Harvest Hills NE – October 2024

Calgary Real Estate Market Summary – Harvest Hills October 2024

Market Overview: Harvest Hills in Calgary experienced significant activity in October 2024. Sales surged by 86% year-over-year (Y/Y), reaching 13 transactions, while new listings slightly declined by 8% with a total of 11. The benchmark residential price was $548,900, reflecting a 3.4% increase Y/Y. However, average and median prices decreased by approximately 7.9% and 14.3%, respectively.

The sales-to-new-listings ratio was robust at 1.18, indicating a seller-favorable market. Inventory saw an 82% increase compared to the previous year, leading to a supply of 1.54 months, which still leans toward a competitive market.

Price Trends by Housing Type:

• Detached Homes: Average price of $630,200 (3% Y/Y increase).
• Row Homes: Averaged at $433,200 (4.5% Y/Y increase).
• Apartments: Average price stood at $426,200, reflecting a 3.4% Y/Y growth.
• Semi-Detached: Data was limited, with no significant transactions reported.

Community Features: Harvest Hills is known for its family-friendly environment, abundant green spaces, and access to Harvest Hills Lake. The area boasts convenient access to major thoroughfares like Deerfoot Trail, schools, shopping centers, and recreational amenities. These features continue to enhance its appeal to buyers, especially young families and professionals seeking proximity to urban conveniences.

If you need detailed breakdowns by property types or historical comparisons, feel free to ask!