Cal Zone E Real Estate

Calgary East Real Estate & Homes for Sale


Suburb in Northwest Calgary.

Calgary East is a diverse and dynamic zone that embodies a blend of residential charm and commercial vitality. Comprising neighborhoods such as Forest Lawn, Penbrooke Meadows, and Albert Park/Radisson Heights, this zone offers a mix of housing options, from established communities to newer developments. Calgary East is known for its multicultural atmosphere, with a variety of ethnic markets, restaurants, and cultural events reflecting the diversity of its residents. The area is well-connected with major transportation routes, providing convenient access to the rest of the city. Residents can explore green spaces like Elliston Park, home to the GlobalFest fireworks festival, and enjoy recreational activities in nearby parks and sports facilities. Calgary East's evolving landscape, coupled with its affordability and accessibility, makes it an appealing choice for individuals and families seeking a vibrant and welcoming community within the city.

Calgary East Boundaries


Calgary East is depicted in green in the clickable map above along with the communities that comprise it. Calgary East borders on three zones. It is bounded on the north by Calgary North East, on the north west by Calgary City Center and on the south west by Calgary South.

Calgary East Homes for Sale by Price Range

Click on the desired price range to see the associated Calgary East Homes for Sale. After the search results open up, they can be refined using the "More Filters" button.

Calgary East Homes for Sale by Community

Hover over the map and click on the desired Calgary East community to see the homes for sale. After the search results open up, they can be refined using the "More Filters" button.

Calgary East Homes for Sale(All)

Below are all homes for sale in Calgary East. The results can be refined using the "More Filters" button.

Calgary East Communities

When looking for a home, the selection of the community is one of the most important decisions. The community profile and statistics provide the data to make an informed choice. Click on the desired Calgary East community below to see the associated profile and statistics.

Calgary East Real Estate Market Trend

Below is a summary of Calgary East recent real estate sales activity for all property types including detached, semi-detached, row and apartment. The four graphs include the "Time to Sell", "Odds of Selling", "Buying Pattern" and "Sold Price vs Finished Square Feet Scattergram".

All Property Types - 2024-03-31

Time to Sell

Time to Sell Graph.

The "Time to Sell" graph showcases properties sold over the previous 12 months with their days on the market and sold prices.

Insights:

  • High Market Activity and Efficiency: The tight clustering of properties with days on the market between 0 to 25 days indicates a highly active and efficient market. Properties are selling quickly, suggesting strong buyer demand and/or effective pricing strategies by sellers.
  • Predominant Price Range Appeal: The clustering of sold properties within the $180,000 to $600,000 price range signifies a strong market appeal and demand within this price bracket. This range likely represents the most active segment of the market, attracting a wide pool of buyers.
  • Price Sensitivity and Market Expectations: The average sold price being towards the lower end of the cluster range implies a price-sensitive market. Buyers may be gravitating towards properties that offer value within the predominant price range, possibly negotiating down from higher asking prices.

Odds of Selling

Odds of Selling Graph.

The "Odds of Selling" graph displays the number of listings across four categories for the previous 12-month period. The graph includes the number of properties in each category and shows the calculated Odds of Selling, Monthly Selling Rate, and Months of Inventory.

Insights:

  • High Likelihood of Selling: The odds of selling at 84.17% indicate a very high likelihood of properties being sold once listed. This high percentage suggests a seller's market, where demand exceeds supply.
  • Rapid Market Movement: The months of inventory metric sitting at a low 0.44 indicates a rapid market movement, where listed properties are being absorbed quickly by buyers. This is further underscored by the high monthly selling rate of 79.33 properties per month.
  • Pending Sales Indicating Continuous Demand: The presence of 17 pending properties, alongside a significant number of sold properties, signals continuous demand in the market. Pending sales represent transactions that are in the process of closing, suggesting that the market's momentum is ongoing. This ongoing demand, coupled with the low number of active listings, further highlights the imbalance between supply and demand.

Buying Pattern

Buying Pattern Graph.

The "Buying Pattern" graph, showcase the number of homes sold in each of the previous 12 months. The six months with the highest sales are highlighted in red, with the number of homes sold displayed at the top of each bar.

Insights:

  • Peak Buying Season in Late Spring to Early Fall: The months with the highest sales volumes fall into late spring through early fall, highlighting a pronounced seasonality in buying patterns. This peak buying season is likely driven by favorable weather conditions, making property viewings and moves easier, and by personal timelines, such as families aiming to settle before a new school year begins.
  • June as the Optimal Listing Month: With June recording the highest number of sales, it stands out as the optimal month for listing properties. Sellers targeting the month of June for listing their properties might find a larger pool of active buyers, potentially leading to quicker sales and better offers.
  • Strategic Planning for Buyers and Sellers: Sellers might prefer listing their homes from late spring to early fall to capture the highest activity levels, possibly preparing and staging their homes in advance to hit the market during this peak window. On the other hand, buyers aware of these trends might anticipate more options available during these months but should also prepare for potential competition.

Sold Price vs Finished Square Feet Scattergram

Pricing Scattergram Graph.

The "Sold Price vs Finished Square Feet Scattergram" graph highlights properties sold over the previous 3-month period. A trend line in red indicates the fair market value. To estimate a homes value, draw a vertical line up from the square footage to where it intersects the trend line.

Insights:

  • Positive Correlation Between Size and Price: The positive slope of the trend line confirms a direct correlation between the finished square footage of properties and their sold price. This indicates that, generally, larger properties tend to sell for higher prices.
  • Underperformance of Smaller Properties: Properties within the 450 to 900 square feet range falling below the trend line suggest that these smaller properties are selling for less than what would be expected based on the overall market trend.
  • Market Segmentation and Buyer Preferences: The clustering pattern, especially with smaller properties underperforming relative to the trend line, hints at market segmentation and varying buyer preferences. Some segments of the market may prioritize location, property features, or other factors over sheer size.




Calgary East Real Estate Statistics and Homes for Sale

Below are the listing statistics for homes in Calgary East. To see all homes for sale, click the "Total" link under "CAL Zone E Listings Summary".

RE/MAX Real Estate (Mountain View)

Cal Zone E Listings Summary

Cal Zone E - Town vs. Region Stats

Avg Price in Cal Zone E: $459,500 / Region Avg $806,700

57%

Avg Sq. Ft. in Cal Zone E: 999 / Region Avg 1,552

64%

Avg Price per/sqft in Cal Zone E:$460 / Region Avg $520

89%

Avg Walkscore in Cal Zone E: 62 / Region Avg 62

99%

Avg Year Built in Cal Zone E: 1982 / Region Avg 1998

99%

Avg Days on Website in Cal Zone E: 15 / Region Avg 29

52%

Cal Zone E Real Estate Market Health

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