Canyon Meadows SW – October 2024

Calgary Canyon Meadows Real Estate Market Summary – October 2024

Market Performance

The Canyon Meadows real estate market in October 2024 experienced the following highlights:

• Sales: 15 homes were sold, a decrease of 25% compared to October 2023.
• New Listings: There were 26 new listings, marking a 44% increase year-over-year.
• Inventory: Inventory increased by 33% to 24 homes.
• Months of Supply: The market had 1.60 months of supply, up 33% from the previous year.
• Benchmark Prices:
  • Total residential benchmark price: $520,700, an increase of 5.1% year-over-year.
  • Detached homes: $769,400 (+9.9% YoY).
  • Semi-detached homes: $462,400 (+0.4% YoY).
  • Row homes: $362,700 (+21.9% YoY).
  • Apartments: $217,900 (+9.4% YoY).

The year-over-year growth in prices, especially for row homes and detached properties, indicates strong demand despite the inventory increase​.

Community Features

Canyon Meadows is a well-established community in Calgary known for its lush green spaces and convenient amenities. Key features include:

• Recreational Facilities: Close proximity to Fish Creek Provincial Park, one of the largest urban parks in North America, offering extensive pathways and nature experiences.
• Accessibility: Easy access to Macleod Trail and major transit routes, connecting residents to downtown Calgary and other areas.
• Family-Friendly Environment: A variety of schools, including both public and private institutions, cater to families with children of all ages.
• Community Amenities: The area features local shopping centers, restaurants, and recreational options, contributing to a well-rounded suburban lifestyle.

The real estate activity in Canyon Meadows reflects a balanced market with increasing options for buyers while maintaining strong property value growth.