Rangeview Community Market Report
Overview: As of September 2024, Rangeview is emerging as one of Calgary's most exciting new communities. With its modern design, emphasis on sustainability, and family-friendly environment, Rangeview is attracting a growing number of buyers looking for a fresh, vibrant neighborhood.
Market Highlights:
Average Home Price: The average home price in Rangeview is approximately CAD 664,900, reflecting a 24.9% increase from September 2023. This steady growth indicates a strong demand as more buyers discover the advantages of this community.
Sales Activity: In September 2024, 4 homes were sold, 50% decrease from September 2023.
Days on Market: Homes in Rangeview are selling more quickly, with an average of 23 days on the market, down from 28 days in the same month last year. This reduction indicates a competitive market where buyers are motivated to act swiftly.
Inventory Levels: The community had around 18 active listings at the end of September 2024. This decline in inventory has contributed to the upward pressure on prices and faster sales.
Market Segmentation:
Detached Homes: 3 SOLD. The single-family home market is robust, with prices typically ranging from $595,000 to $890,557. Homes with modern layouts and energy-efficient features are particularly in demand.
Duplex Homes: Only 1 SOLD at $710,000, NEW, never occupied.
Neighborhood Insights:
Rangeview is designed with community living in mind, featuring parks, pathways, and green spaces that encourage outdoor activities and social interaction among residents.
The neighborhood is well-connected, with easy access to major roadways and nearby amenities, including shopping centers and schools, making it convenient for families and commuters alike.
Conclusion: The Rangeview real estate market has shown strong growth and resilience in September 2024. With rising home prices and an increase in sales activity, it is clear that the demand for properties in this innovative community is robust. The current balance of supply and demand will continue to shape the market dynamics.
Outlook: As we approach the end of the year, market conditions are expected to remain stable, although seasonal trends may influence inventory levels. The ongoing appeal of Rangeview’s modern design and community-oriented lifestyle is likely to keep buyer interest strong in the coming months.
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