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New Brighton Real Estate Market Report - September 2024

New Brighton Real Estate Market Report - September 2024

New Brighton Community Market Report

September 2024 has shown continued strength in the New Brighton community of Calgary, a neighborhood celebrated for its family-friendly atmosphere, well-maintained parks, and convenient access to amenities. As summer transitions into fall, the real estate market in New Brighton remains active, reflecting its enduring appeal.

Market Overview: In September, New Brighton recorded 32 home sales, a 7.5% increase from last year. The average sale price stabilized at $555,400, indicating a solid market presence despite the seasonal shift. The demand for homes in New Brighton remains strong, particularly among families and first-time buyers seeking community-oriented living.

Inventory and Trends: Currently, there are 34 active listings in New Brighton, featuring a variety of options, including single-family homes, duplexes, and townhouses. Homes are selling at an average of 21 days on market (DOM), showcasing a competitive landscape. Well-priced and updated properties often attract multiple offers, underscoring the community’s desirability.

Community Insights: New Brighton offers a wealth of amenities, including parks, playgrounds, and community centers, which foster a strong sense of belonging among residents. The neighborhood is also conveniently located near major roadways and shopping areas, enhancing its accessibility. Community events, such as seasonal festivals and outdoor gatherings, further enrich the living experience.

Looking Ahead: As we head into October, the New Brighton real estate market is expected to remain stable, though some seasonal slowing may occur. Sellers can take advantage of current demand, while buyers should be prepared for potential competition as desirable listings become available. Overall, New Brighton continues to stand out as a welcoming community within Calgary’s real estate market, offering both lifestyle and investment opportunities.

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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.