Evergreen Real Estate Monthly Summary – October 2024
Market Overview
- Sales: 30 properties sold, steady compared to October 2023.
- New Listings: 35, a slight 3% year-over-year (Y/Y) decrease.
- Inventory: 48 active listings, a 71% Y/Y increase.
- Months of Supply: 1.6, indicating a seller-favored market.
- Sales-to-New-Listings Ratio: 0.86, reflecting balanced demand and supply.
Pricing
- Benchmark Price: $617,700, up 8.6% Y/Y.
- Median Price: $631,750, consistent Y/Y.
- Average Price: $699,073, up 17.9% Y/Y.
Property Types
- Detached Homes: Benchmark price at $749,400, unchanged Y/Y.
- Semi-Detached Homes: Benchmark price at $547,100, a 0.3% Y/Y increase.
- Row Houses: Benchmark price at $433,100, up 13.7% Y/Y.
- Apartments: Benchmark price at $347,400, up 9.6% Y/Y.
Community Features
Evergreen offers a perfect balance of urban convenience and natural beauty. Known for its proximity to Fish Creek Provincial Park, it provides residents with access to hiking and biking trails, making it ideal for outdoor enthusiasts. The community boasts excellent schools, diverse shopping options, and family-friendly amenities, including playgrounds and green spaces. Its strategic location offers quick access to Calgary’s downtown core and major highways, ensuring convenience for commuters.
Market Trends
- The increase in average prices reflects growing buyer interest in premium properties.
- Rising inventory levels provide more options for buyers, while the lower months of supply continue to favor sellers.
- Detached homes and row houses remain particularly sought after, with steady demand contributing to price stability and growth.
Summary
October 2024 showcased Evergreen as a dynamic and desirable market. With its robust community appeal and steady price growth, it continues to be a prime destination for families and professionals seeking quality living in Calgary. Buyers and sellers should act strategically in this competitive environment.