Royal Oak experienced a slowdown in sales volume in Q1 2025, though home prices showed resilience, and inventory levels rose:

• Sales: 32 homes sold (-22% YoY), below the 10-year Q1 average of 43.

• New Listings: 64 (+10.34% YoY)

• Sales-to-New-Listings Ratio (SNL): 50% – a balanced market with growing inventory.

• Average Days on Market: 32 days (+178.5% YoY)

• Average Inventory: 25 homes (+72.1% YoY)

• Months of Supply: 2.31 – significantly higher, indicating shifting power toward buyers

• Benchmark Price (All Residential): $630,100 (+1.12% YoY)

🏠 Market Trends

🏡 Detached Homes

• Sales: 10 units (-56.5% YoY)

• Benchmark Price: $833,000 (+5.6% YoY)

• Average Price: $772,830 (-4.3% YoY)

• Median Price: $777,000

• Detached homes dominate Royal Oak’s housing stock and saw strong year-over-year price growth. However, the volume of sales was down significantly, with more high-end listings entering the market, leading to longer DOM and higher inventory.

🏘 Row Homes

• Benchmark Price: $478,600 (+6.03% YoY)

• Average Price: $522,100 (+14.97% YoY)

• Median Price: $487,250 (+7.29% YoY)

• Row homes were a standout segment in Q1 2025. With sharp price increases and solid turnover, this type is increasingly popular among young families and move-down buyers.

🏢 Apartments

• Benchmark Price: $322,033 (-4.23% YoY)

• Average Price: $300,182 (-5.39% YoY)

• Median Price: $310,000 (-10.14% YoY)

• Apartment prices softened, reflecting higher supply and cooling demand in the entry-level buyer segment. However, they remain attractive due to affordability.

🏚 Semi-Detached Homes

• Benchmark Price: $540,000 (+12.5% YoY)

• Few sales recorded, but price metrics indicate growing interest. Semi-detached homes provide a middle ground between detached and row offerings, often appealing to downsizers.

📉 Price Range Activity

• The majority of home sales fell between $500K–$799K.

• High SNL ratios were found in the $500K–$599K and $600K–$699K brackets, showing strongest buyer activity.

• Detached homes were prevalent in the $700K+ range, while apartments and row homes clustered below $500K.

🏫 Royal Oak Community Highlights 

👩‍🏫 School & Education News

• Royal Oak School (K–3) introduced a digital storytelling program, encouraging students to blend creativity with tech tools – a project that’s drawn praise and interest from local families.

• William D. Pratt School (grades 4–9) expanded its science lab facilities with support from a community fundraiser, reinforcing Royal Oak’s appeal to education-focused families.

🌿 Community Engagement

• The Royal Oak Community Association organized its popular "Skate the Pond" winter festival in January, featuring outdoor skating, music, and food trucks.

• Ongoing planning is underway for trail upgrades in Royal Birch Park and expanded recycling bins in residential zones – initiatives that align with Royal Oak’s commitment to family living and sustainability.

🔑 Key Takeaways

• Royal Oak is transitioning toward a more balanced market, with rising inventory and slightly slower sales, especially in the detached segment.

• Row homes are surging in price and popularity, likely due to affordability constraints in detached properties.

• Apartments are adjusting with price softening but continue to provide accessible housing for new buyers.

• Strong school initiatives and community-driven events uphold Royal Oak’s status as a desirable, family-centric neighborhood.

Market Trends:

• Detached Homes

  • Sales: 4 transactions (+300% Y/Y, compared to 1 in Jan 2024)

  • Inventory: 8 units (+60% Y/Y)

  • Benchmark Price: $814,400, stable with 6% Y/Y growth

  • Months of Supply: 2.00, signaling a balanced market

• Semi-Detached Homes

  • No sales reported in January (same as previous year)

  • Inventory: 2 units

  • Benchmark Price: $554,100 (N/A due to low sales activity)

• Row Homes

  • Sales: 3 transactions (+200% Y/Y, compared to 1 in Jan 2024)

  • Inventory: 8 units (+700% Y/Y)

  • Benchmark Price: $474,000, reflecting 8.4% Y/Y growth

  • Months of Supply: 1.91, indicating a slight seller’s advantage

• Apartments

  • Sales: 4 transactions (-43% Y/Y, compared to 7 in Jan 2024)

  • Inventory: 7 units (same as previous year)

  • Benchmark Price: $320,900, up 7.6% Y/Y

• Overall Market Trends

  • Total Residential Sales: 11 transactions (+22% Y/Y)

  • New Listings: 25 listings (+79% Y/Y)

  • Total Residential Benchmark Price: $624,700 (+2.8% Y/Y)

  • Months of Supply: 1.91, showing a tighter market than last year

Comparison with Previous Months

Market Insights

• Sales volume increased in January, showing a stronger start to the year compared to December.

• New listings surged by 212%, bringing more inventory onto the market.

• Detached and row home sales showed strong Y/Y growth, while apartment sales declined.

• Prices remained stable with modest gains, reflecting continued demand.

2025 Real Estate Outlook for Royal Oak

• Continued price growth is expected, driven by sustained demand in detached and row homes.

• Tighter supply conditions may lead to increased competition, particularly in affordable property segments.

• Interest rate fluctuations could impact affordability, influencing buyer activity in higher price ranges.

• New listings will be key in shaping the market balance—if inventory remains limited, price growth could accelerate.

January 2025 started with strong sales momentum in the detached and row home sectors, while apartments experienced a slowdown. New listings increased significantly, offering more choices for buyers. The overall market remains in favor of sellers, but higher inventory levels could bring a more balanced market in the coming months.

Market Trends:

• The benchmark price for total residential properties in Royal Oak reached $611,900, a 2.3% increase year-over-year.

• Detached homes had a benchmark price of $786,000, while row homes and apartments were priced at $491,100 and $317,800, respectively.

• Sales activity saw a 23% decline, with 10 homes sold in December.

• New listings dropped by 38% to 8 properties, leading to limited supply in the market.

• Inventory levels increased by 91% compared to last year, with 21 active listings.

• Months of supply stood at 2.10, indicating a market slightly favoring sellers but trending towards balance.

Annual Summary – Royal Oak 2024

Market Performance:

• Total sales for the year were 196, a slight 3% decline compared to 2023.

• New listings increased by 13%, with 274 properties listed throughout the year.

• The benchmark price for all residential properties rose to $630,475, marking a 7.7% annual increase.

• The average price climbed 13.9% to $609,191, reflecting strong demand and price appreciation.

• The median price also saw significant growth, rising 30.2% to $657,350.

Key Market Observations:

• Despite higher prices, sales volume remained stable, with minor fluctuations throughout the year.

• Inventory levels increased by 52%, providing more options for buyers.

• The sales-to-new-listings (S/NL) ratio was 0.72, indicating a more balanced market compared to previous years.

Market Trends:

• Total Residential Market: The benchmark price reached $620,000, reflecting a 2.8% year-over-year (Y/Y) increase.

• Detached Homes:

  • Sales: 5 transactions (-67% Y/Y)

  • Inventory: 6 homes available (-33% Y/Y)

  • Benchmark Price: $793,300, up 13.8% Y/Y

• Semi-Detached Homes:

  • Sales: 0 transactions

  • Inventory: 3 homes available

  • Benchmark Price: N/A

• Row Homes (Townhouses):

  • Sales: 2 transactions (+100% Y/Y)

  • Inventory: 11 homes available (+100% Y/Y)

  • Benchmark Price: $499,800, up 4.9% Y/Y

• Apartments:

  • Sales: 3 transactions (flat Y/Y)

  • Inventory: 13 units available (flat Y/Y)

  • Benchmark Price: $328,500, up 3% Y/Y

• Market Supply: The months of supply rose to 3.3, indicating a move towards a balanced market.

Community Features

Schools & Education

Royal Oak is home to well-rated schools, making it a family-friendly community:

• Royal Oak School (K-3, public)

• William D. Pratt School (Grades 4-9, public)

• Bearspaw Christian School (K-12, private)

• Tuscany School & St. Basil School are nearby for alternative education options.

LRT Station & Transportation

• Tuscany LRT Station is the closest C-Train station, providing convenient downtown access.

• The Stoney Trail NW ring road ensures quick travel to all parts of Calgary.

• Several bus routes connect Royal Oak to the LRT and surrounding neighborhoods.

Shopping & Amenities

• Royal Oak Centre: Offers grocery stores, banks, cafes, and essential services.

• Creekside Shopping Centre & Beacon Hill Shopping Centre: Located nearby with big-box retailers like Costco, Home Depot, and Walmart.

• Crowfoot Crossing: A short drive away, featuring diverse shopping, dining, and entertainment options.

Recreation & Outdoor Spaces

• Royal Oak Ravine & Pathways: Extensive green spaces with walking trails.

• YMCA at Rocky Ridge: One of Calgary’s largest fitness and recreation centers.

• Nearby Golf Courses: Bearspaw Golf Club and Lynx Ridge Golf Course offer excellent facilities.

Conclusion & Market Outlook

• Price Growth: The market saw steady price increases, particularly for detached and row homes.

• Balanced Market: Higher inventory levels are cooling demand, making it easier for buyers.

• 2025 Forecast: Expect a stable market with moderate price growth, depending on interest rates and economic conditions.

Market Trends:

• Detached Homes: The benchmark price for detached homes in Royal Oak reached $797,500, reflecting a 7.7% year-over-year increase.

• Semi-Detached Homes: The data for semi-detached homes was not available.

• Row Houses: The benchmark price for row houses was $489,700, an increase of 12.2% from the previous year.

• Apartments: The benchmark price for apartments rose to $334,800, reflecting a 3.7% year-over-year increase.

• Total Residential Market: The overall benchmark price for residential properties was $622,400, a 3.8% increase from last year.

Sales and Inventory

• Total residential sales for October 2024 were 12, an 8% decrease compared to last year.

• Inventory levels increased to 31 active listings, marking a 19% increase.

• New listings rose to 19, a 19% increase compared to last year.

• Months of supply increased to 2.58, indicating a balanced market, though trending towards a buyer’s market.

Community Features

• Schools: Royal Oak is home to reputable schools, including Royal Oak School (K-3) and William D. Pratt School (Grades 4-9). Nearby, Robert Thirsk High School serves older students.

• Transportation (LRT & Transit): The community is well-connected to public transit, with easy access to the Tuscany CTrain Station, providing a direct link to downtown Calgary.

• Shopping & Amenities: Royal Oak residents have convenient access to Royal Oak Centre, featuring grocery stores, retail shops, and dining options. Beacon Hill Shopping Centre is also nearby, offering big-box retailers.

• Community & Outdoor Spaces: The area is known for its green spaces, walking trails, and parks, making it attractive for families and outdoor enthusiasts.

The Royal Oak real estate market in October 2024 showed continued price growth across property types, with increased inventory and slower sales indicating a possible shift towards a more balanced or buyer-friendly market in the coming months. The community remains a desirable location due to its strong amenities, schools, and transit options.

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