Hotchkiss Open Houses, Showhome Events Community Reviews

If you live in Hotchkiss and you're wondering whether your home is worth more or less than it was a year ago, here's the straight answer - it depends on what you own. Houses and condos are telling two very different stories right now, and the gap is worth paying attention to. The Vibe: Houses vs. Condos For those of us in houses, the market is taking a breather. The average HonestDoor Price sits at $465,525, up 3.73% from the previous period - which is genuinely solid. But the short-term picture is a little softer. The predicted market value for houses is $448,796, which is trending down slightly from the 3-month moving average of $455,493. Property values have dipped 1.55% recently, and on the neighbourhood growth leaderboard, Hotchkiss houses rank 180 out of 238 Calgary neighbourhoods. That puts us in below-average territory for growth right now. Average HonestDoor Price (Houses): $465,525 - up 3.73% Average sale price: $455,000 Current listings averaging: $479,900 Price per square foot: $360 Homes selling at 94.81% of list price - buyers are negotiating Average days on market: 45 days Rental yield: 5.70% - that's a strong return for landlords Estimated rent: $2,154 per month Price rank in Calgary: 206 out of 220 - among the most affordable One bright spot for house owners - we're actually selling faster than nearby 12 C, where homes sit for 52 days. At 45 days, Hotchkiss houses are moving quicker than some much pricier neighbours. And that 5.70% rental yield? That's a number landlords in fancier postal codes would love to have. The condo picture in Hotchkiss is a completely different animal. We're talking an average HonestDoor Price of $3,178,550 - yes, that number is correct. These are not your typical starter condos. The HonestDoor Price has dipped 1.41% from the previous period, and the predicted market value of $3,223,850 is also trending down from the 3-month average of $3,294,167. That said, condo growth ranks 83 out of 216 Calgary neighbourhoods - placing Hotchkiss condos in above-average territory on the leaderboard. Average HonestDoor Price (Condos): $3,178,550 - down 1.41% Predicted market value: $3,223,850 Estimated rent: $10,040 per month Rental yield: 1.50% Airbnb rank in Calgary: 2nd - near the very top of the city Airbnb income potential: approximately $500 per month Growth rank: 83 out of 216 - above average in Calgary That Airbnb rank of 2nd in all of Calgary is a standout stat. If you own a condo here and you're not at least exploring short-term rental options, that number is worth a second look.