Rural Strathcona Country Real Estate Market- Sales Statistics April 2024

Strathcona County real estate market reports for listings, sales and days on market.

In Rural Strathcona County the real estate market has been witnessing a notable surge in acreage sales. Let’s delve into the numbers to understand the dynamics of this burgeoning market.

Bar graphs below are interactive

Strathcona County -Acreage Listings

The influx of new listings further illustrates the buoyancy of the market. In April 2024, there were 71 new listings, indicating a robust 14.75% increase year-to-date compared to 2023. This influx of new inventory provides buyers with a diverse range of options, catering to varied preferences and requirements.

Strathcona County – Average Acreage List Price

Accompanying the rise in sales volume is an upward trend in the average asking price. In April 2024, the average asking price stood at $921K, marking a notable 10.08% increase year-to-date compared to 2023. This upward trajectory in asking prices underscores the value proposition that rural properties in Strathcona County offer to prospective buyers.

Strathcona County –Acreage Sales 

In April 2024, the region saw a remarkable uptick in sold properties, with 39 transactions, representing a significant 25.81% increase compared to the same period in 2023. Zooming out to a year-to-date perspective, the growth is even more striking, with a staggering 58.90% surge in sold properties, totalling 116 transactions. This surge reflects a growing interest in the rural lifestyle and the appeal of acreage living in Strathcona County.

Strathcona County Real Estate Market –Acreage Average Sales Price

Despite the increase in average asking prices, the monthly sales price experienced a slight dip. In April 2024, the average sales price was $606K, representing an 18.43% decrease from the same period in 2023. However, when viewed from a year-to-date perspective, the average sales price for 2024 stands at $698K, reflecting a more moderate 4.06% decrease from April 2023. This indicates a potential market correction or adjustment in pricing dynamics, which could present opportunities for buyers seeking value.

Strathcona County Acreage Average Days on Market

A key metric for gauging market activity, the days on market until sale witnessed a notable decrease. In April 2024, the average days on market stood at 114, reflecting a significant 32.56% decrease compared to the same period in 2023. This reduction indicates a faster pace of transactions, potentially driven by heightened demand and efficient market mechanisms.

The real estate market in Rural Strathcona County is experiencing a robust surge in acreage sales. Marked by an increase in sold properties and new listings. While average asking prices have seen an uptick, the monthly sales price has exhibited a slight decline, presenting potential opportunities for buyers. With a faster pace of transactions and a balanced market environment, the landscape is ripe for both buyers and sellers to capitalize on the allure of rural living in this picturesque region. 

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. 

Are you considering buying or selling or just interested in more information on the real estate market in Strathcona County? CONTACT ME HERE

Strathcona County Website