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December 2024 Rural Strathcona County Real Estate Market
Strathcona County, located just outside of Edmonton, offers the perfect balance of rural tranquility and urban accessibility. The real estate market for December 2024 Rural Strathcona County acreages in this region has experienced notable shifts in 2024, making it an exciting time for both buyers and sellers. Whether you are seeking the peace of rural living or looking to sell your property in a growing market, understanding the current market trends is essential.
Overview of Strathcona County Acreage Market in 2024
December 2024 Rural Strathcona County Real Estate Market has been on an upward trajectory, with several key metrics reflecting a strong and active market. There has been a remarkable increase in the number of sold properties, with a year-to-date (YTD) total of 379 sold homes, a 30.24% increase from the previous year. This surge in sales points to a growing demand for acreage properties in the area, which continues to attract those seeking a peaceful retreat within easy reach of Edmonton’s amenities.
Bar graphs below are interactive
Strathcona County -Acreage Listings
In 2024, the number of new listings in Strathcona County has decreased by 66.67%, with just 9 new listings in December, compared to a year-to-date total of 614. This reduction in new listings could be a sign that many homeowners are holding on to their properties in anticipation of further price increases or due to the lack of suitable alternatives in the market.
Strathcona County – Average Acreage List Price
Average Asking Price Trends
In terms of pricing, the average asking price for acreage properties in Strathcona County saw a slight decline in 2024, dropping by 7.36% compared to the previous year.
Strathcona County –Acreage Sales
Increased Property Demand
The demand for Strathcona County acreages is robust, evidenced by the 36.36% increase in sold properties in December 2024 compared to the previous year. This growing interest in rural properties comes at a time when more homebuyers are prioritizing space and privacy, especially in light of the work-from-home trend. Families and professionals alike are finding Strathcona County to be an ideal location for their acreage lifestyle, as the area offers large parcels of land, scenic views, and a strong sense of community, all just a short drive from Edmonton.
Strathcona County Real Estate Market –Acreage Average Sales Price
The Strathcona County Acreage Market: Pricing Trends
The average sale price has risen by 10.90%, indicating that buyers are still willing to invest in this market despite higher property prices. The average sale price in December 2024 was $888,000, compared to $756,000 year-to-date, marking a 6.22% increase from 2023. This pricing trend reflects a solid market where demand outstrips supply, keeping property values elevated.
These fluctuations are typical of a healthy, dynamic market where sellers are able to list their properties for a higher price due to the increased demand, while buyers are willing to meet these prices to secure their ideal rural home.
Ask-to-Sell Ratio: Narrowing the Gap
- YTD Ask-to-Sell Ratio: The ask-to-sell ratio for 2024 stands at 0.980, a slight increase of 1.45% compared to previous years. This close alignment between asking and selling prices highlights the strategic pricing from sellers, allowing them to receive offers close to their initial price.
- Market Stability Indicator: The ask-to-sell ratio is an indicator of market balance and stability. A high ratio in 2024 shows that buyers are willing to meet seller expectations, provided the pricing reflects the property’s fair market value.
This trend shows the confidence of sellers in maintaining their listing prices, which is largely backed by strong buyer demand and property valuation trends in Strathcona.
Strathcona County Acreage Average Days on Market
Despite fewer listings, properties are selling faster in December 2024 Rural Strathcona County Real Estate Market. The average number of days on market has dropped by 17.78%, with the average time to sale in December 2024 standing at 74 days, down from 85 days in the previous year. This shortened timeline suggests a more competitive market, where well-priced, well-maintained acreage properties are moving quickly, benefiting both sellers and buyers who are ready to make decisions.
The Appeal of Acreage Living in Strathcona County
The appeal of acreage properties in Strathcona County is multi-faceted. For those looking to move away from the hustle and bustle of the city, Strathcona County provides a peaceful rural setting without sacrificing convenience. It offers ample space for activities such as gardening, equestrian pursuits, and outdoor entertaining, while still being within close proximity to all the amenities Edmonton has to offer. For buyers who value both tranquility and accessibility, Strathcona County is a prime destination.
Moreover, acreage properties here are often equipped with expansive homes and modern facilities, making them attractive to families and professionals looking to upgrade their living arrangements. The area’s natural beauty, with scenic landscapes and abundant green spaces, further adds to its allure.
What Buyers Should Know About Strathcona County Acreages
For prospective buyers, there are several key factors to keep in mind when considering acreage properties in Strathcona County:
- Space and Privacy: One of the primary reasons people seek out acreage properties is the desire for space. Whether it’s for gardening, building a workshop, or simply enjoying the privacy that comes with a larger lot, Strathcona County has a lot to offer.
- Proximity to Edmonton: While Strathcona County provides a rural lifestyle, it is still very much connected to the city. The short commute to Edmonton makes it ideal for those who want to enjoy the perks of city life without living in the heart of the urban sprawl.
- Property Taxes: Acreage properties may come with a higher property tax burden due to their size and location. Buyers should factor this into their budget and ensure they can comfortably manage the additional costs.
- Zoning and Development: Buyers should be aware of local zoning laws and land-use regulations that could affect future plans for their property. It’s always a good idea to work with a local realtor who can guide you through these complexities.
What Sellers Should Know About Strathcona County Acreages
Sellers in Strathcona County are benefiting from a market that favours their position, with high demand and rising prices. However, the reduced number of new listings means that sellers need to be strategic with their approach. Here are some key tips for sellers:
- Pricing Your Property: With the average sale price on the rise, pricing your acreage correctly is essential to attract the right buyers. Work with a real estate agent who understands the local market trends and can help you set a competitive price that reflects the true value of your property.
- Preparing Your Property for Sale: Buyers are looking for well-maintained properties, so ensuring your acreage is in tip-top shape before listing it is crucial. Invest in necessary repairs, landscaping, and staging to make a strong first impression.
- Marketing Your Listing: A strategic marketing plan is essential to get your property in front of the right buyers. Consider professional photography, virtual tours, and targeted online listings to make your acreage stand out.
Conclusion
Strathcona County’s acreage market is thriving in 2024, with a noticeable uptick in both sales and prices. Buyers are drawn to the rural lifestyle and proximity to Edmonton, while sellers are capitalizing on strong demand and increasing property values. Whether you’re considering buying or selling in the area, now is an excellent time to enter the Strathcona County acreage market.
For more information about available acreage properties in Strathcona County or to discuss your real estate needs, feel free to reach out. With the right strategy and insight, you can make the most of the current market trends and find the perfect property to call home.
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.
Looking to Buy or Sell Acreages in Strathcona County?
Whether you’re a buyer eager to find your perfect rural retreat or a seller ready to capitalize on this favourable market, I’m here to help. Reach out to explore available properties or to discuss your goals.
