Seton Community Market Report
Overview
Seton, a vibrant and growing community located in Calgary, Alberta, has continued to show strong real estate activity in March 2023. The neighborhood, known for its modern amenities and proximity to shopping, parks, and schools, remains a desirable location for both buyers and investors.
Market Highlights
Sales Activity:
In March 2023, Seton recorded a total of 25 home sales, a slight increase from the previous month. This reflects a robust demand in the market, particularly for family homes and townhouses.
4 SOLD Detached houses $575,000 - $839,000.
3 SOLD Duplex houses $539,000 - $585,000.
5 SOLD Townhouses $239,900 - $494,900.
13 SOLD Apartments $227,500 - $399,000.
The average days on market for homes sold was approximately 35 days, indicating a competitive environment where properties are being purchased relatively quickly.
Pricing Trends:
The average sale price for homes in Seton reached $424,360, up 5% compared to March 2022. This increase reflects the continued appreciation of property values in the area.
Inventory Levels:
The current inventory of homes for sale stands at 55 listings, providing a balanced market. However, with the ongoing demand, homes are selling faster than new listings are being added, leading to potential shortages in certain segments.
Neighborhood Features
Seton boasts a variety of amenities that appeal to residents:
Shopping and Dining: The nearby Seton Urban District offers a range of retail options, restaurants, and entertainment venues, making it a hub for local residents.
Parks and Recreation: Numerous parks and green spaces provide outdoor recreational opportunities, contributing to the community's family-friendly atmosphere.
Transportation: Seton is well-connected by major roads and public transit, making commuting to downtown Calgary convenient.
Conclusion
The real estate market in Seton continues to thrive in March 2023, driven by strong demand and limited inventory. With a variety of housing options and excellent community amenities, Seton remains an attractive choice for homebuyers and investors alike. As we move into the spring months, we anticipate continued interest in the area, potentially leading to further price appreciation and competitive sales activity.
Recommendations
For potential buyers, it’s advisable to act quickly and be prepared with financing, as properties are moving swiftly. Sellers may consider listing their homes to capitalize on the current demand and favorable market conditions.
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