Market Trends

• Detached Homes: The benchmark price for detached homes reached $600,900, showing a 5% increase year-over-year.

• Semi-Detached Homes: The benchmark price rose to $524,900, marking a 6% increase from the previous year.

• Row Houses: The benchmark price for row houses was $375,800, which remained unchanged year-over-year.

• Apartments: No data available for apartments.

• Total Residential Market: The overall benchmark price for residential properties was $577,900, reflecting a 4.6% increase year-over-year.

Sales and Inventory

• Total residential sales for January 2025 were 18, representing a 50% increase from last year.

• New listings stood at 13, marking an 8% increase compared to last year.

• Inventory levels increased to 12 active listings, a 20% rise year-over-year.

• Months of supply was 0.67, indicating a strong seller’s market with limited inventory.

2025 Real Estate Outlook

• Continued Growth: Coventry Hills has seen consistent price appreciation, particularly in detached and semi-detached homes, suggesting strong demand.

• Supply Constraints: With low months of supply, homebuyers may face competition, pushing prices higher.

• Balanced Market Potential: If inventory increases in the coming months, Coventry Hills could move towards a more balanced market.

• Investment Appeal: The steady growth and affordability compared to other Calgary neighborhoods make Coventry Hills an attractive choice for buyers and investors.

The Coventry Hills real estate market in December 2024 continued to showcase steady demand, closing the year on a strong note. Despite seasonal slowdowns, the market remained resilient, with stable home prices and active buyer interest.

• Average Sale Price: The average sale price in Coventry Hills for December 2024 was $525,000, reflecting a 3% increase compared to the same period in 2023.

• Sales Volume: A total of 28 homes were sold, representing a 10% decrease from November due to seasonal trends.

• Days on Market (DOM): Homes spent an average of 32 days on the market, slightly longer than the previous month but within the annual average.

• New Listings: December saw 22 new listings, contributing to a relatively tight inventory and supporting stable property values.

Market Trends & Insights

• Steady Demand: Buyer demand persisted despite interest rate fluctuations, with well-priced homes receiving strong attention.

• Sellers Holding Value: Limited inventory helped sellers maintain competitive pricing, preventing major price reductions.

• Investor Interest: The rental market continued to attract investors, with steady rental yields adding to the area’s appeal.

• Mortgage Rates & Affordability: Mortgage rate adjustments influenced buyer behavior, though Coventry Hills remained a sought-after community due to affordability and amenities.

2024 Annual Summary

The Coventry Hills real estate market experienced significant trends throughout 2024:

• Overall Market Growth: Home values appreciated by an average of 5.2% over the year, reflecting strong buyer confidence and demand.

• Inventory Fluctuations: The market saw periods of both high and low inventory, affecting pricing and competition.

• Sales Performance: A total of 375 homes were sold throughout the year, with peak activity observed during the spring and early summer months.

• Influence of Economic Conditions: Interest rate adjustments and economic factors played a role in shaping buyer affordability and investment decisions.

Looking Ahead to 2025

• Continued Demand: Coventry Hills is expected to remain a desirable neighborhood, with strong interest from first-time homebuyers and investors.

• Stable Prices: Home values are forecasted to hold steady, barring any major economic shifts.

• Potential Inventory Increase: A rise in new listings could balance the market and provide more opportunities for buyers.

The Coventry Hills real estate market in November 2024 remained active, with steady demand across various property types. While sales volume saw a slight seasonal decline, home prices remained stable due to limited inventory and continued buyer interest.

• Average Sale Price: The average home price in Coventry Hills for November 2024 was $520,000, a slight dip from October but a 4% increase year-over-year.

• Sales Volume: A total of 32 homes were sold in November, reflecting a minor decrease compared to the previous month.

• Days on Market (DOM): Properties in Coventry Hills spent an average of 30 days on the market, slightly faster than the citywide average.

• New Listings: The number of new listings was 25, maintaining a competitive environment for buyers.

Market Trends

• Single-Family Homes: These remained the most in-demand, with steady appreciation and strong competition among buyers.

• Townhomes: Townhouses saw increased interest due to affordability, particularly from first-time buyers.

• Condos: Limited condo options in Coventry Hills led to stable pricing and consistent investor interest.

Community Insights

Schools

Coventry Hills offers access to well-rated schools, including:

• Coventry Hills School (K-4)

• Nose Creek School (5-9)

• Crescent Heights High School (10-12) Proximity to these schools continues to drive family interest in the area.

LRT Station & Transportation

• Road Access: Quick connections to Deerfoot Trail and Stoney Trail make commuting convenient.

Shopping & Amenities

• Country Hills Village Shopping Centre: Offers grocery stores, restaurants, and retail outlets.

• CrossIron Mills: A short drive away, this shopping hub provides additional retail and entertainment options.

• Local Amenities: Nearby gyms, medical centers, and cafes enhance livability.

Community Features

• Parks & Recreation: Coventry Hills Park and nearby Nose Creek Park provide walking trails and green spaces.

• Family-Friendly Environment: A strong sense of community with active resident engagement and local events.

• Future Developments: Ongoing infrastructure improvements are expected to enhance connectivity and services.

Market Trends

The real estate market in Coventry Hills for October 2024 exhibited the following key trends:

• Detached Homes: The benchmark price for detached homes was $604,100, marking a 10% year-over-year (Y/Y) increase.

• Semi-Detached Homes: The benchmark price for semi-detached homes rose to $530,300, reflecting a 9% Y/Y increase.

• Row/Townhouses: Row homes experienced a 15% Y/Y increase, with a benchmark price of $385,600.

• Apartments: No benchmark price was recorded for apartments in this period.

Property Sales and Inventory

• Total Sales in October: 12 properties were sold, representing a 48% decrease from the previous year.

• New Listings: 18 new listings entered the market, an 18% decrease year-over-year.

• Inventory: The total active inventory stood at 25 properties, a 39% increase from October 2023.

• Months of Supply: The months-of-supply ratio increased to 2.08, indicating a more balanced market compared to previous months​.

Community Features

Schools

Coventry Hills is a family-friendly neighborhood with access to multiple educational institutions, including:

• Northern Lights School

• Coventry Hills School

• Nose Creek School

• St. Clare School (Catholic)

These schools cater to students from elementary to middle school, with high school options available in nearby communities.

Transportation

• Public Transit: Coventry Hills is well-served by Calgary Transit bus routes that connect residents to major transit hubs.

• Road Access: The community offers quick access to Stoney Trail, Deerfoot Trail, and Country Hills Boulevard, providing easy commuting to downtown and other parts of the city.

Shopping & Amenities

Residents enjoy close proximity to a variety of shopping centers, including:

• Country Hills Town Centre: Featuring grocery stores, restaurants, and retail outlets.

• CrossIron Mills: A major shopping mall just a short drive away, offering a wide range of stores and entertainment options.

• Coventry Hills Plaza: A local shopping area with essential services like medical clinics, fitness centers, and dining options.

Recreation & Parks

• Vivo for Healthier Generations: A large recreation center offering swimming, fitness, and community programs.

• Rotary-Mattamy Greenway: Extensive walking and biking trails surrounding the community.

• Nose Creek Park: A popular green space for outdoor activities and family gatherings.

Coventry Hills remains an attractive neighborhood due to its affordable housing options, strong community amenities, and excellent access to schools and transportation. While sales have declined, rising property prices and increased inventory suggest that demand remains steady. Buyers looking for a family-friendly environment with convenient shopping and recreational options will find Coventry Hills a desirable place to live.

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