The Edmonton condo market in early 2025 presents a dynamic landscape for both buyers and sellers. Understanding the latest trends, price fluctuations, and market statistics is essential for anyone interested in investing or purchasing a condo in this vibrant city. As a city known for its growing economy and diverse neighbourhoods, Edmonton’s condo market is showing signs of both challenges and opportunities. In this blog, we’ll explore the key factors driving Edmonton’s condo market in February 2025, with insights into sales trends, price changes, and the outlook for the upcoming months.
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Edmonton Condo New Listings
There were 438 new condo listings in February 2025, representing a decrease of 9.32% from the 483 new listings in February 2024.
New condo listings in Edmonton have decreased slightly by 9.32% in February 2025 compared to February 2024, signalling a potential shift in inventory levels. On a year-to-date basis, there has been a slight decrease of 0.78% in new listings, which may indicate that condo owners are holding onto their properties longer or choosing not to list at this time.
With fewer new listings entering the market, buyers may face more competition for available units. Sellers should take advantage of this lower inventory level to stand out and attract buyers who are eager to purchase.
Average List Price Condo
The average asking price for condos has decreased by 4.37%, dropping to $234,000 in February 2025 from $242,000 in February 2024. However, the average asking price has increased by 3.68% on a YTD basis, from $251,000 in 2024 to $260,000 in 2025. The YTD figures show a slight increase in asking prices, which suggests that the drop in asking prices is more of a short-term fluctuation than a long-term trend. This could be due to adjustments made by sellers in response to the decrease in sales volume during February.
For sellers, this presents an opportunity to assess pricing strategies carefully. While asking prices may need to be adjusted to reflect market conditions, there is still potential for strong sale prices due to the ongoing demand in the Edmonton condo market. Buyers should be aware of asking price fluctuations and evaluate their budget accordingly to ensure they can remain competitive.
Condo Sales Edmonton
260 condos sold in February 2025, a decrease of 11.86% compared to February 2024. While the number of condos sold in February 2025 has decreased it’s important to note that there has been a modest increase in sales on a YTD basis, suggesting a more stable trend overall. Fewer transactions in February could be attributed to seasonal factors or potential shifts in buyer sentiment. However, with a 5.67% increase in sales year-to-date, the overall market is still showing signs of growth and resilience.
For buyers, the decrease in sales volume could signal an opportunity to enter the market during a quieter period, potentially avoiding the intense competition seen during peak market periods. Sellers may also want to capitalize on the current inventory levels, knowing that there is still consistent demand despite the seasonal dip in sales.
Average Sale Price Edmonton Condos
The average sale price has surged by 21.92%, with February 2025 seeing an average sale price of $211,000, compared to $173,000 in February 2024. YTD, the average sale price stands at $207,000, marking a 15.38% increase from $180,000 in the same period last year.
This rise in sale prices can be attributed to several factors, including increased demand for condos, limited supply, and growing investor interest in Edmonton’s real estate market. Buyers may face rising prices, but this also presents an opportunity for sellers to achieve a higher return on investment.
For investors, the 21.92% year-over-year price increase highlights the potential for long-term gains in Edmonton’s condo market. As the city continues to grow, condos are becoming an increasingly attractive option for both renters and owners, making it a lucrative market for investment properties.
Average Days on Market
Condos are selling faster, with the average days on market dropping by 6.98%, from 85 days in February 2024 to 80 days in February 2025. This indicates a quicker turnover in the market, benefiting both sellers and buyers looking for faster transactions.
For buyers, this means that acting quickly is key. With properties moving faster than before, it’s important to be prepared to make decisions promptly. Sellers, on the other hand, can benefit from the quicker turnover by listing their condos at competitive prices and capitalizing on the growing buyer interest.
What Does This Mean for Buyers and Sellers in Edmonton’s Condo Market?
For Buyers: The Edmonton condo market in February 2025 presents both challenges and opportunities. On the one hand, the surge in sale prices and decreased sales volume could indicate a more competitive market, particularly for popular properties. On the other hand, with new listings slightly down and average days on market decreasing, buyers may be able to find opportunities in the quieter periods before peak seasons.
If you’re considering buying a condo in Edmonton, it’s important to work with a knowledgeable REALTOR® who understands the nuances of the market. Being prepared to act quickly, having your financing in place, and understanding current price trends will help you navigate this competitive market effectively.
For Sellers: The Edmonton condo market remains strong, with significant price increases and faster sales. Sellers can take advantage of the current market by listing their properties now to capitalize on higher asking prices and quicker turnovers. However, it’s important to price properties competitively to ensure a successful sale.
Sellers should also be mindful of the slight drop in new listings and consider how this affects the overall supply and demand. Properties that are priced correctly and marketed well are likely to attract more interest and sell faster.
Edmonton Condo Market Outlook for the Rest of 2025
As we move further into 2025, the outlook for Edmonton’s condo market remains positive. The ongoing increase in sale prices, coupled with strong demand and limited inventory, suggests that the market will continue to be competitive. Buyers and sellers should expect more of the same in terms of quicker sales, rising prices, and fluctuating listings.
Investors looking to enter the Edmonton condo market should be optimistic about the long-term potential for price appreciation and rental demand. With Edmonton’s growing economy and increasing population, condos are becoming a more popular choice for both homebuyers and renters.
Conclusion
Edmonton’s condo market in February 2025 presents a mix of opportunities and challenges. For buyers, understanding the market’s pricing trends, being prepared to act quickly, and working with a skilled REALTOR® will be key to finding the right property. Sellers can capitalize on the strong demand and increasing sale prices by listing at competitive prices and capitalizing on the current market momentum.
With these insights in mind, Edmonton’s condo market remains a promising place for real estate transactions, offering both short-term opportunities and long-term growth potential. Whether you’re buying, selling, or investing, now is a great time to explore Edmonton’s dynamic condo 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 the Edmonton condo market contact Chris Reid
Fort Saskatchewan Real Estate Market February 2025
The Fort Saskatchewan real estate market has remained active in early 2025, with notable changes across key indicators.
Fort Saskatchewan, a vibrant community located just northeast of Edmonton, continues to experience a dynamic real estate market in 2025. Whether you’re a first-time homebuyer, an investor, or looking to sell, it’s essential to understand the latest market trends and statistics to make informed decisions. This comprehensive update will dive into the latest data for February 2025, highlighting the changes in sales, prices, new listings, and more, while offering insights into what these trends mean for buyers and sellers in Fort Saskatchewan.
Bar Graphs Below Are Interactive
Fort Saskatchewan New MLS® Listings
Fort Saskatchewan market presents opportunities to capitalize on a high level of market activity. The number of new listings in February 2025 decreased by 9.3% compared to the same month in 2024, with 78 new listings compared to 86 in February 2024.
Fort Saskatchewan Average List Price
The average asking price has seen a slight increase of 2.73% in February 2025, standing at $513,000. This is an increase from $482,000 in February 2024, though there has been a slight year-to-date decrease of 2.79%.
Fort Saskatchewan Home Sales
Fort Saskatchewan’s real estate market has remained active in early 2025, with notable changes across key indicators. As of February, the number of sold properties has increased by 3.28%, with 63 homes sold in February 2025, compared to 61 homes in the same month of 2024. Year-to-date, the market has seen a 26.09% increase, with 116 properties sold in 2025 versus 92 in 2024. This shows that Fort Saskatchewan’s market is on an upward trajectory, demonstrating strong demand for homes.
Fort Saskatchewan Average Home Sale Price
The average sale price for February 2025 was $414,000, reflecting a 3.34% decrease from the previous year. While prices have seen some fluctuations, the market remains competitive, making Fort Saskatchewan an attractive option for buyers and sellers alike.
Another critical metric for sellers is the ask-to-sell ratio, which has improved by 1.58% to 0.998 in February 2025. This means that homes are selling for almost their asking price, with just a slight difference between the listed price and the final sale price. Sellers who price their homes competitively can expect favourable outcomes, as buyers are willing to pay close to what is being asked.
Average Days on Market
Days on market has dramatically decreased in February 2025, with homes selling in an average of 45 days, which is a 48.86% decrease from the 96 days it took on average in February 2024. This indicates that homes are moving faster in today’s market, which is advantageous for sellers who are eager to close a deal quickly.
What Buyers Can Expect in the Fort Saskatchewan Market
Buyers in Fort Saskatchewan may notice a competitive but balanced market in 2025. The average sale price of $414,000 represents a 3.34% decrease from February 2024, indicating that homes in the area have become slightly more affordable. However, this slight reduction is balanced by the fact that the market is still very active, with many homes moving quickly. Buyers should be prepared to act fast and consider making competitive offers, especially on well-priced properties.
The average ask-to-sell ratio of 0.998 shows that sellers are getting close to their asking prices, meaning that while there are opportunities to negotiate, offers close to the listed price are generally more successful. With new listings down by 9.3% in February 2025, the available inventory is relatively limited, which could drive competition and result in multiple offer situations for desirable properties.
For first-time buyers or those looking for affordable homes, Fort Saskatchewan still offers an attractive selection of properties. With its proximity to Edmonton, Fort Saskatchewan remains an excellent choice for those seeking a quieter lifestyle without sacrificing access to urban amenities. Additionally, the increase in the number of sold properties year-to-date, up 26.09%, reflects the area’s growing appeal to homebuyers.
A Growing Community: Why Fort Saskatchewan Continues to Attract Buyers
Fort Saskatchewan offers a range of benefits for buyers looking for a community-oriented and family-friendly atmosphere. As the population grows, the demand for homes in the area continues to rise, and the real estate market reflects this trend. Fort Saskatchewan offers a unique blend of suburban tranquility with easy access to Edmonton’s larger city amenities.
The growth of local infrastructure, schools, parks, and recreational facilities makes Fort Saskatchewan an increasingly desirable place to live. Whether you are looking for your first home, upgrading to a larger property, or searching for a more peaceful lifestyle, Fort Saskatchewan provides a wide range of options to suit various needs and preferences.
Moreover, Fort Saskatchewan’s competitive housing market presents investment opportunities for those looking to purchase rental properties or second homes. As demand for housing continues to rise, Fort Saskatchewan’s real estate market offers potential for long-term appreciation, making it a wise investment for savvy buyers.
The Forecast for Fort Saskatchewan’s 2025 Market
Looking ahead, Fort Saskatchewan’s real estate market is expected to remain robust. The steady increase in the number of sold properties, along with the decrease in days on market, suggests that demand will continue to outpace supply. Sellers can expect favourable conditions, especially those with well-priced and well-maintained homes.
For buyers, there will still be opportunities to find affordable properties, especially in a market where prices are slightly down compared to last year. However, competition will likely remain high, and buyers will need to act quickly to secure their desired property. With the average ask-to-sell ratio remaining close to 1, buyers should be prepared for multiple offers, especially in popular neighbourhoods.
Conclusion: Navigating the Fort Saskatchewan Real Estate Market in 2025
In conclusion, Fort Saskatchewan’s real estate market in 2025 is showing promising signs of continued growth. While prices have experienced some fluctuations, the market is still highly active, with an increase in both sales and the number of properties sold. For buyers and sellers alike, understanding these market trends will be essential to making the right move in Fort Saskatchewan’s real estate landscape.
For sellers, the market is favourable, with strong sales activity, shorter days on market, and high ask-to-sell ratios. For buyers, there are still opportunities to find well-priced properties, although competition will be fierce in this fast-moving market. Fort Saskatchewan offers a wealth of opportunities, whether you’re looking for your first home, a larger family property, or an investment in a growing community.
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
St. Albert Real Estate Market Update: February 2025
The St. Albert real estate market has experienced solid growth for 2025 compared to the previous year. The city has seen an increase in both the number of properties sold and the average sale price, signalling a continued demand for homes in this desirable area. Whether you’re a first-time buyer, an investor, or looking to upgrade your home, it’s important to understand how these changes affect your real estate goals.
St. Albert, often referred to as “The Botanical Arts City,” is known for its beautiful parks, vibrant community, and strong real estate market. As we head into 2025, there are several key trends and updates shaping the local housing market. If you’re considering buying, selling, or investing in St. Albert real estate, understanding the latest market conditions is crucial to making an informed decision. Let’s dive into the most recent statistics, trends, and insights into St. Albert’s housing market as of February 2025.
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St. Albert New Listing Count
There were 157 new listings in February 2025, reflecting a 6.80% increase compared to February 2024. For the year-to-date (YTD), 287 new homes have been listed, an increase of 13.44% from 253 listings during the same period in 2024. This surge in new listings is a positive sign for buyers, as it indicates more options to choose from in the market.
Average List Price
In February 2025, the average asking price for homes in St. Albert was $545K, which represents a 6.49% decreasecompared to the same time in 2024. This change signals that while the market remains active, there may be some slight adjustments in pricing as sellers seek to remain competitive. However, it’s important to note that the average asking price does not always equate to the final sale price, as negotiations can influence the final deal.
St. Albert Home Sales
101 sold homes in February 2025, representing a 13.48% increase from February 2024, when 89 homes were sold. Year-to-date (YTD) figures also show strong growth with 167 homes sold so far in 2025, marking a 15.17% increase from the same period in 2024.
Average Sale Price of Homes
The average sale price for homes in St. Albert rose to $568K in February 2025, which is an 8.10% increase from February 2024. This growth mirrors the YTD average sale price of $534K, marking an 8.76% increase from the same time in 2024. This upward trend in prices indicates a healthy and competitive market where home values are appreciating.
The average ask-to-sell ratio stands at 1.003, which represents a 1.69% increase from the previous year. This means that homes are generally selling for slightly above their asking prices, indicating that sellers are achieving their desired sales prices and the market is competitive.
Days on MLS®
Homes in St. Albert are selling faster. The average days on market has decreased by 40.24%, dropping from 85 days in February 2024 to just 49 days in February 2025. This significant reduction in days on the market shows a higher demand for homes and a quicker turnaround for sellers.
What’s Driving the St. Albert Real Estate Market?
The growth of the St. Albert real estate market can be attributed to several key factors:
Strong Demand for Family Homes: St. Albert is known for its family-friendly environment, with excellent schools, parks, and a wide range of recreational facilities. Many buyers are attracted to the area’s suburban feel, which offers the perfect balance of tranquility and accessibility to Edmonton’s city centre. With more buyers looking to settle in St. Albert, the demand for single-family homes and townhouses is strong.
Appealing Community Amenities: Residents of St. Albert enjoy access to numerous amenities, including shopping centres, dining options, entertainment, and healthcare services. The city’s location near the Sturgeon River and its network of walking and biking trails also make it an attractive place to live for nature lovers. These features, combined with a low crime rate and a high quality of life, make St. Albert a highly desirable location for homebuyers.
A Competitive but Growing Market: While the average sale price has been on the rise, the market remains relatively accessible for many buyers. The consistent increase in new listings and the reduction in days on market indicate a well-balanced market where buyers and sellers are finding common ground. For homebuyers, this is an opportunity to take advantage of more inventory and potential growth in equity over time.
Proximity to Edmonton: St. Albert’s close proximity to Edmonton—just a 15-minute drive from downtown—makes it an ideal location for people who work in the city but prefer the peaceful suburban lifestyle. With transportation infrastructure continuing to improve, St. Albert is becoming even more convenient for commuters, enhancing its appeal to those who work in Edmonton but want to live in a quieter, more family-oriented community.
St. Albert Neighbourhoods to Watch
St. Albert is made up of a variety of neighbourhoods, each offering its unique features and amenities. Some of the most sought-after areas for homebuyers include:
Jensen Lakes: Jensen Lakes is one of the city’s most sought-after communities, offering an exceptional living experience with its tranquil lakeside setting. Known for its stunning lake views and vibrant lifestyle, Jensen Lakes combines the beauty of nature with modern conveniences. Residents enjoy year-round outdoor activities, including walking trails, kayaking, and scenic picnics by the water. This family-friendly neighbourhood is also home to a variety of high-quality homes, from spacious single-family residences to luxurious properties, providing something for every lifestyle. With its close-knit community, excellent schools, and easy access to St. Albert’s amenities and Edmonton, Jensen Lakes is the perfect place to call home.
Oakmont: Oakmont is one of St. Albert’s most prestigious neighbourhoods, offering luxurious homes and large lots. It’s known for its stunning views of the Sturgeon River and proximity to upscale amenities such as the St. Albert Golf and Country Club. This area is perfect for buyers looking for a high-end lifestyle with easy access to nature.
North Ridge: If you’re looking for newer homes, North Ridge is a great option. Located on the northern edge of St. Albert, North Ridge offers modern homes with larger floor plans and easy access to parks and schools. It’s an excellent location for families looking for a spacious home in a growing community.
Mission: Mission is another established area in St. Albert, offering a mix of charming homes and newer developments. The neighbourhood’s proximity to the river, walking trails, and local shops make it an attractive place for buyers seeking a well-rounded lifestyle in a mature community.
Tips for Buyers and Sellers in St. Albert
Buyers:
Get Pre-Approved for a Mortgage: The St. Albert market has seen price increases, so it’s essential for buyers to get pre-approved for a mortgage. This will not only give you a clear idea of your budget but also make you a more competitive buyer in a market with limited inventory.
Stay Informed About New Listings: With the increase in new listings, it’s important to stay up-to-date with the latest properties on the market. Working with a local REALTOR® can help you get the inside track on new homes before they’re widely available.
Sellers:
Price Your Home Strategically: Homes in St. Albert are selling quickly, but it’s essential to price your property competitively. Work with your REALTOR® to understand current market trends and ensure your home is priced to attract buyers while maximizing your return.
Stage Your Home: Staging your home can help it stand out in a competitive market. Buyers are more likely to make an offer on a home that is well-presented and move-in ready.
Conclusion
The St. Albert real estate market in February 2025 is showing positive signs of growth, with increased sales activity, rising prices, and reduced days on the market. Whether you’re a first-time buyer or a seasoned investor, now is an exciting time to consider St. Albert as your next real estate investment. With strong community amenities, family-friendly neighbourhoods, and close proximity to Edmonton, St. Albert offers an ideal location for homebuyers looking to settle in a thriving suburban area.
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
Edmonton Detached Single Family Home Market: February 2025 Update
As of February 2025, the Edmonton detached single family home market shows some key shifts, both in the volume of homes sold and the pricing trends. Despite a decrease in the number of properties sold, the market is experiencing strong growth in home prices. Here’s a closer look at the most significant metrics impacting the market:
The Edmonton real estate market has seen notable changes in early 2025, especially in the sector of detached homes. With shifts in both home prices and the number of listings, it’s important for potential buyers and sellers to understand the current trends to make informed decisions. Whether you’re looking to buy your first home or sell your property in Edmonton, this market update offers insights into the latest movements for single-family detached homes.
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Edmonton New Single Family Home Listings
The number of new listings in February 2025 was 1.04K, showing a slight decrease of 0.86% compared to the same month last year. The relatively stable number of new listings suggests that demand for detached homes in Edmonton remains relatively strong, even though fewer properties are being introduced to the market.
Average Asking Price
One of the most telling trends in the Edmonton real estate market is the steady increase in the price of detached homes. Home values have consistently risen, reflecting the demand for detached properties and the ongoing growth in the Edmonton market.
The average asking price for detached homes in Edmonton was $634K in February 2025, an increase of 7.72% compared to February 2024. This rise in asking prices indicates that sellers are confident in their homes’ value and expect solid offers from buyers.
Edmonton Single Family Home Sales
While there has been a decrease in the number of detached homes sold in Edmonton, it’s important to recognize that this doesn’t necessarily signal a downturn. Several factors contribute to these changes, such as rising prices, which can slow down the number of buyers who can afford to purchase homes. Higher prices may lead to fewer transactions, but this doesn’t always indicate an unhealthy market.
Lower Sales Volume: The total number of homes sold year-to-date in 2025 (YTD) is 1220, which represents a 9.09% decrease from the same period last year. However, despite this decrease in the number of sales, the average sale price has risen by 13.21%, showing that the market is still robust in terms of value.
Buyer Affordability: The decrease in sales volume could also be related to changes in buyer affordability. As home prices rise, fewer buyers may be able to meet the asking prices for detached homes, especially those in the higher price brackets. However, even with this decreased volume, the overall price increase suggests that demand is still present, just with fewer transactions.
Average Single Family Home Sale Price
The average sale price for detached homes in Edmonton increased by 10.67%, reaching $546K in February 2025. This growth suggests that while the number of homes sold may have decreased, the value of those homes has significantly increased, reflecting a strong market.
Ask to Sell Ratio
The ask to sell ratio, which compares the listing price to the final sale price, has risen slightly to 1.003, indicating that homes are typically selling at or above their listing prices. This metric shows that sellers are often receiving offers close to or above their asking prices, further demonstrating the strength of the market.
Days on MLS®
Homes are selling faster than before. The average days on market until sale have dropped by 33.73%, now sitting at 55 days in February 2025 compared to 64 days in February 2024. This indicates that when homes are listed, they tend to sell more quickly, signalling strong buyer interest.
Buyer and Seller Insights: What Do These Trends Mean for You?
Whether you’re a buyer or a seller in Edmonton, understanding these trends is essential for making the best decisions in the current market. Below are some insights to help you navigate the market based on the latest data.
For Buyers:
Act Quickly: With homes selling faster and the days on market decreasing by nearly a third, it’s important for buyers to act quickly when they find a property they’re interested in. Be prepared to make offers swiftly, as homes are no longer sitting on the market for long periods.
Consider Affordability: While home prices are on the rise, some buyers may find it challenging to meet the new asking prices. It’s essential to evaluate your budget and financing options to ensure that you can afford the higher prices, particularly in more desirable neighbourhoods.
Work with a REALTOR®: With fewer homes available and the competitive nature of the market, it’s a good idea to work with an experienced REALTOR® who can help you navigate the process and find the best homes within your budget. A knowledgeable agent can also provide insights into neighbourhoods and help you stay ahead of the competition.
For Sellers:
List Now: The current market is favourable for sellers, with a rising average sale price and homes selling close to or above their asking prices. If you’re thinking about selling, now could be an ideal time to list your home, as you may be able to secure a strong sale price.
Price Your Home Competitively: While homes are selling close to asking price, it’s still crucial to price your home competitively. Working with your REALTOR® to determine a realistic asking price based on current market conditions will help ensure your property attracts the right buyers.
Prepare for a Quick Sale: With homes selling faster, be ready for a quick turnaround once your property is listed. This may require having all necessary paperwork and inspections done ahead of time, allowing you to close the sale smoothly and efficiently.
What’s Driving the Demand for Detached Homes in Edmonton?
Several factors contribute to the ongoing demand for detached homes in Edmonton. These factors create a thriving market for single-family homes, making it an attractive location for both buyers and sellers.
Population Growth: Edmonton continues to experience population growth, with many people relocating to the city for its job opportunities, affordable living, and high quality of life. As more people move to Edmonton, the demand for housing, especially detached homes, continues to rise.
Attractive Neighbourhoods: Edmonton is home to many desirable neighbourhoods that are ideal for families and individuals seeking a suburban lifestyle. These neighbourhoods offer access to parks, schools, and essential amenities, making detached homes particularly attractive to buyers looking for space and a family-friendly environment.
Economic Stability: Edmonton’s economy remains strong, with key industries such as oil, gas, and technology driving growth. This economic stability contributes to a steady demand for real estate, particularly for detached homes.
The Future of Edmonton’s Detached Home Market
Looking ahead, the Edmonton detached home market is likely to continue experiencing growth, albeit at a more gradual pace. With home prices steadily increasing and more buyers entering the market, the demand for detached homes will remain strong.
However, as prices rise, it’s possible that the market will experience some cooling, particularly if affordability becomes a larger issue for buyers. Even so, the long-term outlook for Edmonton’s detached home market remains positive, as the city continues to attract new residents and offer opportunities for those looking to invest in real estate.
Conclusion: The Edmonton Detached Home Market in 2025
The Edmonton detached home market in early 2025 is robust, with increasing prices and homes selling more quickly. While there has been a decrease in the number of sales, the rising prices and strong demand suggest that the market remains strong. For both buyers and sellers, understanding these trends and working with an experienced REALTOR® will ensure the best outcomes in this dynamic market.
If you’re interested in buying or selling a detached home in Edmonton, contact Christina Reid today to get expert advice and guidance tailored to your specific needs.
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 single family homes in Edmonton CONTACT CHRIS REID
Parkland County Acreage Market Overview: February 2025
The Parkland County acreage market for 2025 is proving to be a dynamic year for this rural area just outside Edmonton. Known for its expansive properties, quiet countryside, and close proximity to the city, Parkland County is a top choice for those seeking more space, privacy, and the opportunity to embrace a rural lifestyle. As the market evolves, understanding the latest trends and statistics is key for both buyers and sellers to make informed decisions.
In this blog, we will dive deep into the market performance for February 2025, breaking down key statistics and what they mean for prospective buyers, sellers, and investors in the Parkland County acreage market.
Parkland County Acreage Market Snapshot: February 2025
Here are the core statistics for the Parkland County acreage market as of February 2025:
Sold Properties: 37 sold, a 2.78% increase month-over-month, but a 12.50% decrease year-to-date compared to 2024.
Average Asking Price: $663K, a 7.29% decrease from the same time in 2024.
Average Sale Price: $819K, a 40.36% increase from February 2024.
New Listings: 77 new listings, showing a 5.48% increase from the previous year.
Days on Market Until Sale: 195 days, a 10.17% increase from February 2024.
Average Ask to Sell Ratio: 0.992, reflecting a 4.45% increase from the previous year.
Each of these statistics tells a story of an evolving market with both opportunities and challenges for buyers and sellers alike. Let’s dive deeper into what each of these figures means for the market.
Below Graphs Are Interactive
Parkland County Acreage Listings
In February 2025, 77 new listings were added to the Parkland County acreage market, marking a 5.48% increase in new inventory compared to February 2024. This uptick in new listings is a positive sign for buyers, as it indicates that more acreage properties are becoming available for purchase. However, the increase in listings doesn’t always correspond to a spike in sales, as we see with the 12.50% year-to-date decrease in properties sold.
The rise in new listings may be driven by:
Seller Confidence: Despite the longer days on market, sellers might still feel confident in listing their properties due to the overall price increase. With an influx of new buyers looking for rural homes, many owners are choosing to put their properties on the market.
Market Saturation: There could be an increase in sellers wanting to take advantage of higher prices before market conditions change. As more properties enter the market, it’s crucial for sellers to ensure their properties stand out through competitive pricing and effective marketing.
For buyers, this increase in new listings means more options to choose from, but it also requires careful consideration of which properties align with their needs and budget.
Average List Price
The average asking price for acreage properties in Parkland County dropped to $663K in February 2025, which represents a 7.29% decrease from the previous year. This decline in the asking price might seem contradictory at first, especially given the price increase in the average sale price. However, this decrease could be indicative of several factors:
Price Adjustments: Sellers may be adjusting their expectations in response to the longer days on market and fewer properties selling. Overpricing can result in properties lingering on the market for longer periods, so sellers may be lowering prices to make their properties more appealing to buyers.
Price Strategy: In some cases, sellers may start their asking prices higher to account for negotiation room, only to adjust as offers come in. This tactic can create the illusion of a price drop while still allowing sellers to achieve their desired final sale price.
Market Realignment: With fewer sales taking place, the overall pricing trend may reflect a market correction, where sellers who overvalued their properties initially are adjusting to a more balanced market, responding to the decreasing number of sales.
Parkland County Acreage Sales
In February 2025, there were 37 properties sold, marking a 2.78% increase from the same month in 2024. While this increase is modest, it reflects some positive movement in the market. However, when we look at the year-to-date data, there was a 12.50% decrease in the number of properties sold in 2025 compared to the previous year, with only 56 properties sold in the first two months of 2025 compared to 64 properties in the same period in 2024.
This slight dip in sales volume suggests that while there’s demand for acreages, buyers are perhaps becoming more selective, or it could be a result of the higher property prices. Fewer buyers may be able to afford or are willing to pay the increased asking prices, which could be a factor in the reduced sales volume. Sellers will need to ensure their properties are priced competitively to attract the right buyers in a market where fewer properties are changing hands.
December 2024 Parkland County Average Sale Price
The average sale price for acreage properties in February 2025 hit $819K, marking a significant 40.36% increase from the same month in 2024. This sharp increase suggests that the overall value of acreage properties is rising, even though fewer properties are being sold. A few contributing factors to this increase include:
High Demand for Larger Properties: The trend towards rural living continues, particularly in the wake of the COVID-19 pandemic. Buyers are seeking more space and privacy, which has driven up the price for larger plots of land.
Scarcity of Acreages: As the number of available acreages on the market has decreased, this limited supply drives up prices. The market remains competitive, with fewer available listings and increased buyer interest, which results in higher sale prices.
Quality of Listings: Higher sale prices could also be a reflection of the types of properties being sold. Luxury and high-end acreages with desirable features such as larger homes, scenic views, or farmland may be skewing the sale prices higher. Buyers are likely willing to pay more for these premium properties, contributing to the overall price increase.
Even with a decrease in sales volume, the 40.36% rise in average sale price signals that the market remains robust for sellers who are pricing their properties correctly and presenting them well to potential buyers.
Ask to Sell Ratio: A Positive Trend for Sellers
The average ask to sell ratio stands at 0.992, which represents a 4.45% increase from the previous year. This ratio is a positive indicator for sellers, as it shows that properties are generally selling close to their asking price, even with longer days on market.
A high ask-to-sell ratio typically indicates that the market is favouring sellers, as buyers are willing to pay a price close to the seller’s initial asking price. This is a good sign for sellers who price their properties correctly and manage expectations effectively.
Parkland County Acreage Days on MLS®
The average days on market until a sale is completed in February 2025 is 195 days, which represents a 10.17% increase from the previous year. This means that properties are taking longer to sell, indicating that buyers may be more cautious and selective in a market where prices are rising.
Several reasons may contribute to the longer sales cycles:
Increased Prices: Higher asking prices often result in longer wait times as buyers take longer to assess the value of the property. The rise in asking prices, paired with the longer days on market, suggests that buyers are carefully evaluating whether properties are priced fairly.
Demand and Supply Imbalance: While there is strong demand for rural properties, the higher price tags might limit the pool of buyers, thus extending the time it takes to find a match. Sellers may need to be patient and realistic about the pricing and timing of their sale.
Sellers should be prepared for a potentially longer wait for a buyer, which emphasizes the importance of patience and setting realistic expectations for their sale.
Conclusion: Parkland County Acreages in 2025
The acreage market in Parkland County is showing signs of strength in 2025, with rising prices and increased listings, although sales volumes have decreased. While buyers may face higher prices and longer wait times, the market remains attractive for those looking for a peaceful, rural lifestyle. Sellers can still capitalize on higher sale prices, but they should expect longer selling cycles and be prepared for a more competitive market.
For both buyers and sellers, understanding the current trends and working with an experienced agent is essential to navigating the Parkland County acreage market successfully.
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
Edmonton Real Estate Market Update – February 2025
The Edmonton real estate market continues to experience significant fluctuations as we move into 2025. With a mix of price increases, rising new listings, and shifting sales activity, both buyers and sellers need to stay informed to make the most of the market. In this blog, we’ll break down the latest trends in Edmonton’s housing market for February 2025 and what you can expect in the coming months.
Market Overview: A Mixed Start to 2025
The overall picture of Edmonton’s real estate market as of February 2025 shows some mixed signals, but with generally positive signs for homeowners and sellers. While there has been a slight decrease in the number of homes sold compared to the same period last year, key metrics such as average sale prices, the number of new listings, and the time on the market have all shown strong growth.
Below Graphs Are Interactive.
Edmonton New MLS® Listings
The number of new listings in Edmonton has also seen a notable increase. In February 2025, 2.19K new listings were added to the market, reflecting a 6.88% increase compared to February 2024. This is part of a broader trend in Edmonton’s housing market, where new listings have increased by 13.56% year-over-year, with a total of 4.21K new listings year-to-date.
What Does This Mean for Buyers and Sellers?
For buyers, the increase in new listings is a welcome development. It provides more options in a market that has been increasingly competitive. However, with more homes entering the market, it’s important to move quickly when you find a property you like, as desirable homes may still be sold relatively quickly.
For sellers, the increase in listings means that competition is rising. While demand remains high, it’s essential to ensure that your home stands out in a crowded marketplace. Proper pricing, staging, and marketing strategies will be key to attracting the right buyers and securing a fast sale.
Average List Price Edmonton Real Estate Market
One of the most telling trends in the Edmonton real estate market for February 2025 is the strong increase in average list prices. The average asking price for homes in the city reached $496K in February 2025, marking a 9.12% increase compared to February 2024, when it was $456K. This steady rise in list prices is a key indicator of a market that is not only recovering but growing in value.
What’s Driving the Increase in Average List Price?
Several factors are contributing to the steady climb in Edmonton’s average list prices. From a high demand for homes to a limited inventory of properties, the reasons behind this price increase are multifaceted. Let’s break down some of the key influences:
1. Demand Outpacing Supply
One of the fundamental forces behind rising prices is the supply-and-demand imbalance in Edmonton’s real estate market. While the number of new listings is increasing (up 6.88% year-over-year), the inventory of available homes is still not enough to meet the strong demand. The demand for homes is driven by factors like:
Population Growth: Edmonton continues to attract new residents, from young professionals and families to retirees. With its diverse economy, robust job market, and excellent amenities, more people are choosing Edmonton as their place to live, which increases demand for housing.
Economic Growth: Edmonton’s economy remains strong, fuelled by industries such as oil, gas, technology, and services. This economic strength contributes to higher employment rates, more disposable income, and an overall increased demand for housing.
Investor Activity: The real estate market is attractive to investors looking for rental properties. With rising rental rates and strong demand for rentals in the city, investors are eager to buy homes, contributing to upward pressure on prices.
2. Limited Inventory
While the number of new listings in Edmonton has increased, inventory levels are still lower than what is needed to keep up with demand. Many potential sellers may be holding off on listing their homes due to the market’s unpredictability, leading to fewer options for buyers. With fewer properties to choose from, those that are listed tend to command higher prices, as buyers are willing to compete for the limited supply.
Low Housing Stock in Popular Neighbourhoods: Certain areas of Edmonton, particularly desirable neighbourhoods such as downtown, West Edmonton, and the River Valley, remain highly sought after. Homes in these areas are especially competitive, and this drives prices higher for both new and resale properties.
New Construction Trends: The price of new construction homes has also risen. With building materials and labor costs increasing, new homes are being priced at a premium. This increase in new home prices directly affects the overall list price in Edmonton.
3. Interest Rates and Financing
While interest rates can fluctuate, they remain relatively favourable compared to historical averages. Low mortgage rates make homeownership more affordable for many buyers, which in turn fuels demand and leads to higher prices. Buyers are willing to stretch their budgets in order to take advantage of these rates before they increase, which has further contributed to rising asking prices.
Pre-Approval and Mortgage Competition: More buyers are getting pre-approved for mortgages, increasing their purchasing power and allowing them to compete for homes at higher price points. Additionally, mortgage competition among lenders helps to keep rates relatively low, which sustains higher home prices.
4. The Attraction of Edmonton’s Market
Edmonton is known for its affordability compared to other major Canadian cities like Vancouver and Toronto. While prices are rising, they are still considered reasonable when compared to the cost of homes in other metropolitan areas. As more people are priced out of expensive cities, they are looking to Edmonton as a more affordable option with many of the same amenities, further driving the demand for housing.
What Does This Mean for Buyers?
For buyers, the increase in average list prices means that it’s essential to act quickly when you find a home that meets your needs and budget. With prices climbing steadily, it’s likely that homes will continue to become more expensive as time goes on. If you’ve been waiting for the “perfect” property, it may be time to adjust your expectations or budget to keep pace with the market.
Here are some tips for navigating a market with rising list prices:
Get Pre-Approved for a Mortgage: With increasing list prices, having a clear understanding of your budget is more important than ever. Getting pre-approved for a mortgage will give you the confidence to make competitive offers when you find the right home.
Stay Informed: Stay up to date on local market trends and price increases. Work with a real estate agent who has deep knowledge of the Edmonton market and can advise you on pricing trends and which neighborhoods are currently undervalued.
Be Prepared for Competition: As demand continues to exceed supply, many properties will be sold quickly, and multiple offers are common. Be prepared to make quick decisions and potentially compete with other buyers to secure your home.
What Does This Mean for Sellers?
For sellers, the increase in average asking prices presents a significant opportunity. Homes are retaining their value, and the rising list prices reflect strong demand for properties across the city. If you’ve been considering selling, now could be an opportune time to list your home.
Here are some strategies to take advantage of the rising list prices:
Price Competitively: While prices are rising, it’s important to price your home correctly. Listing too high can result in extended time on the market, while pricing your home too low may leave money on the table. Working with an experienced real estate agent will help you set the right price.
Prepare Your Home for Sale: Homes that are well-maintained and staged tend to sell faster and for higher prices. Investing in some home improvements or staging can make a significant difference in how much you can ask for your home.
Market Your Property Effectively: In a competitive market, it’s essential to make sure your property stands out. High-quality photos, virtual tours, and strong online marketing strategies are crucial for attracting potential buyers.
Looking Ahead: What’s Next for Average List Prices in Edmonton?
While predicting the future of real estate prices is always challenging, the upward trend in average asking prices indicates that Edmonton’s real estate market will continue to see price increases in the near future. The strong demand, limited inventory, and attractive financing options will likely keep home prices on the rise.
That said, it’s important to keep an eye on economic factors that could impact prices, such as interest rate changes, shifts in employment rates, or changes in government policies regarding housing. Buyers and sellers alike should remain informed about these external factors to better anticipate how the market might evolve.
Home Sales In The Edmonton Real Estate Market
In February 2025, Edmonton saw a 6.45% decrease in the number of homes sold compared to the same period in 2024. A total of 1.35K properties were sold, down from 1.44K in February 2024. While this represents a drop in the number of transactions, it’s important to keep in mind that the overall number of properties sold in 2025 is still relatively strong, with 2.62K properties sold year-to-date, reflecting a 3.76% increase from last year.
Several factors could explain this slight decrease in sales activity. Firstly, the time of year could play a role. Traditionally, the market tends to slow down in the winter months, with fewer people looking to move during this time. Secondly, rising prices may have priced some buyers out of the market, leading to a natural decrease in transactions. Despite this, the year-to-date figures show an upward trend, indicating that overall, the market remains active and healthy.
For buyers, the slight decline in sold properties could present an opportunity to enter the market, especially if you’re looking for less competition. However, homes that are priced well and in desirable areas will continue to attract strong interest.
For sellers, the market remains strong, especially with the price increases in the average sale price and asking prices. While the number of homes sold may have decreased, homes that are well-priced and marketed continue to see quick sales, especially with the average sale-to-ask ratio of 99.3%.
Edmonton Average Home Sale Price
The most significant highlight of the February 2025 real estate market in Edmonton is the strong increase in average sale prices. The average sale price in February 2025 reached $422K, marking a 10.81% increase compared to February 2024, when it was $380K. This increase aligns with a broader trend seen throughout Edmonton’s real estate market in recent months.
Why Are Prices Rising?
The consistent rise in prices can be attributed to several factors:
Demand Outpacing Supply: Despite the slight dip in sales, demand for homes in Edmonton remains high. New listings continue to rise, but inventory is still tight, particularly in popular neighbourhoods. This imbalance between supply and demand is one of the primary drivers of rising prices.
Interest Rates: Although interest rates have seen some fluctuations in recent months, they remain favourable for buyers. This continues to encourage those who are in the market to purchase homes before rates rise further.
Investor Activity: Edmonton’s real estate market remains attractive for investors due to its strong rental demand and relatively affordable home prices compared to other major cities in Canada. This interest from investors helps to keep prices elevated in certain segments of the market.
Population Growth: Edmonton continues to experience steady population growth, bringing in new residents who require housing. As more people move to the area for work, family reasons, or lifestyle changes, the demand for homes increases, further driving up prices.
For buyers, the price increase means that entering the market may become more expensive as time goes on. It’s crucial to set a budget early, work with a professional to navigate the market, and potentially lock in financing before prices rise even further.
For sellers, this is good news as you’re likely to see a strong return on your investment if you decide to sell. Homes are retaining their value, and the increase in the average sale price suggests that you can expect to get closer to your asking price if your home is priced competitively and in good condition.
Ask-to-Sell Ratio: Homes Selling Close to Asking Price
In February 2025, the ask-to-sell ratio was 99.3%, meaning that homes are selling for just under their asking prices. This represents a 1.07% increase from the previous year, where the ratio stood at 98.9%. This higher ratio indicates that homes are selling closer to their asking price, signalling a competitive and healthy market.
What Does This Mean for Buyers and Sellers?
For buyers, it’s important to know that many homes are selling for close to or over their asking prices. This means that you’ll need to be competitive in your offers, especially in high-demand areas. Work with a skilled real estate agent who can help you craft strong offers that align with current market expectations.
For sellers, the higher ask-to-sell ratio means that you’re more likely to achieve your asking price. If your home is priced right and presented well, you’ll likely receive strong offers that come close to your initial asking price.
Edmonton Real Estate Market -Average Days
In February 2025, the average number of days on market until sale dropped significantly. Homes are now selling in an average of 58 days, a 26.58% decrease from the 66 days it took in February 2024. This is a clear indicator that homes are moving faster, as buyers are more eager to secure properties in a competitive market.
Why Are Homes Selling Faster?
The decrease in days on market can be attributed to several factors:
Increased Demand: As mentioned earlier, buyer demand remains high, which leads to quicker sales. Properties that are priced correctly and in desirable locations tend to sell faster, with multiple offers often driving up the pace of transactions.
Pricing Strategy: Sellers are becoming more adept at pricing their homes correctly from the outset. Homes that are priced realistically are seeing faster offers, leading to shorter days on market.
Condition and Marketing: Homes that are well-maintained, staged, and professionally marketed tend to sell more quickly. Buyers are more likely to make an offer on a property that looks move-in ready and is presented in the best possible light.
For buyers, this means that it’s critical to act fast. Homes are not staying on the market long, so when you find a property that fits your criteria, be ready to make an offer quickly.
For sellers, the decrease in days on market is a positive sign. Homes are moving faster, so you can expect to sell quickly if your property is priced right and in good condition.
Final Thoughts: Navigating Edmonton’s Real Estate Market in 2025
The Edmonton real estate market in February 2025 presents a mix of challenges and opportunities for both buyers and sellers. While the number of homes sold has slightly decreased, prices are on the rise, and properties are selling faster. With an increase in new listings, there are more options for buyers, but competition remains strong.
For buyers, it’s important to stay proactive and act quickly. With rising prices, homes may become more expensive, so moving sooner rather than later could help you secure the home you want. For sellers, the market remains favourable, with increasing prices and quick sales.
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.
Spruce Grove Real Estate Market: February 2025 Update
As we progress through 2025, Spruce Grove’s real estate market continues to experience shifts that both buyers and sellers should be aware of. Understanding the trends, property values, and overall market dynamics is crucial when navigating this rapidly evolving landscape. This February 2025 market update offers in-depth insights into what’s happening in Spruce Grove and how it can impact your real estate decisions. Whether you are buying, selling, or investing, it’s important to stay informed about these key developments.
Spruce Grove Market Overview: February 2025
Spruce Grove has seen continued growth and changes in its real estate market, with a mix of both positive trends and slight slowdowns. As we look at the data from February 2025, several noteworthy patterns emerge, indicating a market that is still active but beginning to balance itself in certain areas.
The below graphs are interactive
New MLS® Listing Count
The number of new listings has remained steady, with 130 new properties coming onto the market in February 2025. Year-to-date, listings are up by 7.76%, with 250 listings so far, compared to 232 listings in 2024. This increase in inventory suggests that more sellers are taking advantage of the market conditions to list their homes.
Average Listing Price in Spruce Grove
In February 2025, the average asking price for homes in Spruce Grove rose to $498,000, marking an 18.13% increase from the same month in 2024. Year-to-date, the average asking price is up by 20.85%, reaching $525,000, up from $434,000 in 2024. This growth reflects the increasing value of properties in Spruce Grove and its growing appeal to homebuyers.
Home Sales Spruce Grove
There were 80 properties sold in February 2025, which is a 10.11% decrease compared to February 2024. However, year-to-date, the total number of properties sold is up by 5.67%, with 149 sold properties compared to 141 in 2024. This shift in monthly sales indicates that while activity has slowed slightly from the beginning of 2024, the overall market remains strong.
Spruce Grove Average Home Sale Price
Homes in Spruce Grove are selling for higher prices. The average sale price in February 2025 was $495,000, reflecting a 29.76% increase from February 2024. Year-to-date, the average sale price has increased by 23.18%, reaching $476,000, compared to $387,000 in 2024. This upward trend underscores the strong demand for homes in the area.
Ask to Sell Ratio: The average ask-to-sell ratio has been positive, with homes selling at 1.001 times their asking price, marking a 1.66% increase from the previous year. This ratio indicates that properties are generally selling at or above their listed price, further highlighting the competitiveness of the market.
Days on Market Until Sale
The average number of days on market has increased slightly, from 71 days in 2024 to 76 days in February 2025, representing an 11.76% rise. While this shows a slight slowing of market activity, homes are still selling relatively quickly, and the overall pace remains faster than in previous years.
What This Means for Buyers
For buyers, Spruce Grove’s real estate market offers a mix of opportunities and challenges. While the average sale price continues to rise, there are still homes available across a range of price points. The slightly longer days on market may give buyers more time to consider their options and make informed decisions.
However, with an increase in both listings and prices, it’s important to be prepared for competition. Spruce Grove remains a sought-after community, and homes are still selling at or above asking price in many cases. Buyers should come prepared with a solid understanding of their budget, financing options, and be ready to act quickly when they find the right home.
Working with a local REALTOR® who understands the nuances of the market can help buyers navigate the increasing prices and ensure that they are making sound investment decisions. Additionally, being flexible with specific home features or property location can give buyers a competitive edge in a market where desirable homes are moving quickly.
What This Means for Sellers
Sellers in Spruce Grove are in a favourable position as the market continues to experience rising home values. With prices trending upward and the ask-to-sell ratio above 1.0, sellers can expect to receive strong offers, often at or above their asking price. The market conditions are ideal for sellers looking to make a move, but it’s still important to price properties correctly and present them well to maximize the return on investment.
Even though homes are selling at a higher price, sellers need to be strategic in pricing. Overpricing a property in such a competitive market can lead to extended days on market and fewer showings. Homes that are priced appropriately and in good condition tend to sell faster and often attract multiple offers, which can drive up the final sale price.
For sellers considering moving up to a larger home or downsizing, the strong market offers an excellent opportunity to make that transition. With more listings entering the market, there are more options available, allowing sellers to find their next home without feeling rushed.
Spruce Grove’s Real Estate Trends to Watch in 2025
As we move deeper into 2025, several key trends will likely continue to shape the Spruce Grove real estate market. These trends provide valuable insight for both buyers and sellers looking to make the most of the current market conditions.
1. Continued Price Growth
The upward trend in home prices is expected to continue throughout 2025. With strong demand, limited supply, and the overall appeal of Spruce Grove as a family-friendly community, home values are projected to rise steadily. This means that both buyers and sellers will need to adjust their strategies accordingly.
2. Increased Inventory
While listings have remained relatively steady, the slight increase in new listings suggests that more homeowners are choosing to sell. This increase in inventory will provide buyers with more choices but also adds more competition among sellers. Buyers may find more options to choose from, but they will still need to act quickly to secure desirable properties.
3. Market Balance
Though there’s been a slight slowdown in monthly sales, the overall year-to-date growth suggests that the market may be stabilizing after a period of rapid acceleration. The increase in days on market and the slight dip in monthly sales could indicate that the market is finding a more sustainable pace, which can benefit both buyers and sellers by providing more breathing room.
4. Development and Growth
Spruce Grove continues to experience development and growth, making it an attractive location for buyers looking for new homes. With ongoing residential and commercial developments, Spruce Grove’s growth potential remains high. For those considering long-term investments, the area’s development could offer significant value appreciation in the coming years.
Final Thoughts: Why Spruce Grove is Still a Hot Market in 2025
Spruce Grove remains a vibrant and growing real estate market in 2025, offering opportunities for both buyers and sellers. While prices are rising, and the market remains competitive, it’s important to keep in mind the long-term value of investing in this flourishing community. Buyers who act quickly and wisely can still secure properties at competitive prices, while sellers can take advantage of the strong demand to maximize their home sale.
For anyone looking to buy, sell, or invest in Spruce Grove, working with an experienced local REALTOR® is essential. An expert can provide valuable insights, help navigate the intricacies of the market, and ensure that all transactions go smoothly.
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.
Stony Plain Real Estate Market Update | February 2025: Trends, Insights, and Opportunities
The Stony Plain real estate market, is becoming an increasingly attractive destination for homebuyers and investors alike. As the market continues to evolve, it’s crucial to stay informed about the latest trends and insights. Whether you’re a potential buyer, seller, or investor, understanding the current market dynamics in Stony Plain will help you make better decisions. In this blog, we’ll explore the key statistics from February 2025, how they compare to last year, and what they mean for anyone involved in the Stony Plain real estate market.
Below Graphs Are Interactive
Stony Plain Real Estate – New MLS® Listings
There were 53 new listings in February 2025, representing a 17.78% increase compared to February 2024.
The increase in new listings offers more options for buyers, and it highlights the growing interest in the Stony Plain real estate market. Buyers can expect a greater variety of homes to choose from, although demand may still outpace the supply in some segments.
Average Asking Price of Homes in Stony Plain
The average asking price for homes in Stony Plain reached $633,000 in February 2025, showing a significant 61.57% increase from the previous year.
This dramatic rise in asking prices signals that sellers are confident in the market, and higher-priced homes are increasingly prevalent in Stony Plain. With this increase, it’s important for buyers to understand the premium on properties, especially in desirable neighbourhoods.
Stony Plain Home Sales
32 properties sold in February 2025, representing a 3.03% decrease from February 2024. However, on a year-to-date basis (YTD 2025), there has been a 12.90% increase in the number of properties sold compared to the same period last year, which indicates a strong overall demand in the market. Despite a slight slowdown in February, the market remains robust and competitive.
Average Home Sale Price
The average sale price for homes in Stony Plain was $429,000 in February 2025, marking a 24.22% increase from the previous year.
The rise in sale prices is an indicator that the market is appreciating, which benefits sellers but may require buyers to be more strategic with their offers. This price hike further solidifies the trend of rising home values in the area.
Ask-to-Sell Ratio
The average ask-to-sell ratio for February 2025 was 1.004, reflecting a 1.56% increase from the same month last year.
An ask-to-sell ratio over 100% indicates that, on average, homes are selling for more than their asking price, which is another sign of a hot market where demand is outpacing supply.
Average Days on Market
Homes in Stony Plain are selling faster, with an average of 57 days on the market in February 2025, representing a 27.85% decrease compared to February 2024.
The decreased days on market is a sign of increased buyer activity and competition. Buyers will need to act quickly when they find a property they like, as homes are moving faster than before.
Understanding the Stony Plain Market: Buyer Insights
For homebuyers looking to purchase in Stony Plain, the current market presents both opportunities and challenges. On one hand, the increase in new listings provides a wider selection of properties, allowing buyers to find homes that meet their needs. However, with asking prices and sale prices increasing significantly, buyers will need to be prepared to act quickly and possibly face higher competition, especially for well-priced homes in desirable locations.
The reduction in days on market is another factor for buyers to consider. Homes are selling faster, which means that waiting too long to make an offer could result in missing out on a property. Buyers should come prepared with pre-approval for financing, a clear idea of their budget, and flexibility in their expectations to stay competitive.
For buyers hoping to negotiate prices, it’s essential to understand that the market is skewed in favour of sellers, given the high ask-to-sell ratio. Buyers may need to adjust their strategies accordingly, such as making strong offers close to asking prices or focusing on homes that have been on the market for a longer time.
Seller Insights: Maximizing Your Home Sale in Stony Plain
For sellers in Stony Plain, the market is favoruable in 2025. With the average asking price up by over 60%, homeowners can expect higher returns on their properties compared to previous years. The significant increase in new listings and the competitive nature of the market mean that pricing strategies will be crucial.
Pricing a home correctly is essential to attract serious buyers. Overpricing could result in a property lingering on the market, while underpricing might mean leaving money on the table. Sellers should work closely with their real estate agent to determine a competitive but realistic asking price based on the latest market trends and comparable sales in the area.
Additionally, sellers can benefit from the increased demand and reduced days on the market. Homes are selling faster, which means sellers can expect quicker transactions. However, they should still ensure their properties are in excellent condition, as buyers are becoming more discerning.
Staging, professional photography, and marketing are more important than ever in a competitive market. Homes that look their best are more likely to attract multiple offers, and with the ask-to-sell ratio above 100%, sellers have the potential to secure offers above their asking price.
Investment Opportunities in Stony Plain
Stony Plain has become a hotspot for real estate investors due to its growing popularity and proximity to Edmonton. With the rise in both asking and sale prices, investing in Stony Plain properties could yield strong returns. Investors looking for rental properties may also benefit from the growing demand for housing, as more people are choosing to live in the area while working or studying in Edmonton.
For those considering flipping homes, the increasing sale prices present an opportunity to purchase undervalued properties, renovate, and resell for a profit. However, investors must be strategic about their choices, taking into account the local amenities, transportation options, and community features that make certain properties more attractive than others.
With the current market trends, Stony Plain is an area with significant potential for long-term growth and profitability, both for individual homeowners and investors alike.
Why Choose Stony Plain?
Stony Plain offers a unique living experience that combines small-town charm with the amenities and conveniences of a larger city. Residents enjoy a tight-knit community, excellent schools, and access to outdoor activities, making it an ideal place to raise a family or retire. Additionally, its proximity to Edmonton means that residents have easy access to all the services, employment, and cultural opportunities the city offers while living in a more peaceful, suburban environment.
As a growing community, Stony Plain has seen improvements in infrastructure, with new developments continuing to make the area more attractive to new buyers. From well-established neighbourhoods to new developments, there’s something for everyone in Stony Plain, whether you’re looking for a cozy starter home, a larger family property, or an investment opportunity.
What’s Next for the Stony Plain Real Estate Market?
Looking ahead, the Stony Plain real estate market will likely continue its upward trajectory throughout 2025. While the market may experience some fluctuations, the overall trend of rising home values and increased demand for housing is expected to persist. Sellers will continue to benefit from a favourable market, while buyers may need to navigate higher prices and more competition.
The key to success for both buyers and sellers in Stony Plain is staying informed. Market conditions can change quickly, and being proactive will allow you to make decisions that align with your goals. For buyers, being prepared to act quickly and making strong offers will be essential, while sellers should focus on pricing their homes strategically and marketing effectively.
Conclusion
The Stony Plain real estate market in 2025 is one of growth, opportunity, and competition. With rising home values, increased demand, and faster sales times, the market presents an exciting environment for both buyers and sellers. Whether you’re considering purchasing your first home, moving up to a larger property, or investing in real estate, Stony Plain offers a promising future. By staying informed, working with a trusted real estate professional, and taking advantage of current trends, you can successfully navigate the Stony Plain real estate market and achieve your goals.
If you’re considering buying or selling in Stony Plain, contact Christina Reid, REALTOR®, for expert guidance and personalized service.
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.
Rural Strathcona County Acreage Market Update – February 2025
The rural Strathcona Countyacreage market has shown mixed trends in February 2025, offering both challenges and opportunities for potential buyers and sellers. Whether you’re considering purchasing an acreage for personal use, investment, or simply exploring the beautiful, tranquil landscapes of the area, understanding the current market dynamics is crucial for making well-informed decisions. This in-depth analysis of the Rural Strathcona County acreage market provides insights into key statistics and trends that are shaping the area in 2025.
The State of Rural Strathcona County Acreages: Overview
Rural Strathcona County is one of the most sought-after areas for those interested in acreages and larger properties. Its proximity to Edmonton offers the perfect balance of rural living with easy access to urban amenities. Whether you’re drawn to the expansive landscapes, agricultural potential, or simply the serenity of country living, acreages in this area have long been popular.
As of February 2025, the market shows both positive trends and some areas of slight decline, offering a comprehensive picture of what buyers and sellers can expect.
Bar graphs below are interactive
Strathcona County -Acreage Listings
New Listings: Decreased Inventory
Interestingly, the number of new acreage listings in February 2025 has decreased significantly. Only 26 new properties were listed, marking a 35.00% decrease from the 40 new listings in January 2025. This decrease in new listings is a concerning sign for buyers, as a smaller inventory typically leads to increased competition, particularly in an area as desirable as Rural Strathcona County.
Looking at the year-to-date figures, 60 new listings have come onto the market in 2025, which is a 24.05% decline compared to 79 new listings at the same point in 2024. As inventory levels shrink, buyers may face challenges in finding available properties, especially larger ones with desirable features like outbuildings or significant land.
Strathcona County – Average Acreage List Price
Average Asking Price: Rising Demand Pushes Prices Up
The average asking price for rural properties in Strathcona County has seen a notable increase. As of February 2025, the average asking price is $1.06M, which represents a 15.17% increase compared to $819K in February 2024. This surge in prices can be attributed to increasing demand for large properties that offer both a high quality of life and proximity to Edmonton.
The year-to-date average asking price for 2025 stands at $1.02M, up from $819K in 2024, indicating a 24.22% price hike. This upward trend in asking prices highlights the increasing desirability of acreages, making this a great time for sellers who want to capitalize on the rising market.
Strathcona County –Acreage Sales
Strong Increase in Sold Properties
In January 2025, 26 properties were sold in Rural Strathcona County, which marks an impressive 52.94% increase from the 17 properties sold in January 2024. This surge indicates a healthy market where buyers are actively engaging, making it a great time for sellers looking to get competitive offers on their properties.
Strathcona County Real Estate Market –Acreage Average Sales Price
Average Sale Price: Minor Dip in February 2025
While the asking prices have increased significantly, the average sale price in February 2025 has seen a slight decrease. The average sale price was $709K, reflecting a 3.12% decrease from February 2024, when the average sale price was $776K. This decrease may seem concerning at first glance, but it’s important to consider that asking prices are still higher than they were last year, suggesting that sellers are negotiating slightly less in the face of market realities.
The year-to-date average sale price stands at $776K, reflecting a 2.86% increase over 2024. This indicates that overall, acreage prices are still appreciating, even though there has been a minor decrease in sale prices during February 2025. For buyers, this could mean potential opportunities to negotiate in a seller’s market, while sellers can still expect to achieve a price that’s significantly higher than in previous years.
Ask to Sell Ratio: Stronger Seller Position
The average ask-to-sell ratio for Rural Strathcona County acreage properties is 0.998 in February 2025, which is a 2.56% increase from the 0.978 ratio in February 2024. This means that properties are selling for closer to their asking price compared to the previous year. A higher ask-to-sell ratio is a positive sign for sellers, indicating that their properties are being priced appropriately and that buyers are willing to meet these prices.
Strathcona County Acreage Average Days on Market
Days on Market: Homes Selling Faster in 2025
Homes are selling faster in Rural Strathcona County. As of February 2025, the average days on market until sale is 55 days, down by 9.84% compared to 115 days in February 2024. This is an encouraging sign for sellers, as it indicates that homes are selling faster than they were last year. The decreased time to sell is likely attributed to the reduced inventory and increasing demand for acreage properties.
The year-to-date days on market have decreased by 13.53% from 133 days in 2024 to 115 days in 2025. With fewer properties on the market, prospective buyers are increasingly acting quickly to make offers and secure properties, which is a reflection of the high demand and limited availability.
Whether you’re a first-time buyer, experienced investor, or looking to sell your property in Rural Strathcona County, it’s important to work with a knowledgeable REALTOR® who can guide you through the complexities of this dynamic market.
Market Outlook: What’s Ahead for Rural Strathcona County Acreages?
As we move into the spring months, the rural acreage market in Strathcona County is likely to experience continued demand, though there are some important factors to watch. The inventory situation remains tight, with fewer new listings coming to market, which means that competition among buyers will likely intensify. Sellers will benefit from strong market conditions and can expect a quicker sale with competitive offers.
However, buyers will need to be strategic. While asking prices have risen, the slight dip in sale prices for February may present an opportunity for buyers to negotiate favourable deals. It’s important to keep in mind that the market is still appreciating overall, and patience will be key for those looking to find the right acreage at the right price.
Tips for Buyers: How to Navigate a Competitive Market
Act Quickly: With fewer properties available, you’ll need to be prepared to make an offer quickly when a suitable acreage becomes available.
Get Pre-Approved: Secure a mortgage pre-approval to show sellers that you’re a serious buyer and can close the deal without delays.
Know Your Priorities: Have a clear idea of the features you want in an acreage property, such as the amount of land, outbuildings, and proximity to amenities.
Work with an Experienced REALTOR®: An experienced real estate agent can help you navigate this competitive market, find properties that meet your criteria, and negotiate the best deal.
Conclusion: A Booming Market for Rural Acreages in Strathcona County
The rural acreage market in Strathcona County has shown continued growth in 2025, with higher asking prices and increased demand. Although inventory has decreased, the market remains strong for sellers, and buyers may find opportunities in the slight dip in sale prices in February. Whether you’re looking to buy or sell, the Strathcona County acreage market offers promising prospects, and now is a great time to take advantage of the growing interest in rural properties.
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.
Among the most significant advancements in modern homes are Energy Star appliances, which are designed to reduce energy consumption, lower utility bills, and promote environmental sustainability. Energy efficiency is a top priority for homebuyers in Edmonton, particularly when choosing new construction homes. These appliances are an essential feature for anyone looking to save money and make eco-friendly choices in their new home.
What Are Energy Star Appliances?
Energy Star appliances are products certified by the Environmental Protection Agency (EPA) to meet strict energy-efficiency guidelines. They consume less electricity and water compared to standard appliances without sacrificing performance. Common examples include refrigerators, dishwashers, washing machines, dryers, ovens, and HVAC systems.
These appliances carry the recognizable Energy Star label, making it easy for consumers to identify them. For homeowners in Edmonton’s growing real estate market, opting for a home equipped with Energy Star appliances is a step towards reducing carbon footprints and achieving long-term savings.
Top Benefits
1. Significant Energy Savings
Energy Star appliances use up to 50% less energy compared to standard appliances. In Edmonton, where winters are long and utility bills can skyrocket, energy-efficient appliances can dramatically reduce electricity and gas consumption. For instance:
Energy Star refrigerators consume about 15% less energy than non-certified models.
Energy-efficient washing machines use approximately 25% less energy and 33% less water per load.
These savings translate into lower monthly utility bills, which is a major selling point for new homes in Edmonton.
2. Lower Environmental Impact
Edmonton homeowners are increasingly aware of their environmental responsibility. By choosing Energy Star appliances, they contribute to reducing greenhouse gas emissions. These appliances are designed to minimize energy waste, helping to combat climate change and support sustainability initiatives.
For example, an Energy Star-certified dishwasher not only uses less water but also cleans more effectively, reducing the need for pre-rinsing and conserving resources.
3. Enhanced Home Value
Energy-efficient features, are highly desirable in the Edmonton real estate market. Homes with these appliances are often perceived as more modern, environmentally conscious, and cost-effective.
When selling your new home in the future, having Energy Star appliances can:
Increase your property’s resale value.
Appeal to eco-conscious buyers seeking long-term savings.
Differentiate your home from older properties without energy-efficient upgrades.
4. Utility Rebates and Incentives
In Edmonton, homeowners can take advantage of government rebates and incentives for incorporating energy-efficient appliances into their homes. Programs like Canada’s Greener Homes Grant and Alberta’s energy efficiency initiatives may cover a portion of the costs associated with purchasing and installing these appliances.
By investing in Energy Star appliances during the construction phase, Edmonton homeowners can save upfront while reaping the benefits of reduced energy consumption in the long run.
5. Improved Performance and Longevity
Energy Star appliances are not only efficient but also built to higher quality standards. This means they:
Perform better: Advanced technology ensures optimal operation, such as quieter dishwashers and refrigerators that maintain consistent temperatures.
Last longer: Their durability reduces the need for frequent repairs or replacements.
For new homebuyers in Edmonton, this translates to fewer headaches and greater peace of mind.
6. Better Indoor Comfort
Certain Energy Star-certified appliances, such as HVAC systems and ventilation fans, contribute directly to the comfort of your home. For Edmonton’s varying climate, having energy-efficient heating and cooling systems ensures consistent indoor temperatures without driving up utility bills.
For instance:
Energy Star heating systems efficiently warm your home during Edmonton’s frigid winters while consuming less energy.
Energy-efficient air conditioners cool your home in summer without overloading the electrical grid.
7. Tax Benefits
In some cases, homeowners who invest in energy-efficient appliances may qualify for tax credits or deductions. Although tax benefits vary by region, incorporating Energy Star appliances can reduce the financial burden of homeownership.
New Edmonton homes equipped with these appliances may also meet the criteria for energy-efficiency certifications, further enhancing their appeal.
8. Contributing to a Greener Edmonton
As Edmonton continues to grow, initiatives to promote sustainability and reduce energy consumption are becoming increasingly important. By choosing Energy Star appliances, homeowners actively support the city’s vision of a greener future.
When new home developments integrate energy-efficient solutions, they not only reduce environmental impact but also align with Edmonton’s goals for energy conservation and innovation.
Common Appliances for New Homes
If you’re building or buying a new home in Edmonton, here are some must-have Energy Star appliances to consider:
Refrigerators: Energy-efficient models save power and maintain optimal food storage conditions.
Dishwashers: Modern designs use less water and energy while providing superior cleaning performance.
Washing Machines and Dryers: These appliances reduce water and energy usage with advanced settings.
HVAC Systems: High-efficiency heating and cooling systems lower energy costs year-round.
Water Heaters: Energy Star water heaters minimize heat loss and reduce utility bills.
Ovens and Ranges: Smart cooking appliances offer precise control while consuming less power.
How to Choose the Right Appliances for Your Edmonton Home
When selecting Energy Star appliances, keep the following tips in mind:
1. Look for the Energy Star Label
Ensure the product is certified and meets energy-efficiency standards.
2. Check the Energy Guide Label
This label provides details about energy consumption and estimated annual operating costs, helping you compare models.
3. Consider Your Home’s Needs
Select appliances that match the size, layout, and energy requirements of your home.
4. Prioritize Features
Choose models with features that align with your lifestyle, such as smart technology, quiet operation, or enhanced durability.
Why Edmonton New Homes Are Ideal for Energy Star Appliances
New construction homes in Edmonton are built with modern technologies and materials, making them the perfect match for energy-efficient appliances. Builders often prioritize sustainability, incorporating features like LED lighting, advanced insulation, and solar panels alongside Energy Star appliances to create energy-smart homes.
Conclusion
The benefits of Energy Star appliances in new homes are undeniable. From reducing utility bills to enhancing property value and supporting sustainability, these appliances are a worthwhile investment for Edmonton homeowners. As the city continues to expand, incorporating energy-efficient features into your home is not only a smart financial decision but also a contribution to a greener future.
When exploring Edmonton’s real estate market, prioritize homes with Energy Star-certified appliances or consult with builders to include them in your custom home. With the rising demand for energy efficiency, these appliances will ensure your home stands out while providing long-term benefits for you and the environment.
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