Chris Birchard REALTOR® · TREC - The Real Estate Company

Point McKay real estate market

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

As of April 2024, the typical townhouse in Point McKay sold for about $590,000 (a 3-month average). Homes there are taking around 11 days to sell at 101.4% of asking price.

Typical sold price
$590,000
Days on market
11
% of asking price
101.4%

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

As of April 2024, the typical townhouse in Point McKay sold for $590,000 - per CREB sales records analyzed by Chris Birchard, REALTOR®.

Who holds the cards?

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

sale_to_list_ratio · 24mo · 3mo smoothed 2024-04
Balanced Market
Low 98%
5-yr norm 100.0% 101.4% of asking, now
(+1.4% vs norm)
High 101%
Point McKay (dots = reportable months) Calgary average

Homes are currently fetching 101.4% 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 2024-04
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 Point McKay is selling faster than the seasonal norm (a 3-month median of 11 days versus 15 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
April 2024 $655,000 8 102.1%
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023 $590,000 12 102.2%
May 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: April 2024.

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