The interplay between Calgary’s rental and resale housing markets has historically demonstrated a high degree of correlation, with fluctuations in one sector influencing the other. However, as 2025 unfolds, an anomalous divergence has emerged: resale housing inventory is critically low, fostering a competitive sellers' market, while rental inventory has expanded significantly, creating a more favorable landscape for tenants.

Analyzing the Disparity: Contributing Factors

Several macroeconomic and policy-driven factors have contributed to this pronounced imbalance:

• Prolonged Homeownership Tenure – Homeowners are increasingly choosing to remain in their properties for extended periods, limiting the availability of resale inventory and reducing transactional turnover in the housing market.

• The Rise of Investor Landlords – A notable shift has occurred wherein first-time homebuyers who have progressed up the property ladder are retaining their initial properties as rental investments, thereby reducing the supply of resale homes.

• Increased Institutional and Individual Investment – A historically tight rental market in previous years attracted substantial investment from both institutional entities and independent investors, leading to a surge in rental property acquisitions and subsequent market saturation.

• Expansion of Purpose-Built Rental Housing – Large-scale real estate investment trusts (REITs) and developers have responded to demand signals by constructing an increased number of purpose-built rental units, substantially amplifying rental supply.

Market Correction and Transitionary Dynamics

As the market undergoes this period of structural adjustment, several key developments are anticipated:

• Some investors and landlords may opt to liquidate rental properties, thereby augmenting resale supply.

• A subset of rental properties may be repositioned and converted into condominiums to meet demand from prospective buyers.

• Over time, economic forces and policy responses will facilitate a gradual rebalancing of the supply-demand equation across both market segments.

Historical Precedents and Cyclical Market Behavior

Real estate markets are inherently cyclical, shaped by economic fundamentals, interest rate fluctuations, and investor sentiment. While the current market conditions may seem atypical, similar patterns have been observed in past cycles, ultimately leading to stabilization and equilibrium. Savvy market participants—whether buyers, sellers, or investors—recognize the importance of aligning their strategies with these evolving market dynamics to optimize outcomes.

Strategic Implications for Market Participants

For stakeholders seeking to capitalize on prevailing market conditions:

• Buyers: The limited availability of resale homes necessitates a proactive approach, with well-prepared buyers securing financing and acting decisively on opportunities.

• Sellers: With resale inventory constrained, well-positioned sellers can leverage market conditions to achieve optimal pricing and favorable contract terms.

• Investors: Those with existing rental portfolios must adopt competitive pricing strategies, offer incentives, or enhance tenant experience to maintain occupancy and yield stability.

• Renters: The influx of rental supply creates a more tenant-friendly market, offering increased negotiating leverage and greater selection.

As Calgary’s real estate landscape continues to evolve, staying informed and adaptable is paramount. Whether you are considering entering the market, adjusting your portfolio, or simply navigating these shifting conditions, a strategic, data-driven approach will be key to maximizing opportunities in 2025.

The Calgary real estate market is kicking off 2025 with an intriguing mix of opportunities for homebuyers, sellers, and investors, especially in the detached single-family home sector. Let’s dive into the numbers and trends shaping the market today and how you can make the most of them.

A Snapshot of Calgary’s Detached Home Market

As of today, there are 1,112 active listings of detached single-family homes in Calgary, with 491 homes sold in the past 30 days, yielding an overall sales-to-listing ratio of 44.15%. Interestingly, 201 homes are currently pending, indicating robust activity despite the winter season.

Opportunities for Buyers

The most active price ranges right now are $500K-$600K and $600K-$700K, with strong sales activity and pending deals. This suggests high competition in these brackets, so buyers need to act quickly when properties match their criteria.

On the other hand, homes priced above $900K are seeing slower turnover, creating opportunities for savvy buyers to negotiate deals. If you’ve been eyeing a dream home or an investment in the luxury market, now might be your chance to secure a property at a more favorable price.

Tips for Sellers

If you’re selling a home in the $500K-$600K range, congratulations! This is a seller’s sweet spot, with sales outpacing active listings. Make sure your home is priced competitively and in top condition to attract multiple offers.

For homes in higher price ranges, such as $900K and above, sellers should prepare for a longer time on the market. Highlighting unique features and ensuring high-quality marketing will help attract the right buyers.

Investors, Take Note!

Calgary’s detached home market offers a mix of fast-moving entry- and mid-level opportunities as well as value in higher-end homes. The high sales-to-listing ratio in the $400K-$600K range reflects strong demand, making it a good target for rental or resale investments.

In contrast, the luxury segment presents a chance to buy at reduced prices. However, these properties require careful analysis to ensure profitability in the long term.

What Does 2025 Hold for Calgary Real Estate?

As we move deeper into 2025, keep an eye on mortgage rate changes, economic developments, and inventory levels. With a strong start to the year, Calgary’s detached home market remains a dynamic space filled with potential for all players.

Whether you’re a first-time buyer, a seller looking to capitalize on high demand, or an investor hunting for opportunities, understanding today’s market dynamics is key to making informed decisions.

For personalized advice tailored to your real estate goals, contact me today! Let’s turn 2025 into a year of smart real estate moves.

Making money when buying real estate in Calgary is only possible when the seller is highly motivated. So how do you find motivated sellers? Motivated sellers will typically show their hand by pricing under the average prices paid in that community for that home type. When you find a house, condominium or townhouse that is priced well below the average prices per square foot and below the average prices you have found a motivated seller. You can try to find out why they seem motivated. Could be any number of reasons. Divorce is the big one. Job transfer is another popular one. Inherited properties are another we see a lot of.

When you do find a property……. Do you really have time to stumble across a property…. 
Stop the insanity of searching and hoping….

Pick your target area or areas. Pick your price ceiling. Hint: Below the community averages for that home type.
Contact me to plug your system requirements into the MLS system.
Wait for the properties that match your system requirements to appear in your email.
Take a pass and wait for the next one or act quickly and buy it.

It really is easy to hit a bullseye when you can see the target clearly.

Find your target real estate investment starting with my user-friendly interactive app.
Click Here to Make Money When You Buy

Average Home Prices Over the Years go up and down, but mostly Up! 

Acadia Calgary is one of the city's most established and sought-after neighborhoods, offering a unique mix of charm, convenience, and investment potential. With a community of approximately 2,200 single-family homes and decades of sales data, Acadia Calgary provides invaluable insights into real estate trends that can guide buyers, sellers, and investors alike.

Average Sold Prices of Acadia Calgary Homes by Year

The chart highlights the average sold prices of detached homes in Acadia Calgary since 1981, showcasing a consistent upward trajectory over time. This growth reflects the community’s enduring appeal and the value of owning real estate in this stable and well-regarded area. Click Here More Charts for Acadia Calgary Home Sales

Key Observations:

• Long-Term Growth: Home prices in Acadia Calgary have steadily increased over the years, providing a reliable hedge against inflation and a sound long-term investment.

• Market Stability: Unlike newer communities, Acadia Calgary’s established homes provide consistent and predictable price trends, which is valuable for both homeowners and investors.

• Community Appeal: With its mature trees, excellent schools, and proximity to downtown Calgary, Acadia Calgary remains a top choice for families and professionals.

Why Choose Acadia Calgary?

Acadia Calgary offers something for everyone:

• For Buyers: The steady growth in home values ensures your investment is secure while providing an excellent quality of life.

• For Sellers: Acadia Calgary’s reputation as a desirable community helps sellers achieve strong market prices.

• For Investors: Homes in Acadia Calgary present unique opportunities for renovations, allowing you to capitalize on the widening price gap between unrenovated and upgraded properties.

A Community That Stands the Test of Time

One of the reasons Acadia Calgary has maintained its appeal is its timeless charm. With homes dating back to the 1960s, the neighborhood offers a mix of nostalgia and opportunity. Buyers can find properties to renovate to their own standards, while sellers benefit from the increasing demand for homes in established communities.

Your Next Step in Acadia Calgary Real Estate

Whether you're looking to buy, sell, or invest, Acadia Calgary provides the perfect environment for success.

📞 Contact me today to learn more about the latest market trends, explore available properties, or discuss how to maximize your real estate goals in Acadia Calgary!

Calgary's real estate market has been anything but boring over the past decade! Here are some key takeaways from the latest charts on home sales:

1️⃣ Market Peaks & Valleys

After years of steady activity, 2021 and 2022 saw a massive surge in home sales, driven by low interest rates and heightened demand. However, 2023 and 2024 are showing signs of stabilization as the market cools off from these unprecedented highs.

2️⃣ Seasonal Trends

Like clockwork, Calgary’s market heats up in the spring and summer months (April to July), while winter (December to January) tends to see slower activity. This seasonality is key for both buyers and sellers when deciding the best time to make their move.

3️⃣ Sales vs. Housing Stock

The proportion of home sales to housing stock hit its peak during the boom years of 2021 and 2022, showcasing the intensity of market demand. Now, we’re seeing a return to more balanced conditions, offering opportunities for those ready to jump into the market.

What This Means for Calgary Home Buyers, Sellers, and Investors

For Home Buyers

Now is a great time to shop smarter. With the market stabilizing, there’s less urgency to compete in a frenzy, allowing buyers to evaluate their options more carefully. Seasonal trends still matter—shopping in the winter may offer fewer choices but more negotiating power.

For Home Sellers

While the frenzy of 2021 and 2022 has subsided, well-priced homes in good condition still attract plenty of attention. Listing in the spring or summer can help maximize exposure. Sellers should work closely with their Realtors to price strategically and take advantage of seasonal demand.

For Real Estate Investors

The cooling market offers a unique opportunity to build your portfolio. Stabilizing prices mean less competition and the chance to secure long-term investments. With Calgary’s steady population growth and diverse economy, rental properties remain a solid option for generating passive income. Timing is everything—investors should capitalize on lower winter activity or target properties priced competitively.

Understanding these trends is key to making informed decisions, whether you're buying, selling, or investing. Calgary's real estate market remains full of opportunities for those who plan strategically.

Have questions about how these trends might impact your next move? Let’s connect and discuss your goals!

Stay informed and ahead of the market with insights like these. Ready to dive in? Reach out today!

Picture yourself standing at the edge of one of Calgary's most transformative real estate periods in recent history. As you gaze at the sprawling cityscape, imagine knowing exactly when to make your move in this dynamic market. Today, I'm going to reveal patterns so clear, you'll wonder why you hadn't seen them before.

The Great Awakening: 2019-2024

Let's dive into something remarkable. In 2019, Calgary's real estate market hummed along at a comfortable 21,332 sales. Close your eyes and imagine that number. Now, watch as those numbers dance upward—22,045 in 2020, then suddenly... BOOM!

The Market Exploded to 37,004 Sales in 2021.

Feel that surge? That's the power of a market transformation happening right before your eyes. The momentum carried through to 2022, reaching an impressive 38,250 sales. As you absorb these numbers, you might be wondering: "What does this mean for me?"

The Secret Seasonal Symphony

Here's where it gets fascinating. Lean in closer as I share something most people never notice: Calgary's real estate market moves in a predictable rhythm, like a well-conducted orchestra. Let me show you the movements:

First Movement: The Spring Surge (March-May)

• March opens the symphony with 8-14% of yearly sales

• April builds to a crescendo at 9-12%

• May maintains the energy at 10-12%

Can you feel the energy building? This is when the market comes alive, buzzing with possibility.

Second Movement: The Summer Flow (June-August)

• June sustains the melody at 10-11%

• July and August keep the tempo steady at 8-10%

Picture warm Calgary summers, with 'For Sale' signs catching the golden sunlight.

Third Movement: The Autumn Transition (September-November)

• September shifts the tone at 7-11%

• October eases to 6-11%

• November gentles further to 5-9%

Like leaves changing color, the market shifts but never stops.

Final Movement: The Winter Pause (December-February)

• December whispers at 4-7%

• January rebuilds at 4-7%

• February sets the stage for spring at 6-11%

The Crystal Ball: Your Next 12 Months

Now, let me share something powerful: The market has found its new baseline. We're no longer in the frantic 21,000-sale years of 2019, nor the explosive 38,000-sale peak of 2022. We've reached a sweet spot—a balanced 34,000+ annual sales range. What does this mean for Calgary Home Buyers and Sellers?

For Home Buyers:

• Your moment of maximum choice arrives with the spring thaw

• Your negotiating power peaks in the winter quiet

• Your opportunity for balance lives in the autumn months

For Home Sellers:

• Your highest exposure window opens in March

• Your fastest-moving market blooms in April-May

• Your premium pricing potential peaks with the spring flowers

The Awakening: Your Call to Action

As you process these insights, feel the clarity settling in. The patterns are there, written in the data of 157,307 home sales over six years. They're whispering secrets about timing, opportunity, and potential.

Whether you're buying or selling, you now hold the key to timing your move with the market's natural rhythm. The question isn't whether these patterns will continue—it's how you'll use them to your advantage.

The next chapter in Calgary's real estate story is waiting to be written. Will you be part of it?

Remember: While these patterns are clear and consistent, every real estate decision is deeply personal. Use this insight as your guide, but always consider your unique circumstances when making your move.

The Calgary real estate market is competitive, dynamic, and ever-changing. For buyers and sellers, understanding the market through detailed data analysis isn't just a luxury—it's a necessity to gain an edge. Here’s how leveraging this information can put you ahead.

For Buyers: Winning in a Competitive Market

Targeting the Right Price Range:

Knowing which price ranges are the most active (e.g., $500K–$600K with 227 active listings and 164 sales) allows buyers to narrow their focus. If you’re buying in a highly active range, you’ll need to act decisively and come prepared with strong offers.

Conversely, targeting less active price ranges, such as homes over $1.5M, might give buyers more negotiating power due to lower demand.

Timing Your Offers:

Pending sales data reveals where the action is heating up. For example, the $600K–$700K range has 77 pending listings, suggesting strong buyer interest. Being proactive in such segments ensures you don’t miss out.

Strengthening Your Position:

Entering a hot price range like $300K–$400K (100% sales-to-listings ratio) means preparing for competitive bidding. Buyers can secure pre-approvals, limit conditions, and offer flexible terms to stand out.

Avoiding Overpaying:

Knowing sales percentages helps buyers avoid getting swept up in the frenzy. In the $800K–$900K range, where sales are just under 50%, buyers can negotiate more confidently, knowing sellers may be willing to consider concessions.

Confidence in Decision-Making:

Having a clear view of market activity empowers buyers to make informed choices, removing uncertainty and increasing satisfaction with their purchase.

For Sellers: Maximizing Value and Selling Fast

Pricing Strategy with Precision:

Sellers gain an advantage by pricing their homes according to the market. For example, pricing just below a competitive threshold like $600K can draw attention in the highly active $500K–$600K range, increasing the chances of a quick sale.

Timing Your Listing:

If your home falls in a price range with strong pending activity (e.g., $500K–$600K and $600K–$700K), you know it’s the right time to list. Entering the market during high activity increases the likelihood of multiple offers.

Positioning for Competitive Advantage:

Understanding buyer behavior in your price range helps you make your home stand out. For example, in high-demand segments, enhanced staging, professional photography, or minor upgrades can make a significant impact.

Avoiding Price Reductions:

By listing at the right price and leveraging strong market demand, sellers in hot price ranges can avoid costly and time-consuming price reductions, ultimately maximizing their return.

Understanding Buyer Sentiment:

Pending listings provide insight into buyer confidence. In active ranges, this indicates buyers are motivated, creating an opportunity for sellers to maintain stronger negotiating positions.

How Both Buyers and Sellers Gain an Edge

Negotiation Power:

Buyers can use sales activity and pending trends to justify their offers, while sellers can use the same data to defend their asking price.

Market Expertise:

Knowledge of market dynamics enhances your ability to anticipate how others might act, putting you a step ahead in negotiations.

Informed Planning:

Whether you’re upgrading, downsizing, or investing, understanding Calgary’s detached home market trends allows for better long-term decision-making.

Professional Support:

Leveraging this information with the help of a Realtor ensures that you can act quickly and decisively, avoiding common pitfalls while capitalizing on opportunities.

Why It Matters Now

The Calgary real estate market is not static—it shifts based on buyer behavior, seasonal trends, and economic conditions. With this market snapshot, buyers and sellers gain a clear view of the current landscape. This isn't just data; it's a tool for strategic action, helping you make moves with confidence and clarity.

By leveraging these insights, you’re not just participating in the Calgary market—you’re excelling in it.

Thinking about moving to Canada, and particularly Calgary? You’re not alone! Calgary has become a top destination for individuals and families looking for a unique balance of urban amenities and natural beauty. Whether you're relocating for work, education, or simply seeking a new lifestyle, understanding Calgary's housing market can be a significant factor in making your decision. Let’s dive into a detailed look at Calgary’s real estate trends with insights into the average daily sales over the past five years.

In this post, we’ll break down the information from the two insightful charts above, each presenting a perspective on Calgary’s real estate landscape by examining average daily sales of various property types. This analysis will help you understand the rhythm of Calgary’s housing market, what kinds of homes people are buying, and when activity tends to peak and dip throughout the year.

Chart Analysis: Average Daily Sales by Property Type

The first chart focuses on average daily sales for each property type—Detached, Apartment, Row/Townhouse, and Semi-Detached (Half Duplex). Here’s a month-by-month breakdown of each type:

1. January to March - A Steady Start to the Year

The year starts off steady in January, with detached homes dominating sales (around 30 daily on average) and moderate sales across other types. By February, the market gains momentum, particularly for detached homes (49) and apartments (16), signaling the beginning of the spring market buildup. March sees an even higher increase in daily sales across all property types, with detached homes hitting an average of 58 sales per day.

2. April to June - The Market Heats Up

April through June is Calgary’s prime real estate season. Detached homes consistently lead in sales (56 to 58 per day), but there's a significant boost across all property types. For instance, apartment sales rise to about 20 daily in May, while row/townhouses and semi-detached properties also see increases, likely reflecting higher demand from first-time buyers or those seeking more affordable options than single-family detached homes. This spring surge aligns with warmer weather, making it easier for buyers to move and sellers to showcase properties.

3. July to September - Sustained Activity with a Slow Descent

Although the market remains strong in the summer months, July marks the beginning of a slight dip. Detached homes still lead (with about 48 daily sales), while apartments, row/townhouses, and semi-detached homes also retain steady interest. August and September continue this trend, with a gentle decline in sales numbers across all property types. The market typically cools slightly as summer vacations wind down and families prepare for the back-to-school season.

4. October to December - The Year Winds Down

The final quarter of the year shows a gradual decrease in daily sales, with detached homes averaging around 30 daily sales by November. Other property types, such as apartments and semi-detached homes, see a similar decline. By December, average daily sales are at their lowest for the year, reflecting the market’s seasonal nature as people focus on holidays rather than moving. However, this can also be a strategic time for motivated buyers and sellers to find deals with potentially less competition.

Chart Analysis: Total Average Daily Sales by Month

The second chart provides a broader view, showing the total average daily sales across all property types each month.

Spring Peaks: The data reinforces that Calgary’s market peaks between March and June, with average daily sales reaching their highest point in May (105 daily sales). For those considering a move, this is when the market is most competitive, with many buyers and sellers actively participating.

Summer and Fall Decline: July marks the start of a gradual decrease in activity, dropping from 87 daily sales in July to 76 by October. This cooling phase may be attractive for buyers looking for less competition, though inventory may also reduce.

Winter Slowdown: November and December show the lowest sales volumes, averaging just 53 and 49 daily sales, respectively. Winter can be a quieter time in the Calgary real estate market, possibly leading to better opportunities for buyers who want to avoid bidding wars.

Key Takeaways for Prospective Calgary Residents

Timing Your Move: If you’re moving to Calgary with the intent to purchase property, consider timing your search according to market trends. Spring and early summer are bustling, with high availability and a diverse range of homes on offer. However, if you’re looking to avoid peak competition, late fall and winter could offer a quieter market with less pressure.

Choosing Your Property Type: Detached homes consistently lead the market in popularity, which aligns with Calgary’s appeal as a family-friendly city with abundant space. However, there’s a consistent interest in apartments, row/townhouses, and semi-detached homes, appealing to a wide demographic of buyers from single professionals to young families and downsizers. Apartments are especially popular during peak months, likely driven by affordability and location in the city's core.

Understanding Market Fluctuations: Calgary’s market is seasonal, which is essential for any prospective buyer or seller to understand. If you’re planning to sell, listing in the spring could yield more interest and potentially a quicker sale. Buyers should be aware that while spring offers more options, it also brings increased competition.

Real Estate as an Investment: For investors, Calgary’s consistent activity across all property types suggests a stable market with opportunities in various sectors. Detached homes, while pricier, are in continuous demand, while apartments and townhouses offer more accessible entry points with reliable turnover.

Calgary’s housing market reflects the city’s vibrant lifestyle and seasonal rhythm. This detailed look at average daily sales across property types and months over the past five years offers valuable insights for those considering a move. Whether you’re drawn to Calgary for its job opportunities, educational institutions, or stunning natural surroundings, the real estate market offers something for everyone. From bustling spring sales to the quieter winter months, each season brings unique advantages depending on your goals.

If you’re planning a move to Calgary, understanding these market dynamics will empower you to make informed decisions, whether you’re buying, selling, or investing. Embrace the timing that works best for you and dive into Calgary’s real estate landscape with confidence—your new life in Canada awaits!

Ever wondered how Calgary's real estate market shifts throughout the year? Here's a breakdown of the average daily sales per month based on data from the past five years!

🌱 Spring Surge: March, April, and May see some of the highest sales, with March hitting 103, April at 100, and May close behind at 101. This aligns with the busy spring season when buyers and sellers are most active.

☀️ Summer High: June peaks with an impressive 104 daily sales, marking the height of the summer market. This is typically when families plan to move, taking advantage of the warmer months.

🍂 Autumn Slowdown: Sales begin to cool slightly in the fall. September and October see averages of 79 and 76 respectively, as the market starts to wind down.

❄️ Winter Lull: As the holidays approach, sales dip further, with December seeing the lowest average daily sales at 49.

📈 Why Does This Matter? Knowing these seasonal trends can help both buyers and sellers make informed decisions on timing. Whether you’re looking to buy when competition is lower or sell during peak months, timing your move can make a difference.

#CalgaryRealEstate #HousingMarket #RealEstateInsights #CalgaryRealtor #HomeSales

October 24, 2024

The latest market snapshot of Calgary's detached home segment reveals an intriguing battle between buyers and sellers, with some clear patterns emerging across different price points.

Supply Overview:

Currently, Calgary has 1,978 active listings of single-family homes, with an additional 356 properties under contract. The sweet spot for inventory lies in the $600K-$800K range, where we see the highest concentration of listings (425 homes in the $700K-$800K bracket alone).

Demand Signals:

The past 30 days have seen 999 sales, representing a robust 50.51% sales-to-listing ratio. This means roughly half of the available inventory is turning over monthly – a remarkably healthy absorption rate.

Price Point Analysis:

• The entry-level market ($400K-$500K) is showing extraordinary strength with a 134.29% sales-to-listing ratio, indicating more homes sold than were listed

• Mid-range homes ($500K-$700K) maintain strong performance with 70-80% sales ratios

• Luxury segment (Over $1.5M) shows more balanced conditions with a 22.64% sales ratio

Who's Winning the Battle?

Currently, sellers have the upper hand, particularly in the entry-level market under $500K. This is evidenced by:

• Strong sales ratios across most price points

• High number of pending sales (356 properties under contract)

• Particularly competitive conditions in the sub-$500K segment

However, buyers maintain some leverage in the luxury market above $1M, where sales ratios drop below 35%, suggesting more room for negotiation.

Market Insights:

The most active price range for both listings and sales is $600K-$700K, with 395 active listings and 279 sales in the past month. This price point appears to be Calgary's "sweet spot" where both buyers and sellers are finding common ground.

Looking Forward:

With 356 pending sales subject to conditions like financing and home inspections, the market maintains strong momentum. The overall 50.51% sales ratio suggests a balanced but slightly seller-favoring market, particularly in the mid-range segments where most activity occurs.

For buyers, the best opportunities might lie in the luxury segment, while sellers in the entry to mid-range market continue to hold the stronger negotiating position.

In the heart of Calgary's southeast lies Acadia, a neighborhood that tells a fascinating story of home value evolution over the past three decades. A recent analysis of home sales data from 1990 to 2023 reveals not just rising prices, but an increasingly dramatic spread between the highest and lowest-valued properties in this established community.

The Early Years: 1990-2000

Looking back to the early 1990s, Acadia's housing market showed remarkable consistency. Most bungalows – the signature home style of this neighborhood – sold within a relatively narrow price band of $100,000 to $150,000. This uniformity made sense; the homes were still relatively new, built in the 1960s, and most maintained their original features and layouts.

The Transformation Begins: 2000-2010

As we moved into the new millennium, something interesting began to happen. The data shows a steady increase in average prices, but more notably, we begin to see the first signs of price divergence. Some homes were still selling in the $200,000 range, while others began pushing toward $300,000. This period marked the beginning of the renovation era in Acadia.

The Modern Era: 2010-2023

The most dramatic story emerges in the past decade. The scatter plot reveals an increasingly wide spread between sale prices, with some homes now selling for over $800,000 while others remain in the $400,000 range. This growing gap tells a tale of two Acadias:

1. The Original Classics: Some homes maintain their original character, with perhaps modest updates to essential systems and finishes. These properties typically occupy the lower portion of the price range.

2. The Transformed Treasures: At the upper end, we find extensively renovated or completely rebuilt homes. These properties often feature:

   • Modern open-concept layouts

   • High-end finishes

   • Added square footage through developed basements

   • Luxury updates to kitchens and bathrooms

   • Enhanced energy efficiency

Why This Matters

This growing value spread is more than just numbers on a chart – it represents the natural evolution of an established neighborhood. As homes age, they reach critical decision points where owners must choose between basic maintenance and transformative renovation. These individual choices, multiplied across hundreds of properties, create the dramatic variance we see in today's market.

Looking Forward

The trend suggests this value gap will likely continue to widen. As more homeowners invest in significant upgrades, while others maintain their properties' original character, Acadia will likely become even more diverse in its housing stock and price points. This diversity can be seen as a strength, offering options for various budgets while maintaining the community's fundamental appeal.

For potential buyers and investors, this pattern presents both opportunities and considerations. The wide price range means there's something for everyone – from first-time buyers looking for an original bungalow to luxury home seekers interested in fully modernized properties.

Whether you're looking at Acadia for its investment potential or as your future home, understanding this price divergence helps paint a clearer picture of what drives value in this evolving community. The original Acadia bungalow may be turning 60, but its story – and its potential – continues to evolve.

Acadia Homes For Sale Today

The Calgary real estate market continues to provide opportunities for both buyers and sellers. In this October 2024 update, we take a deep dive into the latest statistics for active listings and recent sales across various property types and price ranges. Whether you're a homebuyer or an investor, these insights will help you make informed decisions in today’s market.

Current Active Listings in Calgary – October 16, 2024

As of today, there are a total of 4,430 active listings in Calgary, broken down into four primary categories:

• Houses: 1,964 active listings

• Townhouses: 660 active listings

• Condos/Apartments: 1,481 active listings

• Half Duplexes: 325 active listings

Key Observations:

• The $300K-$400K price range has the highest number of active condo/apartment listings with 612 properties.

• Single-family homes in the $500K-$600K range have 221 active listings, making it a competitive range for buyers.

• If you’re in the market for a half duplex, there are 54 listings in the $500K-$600K range, offering a solid selection.

Calgary Home Sales in the Last 30 Days

In the last 30 days, a total of 2,090 properties were sold in Calgary, including houses, townhouses, condos, and half duplexes.

• Houses: 1,017 sold

• Townhouses: 372 sold

• Condos/Apartments: 510 sold

• Half Duplexes: 191 sold

Noteworthy Trends:

• Houses in the $600K-$700K price range saw the most activity with 276 homes sold.

• Townhouses in the $400K-$500K price range were also in demand, with 141 sales.

• Condos/Apartments in the $300K-$400K range are still popular among buyers, with 206 units sold.

Months of Supply: What It Means for Buyers and Sellers

The months of supply metric is crucial for understanding the current state of the market. It represents how long it would take to sell all the active listings at the current sales pace, providing insights into whether it's a buyer's market or a seller's market.

• Houses: 1.93 months of supply – A balanced but slightly seller-favorable market.

• Townhouses: 1.77 months of supply – Strong competition for buyers.

• Condos/Apartments: 2.90 months of supply – A clear buyer’s market with a wide selection of listings.

• Half Duplexes: 1.70 months of supply – A stable market with healthy activity.

What This Means for You

With overall months of supply at 2.12, Calgary is still in a seller’s market, particularly for single-family homes and townhouses. However, if you're a condo buyer, now might be the perfect time to explore the options, as there are plenty of active listings and more leverage in negotiations.

For Sellers:

If you're considering selling your home, now is a great time to enter the market, especially if you own a house or townhouse. With inventory remaining tight in certain price ranges, you can position your property to attract motivated buyers.

For Buyers:

For buyers, particularly those looking for condos or apartments, the market is offering more choices and less competition. If you’re aiming to purchase a home or investment property, consider acting sooner rather than later before the inventory shifts again.

Acting on Calgary’s Real Estate Trends

The Calgary real estate market is always evolving, and understanding current trends can help you make the best decisions, whether you're buying or selling. With 2.12 months of supply, opportunities still exist, and the market dynamics vary across property types.

If you’re ready to buy or sell in Calgary or just want more personalized advice, feel free to contact me. Let’s make your real estate journey a success!

Contact Jerry Charlton Today!

📞 Call: 403-831-0842

💻 Visit: https://JerryCharlton.com