Rangeview Community Market Report
There were 6 properties SOLD in July. Townhouses were over $500,000, while duplex houses were close to $600,000. Detached houses were SOLD between $620,000 and $786,000.
Community Insights
Demographics: Rangeview continues to attract families, young professionals, and first-time homebuyers due to its affordable pricing compared to other SE Calgary neighborhoods.
Amenities: The community benefits from close proximity to parks, schools, and shopping centers, enhancing its appeal. New developments and infrastructure projects are underway, further improving local amenities.
Economic Factors
The Calgary economy is showing signs of recovery, with job growth contributing to increased consumer confidence in the housing market.
Interest rates have stabilized, providing a conducive environment for buyers, despite previous fluctuations.
Conclusion
The real estate market in Rangeview SE, Calgary, is experiencing a positive trajectory in July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. As the community continues to develop and attract new residents, it is expected that the market will maintain its momentum in the coming months.
Recommendations for Buyers and Sellers:
Buyers: Act promptly on desirable listings to avoid competition, and consider exploring various financing options given the current interest rate environment.
Sellers: Position homes competitively based on recent market trends and work with a knowledgeable real estate agent to leverage current demand effectively.
This report serves as a snapshot of the Rangeview real estate market and should be used as a guide for making informed decisions in the housing sector.
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