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Open House. Open House on Sunday, June 22, 2025 1:00PM - 3:00PM

Please visit our Open House at 56 Castlefall WAY NE in Calgary. See details here

Open House on Sunday, June 22, 2025 1:00PM - 3:00PM

Welcome to Castleridge Estates! Discover this spacious and charming 1,377 sq ft bungalow nestled on a generous 5,478 sq ft lot in a quiet, family-friendly neighbourhood—surrounded by multi-million dollar homes. Boasting 4 bedrooms and 3 full bathrooms, this home offers a fantastic layout with room to grow. To the left, step into a sunken living room featuring vaulted ceilings, a cozy stone fireplace, and abundant natural light. To the right, you’ll find a huge dining room connected to the country-style kitchen which leads to patio doors that open onto a partially covered deck—perfect for morning coffee or evening BBQs. The primary bedroom offers a relaxing retreat with a bay window, walk through closets, and a private 3-piece ensuite. Two additional large bedrooms and another full bathroom complete the main floor. Did we mention the entire main level is covered in refinished and varnished bamboo hardwood flooring? It’s a stunning, durable upgrade you’ll love. Downstairs, the fully finished basement offers incredible versatility with a spacious family room, recreation area, wet bar, 4th bedroom, and a full bathroom—perfect for guests, teens, or entertaining. You'll also find a dedicated laundry room and a massive storage space that could easily be converted into a home gym or hobby room. The mechanical room has been well-maintained and features a brand new hot water tank and a recently serviced furnace with full duct cleaning for added peace of mind. The yard is fully fenced and landscaped, and the insulated double attached garage is ready for all seasons. Located close to parks, schools, playgrounds, and public transit, this home is perfect for first-time buyers, growing families, down sizing or savvy investors. A bungalow of this size is rare to find. Don’t miss your chance to own in one of NE Calgary’s most established and desirable communities. Schedule your private tour today!

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New property listed in Castleridge, Calgary

I have listed a new property at 56 Castlefall WAY NE in Calgary. See details here

Welcome to Castleridge Estates! Discover this spacious and charming 1,377 sq ft bungalow nestled on a generous 5,478 sq ft lot in a quiet, family-friendly neighbourhood—surrounded by multi-million dollar homes. Boasting 4 bedrooms and 3 full bathrooms, this home offers a fantastic layout with room to grow. To the left, step into a sunken living room featuring vaulted ceilings, a cozy stone fireplace, and abundant natural light. To the right, you’ll find a huge dining room connected to the country-style kitchen which leads to patio doors that open onto a partially covered deck—perfect for morning coffee or evening BBQs. The primary bedroom offers a relaxing retreat with a bay window, walk through closets, and a private 3-piece ensuite. Two additional large bedrooms and another full bathroom complete the main floor. Did we mention the entire main level is covered in refinished and varnished bamboo hardwood flooring? It’s a stunning, durable upgrade you’ll love. Downstairs, the fully finished basement offers incredible versatility with a spacious family room, recreation area, wet bar, 4th bedroom, and a full bathroom—perfect for guests, teens, or entertaining. You'll also find a dedicated laundry room and a massive storage space that could easily be converted into a home gym or hobby room. The mechanical room has been well-maintained and features a brand new hot water tank and a recently serviced furnace with full duct cleaning for added peace of mind. The yard is fully fenced and landscaped, and the insulated double attached garage is ready for all seasons. Located close to parks, schools, playgrounds, and public transit, this home is perfect for first-time buyers, growing families, down sizing or savvy investors. A bungalow of this size is rare to find. Don’t miss your chance to own in one of NE Calgary’s most established and desirable communities. Schedule your private tour today!

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Calgary and Area Real Estate Market Report – May 2025

Calgary Housing Market Overview

  • Sales Activity: Calgary recorded 2,568 home sales in May 2025, a 17% decrease compared to May 2024. Despite this decline, sales remained 11% above long-term trends. creb.com

  • New Listings and Inventory: New listings rose to 4,842 units, leading to an inventory of 6,740 units, a 137% increase year-over-year. The months of supply increased to 2.62, indicating a move toward balanced market conditions. creb.com

  • Benchmark Prices: The unadjusted residential benchmark price was $589,900, a slight decrease from the previous month and over 2% below May 2024 levels. Detached and semi-detached homes maintained consistent prices, while apartment and row-style homes experienced modest monthly price declines. creb.com


Regional Market Insights

  • Airdrie:

    • Benchmark Price: $537,200, a 4% year-over-year increase.

  • Cochrane:

    • Benchmark Price: $548,900, a 6% year-over-year increase.

  • Okotoks:

    • Benchmark Price: $582,100, a 4% year-over-year increase.

  • Chestermere:

    • Benchmark Price: $727,200, a 2% year-over-year increase.

  • Langdon (Rocky View Region):

    • Benchmark Price: $693,300, a 5% year-over-year increase.

  • Strathmore (Wheatland Region):

    • Benchmark Price: $479,800, a 7% year-over-year increase.


Conclusion

May 2025 marked a significant shift toward more balanced market conditions in Calgary and its surrounding areas. The substantial increase in inventory levels has provided buyers with more options, easing the competitive pressure seen in previous months. While sales have declined compared to the previous year, they remain consistent with long-term trends, indicating a healthy market adjustment. Benchmark prices have stabilized, reflecting a market that is adjusting to changing economic conditions. Both buyers and sellers should stay informed about local market trends to make strategic decisions in this evolving landscape.

For more detailed information, you can refer to the full CREB® May 2025 reports:

  • City of Calgary Monthly Statistics

  • Regional Monthly Statistics

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.