Cranston SE – October 2024

Calgary Real Estate Market Summary – Cranston October 2024

Market Highlights:

1. Sales and Inventory:
   • Sales: 38 residential properties sold, marking a 9% year-over-year increase.
   • Inventory: 56 active listings, a 14% increase compared to last year.
   • Months of Supply: Stands at 1.47, maintaining a competitive market environment.
2. Pricing:
   • Total Benchmark Price: $623,900, reflecting a 4.4% year-over-year increase.
   • Detached Homes: Benchmark price at $757,400, up 8.6%.
   • Semi-Detached Homes: $518,000 (+5.7%).
   • Row Homes: $468,200 (+8.9%).
   • Apartments: $373,900 (+14.3%).
3. New Listings:
   • A total of 37 new listings, a 6% increase compared to October 2023.

Community Features of Cranston:

1. Natural Beauty:
   • Nestled along the Bow River, Cranston offers stunning river views, abundant walking paths, and access to Fish Creek Provincial Park, one of the largest urban parks in North America.
2. Amenities and Lifestyle:
   • Cranston Residents Association provides exclusive access to Century Hall, which includes recreational facilities, meeting spaces, and outdoor amenities like tennis courts and a splash park.
   • Close proximity to the South Health Campus Hospital, making it a convenient choice for healthcare professionals and families.
3. Family-Centric:
   • Home to numerous schools, including Joane Cardinal-Schubert High School and Christ the King School.
   • Kid-friendly spaces such as parks, playgrounds, and sports fields foster a vibrant community for families.
4. Convenience:
   • Shopping hubs like Seton Urban District and Cranston Market provide residents with a range of retail, dining, and service options.
   • Easy access to Deerfoot Trail and Stoney Trail ensures smooth connectivity to downtown Calgary and other parts of the city.
5. Housing Variety:
   • Offers a mix of housing options, from upscale detached homes to affordable townhouses and apartments, catering to diverse demographics.

With its natural surroundings, family-friendly amenities, and growing market activity, Cranston remains a sought-after neighborhood for both buyers and investors. Let me know if you’d like additional insights!