In the first quarter of 2025, Aspen Woods, a prestigious neighborhood in southwest Calgary, exhibited diverse trends across various property types in its real estate market.
Detached Homes: Detached homes in Aspen Woods maintained robust valuations. In December 2024, the benchmark price for detached properties was $1,234,900. By February 2025, the median asking price had adjusted to $579,900, with a median sold price of $550,000. This fluctuation indicates a dynamic market, possibly influenced by seasonal factors and inventory levels.
Semi-Detached Homes: Specific data for semi-detached homes in Q1 2025 is limited. However, the broader Calgary market saw semi-detached benchmark prices at $673,600 in February 2025, reflecting an 8.3% annual increase. This suggests a positive trend that may extend to Aspen Woods.
Row/Townhouses: Row homes in Aspen Woods demonstrated notable appreciation. In December 2024, the benchmark price was $536,200, marking a 9.1% year-over-year increase. This growth underscores the rising demand for townhouses, likely due to their balance of space and affordability.
Apartments: Apartment-style condominiums also experienced significant growth. The benchmark price in December 2024 was $433,500, an 11% increase compared to the previous year. This trend reflects a growing interest in apartment living within the community.
Market Dynamics: The Aspen Woods real estate market in early 2025 was characterized by limited inventory and competitive conditions. In February 2025, there were 15 new listings and 5 properties sold, with an average of 25 days on the market. The median sold price was $550,000, approximately 6% below the median asking price, indicating some negotiation between buyers and sellers.
Aspen Woods is renowned for its vibrant community life and upscale amenities. The neighborhood offers access to top-rated schools such as Webber Academy and Calgary Academy, making it a prime choice for families. Residents enjoy proximity to Aspen Landing Shopping Centre, featuring boutique shops, fine dining, and essential services. Additionally, the area boasts numerous parks and green spaces, fostering an active and engaged community atmosphere.
In summary, Aspen Woods' real estate market in Q1 2025 showcased varied trends across property types, with notable appreciation in row homes and apartments. The community's desirable amenities and active lifestyle continue to attract a diverse range of buyers.