Market Performance

In November 2024, Rangeview exhibited a mix of growth and stabilization within its real estate market:

• Total residential benchmark price: $695,000, showing a 10.3% decline year-over-year (Y/Y).

• Sales activity: A total of 7 units were sold, reflecting a significant 600% increase compared to November 2023.

• Inventory: 24 active listings, marking a 200% increase Y/Y, with 3.43 months of supply.

• Average days on market (DOM): Properties took an average of 62 days to sell.

Housing Types

• Detached homes: Represented strong activity with 4 sales (+300% Y/Y), a benchmark price of $755,000, and an inventory of 18 units.

• Semi-detached homes: Recorded 3 sales, with a benchmark price of $695,000 and inventory levels maintaining a balanced market.

Community Features

Rangeview is known for its unique blend of suburban charm and sustainable living:

1. Agricultural-Inspired Design: The community emphasizes garden-to-table living, featuring community gardens and green spaces designed for sustainable practices.

2. Recreation and Amenities: Residents enjoy access to outdoor recreational areas, parks, and pathways, making it ideal for active families.

Rangeview’s focus on sustainability, combined with improving market conditions, makes it a desirable neighborhood for environmentally conscious buyers and families looking for modern living with community-centric values.

Market Overview

As of October 2024, the real estate market in Rangeview, SE Calgary, is exhibiting positive trends characterized by increasing demand and stable pricing. This vibrant community continues to attract homebuyers due to its appealing amenities, family-friendly environment, and strategic location.

Key Market Statistics

• SOLD Home Price: $865,000-$874,999.94

  • An decrease of approximately 50% compared to October 2023.

• Home Sales:

  • ONLY 2 homes sold in the past month, representing a 52% increase year-over-year as the price of the houses were sold at higher price range.

• Current Listings:

  • 25 active listings, indicating a balanced market with options for various buyers.

• Days on Market:

  • Homes are selling quickly, with an average of 53 days on the market before receiving offers.

Buyer Demographics

The buyer demographic in Rangeview is primarily composed of young families, professionals including medical industry, and first-time homebuyers. The community's parks play a significant role in attracting families, while its modern amenities appeal to professionals seeking a suburban lifestyle.

Community Highlights

• Calgary's First Garden-to-Table Community

• Local Lifestyle: ​​​​Just 5 minutes from home, groceries, shops, restaurants, a movie theatre and even the world’s largest YMCA await.

• Community Gardens Gardens, orchards and greenhouses create opportunities for residents to learn about food planting, growing and harvesting.

• Parks & Pathways There's room to roam on scenic pathways circling wetlands, plus green spaces, playgrounds, sports fields & more.

• Urban Village Places to shop, dine and relax – Rangeview will have it all, with over 10 acres of quaint, walkable commercial areas.

Future Outlook

Looking ahead, Rangeview is expected to maintain its upward trajectory in real estate. Planned developments, including new retail spaces and additional parks, will likely enhance the quality of life for residents and increase property values.

• New Developments: Anticipated commercial developments are set to increase local shopping options and services.

• Infrastructure Improvements: Continued investment in infrastructure will improve accessibility and enhance the overall living experience.

Conclusion

The real estate market in Rangeview SE Calgary is strong and continues to thrive as a desirable community for buyers. With steady price growth, an array of amenities, and ongoing developments, Rangeview is well-positioned for future growth. For potential buyers and investors, now is an excellent time to consider opportunities in this vibrant neighborhood.

For further details or specific inquiries regarding listings, feel free to reach out!

Rangeview Community Market Report

Overview: As we conclude the third quarter of 2024, Rangeview has solidified its reputation as one of Calgary's most promising new communities. Known for its modern amenities, eco-friendly designs, and a strong sense of community, Rangeview continues to attract a diverse range of buyers, including families, young professionals, and first-time homeowners.

Market Highlights:

• Sales Activity: There were 19 homes sold in Q3 2024, this surge in sales indicates heightened demand and a competitive market environment. 

  15 SOLD Detached houses $595,000-$710,000;

  3 SOLD Duplex houses $589,900-$669,500;

  1 SOLD Townhouses $546,000;

• Days on Market: Homes in Rangeview are selling faster, with an average of 22 days on the market, down from 27 days in Q3 2023. This decrease demonstrates the urgency among buyers to secure properties in this desirable area.

• Inventory Levels: The market had approximately 30 active listings at the end of September 2024.

Neighborhood Insights:

• Rangeview’s design emphasizes community living, featuring parks, pathways, and green spaces that encourage outdoor activities and social interaction among residents. The emphasis on sustainability adds to its appeal.

• The community is well-connected to major roadways and nearby amenities, including shopping centers and schools, making it convenient for families and commuters.

Conclusion: The Rangeview real estate market has shown significant growth and resilience throughout Q3 2024. With increasing home prices and a marked rise in sales activity, it is evident that the demand for properties in this innovative community is robust. The ongoing balance of supply and demand will play a crucial role in shaping market dynamics.

Outlook: As we move into the final quarter of the year, the market is expected to remain stable, although seasonal trends may impact inventory levels. The continued appeal of Rangeview’s modern amenities and community-oriented lifestyle is likely to keep buyer interest strong in the coming months.

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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.

Contact us for a Free Home Evaluation.

For latest community market report, SIGNUP HERE.

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.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Rangeview Community Market Report 

There were 6 properties SOLD in July. Townhouses were over $500,000, while duplex houses were close to $600,000. Detached houses were SOLD between $620,000 and $786,000.

Community Insights

• Demographics: Rangeview continues to attract families, young professionals, and first-time homebuyers due to its affordable pricing compared to other SE Calgary neighborhoods.

• Amenities: The community benefits from close proximity to parks, schools, and shopping centers, enhancing its appeal. New developments and infrastructure projects are underway, further improving local amenities.

Economic Factors

• The Calgary economy is showing signs of recovery, with job growth contributing to increased consumer confidence in the housing market.

• Interest rates have stabilized, providing a conducive environment for buyers, despite previous fluctuations.

Conclusion

The real estate market in Rangeview SE, Calgary, is experiencing a positive trajectory in July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. As the community continues to develop and attract new residents, it is expected that the market will maintain its momentum in the coming months.

Recommendations for Buyers and Sellers:

• Buyers: Act promptly on desirable listings to avoid competition, and consider exploring various financing options given the current interest rate environment.

• Sellers: Position homes competitively based on recent market trends and work with a knowledgeable real estate agent to leverage current demand effectively.

This report serves as a snapshot of the Rangeview real estate market and should be used as a guide for making informed decisions in the housing sector.

Rangeview Real Estate Quarterly Report

The third quarter of 2023 proved to be a transformative period for the Rangeview community in Calgary, showcasing its growing appeal among homebuyers. Nestled within a picturesque landscape, Rangeview combines modern living with natural beauty, making it a sought-after destination for families and professionals alike.

Market Overview: In Q3 2023, Rangeview recorded 12 home sales. The average sale price rose to $572,400, reflecting a healthy demand and increasing property values. Buyers are particularly attracted to the community’s well-designed homes and proximity to amenities, such as schools and parks.

Inventory and Trends: The current market shows a total of 30 active listings, providing a variety of options including single-family homes and townhouses. Homes are selling quickly, with an average Days on Market (DOM) of 18 days, indicating a competitive landscape. This swift turnover underscores the community's desirability, as buyers are eager to secure properties in Rangeview. 5 SOLD Detached houses, $569,900-$730,000. 1 SOLD Duplex houses, $530,000; 6 SOLD Townhouses, $510,000-$534,500.

Community Insights: Rangeview stands out for its unique integration of nature and urban living, featuring an extensive network of pathways and green spaces. The community’s design encourages outdoor activities, fostering a strong sense of community among residents. Upcoming developments, including new retail spaces and recreational facilities, promise to enhance the lifestyle offerings even further.

Looking Ahead: As we move into Q4, the Rangeview real estate market is expected to remain active, though typical seasonal trends may introduce some fluctuations. Buyers should be prepared for potential competition, while sellers can capitalize on the current demand. Overall, Rangeview’s blend of convenience and community spirit positions it as a key player in Calgary’s evolving real estate landscape.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.