Chaparral SE – October 2024

Calgary Real Estate Market Summary – Chaparral October 2024

Calgary Chaparral Real Estate Market Summary – October 2024

Overview

The real estate market in Chaparral experienced a steady performance in October 2024, with increased activity compared to the previous year. Key metrics include:

• Total Residential Sales: 14 properties were sold, a 17% year-over-year increase.
• New Listings: 17 new properties were listed, marking a 13% rise from October 2023.
• Inventory: The total inventory for the month was 20 properties, a 25% year-over-year increase.
• Months of Supply: Standing at 1.43, reflecting a seller’s market.

Property-Specific Insights

Detached Homes:

• Sales: 10 units sold, an 11% increase year-over-year.
• Benchmark Price: $741,400, a 7.4% year-over-year increase.
• Inventory: 15 units, growing by 15% from October 2023.

Semi-Detached Homes:

• Sales: No recorded sales.
• Benchmark Price: $610,300, up by 7.4% year-over-year.
• Inventory: None listed.

Row Houses:

• Sales: 3 units sold.
• Benchmark Price: $482,200, a 5.3% year-over-year increase.
• Inventory: 2 units available.

Apartments:

• Sales: 1 unit sold.
• Benchmark Price: $337,200, a 6.6% year-over-year increase.
• Inventory: 1 unit available.

Pricing Trends

• Overall Benchmark Price: $665,900, a 4.7% year-over-year increase.
• Median Price: $717,000, a substantial 22% year-over-year rise.
• Average Price: $770,414, reflecting a 27.5% increase from October 2023.

Community Features

Chaparral is a family-oriented community in Calgary, known for its scenic amenities and outdoor opportunities, including:

• Lake Access: A private lake exclusive to residents, offering year-round activities like swimming, fishing, and skating.
• Parks and Trails: Multiple green spaces and pathways connecting to Fish Creek Provincial Park.
• Convenience: Proximity to schools, shopping centers, and public transit, making it ideal for families and professionals.
• Community Programs: Active community association organizing events and programs.

Market Outlook

The Chaparral real estate market in October 2024 demonstrates strong buyer demand, particularly for detached homes. Rising prices across all property types reflect the desirability of this community. With limited inventory and sustained demand, sellers are well-positioned to benefit.

Conclusion

Chaparral remains a sought-after location for Calgary homebuyers, offering a mix of lifestyle, amenities, and value. The upward price trends and strong sales activity highlight the continued attractiveness of this vibrant neighborhood.