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St. Albert Real Estate Market Statistics – April 2024
A look into St. Albert real estate market statistics showcased promising growth across various metrics, making it a noteworthy time for both buyers and sellers
Bar Graphs Below Are Interactive
St. Albert New Listing Count
Despite the surge in sales, the number of new listings saw a modest 1.27% increase, with 203 new listings in April. YTD, 638 properties have been listed, slightly up from 630 last year.
St. Albert real estate market- Average List Price
Sellers in St. Albert continue to command strong negotiating power. The average ask-to-sell ratio increased slightly to 0.996 in April 2024, up from 0.991 last year, indicating that properties are generally selling at or near their asking prices. YTD, this ratio stands at 0.980, reinforcing the trend.
St. Albert Home Sales
The total number of sold properties in April 2024 reached 159, reflecting a 25.20% increase compared to April 2023. Year-to-date (YTD), the count rose by an impressive 27.05%, jumping from 329 to 418 sold properties. This surge in the St. Albert Real Estate market statistics indicates strong buyer confidence and heightened market activity.
St. Albert Average Cost of Home
The St. Albert real estate market average sale price reached $502K in April, marking a significant 9.52% increase from the previous year. YTD, the average sale price was $499K, up by 12.33% from April 2023’s average of $444K. These rising prices underscore a competitive seller’s market, where properties are fetching higher values compared to the previous year.
St. Albert Days on MLS®
Despite the surge in sales, the number of new listings saw a modest 1.27% increase, with 203 new listings in April. YTD, 638 properties have been listed, slightly up from 630 last year. The average number of days properties stayed on the market decreased significantly to 45 days, a 32.84% reduction from the previous year. This quicker turnover rate is a clear sign that demand is outpacing supply.
St. Albert real estate market statistics reveal a robust seller’s market characterized by increasing average prices, reduced days on the market, and steady new listings. Buyers should be prepared for competitive conditions and higher prices, while sellers can confidently expect a timely sale and strong returns.
Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.
Interested in buying or selling in St. Albert CONTACT CHRIS REID
