Price declines mostly driven by higher density home types

🤩 Sweeping Mountain Views

📍237 Escarpment Drive offered at $5,900,000

🏡 Over 6600 sq ft on all levels

🌲 Treed and very private

Room to breathe, every once in a while, an extremely RARE 20-Acre Ridge top legacy estate with SWEEPING Rocky Mountain Views comes available. Experience an unparalleled blend of natural beauty, privacy, and potential with this exceptional 20-acre property perched high on the ridge along prestigious Escarpment Drive in Lower Springbank. Offering uninterrupted, PANORAMIC views of the majestic Rocky Mountains, from this one owner occupied property. This timeless ARCHITECTURAL masterpiece, spans over 6,600 sq. ft. and is surrounded by mature trees, a tranquil pond and seasonable stream, and thoughtfully designed outdoor living spaces—each perfectly positioned to capture the awe-inspiring views while maintaining complete seclusion.  Inside, the vaulted foyer opens to a stunning great room with floor-to-ceiling windows framing the Rockies. Warm terracotta tile and light oak hardwood flow through the main level. The spacious formal dining room, with its elegant tray ceiling, while the SUNLIT updated kitchen features premium appliances, granite counters, a spacious dining area with full-height windows, and a generous butler’s pantry for effortless entertaining.  Outstanding owner’s retreat offers a serene escape with a mountain-facing primary bedroom, luxurious 5-piece ensuite, walk-in closet, and an adjoining office or sitting room with a gas fireplace and expansive windows. The WALKOUT lower level is designed for comfort and hospitality, featuring three large bedrooms (one with ensuite), a 4-piece bath with steam shower and sauna, and a cozy family room with a fireplace built from rocks gathered on the property. French doors lead to a west-facing patio, the perfect spot to watch the sun set behind the mountains.  The upper level offers even more flexibility: a lofted family room with a Spanish-style wood-burning fireplace, a bright skylit den, a hobby room, a 3-piece bath, and a full billiards room with an authentic snooker table.  This property is TREED, and the private acreage is boundary fenced and brimming with potential and ripe for future development, equestrian pursuits, or simply preserving as untouched natural space. This ideal location is just 5 minutes to Calgary’s west side amenities and Stoney Trail, close to downtown, and Rocky Mountains, IRRECPLACEABLE location combines convenience with seclusion. It’s also close to some of Canada’s top-ranked public and private schools, making it an ideal choice for families seeking a premier lifestyle. Whether you’re a visionary looking for a once-in-a-lifetime investment or a discerning buyer seeking an extraordinary private estate, this property offers tons possibilities.  This is more than a home—it’s a rare OPPORTUNITY to own a piece of Alberta’s most breathtaking landscapes and mountain views.

🎉 Thank you so much for the Individual Top Realtor recognition, C21 Bamber Realty. A shout out to the great office staff and management support from George Bamber. 🎉

Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units, reaching levels not seen since prior to the pandemic and higher than long-term trends. While supply has improved across all property types and all districts, the largest gains are occurring in the areas where there has been new community growth.  

The additional supply has weighed on home prices in some parts of the city. The total residential benchmark price in Calgary has trended down over the past several months and is currently four per cent below last year's peak price reported in June 2024.  

"Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years," said Ann-Marie Lurie, Chief Economist at CREB®. "The steepest price declines have occurred for apartment and row style homes, mostly in the North East and North districts, which coincides with significant gains in new supply."  

The rise in supply occurred as sales continued to slow and new listings improved. In July, there were 2,099 sales, a 12 per cent decline over last year, while new listings reached 3,911 units, an over eight per cent increase over last year. In addition to the persistent economic uncertainty due to tariffs, sales and new listings were impacted by no further reductions in lending rates and added competition from the new home market. Apartment-style homes are reporting the highest months of supply with over four months, while both detached and semi-detached homes are seeing conditions remain relatively balanced at just three months of supply.   

2️⃣0️⃣   Acre parcel

🏔️ Stunning Mountain Views

📍 237 Escarpment Drive

🤩 Rare location on Escarpment in Lower Springbank offered at $5,900,000

🏡 6600 sq ft residence   🛌 4 Bedrooms   🚿 5 Bathrooms

This is your rare opportunity for 20 Acre parcel in the heart of the Escarpment in Lower Springbank on Calgary’s western edge. Uninterrupted panoramic mountain views of the majestic Rockies are some of the boasts of this legacy estate with architecturally distinctive design that frames every view, 4 spacious bedrooms, 5 bathrooms, thoughtfully updated with gourmet kitchen, vaulted ceilings, offering the best of both worlds, seclusion and accessibility all while being minutes to Calgary’s conveniences and numerous private and public schools, Whether you’re a visionary developer seeking investment opportunity or a discerning buyers searching for an extraordinary legacy property, the rare estate offers limitless potential of an irreplaceable slice of natural beauty.  Reach out to book your private viewing today of this Exclusive Listing opportunity.

  🏡   OPEN HOUSE on Sunday July 27th 1-3pm You’re Invited!

⛳️ Do you LIVE at the golf course? Then you should truly LIVE at the golf course!   

 🤩 Come check out this spectacular home backing on to hole #5 at Springbank Links.

📍 435 Rodeo Ridge

💥   Priced to SELL at $1,548,888

🛏️  5 Bedrooms  🚿3 bathrooms  🪟 Stunning Views

Be one of the few in the know about this rare find! Welcome to this immaculately maintained Custom-built Bungalow with Impressive Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the soaring barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city skyline and all within 10 minutes to Win Sport (Calgary Olympic Park) and convenient shopping/amenities. Rich maple kitchen cabinets built on site paired with stately granite counters with eating bar and granite flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio.  Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov 2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar 2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail!  School bus pick-up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge and Springbank Hockey Program.  $400 annual condo fee, water and sewer is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.  Possession is negotiable.

 https://youriguide.com/435_rodeo_ridge_calgary_ab/

  🏡   OPEN HOUSE on Sunday July 13th 1-3pm You’re Invited!

🤠 LOVE the RODEO? Then you should LIVE at RODEO Ridge!

⛳️ Do you LIVE at the golf course? Then you should truly LIVE at the golf course! Come check out this spectacular home backing on to hole #5 at Springbank Links.

📍 435 Rodeo Ridge

💥   Priced to SELL at $1,598,000

🛏️  5 Bedrooms  🚿3 bathrooms  🪟 Stunning Views

Be one of the few in the know about this rare find! Welcome to this immaculately maintained Custom-built Bungalow with Impressive Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the soaring barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city skyline and all within 10 minutes to Win Sport (Calgary Olympic Park) and convenient shopping/amenities. Rich maple kitchen cabinets built on site paired with stately granite counters with eating bar and granite flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio.  Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail!  School bus pick-up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge and Springbank Hockey Program.  $400 annual condo fee, water and sewer is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.  Possession is negotiable.

 https://youriguide.com/435_rodeo_ridge_calgary_ab/

Inventory levels in June continued to rise, both over last months and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth.

While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain. All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 per cent higher than long-term trends, while supply for detached and semi-detached units are only slightly higher than typical levels.

“Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options,” said Ann-Marie Lurie, Chief Economist at CREB®. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments is keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.”

The unadjusted benchmark price was $586,200 in June, lower than last month and over three per cent lower than last year. Much of the citywide decline was driven by apartment and row style homes, which are over three per cent lower than last year. Meanwhile, detached prices have remained relatively stable and semi-detached homes are still slightly higher than last year.

The steeper price declines for apartment and row style homes are reflective of those segments shifting toward a market that favours the buyer with nearly four months of supply. Meanwhile conditions are relatively balanced for detached and semi-detached homes. Overall conditions in Calgary have changed, but not enough to erase the significant growth in prices that have occurred over the past four years.

Are you thinking of buying or selling?  Reach out for help navigating Calgary’s ever changing real estate market. 

x  🏡   OPEN HOUSE on Saturday June 14h 1-3pm You’re Invited!

⛳️ Do you LIVE at the golf course? Then you should LIVE at the golf course! Come check out this spectacular home backing on to hole #5 at Springbank Links.

🔥 435 Rodeo Ridge, Priced to SELL $1,598,000

Welcome to this immaculately maintained Custom-built Bungalow with Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city center and all within 10 minutes to Calgary Olympic Park and convenient shopping/amenities. Rich maple kitchen cabinets built on site with stately granite counters with eating bar and granite flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio.  Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail!  School bus pick-up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge.  $400 annual condo fee, water and sewer is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.  Possession is negotiable.

 https://youriguide.com/435_rodeo_ridge_calgary_ab/

Price adjustments mostly driven by apartment and row style homes
According to Calgary Real Estate Board (CREB) Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month.
New listings continued to rise this month compared to sales, resulting in further gains in inventory levels. However, the monthly gain in both inventory and sales prevented any significant change in the months of supply compared to April. With 2.6 months of supply, conditions are still relatively balanced.
“Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.”
Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices. Both detached and semi-detached home prices have remained relatively stable this month and are still higher than last year’s levels.
Meanwhile, row and apartment style homes have reported modest monthly price declines and May prices remain below last year’s levels, as improved new home and rental supply is weighing on resale prices. Overall, the total residential unadjusted benchmark price in Calgary was $589,900, slightly lower than last month and over two per cent below May 2024 levels.

😊 Awe, this testimonial makes me blush, working with great clients makes this career in real estate extra rewarding.

 If you are considering buying or selling? Please reach out if I can help you with your real estate goals. 🏡

🏡 Offered at $935,000 🏡

🔥 Congratulations to my happy sellers! 🔥

Tired of tight family bedroom space? This is the beautiful and practical home your family can grow with and ideally located in West Springs, close to numerous schools and walking distance to St. Joan of Arc school, huge and impressive pie shaped lot with lots of play space and large deck, fully fenced, concrete parking pad and two car front drive garage, welcoming foyer, main level laundry, office/den, rich Oak kitchen with center island eating bar, pantry, 3 way gas fireplace, large dining with built in cabinets, spacious living room, newly refinished Oak hardwood floors (May 2025), 4 bedrooms with 3 large bedrooms up with jack and jill 4pc ensuite, private primary suite with large walk in closet and 5 pc ensuite with jetted tub, large bedroom in lower, fully finished basement with huge recreation/games room with gas fireplace, upgraded Coleman 100 000 BTU new 2 stage furnace (Feb 2025), Newer upgraded asphalt roof Owens Corning Duration roof system (June 2024) close to shopping, restaurants and conveniences, located on a quiet cul-de-sac. This incredible 2 storey home offers the best of family living with original owners and built with pride by Beattie Homes.

📱 Reach out if I can help you achieve your real estate goals!