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