As highlighted in my latest market report, not all property types or communities in Calgary and the surrounding areas are experiencing the same trends. Below is a more detailed breakdown by product type and region:
By Property Type (Calgary)
🏡 Detached Homes
- Sales: 1,035 units (▼ 10% YoY)
- Inventory: Increased due to more new listings
- Months of Supply: ~2 months (still tight under $700K; more balanced above $800K)
- Benchmark Price: $769,800 (▲ 4% YoY)
- Notable Trend: Largest price gains seen in the City Centre
Semi-Detached Homes
- Sales: Down 11% YoY in Q1
- Inventory: Rising due to improved listings; Months of supply at 2.2 (highest since end of 2022)
- Benchmark Price: $691,900 (▲ 5%+ YoY; above July 2024 peak)
- Hot Spots: City Centre and West districts saw largest price increases
Row Homes
- New Listings: Surged to 697 units
- Sales: 400 units (causing lower sales-to-new-listings ratio)
- Inventory: 826 units (higher but below pre-pandemic highs)
- Benchmark Price: $454,000 (▲ 2% YoY; ▼ ~4% from June 2024 peak)
- Regional Hotspots: Inventory gains in North East, North, and South East
- Shift: Market more balanced, especially above $500K
Apartment Condominiums
- Q1 Sales: 1,383 (▼ YoY, but still well above long-term trends)
- Inventory: 1,710 units (months of supply over 3)
- Benchmark Price: $336,100 (▲ 3% YoY; below August 2024 peak)
- Price Drops Noted: In North and North East districts
- Trend: More listings slowing price growth; still stronger than 2015–2020
Regional Markets (Surrounding Communities)
Airdrie
- March Sales: 160 | Q1 Total: 395 (▼ 11% YoY)
- Inventory: 398 units (more than double last year)
- Months of Supply: ~2.5 (approaching balanced)
- Benchmark Price: $651,300 (▲ 2%+ YoY; close to June 2024 peak of $657,400)
Cochrane
- Sales: Steady YoY | Q1 slightly ahead of 2024
- Sales-to-New-Listings Ratio: 67% (supports slower inventory growth)
- Inventory: 213 units (up YoY; in line with long-term trends)
- Benchmark Price: $686,800 (▲ 5%+ YoY; new record high)
Okotoks
- Q1 Sales: 129 units (▼ from 155 in Q1 2024)
- Inventory: Very low (96 units); sales-to-new-listings still above 60%
- Months of Supply: < 2 months
- Benchmark Price: $715,500 (▲ 5%+ YoY; new record high)
