Seton Community Market Report

Overview: Seton, located in southeast Calgary, is an innovative, master-planned community known for its vibrant lifestyle and modern amenities. July 2024 has seen continued growth and development, making Seton an attractive place for families and individuals alike.

Real Estate Market Trends:

• Price Range: As of July 2024, 11 properties were sold. The number of homes sold in July 2024 has risen by 15% year-over-year. The market remains competitive, with many properties receiving multiple offers shortly after listing.

  • 1 SOLD Detached houses $870,000;

  • 5 SOLD Townhouses $285,000-$490,000;

  • 5 SOLD Apartments $354,500 - $438,000;

• Types of Properties: Single-family homes dominate the market, but there’s a growing interest in townhouses and condos, particularly among first-time buyers and investors. New developments are focusing on sustainable living and modern conveniences.

Community Highlights:

• Amenities: Seton continues to enhance its amenities, with the addition of new parks, walking trails, and recreational facilities. The Seton Recreational Facility, featuring a state-of-the-art gym and aquatic center, remains a focal point for residents.

• Shopping and Dining: The community’s commercial area, including the South Health Campus, has expanded with new retail and dining options. Local favorites include family-run restaurants and cafes, as well as larger retail chains, providing a blend of shopping experiences.

• Transportation: The integration of public transport options is improving connectivity to downtown Calgary and surrounding areas. The recent addition of bus routes and planned future LRT expansions are expected to further enhance accessibility.

Community Engagement:

• Events: July 2024 saw several community events, including outdoor movie nights and farmers' markets, fostering a sense of community among residents. These events have increased participation and engagement, highlighting the community spirit in Seton.

• Sustainability Initiatives: Seton is actively pursuing sustainability through community gardens and eco-friendly landscaping. Residents have shown strong support for these initiatives, aligning with the broader goals of Calgary’s climate action plan.

Looking Ahead:

The outlook for Seton remains positive as development continues and the community grows. With ongoing investments in infrastructure and amenities, Seton is well-positioned to attract new residents and maintain its status as a desirable place to live.

Conclusion:

Seton SE Calgary is thriving in July 2024, with a robust real estate market, a rich array of amenities, and an engaged community. The continued growth and development signify a bright future for both current and prospective residents. For anyone considering a move to this dynamic community, now is an opportune time to explore the possibilities. 

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May 2024 marked a significant month for the Seton community in SE Calgary, known for its modern amenities and vibrant lifestyle. As a rapidly developing area, Seton continues to attract both buyers and investors, bolstered by its strategic location and access to essential services.

Market Highlights

• Sales Activity: In May, Seton experienced a notable increase in residential sales, with approximately 24 homes sold. This represents a 15% increase compared to April 2024, indicating strong buyer interest and engagement in the market.

• Price Range: Buyers can still find one-bedroom-apartment under $300,000, while just over $300,000 for townhouses. Duplex houses were over in $600,000, NEW & Never Occupied detached houses with double attached garages were SOLD close to $800,000.

  • Detached houses: 2 SOLD, $768,000 - $792,000; NEW, never occupied;

  • Townhouses: 9 SOLD, $277,500 - $ 500,400;

  • Apartments: 11 SOLD, $302,500 - $484,000;

• Inventory Levels: By the end of May, Seton had approximately 70 active listings, a slight decrease from April. This limited inventory has contributed to a competitive market, particularly for well-located properties.

• Days on Market: Homes in Seton sold more quickly, with the average days on market dropping to 20 days. This quick turnover reflects the high demand for homes in this desirable community.

Buyer Trends

• Demographics: The buyer demographic in Seton is increasingly diverse, with a significant number of first-time homebuyers and young families drawn to the area’s family-friendly environment and amenities.

• Property Preferences: Single-family homes continue to be the most popular choice, but there is growing interest in townhouses and multi-family units, especially among buyers looking for affordable options with community benefits.

• Community Appeal: Seton’s appeal lies in its modern infrastructure, including retail shops, restaurants, and recreational facilities. The community’s focus on walkability and access to green spaces enhances its attractiveness.

Economic Factors

• Interest Rates: With stable interest rates continuing into May, buyers have been more inclined to enter the market. This economic climate fosters confidence in making long-term investments in real estate.

• Local Development: Seton is experiencing ongoing development, including new commercial projects and residential builds, which contribute to the community’s growth and desirability.

Outlook

As we move into the summer months, the Seton real estate market is expected to remain active. Continued demand, combined with limited inventory, may drive prices upward. Buyers should be prepared for potential bidding wars on sought-after properties, while sellers may benefit from favorable market conditions.

Conclusion

May 2024 has proven to be a positive month for the Seton community in SE Calgary, characterized by increased sales, rising prices, and a competitive market environment. As the community evolves and expands, stakeholders should stay informed about market trends and economic factors that could impact future growth.

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For latest community market report, SIGNUP HERE.

Seton Community Market Report

Overview: Seton continues to experience a dynamic real estate market as of March 2024. The area has seen significant growth over the past year, driven by new developments, an increase in demand for housing, and a vibrant community atmosphere.

Market Trends:

1. Home Prices:

   • The average home price in Seton has risen by approximately 8% year-over-year, currently sitting around $470,625. This upward trend reflects both demand and a limited inventory of homes.

   • Detached single-family homes are particularly popular, with prices averaging $712,433, while townhomes are averaging $468,698.

2. Sales Activity:

   • March saw a notable increase in sales activity, with approximately 31 homes sold, increased from last year.

     6 SOLD Detached houses $610,000 - $950,000.

     1 SOLD Duplex house $595,000.

     7 SOLD Townhouses $268,000(Bungalow style) - $569,900.

     17 SOLD Apartments $288,000(1-bed-1-bath) - $469,900 (3-bed-2-bath).

   • The average days on market for homes decreased to 25 days, indicating a competitive environment where homes are selling quickly.

3. Inventory Levels:

   • The inventory of available homes remains low, with only about 58 properties listed for sale in March.

   • New construction continues to contribute to inventory but has not yet fully met the growing demand.

4. Buyer Demographics:

   • First-time homebuyers make up a significant portion of the market, drawn by affordable options in townhomes and smaller single-family homes.

   • There’s also a noticeable interest from young families and professionals seeking proximity to amenities and schools.

5. Market Outlook:

   • Analysts predict that the demand for homes in Seton will continue to rise throughout 2024, driven by ongoing economic development and an influx of residents.

   • Interest rates, while fluctuating, remain historically low, which may further stimulate buyer interest despite concerns about inflation.

Community Developments:

• New retail spaces and community centers are in the works, enhancing the overall appeal of Seton. These developments are expected to attract more residents and increase the demand for housing.

Conclusion: Seton’s real estate market in March 2024 is characterized by rising prices, low inventory, and strong demand, particularly among first-time buyers. As the community grows and new developments continue, Seton remains an attractive option for both buyers and investors in the Calgary area.

For more detailed insights or specific property listings, feel free to reach out!

Contact us for a Free Home Evaluation.

For latest community market report, SIGNUP HERE.

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.

Contact us for a Free Home Evaluation.

For latest community market report, SIGNUP HERE.

Overview

As of May 2022, Seton continues to navigate the ongoing effects of the COVID-19 pandemic while demonstrating resilience in its real estate market. The community, known for its modern amenities and family-oriented environment, remains a desirable location for both homebuyers and investors.

Market Highlights

• Sales Activity:

  • In May 2022, Seton only recorded 13 home sales, reflecting a market lingering uncertainties related to the pandemic. This represents a slight decline compared to earlier months but indicates continued interest.

  • The average days on market for sold homes was approximately 16 days, suggesting a relatively competitive environment where properties are still moving quickly.

• Pricing Trends:

  • The average sale price for homes in Seton was around $424,762, marking a 5% increase year-over-year from May 2021. The pandemic's influence on buyer preferences has led to a strong demand for homes with more space.

  • 3 SOLD Detached homes averaged $702,933;

    2 SOLD Duplexes averaged $539,350;

    2 SOLD Townhouses $229,900 - $420,000; 32 days on the market

    6 SOLD Apartments maintained an average price of about $277,417; 22 days on the market.

Seton continues to thrive with a variety of amenities that enhance its appeal during the pandemic:

• Shopping and Dining: The Seton Urban District offers diverse retail and dining options, with many businesses adapting to offer takeout and online services, catering to changing consumer behaviors.

• Parks and Recreation: The abundance of parks and green spaces has become increasingly important, providing residents with outdoor areas for exercise and social distancing.

• Transportation: Seton's connectivity to major roadways and public transit remains a significant advantage, especially as remote work patterns evolve.

Conclusion

Despite the ongoing challenges posed by COVID-19, the real estate market in Seton showed resilience in May 2022, characterized by stable sales activity and continued price appreciation. The community's appealing amenities and lifestyle options continue to attract buyers looking for quality living spaces.

Recommendations

For potential buyers, it’s advisable to remain proactive and prepared, as demand may outpace supply in certain segments. Sellers should consider the current market conditions as an opportunity to list their properties, capitalizing on buyer interest.