Chris Birchard REALTOR® · TREC - The Real Estate Company

Deer Run real estate market

Updated July 2024 · detached homes · Pillar 9 / CREB sales records

As of July 2024, the typical detached home in Deer Run sold for about $715,000 (a 3-month average), up 15.5% year over year. Homes there are taking around 12 days to sell at 102.7% of asking price.

Typical sold price
$715,000
+15.5% YoY
Days on market
12
+2 days YoY
% of asking price
102.7%
−1.0% YoY

3-month averages, smoothed to filter month-to-month noise · not an appraisal

As of July 2024, the typical detached home in Deer Run sold for $715,000, +15.5% year-over-year - per CREB sales records analyzed by Chris Birchard, REALTOR®.

Who holds the cards?

Negotiating leverage for detached homes in Deer Run, measured against the community’s own 5-year norm.

sale_to_list_ratio · 24mo · 3mo smoothed 2024-07
Balanced Market
Low 95%
5-yr norm 101.4% 102.7% of asking, now
(+1.3% vs norm)
High 104%
Deer Run (dots = reportable months) Calgary average

Homes are currently fetching 102.7% of asking against a 101.4% five-year norm. What that leverage means for a specific home depends on its type, style, and price band - that’s the conversation I have with the actual comparables on the table.

Pricing & pace

Typical detached home sold price (line) against days on market (bars), last 24 months.

median_price + days_on_market · 24mo 2024-07
Typical sold price Days on market

The grey bars are how long homes take to sell; generally, when they shrink, the price line rises. Right now Deer Run is selling faster than the seasonal norm (a 3-month median of 12 days versus 31 days historically for this time of year). Historically, high liquidity and low supply have preceded upward pressure on prices.

Last 12 months at a glance

MONTH TYPICAL SOLD DAYS ON MARKET % OF ASKING
July 2024 $775,000 14 99.1%
June 2024
May 2024
April 2024 $810,000 8 101.6%
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023

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 2024.

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