Shawnessy SW – October 2024

Calgary Real Estate Market Summary – Shawnessy, October 2024

In October 2024, Shawnessy demonstrated significant real estate activity, supported by robust demand and a growing inventory. Here is an overview of the market and community features:

Market Highlights:

1. Sales and Listings:
   • Total residential sales reached 15, marking a 200% year-over-year (YoY) increase.
   • The community added 21 new listings, a 91% YoY increase.
   • Inventory stood at 19 properties, reflecting a 73% YoY growth.
2. Pricing Trends:
   • The benchmark price for residential properties was $555,300, an 8% YoY increase.
   • Detached homes held a benchmark price of $613,900, while apartments and row homes were priced at $391,000 and $355,000, respectively.
3. Market Dynamics:
   • The months of supply decreased to 1.27, indicating a seller’s market.
   • Sales-to-new-listings ratio (S/NL) was healthy, reflecting balanced activity between buyers and sellers.

Community Amenities and Features:

Shawnessy is a family-oriented community offering a mix of convenience and recreation. Key features include:

• Parks and Green Spaces: Shawnessy boasts several parks and pathways, promoting outdoor activities for residents.
• Retail and Dining: The Shawnessy Shopping Centre provides a variety of retail, grocery, and dining options, catering to diverse preferences.
• Connectivity: Convenient access to major roads and public transit, including proximity to the Shawnessy C-Train station, ensures seamless commuting.
• Schools and Services: The community is well-serviced by schools, childcare facilities, and other essential amenities, enhancing its appeal to families.

Shawnessy’s mix of affordability, accessibility, and community-oriented features continues to make it an attractive neighborhood for homebuyers in Calgary.