Alpine Park – 2024 October

Calgary Alpine Park Real Estate Monthly Summary – October 2024

Market Overview
Alpine Park’s real estate market in October 2024 showcased a relatively low level of activity with 1 total residential sale, a 50% year-over-year (Y/Y) decline. The community continues to develop its unique position in Calgary’s market with inventory and supply changes shaping the dynamics.

Key Highlights

• Sales: Only 1 residential sale was recorded, reflecting the ongoing establishment of market demand in this newly developed area.
• New Listings: 6 new properties entered the market, a 50% increase compared to October 2023.
• Inventory: Increased significantly to 14 units, a 56% Y/Y rise.
• Benchmark Price: The total residential benchmark price stood at $639,600, down 2.7% Y/Y, reflecting softer market conditions.

Community Features
Alpine Park, located in Calgary’s southwest, is a master-planned community designed to offer modern urban amenities and close connections to nature. With extensive green spaces, parks, and a pedestrian-friendly layout, it attracts families and professionals looking for a harmonious blend of convenience and outdoor living. Residents benefit from proximity to major routes like Stoney Trail and amenities in nearby communities, making Alpine Park a desirable area for future growth and investment.

Market Dynamics

• Months of Supply: A dramatic rise to 14 months of supply indicates a strong buyer’s market, influenced by the higher inventory relative to the single sale this month.
• Sales-to-New-Listings Ratio (S/NL): At 17%, the ratio reflects low absorption, indicative of slower demand for the area.

Observations
Alpine Park remains an emerging market within Calgary, with its innovative community design laying the foundation for long-term appeal. The October 2024 performance suggests opportunities for buyers looking to invest in a growing area at competitive prices. Enhanced marketing and community engagement may help stimulate activity in the coming months.