Belmont SW – October 2024

Calgary Real Estate Market Summary – Belmont October 2024

Market Highlights
The Belmont real estate market saw strong activity in October 2024, driven by robust sales and inventory dynamics. The benchmark residential price increased to $693,425, a 1.0% year-over-year gain, showcasing sustained value in the area. The median price reached $790,000, marking a significant 12.3% annual increase, while the average price was $602,469, reflecting a 3.8% year-over-year decline.

Sales activity surged with 8 properties sold, up 167% compared to October 2023. Inventory increased to 20 units, a 54% rise year-over-year, indicating more options for buyers. The sales-to-new-listing ratio (S/NL) stood at 0.57, suggesting a buyer-favorable market. Belmont’s months of supply remained at 2.5 months, reflecting a balanced market environment.

Property Types Performance

• Detached Homes: A standout category with a median price of $790,000, indicating high buyer demand.
• Apartments: Represent a more affordable option with a median price of $294,000.
• Row Housing: Continues to cater to entry-level buyers with steady demand.

Community Features
Belmont offers a blend of modern living and accessibility, appealing to families, young professionals, and retirees. It features extensive green spaces, walking trails, and parks, fostering a nature-friendly environment. The community is conveniently located near major transportation routes, shopping hubs, and schools, making it ideal for a variety of lifestyles. Belmont’s commitment to sustainability and planned amenities, including recreation facilities and commercial centers, adds to its growing appeal.

Would you like insights into specific buyer trends or a deeper breakdown of property categories in Belmont?