The Calgary inner-city real estate market in August 2024 shows steady activity across all property types. Detached homes and row houses have seen slight decreases in month-over-month benchmark prices, while apartments have experienced a marginal increase. Year-over-year, all property types have shown significant appreciation, especially in the apartment sector with a 13.50% increase. The market shows a balanced supply-demand dynamic with healthy sales-to-new-listings ratios.
Calgary Inner-City Real Estate Market Report - August 2024
1. Detached Homes:
- Sales: 92 units
- New Listings: 173
- Sales to New Listings Ratio: 53.18%
- Inventory: 312 units
- Months of Supply: 3.39
- Benchmark Price: $951,600
- Year-over-Year Price Change: +9.05%
- Month-over-Month Price Change: -1.43%
- Highest Sale: $4,700,000
2. Apartments:
- Sales: 262 units
- New Listings: 427
- Sales to New Listings Ratio: 61.36%
- Inventory: 711 units
- Months of Supply: 2.71
- Benchmark Price: $354,800
- Year-over-Year Price Change: +13.50%
- Month-over-Month Price Change: +0.14%
- Highest Sale: $2,300,000
3. Semi-Detached Homes:
- Sales: 42 units
- New Listings: 72
- Sales to New Listings Ratio: 58.33%
- Inventory: 113 units
- Months of Supply: 2.69
- Benchmark Price: $926,700
- Year-over-Year Price Change: +8.54%
- Month-over-Month Price Change: -1.43%
- Highest Sale: $1,800,000
4. Row Houses:
- Sales: 40 units
- New Listings: 70
- Sales to New Listings Ratio: 57.14%
- Inventory: 90 units
- Months of Supply: 2.25
- Benchmark Price: $609,200
- Year-over-Year Price Change: +9.81%
- Month-over-Month Price Change: -1.50%
- Highest Sale: $1,400,000
If you're considering buying or selling a property in Calgary's vibrant inner-city area, I'm here to help. With the latest market insights and a deep understanding of the local real estate landscape, I can guide you through every step of the process. Whether you're looking for your dream home or aiming to get the best value for your property, don't hesitate to reach out. Let's work together to make your real estate goals a reality!
Dylan Kisilowski
Century 21 Bamber Realty ltd
C. 403-371-1196
