Seton Community Market Report
Overview
Seton, a vibrant community in Calgary, continues to thrive as a sought-after neighborhood for families and professionals alike. With its mix of modern amenities, recreational facilities, and access to nature, Seton is a prime location for both buyers and renters.
Market Trends
Sales Activity
Total Sales: In September 2024, Seton saw a steady increase in residential sales, with a total of 20 homes sold, reflecting a 11% increase compared to September 2023.
6 SOLD Detached houses $633,000-$890,000;
1 SOLD Duplex house $600,001;
4 SOLD Townhouses $313,000-$511,400;
9 SOLD Apartments $275,000-$488,000.
Average Days on Market: Homes sold in September had an average days-on-market of 28 days, down from 32 days last year, indicating a faster-moving market.
Sales Price: The average selling price of homes in Seton increased to $478,600, a 7.7% rise year-over-year, driven by strong demand and limited inventory.
Inventory Levels
Active Listings: At the end of September, there were 62 active listings, a 40% increase from September 2023.
New Listings: 34 new properties were listed in September, reduced from 2023, which helped maintain a balance in supply and demand.
Community Highlights
Amenities
Seton boasts a variety of amenities, including:
Shopping and Dining: The Seton Retail District continues to expand, featuring popular retailers and dining options.
Recreational Facilities: The South Health Campus, Seton YMCA, and various parks and pathways enhance the community's appeal for outdoor enthusiasts and families.
Development Updates
Residential Projects: Several new developments are underway, focusing on single-family homes and townhouses, catering to the growing population.
Infrastructure Improvements: Ongoing infrastructure projects aim to improve accessibility and connectivity within the community and to surrounding areas.
Demographic Insights
Seton is attracting a diverse population, including young professionals, families, and retirees. The community’s focus on lifestyle amenities and green spaces makes it appealing for various demographics.
Conclusion
September 2024 has been a robust month for the Seton real estate market, marked by increased sales activity and rising home prices. With ongoing developments and a strong community spirit, Seton remains a desirable place to live in Calgary. Buyers are encouraged to act quickly, as inventory remains low and demand continues to grow.
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