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.

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