Listings • Listings • Listings • 12 April 2023

Discover Your Dream Rural Escape – 17.07 Acres of Land in Strathcona County, Alberta

by Christina Reid

If you’re looking for the perfect place to build your dream home, create a hobby farm, or simply escape the hustle and bustle of city life, look no further than this stunning 17.07-acre parcel of land in Strathcona County, Alberta.

Located just minutes from Sherwood Park, this gorgeous property offers the perfect mix of peaceful rural living and convenient urban amenities. With paved roads providing easy access to and from the land, you’ll enjoy the best of both worlds – a serene countryside setting and easy access to all the amenities you need.

As you explore the land, you’ll be greeted by a breathtaking landscape of rolling hills, mature trees, and picturesque fields. The natural beauty of the land provides the perfect backdrop for your dream home or hobby farm, with plenty of space to create your own private oasis.

Whether you’re looking to establish a small hobby farm, grow your own crops, or simply relax in the peace and tranquility of the countryside, this property has something for everyone. And with easy access to major highways, commuting to the city is a breeze – making this the perfect location for those who want to escape the city without sacrificing convenience.

In addition to its stunning natural beauty and convenient location, this property offers endless possibilities for customization and development. Whether you’re looking to build a luxurious custom home, create a sustainable homestead, or establish a small business, the sky’s the limit when it comes to realizing your dreams on this stunning 17.07-acre parcel of land.

So why wait? Discover your dream rural escape today, and start living the life you’ve always dreamed of. With its breathtaking beauty, convenient location, and endless possibilities, this property is the perfect place to call home. Contact Chris Reid today to learn more about this amazing opportunity!

ZONED DC49- Permitted Uses: dwelling, single group home, minor home business, minor*

Discretionary Uses: bed and breakfast, up to 4 sleeping units* dwelling, family care* residential sale centre*

It is a fundamental use criterion of this district that the parcel density shall not exceed 4 residential parcels, and that any proposed subdivision shall be consistent with any Conceptual Scheme adopted by resolution of Council for the lands.

CLICK HERE FOR LISTING INFORMATION

CLICK HERE FOR BEAVER HILLS AREA POLICY

CLICK HERE FOR ZONING INFORMATION

#RuralLiving #DreamHome #HobbyFarm #AlbertaRealEstate #PeacefulEscape #Customization

12 April 2023

Build at Lobstick Resort!

by Christina Reid

If you’re looking for a serene and rustic vacation spot in the heart of Alberta’s wilderness, Lobstick River Resort might just be the perfect destination for you.

The resort is situated in a beautiful area that is surrounded by trees and the winding Lobstick River.

One of the most popular activities at Lobstick River Resort is fishing at it’s privately owned and stocked trout pond.

During the winter months, Lobstick River Resort transforms into a winter wonderland, where you can enjoy snowshoeing, cross-country skiing, and snowmobile tours through the wilderness. The resort also offers hiking, biking and ATV trails for those who prefer to stay on dry land.

Lobstick River Resort is not just a place to visit, but also a place to live year round. The property is zoned for Country Residential District, allowing for short-term lodging, bed & breakfasts, small home businesses, manufactured homes, duplexes, and single-family homes. With its range of permitted uses, Lobstick River Resort is the perfect place to start your new business or build your dream home.

Whether you’re looking for a vacation spot or a new home, Lobstick River Resort has something for everyone. Come and discover the serenity of this beautiful country in Wildwood, Alberta.

CLICK HERE TO VIEW LISTING DETAIL

CLICK HERE FOR VIRTUAL TOUR

Listings • Listings • Listings • 12 April 2023

1303 Erker CR NW, Edmonton, AB

by Christina Reid

If you’re looking for an investment property that provides both long-term value and potential rental income, look no further than this half duplex with a legal basement suite in Edgemont, Edmonton.

One of the biggest benefits of investing in a property with a legal suite is the potential for rental income. In this case, the fully finished basement suite offers a separate living space that can be rented out to tenants OR you live in the basement and rent out the upstairs! Since the suite is fully legal and meets all necessary building codes.

The benefits of this property don’t stop there. The main floor of the half duplex offers a spacious and open-concept living area, perfect for entertaining guests or relaxing with family. The modern kitchen boasts stainless steel appliances, plenty of storage space, and a convenient breakfast bar, while large windows throughout the main floor allow natural light to flood the space, creating a warm and inviting atmosphere.

Upstairs, you’ll find three spacious bedrooms, including a luxurious master suite with a walk-in closet and en-suite bathroom. A second full bathroom and laundry room complete this level.

The fully finished basement suite that really sets this property apart. With a full kitchen, living area, bedroom, and bathroom, this suite is perfect for a tenant, in-law suite, or even a home office.

A private and partially fenced backyard, a single attached garage, and a location in the highly desirable neighbourhood of Edgemont, this property has everything an investor could ask for.

This half duplex with a legal basement suite is the perfect investment property for anyone looking to build long-term value. Don’t miss your chance to make this stunning property a part of your portfolio!

1303 Erker Flare Mortgage

CLICK HERE FOR LISTING INFO

CLICK HERE FOR VIRTUAL TOUR

Listings • Listings • Listings • Listings • 12 April 2023

15903 59ST NW EDMONTON

by Christina Reid

Are you in the market for a beautiful home in Hollick-Kenyon, Edmonton? Look no further than this stunning 2-storey home with a finished basement, needing some modern touches.

As soon as you step inside, you’ll be greeted by an open concept living area that’s perfect for entertaining guests or relaxing with your family. The kitchen boasts high-end appliances and plenty of storage, making it easy to whip up your favourite meals.

Upstairs, you’ll find spacious bedrooms that offer plenty of room for rest and relaxation. The finished basement is an added bonus, providing even more living space that could be transformed into a home theatre or game room.

The beauty of this home doesn’t stop inside. The backyard is beautifully landscaped and perfect for outdoor entertaining, with plenty of space for barbecues or relaxing on a sunny day.

This home is truly a gem needing to be updated in the Hollick-Kenyon community, offering the perfect combination of style and comfort. Don’t miss out on this amazing opportunity to make it your own.

CLICK HERE TO SEE LISTING

CLICK HERE FOR VIRTUAL TOUR

Uncategorized • Uncategorized • Uncategorized • Uncategorized • 11 April 2023

Canadian Foreign Buyer Ban Amendment

by Christina Reid

Amendments to the Foreign Buyer Ban For Vacant Land March 27, 2023

Repealing existing provision so the prohibition doesn’t apply to vacant land.

We are repealing section 3(2) of the regulations, so the prohibition does not apply to all lands zoned for residential and mixed use. Vacant land zoned for residential and mixed use can now be purchased by non-Canadians and used for any purpose by the purchaser, including residential development.

Exception for development purposes.

This exception allows non-Canadians to purchase residential property for the purpose of development. The amendments also extend the exception currently applicable to publicly traded corporations under the Act, to publicly traded entities formed under the laws of Canada or a province and controlled by a non-Canadian.

CLICK HERE FOR MORE INFORMATION ON THE FOREIGN BUYER BAN FROM CMHC

If you’re looking for a piece of rural paradise just 20 minutes away from the bustling city of Sherwood Park, look no further than these two parcels of land side by side in Strathcona County. With one site measuring 17.07 acres and the other 18.29 acres, you’ll have plenty of space to build your dream home or pursue your business goals.

The best part? Property taxes are under $20 a year, making this an incredibly affordable option for anyone looking to invest in real estate. With the DC49 zoning, you’ll have a range of permitted uses to choose from, including single-group homes, minor home businesses, and family care facilities.

If you’re looking to run a bed and breakfast, this zoning allows for a discretionary use of up to four sleeping units, giving you plenty of flexibility to accommodate guests.

CLICK HERE FOR ZONING INFORMATION ON THESE PROPERTIES

CLICK HERE FOR THE BEAVER HILLS POLICY AREA PLAN

But perhaps the most exciting part of owning these two parcels of land is the opportunity to create your own slice of paradise. With plenty of open space and room to roam, you can design and build your dream home, complete with all the features you’ve always wanted. Imagine waking up to breathtaking views of the countryside, with the peace and quiet of rural living at your fingertips.

Of course, you’ll also enjoy all the benefits of being just 20 minutes away from Sherwood Park. Whether you’re looking for shopping, dining, or entertainment options, you’ll have easy access to all the amenities of city living. When you’re ready to escape the hustle and bustle, you can retreat back to your own piece of rural heaven.

These two parcels of land offer an incredible opportunity to invest in real estate, build your dream home, or start a business in a stunning rural location just minutes from the city. With the flexibility of the DC49 zoning, the low property taxes, and the endless potential for customization and growth, this is a rare opportunity that’s not to be missed.

4 April 2023

Rural Parkland County Sales Stats Q1-2023

by Christina Reid

Rural Parkland County, has experienced some interesting market trends in the first quarter of 2022 compared to the first quarter of 2023. While some metrics have decreased, others have increased, resulting in an overall mixed market.

In the first quarter of 2022, the total number of new listings was 255, which has decreased by 5.49% in the first quarter of 2023. This decrease indicates that fewer properties were put up for sale in the first quarter of 2023 than in the same period the previous year.

Despite this decrease, the average list price in the first quarter of 2023 has increased by 0.34% compared to the first quarter of 2022. In the first quarter of 2022, the average list price was $593K, while in the first quarter of 2023, it was slightly higher at $595K. This increase indicates that sellers are still able to command higher prices for their properties despite the decrease in new listings.

The total cost of inventory in the first quarter of 2023 has decreased by 5.17% compared to the first quarter of 2022. This decrease indicates that the overall value of properties available for sale in the first quarter of 2023 was lower than in the same period the previous year.

In terms of sales, the total number of sales in the first quarter of 2023 has decreased by 38.85% compared to the first quarter of 2022. In the first quarter of 2022, there were 157 sales, while in the first quarter of 2023, there were only 96 sales. This decrease in sales may be due to the overall decrease in new listings, which means there were fewer properties available for purchase.

Furthermore, the average sale price in the first quarter of 2023 has decreased by 12.30% compared to the first quarter of 2022. In the first quarter of 2022, the average sale price was $549K, while in the first quarter of 2023, it had dropped to $481K. This decrease in average sale price may be due to a decrease in demand or an increase in the availability of lower-priced properties.

The average asking to selling ratio in the first quarter of 2023 has also decreased by 2.39% compared to the first quarter of 2022. In the first quarter of 2022, the average asking to selling ratio was 0.979, while in the first quarter of 2023, it had dropped to 0.956. This decrease in ratio may indicate that sellers are becoming more flexible with their asking prices to secure a sale.

However, the average days on market in the first quarter of 2023 has decreased by 30.32% compared to the first quarter of 2022. In the first quarter of 2022, the average days on market was 155, while in the first quarter of 2023, it had dropped to 108. This decrease in days on market may indicate that properties are selling faster than before, despite the decrease in sales.

Finally, the total volume of sales in the first quarter of 2023 has decreased by 46.38% compared to the first quarter of 2022. In the first quarter of 2022, the total volume of sales was $86.2M, while in the first quarter of 2023, it had dropped to $46.3M. This decrease in volume may be due to a combination of the decrease in sales and the decrease in average sale price.

The Rural Parkland County real estate market has seen mixed trends in the first quarter of 2023 compared to the first quarter of last year. Make sure to hire a knowledgeable REALTOR® when buying or selling.

CLICK HERE TO VIEW FULL REPORT

4 April 2023

Spruce Grove Home Sale Trends Q1-2023

by Christina Reid

Real estate is a dynamic market that can shift quickly. In Spruce Grove, the first quarter of 2023 saw changes in various aspects of the real estate market.

In the first quarter of 2022, there were a total of 208 new listings. Fast forward to the first quarter of 2023, the total number of new listings has increased by 8.65% to 226.

The average list price in the first quarter of 2022 was $482,000. In the first quarter of 2023, the average list price increased by 0.61% to $485,000. This may suggest an increasing demand for homes in Spruce Grove, resulting in a slight increase in the average list price.

The total cost of inventory in the first quarter of 2022 was $100 million. By the first quarter of 2023, the total cost of inventory has increased by 9.31% to $109.3 million. This increase indicates a growth in the value of homes for sale in Spruce Grove.

In the first quarter of 2022, a total of 175 homes were sold. However, in the first quarter of 2023, the total number of sales has decreased by 36.57% to 111.

The average sale price in the first quarter of 2022 was $456,000. In the first quarter of 2023, the average sale price has decreased by 6.12% to $428,000. This decrease may reflect a more competitive market, where sellers are adjusting their asking price to attract potential buyers.

In the first quarter of 2022, the average asking to selling ratio was 0.993. By the first quarter of 2023, the average asking to selling ratio has decreased by 0.87% to 0.985. This decrease indicates that buyers are paying closer to the asking price of homes for sale in Spruce Grove.

The average days on market in the first quarter of 2022 was 51. In the first quarter of 2023, the average days on market has increased by 35.29% to 69. This increase suggests that homes for sale are taking longer to sell, perhaps due to the decreasing demand.

In the first quarter of 2022, the total volume of sales was $79.7 million. In the first quarter of 2023, the total volume of sales has decreased by 40.45% to $47.5 million. This decrease indicates a slower market, with fewer homes sold at a lower average price.

In conclusion, the first quarter of 2023 in Spruce Grove saw some changes in the real estate market compared to the same period in 2022. While there was an increase in the number of new listings and the total cost of inventory, there was a decrease in the total number of sales, the average sale price, and the total volume of sales. With the ongoing pandemic and changing buyer preferences, the real estate market in Spruce Grove may continue to fluctuate, and it’s essential to keep track of the latest trends and developments in the market.

CLICK HERE FOR THE FULL REPORT

Uncategorized • 4 April 2023

Real Estate Market Report for Stony Plain AB in Q1 2023

by Christina Reid

Real Estate Market Report for Stony Plain AB in Q1 2023

The real estate market in Stony Plain AB has experienced some significant changes in the first quarter of 2023. Let’s take a closer look at the data and see what it means for buyers and sellers.

Average Days on Market (DOM)

One of the key metrics in the real estate market is the average days on market (DOM), which represents the amount of time it takes for a property to sell. In the first quarter of 2022, the average DOM was 55 days. However, in the first quarter of 2023, the average DOM has increased to 96 days, which represents an increase of 74.55%.

Average List Price

The average list price is another important metric to consider when analyzing the real estate market. In the first quarter of 2023, the average list price was $482K, representing a decrease of 3.85% compared to the same period in 2022 when it was $501K. This decrease in the average list price can be attributed to changes in market conditions and increased competition among sellers.

Total Inventory Cost

The total cost of inventory is also an important to consider when analyzing the real estate market. In the first quarter of 2023, the total inventory cost was $40.0M, representing a decrease of 3.85% compared to the same period in 2022 when it was $41.6M. This decrease can be attributed to a decrease in the number of sales and a decrease in the average list price.

Total Sales

The total number of sales in the first quarter of 2023, there were a total of 56 sales, representing a decrease of 29.11% compared to the same period in 2022 when there were 79 sales.

Sales Average Price

The average sale price is another important metric to consider when analyzing the real estate market. In the first quarter of 2023, the average sale price was $441K, representing a decrease of 1.94% compared to the same period in 2022 when it was $450K.

Average LSR

The average asking to selling ratio (LSR) is a metric that represents the percentage of the asking price that a property sells for. In the first quarter of 2023, the average LSR was 0.977, representing a decrease of 1.13% compared to the same period in 2022 when it was 0.988. This decrease in the average LSR can be attributed to changes in market conditions and increased competition among sellers.

In summary, the real estate market in Stony Plain AB has experienced some significant changes in the first quarter of 2023. The average days on market has increased significantly, while the total sales volume, total inventory cost, and the average list price have all decreased. These trends suggest that buyers have more bargaining power and sellers may need to adjust their pricing and marketing strategies accordingly.

If you are interested in buying or selling a property in Stony Plain AB, it is important to work with a qualified real estate professional.

CLICK HERE TO VIEW FULL REPORT

Home Sale Statistics Edmonton • 3 April 2023

Edmonton Home Sales Trends Q1-2023

by Christina Reid

The Edmonton real estate market has had some interesting changes over last year! Let’s take a closer look at the first quarter of 2022 and compare it to the first quarter of 2023.

Total Listings: In the first quarter of 2022, we had 7,337 new listings. But in the first quarter of 2023, that number has dropped by 16.91%, meaning there were only 6,096 new listings this year.

Average List Price: In 2022, the average list price was $421K. But in 2023, that number has increased by 4.85%, making the average list price now $442K. So, if you’re thinking about selling, be certain to price properly.

Sales Average Price: The average sale price has decreased by 11.70%, meaning properties are selling for less this year. $356k vs $403K in Q1-2022

Total Sales: In 2022, there were 5,030 properties sold in the first quarter. But in 2023, that number has decreased by 41.39%, meaning there were only 2,948 properties sold this year.

Total Inventory Cost: In the first quarter of 2022, the total cost of inventory was $3.09B. However, in the first quarter of 2023, that number has decreased by 12.88%, bringing the total cost down to $2.69B.

Average DOM (days on market): In the first quarter of 2022, properties were flying off the shelves with an average DOM of just 68 days. However, in the first quarter of 2023, things have slowed down a bit with an average DOM of 96 days. That’s a 41.18% increase in the time it takes to sell a property! So, if you’re a seller, be prepared to have a little more patience while waiting for your property to sell.

Total Sales Volume Metric: In the first quarter of 2022, the market was on fire with a total sales volume of $2.03B. However, in the first quarter of 2023, the total sales volume has cooled down significantly, with a total volume of $1.05B.

Average LSR: The average asking to selling ratio has also decreased by 2.29%, which means buyers are getting slightly better deals.

There you have it! The Edmonton real estate market has certainly seen some changes since last year. No matter what the market looks like, I’m here to help you navigate it with expert advice and assistance.

CLICK HERE FOR THE FULL REPORT

Home Sale Statistics Edmonton • 3 April 2023

Edmonton Detached Single Family Home Sales Q1-2023

by Christina Reid

If you are considering buying or selling a detached single family home in Edmonton, it’s important to stay up-to-date on the latest market trends and statistics. The first quarter of 2023 has brought some changes to the market, with decreases in new listings, sales, and total volume of sales, as well as an increase in the average days on market. However, the average list price has increased slightly.

New Listings: In the first quarter of 2022, there were 3,641 new listings for detached single family homes in Edmonton. However, in the first quarter of 2023, this number has decreased by 11.97% to 3,205 new listings. This means that there are fewer homes available on the market, which may lead to more competition among buyers.

Average List Price: Despite the decrease in new listings, the average list price for detached single family homes in Edmonton has increased slightly. In the first quarter of 2022, the average list price was $554K, and in the first quarter of 2023, it has increased by 2.21% to $566K. This indicates that the market is still strong, and that sellers may be able to ask for higher prices.

Total Cost of Inventory: The total cost of inventory for detached single family homes in Edmonton has decreased by 10.03% from the first quarter of 2022 to the first quarter of 2023. In the first quarter of 2022, the total cost of inventory was $2.02B, while in the first quarter of 2023, it has decreased to $1.82B. This means that there is less money tied up in inventory, which may be a good sign for sellers.

Total Number of Sales: The total number of sales for detached single family homes in Edmonton has decreased by 47.37% from the first quarter of 2022 to the first quarter of 2023. In the first quarter of 2022, there were 2,873 sales, while in the first quarter of 2023, there were only 1,512 sales. This indicates that the market has slowed down, and that buyers may have more negotiating power.

Average Sale Price: The average sale price for detached single family homes in Edmonton has also decreased slightly. In the first quarter of 2022, the average sale price was $495K, and in the first quarter of 2023, it has decreased by 6.69% to $461K. This may be due to the decrease in sales and the increase in days on market.

Average Asking to Selling Ratio: The average asking to selling ratio for detached single family homes in Edmonton has decreased by 2.52% from the first quarter of 2022 to the first quarter of 2023. In the first quarter of 2022, the average asking to selling ratio was 0.997, while in the first quarter of 2023, it has decreased to 0.972. This indicates that sellers may be accepting lower offers than they were in the past.

Average Days on Market: The average days on market for detached single family homes in Edmonton has increased significantly. In the first quarter of 2022, the average days on market was 56, while in the first quarter of 2023, it has increased by 62.50% to 91 days. This means that homes are taking longer to sell.

Total Volume of Sales: Finally, the total volume of sales for detached single family homes in Edmonton has decreased by 50.89% from the first quarter at $1.42B in 2022.

CLICK HERE TO DOWNLOAD THE FULL REPORT