Chris Birchard REALTOR® · TREC - The Real Estate Company

Patterson real estate market

Updated November 2024 · townhouses · Pillar 9 / CREB sales records

As of November 2024, the typical townhouse in Patterson sold for about $470,000 (a 3-month average). Homes there are taking around 17 days to sell at 99.9% of asking price.

Typical sold price
$470,000
Days on market
17
% of asking price
99.9%

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

As of November 2024, the typical townhouse in Patterson sold for $470,000 - per CREB sales records analyzed by Chris Birchard, REALTOR®.

Who holds the cards?

Negotiating leverage for townhouses in Patterson, measured against the community’s own 5-year norm.

sale_to_list_ratio · 24mo · 3mo smoothed 2024-11
Balanced Market
Low 96%
5-yr norm 100.0% 99.9% of asking, now
(−0.1% vs norm)
High 103%
Patterson (dots = reportable months) Calgary average

Homes are currently fetching 99.9% of asking against a 100.0% 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 townhouse sold price (line) against days on market (bars), last 24 months.

median_price + days_on_market · 24mo 2024-11
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 Patterson is selling faster than the seasonal norm (a 3-month median of 17 days versus 47 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
November 2024 $470,000 22 95.2%
October 2024
September 2024
August 2024
July 2024 $515,000 11 102.0%
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2023

Single-month medians for townhouses, not smoothed; − means too few sales to report.

Data via Pillar 9 / CREB, aggregated by Chris Birchard, REALTOR®. Figures are medians for townhouses drawn from groups of 5 or more sales - informational only, not an appraisal or a guarantee of value. Latest data: November 2024.

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