Market Overview:
In November 2024, McKenzie Towne's real estate market showcased notable trends across various property types. The benchmark price for total residential properties stood at $496,100, marking a 4.3% year-over-year increase. Sales totaled 28 transactions, reflecting a slight decline of 3% compared to last year. Inventory levels were at 34 units, resulting in a months-of-supply ratio of 1.21, indicating a balanced market leaning towards sellers.

• Detached Homes: The benchmark price rose to $639,000, up by 3.4% year-over-year.

• Semi-Detached Homes: The benchmark price reached $478,800, showing an 8% increase.

• Row Housing: These units saw a price of $428,000, with a notable 7.9% yearly growth.

• Apartments: The benchmark price was $340,400, reflecting a 6.8% year-over-year rise.

Community Features and Shopping:
McKenzie Towne remains a vibrant community with its pedestrian-friendly design and ample amenities. Its commercial district, High Street, offers a mix of boutique shops, restaurants, and essential services, making it a central hub for residents. Additionally, larger retail outlets and grocery stores in the area cater to the daily needs of the community, enhancing its appeal as a family-friendly neighborhood.

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Overview

McKenzie Towne SE, a master-planned community in Calgary, saw a steady real estate market in October 2024 with sustained demand and price growth across residential property types. The community remains highly desirable due to its family-friendly environment, charming village-style layout, and access to amenities and green spaces.

Sales Activity

In October 2024, McKenzie Towne recorded 33 property sales, marking a slight year-over-year increase of 3%. New listings matched last year's levels with 35 homes entering the market, resulting in a balanced sales-to-new-listings ratio of 0.94. Inventory levels rose slightly to 39 active listings, giving the community a months-of-supply measure of 1.18—indicating continued demand for available properties.

Pricing Trends

The benchmark property price in McKenzie Towne reached $503,200, showing a healthy 6.4% increase over October 2023. The market showed gains across all housing categories:

• Detached Homes: Benchmark price of $650,200 with a modest increase of 3.1% YoY.

• Semi-Detached: Benchmark price of $482,500.

• Row Houses: Benchmark price of $432,900.

• Apartments: Benchmark price of $343,000, marking a notable 9.7% increase YoY.

Overall, the median price for residential properties in McKenzie Towne rose to $500,000, reflecting a 21.2% increase. The average property price reached $516,221, a rise of 19.4%, showing strong buyer demand and price appreciation across housing types.

Market Dynamics

McKenzie Towne’s market remains competitive, with properties moving relatively quickly. The demand reflects the neighborhood’s appeal to families, professionals, and retirees alike due to its range of home styles, community-focused amenities, and the popular High Street retail area. The low months of supply underscores the neighborhood’s position in a seller’s market, which has been consistent throughout 2024.

Summary

McKenzie Towne's real estate market in October 2024 continues to thrive with increasing property values and sustained buyer interest. The community’s unique blend of charm, convenience, and lifestyle amenities makes it a standout neighborhood in Calgary’s SE quadrant. With consistent appreciation in prices and steady sales activity, McKenzie Towne remains a favorable choice for both homeowners and investors looking for stability and growth.

Market Overview McKenzie Towne’s real estate market continued to show moderate growth with sustained demand across different housing types, but it also experienced some variation in inventory and prices year-over-year.

Sales and Inventory

• Total Residential Sales: 33 properties, reflecting a year-over-year increase of 3%.

• New Listings: 35 properties, indicating no significant change from October 2023.

• Inventory: Increased by 56% year-over-year to 39 units, a sign of growing supply in response to steady demand.

• Months of Supply: Increased to 1.18 months, a 56% increase, showing a slight cooling from a highly competitive market.

• Average Days on the Market: 24 days

Property Types and Price Trends

1. Detached Homes:

   • Sales: 16 properties, up by 45% from last year.

   • Inventory: 13 properties, slightly down by 7%.

   • Benchmark Price: $650,200, a 3.1% year-over-year increase.

   • Price range: $500,000 - $950,000.

   • Average Days on the Market: 23 days

2. Semi-Detached Homes:

   • Sales: 2 properties, unchanged from last year.

   • Inventory: 5 properties, marking a 25% increase.

   • Benchmark Price: $482,500, reflecting a robust 9.7% price increase year-over-year.

   • Price range: $450,000 - $505,000.

   • Average Days on the Market: 9 days

3. Row Homes:

   • Sales: 5 units, down by 29% compared to October 2023.

   • Inventory: 8 units, a significant 167% increase.

   • Benchmark Price: $432,900, up by 9.3% from last year.

   • Price range: $319,500 - $435,000.

   • Average Days on the Market: 24 days

4. Apartments:

   • Sales: 10 units, decreasing by 17%.

   • Inventory: 9 units, down by 36%.

   • Benchmark Price: $343,000, up by 9.6% year-over-year.

   • Price range: $230,000 - $450,000.

   • Average Days on the Market: 28 days

Price Trends

• Total Residential Benchmark Price: $503,200, representing a 6.4% increase year-over-year, indicating overall appreciation in property values across McKenzie Towne.

Conclusion McKenzie Towne’s real estate market remains active and largely balanced. The slight increase in inventory and months of supply suggests a shift toward a more balanced market, with home prices continuing to appreciate across property types. Buyers can expect a moderate pace in the market, with slightly less pressure compared to previous months.

McKenzie Towne Community Market Report

Overview: As of September 2024, McKenzie Towne continues to be a highly sought-after community in Calgary, known for its picturesque streets, diverse amenities, and strong community feel. This vibrant neighborhood appeals to a wide range of buyers, including families, young professionals, and retirees.

Market Highlights:

• Average Home Price: The average home price in McKenzie Towne is approximately CAD 499,900, reflecting a 5.2% increase from September 2023. This consistent appreciation indicates sustained demand for properties in the area.

• Sales Activity: In September 2024, 38 homes were sold, up from 35 sales in September 2023, marking a 14.3% increase in transactions. This uptick highlights the ongoing interest and activity in the market.

• Days on Market: Homes in McKenzie Towne are selling more swiftly, with an average of 22 days on the market, down from 27 days in the same month last year. This decrease suggests a competitive environment, with buyers motivated to act quickly.

• Inventory Levels: The market featured about 42 active listings at the end of September 2024, down from September 2023. This reduction in inventory has contributed to upward pressure on prices and faster sales.

Market Segmentation:

• Detached Homes: The single-family home segment remains robust, with 19 SOLD prices typically ranging from $550,000 to $975,000. Properties with updated interiors and larger lots are particularly desirable among buyers.

• Townhomes: 5 SOLD Townhomes, $380,500-$469,900, are increasingly popular among first-time buyers and young families looking for affordable living options within a well-established community.

• Apartments: The condo market has seen steady activity, with 10 SOLD $224,000-$448,000. 

Neighborhood Insights:

• McKenzie Towne offers a range of amenities, including parks, pathways, and a lively town center featuring shops, restaurants, and services. These attractions contribute to the community's overall appeal and enhance the quality of life for residents.

• The community's focus on events and activities fosters a strong sense of belonging, making McKenzie Towne a favored choice for families and individuals alike.

Conclusion: The McKenzie Towne real estate market has demonstrated resilience and growth in September 2024. With rising home prices and increased sales activity, it is evident that demand for properties in this community remains strong. The balance of supply and demand continues to influence market dynamics.

Outlook: Looking ahead, market conditions are expected to remain stable, although seasonal trends may impact inventory levels. The attractive lifestyle and amenities offered by McKenzie Towne will likely continue to drive buyer interest in the coming months.

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McKenzie Towne Community Market Report

Overview: As we conclude the third quarter of 2024, McKenzie Towne remains a highly desirable community in Calgary, known for its charming architecture, strong community vibe, and extensive amenities. The area continues to attract a mix of families, first-time buyers, and retirees, contributing to a dynamic real estate market.

Market Highlights:

• Sales Activity: A total of 127 homes were sold in Q3 2024, compared to 95 homes in the same quarter last year, indicating a 15.8% increase in sales activity. This surge in transactions points to a competitive market with strong buyer interest.

• Days on Market: Homes in McKenzie Towne are selling more quickly, with an average of 24 days on the market, down from 29 days in Q3 2023. This reduction demonstrates the urgency among buyers in the current landscape.

• Inventory Levels: The community had approximately 70 active listings at the end of September 2024, down from 80 listings in Q3 2023. This decline in inventory has put additional pressure on prices and contributed to the faster sales pace.

Market Segmentation:

• Detached Homes: The single-family home segment remains robust, with 51 SOLD prices generally ranging from $520,000 to $989,900. Homes featuring modern finishes and larger yards are particularly sought after.

• Duplex Houses: 14 SOLD, $483,500-$550,000.

• Townhomes: 27 SOLD, 4326,000-$525,000. Townhomes are popular, particularly among young families and first-time buyers looking for affordable options in a well-established community.

• Apartments: The condo market is also active, with 35 SOLD, $224,000-$450,000. 

Neighborhood Insights:

• McKenzie Towne offers a wealth of amenities, including parks, walking trails, and a vibrant town center with shops and restaurants. The community’s planned layout and aesthetic appeal make it attractive for residents.

• Strong community engagement and events foster a sense of belonging, making McKenzie Towne a favorite choice for families and individuals alike.

Conclusion: The McKenzie Towne real estate market has shown resilience and growth throughout Q3 2024. With rising prices and increasing sales activity, it’s clear that the demand for homes in this community remains strong. The balance of supply and demand is critical to understanding the current market dynamics.

Outlook: As we approach the final quarter of the year, market conditions are expected to remain stable, although seasonal trends may affect inventory levels. The continued appeal of McKenzie Towne’s lifestyle and amenities is likely to sustain buyer interest moving forward.

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Overview

As of August 2024, McKenzie Towne in Southeast Calgary remains an attractive community for homebuyers, characterized by steady demand, rising prices, and a diverse selection of properties. This report provides a detailed look at the market dynamics, pricing trends, and community features that are shaping the real estate landscape in McKenzie Towne.

Market Trends

1. Sales Activity:

   • August 2024 saw a 12% increase in sales compared to August 2023, indicating a robust buyer interest.

   • A total of 45 properties were sold during the month, including a mix of single-family homes, duplex house, townhouses, and condos. 

2. Pricing:

   • 18 SOLD Detached houses $520,000 - $880,000;

   • 3 SOLD Duplex houses $483,000-$510,000;

   • 10 SOLD Townhouses $326,000-$525,000;

   • 14 SOLD Apartments $255,000-$450,000.

3. Days on Market:

   • Homes are selling more quickly, with an average of 29 days on the market, down from 35 days in August 2023. This decline suggests a competitive environment, particularly for well-maintained properties.

Inventory Levels

• Current Listings: There are approximately 70 active listings in McKenzie Towne, offering a variety of options for potential buyers.

• The inventory turnover rate is favorable, with properties generally selling within a month of listing, indicating strong demand and a balanced market.

Community Insights

• Demographics: McKenzie Towne attracts a mix of families, young professionals, and retirees, thanks to its community-focused atmosphere and family-friendly amenities.

• Amenities: The community boasts numerous amenities, including parks, schools, walking paths, and shopping centers, contributing to its overall appeal. The vibrant community spirit and organized events further enhance the living experience.

Economic Factors

• The local economy continues to strengthen, with low unemployment rates bolstering consumer confidence and supporting the housing market.

• Interest rates remain stable, which encourages buyer activity and provides a favorable environment for those looking to finance their home purchases.

Conclusion

The real estate market in McKenzie Towne is thriving as of August 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The community's desirable amenities and strong economic fundamentals make it a sought-after location for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: Given the competitive market, consider acting quickly on attractive listings and getting pre-approved for financing to enhance your offer.

• Sellers: Price your home strategically based on current market trends and consider making minor upgrades to boost its appeal to potential buyers.

This report offers a snapshot of the current state of the McKenzie Towne real estate market, providing valuable insights for prospective buyers and sellers.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

As of July 2024, McKenzie Towne in Southeast Calgary is experiencing a dynamic real estate market marked by increased sales activity, rising home prices, and a variety of housing options. This report provides insights into current market trends, pricing, inventory levels, and community attributes that influence the real estate landscape in McKenzie Towne.

Market Trends

1. Sales Activity:

   • July 2024 saw a 10% increase in sales compared to July 2023, indicating sustained buyer interest in the area.

   • A total of 44 properties were sold this month, including a mix of single-family homes, townhouses, and condos. 

2. Pricing:

   • 14 SOLD Detached houses $557,000-$989,900;

   • 7 SOLD Duplex houses $494,000-$535,000;

   • 12 SOLD Townhouses $349,900-$479,000;

   • 11 SOLD Apartments $262,000-$329,000;

3. Days on Market:

   • Homes in McKenzie Towne are selling more quickly, with an average of 29 days on the market, down from 35 days in July 2023. This trend highlights a competitive market environment, particularly for well-priced and appealing listings.

Inventory Levels

• Current Listings: There are approximately 75 active listings in McKenzie Towne, offering a range of options for buyers.

• The inventory turnover rate remains favorable, with properties typically selling within a month of listing, indicating strong demand.

Community Insights

• Demographics: McKenzie Towne attracts a diverse demographic, including families, young professionals, and retirees, drawn by its community-focused environment and family-friendly amenities.

• Amenities: The community features numerous parks, playgrounds, walking paths, and a local community center. Access to schools and nearby shopping areas further enhances its appeal, making it an attractive location for families.

Economic Factors

• The Calgary economy is showing signs of stability, with low unemployment rates contributing to increased consumer confidence in the housing market.

• Stable interest rates are encouraging buyer activity, making it an opportune time for prospective homeowners to explore financing options.

Conclusion

The real estate market in McKenzie Towne is thriving as of July 2024, characterized by increased sales, rising prices, and a competitive atmosphere. The combination of desirable community features and economic stability makes McKenzie Towne a sought-after destination for homebuyers.

Recommendations for Buyers and Sellers:

• Buyers: Given the competitive nature of the market, it’s advisable to act quickly on desirable listings and consider obtaining pre-approval for financing to enhance your offer.

• Sellers: Price your home competitively based on current market trends and consider staging or making minor improvements to attract buyers.

This report offers a comprehensive overview of the current state of the McKenzie Towne real estate market, providing valuable insights for prospective buyers and sellers.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.