Dalhousie -2024 October

Calgary Dalhousie Real Estate Monthly Summary – October 2024

Market Overview
In October 2024, Dalhousie experienced moderate activity with 12 total residential sales, reflecting a year-over-year (Y/Y) decrease of 29%. The community’s inventory rose to 26 units, an 8% increase compared to last year, while the months of supply reached 2.17, indicating a balanced market condition.

Key Highlights

Sales Performance:
- Detached homes: 5 sales, no change from October 2023.
- Apartments: 3 sales, a 50% Y/Y decrease.
- Row homes: 4 sales, a 33% Y/Y increase.
- Semi-detached homes: No sales reported this month.
Benchmark Prices:
- Detached homes: $728,700 (Y/Y +5.4%).
- Apartments: $247,900 (Y/Y +10.3%).
- Row homes: $349,400 (Y/Y +7.2%).
- Total residential: $477,400 (Y/Y +8.3%).

Community Features
Dalhousie, located in Calgary’s northwest quadrant, offers residents a family-friendly environment with excellent transit access via the Dalhousie C-Train station. The area boasts highly-rated schools, parks, and proximity to shopping centers like Northland Village Mall and Market Mall. Recreational opportunities include Nose Hill Park, providing outdoor activities and scenic views.

Market Dynamics
The Sales-to-New-Listings ratio (S/NL) was 86%, reflecting a relatively strong demand compared to new inventory additions. However, the average Days on Market (DOM) increased to 39 days, up from 22 days last year, consistent with a market adjusting to slower seasonal activity.

Observations
Dalhousie’s real estate market in October 2024 reflects a balance between price stability and slower sales. Detached homes remain in demand with steady pricing, while apartments and row homes are increasingly attractive for buyers seeking affordable options. The community’s desirable amenities continue to support long-term appeal.