Bridlewood SW – October 2024

Calgary Real Estate Market Summary – Bridlewood October 2024

Market Performance

In October 2024, Bridlewood’s residential real estate market showed significant activity. Here are the key metrics:

• Sales: 21 homes were sold, representing a year-over-year decrease of 16%.
• New Listings: 23 new properties were listed, down 18% from last year.
• Inventory: The total inventory increased by 100% compared to the previous year, reaching 32 homes.
• Months of Supply: The months of supply metric was 1.52, up 138% year-over-year, indicating a more balanced market compared to the seller-favorable conditions of prior periods.
• Benchmark Prices:
  • Detached homes: $605,700 (up 8.4% YoY)
  • Semi-detached homes: $710,900 (up 9.1% YoY)
  • Row homes: $468,200 (up 13% YoY)
  • Apartments: $356,700 (up 8.4% YoY)
  • Total residential benchmark price: $526,700 (up 8.4% YoY)

Community Features

Bridlewood is a family-oriented neighborhood in the southwest of Calgary, known for its balance of urban amenities and suburban tranquility. Key features include:

• Accessibility: Convenient access to major routes like Macleod Trail and the future Stoney Trail extension, offering easy connectivity to the city and beyond.
• Amenities: Close proximity to shopping centers, schools, and recreational facilities, making it ideal for families.
• Outdoor Spaces: Parks, pathways, and natural reserves within and around the community provide opportunities for outdoor activities and fostering a strong sense of community.

The data highlights a dynamic market with rising property values but an increase in inventory and months of supply, indicating shifts towards a more balanced market scenario​.