Market Overview

The real estate market in Chaparral experienced a mixed start to 2025, with sales declining but home prices continuing their upward trend. Inventory levels increased significantly, indicating a shift towards a more balanced market compared to previous years.

• Total Sales: 8 transactions (-38% year-over-year)

• New Listings: 14 (+17% year-over-year)

• Benchmark Price: $651,800 (+3.8% year-over-year)

• Months of Supply: 1.63 months (+117% year-over-year)

Market Trends by Property Type

• Detached Homes:

  • Sales: 5 (-38% YoY)

  • Inventory: 11 (+22% YoY)

  • Benchmark Price: $729,200 (+5% YoY)

  • Detached homes continue to see price appreciation despite lower sales volume, indicating steady demand for single-family homes in Chaparral.

• Semi-Detached Homes:

  • Sales: 1 (unchanged YoY)

  • Inventory: 1 (unchanged YoY)

  • Benchmark Price: $593,500 (+6% YoY)

  • The semi-detached market remains stable, with limited inventory keeping prices strong.

• Row Homes (Townhouses):

  • Sales: 1 (-67% YoY)

  • Inventory: 1 (-50% YoY)

  • Benchmark Price: $470,200 (+2% YoY)

  • A significant drop in sales and inventory could signal a lack of available options or shifting buyer preferences.

• Apartments:

  • Sales: 1 (unchanged YoY)

  • Inventory: 1 (unchanged YoY)

  • Benchmark Price: $324,600 (+4% YoY)

  • Modest price growth suggests stable demand for apartment-style living in Chaparral.

2025 Real Estate Outlook

• Slower Sales, but Price Stability: Sales are expected to remain lower in the short term due to affordability constraints, but limited supply should help sustain moderate price growth.

• Inventory Growth & Balanced Market: The rise in inventory suggests a more balanced market, easing pressure on buyers facing competitive conditions in 2024.

• Interest Rates & Affordability: Mortgage rates will play a key role in determining demand. If rates stabilize or decline, sales activity could rebound later in the year.

• Stronger Detached Home Market: Detached homes remain the dominant and most resilient segment, with continued price appreciation likely.

In summary, Chaparral's real estate market in 2025 is moving towards a more balanced environment, with increasing inventory and slowing sales, but home values remain on an upward trend. Buyers may see better opportunities, while sellers can still expect strong pricing, especially in the detached home segment.

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Market Overview

• Total Residential Benchmark Price: $656,000 (+4.2% Year-over-Year)

• Total Sales: 15 (+67% Y/Y)

• New Listings: 9 (+80% Y/Y)

• Inventory: 9 (+13% Y/Y)

• Months of Supply: 0.60 months (indicating a strong seller’s market)

December saw a notable increase in sales activity (+67% Y/Y), despite a rise in inventory (+13%). The months of supply remained low at 0.60, signaling strong demand and a seller-favored market.

Market Trends:

• Detached Homes

  • Benchmark Price: $731,600 (+9% Y/Y)

  • Sales: 9 (+50% Y/Y)

  • Months of Supply: 1.40

  • Inventory: 5 (+150% Y/Y)

• Semi-Detached Homes

  • Benchmark Price: $599,300 (+10% Y/Y)

  • Sales: 1 (unchanged)

  • Inventory: 1 (unchanged)

• Row Homes

  • Benchmark Price: $476,400 (+4.2% Y/Y)

  • Sales: 3 (+200% Y/Y)

  • Inventory: 2 (unchanged)

• Apartments

  • Benchmark Price: $326,200 (+8.1% Y/Y)

  • Sales: 2 (+100% Y/Y)

  • Inventory: 1

2024 Annual Market Summary for Chaparral

• Total Residential Sales in 2024: 204 (-3% Y/Y)

• New Listings: 241 (+3% Y/Y)

• Benchmark Price: $665,308 (+8.9% Y/Y)

• Median Price: $675,000 (+8% Y/Y)

• Average Price: $675,909 (+11.8% Y/Y)

• Sales-to-New-Listings Ratio: 0.85 (Balanced Market)

In 2024, Chaparral experienced steady price growth (+8.9%), fueled by strong demand for detached homes. Sales remained relatively stable, with only a slight decline (-3%). The inventory increase (+3%) suggests a more balanced market in 2025.

Comparable Market Insight:

Benchmark Prices Comparison (Dec 2024):

• Chaparral: $656,000

• Walden: $619,500

• Legacy: $607,200

• Wolf Willow: $580,900

Chaparral continues to lead in home values compared to nearby communities, reflecting its mature market, established amenities, and lake access appeal.

Sales Activity (Dec 2024):

• Chaparral: 15 sales (+67% Y/Y)

• Walden: 10 sales (-20% Y/Y)

• Legacy: 18 sales (+12% Y/Y)

• Wolf Willow: 22 sales (+40% Y/Y)

Wolf Willow and Legacy saw stronger sales growth compared to Chaparral, likely due to newer developments and affordability.

Conclusion & Outlook for 2025

• Chaparral remains a top choice for buyers seeking an established, family-friendly community with lake access and strong home values.

• Affordability in nearby communities (Walden, Legacy, and Wolf Willow) may shift demand, but Chaparral’s premium status and amenities will continue to attract buyers.

• A balanced market is expected in 2025, with price growth stabilizing and inventory levels increasing.

• Walden and Legacy offer growing competition as they attract buyers seeking affordability and newer homes.

• Wolf Willow’s rapid growth may pressure prices in surrounding areas, but Chaparral’s established market position should maintain its value strength.

The Chaparral real estate market in November 2024 experienced moderate price growth, with an 11.1% year-over-year (Y/Y) increase in total residential benchmark price, reaching $661,500. Sales activity declined by 38% Y/Y, with 10 total residential sales, while inventory increased by 54% to 20 active listings. The sales-to-new-listings ratio stood at 0.63, indicating a balanced market but with a trend towards more supply.

The months of supply rose to 2.00 months, suggesting a more favorable environment for buyers compared to previous months.

Market Trends:

• Detached Homes

  • Benchmark Price: $734,300 (+9% Y/Y)

  • Sales: 10 (-23% Y/Y)

  • Inventory: 11 active listings

  • Months of Supply: 1.40 months (up Y/Y)

  • Detached homes continue to dominate the market, showing steady price appreciation despite a sales slowdown.

• Semi-Detached Homes

  • Benchmark Price: $599,000 (+10% Y/Y)

  • Sales: 0 (No recorded transactions)

  • Inventory: 0

  • Months of Supply: N/A

  • No recorded sales for semi-detached properties in November 2024, indicating low demand or limited supply.

• Row Homes

  • Benchmark Price: $488,800 (+6% Y/Y)

  • Sales: 0 (No recorded transactions)

  • Inventory: 3 listings

  • Months of Supply: 2.00 months

  • Row home sales were stagnant, but inventory levels suggest potential future interest.

• Apartments

  • Benchmark Price: $335,200 (+5% Y/Y)

  • Sales: 0 (-100% Y/Y)

  • Inventory: 2 listings

  • Months of Supply: N/A

  • Apartment sales saw a sharp decline, indicating low buyer interest in this segment.

Community Features & Demand Factors

• Strong appeal for families: Chaparral remains a popular choice for families due to lake access, recreational facilities, parks, and proximity to schools.

• Stable detached home market: Despite a decline in sales, detached home prices continued to rise, reflecting strong demand for larger properties.

• Increasing inventory: More listings suggest a cooling market, giving buyers more options.

• Affordability shifts: The strongest price growth was in the detached and semi-detached markets, while apartments and row homes showed limited activity.

Outlook

• Chaparral remains a seller’s market for detached homes due to limited supply, while increasing inventory levels could lead to a more balanced market in early 2025.

• The lack of sales in apartments and row homes indicates buyer preference for larger homes, a trend consistent with suburban demand.

• Higher inventory and rising months of supply suggest that home price growth may stabilize in the coming months, offering more opportunities for buyers.

Market Overview

In October 2024, Chaparral's real estate market saw 14 residential sales, a 17% increase year-over-year (Y/Y), signaling sustained buyer interest. New listings also grew 13% Y/Y to 17 properties, increasing inventory by 25% Y/Y to 20 active listings.
The benchmark price for total residential properties was $665,900, up 4.7% Y/Y, reflecting ongoing price growth despite rising inventory.

Market Trends:

1. Detached Homes

   • Sales: 10 (↑11% Y/Y)

   • New Listings: 15 (↑15% Y/Y)

   • Benchmark Price: $741,400 (↑7% Y/Y)

   • Months of Supply: 1.70, indicating a balanced market for detached homes.

2. Semi-Detached Homes

   • Sales: 0 (No activity)

   • Benchmark Price: $610,300 (↑9% Y/Y)

   • The semi-detached market had no sales in October, reflecting low transaction volume in this segment.

3. Row/Townhomes

   • Sales: 3

   • Benchmark Price: $482,200 (↑7% Y/Y)

   • Townhomes remain an attractive option for affordability, with moderate sales activity.

4. Apartments

   • Sales: 1

   • Benchmark Price: $337,200 (↑5% Y/Y)

   • Condo sales continue at a slow but steady pace, with prices gradually increasing.

Community Features & Lifestyle

• Lake Access & Outdoor Living: Chaparral is known for its lake community, offering private beaches, fishing, boating, and scenic walking paths, making it desirable for families and outdoor enthusiasts.

• Schools: The neighborhood offers access to top-rated schools, including Chaparral School (K-6), St. Sebastian Catholic School (K-6), and Centennial High School, attracting families seeking quality education.

• Transportation & Accessibility: Easy access to MacLeod Trail, Stoney Trail, and public transit routes makes commuting to downtown Calgary or other areas convenient.

• Amenities & Shopping: Chaparral residents enjoy local shopping plazas, restaurants, and services, with nearby options at Shawnessy Shopping Centre and Seton Urban District.

Real Estate Outlook

• Balanced Market Expected: Increasing inventory levels may create more buying opportunities, shifting away from extreme seller’s market conditions.

• Price Growth to Continue: Benchmark prices have shown steady increases across all property types, suggesting ongoing demand.

• Stronger Demand for Detached Homes: This segment remains the most active, and prices are expected to appreciate further.

• Affordability & Interest Rates: The real estate market will depend on mortgage rate trends, which may impact sales volume and affordability in early 2025.

Chaparral remains a highly sought-after lake community, with steady home price appreciation and increasing sales activity. With strong amenities, schools, and outdoor living perks, it continues to attract families and professionals alike. While inventory is growing, demand remains strong, positioning the neighborhood for sustained real estate growth into 2025.

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