RSS

Calgary Real Estate Market Report – Rangeview October 2024

Calgary Real Estate Market Report – Rangeview October 2024

Market Overview

As of October 2024, the real estate market in Rangeview, SE Calgary, is exhibiting positive trends characterized by increasing demand and stable pricing. This vibrant community continues to attract homebuyers due to its appealing amenities, family-friendly environment, and strategic location.

Key Market Statistics

  • SOLD Home Price: $865,000-$874,999.94

    • An decrease of approximately 50% compared to October 2023.

  • Home Sales:

    • ONLY 2 homes sold in the past month, representing a 52% increase year-over-year as the price of the houses were sold at higher price range.

  • Current Listings:

    • 25 active listings, indicating a balanced market with options for various buyers.

  • Days on Market:

    • Homes are selling quickly, with an average of 53 days on the market before receiving offers.

Buyer Demographics

The buyer demographic in Rangeview is primarily composed of young families, professionals including medical industry, and first-time homebuyers. The community's parks play a significant role in attracting families, while its modern amenities appeal to professionals seeking a suburban lifestyle.

Community Highlights

  • Calgary's First Garden-to-Table Community

  • Local Lifestyle: ​​​​Just 5 minutes from home, groceries, shops, restaurants, a movie theatre and even the world’s largest YMCA await.

  • Community Gardens Gardens, orchards and greenhouses create opportunities for residents to learn about food planting, growing and harvesting.

  • Parks & Pathways There's room to roam on scenic pathways circling wetlands, plus green spaces, playgrounds, sports fields & more.

  • Urban Village Places to shop, dine and relax – Rangeview will have it all, with over 10 acres of quaint, walkable commercial areas.

Future Outlook

Looking ahead, Rangeview is expected to maintain its upward trajectory in real estate. Planned developments, including new retail spaces and additional parks, will likely enhance the quality of life for residents and increase property values.

  • New Developments: Anticipated commercial developments are set to increase local shopping options and services.

  • Infrastructure Improvements: Continued investment in infrastructure will improve accessibility and enhance the overall living experience.

Conclusion

The real estate market in Rangeview SE Calgary is strong and continues to thrive as a desirable community for buyers. With steady price growth, an array of amenities, and ongoing developments, Rangeview is well-positioned for future growth. For potential buyers and investors, now is an excellent time to consider opportunities in this vibrant neighborhood.

For further details or specific inquiries regarding listings, feel free to reach out!

Comments:

No comments

Post Your Comment:

Your email will not be published
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.