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Calgary Real Estate Market Summary -Thorncliffe October 2024
Market Overview: In October 2024, Thorncliffe experienced moderate activity in the real estate market with 11 residential sales, a 22% year-over-year increase. The community saw 17 new listings, reflecting a 42% rise compared to October 2023, resulting in a sales-to-new-listings ratio of 65%. Inventory expanded to 23 homes, an 188% increase year-over-year, creating 2.09 months of supply.
Pricing Trends: The benchmark price for all residential properties in Thorncliffe reached $494,700, a 3.6% increase year-over-year. Detached homes had a benchmark price of $577,800, while semi-detached homes stood at $435,100. Row homes and apartments were valued at $305,200 and $435,100, respectively.
Community Features: Thorncliffe continues to attract a diverse group of residents with its convenient amenities and welcoming atmosphere. Notable features include:
- Proximity to Downtown Calgary: Quick access to city amenities while offering a quieter suburban lifestyle.
- Recreational Opportunities: Multiple parks, green spaces, and Thorncliffe Greenview Community Association facilities.
- Local Shopping and Services: Nearby malls and grocery stores cater to everyday needs.
- Education: A range of schools and family-friendly amenities make it ideal for families.
The mix of affordability, location, and community amenities solidifies Thorncliffe’s reputation as a desirable place for homebuyers and investors.
