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St. Albert Real Estate Statistics – March 2024
A look into St. Albert Real Estate Statistics – March 2024, where we dive into the latest trends and insights. If you’re considering buying, selling, or investing in St. Albert, understanding these trends is crucial.
Robust Sales Growth in Early 2024
In the early months of 2024, St. Albert has witnessed a substantial increase in property sales. By March, the total number of sold properties reached 114, marking a significant 20.00% rise compared to March 2023. The year-to-date figures are even more impressive, with 259 properties sold—a 28.22% increase from the previous year. This spike in sales volume underscores a vibrant market that’s attracting more buyers and investors.
Rising Property Values- St. Albert Home Sales Statistics
The average sale price in St. Albert has seen notable growth, reflecting the strong demand. As of March 2024, the average sales price stood at $505K, up 10.30% from the same month in 2023. The year-to-date average of $497K represents a 14.20% increase from last year. This consistent appreciation in property values indicates a healthy market that offers excellent potential for capital gains.
Market Dynamics: Listings and Pricing
Despite the growth in sales and property values, the number of new listings in St. Albert has slightly declined. From a year-to-date perspective, there were 183 new listings in 2024, down by 7.11% from the previous year. This tightening of available properties can contribute to competitive market conditions, where buyers may face limited choices and sellers can leverage this to their advantage.
The average asking price in the market has adjusted accordingly. With a current average listed price of $534K, there’s been a 3.97% increase over the year. Sellers are also achieving close to their asking prices, with an average ask-to-sell ratio tightening to 0.996, signifying that most homes sell for nearly what sellers initially ask.
Time on Market and Monthly Trends
Homes in St. Albert are also selling faster, with the days on market until sale decreasing. This quicker turnover is a positive sign for both buyers and sellers, indicating a market that is both active and responsive.
Analyzing monthly price movements provides further insights. January 2024 saw average sales prices around $452K, which increased to $505K by March. This upward trajectory in prices demonstrates seasonal strength and growing buyer interest. St. Albert Real Estate Statistics – March 2024
Bar Graphs Below Are Interactive
St. Albert New Listing Count
A total of 183 new listings came on market during the month. This is down 7.1% from last March where we saw 197 homes come to market.
St. Albert Average List Price
The average list price of a St. Albert home was $533.3k up from March 2023 $513.3k
St. Albert Home Sales
There was 114 home sales during the month of March, an increase of 20% from same time last year.
St. Albert Average Cost of Home
The average home sale price in St. Albert was $504.6k. This is up 10.3% from last March when we saw an average price of $457.4k
St. Albert Days on MLS®
St. Albert homes were on MLS® an average of 64 days before selling.
For those considering entering the St. Albert home sales statistics for March 2024 show now might be an opportune time. Whether you’re looking to buy, sell, or invest. Stay tuned to the latest trends and market forecasts to make informed decisions in this lively real estate landscape.
Interested in buying or selling in St. Albert CONTACT CHRIS REID
