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Fort Saskatchewan Home Sales StatisticsFort Saskatchewan Home Sales StatisticsFort Saskatchewan Home Sales StatisticsFort Saskatchewan Home Sales StatisticsFort Saskatchewan Home Sales Statistics 11 January 2024

Fort Saskatchewan Real Estate Market Statistics- December 2023

Fort Saskatchewan Real Estate Market Statistics

  

Bar Graphs Below Are Interactive

New MLS® Listing Count Fort Saskatchewan

40 new listings came on market in December. Up from 23 listings in December of 2022.

Fort Saskatchewan Average List Price of Homes

The average list price for December was down 1.9% to $410.7k.

Fort Saskatchewan Home Sales Count

32 homes sold in Fort Saskatchewan in December flat to December 2022.

Fort Saskatchewan Average Home Sale Price

$396.4k was the average sales price of homes in Fort Saskatchewan. This was an increase of .46% over December of last year.

Fort Saskatchewan Average Days on MLS®

Homes were on market an average of 99 days before sale.

St. Albert Real Estate Market Stats 11 January 2024

St. Albert House Sales Statistics December 2023

St. Albert Real Estate Statistics

Bar Graphs Below Are Interactive

St. Albert New Listing Count

56 New listings came on in the month of December. This was very similar to December 2022 when 54 listings were added.

Average Home List Price in St. Albert

The average listing price for homes in St. Albert for December was up 9.5% to $538.7k. 

St. Albert Home Sales Count

Home sales for the month of December remained the same as last year at 49.

St. Albert Average Home Sale Price

The average sale price of homes dropped by 10% from December of 2022 to $423k .

St. Albert Average Days on MLS®

The average days on market for St. Albert homes was 88.

Parkland County Real Estate Market Statistics 11 January 2024

Rural Parkland County Acreage Sales Statistics December 2023

Rural Parkland County Acreage Sales

Below Graphs Are Interactive

Parkland County Acreage Listings

29 New acreage listings came on to MLS® in December. This is a decrease of 12% from last December.

Parkland County Average List Price for Acreages

The average list price for Parkland County acreages was up 28% to $721.5K. In

December 2022 the average list price was $563.5k.

Sales in Rural Parkland County

December saw 26 acreages sell, slightly ahead of last years 22 sales.

Parkland County Average Acreage Sale Price

The average sales price was up 1.2% year over year to $611.9k.

Parkland County Average Days on MLS®

Acreages were on market an average of 137 days in Parkland.

Home Sale Statistics Edmonton 11 January 2024

Edmonton Home Sale Trends December 2023

Edmonton Home Sale Statistics

   

Below Graphs Are Interactive.

Edmonton New MLS® Listings

There was a 13% increase of listings totaling 1.09K for the month of December. Only 959 listings came on for the same time last year.

Average List Price in Edmonton

The average list price for December was $448.2k up from $419k in December 2022.

Edmonton Home Sale Numbers

A total of 909 homes sold in the month of December. This represents an increase of 200 homes over last year same time. 

Edmonton Average Home Sale Price

The average sales price was up 5.8% from December of 2022 to $370.7k. Last year December was $350.3k.

Edmonton Average Days on MLS®

Homes in Edmonton were on market an average of 82 days before sale.

Spruce Grove Real Estate Statistics 11 January 2024

Spruce Grove Home Sale Trends December 2023

Spruce Grove Real Estate Market

   

The below graphs are interactive

Spruce Grove Listing Count

68 new listings came on in the month of December an increase from 43 same time last year.

Spruce Grove Average Home List Price

The average list price of a home in December was $446.3k in Spruce Grove. This is up from December of 2022 when it was $426.8k.

Home Sales in Spruce Grove

There was a 9% decrease in home sales from December of 2022. Only 41 sales went through in the month of December.

Average Home Sale Price in Spruce Grove

The average price for homes in Spruce Grove for December was $383.6k. This was relatively flat to December of 2022 when it was $382.6k.

Spruce Grove Average Days on Market

Homes were listed on MLS® for an average of 80 Days.

Stony Plain 10 January 2024

Stony Plain Real Estate Market Statistics- December 2023

Stony Plain Real Estate Market Statistics

  

Stony Plain Real Estate Statistics

Below Graphs Are Interactive

Stony Plain MLS® Listings 

24 new lsitings came on market in Stony Plain for December 2023. Only 11 homes came on the market in December of 2022.

Average List Price For Homes in Stony Plain

The average list price was $396.3k in the town of Stony Plain for the month of December, an increase of 24% over same time last year.

Stony Plain Home Sales

18 homes sold in Stony Plain during the month up 12% from last year December.

Stony Plain Average Home Sale Price

The average sales price was up 51% to $399K, an increase of $135.6k over same time last year.

Stony Plain Average Days on MLS®

The average days on market is 65 for December 2023.

Strathcona County Real Estate Market Statistics 10 January 2024

Rural Strathcona County Real Estate Acreage Sales Statistics – December 2023

Rural Strathcona Country Acreage Sales Statistics December 2023

   

Bar graphs below are interactive

Rural Strathcona Acreage Listings

In December 27 new listings came on to MLS®. This was an increase of 145% from 11 December in 2022.

Rural Strathcona Acreage List Price

The average asking price of acreages was $912k. Down from $940.6K in December 2022.

Rural Strathcona Acreage Sales

11 Properties sold during the month of December an increase in sales of 22% from December last year.

Rural Strathcona Acreage Sales Price

December’s average sales price was $801k up drastically from December last year at $557.7k

Rural Strathcona Acreage Average Days on MLS®

Average days on market for acreages in Rural Strathcona was 91.

Edmonton New Home Builders - Trends and Market UpdatesEdmonton New Home Builders - Trends and Market Updates 18 December 2023

Navigating the New Landscape: How Canada’s Energy Efficiency Regulations are Reshaping Edmonton’s Real Estate Market

Edmonton’s real estate market is poised for significant changes with the introduction of the Canadian government’s new ‘energy efficiency’ regulations. These regulations are part of a broader effort to decarbonize the building sector as Canada moves towards its emissions reduction goals by 2030. Here’s how these changes may impact home prices in Edmonton:

  1. Increased Costs: The new federal regulations aimed at enhancing energy efficiency in buildings are expected to push housing prices higher in Alberta, including Edmonton. This is due to the additional costs associated with making new and existing homes more energy-efficient​​​.
  2. Government Initiatives: It’s important to note that the government is also taking steps to address housing availability and affordability. Canada’s Housing Action Plan, for instance, involves utilizing government-owned real estate for building more home​​s.
  3. Energy Efficiency Mapping: In Edmonton, energy efficiency mapping initiatives like the one conducted by Lightspark provide insights into the energy efficiency of thousands of homes. This could influence buyer preferences and potentially impact the value of more energy-efficient properties​​.
  4. Market Outlook: The overall market outlook for Canadian real estate in 2023 indicates that if home prices fall more than expected, it could impact household wealth and spending. This underscores the importance of monitoring market trends in the face of these new regulation​​s.

While the new energy efficiency regulations are set to increase the cost of homes in Edmonton, they are part of a larger, environmentally focused initiative. Prospective buyers and sellers in Edmonton should stay informed about these changes and consider the long-term benefits of energy-efficient properties.

START YOUR SEARCH FOR AN ENERGY EFFICIENT HOME NOW! CLICK HERE TO BEGIN.

 

🌐 Sources

fraserinstitute.org – Ottawa’s New ‘Energy Efficiency’ Regulations will Increase Home Prices in Alberta

energynow.ca – Ottawa’s New ‘Energy Efficiency’ Regulations will Increase Home Prices in Alberta

canada.ca – Canada’s Housing Action Plan

cbc.ca – New Maps Estimate Energy Efficiency for Thousands of Homes in Edmonton

cbre.ca – 2023 Canada Real Estate Market Outlook

18 December 2023

Edmonton’s New Home Construction: Why to Build Your Dream Home in the Heart of Alberta Now

Purchasing a new home in Edmonton’s current market, rather than waiting, offers several compelling advantages:

  1. Current Market Trends: The real estate market in cities like Calgary has shown a trend of properties being sold rapidly. This trend indicates a high demand in the region, suggesting that waiting to buy could mean facing increased competition and potentially higher prices in the future.
  2. Long-term Investment: If you have your finances in order, purchasing a home now can be a great investment. Real estate typically appreciates over time, meaning buying sooner rather than later can result in greater long-term gains.
  3. Shrinking Lot Sizes: As urban areas like Edmonton grow, the size of available lots for single-family homes tends to decrease. This trend can make finding larger properties more challenging and potentially more expensive in the future.
  4. Increasing Density: Edmonton’s new zoning bylaw allows for higher-density housing options like three-story townhouses, row houses, duplexes, and small apartments. This shift towards higher density can impact the availability and pricing of single-family homes, making it advantageous to purchase now before these changes fully take effect.
  5. Rising Build Costs: Construction costs have been steadily increasing, influenced by various factors such as labor costs, material prices, and supply chain issues. Buying a new home now, rather than later, can potentially save buyers from higher future costs associated with these increases.
  6. Reduced Supply and Increased Demand: With Alberta’s housing inventory down significantly and sales up, the market is becoming more competitive. This increased competition can lead to higher prices and fewer choices, especially in sought-after areas.
  7. Affordability Concerns: As Edmonton’s infill plans evolve, there’s an emphasis on making homeownership more affordable through higher density housing. This might shift the focus away from single-family homes to more compact living spaces, potentially affecting the availability and value of traditional home types in the future.

Current trends in Edmonton’s real estate market, including smaller lot sizes, increasing density, and rising construction costs, make it advantageous to purchase a new home sooner rather than later.

START YOUR NEW HOME SEARCH TODAY! CLICK HERE TO SEARCH MLS® NEW CONSTRUCTION HOMES IN EDMONTON

Edmonton New Home Builders - Trends and Market UpdatesUncategorizedUncategorized 15 December 2023

Why Invest in New Construction Homes in Edmonton: A Smart Buyer’s Guide

Why Invest in New Construction Homes in Edmonton: A Smart Buyer's Guide

Introduction

Edmonton, a bustling urban center with a flourishing real estate sector, is a goldmine for prospective homeowners—particularly those eyeing brand-new construction properties. But what sets these homes apart? Let’s delve into the benefits of selecting a newly constructed home.

  1. Customization at Your Fingertips

New build homes in Edmonton offer a blank canvas for your lifestyle and taste. Move beyond the constraints of pre-owned homes with the versatility to select your desired floor plans, fixtures, and finishes, ensuring your home is a true reflection of your personal style.

  1. Leading-Edge Energy Efficiency

The new construction homes in Edmonton are at the forefront of eco-friendly living. These homes come standard with cutting-edge technologies and energy-saving features, leading to significant utility cost savings and a reduced environmental footprint. Features like smart thermostats, high-efficiency appliances, and green building materials are the norms, not exceptions.

  1. Warranty-Backed Low Maintenance

Embrace the comfort of everything being untouched and under warranty with a new build in Edmonton. Escape the worries of out of pocket expenses for unexpected repairs and revel in the cost-saving benefits of minimal maintenance, thanks to the Alberta New Home Buyer Protection Act (2014), which ensures comprehensive warranty coverage—from material and labor defects to structural integrity.

  1. Thriving Community Life

The heart of Edmonton is youth and growth, with new construction homes often nestled in budding neighborhoods. The city’s commitment to sustainable development shines in these areas, boasting parks, playgrounds, and community centers that cultivate a robust sense of community.

  1. Lucrative Investment Opportunities

Edmonton’s real estate is not just alive—it’s thriving. New construction homes  carry the promise of enhanced resale value, making them a sound financial venture with potential for appreciation, especially as these communities expand and new amenities are introduced.

  1. Uncompromised Safety and Modern Standards

Adherence to the latest safety protocols and building codes is a given with Edmonton’s new construction homes. Built with top-tier materials, employing best construction practices, and complying with stringent regulations, these homes offer homeowners piece of mind.

 

Conclusion

Edmonton’s landscape of new construction homes is rich with advantages—from tailor-made living spaces to investment prospects. As the city’s horizon broadens, so does the opportunity to stake a claim in its evolution. Partner with a seasoned REALTOR® to navigate Edmonton’s new construction landscape and embark on a fulfilling home-buying journey.