Aspen Woods isn’t just one of Calgary’s most prestigious neighbourhoods—it’s a community where every market movement matters. In Q1 2025, we saw some important shifts in inventory, pricing, and buyer behaviour that home buyers and sellers should understand. Whether you're planning to move up, downsize, or simply watching the market, here’s what happened—and how it affects your real estate decisions.
Aspen Woods Market Snapshot – Q1 2025
- Total Sales: 29 homes sold (down 42% from Q1 2024)
- New Listings: 54 homes listed (down 15.6%)
- Benchmark Price: $875,767 (up 0.7% year-over-year)
- Average Days on Market: 17 days (faster than 20 days in Q1 2024)
- Months of Supply: 1.83 months (up from 1.04—showing signs of balance)
Sales volume dropped, but prices held firm—highlighting just how resilient this luxury market remains. Buyers are still motivated, but more selective. For sellers, this means preparing strategically and pricing accurately are more important than ever.
Source: CREB® / Pillar 9 – Q1 2025 Aspen Woods Report
Market Breakdown by Home Style: Detached, Row & Apartment Trends
The Aspen Woods market isn’t one-size-fits-all. Detached homes remain dominant, but Q1 2025 showed surprising strength in the row and apartment segments too. Here’s how each is performing:
Detached Homes
Luxury detached homes saw a drop in average sale price—down 16.5% to $1,185,786—due largely to fewer high-end transactions. However, the benchmark price rose 3.8% to $1,254,967, indicating lasting value and demand in the segment.
- Average DOM: 15 days (fast-moving)
- Sale-to-List Ratio: 99.6%
Homes in top condition, especially in Aspen Ridge or Castle Keep, continue to attract prepared, decisive buyers willing to pay close to asking price.
Row Homes & Apartments
More buyers are exploring alternatives to detached homes in Aspen Woods. These segments are gaining ground:
- Row Homes: Popular with downsizers and young families—especially units with attached garages or recent updates.
- Apartments: Posted the highest price growth at 7% year-over-year. Investors and first-time buyers are re-entering the market here.
With inventory tight, these options offer more affordability without compromising on location or lifestyle.
Thinking about buying or selling in Aspen Woods?
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Why Low Inventory—Not Demand—Is Slowing Sales in Aspen Woods
Yes, sales in Aspen Woods dropped 42% in Q1 2025 compared to the same time last year—but that headline doesn’t tell the full story. This isn’t about a lack of buyer demand. It’s about not enough homes coming to market.
In fact, this long-term inventory chart shows exactly what’s happening: detached, row, and apartment listings have been steadily declining since 2021. By Q1 2025, inventory reached one of its lowest points in nearly a decade.
Fewer listings means fewer opportunities for buyers to act—even if they’re qualified, ready, and watching closely. It also means that homes that are well-prepared and priced right are still commanding strong interest.
What Months of Supply Tells Us About Aspen Woods
One of the most important—but often overlooked—metrics in real estate is months of supply. It helps explain why prices remain stable, even when sales volume dips. And in Aspen Woods, it tells us buyers are still in the game—but inventory is limited.
In Q1 2025, Aspen Woods had just 1.83 months of supply. That’s still a strong seller’s market, even with more listings coming online compared to last year. For buyers, that means fewer options. For sellers, it’s a signal that properly priced homes are still in demand and moving quickly.
What is Months of Supply?
Months of supply tells us how long it would take to sell all the current listings if no new homes came to market. Under 2 months? That’s a seller’s market. 4 to 6 months? More balanced. Over 6? Buyers typically have the upper hand.
What Sellers Need to Do
In a market where buyers are cautious, standing out is critical. Sellers need to focus on:
- ✔️ Move-in-ready condition with updated finishes
- ✔️ Strategic staging and standout presentation
- ✔️ Professional pricing backed by local data
- ✔️ Flexibility on timing (where possible)
The good news? The right listing still sells quickly and for top dollar.
Don’t let slower sales fool you—pricing power still exists. Buyers are active, but they’re more intentional. Your home needs to show at its absolute best to achieve the result you want.
How Buyers Are Navigating the Market
Whether you’re relocating from Ontario or BC, or upgrading from another part of Calgary, Aspen Woods remains a top choice for buyers seeking top-rated schools, lifestyle, and long-term value. But getting into this market takes preparation and strategy.
- ✔️ Get pre-approved before you shop
- ✔️ Know your budget and must-haves
- ✔️ Act quickly when the right home appears
Access to Webber Academy, Calgary French & International School, Aspen Landing, and downtown Calgary make this neighbourhood a favourite for families and professionals alike.
There’s opportunity—if you’re prepared.
More listings means more choice, but standout homes still move fast. Partner with a local expert who understands every pocket of Aspen Woods so you don’t miss out—or overpay.
What History Tells Us: Benchmark Price Trends vs. Inventory (2005–2025)
This 20-year chart clearly shows how price and inventory are deeply connected in Calgary’s real estate market—including Aspen Woods. When inventory (green line) spikes, prices (blue line) tend to soften. But when supply is tight—as we’ve seen in the last few years—benchmark prices hold firm or climb.
What stands out in 2025? Even with some buyer hesitation, months of supply remains low. That continues to support pricing and puts well-prepared sellers in a strong position. Buyers waiting for a dramatic market shift may be waiting a while—especially in desirable, low-turnover neighbourhoods like Aspen Woods.
What is Benchmark Price?
Benchmark price reflects the value of a “typical” home in a specific community—based on attributes like size, style, and location. It smooths out extremes (like million-dollar custom builds or fixer-uppers) to give a more stable indicator of market trends. When the benchmark price rises, it’s a signal that values are increasing across the board—not just from a few standout sales.
Bottom line: In a low-supply environment, the best homes still sell quickly and for top dollar. Timing the market is tough. If you're ready to make a move, strategy matters more than speculation.
Let’s Help You Move With Confidence
You deserve a home—and a neighbourhood—that fits your lifestyle, your goals, and your future. Aspen Woods isn’t just another Calgary community—it’s a place where luxury, family life, and long-term value come together.
Whether you’re upgrading, relocating, or making your first move into this exceptional West Calgary neighbourhood, we’re here to make sure you avoid costly mistakes—and feel great about your decisions every step of the way.
The Marnie Campbell Real Estate Team can help you make better real estate decisions, so you have no regrets buying a home.
Schedule A Call
Schedule a no-obligation call today and let’s talk about what matters most to you when buying or selling in Aspen Woods.
Marnie is a trusted Calgary REALTOR® with 18+ years of experience, over 800 homes sold, and 150+ five-star reviews. She leads a team dedicated to helping clients make confident, no-regret real estate decisions.
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