McKenzie Towne Community Market Report
Overview: As of September 2024, McKenzie Towne continues to be a highly sought-after community in Calgary, known for its picturesque streets, diverse amenities, and strong community feel. This vibrant neighborhood appeals to a wide range of buyers, including families, young professionals, and retirees.
Market Highlights:
Average Home Price: The average home price in McKenzie Towne is approximately CAD 499,900, reflecting a 5.2% increase from September 2023. This consistent appreciation indicates sustained demand for properties in the area.
Sales Activity: In September 2024, 38 homes were sold, up from 35 sales in September 2023, marking a 14.3% increase in transactions. This uptick highlights the ongoing interest and activity in the market.
Days on Market: Homes in McKenzie Towne are selling more swiftly, with an average of 22 days on the market, down from 27 days in the same month last year. This decrease suggests a competitive environment, with buyers motivated to act quickly.
Inventory Levels: The market featured about 42 active listings at the end of September 2024, down from September 2023. This reduction in inventory has contributed to upward pressure on prices and faster sales.
Market Segmentation:
Detached Homes: The single-family home segment remains robust, with 19 SOLD prices typically ranging from $550,000 to $975,000. Properties with updated interiors and larger lots are particularly desirable among buyers.
Townhomes: 5 SOLD Townhomes, $380,500-$469,900, are increasingly popular among first-time buyers and young families looking for affordable living options within a well-established community.
Apartments: The condo market has seen steady activity, with 10 SOLD $224,000-$448,000.
Neighborhood Insights:
McKenzie Towne offers a range of amenities, including parks, pathways, and a lively town center featuring shops, restaurants, and services. These attractions contribute to the community's overall appeal and enhance the quality of life for residents.
The community's focus on events and activities fosters a strong sense of belonging, making McKenzie Towne a favored choice for families and individuals alike.
Conclusion: The McKenzie Towne real estate market has demonstrated resilience and growth in September 2024. With rising home prices and increased sales activity, it is evident that demand for properties in this community remains strong. The balance of supply and demand continues to influence market dynamics.
Outlook: Looking ahead, market conditions are expected to remain stable, although seasonal trends may impact inventory levels. The attractive lifestyle and amenities offered by McKenzie Towne will likely continue to drive buyer interest in the coming months.
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