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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