Price Escalation: Calgary's Own Rocket Sleigh

The benchmark price soared to a jolly $572,700, marking an 11% ascent from last November. This upward trajectory in prices is like Calgary's version of Santa's sleigh – defying gravity and filled with surprises. It's a clear indicator that the market's health is as robust as Santa himself.

Detached Homes: The Star on Calgary's Real Estate Tree

Detached homes, particularly those under $700,000, faced a supply crunch, leading to a 20% dip in year-to-date sales. Yet, the overall benchmark price for these homes reached a starry height of $699,500, a 13% increase from last year. This segment of the market is like the star atop the Christmas tree – highly sought after and admired.

Semi-Detached and Row Houses: The Harmonious Carolers

Semi-detached homes saw a welcome influx of listings, stabilizing prices at $628,700, a figure that's still 12% higher than last year. Row houses, not to be outshone, boasted a benchmark price of $429,100, a significant 21% increase. These housing types harmonize like carolers, each contributing to the festive melody of the market.

Apartment Condominiums: The Market's Shining Ornaments

Apartment condos continued their ascent to stardom, with sales reaching new heights and the benchmark price hitting a dazzling $320,100. Their affordability and popularity make them akin to the shining ornaments on a Christmas tree, adding sparkle and appeal to the market.

Regional Rundown: The Diverse Flavors of the Holiday Season

Airdrie: Like a surprise gift under the tree, Airdrie's benchmark price grew to $524,500 despite a dip in year-to-date sales.
Cochrane: Offering a more balanced market, Cochrane's benchmark price climbed to $548,600, like a carefully chosen gift that keeps giving.
Okotoks: With a benchmark price of $590,200, Okotoks reminds us of the joy and warmth of the holiday season, showcasing robust growth and vitality.

A Season of Joy and Real Estate Revelations

As we deck the halls and light the candles, Calgary's real estate market wraps up November with a bow of optimism and growth. Whether you're a buyer, a seller, or simply enjoying the holiday season, understanding these trends is crucial. And remember, if the real estate market feels as complex as assembling a child's toy on Christmas Eve, I'm here to help with expertise and a sprinkle of holiday cheer.

As we approach the heartwarming time of Christmas, I extend my warmest wishes for a joyful and prosperous holiday season to you and your loved ones. May your homes be filled with laughter, love, and the spirit of togetherness. If you're considering a move in this dynamic market or just seeking some friendly advice, I'm only a call or a click away. Visit PlanWithMike.ca or give me a ring at (403) 809-9386. Let's make your real estate dreams come true in this season of wonder.