Market Performance
In November 2024, Rangeview exhibited a mix of growth and stabilization within its real estate market:
Total residential benchmark price: $695,000, showing a 10.3% decline year-over-year (Y/Y).
Sales activity: A total of 7 units were sold, reflecting a significant 600% increase compared to November 2023.
Inventory: 24 active listings, marking a 200% increase Y/Y, with 3.43 months of supply.
Average days on market (DOM): Properties took an average of 62 days to sell.
Housing Types
Detached homes: Represented strong activity with 4 sales (+300% Y/Y), a benchmark price of $755,000, and an inventory of 18 units.
Semi-detached homes: Recorded 3 sales, with a benchmark price of $695,000 and inventory levels maintaining a balanced market.
Community Features
Rangeview is known for its unique blend of suburban charm and sustainable living:
Agricultural-Inspired Design: The community emphasizes garden-to-table living, featuring community gardens and green spaces designed for sustainable practices.
Recreation and Amenities: Residents enjoy access to outdoor recreational areas, parks, and pathways, making it ideal for active families.
Rangeview’s focus on sustainability, combined with improving market conditions, makes it a desirable neighborhood for environmentally conscious buyers and families looking for modern living with community-centric values.
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