Fort Saskatchewan Real Estate Market Statistics • 8 November 2024

Fort Saskatchewan Real Estate Market Statistics- October 2024

by Christina Reid

Fort Saskatchewan Real Estate Statistics Chris Reid Edmonton

Fort Saskatchewan Real Estate Market Statistics – October 2024

The Fort Saskatchewan real estate market has shown remarkable growth and resilience in 2024, reflecting broader trends across the Edmonton Metropolitan Region. The numbers paint a clear picture of a community that is becoming increasingly popular among homebuyers, driven by a combination of favourable market conditions and intrinsic appeal. This analysis aims to unpack the performance of the Fort Saskatchewan housing market in 2024, highlighting key trends and what they mean for potential buyers and sellers.

Bar Graphs Below Are Interactive

Fort Saskatchewan MLS® Listings

Although the analysis shows fluctuations in new listings on a monthly basis—with a decrease of 20.55% YTD in 2024 compared to 2023—this has not hindered the overall market activity. The reduced number of new listings may have contributed to the competitive nature of the market, leading to quicker sales and higher prices.

Fort Saskatchewan Average List Price

The average asking price in Fort Saskatchewan has seen a steady increase, reaching $469K YTD in 2024, which is up by 6.67% from 2023. Comparing the monthly statistics, the average asking price in October 2024 was $474K, which shows a 13.40% rise from $418K in the previous year. This growth in asking prices reflects a healthy market where homeowners can expect their property values to appreciate, making it a promising investment opportunity.

Fort Saskatchewan Home Sales

2024 has been a standout year for property sales in Fort Saskatchewan. Year-to-Date (YTD), there have been 701 properties sold, which marks a significant 33.78% increase from the same period in 2023, when 524 properties were sold. This substantial uptick is a strong indicator of increased demand and a robust housing market. Notably, in October alone, there was an astonishing 93.94% increase in sold properties compared to October 2023, with 64 homes changing hands.

Fort Saskatchewan Average Home Sale Price

The average sale price also reflects positive growth. YTD in 2024, the average sale price was $443K, up 11.47% from $397K in 2023. The monthly figures for October show an even more impressive growth, with the average sale price reaching $451K, up 10.92% from the previous year. This steady increase in sale prices is a clear sign that Fort Saskatchewan remains an attractive locale for both first-time buyers and seasoned investors.

The average ask to sell ratio stands at 0.996 YTD in 2024, indicating that homes are selling very close to their asking prices. This ratio is a modest increase from 0.982 in 2023, suggesting that sellers are getting what they ask for, and buyers are willing to meet these prices due to the perceived value in the Fort Saskatchewan market.

Fort Saskatchewan -Average Days on Market

In terms of market efficiency, the average days on market until sale have decreased significantly, which is an encouraging sign for sellers. The average number of days a property stays on the market has dropped by 26.56%, down to 47 days in 2024 from a higher figure in the previous year. This decrease suggests that properties are moving faster, likely due to increased buyer demand and a competitive market environment.

The trends observed in 2024 serve as a testament to Fort Saskatchewan’s growing appeal and its market’s resilience. For prospective buyers, the data underscores the importance of entering the market sooner rather than later, as prices show a consistent upward trajectory. Sellers can also feel optimistic about listing their properties, given the favourable selling conditions and the likelihood of achieving desirable sale prices.

Fort Saskatchewan’s real estate market in 2024 has demonstrated significant growth, resilience, and buyer interest. With sales and prices on the rise, the local market offers substantial opportunities for both buyers and sellers. As the year progresses, it will be interesting to see how these trends evolve, especially in response to broader economic conditions and local developments. For now, Fort Saskatchewan remains a promising area for real estate investment and homeownership, reflecting the vitality and potential of the broader Edmonton area real estate landscape.

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

City of Fort Saskatchewan Website

St. Albert Real Estate Market Trends and Investment Opportunities • 8 November 2024

St. Albert Real Estate Market Statistics – October 2024

by Christina Reid

St. Albert Real Estate Sales Chris Reid Edmonton Realtor

St. Albert Real Estate Market Statistics – October 2024

St. Albert’s real estate landscape has demonstrated remarkable growth and resilience throughout 2024. This blog delves into the underlying trends, statistics, and market dynamics that have shaped one of Alberta’s most vibrant housing markets over the year. By analyzing data from the REALTORS® Association of Edmonton, we can pinpoint how St. Albert stands out in the regional context and forecast future directions.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

Despite robust sales, the number of new listings in St. Albert has only slightly increased. In 2024, there were 1,718 new listings, a modest 1.36% increase from 1,695 in 2023. This relative stability in new listings, coupled with high sales growth, suggests a tightening market where demand outpaces supply.

St. Albert Real Estate- Average List Price

The average asking price in St. Albert has seen a steady rise. By October 2024, the average asking price stood at $533K, which is a 5.70% increase from $505K in 2023. This uptrend is supported by a 6.38% year-to-date increase, signalling sustained seller optimism and buyer willingness to invest at higher price points.

The average ask-to-sell ratio, a key indicator of market balance and negotiation power, stands at 0.988 for 2024, slightly up from 0.982 in 2023. This shift suggests that while buyers are still in a strong negotiating position, sellers are gaining ground, likely due to the limited inventory and increasing property values.

St. Albert Home Sales

The year-to-date (YTD) data for 2024 reveals a significant upswing in property transactions in St. Albert. As of October, the total number of sold properties reached 1,332, marking a 24.95% increase compared to the same period in 2023. This surge is even more pronounced when looking at the monthly data for October 2024 alone, which saw 119 properties sold—a 40.00% rise from October 2023. Such vigorous activity underscores a growing buyer interest and a healthy market that rebounds strongly.

St. Albert Average Sale Price of Homes

The average sale price of homes in October 2024 was $474K, up 14.68% from the previous year. Overall, the year-to-date average sale price also increased by 8.76% to reach $497K. These numbers not only reflect the premium quality of St. Albert homes but also the area’s appeal to homebuyers seeking long-term value.

St. Albert Housing Market Days on MLS®

The market’s liquidity, as measured by days on market until sale, has adjusted to 44 days down from 60 October 2023. Properties are moving faster, indicating that buyers are eager and prepared to close deals swiftly in a competitive market environment.

St. Albert’s real estate market in 2024 is characterized by strong growth, rising prices, and a healthy turnover of properties. These trends reflect both the desirability of the area and the robust economic fundamentals supporting the housing market. As we look forward, potential buyers should consider the market’s trajectory and recognize that St. Albert represents a sound investment in a steadily appreciating community.

Prospective sellers, on the other hand, can feel optimistic about entering the market, given the favourable conditions for securing advantageous sale terms. The forecast for 2025 and beyond remains positive, with expectations of continued growth in both property values and market activity.

In conclusion, whether you are looking to buy or sell in St. Albert, the current trends offer promising opportunities. With strategic planning and a keen understanding of market dynamics, stakeholders can effectively navigate this vibrant real estate landscape.

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 the St. Albert real estate market CONTACT CHRIS REID

St. Albert Website

Parkland County Real Estate: Acreage Properties and Market Trends • 8 November 2024

Parkland County Acreage Sales Statistics October 2024

by Christina Reid

Parkland County Acreage Sales Statistics Chris Reid Realtor

Parkland County Acreage Sales Statistics – October 2024

## Parkland County Acreage Sales: Trends and Insights for 2024

Nestled in Alberta, just west of Edmonton, Parkland County offers a blend of rural charm and modern convenience, making it a sought-after destination for those looking to escape the city’s bustle without sacrificing amenities. As 2024 unfolds, the Parkland County real estate market has experienced significant shifts, offering both opportunities and challenges for buyers and sellers. This article will analyze the latest data on sold properties, average asking prices, days on market, and more to provide a comprehensive overview of the current real estate trends in Parkland County.

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Parkland County Acreage Listings

The dynamics of new listings and inventory levels also provide key insights into the market. Although there was a slight decrease in new listings with 937 in 2024 compared to 979 in 2023, this 4.29% drop hasn’t dampened the market enthusiasm, as evidenced by the rising sales and prices. It may, however, indicate a tightening market with fewer new properties becoming available, potentially leading to increased competition among buyers.

Parkland County Average List Price

As demand grows, so does the value of acreage properties. The average asking price has seen a steady climb, reaching $721K in 2024, up by 7.25% from the previous year. This is part of a continuing trend of rising property values, with a significant jump of 11.69% in average asking prices from $634K in 2023 to $709K in 2024. The rising prices are indicative of a competitive market where buyers are willing to pay a premium for the unique blend of rural tranquility and accessibility that Parkland County offers.

Parkland County Acreage Sales

The year 2024 has been remarkable for acreage sales in Parkland County. By October, the county had seen a significant increase in property transactions, with a total of 60 properties sold, marking a substantial 22.45% rise from October 2023. This trend is mirrored in the year-to-date (YTD) data, which shows a 14.26% increase in sold properties, climbing from 484 in 2023 to 553 in 2024. Such figures underscore a thriving market that is attracting more interest from potential homeowners and investors seeking spacious, rural living options.

Parkland County Acreage Average Sale Price

The average sales price provides another lens through which to view the market’s strength. October 2024 recorded an average sale price of $609K, reflecting a modest increase of 1.56% from October 2023. However, the YTD average sales price shows a more robust growth of 8.05%, rising from $548K in 2023 to $593K in 2024. This trend suggests that while monthly fluctuations are relatively minor, the overall trajectory for acreage property values is upward.

The average ask-to-sell ratio has remained steady, moving from 0.962 in 2023 to 0.972 in 2024. This slight increase reflects a market where sellers are achieving sales very close to their asking prices, indicating strong buyer agreement on property values.

Parkland County Acreage Days on Market

One of the metrics closely watched by real estate professionals is the days on market until sale, which offers a gauge of market velocity and buyer urgency. In 2024, properties in Parkland County have been selling faster, with the average days on market decreasing to 154, a notable 20.31% faster than the previous year. This decrease suggests that properties are being snapped up more quickly, a sign of high demand in the acreage market.

The Parkland County acreage market in 2024 has demonstrated vibrant growth and robust activity, making it an attractive option for those seeking space and serenity without straying too far from urban amenities. With sold properties on the rise, increasing property values, and a market dynamic characterized by quick sales and efficient transactions, Parkland County stands out as a prime location for buyers looking for rural real estate investment opportunities and for sellers to capitalize on the increasing property values.

Prospective buyers and sellers are encouraged to stay informed and consider these trends when making real estate decisions in this increasingly popular area. As we move towards 2025, the market’s resilience and the growing interest in acreage properties suggest a continued upward trajectory, promising opportunities for those ready to engage with the Parkland County real estate market.

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.

If you would like more information on buying and selling in Parkland County CONTACT CHRIS REID

Parkland County Website

Edmonton Real Estate Market Trends and Insights • 8 November 2024

Edmonton Real Estate Market – Home Sales October 2024

by Christina Reid

Edmonton Real Estate Market – October 2024

As we wrap up 2024, the Edmonton real estate market continues to show positive growth. December has been a particularly noteworthy month, marking significant increases in key metrics like average sale price, number of sold properties, and market activity compared to the previous year. Here’s a breakdown of the latest trends and data that are shaping the local real estate market.

Edmonton’s real estate market has shown impressive growth through the year 2024, demonstrating a robust recovery and sustained demand across various property types. This detailed analysis provides insights into the performance of the market, helping potential buyers, investors, and industry stakeholders understand the key trends and factors driving the local real estate dynamics.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

New Listings

The total number of new listings in 2024 shows a healthy market activity with 25.4K new listings year-to-date, which is a 10.77% increase from the 23.8K listings in 2023. The consistent supply of new properties helps maintain a balanced market, ensuring that both buyers and sellers have ample opportunities to engage.

Average List Price Edmonton Real Estate Market

Property values have also seen a steady increase. The average asking price in 2024 rose by 4.15% year-to-date, reaching $472K compared to $460K in 2023. This trend is indicative of the market’s healthy appetite, where buyers are willing to invest in higher-priced properties, influenced by both the quality of listings and competitive market conditions.

Home Sales In The Edmonton Real Estate Market

Growth in Sold Properties

The year 2024 has been marked by a significant increase in property sales. As of October, Edmonton has witnessed a remarkable 33.66% rise in sold properties compared to the same period in 2023, with 1.78K properties sold in the month alone. Year-to-date (YTD), the market has seen 17.9K properties sold, marking a 27.67% increase from the 14.0K properties sold by October 2023. This surge reflects a growing buyer confidence and an invigorating market environment.

Edmonton Average Home Sale Price

The average sale price tells a similar story of growth, where the monthly figures for October show a price of $419K—a 10.91% increase from $378K in October 2023. The year-to-date average sale price stands at $407K, up by 7.83% from the previous year. These figures highlight the increasing property values, providing lucrative opportunities for sellers and a sign of a strengthening market for buyers.

The ask to sell ratio, a critical metric measuring the difference between the listing price and the final sale price, shows a marginal improvement, indicating that properties are selling closer to their asking prices, a sign of a seller’s market.

Edmonton Real Estate Market -Average Days

How quickly a property sells is a crucial metric in gauging market health. In 2024, Edmonton has seen a favourable shift in days on market and ask-to-sell ratios:

The efficiency of the market has improved as properties are spending less time on the market. The average days on market until sale has decreased by 20.29%, dropping from 74 days in 2023 to 55 days in 2024. This faster turnover reflects a market where demand meets supply efficiently, benefiting sellers with quicker sales and buyers with a variety of choices.

The Edmonton real estate market in 2024 illustrates a healthy and vibrant environment, marked by a significant increase in property sales, rising prices, and efficient market transactions. These trends not only benefit current homeowners but also provide promising opportunities for potential buyers and investors.

As the market continues to evolve, staying informed with the latest data and trends will be crucial for anyone looking to engage with the Edmonton real estate market, ensuring strategic decision-making and successful investments.

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 in Edmonton? CONTACT CHRIS REID

City of Edmonton Website

Spruce Grove Real Estate: Market Trends and Investment Opportunities • Spruce Grove Real Estate: Market Trends and Investment Opportunities • 4 November 2024

Spruce Grove Real Estate Market Statistics October 2024

by Christina Reid

Spruce Grove Real Estate and Home Sale Statistics October 2024

Spruce Grove Real Estate Market Statistics – October 2024

The real estate market in Spruce Grove has seen dynamic growth throughout 2024, with data revealing positive trends in sold properties, average sale prices, and other metrics that illustrate a competitive and appreciating market. As we examine these trends, it becomes clear that Spruce Grove continues to attract homebuyers and investors, with key indicators pointing toward robust demand and rising property values. Here, we’ll break down each major aspect of the market based on the latest data, providing insight into what’s driving these changes and what they mean for buyers, sellers, and investors.

More detailed information below

The below graphs are interactive

New MLS® Listing Count

Increased Listings but Tight Inventory

The number of new listings has also grown, suggesting a higher inventory to meet increasing demand, which helps keep the market competitive and offers more choices for prospective buyers.

YTD 2024: New listings in Spruce Grove reached 1,390 in 2024, an increase of 22.33% from 1,254 in 2023. This growth aligns with the trend of increased sales, indicating a balanced market with a steady influx of properties available for purchase.

This steady flow of listings keeps the market moving and provides a balance between supply and demand, making it an attractive environment for both buyers seeking options and sellers aiming to capitalize on demand.

Average Listing Price in Spruce Grove

Price trends have shown considerable growth in Spruce Grove over 2024.

Average Asking Price: The average asking price YTD in 2024 stands at $496,000, reflecting a 16.7% rise from 2023. In October, the asking price averaged $461,000, up from $418,000 in 2023, a gain of 10.32%. These increases suggest strong seller confidence and buyers’ willingness to meet higher price points, likely due to Spruce Grove’s desirable community features and proximity to Edmonton.

Spruce Grove Home Sales

Increase in Sold Properties: Demand on the Rise

One of the standout aspects of Spruce Grove’s real estate market in 2024 is the significant increase in sold properties. Year-to-date (YTD) data shows a total of 1,119 properties sold, a notable 34.17% increase compared to 834 properties sold in the same period in 2023. This upward trend reflects heightened demand in Spruce Grove, suggesting that more buyers are choosing this community as their preferred location.

October 2024: In October alone, there were 98 sold properties, marking a 55.56% increase from October 2023. This jump highlights seasonal strength in the market, possibly fuelled by factors like increased consumer confidence and favourable conditions for real estate investment.
Monthly Basis: While the YTD 2024 increase is significant, it’s essential to note that there has been a slight dip in the monthly average compared to the previous year. Monthly sales fell from 71 in 2023 to 57 in 2024, representing a 19.72% decrease. This could indicate a tighter inventory or the impact of recent interest rate hikes.

Average Home Sale Price

Average Sale Price: Similarly, the average sale price has experienced an upward trajectory. In October 2024, the average sale price reached $428,000, a 13.18% increase from October 2023. YTD, the average sale price for 2024 is $426,000, marking an 8.90% increase from $391,000 in 2023. This rise demonstrates the ongoing appreciation of property values and a competitive buyer landscape.

Ask-to-Sell Ratio: Strong Buyer-Seller Dynamics

The average ask-to-sell ratio provides additional insight into the market’s competitiveness and pricing dynamics. A higher ratio suggests that sellers are getting closer to their initial asking prices, which is often a sign of a seller’s market.

Ask-to-Sell Ratio: Spruce Grove’s ask-to-sell ratio in 2024 stands at 0.991, up by 1.16% compared to 2023’s 0.95. This increase indicates that sellers are achieving near their asking prices, a testament to robust demand and limited buyer negotiation power in a competitive market.

Days on Market Until Sale: A Faster-Paced Market

One of the most telling metrics of a hot real estate market is the average number of days a property remains on the market before it sells. In Spruce Grove, properties are selling more quickly in 2024 compared to previous years.

Days on Market: The average number of days on the market until sale has dropped to 44 days in 2024, a significant 31.25% decrease from 2023. This accelerated pace reflects a heightened interest from buyers and less hesitation in making purchase decisions. Quick sales often indicate that properties are priced appropriately and meet buyer demand, further underscoring Spruce Grove’s appeal.

The Spruce Grove real estate market in 2024 presents a picture of growth, stability, and opportunity. With rising prices, increased sales, and quick turnover, it’s clear that the community is highly sought after by both buyers and investors. The year-to-date trends indicate a strong seller’s market, where demand outweighs supply, leading to rising property values and a competitive buying landscape.

Looking ahead, if these trends persist, Spruce Grove’s market will likely continue to appreciate, making it an attractive investment location. Buyers looking to enter the market should act swiftly, while sellers can feel optimistic about maximizing their property values.

Overall, Spruce Grove’s thriving real estate scene reflects broader market trends, with a growing population and economic stability sparking demand. As more people recognize the benefits of this community, the market dynamics are expected to remain positive, ensuring a bright future for Spruce Grove’s real estate market.

For more information on buying or selling in Spruce Grove CONTACT CHRIS REID

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.

City of Spruce Grove Website

Stony Plain Real Estate: Market Trends and Investment Opportunities • 4 November 2024

Stony Plain Real Estate Sale Statistics- October 2024

by Christina Reid

Stony Plain Real Estate Statistics Market Update: October 2024

# Stony Plain Real Estate Market Analysis: A Comprehensive Look at 2024 Trends

Stony Plain’s real estate market has been showing dynamic activity throughout 2024, with significant year-over-year growth in both sales volume and prices. Here’s a comprehensive look at the latest trends based on the data from October 2024.

Below Graphs Are Interactive

Stony Plain Real Estate – New MLS® Listings

In October, Stony Plain saw 40 new listings, a 16.67% decrease compared to the same month last year. YTD, however, the total number of new listings increased 3.91%, reaching 531 listings versus 511 in 2023. The drop in October’s new listings suggests a potential tightening in inventory, which could continue to drive demand and prices up if supply remains limited.

Average Asking Price of Homes in Stony Plain

Despite the high demand, the average asking price in October 2024 was $357,000, which represents a slight decrease of 3.04% from the previous month. However, the YTD average asking price has increased by 8.23%, moving from $372,000 in 2023 to $403,000 in 2024.

Stony Plain Home Sales

In October 2024, Stony Plain recorded 52 sold properties, marking a substantial 92.59% increase compared to October 2023. Year-to-date (YTD) sales for 2024 stand at 446 properties, up 30.03% from 343 properties sold by this time in 2023. This increase reflects strong demand and a competitive market as buyers continue to view Stony Plain as an attractive place to settle.

Stony Plain – Average Home Sale Price

The average sale price in October was $345,000, a 14.37% increase over October 2023. Year-to-date, the average sale price has risen 7.98%, from $351,000 in 2023 to $379,000 in 2024, indicating that properties are selling closer to asking prices, and in many cases, at a premium.

The average ask-to-sell ratio for Stony Plain improved slightly to 0.98, reflecting that homes are selling very close to their listing prices.

Stony Plain Average Days on Market

Properties in Stony Plain are spending an average of 41 days on the market as of October 2024, a 25.45% decrease from the previous year, meaning homes are selling faster.

The data indicates that Stony Plain’s real estate market is thriving, driven by robust demand and steady price appreciation. With properties selling quickly and close to asking prices, both buyers and sellers should remain mindful of competitive conditions in the market. For potential sellers, now may be an opportune time to list, while buyers should be prepared to act swiftly given the quick turnover rate.

Whether you’re looking to buy, sell, or simply stay informed about the Stony Plain market, these insights reveal a strong year for local real estate, with demand likely to persist into 2025.

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.

If you are considering buying or selling a home in Stony Plain or just want more information on the Stony Plain real estate market, CONTACT ME HERE.

Town of Stony Plain Website

Rural Strathcona County Real Estate: Market Trends and Investment Opportunities • Rural Strathcona County Real Estate: Market Trends and Investment Opportunities • 4 November 2024

Rural Strathcona County Real Estate Market – Acreage Sales Statistics – October 2024

by Christina Reid

Rural Strathcona Country Real Estate Market- Sales Statistics October 2024

The rural real estate market in Strathcona County has seen notable shifts, with increases in sales activity, moderate changes in average asking and selling prices, and evolving trends in buyer demand. This year has demonstrated a marked rise in property transactions, spurred by factors such as buyer interest in rural properties, fluctuating inventory, and competitive pricing strategies. For those looking to buy or sell in Strathcona County, understanding these dynamics is essential. This in-depth analysis explores key data, year-over-year comparisons, and the implications of these trends for future buyers and sellers.

Bar graphs below are interactive

Strathcona County -Acreage Listings

New Listings: Meeting Buyer Demand

2024 New Listings: New listings in 2024 totalled 577, representing a 14.29% increase from the previous year’s 509 listings. The year-over-year rise reflects seller confidence, suggesting that more property owners are seizing the opportunity to sell amid high buyer interest.
Increased Inventory for Buyers: The higher number of 48 new listings is beneficial for buyers, providing a wider selection of properties and creating a more balanced market. However, sellers need to ensure competitive pricing and appealing property features to stand out.

The rise in inventory shows that while there’s high demand, sellers have also responded by making more properties available, which has helped to stabilize prices and give buyers more negotiating power.

Strathcona County – Average Acreage List Price

Average Asking Price Trends

2024 YTD Average Asking Price: The average asking price across the county stood at $872,000, showing a 21% decrease compared to the previous year. Despite the reduction, this pricing strategy may have contributed to the rise in sales, as sellers have aligned their expectations with what buyers are willing to pay.
2023 Comparison: Last year, the average asking price was around $883,000, a slight increase from $872,000, highlighting an upward trend in asking prices. This 3.01% increase indicates that sellers in 2023 held firm on value expectations, while 2024 saw a shift towards more competitive pricing.

Overall, this trend of slightly reduced asking prices suggests that sellers are adjusting their pricing strategies to meet the market demand, leading to a faster sales cycle and helping to reduce the time properties spend on the market.

Strathcona County –Acreage Sales

Sold Properties: A Remarkable Increase in 2024

October 2024 Sales: The market saw 45 sold properties in October, reflecting an impressive 104.55% increase from October 2023. This rise suggests increased demand for rural properties as more buyers are drawn to the tranquility of rural living and the appeal of larger land plots.
Year-to-Date (YTD) Data: YTD sales reached 336 properties by October 2024, up from 268 in 2023, representing a 25.37% increase. This growth underscores the consistent buyer interest throughout the year, making 2024 one of the more active years in recent memory for rural Strathcona.

The increased sales volume could be a result of several factors: favourable rural property prices compared to urban areas, buyers seeking larger spaces, and lifestyle shifts that prioritize privacy and nature.

Strathcona County Real Estate Market –Acreage Average Sales Price

Average Sale Price: Growth in Property Value

October 2024 Average Sale Price: The average sale price reached $750,000, a 14.87% increase compared to October 2023. This increase is indicative of strong demand, especially for properties priced below the county’s asking price average, making these more accessible to a larger group of buyers.
YTD Average Sale Price: Across 2024, the average sale price has been $752,000, marking a 6.75% year-over-year increase from $705,000 in 2023. This appreciation demonstrates that, despite fluctuations in asking prices, rural Strathcona properties are retaining and gaining value over time.

This upward trend in sale prices aligns with the growing desirability of rural properties in the post-pandemic world, where people are increasingly looking for properties that offer space, privacy, and a closer connection to nature.

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

Properties Selling Faster in 2024

Days on Market: In 2024, properties spent an average of 99 days on the market, a 16.47% increase compared to previous data. While still a considerable duration, this timeframe reflects the specificity of rural properties, which often require longer sale times compared to urban listings.
Implications for Sellers: The longer days on market suggest that rural buyers are taking time to make informed decisions, and sellers might need to adjust pricing or enhance property appeal to reduce time to sale.

The lengthier market time also reflects the unique buying process for rural properties, which often involves additional due diligence, such as land assessment and utility setup checks, before purchase.

Challenges and Opportunities for Sellers

For sellers, 2024 has been a favourable year given the high demand and increased sale prices. However, to ensure successful sales in the months ahead, there are some challenges and opportunities to consider:

Competitive Pricing: Given the changes in asking prices and the increased number of new listings, sellers need to remain competitive in their pricing. The 21% drop in average asking prices year-over-year suggests that aggressive pricing tactics may lead to faster sales.
Highlight Unique Features: In a market with a high inventory, showcasing the unique aspects of a property can make a significant difference. Landscaping, water features, or custom-built structures should be emphasized in listings.
Preparing for Extended Time on Market: With an average of 99 days to close, sellers need to be patient and ready to keep their property well-maintained and market-ready.

Looking Ahead: Market Outlook for 2025

The Rural Strathcona County real estate market is expected to remain stable but may see shifts in buyer trends as interest rates and economic conditions evolve. Key predictions for 2025 include:

Steady Demand for Rural Living: The appeal of rural areas is unlikely to wane, especially as more people seek a balance between work and lifestyle post-pandemic.
Potential for Price Adjustments: If the number of new listings continues to increase, some correction in prices may occur, giving buyers more negotiating power.
Interest Rate Sensitivity: With lower anticipated interest rates some rural buyers may wait to enter the market to increase their buying power.

Overall, the market for rural properties in Strathcona is poised for steady growth. Both buyers and sellers can benefit from the ongoing trends, provided they stay informed and prepared.

Conclusion

In summary, 2024 has been an active year for Rural Strathcona County’s real estate market. With a significant rise in property sales, strategic price adjustments, and growing interest in rural lifestyles, the region remains highly appealing for buyers. Sellers, on the other hand, can leverage these trends by setting competitive prices and making properties stand out in a growing inventory.

Whether you’re considering buying a spacious acreage or selling a rural estate, understanding these market dynamics is key to navigating Strathcona County’s unique real estate landscape.

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.

CONTACT ME HERE

Strathcona County Website

Fort Saskatchewan Real Estate Market Statistics • 9 October 2024

Fort Saskatchewan Real Estate Market Statistics- September 2024

by Christina Reid

Fort Saskatchewan Real Estate Market Statistics Chris Reid Realtor

Fort Saskatchewan Real Estate Market Statistics – September 2024

The Fort Saskatchewan real estate market is showing remarkable growth and resilience. With significant gains in both property sales and values, it continues to attract buyers looking for a thriving community within reach of Edmonton. Here’s a comprehensive look at the latest statistics and trends that have shaped Fort Saskatchewan’s real estate market so far this year.

Bar Graphs Below Are Interactive

Fort Saskatchewan MLS® Listings

Although buyer demand is high, new listings have seen a slight dip. In September 2024, there were 76 new listings, a 2.56% decrease compared to the previous year. However, on a YTD basis, there were 767 new listings in 2024, which shows a 1.99% increase from 752 in 2023. The marginal increase in listings YTD contrasts with the significant rise in demand, indicating a tightening market where supply is struggling to keep up with buyer interest.

Fort Saskatchewan Average List Price

The average asking price for homes in Fort Saskatchewan has seen a notable increase, marking a consistent upward trend in 2024. As of the latest data, the average asking price is $476,000, reflecting a 13.71% increase compared to the same period in 2023. When broken down, the asking prices have grown from $417,000 to $475,000 YTD, a 13.97% rise. This increase is a testament to the rising demand for properties in Fort Saskatchewan and signals a competitive market environment.

Fort Saskatchewan Home Sales

On a monthly basis, the number of sold properties has experienced fluctuations. For example, comparing the YTD monthly average reveals a 20.27% decrease in sold properties from the same period last year, with September standing out as an exceptionally strong month. This variability might suggest that seasonal factors, combined with Fort Saskatchewan’s unique market conditions, have influenced buyer activity, driving higher sales during certain periods.

Fort Saskatchewan Average Home Sale Price

The average sale price in Fort Saskatchewan has also surged, indicating that buyers are willing to pay a premium to secure properties in the area. In September 2024, the average sale price was $470,000, which represents a 26.51% increase from September 2023. For the YTD period, the average sale price is recorded at $442,000, marking an 11.44% increase from $397,000 in 2023. This consistent appreciation in sale prices underscores the area’s value growth, making it an appealing option for investors and homebuyers alike.

The ask-to-sell ratio in Fort Saskatchewan shows a market where sellers are receiving offers close to their asking prices. In September, the ratio was recorded at 0.993, marking a 1.45% increase compared to the previous period. The average ratio over the YTD period is around 1.00, indicating that most homes are selling at or near the asking price. This trend reinforces Fort Saskatchewan’s status as a seller’s market, with minimal negotiation on listed prices.

Fort Saskatchewan -Average Days on Market

Homes in Fort Saskatchewan are selling faster, further underscoring the competitive market conditions. While detailed metrics on the average days on market (DOM) aren’t included in this update, the overall trend suggests a swifter turnover. This accelerated sales pace is a strong indicator of the demand and can potentially influence higher offers from buyers eager to secure a home in this high-demand area.

The 2024 Fort Saskatchewan real estate market reflects substantial growth in sales volume, average prices, and strong buyer demand. With a 60.87% increase in property sales and a 26.51% increase in average sales price in September alone, Fort Saskatchewan has emerged as a dynamic and desirable area within the Edmonton region. The 13.71% increase in asking prices and the competitive ask-to-sell ratio further validate that demand is outpacing supply, making it an ideal market for sellers while posing opportunities for buyers willing to act swiftly.

This market data not only highlights Fort Saskatchewan’s current standing but also positions it as a lucrative investment destination moving forward, driven by rising demand, limited inventory, and steadily appreciating property values.

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

City of Fort Saskatchewan Website

St. Albert Real Estate Market Trends and Investment Opportunities • St. Albert Real Estate Market Trends and Investment Opportunities • St. Albert Real Estate Market Trends and Investment Opportunities • St. Albert Real Estate Market Trends and Investment Opportunities • St. Albert Real Estate Market Trends and Investment Opportunities • 8 October 2024

St. Albert Real Estate Market Statistics – September 2024

by Christina Reid

St. Albert Real Estate Market Chris Reid Realtor

St. Albert Real Estate Market Statistics – September 2024

As the St. Albert real estate market continues to show dynamic changes, understanding the latest statistics and trends is essential for anyone looking to buy, sell, or invest in the area. With its family-friendly neighbourhoods, excellent amenities, and strong property demand, St. Albert has established itself as one of Alberta’s key real estate markets. This blog breaks down the most recent data, covering everything from the average sale price and days on market to the shift in sold properties.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

September 2024 New Listings: St. Albert’s market recorded 150 new listings in September, which represents a decrease of 16.20% compared to the previous year.

Year-to-Date (YTD) New Listings: For 2024, 1,570 new listings have been posted, showing a 1.03% increase over the 1,554 listings in 2023. This slight increase in inventory helps balance the market, though the decrease in new listings as of September suggests an ongoing inventory squeeze, making available properties more competitive.

St. Albert Real Estate- Average List Price

Current Average Asking Price: In 2024, the average asking price for properties in St. Albert real estate market stands at $549K, which represents a 2.44% increase from 2023’s average of $537K.

Yearly Comparison: Since 2023, there’s been a 5.83% rise from $507K, showing a consistent upward trend in seller expectations and indicating a market that continues to gain value.

St. Albert Home Sales

September 2024 Sales: There were 103 properties sold, a 3.74% decrease from the 107 properties sold in September 2023. This slight decrease suggests minor seasonal fluctuations.

Year-to-Date (YTD) Sales: Sales volume reached 1,213 properties in 2024, marking a significant 23.65% increase compared to 981 sales during the same period in 2023. This substantial growth underscores the market’s appeal and a high buyer demand driven by St. Albert’s quality of life and proximity to Edmonton.

St. Albert Average Sale Price of Homes

September 2024 Sales Price: The average sale price in September 2024 hit $510K, showing an impressive 14.85% jump from September 2023’s average of $444K.

Year-to-Date (YTD) Average Sale Price: So far, the YTD average sale price in 2024 is $499K, up by 8.36% from $461K in 2023. This increase highlights the growth in property values across St. Albert, making it a lucrative area for investment.

Ask-to-Sell Ratio in 2024: Currently, the average ask-to-sell ratio is 0.997, a 1.95% increase from last year. This statistic shows that sellers are close to achieving their asking prices, an encouraging sign for those listing homes in St. Albert. For buyers, it suggests a need for competitive offers, especially in high-demand neighbourhoods.

St. Albert Housing Market Days on MLS®

In September, properties averaged 44 days on the market, a 32.31% reduction from the previous year. The shorter days-on-market statistic points to strong buyer demand, with properties being snapped up quickly. A quick sale turnaround time also indicates high competitiveness, meaning buyers should act quickly once they find a suitable property.

Key Factors Fuelling St. Albert’s Real Estate Market Growth

Several unique factors continue to make St. Albert an attractive market:

Proximity to Edmonton: Located just a short drive from Edmonton, St. Albert offers residents the best of both worlds—an accessible urban job market combined with a serene, suburban atmosphere.
Top-Tier Amenities and Schools: Families are drawn to St. Albert for its highly-rated schools, parks, healthcare facilities, and shopping centres, which all contribute to the area’s high quality of life.
Increasing Property Values: With both average asking and sale prices on the rise, homeowners and investors are witnessing steady property appreciation, which bodes well for long-term financial gains.
Low Inventory Levels: The slight decrease in new listings suggests a tight inventory, pushing prices up as demand continues to outpace supply.

St. Albert Housing Market: What Buyers Need to Know

For buyers looking to enter the St. Albert market, it’s essential to understand the current landscape:

Expect Competitive Bidding: With a high ask-to-sell ratio, competitive bidding is common, especially in popular neighbourhoods like Oakmont and Erin Ridge.
Get a Pre-Approval: To secure a property quickly in this fast-paced market, buyers should obtain mortgage pre-approval to increase their purchasing power.
Plan for Slightly Higher Budgets: Given the rise in both average asking and sale prices, setting a slightly higher budget could help buyers target properties within St. Albert’s main residential areas.

St. Albert Real Estate Market for Sellers: Timing and Strategy

For those planning to sell, here’s how to make the most of the current market:

Price Competitively: With a high average ask-to-sell ratio, setting a realistic asking price is critical to attracting qualified buyers quickly.
Market Strategically: Using high-quality images, staging, and SEO-driven listing descriptions can maximize your property’s visibility online, especially to out-of-town buyers.
Capitalize on Low Inventory: With fewer new listings, sellers may benefit from the reduced competition, allowing for favorauble pricing and quicker sales.

Investment Potential in St. Albert: Why Now?

Investors eyeing St. Albert will find several advantages in the 2024 market:

Appreciating Property Values: With both average asking and sale prices up, St. Albert offers strong potential for long-term capital gains.
Growing Rental Demand: Proximity to Edmonton and an influx of young professionals have boosted rental demand, making rental properties in St. Albert a lucrative venture.
Family-Friendly Community Appeal: St. Albert’s reputation as a safe, family-friendly community with excellent schools makes it a steady market for rental properties aimed at long-term tenants.

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 the St. Albert real estate market CONTACT CHRIS REID

St. Albert Website

Parkland County Real Estate: Acreage Properties and Market Trends • 8 October 2024

Parkland County Acreage Sales Statistics September 2024

by Christina Reid

Parkland County Acreage Real Estate Chris Reid Realtor

Parkland County Acreage Sales Statistics – September 2024

## Parkland County Acreage Sales: Trends and Insights for 2024

Below Graphs Are Interactive

Parkland County Acreage Listings

Inventory levels play a crucial role in determining market dynamics, affecting both price trends and buyer competition. Data from 2024 shows a nuanced view of Parkland County’s inventory situation:

September 2024 New Listings: A total of 107 new listings were recorded in September, representing a 7.00% increase from the prior year.
Year-to-Date New Listings: The YTD figures indicate a slight decline in new listings, dropping by 4.89% from 921 in 2023 to 876 in 2024.

This decrease in YTD new listings, combined with an increase in sold properties, points to a tightening inventory, which could fuel further price increases if demand continues to outpace supply. For sellers, this may be a golden opportunity to list their property and capitalize on the competitive market conditions. Buyers, however, may need to act more decisively and be prepared for fewer options and potentially quicker decisions.

Parkland County Average List Price

Rising asking prices have been a defining feature of Parkland County’s market in 2024, which could signal a shift toward a seller’s market.

Average Asking Price for September 2024: The average asking price in Parkland County has increased by 26.75%, reaching $807K. This significant increase highlights strong seller confidence and an upward trend in property values.
Year-to-Date Comparison: YTD figures also show a rise in asking prices from $632K in 2023 to $708K in 2024, marking a 12.06% increase.

The rise in asking prices can be attributed to heightened demand, increased property values, and potentially limited inventory, making it a favourable market for sellers. Buyers looking to invest in Parkland County should be prepared for higher price points and the potential for competition on sought-after properties.

Parkland County Acreage Sales

Parkland County’s monthly sold properties data showcases a steady growth trend throughout 2024.

Monthly Sold Properties in 2024: The current year has consistently outpaced 2023 in monthly sold properties, with a 19.00% increase in monthly figures YTD.

This steady rise month-over-month signals sustained buyer interest and market resilience. Despite economic variables, Parkland County has maintained robust sales activity, further cementing its status as a preferred location for those seeking a balance between rural and accessible suburban living.

Parkland County’s real estate market has seen a noteworthy rise in sold properties, both in year-to-date (YTD) data and monthly figures for September 2024. Here’s a closer look:

September 2024 Sold Properties: There were 54 sold properties in September, a 10.20% increase from the previous year, highlighting the growing interest in Parkland County properties.
Year-to-Date 2024 Sold Properties: With a total of 493 sold properties YTD in 2024, Parkland County has seen a 13.33% increase compared to 2023.

This growth suggests that demand remains strong, likely driven by the unique combination of lifestyle and property value that Parkland County offers. The increase in sold properties indicates that more buyers are choosing to invest in the area, attracted by the blend of rural living, larger property sizes, and access to nature.

Parkland County Acreage Average Sale Price

Examining monthly sales prices helps illustrate how the market has performed on a more granular level. Notably:

September 2024 Average Sales Price: The average sales price in September was $532K, which is a 25.39% increase from the same month in 2023. This sharp rise showcases a hot market and reflects the increased value perception of Parkland County properties.
Year-to-Date 2024 Average Sales Price: YTD 2024 shows an average sales price of $591K, marking an 8.83% increase compared to YTD 2023.

The upward trajectory in monthly sales prices could indicate that buyers are increasingly willing to pay premiums for the lifestyle and space that Parkland County offers. Properties in this area likely appeal to those seeking larger, rural lots or acreage without the premium prices often associated with properties within Edmonton city limits.

Parkland County Acreage Days on Market

The average number of days on the market for properties in Parkland County has increased slightly to 139 days in September 2024, up by 37.6% from 2023. Despite this increase, the average time to sell remains relatively short, indicating a healthy demand for rural acreages.

Forecasting Future Trends: What Lies Ahead for Parkland County

With all indications pointing toward a sustained demand for Parkland County properties, here’s what to expect in the coming months:

Sustained Price Growth: The upward trend in asking and selling prices will likely continue, fuelled by strong demand and limited new listings.
Buyer Competition: With fewer days on the market and high ask-to-sell ratios, buyers should prepare for a competitive environment. Acting quickly on desirable properties may become the norm.
Attractive Seller Conditions: Sellers are well-positioned to capitalize on the current market. The high ask-to-sell ratio, coupled with quick sales, suggests minimal need for price negotiation, as buyers remain willing to meet listing expectations.

Key Takeaways for Buyers and Sellers

For buyers, this market requires readiness to act decisively. Properties are moving quickly, and asking prices continue to rise, meaning waiting could lead to higher costs or fewer options. Consider your must-have criteria and be prepared to negotiate, especially if a property aligns with your vision.

For sellers, it’s an opportune time to list. With buyers showing a high willingness to pay close to asking prices and competition driving quick sales, sellers can confidently set competitive prices. It’s crucial, however, to present properties in their best possible light to maximize appeal.

Final Thoughts: Why Parkland County?

Parkland County represents a blend of rural peace and urban convenience, offering larger lots, a connection to nature, and a thriving community atmosphere. This combination appeals to families, professionals, and retirees alike, contributing to its resilience and growth in the real estate market. For those looking to buy or sell in Parkland County, 2024 continues to bring exciting opportunities.

In conclusion, Parkland County remains a strong real estate market with upward trends in demand, prices, and sold properties. Both buyers and sellers can navigate this market successfully by staying informed, prepared, and willing to act quickly as this dynamic market unfolds. Whether you’re looking to invest, relocate, or sell in Parkland County, understanding these trends will give you a clear advantage in making the most of this vibrant and evolving market.

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.

If you would like more information on buying and selling in Parkland County CONTACT CHRIS REID

Parkland County Website