Kincora NW – October 2024

Calgary Real Estate Market Summary: Kincora – October 2024

Market Overview: The Kincora real estate market displayed a mixed performance in October 2024. Sales declined by 36% year-over-year (Y/Y), totaling 7 transactions, while new listings surged by 62% Y/Y, reaching 21. The months of supply increased significantly to 3.71, a clear shift toward a more balanced market. Inventory also rose 86% Y/Y, reflecting greater availability.

The benchmark price for residential properties in Kincora stood at $591,600, showing a steady 5.3% Y/Y increase. Median and average prices reached $687,500 (+54.5% Y/Y) and $569,686 (+11% Y/Y), respectively, signaling strong buyer interest in higher-priced properties.

Price Trends by Housing Type:

• Detached Homes: Benchmark price at $773,800, an increase of 5.3% Y/Y.
• Row Homes: Benchmark price at $479,100, reflecting a 7.2% Y/Y growth.
• Apartments: Benchmark price at $365,600, up 85.7% Y/Y.
• Semi-Detached Homes: No transactions recorded in October 2024.

Key Metrics:

• Sales-to-new-listings ratio (S/NL): 0.33, indicating a slower pace of absorption.
• Days on Market (DOM): Properties averaged 33 days, suggesting a moderate selling speed.

Community Features: Kincora is renowned for its tranquil suburban appeal, with beautifully landscaped pathways, green spaces, and architectural charm inspired by Celtic themes. The community offers excellent amenities, including proximity to major shopping centers like Creekside and Beacon Hill. With easy access to Stoney Trail and other major routes, Kincora appeals to families and professionals seeking convenience and a sense of community.

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