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Calgary Real Estate Market Summary: Huntington Hills – October 2024
Market Overview: Huntington Hills demonstrated a mixed performance in October 2024. Total residential sales were 14, marking an 18% decrease year-over-year (Y/Y), while new listings saw a 38% increase, totaling 22. The benchmark price for residential properties stood at $526,600, reflecting a modest 4.6% Y/Y increase.
The months of supply rose to 2.0, up from the prior year, indicating a shift toward a more balanced market. Despite a decline in transaction volume, price stability underscores sustained buyer interest.
Price Trends by Housing Type:
- Detached Homes: Benchmark price at $582,100, a 5.1% Y/Y increase.
- Semi-Detached: Benchmark price at $419,700, up by 6.9% Y/Y.
- Row Homes: Benchmark price at $325,100, showing a 4.6% Y/Y growth.
- Apartments: Benchmark price at $341,200, up 11.9% Y/Y.
Key Metrics:
- Sales-to-new-listings ratio: 0.64, reflecting slower absorption.
- Inventory levels rose 250% Y/Y, offering more options for buyers.
Community Features: Huntington Hills remains an attractive destination for families and professionals alike. Its strategic location provides seamless access to major Calgary roadways, public transit, schools, and amenities. The area is renowned for its mature trees, parks, and recreation centers, fostering a close-knit community atmosphere.
If you need a deeper dive into specific housing segments or historical trends, let me know!
