Keystone Creek Builder Market Update
Builder Market Update · October 2026
Keystone Creek
N Calgary · Sales Oct 20, 2025 – Oct 19, 2026 (12 months); active listings as of Oct 19, 2026
Three things builders should know
Community snapshot
New build vs resale
| Segment | Sales | Median price | Median $/sf | Median DOM | Sale-to-list | Active now |
|---|---|---|---|---|---|---|
| New build (never occupied) | 20 | $544,450 | $351 | 62 | 98.3% | 12 |
| Resale (built 2015 or later) | 0 | — | — | — | — | 1 |
Resale here means homes built in 2015 or later, the homes buyers compare a new build to. Compare $/sq ft and days on market, not the overall median price.
What this means for builders
Pricing
New detached – laned specs are asking about $330/sq ft, in line with the $351/sq ft new homes have sold for. Pricing is not the main obstacle here; presentation and incentives decide which spec sells first.
Semi-detached / duplex supply
Semi-detached / duplex has 6.9 months of supply: 4 listed against 7 sales in a year. Specs in this product need a sharper price or a stronger incentive to stand out.
The $600K+ band
The $600K+ band has 12 months of supply: 4 homes for sale against 4 sales in a year. Specs priced here compete hardest; price toward the band below or add value buyers can see.
Timing
Quarterly sales over the past year ran 1 → 8 → 6 → 5. Winter is the slowest stretch; specs finishing over the winter should be listed and photographed before possession so they’re ready for the spring market.
Full breakdown: product types, price bands and spec aging
By product type
| Product | Sales (new / resale) | Median price | Median $/sf | Median DOM (new / resale) | Sale-to-list | Active | Months of supply |
|---|---|---|---|---|---|---|---|
| Townhome / row | 7 (7 / 0) | $503,316 | $351 | 57 / — | 99.0% | 3 | 5.1 |
| Semi-detached / duplex | 7 (7 / 0) | $546,000 | $361 | 60 / — | 98.2% | 4 | 6.9 |
| Detached – laned | 3 (3 / 0) | $599,650 | $351 | 31 / — | 98.3% | 4 | 16.0 |
| Detached – front garage | 3 (3 / 0) | $655,000 | $299 | 193 / — | 98.0% | 2 | 8.0 |
Months of supply = active listings ÷ average monthly sales over 12 months. Laned = rear lane / detached garage; front garage = attached front-drive garage.
Where buyers are buying
| Price band (sold price) | Sales (12 mo) | Share of sales | Active now | Months of supply | Median DOM | Market read |
|---|---|---|---|---|---|---|
| Under $500K | 3 | 15% | 1 | 4.0 | 46 | Balanced |
| $500K–$599K | 13 | 65% | 8 | 7.4 | 63 | Buyer's |
| $600K+ | 4 | 20% | 4 | 12.0 | 52 | Buyer's – heavy |
Market read: under 2.5 months of supply = seller's, 2.5–5 = balanced, over 5 = buyer's. Active listings are banded by asking price.
Spec competition right now
| Product (new builds only) | Active | Median asking price | Median asking $/sf | 0–30 days | 31–60 | 61–90 | 90+ days |
|---|---|---|---|---|---|---|---|
| Townhome / row | 3 | $530,000 | $330 | 0 | 3 | 0 | 0 |
| Semi-detached / duplex | 4 | $534,500 | $364 | 3 | 1 | 0 | 0 |
| Detached – laned | 3 | $579,900 | $330 | 2 | 0 | 0 | 1 |
| Detached – front garage | 2 | $670,850 | $315 | 0 | 1 | 0 | 1 |
| Total | 12 | 5 | 5 | 0 | 2 |
Days on market is for the current listing. Relisted homes may have been on the market longer. Over the past 12 months, 6 new-build listings in Keystone Creek expired, were withdrawn or were cancelled without selling (some were relisted).
The bigger picture
| Measure | Keystone Creek | City of Calgary (CREB®) | What it tells you |
|---|---|---|---|
| Months of supply – all homes | 7.8 | just under 4 | Buyers here have more choice than citywide |
| Months of supply – detached | 12.0 | ≈ 3.3 | Buyers here have more choice than citywide |
| Months of supply – row/town | 5.1 | ≈ 4.4 | About the same choice as citywide |
| Benchmark price – detached | median sold $609,575* | $739,400 (−1.0% y/y) | Prices citywide are flat to slightly down |
| Benchmark price – row | median sold $503,316* | $412,400 (−5.5% y/y) | Row is the weakest segment citywide |
| Total sales, September 2026 | — | 1,650 (−3.8% y/y) | The market is slower than last year, not frozen |
*Keystone Creek figures are TNT's medians from Pillar 9™ MLS® sales. CREB® benchmark prices use the MLS® Home Price Index and are a different measure. Don't compare them as like for like.
Want the full Keystone Creek brief? Three pages, ready to share with your sales team.
Past editions: October 2026 · See all communities
Your builder specialist
Cam Johnson
Before real estate, Cam founded and ran a construction company working on building and land development projects. He looks at a spec the way a builder does: the product, the lot, what it costs to carry and what it will take to move it. That’s why these updates are built around the numbers builders use.
- Spec pricing against the resale homes buyers are actually touring
- MLS® marketing, showings and weekly feedback reports
- Move-up buyers who need to sell first: our team handles that sale too, so your deal doesn’t stall