1 November 2024

Scenic Acres NW – October 2024

Calgary Real Estate Market Summary – Scenic Acres, October 2024

Calgary Real Estate Market Summary – Scenic Acres, October 2024

Market Overview

  1. Sales and Inventory:
    • Scenic Acres recorded 12 property sales in October 2024, consistent with the same period last year.
    • New listings amounted to 11, maintaining a balanced market.
    • The community had 12 active listings, showing a year-over-year increase of 140%.
  2. Pricing Trends:
    • The benchmark price for residential properties was $753,800, reflecting a 5.8% increase year-over-year.
    • Detached homes dominated the market with a benchmark price of $772,000.
  3. Market Conditions:
    • The months of supply stood at 1.00, highlighting strong demand and a seller’s market.
    • A balanced sales-to-new-listings ratio (S/NL) further indicates steady market activity.

Community Amenities and Features

Scenic Acres is an established and sought-after community in Calgary, known for its proximity to natural attractions and urban amenities:

  • Transportation Connectivity:
    • The community offers excellent access to Highway 1, making it a prime location for those traveling to Banff and Canmore.
    • Well-connected public transit options, including nearby C-Train stations, enhance accessibility for residents.
  • Recreational Opportunities:
    • Scenic Acres boasts parks, pathways, and green spaces, perfect for outdoor activities.
    • Close proximity to the Rocky Mountains provides additional opportunities for hiking, skiing, and other mountain adventures.
  • Local Services:
    • Residents enjoy access to schools, shopping centers, and healthcare facilities within a short distance.

Scenic Acres remains a desirable neighborhood for buyers, offering a blend of natural beauty, strategic location, and strong real estate performance.