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Fort Saskatchewan Real Estate Market Statistics – June 2024
The Fort Saskatchewan real estate market has shown notable trends and changes in the past year, reflecting both local economic factors and broader regional influences. Here’s an in-depth look at key statistics and trends shaping the market as of mid-2024:
Bar Graphs Below Are Interactive
Fort Saskatchewan MLS® Listings
There were 76 new listings in June 2024, showing no change from June 2023. However, YTD comparisons reveal a decrease of 30.28% in new listings for 2024 compared to 2023.
Fort Saskatchewan Average List Price
The average asking price in the Fort Saskatchewan real estate market was $507k in the month of June, an increase of 34% over last June.
Year to date the average asking price is $485K up 17.5% from $413K last year.
Fort Saskatchewan Home Sales
June 2024 saw 61 properties sold, marking a 14.08% decrease compared to June 2023. Year-to-date (YTD) data for 2024 shows a significant increase, with 426 properties sold, up by 31.89% from the same period in 2023.
Fort Saskatchewan Average Home Sale Price
The average sale price in June 2024 was $472,000, reflecting an 18.18% increase from June 2023. YTD data also shows a steady rise, with the average sale price for 2024 at $432,000, up by 7.57% compared to the previous year.
The average ask to sell ratio stands at 0.999, indicating that homes are typically selling close to their asking prices.
Monthly sales prices have fluctuated, with June 2024 showing a slight decrease of 24.00% compared to June 2023. However, YTD comparisons show a minor increase overall.
Fort Saskatchewan -Average Days on Market
Properties in Fort Saskatchewan are selling faster, with the average days on market decreasing. This trend is indicative of a competitive market where well-priced homes are in demand.
Fort Saskatchewan’s real estate market to mid-2024 reflects a balanced yet dynamic environment. Increased sales volumes and rising prices indicate a resilient market, albeit with some variability in monthly performance.
Fort Saskatchewan continues to be an attractive market for both buyers and sellers, characterized by increased sales activity and rising property values. As economic conditions and consumer preferences evolve, monitoring these trends will be crucial for stakeholders in the local real estate sector.
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 Fort Saskatchewan? CONTACT ME HERE
