inventory: 47 active listings, reflecting a 47% increase compared to October 2023.

• Months of Supply: 2.76 months, indicating a balanced market.

Pricing

• Benchmark Price: $920,800, up 2.9% Y/Y.

• Median Price: $940,000, a 4.2% increase Y/Y.

• Average Price: $1,002,046, up by 12.8% compared to October 2023.

Property Types

• Detached Homes: Benchmark price at $1,121,500, a 7.9% Y/Y increase.

• Semi-Detached Homes: No benchmark price specified; however, significant demand was noted.

• Row Houses: Benchmark price of $530,400, reflecting a 13.6% Y/Y increase.

• Apartments: Benchmark price at $392,500, a 17.2% Y/Y rise.

Market Trends

• Steady growth in home values, particularly in the apartment and row house segments.

• Increasing new listings and inventory highlight a more competitive market.

• Sales to new listings ratio indicates a moderate absorption rate of 0.59.

Summary

Springbank Hill’s October 2024 market remains robust, with a significant increase in sales and rising property values across most property types. The market is balanced with growing inventory, suggesting opportunities for buyers and sellers alike.

This performance underscores the continued demand and resilience in this desirable community.

In October 2024, the real estate market in Arbour Lake, Calgary, reflected a dynamic yet balanced environment. Here’s a detailed overview of the market trends and community highlights for the month.

Market Highlights

• Sales Activity: A total of 9 residential properties were sold in October, reflecting a 31% year-over-year decline.

• New Listings: There were 18 new listings, marking a 13% increase from the same period last year, indicating a growing interest in selling within the community.

• Inventory: The inventory stood at 29 properties, a significant 164% increase year-over-year, translating to 3.22 months of supply—a sign of more options for potential buyers.

• Benchmark Prices:

  • Overall residential benchmark price reached $596,500, a 2.6% increase from the previous year.

  • Detached homes led with a benchmark price of $744,700, followed by semi-detached at $600,600 and apartment units at $341,900.

• Market Trends: The sales-to-new-listings ratio stood at 0.5, indicating a more balanced market leaning slightly toward a buyer’s market.

Community Features

Arbour Lake remains one of Calgary’s most sought-after neighborhoods, offering both urban convenience and natural beauty:

• Lake Access: Residents enjoy exclusive access to Calgary’s only northwest lake, ideal for swimming, boating, and year-round fishing.

• Recreational Amenities: The community is known for its walking trails, parks, and proximity to fitness facilities, making it perfect for an active lifestyle.

• Schools and Family Appeal: Highly rated schools and family-oriented amenities contribute to its desirability.

• Connectivity: With access to major roadways and public transit, commuting to downtown Calgary or other areas is seamless.

• Shopping and Dining: Local shopping centers and a variety of restaurants cater to daily needs and lifestyle preferences.

Arbour Lake continues to offer a combination of strong property values and high quality of life, making it an appealing choice for homeowners and investors alike.

If you’d like a deeper dive into specific property types or trends, let me know!

Overview: The real estate market in New Brighton, SE Calgary, saw notable shifts in October 2024, characterized by increased listings, rising inventory, and a modest uptick in prices. Known for its community-oriented amenities and family-friendly atmosphere, New Brighton continues to attract buyers, though inventory growth suggests a slightly more balanced market.

Market Activity and Sales Trends:

• Sales Volume: There were 20 sales in October, representing a 33% increase compared to the previous year. This indicates solid demand, especially for properties priced competitively in this suburban neighborhood.

• New Listings: A total of 28 new listings were introduced, marking a 40% increase year-over-year. This increase in supply provides buyers with more choices and has slightly tempered the competition.

• Months of Supply: The months of supply rose to 1.80, an increase of 112% year-over-year, reflecting the higher inventory level and a move towards a more balanced market.

• Average days on the market: 19 days.

Price Trends:

• Detached Homes: 11 SOLD, $570,000 - $825,000. The benchmark price for detached homes rose to $669,800, a year-over-year increase of 6.5%. Detached properties remain popular due to their space and family-friendly features. Average days on the market: 16 days.

• Semi-Detached and Row Homes: 2 SOLD, $550,000 - $572,000. The benchmark for semi-detached homes reached $580,500, while row homes averaged $454,900, both showing an approximate 7% increase. This suggests ongoing demand for moderately priced housing. Average days on the market: 21 days.

• Townhouses: 7 SOLD, $398,000 - $475,000. The benchmark price for apartments reached $363,000, marking a 7.7% increase year-over-year. This segment offers a more affordable entry point into the market. Average days on the market: 23 days.

Buyer and Seller Dynamics:

• For Buyers: With increased inventory and stable prices, buyers have more flexibility in choosing a property, especially among row homes and semi-detached options.

• For Sellers: Sellers should anticipate more discerning buyers due to increased listings. Properties in excellent condition and competitively priced, particularly detached homes, continue to perform well.

Conclusion: The New Brighton market in October 2024 showed increased inventory and steady price growth across housing types. This balanced environment provides opportunities for both buyers and sellers, making it a stable market in Calgary’s southeast quadrant​,

Market Trends

• Sales Activity:

  • A total of 13 homes were sold in October 2024, marking an 86% increase from the previous year, indicating a strong demand for properties in the area.

• New Listings:

  • 11 new listings were added, reflecting an 8% decline year-over-year, contributing to the ongoing shortage of inventory.

• Inventory:

  • 20 active listings, showing an 82% increase compared to last year, suggesting a growing supply of homes.

• Benchmark Prices:

  • The overall residential benchmark price reached $548,900, reflecting a 3.4% annual increase.

• Months of Supply:

  • The current months of supply is 1.54, reinforcing a seller’s market, meaning demand is still outpacing supply.

Market Breakdown by Property Type

Detached Homes

• Sales: 4 homes sold, marking a 43% decline year-over-year.

• New Listings: 5 new detached home listings (-44% Y/Y).

• Benchmark Price: $630,200, showing a 12% increase compared to last year.

• Market Trend: Despite fewer sales, detached homes remain in demand with steady price growth.

Semi-Detached Homes

• Sales: No sales were recorded in this category for October 2024.

• New Listings: No new listings.

• Benchmark Price: N/A.

• Market Trend: Limited activity in this segment, suggesting a low supply or lack of demand.

Row (Townhouses)

• Sales: 5 units sold, no change from the previous year.

• New Listings: 1 new listing (unchanged Y/Y).

• Benchmark Price: $433,200, reflecting a 6.5% increase from last year.

• Market Trend: Townhouses remain a popular and stable housing option, with prices gradually increasing.

Apartments

• Sales: 4 apartment sales, a 267% increase from last year.

• New Listings: 5 new listings, a 150% increase Y/Y.

• Benchmark Price: $426,200, increasing 4.7% annually.

• Market Trend: A surge in apartment demand, possibly due to affordability concerns in the detached home market.

Community Features

1. Schools & Education

Harvest Hills is well-served by a variety of public and Catholic schools, offering both elementary and high school options. Some of the closest schools include:

• Ascension of Our Lord School (K-9, Catholic)

• Harvest Hills Montessori

• Northern Lights School (Public K-4)

2. Transportation & Accessibility

• Roads: Convenient access to Deerfoot Trail and Country Hills Boulevard, allowing quick connectivity to downtown and Calgary International Airport.

• Public Transit: Several bus routes service the area, connecting to major transit hubs.

3. Shopping & Retail

• Country Hills Town Centre: Features major retailers, grocery stores, and restaurants.

• Creekside Shopping Centre: Offers additional shopping, dining, and essential services nearby.

4. Recreation & Green Spaces

• Harvest Hills Park: A popular outdoor space for walking, jogging, and family activities.

• Nose Creek Parkway: A nearby natural park area offering trails and scenic views.

• Golf Courses: Close to Country Hills Golf Club, providing an excellent option for golf enthusiasts.

Harvest Hills continues to see strong demand, particularly in the apartment and townhouse segments due to affordability. Detached homes remain desirable, but higher prices have slightly slowed sales. The community's proximity to amenities, schools, and major roadways makes it a highly attractive area for buyers.

Market Overview

In October 2024, the Mahogany SE Calgary real estate market experienced notable activity, with increases in sales across property types. Total residential sales for the month reached 46 houses, representing a 53% year-over-year increase. New listings were also up, reaching 54, an 8% increase year-over-year. Inventory saw a more significant rise, growing by 61% to 98 units. The sales-to-new-listings (S/NL) ratio stood at 85%, indicating a competitive market despite the growing inventory levels. The months of supply metric rose to 2.13, reflecting a balanced market yet trending toward a potential buyer's market if inventory growth continues.

The benchmark price for all residential properties in Mahogany rose by 4% year-over-year to $590,900.

Detached Homes

• Sales: 22 (up 57% year-over-year)

• New Listings: 29 (up 7% year-over-year)

• Inventory: 37 (up 9% year-over-year)

• Months of Supply: 1.68 (down 31% year-over-year)

• Benchmark Price: $809,100 (up 5% year-over-year)

Detached homes remained popular, with a 57% increase in sales and a tight supply of only 1.68 months, marking a slight seller's advantage in this category. The benchmark price rose 5% to $809,100, indicating steady demand for single-family homes in Mahogany.

Semi-Detached Homes

• Sales: 8 (up 300% year-over-year)

• New Listings: 7 (up 40% year-over-year)

• Inventory: 8 (no change year-over-year)

• Months of Supply: 1.00 (down 75% year-over-year)

• Benchmark Price: $568,200 (up 7% year-over-year)

Semi-detached homes saw the highest increase in sales at 300%, with a balanced supply level of 1.00 month. This segment is seeing strong buyer interest, as evidenced by the quick sales pace and a 7% increase in the benchmark price to $568,200.

Row Homes

• Sales: 4 (up 33% year-over-year)

• New Listings: 2 (down 50% year-over-year)

• Inventory: 20 (up 567% year-over-year)

• Months of Supply: 5.00 (up 400% year-over-year)

• Benchmark Price: $490,400 (up 7% year-over-year)

Row homes showed a mixed performance. Sales increased by 33%, but new listings dropped by 50%, leading to a spike in inventory, which now sits at 20 units, a 567% year-over-year increase. With a months of supply at 5.00, row homes are transitioning into a buyer’s market, despite a 7% increase in the benchmark price.

Apartments

• Sales: 12 (up 9% year-over-year)

• New Listings: 16 (up 14% year-over-year)

• Inventory: 33 (up 106% year-over-year)

• Months of Supply: 2.75 (up 89% year-over-year)

• Benchmark Price: $369,700 (up 13% year-over-year)

The apartment market has become more competitive, with inventory rising 106% to 33 units and the months of supply increasing to 2.75. Sales were up 9%, and the benchmark price rose 13% to $369,700, indicating resilient demand despite the increased supply.

Price Range Distribution

The distribution of sales by price range showed a concentration in the $400,000–$499,999 range, followed by a significant number of transactions in the $200,000–$300,000 and $300,000–$400,000 ranges. Higher price brackets, particularly above $700,000, also saw activity but to a lesser extent.

Year-to-Date Overview

As of October 2024, year-to-date sales totaled 373, reflecting a slight 1% decrease from the previous year. New listings year-to-date reached 550 (up 12%), while inventory rose to 76 units (up 29%). The year-to-date benchmark price increased by 7% to $595,180, underscoring steady appreciation in Mahogany’s residential market despite slight reductions in sales volume​.

Conclusion

Overall, Mahogany’s real estate market in October 2024 demonstrates robust demand and rising prices across most property types, with particular strength in detached and semi-detached homes. While inventory levels are increasing, especially in row homes and apartments, the area’s popularity supports ongoing price growth.

Sales Overview
McKenzie Lake experienced a notable increase in sales activity in October 2024, with total residential sales rising by 44% year-over-year (Y/Y) to reach 13 sales. THEY ARE ALL DETACHED HOMES, $470,000-$960,000, with an average 26 Days on the market. 5 properties were SOLD at or above the asking price. This growth reflects increased demand in the area, particularly for detached homes, which saw an 86% increase in sales compared to October 2023.

New Listings and Inventory
New listings for October 2024 totaled 21 properties, marking a significant 75% Y/Y increase, suggesting that more homeowners are entering the market. However, inventory remains relatively constrained, with only 20 active listings.

Price Trends

• Detached Homes: The benchmark price for detached properties in McKenzie Lake rose to $749,800, reflecting an 8.4% increase compared to last year.

• Row and Apartment Prices: The row homes in McKenzie Lake averaged $423,900, a modest 8.1% Y/Y increase. Apartments showed no recorded transactions, which aligns with ongoing demand predominantly centered on detached properties.

Market Conditions
The market conditions remain tight in McKenzie Lake, with months of supply at 1.54, indicating a seller’s market. This low supply relative to demand continues to put upward pressure on home prices.

Conclusion
The McKenzie Lake real estate market remains robust with strong demand, rising prices, and limited inventory. While new listings are up, months of supply remains low, signaling continued demand and competition among buyers, especially for detached homes.

Market Overview McKenzie Towne’s real estate market continued to show moderate growth with sustained demand across different housing types, but it also experienced some variation in inventory and prices year-over-year.

Sales and Inventory

• Total Residential Sales: 33 properties, reflecting a year-over-year increase of 3%.

• New Listings: 35 properties, indicating no significant change from October 2023.

• Inventory: Increased by 56% year-over-year to 39 units, a sign of growing supply in response to steady demand.

• Months of Supply: Increased to 1.18 months, a 56% increase, showing a slight cooling from a highly competitive market.

• Average Days on the Market: 24 days

Property Types and Price Trends

1. Detached Homes:

   • Sales: 16 properties, up by 45% from last year.

   • Inventory: 13 properties, slightly down by 7%.

   • Benchmark Price: $650,200, a 3.1% year-over-year increase.

   • Price range: $500,000 - $950,000.

   • Average Days on the Market: 23 days

2. Semi-Detached Homes:

   • Sales: 2 properties, unchanged from last year.

   • Inventory: 5 properties, marking a 25% increase.

   • Benchmark Price: $482,500, reflecting a robust 9.7% price increase year-over-year.

   • Price range: $450,000 - $505,000.

   • Average Days on the Market: 9 days

3. Row Homes:

   • Sales: 5 units, down by 29% compared to October 2023.

   • Inventory: 8 units, a significant 167% increase.

   • Benchmark Price: $432,900, up by 9.3% from last year.

   • Price range: $319,500 - $435,000.

   • Average Days on the Market: 24 days

4. Apartments:

   • Sales: 10 units, decreasing by 17%.

   • Inventory: 9 units, down by 36%.

   • Benchmark Price: $343,000, up by 9.6% year-over-year.

   • Price range: $230,000 - $450,000.

   • Average Days on the Market: 28 days

Price Trends

• Total Residential Benchmark Price: $503,200, representing a 6.4% increase year-over-year, indicating overall appreciation in property values across McKenzie Towne.

Conclusion McKenzie Towne’s real estate market remains active and largely balanced. The slight increase in inventory and months of supply suggests a shift toward a more balanced market, with home prices continuing to appreciate across property types. Buyers can expect a moderate pace in the market, with slightly less pressure compared to previous months.