West Springs Housing Market Statistics
Searching for West Springs housing market statistics in Calgary? Trusted West Springs Neighbourhood Experts community of Top West Springs real estate agents with comprehensive housing market reports, trends, prices and sales data. Our monthly analytics provide insights into the West Springs housing market, including supply and demand, neighborhood housing prices, and affordability.
We analyze West Springs housing market statistics, trends, declines, days on market and house values to give you a clear understanding of housing availability, prices, past sales, and relevant market data in West Springs.
Frequently Asked Questions
As of September 2025, the West Springs Real Estate reports:
- 72 active properties for sale
- Highest priced property: 8,192,597.00
- Lowest priced property: 359,900.00
- Average price: 860,495.75
Yes, West Springs remains a strong seller's market with:
- Inventory: 1.5 months supply (balanced markets need 4-6)
- Sales-to-list ratio: 75% (above 60% indicates seller's market)
- Price reductions: Only 18% of listings reduce price
According to CREB's 2025 Q2 report, top areas by demand:
| Area | Price Range | Days on Market |
|---|---|---|
| Evanston (NW) | $500k-$700k | 9 |
| Auburn Bay (SE) | $600k-$900k | 11 |
| Bridgeland (Inner City) | $400k-$1.2M | 14 |
Despite Bank of Canada's 5% policy rate (September 2025):
- Calgary sales volume remains 12% above 5-year average
- 55% of buyers are opting for adjustable-rate mortgages
- New stress test rules allow 1% lower qualifying rate for insured mortgages
2025 Alberta Programs:
- First Home Savings Account (FHSA): $8,000/year contribution limit
- Alberta Home Buyer Program: 5% shared equity (max $50,000)
- City of Calgary Rebates: Up to $5,000 for energy-efficient homes
- Reduced Transfer Tax: $0 on first $450,000 for homes under $600k
Market indicators suggest:
- Price forecast: CREB predicts 6-8% appreciation through 2025
- Rent vs Buy: Average mortgage payments now 15% cheaper than equivalent rents
- Construction: Only 2,800 new units expected in 2025 West Springs area (demand for 5,000+)
Most analysts recommend buying if you plan to hold for 5+ years.
Beyond purchase price, budget for:
| Cost | Typical Range |
|---|---|
| Property Transfer Tax | $200-$5,000 |
| Home Inspection | $400-$700 |
| Legal Fees | $1,000-$2,500 |
| Property Tax Adjustment | 0.5-1.5% of home value |
West Springs Housing Market Trends
The West Springs housing market trends are influenced by economic conditions, interest rates, demographic shifts, and supply/demand dynamics. Recent years have seen low interest rates fueling demand and creating a seller's market with rising prices and limited inventory. The COVID-19 pandemic also shifted housing preferences toward larger homes and suburban/rural areas. These trends continue to evolve, making it important to monitor economic indicators and local market factors.
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West Springs Price Trends
Current West Springs housing market data (updated September 18th 1:40am):
- 72 active properties for sale
- Highest priced property: 8,192,597.00
- Lowest priced property: 359,900.00
- Average price: 860,495.75
Property types include single-family homes, townhomes, and new construction. View detailed West Springs real estate statistics.
West Springs Community Statistics
All community statistics are verified from direct community experience, whether from residents or professional visits. Our statistics provide valuable insights to help you evaluate if West Springs is right for you.
West Springs Real Estate Market
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