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!
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