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

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

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

Introduction

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

  1. Customization at Your Fingertips

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

  1. Leading-Edge Energy Efficiency

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

  1. Warranty-Backed Low Maintenance

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

  1. Thriving Community Life

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

  1. Lucrative Investment Opportunities

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

  1. Uncompromised Safety and Modern Standards

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

 

Conclusion

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

St. Albert Real Estate Market Trends and Investment OpportunitiesSt. Albert Real Estate Market Trends and Investment OpportunitiesSt. Albert Real Estate Market Trends and Investment OpportunitiesSt. Albert Real Estate Market Trends and Investment OpportunitiesSt. Albert Real Estate Market Trends and Investment Opportunities 13 December 2023

St. Albert House Sales Statistics November 2023

St. Albert Real Estate Statistics 

Bar Graphs Below Are Interactive

The City of St. Albert had 112 new listings come to market in October, up 7.6% from October 2022.

Average list price for homes in St. Albert was $595.1k up 30% from last year.

92 homes sold in the month of November up from 54 homes in November 2022. Average home sale price for St. Albert was $452.3k up from $406.3 last November

St. Albert homes were on market an average of 56 days before sale.

Interactive bar graphs below

St. Albert Real Estate Market Trends and Investment Opportunities 13 December 2023

St. Albert House Sales Statistics October 2023

St. Albert Real Estate Statistics 

The City of St. Albert had 141 new listings come to market in October, flat to the 145 added in October 2022.

Average list price for homes in St. Albert was $477.7k down 2.32% from last year.

85 homes sold in the month same as this time last year.Average sold price for homes in St. Albert was $413k down almost 10% from October 2022. 

St. Albert homes were on market an average of 60 days before sale.

Interactive bar graphs below

13 December 2023

Fort Saskatchewan Real Estate Market Statistics- November 2023

Fort Saskatchewan Real Estate Market Statistics

  

Bar Graphs Below Are Interactive

44 Listings came on in November down just over 25% from last year.

The average list price was $458.7k up 13.8%  39 properties sold in Fort Saskatchewan down from 48 last year. Home sale prices were down 3.6% to $370.1k in NovemberAverage time on market was 86 days.

13 December 2023

Fort Saskatchewan Real Estate Market Statistics- October 2023

Fort Saskatchewan Real Estate Market Statistics

  

Bar Graphs Below Are Interactive

Listings were down 21% to 52 in October

The average list price was $441.5k up 6% from October 2022 33 properties sold in Fort Saskatchewan a slight decline from 39 last year. Home sale prices were up 6.7% to $401.7k in OctoberAverage time on market was 64 days.

Parkland County Real Estate: Acreage Properties and Market Trends 13 December 2023

Rural Parkland County Acreage Sales Statistics November 2023

Rural Parkland County Acreage Sales Statistics

Bar Graphs Are Interactive

44 New listings came on in Parkland County in November a decrease of 8% year over year  The average list price of Parkland acreages was $554k down from $600.9K in November 202235 acreages sold in Parkland County for the month of November. Parkland acreage sales prices were up $529.5K up over 24% from $425.5k in November 2022. Average days on market was 107 

Parkland County Real Estate: Acreage Properties and Market Trends 13 December 2023

Rural Parkland County Acreage Sales Statistics October 2023

Rural Parkland County Acreage Sales Statistics

Bar Graphs Are Interactive

58 New listings came on in Parkland County in October a decrease of 7.9% from October 2022. The average list price of an acreage increased 10.96% to $675k50 acreages sold in Parkland County in October up from 40 last year Parkland acreage sales prices were up 17.9% to $593k Average days on market was 127 

Rural Strathcona County Real Estate: Market Trends and Investment Opportunities 12 December 2023

Rural Strathcona County Real Estate Acreage Sales Statistics – November 2023

Rural Strathcona County Acreage Sales Statistics

   

Bar graphs below are interactive

17 New listings came on the market in Rural Strathcona down 19%

Average list price was $1m 12 sales were completed in the month flat to last yearAverage sales price was $783k up 8.6% from same time last year.Average days on markey was 157.

Rural Strathcona County Real Estate: Market Trends and Investment Opportunities 12 December 2023

Rural Strathcona County Real Estate Acreage Sales Statistics – October 2023

Rural Strathcona County Acreage Sales Statistics

   

Bar graphs below are interactive

42 New listings came on the market in Rural Strathcona in October and increase of 16.7% over October 2022.

Average list price was $1.11m, an increase from $828.3k in October 2022. There was a decrease of 12% in sales with only 22 sales being completed in the month.Average sales price was $652k up from $603.2k same time last year.Average days on markey was 86.

Spruce Grove Real Estate: Market Trends and Investment Opportunities 11 December 2023

Spruce Grove Home Sale Trends November 2023

Spruce Grove Real Estate Market

   

The below graphs are interactive

Spruce grove saw 99 in listings come to market in November up from 75 same time last year.,

The average list price of homes was $426.3 up from $416.9k November of 202266 Homes sales went through up from 50 in November of 2022. Average sales price of homes for the month was $360.1k down 3.25%  Homes were on market for an average of 75 days before sale.