Cougar Ridge SW – October 2024

Calgary Real Estate Market Summary – Cougar Ridge October 2024

Market Highlights:

1. Sales and Inventory:
   • Sales: 11 properties were sold in October, marking a 57% increase year-over-year.
   • Inventory: There were 8 active listings, up 167% compared to last year.
   • The months of supply dropped to 0.64, highlighting a strong seller’s market.
2. Pricing:
   • The benchmark price rose to $792,500, reflecting a 7.5% year-over-year increase.
   • Detached homes had an average price of $866,100, semi-detached homes at $554,400, and row homes at $479,500.
3. Trends:
   • Detached and semi-detached segments showed steady demand with inventory pressures.
   • New listings in October were limited, standing at 8, a 26% decrease year-to-date, which keeps competition high among buyers.

Community Features of Cougar Ridge:

• Location: Cougar Ridge is a well-established community in Calgary’s southwest, offering proximity to downtown and excellent transportation options, including quick access to Highway 1 for mountain escapes.
• Amenities:
  • Popular for its parks, walking trails, and green spaces, making it family-friendly and attractive to outdoor enthusiasts.
  • Notable community spots include Winsport (Canada Olympic Park) for year-round activities and nearby shopping hubs like Westhills and Signal Hill.
• Schools and Services: Home to high-quality schools like Calgary French & International School, which draws families.
• Demographic Appeal: Cougar Ridge appeals to professionals and families due to its balanced mix of housing options, from upscale detached homes to townhouses.

The combination of rising property values and a tight inventory signals a competitive market for buyers, with strong growth potential for the community. If you’d like more detailed trends or comparisons, let me know!