Calgary Inner City Real Estate Market Report: August 2024

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