Yorkville Real Estate Market Calgary – November 2024

Calgary Real Estate Monthly Report: Yorkville – November 2024

Market Overview

Yorkville experienced significant real estate activity in November 2024, showcasing substantial year-over-year growth and dynamic market conditions. The total residential sales for the month amounted to 6 properties, reflecting a remarkable 500% increase year-over-year (Y/Y). New listings also surged, with 7 properties introduced, representing a 600% growth Y/Y. The inventory stood at 9 properties, resulting in a months of supply metric of 1.5, indicative of a seller’s market.

Pricing Trends

The benchmark prices for various property types in Yorkville in November 2024 are as follows:

• Detached Homes: $787,500 (Stable at 2.3% Y/Y increase)
• Semi-Detached Homes: $578,000
• Row Homes: $531,245
• Total Residential Average Price: $576,500 (Reflecting a decrease of 25.1% Y/Y)

The median price across all residential types was $584,000, which saw a slight decline of 5% compared to the previous year. These pricing trends indicate a diversified demand with buyers focusing on both affordability and high-value properties.

Sales and Inventory

The breakdown of sales across property types in Yorkville during November 2024 is as follows:

• Detached Homes: 1 sale
• Semi-Detached Homes: 3 sales
• Row Homes: 2 sales

With the sales-to-new-listings (S/NL) ratio at 0.86, the market shows healthy turnover rates, providing opportunities for both buyers and sellers.

Community Features

Yorkville remains a sought-after community in Calgary, characterized by its vibrant amenities and well-planned developments. Key features include:

• Green Spaces and Parks: The community offers ample recreational opportunities with well-maintained parks and walking trails, fostering a family-friendly environment.
• Connectivity: Strategic location with easy access to major Calgary transit routes and nearby shopping centers.
• Educational Facilities: Close proximity to schools enhances the appeal for families with children.
• Community Events: Yorkville frequently hosts community gatherings and activities, enriching the social fabric and sense of belonging among residents.

Monthly Trend Insights

Over the past six months, Yorkville has shown consistent growth in new listings and sales activity. Despite a decline in average prices, the high sales volume reflects robust buyer interest, especially in semi-detached and row homes. Inventory levels remain low, with the months of supply metric consistently below 2.0, underscoring strong demand.

Conclusion

November 2024 was a dynamic month for Yorkville’s real estate market, with substantial increases in sales and listings. The combination of competitive pricing, excellent community features, and strong demand positions Yorkville as an attractive option for homebuyers and investors alike.

For prospective buyers, Yorkville offers a mix of affordability and modern amenities, while sellers benefit from the brisk market conditions and increased activity. The community’s growth trajectory suggests continued opportunities in the months to come.