Chris Birchard REALTOR® · TREC — The Real Estate Company

Calgary · Community market insight

Banff Trail real estate market

As of July 2023, the typical detached home in Banff Trail sold for about $635,000 (a 3-month average), down 5.2% year over year.

Typical sold price
$635,000
-5.2% YoY
Days on market
24
+2 days YoY
% of asking price
98.8%
-1.4% YoY

3-month averages, smoothed to filter out month-to-month noise.

As of July 2023, the typical detached home in Banff Trail sold for $635,000, -5.2% year-over-year — per 15 years of CREB sales records analyzed by Chris Birchard, REALTOR®.

Who holds the cards?

Current negotiating leverage for detached homes in Banff Trail, measured against the community's own 5-year norm.

Balanced Market
Low 94%
5-yr norm (99.6%) Current 98.8%
(-0.8% vs norm)
High 101%

Banff Trail Calgary average

Pricing & liquidity

Median detached home price (3-month average) plotted against days on market in Banff Trail.

The grey bars are how long homes take to sell; generally, when they shrink, the price line rises. Right now Banff Trail is selling at a stable, seasonal pace (a 3-month median of 24 days). Steady liquidity usually means stable, consistent pricing.

Last 12 months at a glance

Month Typical sold price Days on market % of asking
July 2023 $710,000 2 101.6%
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022 $605,000 32 97.0%
November 2022
October 2022
September 2022
August 2022

Single-month medians for detached homes, not smoothed; — means too few sales to report.

Data via Pillar 9 / CREB, aggregated by Chris Birchard, REALTOR®. Figures are medians for detached homes drawn from groups of 5 or more sales — informational only, not an appraisal or a guarantee of value. Latest data: July 2023.

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