Carrington NW – October 2024

Calgary Real Estate Market Summary – Carrington October 2024

Overview

The Carrington community in Calgary experienced a dynamic real estate market in October 2024, with significant activity across all property types. Here are the key highlights:

• Total Residential Sales: 12 properties were sold, representing a 50% year-over-year increase.
• New Listings: 15 new properties were listed, marking a 6% decline compared to October 2023.
• Inventory: The total inventory for the month was 35 properties, a 75% increase year-over-year.
• Months of Supply: The months of supply stood at 2.92, reflecting a balanced market.

Property-Specific Insights

Detached Homes:

• Sales: 1 unit sold (-75% YoY).
• Benchmark Price: $758,200, showing stability compared to the previous months.
• Inventory: 7 units, unchanged from the prior year.

Semi-Detached Homes:

• Sales: 3 units sold, a substantial year-over-year increase.
• Benchmark Price: Not available for October 2024.
• Inventory: 4 units (-50% YoY).

Row Houses:

• Sales: 3 units sold (-25% YoY).
• Benchmark Price: $432,000, a slight year-over-year increase of 6.1%.
• Inventory: 4 units (-43% YoY).

Apartments:

• Sales: 5 units sold, a notable rise from no recorded sales in October 2023.
• Benchmark Price: Not specified for this month.
• Inventory: 3 units, marking a significant drop.

Pricing Trends

• Overall Benchmark Price: $645,400, reflecting a 6.1% year-over-year increase.
• Median Price: $534,500, a decrease of 15.1% from October 2023.
• Average Price: $507,650, down by 23.4% year-over-year.

Community Features

Carrington is a vibrant and growing community in Calgary’s north quadrant. It boasts several amenities, including:

• Green Spaces: Numerous parks and pathways that promote outdoor activities.
• Connectivity: Easy access to major roads, including Stoney Trail, ensuring smooth commutes.
• Retail and Services: Proximity to shopping centers, restaurants, and essential services.
• Family-Oriented: A range of schools and recreational facilities catering to families.

Market Outlook

The Carrington real estate market in October 2024 showcased strong demand, particularly in semi-detached and apartment properties. While detached homes saw a slowdown in sales, the rise in inventory provides opportunities for buyers. The steady increase in benchmark prices reflects the area’s growing appeal as a desirable residential community.

Conclusion

Carrington continues to attract a mix of families and individuals seeking modern living in a well-connected and amenity-rich community. With balanced market conditions, buyers and sellers can expect a fair and competitive environment as we move into the year-end period.