Overview
As of October 2024, the Seton community in Southeast Calgary continues to show a dynamic real estate landscape. Known for its modern amenities, proximity to the South Health Campus, and vibrant community spirit, Seton remains a desirable location for both first-time homebuyers and families.
Market Trends
Sales Activity
Total Sales: In October 2024, Seton recorded a total of 25 residential sales, reflecting a 7.4% decrease from the previous year. This may because of the price increase in the area.
Average Days on Market: Homes in Seton are selling faster, with an average of 39 days on the market, down from 31 days in September.
Pricing
Median Home Price: The median sale price for homes in Seton is currently $475,600, which is a 7.4% increase compared to October 2023. This upward trend signifies the community’s growing appeal and the competitive nature of the market.
Price Range:
8 SOLD Detached houses: $645,000 - $885,000;
4 SOLD Townhouses: $237,000(Bungalow style) - $506,586;
13 SOLD Apartments: $287,000 - $490,000.
Inventory
Active Listings: As of the end of October, there are 72 active listings in Seton. This represents a balanced market, with inventory levels sufficient to meet current demand.
New Listings: There were 44 new listings added in October, indicating a healthy turnover of properties.
Community Highlights
Seton was established in 2018 however construction began on some amenities several years prior, when completed, will include a mixture of residential and business development, and will be served by a proposed southeast leg of the city's C-TRAIN system, also known as the Green Line. Seton is home to the 44-acre (180,000 m2) South Health Campus, a major hospital for the Calgary Region, which opened in 2011. (Wikipedia.org)
Conclusion
Overall, the real estate market in Seton SE Calgary remains strong and resilient as of October 2024. With increasing sales and a steady rise in home prices, the community continues to be a popular choice for buyers. The combination of desirable amenities, a family-friendly atmosphere, and robust market activity suggests a promising outlook for the upcoming months.
Recommendations for Buyers and Sellers
Buyers: Given the current competitive market, potential buyers should be prepared to act quickly and consider making offers above asking price in highly desirable properties.
Sellers: For those considering selling, staging homes and competitive pricing will be key to attracting buyers and securing timely sales.
For more detailed insights or personalized advice, feel free to reach out!
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