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Real Estate Market Report: Rangeview, SE Calgary – August 2024

Real Estate Market Report: Rangeview, SE Calgary – August 2024

Market Overview: As of August 2024, Rangeview continues to experience a robust real estate market, characterized by steady demand and a diverse range of housing options. The community's commitment to sustainability, coupled with its appealing amenities, has made it a sought-after location for families and professionals alike.

Property Types: Rangeview offers a mix of property types, including single-family homes, townhouses, and duplexes.

Sales Activity: In August, there were 25 new listings, reflecting a slight increase in inventory compared to the previous month. Sales activity remained strong, with 9 properties sold, indicating a healthy turnover rate. The average days on market for properties in Rangeview is approximately 48 days, demonstrating that homes are selling relatively quickly in this desirable community.

Market Trends:

  • Increased Demand: The demand for homes in Rangeview has risen, driven by its family-friendly environment, proximity to schools, and recreational amenities.

  • Price Stability: As of August 2024, only 1 Duplex SOLD at $589,900, 8 SOLD Detached houses $617,000 - $970,000.

  • Community Development: Ongoing development projects, including parks and commercial spaces, are enhancing the community’s livability and contributing to sustained interest.

Conclusion: The real estate market in Rangeview, SE Calgary, remains strong as of August 2024, with steady demand, a diverse range of properties, and a vibrant community atmosphere. Buyers and investors looking for a welcoming neighborhood with excellent amenities will find Rangeview an appealing option. With ongoing developments and a solid market foundation, the future looks promising for this community.

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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.