Coventry Hills NE – October 2024

Calgary real estate market summary – Coventry Hills October 2024

Market Highlights:

1. Sales and Inventory:
   • Sales: 12 properties sold in October, representing a 48% year-over-year decrease.
   • Inventory: Active listings increased to 25, showing a 39% year-over-year rise.
   • The months of supply grew to 2.08, suggesting a more balanced market.
2. Pricing:
   • The benchmark price for all residential properties is $582,700, reflecting a 4.7% year-over-year increase.
   • Detached homes benchmarked at $604,100, semi-detached homes at $530,300, and row houses at $385,600.
3. New Listings:
   • A total of 18 new listings came to market in October, marking an 18% year-over-year decline.

Community Features of Coventry Hills:

• Prime Location: Situated in northeast Calgary, Coventry Hills is ideal for commuters with easy access to Deerfoot Trail (Highway 2) and Calgary’s major arteries.
• Family-Oriented Amenities:
  • The community is popular for its abundance of schools, playgrounds, and family-friendly amenities like the Vivo for Healthier Generations recreation center, featuring fitness facilities and a swimming pool.
  • Multiple parks and green spaces make it a favorite for outdoor enthusiasts.
• Shopping and Services: Proximity to CrossIron Mills and Country Hills Village provides a wide range of shopping, dining, and entertainment options.
• Diverse Demographics: Coventry Hills attracts young families and first-time homebuyers due to its relatively affordable housing options and convenient location.

This snapshot reflects Coventry Hills’ continued desirability, balancing rising prices with more moderate sales activity. Let me know if you’d like further analysis or comparisons!