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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