01/12/2025
🌟 2024 Calgary Apartment Market Recap & 2025 Outlook 🌟
As we reflect on the Calgary apartment market in 2024, we've seen a shift in sales dynamics. After an exceptional year in 2023, with record-high sales, apartment sales slowed by 4% in the second half of 2024. Despite this, we’re still seeing strong results with 7,568 transactions, marking the second-highest year for apartment sales in history.
The rise in new listings has been a key driver, boosting inventory by 23% compared to 2023, which has helped create more balanced market conditions. While prices adjusted slightly in the final quarter, the annual benchmark price still saw a notable increase of 15%. The average price for apartments now sits at $336,183, with the highest price growth recorded in the Northeast, East, and South districts, where gains surpassed 20%.
Looking ahead to 2025, the goal is to maintain a steady balance between supply and demand, continuing the momentum seen earlier in the year while navigating the shifts in buyer preferences. It's an exciting time to be in the Calgary real estate market, and I'm here to help you navigate these changes. 📈
https://www.sakson.ca/
Max Sakson
Re/Max (Central) #1 in the business
403-334-0028