Sundance SE – October 2024

Calgary Real Estate Market Summary – Sundance October 2024

Market Overview:

The Sundance real estate market in October 2024 remained steady with 8 sales, matching last year’s volume. However, new listings declined by 38%, leaving the market with only 5 new properties entering the inventory. The months of supply stood at 1.00, indicating a balanced yet slightly seller-favored market.

The benchmark residential price in Sundance rose to $767,600, reflecting a significant 14.6% year-over-year increase, demonstrating strong price appreciation and ongoing demand in the area.

Detached Homes:

• Detached sales totaled 7 units, showing no change from October 2023.
• The detached benchmark price reached $769,000, up 14.6% year-over-year.
• Inventory for detached homes remained consistent at 8 units, keeping the months of supply at 1.00, indicative of a competitive market.

Community Features:

Sundance is a desirable Calgary neighborhood known for its family-friendly environment, featuring:

• Lake Sundance, a private community lake offering year-round recreational activities.
• Proximity to highly rated schools, including elementary, middle, and high schools.
• Access to Fish Creek Provincial Park, one of the largest urban parks in Canada, ideal for nature lovers.
• Convenient access to major roadways like Macleod Trail and Stoney Trail, ensuring easy commuting.

This combination of natural amenities, strong community values, and excellent property appreciation continues to make Sundance a standout neighborhood in Calgary’s real estate market.