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Calgary latest real estate market Woodbine
Market Overview
The Woodbine community in Calgary showed notable activity in November 2024, with a 600% year-over-year (Y/Y) increase in residential sales, totaling 14 transactions. Despite robust sales, new listings remained stable at 5 properties. The months of supply for the community dropped to a remarkable 0.50, indicating a highly competitive seller’s market. Inventory levels also remained low, with 7 properties on the market.
Pricing Trends
Benchmark prices for various property types in Woodbine were as follows:
- Detached Homes: $727,200
- Row Homes: $453,100
- Overall Residential Benchmark Price: $658,400 (an increase of 6.7% Y/Y)
The median price for all residential transactions was $692,500, reflecting a slight decline of 6.1% Y/Y, while the average price stood at $702,024, down 4.8% Y/Y.
Sales and Inventory Analysis
The breakdown of sales by property type in November 2024 is:
- Detached Homes: 13 sales
- Row Homes: 1 sale
- Semi-Detached and Apartments: No recorded sales
The sales-to-new-listings (S/NL) ratio for the community was 2.80, further demonstrating high buyer activity relative to new inventory availability.
Community Features
Woodbine continues to be a desirable neighborhood due to its established amenities and attractive residential offerings:
- Natural Green Spaces: Residents benefit from easy access to Fish Creek Provincial Park, one of Calgary’s largest urban parks, which provides excellent opportunities for outdoor recreation.
- Connectivity: The community is well-connected to major transportation routes, including Anderson Road and the Southwest Calgary Ring Road, ensuring seamless commutes.
- Local Amenities: Woodbine boasts a mix of shopping, dining, and community services, enhancing its appeal to families and professionals.
- Schools and Family-Friendly Atmosphere: Proximity to reputable schools makes Woodbine a preferred choice for families with children.
Monthly Trend Insights
Over the last six months, Woodbine has exhibited a steady increase in sales activity and pricing stability, particularly in detached home categories. The high demand has kept inventory levels low, and the months of supply have consistently trended below 2.0, indicating ongoing market strength.
Conclusion
November 2024 highlighted the strong demand for homes in Woodbine, characterized by significant sales growth and pricing resilience. With its mix of urban amenities, natural landscapes, and a family-oriented atmosphere, Woodbine remains a standout neighborhood in Calgary’s competitive real estate market.
Calgary latest real estate market Woodbine
