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Calgary latest real estate market Wolf Willow
Market Overview
Wolf Willow experienced a dynamic real estate market in November 2024, with 10 sales, representing a substantial 900% year-over-year (Y/Y) increase. New listings surged to 32 properties, up 967% Y/Y, while inventory levels stood at 52 properties, showing a 940% increase Y/Y. The months of supply dropped to 5.20, suggesting a competitive environment despite the inventory growth.
Pricing Trends
The benchmark prices for property types in Wolf Willow are as follows:
- Detached Homes: $685,000
- Semi-Detached Homes: $644,000
- Row Homes: $600,000
- Apartments: $321,250
- Overall Residential Average Price: $602,000 (up 11.1% Y/Y)
The median price for all residential transactions in November 2024 was $525,950, reflecting a 3.0% decrease Y/Y, while the benchmark price climbed by 11.1% Y/Y.
Sales and Inventory Insights
- Detached Homes: 3 sales
- Semi-Detached Homes: 2 sales
- Row Homes: 1 sale
- Apartments: 4 sales
The sales-to-new-listings (S/NL) ratio was 0.31, showing increased listing activity outpacing the number of sales. This indicates an opportunity for buyers to explore a broader range of options.
Community Features
Wolf Willow is a growing and vibrant community that balances urban convenience with natural beauty:
- Proximity to Nature: The neighborhood is nestled near the Bow River, offering scenic views and outdoor recreation opportunities such as trails and parks.
- Modern Amenities: Wolf Willow features a variety of retail and dining establishments, catering to residents’ diverse needs.
- Family-Friendly Environment: Excellent schools and playgrounds make it a great choice for families.
- Easy Access: Located close to major highways and transit routes, Wolf Willow ensures seamless connectivity to the rest of Calgary.
Monthly Trend Insights
In the past six months, Wolf Willow has shown consistent growth in new listings and sales, particularly in detached and semi-detached segments. Despite high inventory levels, demand remains strong, as reflected in rising benchmark prices.
Conclusion
November 2024 was a transformative month for Wolf Willow\u2019s real estate market, characterized by surging sales and new listings. With its competitive pricing, robust inventory, and appealing community features, Wolf Willow continues to attract buyers and investors.
For those considering the area, Wolf Willow offers a blend of affordability and quality living, making it an excellent option for families and professionals alike.
Calgary latest real estate market Wolf Willow
