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Calgary Housing Market in November 2024: Inner-City Trends and Insights for Luxury Buyers
Calgary's housing market continues to evolve, with November 2024 presenting opportunities and challenges for buyers. For those interested in the city's vibrant inner-core neighbourhoods, the market trends indicate it's a great time to act—especially if you're a first-time luxury buyer.
Market Trends in November 2024
The Calgary Real Estate Board (CREB) reports steady market activity across the city, with notable interest in inner-city homes. Here's a snapshot of what's happening:
• Sales Activity: 1,797 homes were sold in November, marking a modest 0.8% increase compared to the same period last year.
• Benchmark Prices: The total residential benchmark price reached $587,900, reflecting a year-over-year increase of just under 4%. This price growth is largely supported by high demand for inner-city properties.
• Inventory Levels: Listings for luxury homes in sought-after neighbourhoods like Mount Royal, Beltline, and Bridgeland remain competitive, with inventory declining slightly compared to previous months.
• Interest Rates: With stable interest rates, more luxury buyers are seizing the opportunity to secure favourable financing before the competitive spring market.
Why Inner-City Living is in Demand
Inner-city living offers a unique combination of convenience, culture, and long-term value—qualities that are particularly appealing to first-time luxury buyers. Here's why:
• Proximity to Amenities: Inner-city neighbourhoods provide unparalleled access to upscale dining, boutique shopping, and entertainment hubs, all within walking distance.
• Investment Potential: Homes in Calgary's urban core have historically appreciated steadily, offering strong returns for savvy buyers.
• Vibrant Lifestyle: From arts festivals to bustling nightlife, Calgary's downtown areas are alive with energy, making them perfect for those who value an active and social lifestyle.
Is Now the Time to Buy?
With steady market trends, limited inventory, and stable interest rates, December 2024 is shaping up to be an ideal time for first-time luxury buyers to invest in Calgary's inner city. Acting now could help you secure your dream property before demand surges in the spring.
How Dylan Can Help You
Navigating Calgary's luxury housing market can be manageable. With years of experience and a deep understanding of the inner-city real estate landscape, I'm here to guide you every step, ensuring a seamless and rewarding buying experience.
Ready to Find Your Dream Home? Contact Dylan Today!
Don't wait to make your move. Call me, Dylan Kisilowski, at 403-371-1196 or email [email protected] to schedule your consultation. Your luxury inner-city home awaits!
Sources
1. Calgary Real Estate Board (CREB) Market Statistics: CREB.com
2. Local Market Data and Insights from DylanKisilowski.ca
