Acadia – October 2024

Acadia Real Estate Market Summary – October 2024

Market Highlights
Acadia displayed strong performance in October 2024, highlighting the neighborhood’s popularity among buyers. The benchmark residential price was $517,000, marking a 7.7% increase year-over-year, while the median price surged to $646,000, reflecting a 12.7% annual growth. The average sale price also climbed to $633,347, a 14.9% increase.

Sales activity rose significantly, with 17 properties sold, representing a 42% year-over-year increase. Inventory levels reached 17 units, up 70% from October 2023, while the sales-to-new-listing ratio (S/NL) stood at 0.81, signaling a balanced market. Properties sold quickly, with an average days on market (DOM) of 19 days and a sale-to-list price ratio of 98.5%.

Performance by Property Type

• Detached Homes: A benchmark price of $634,200, reflecting a 9.1% annual increase.
• Row Housing: Affordably priced at a benchmark of $342,200, showing ongoing demand for this property type.
• Apartments: The benchmark price was $235,300, offering a competitive entry point for buyers.

Community Features
Acadia continues to thrive as a family-friendly neighborhood with convenient access to downtown Calgary, excellent schools, and numerous recreational facilities. The Acadia Recreation Complex offers activities ranging from skating to fitness programs. The community is adorned with parks, including green spaces along the Bow River, creating an ideal environment for outdoor enthusiasts. Acadia also boasts vibrant local businesses, restaurants, and shopping, all complemented by reliable public transit and major road access.

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