Spruce Grove Real Estate: Market Trends and Investment Opportunities • 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.

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Stony Plain Real Estate: Market Trends and Investment Opportunities • 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.

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Edmonton Real Estate Market Trends and Insights • 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.

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Edmonton Real Estate Market Trends and Insights • 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.

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Listings • 15 March 2023

Experience Modern Living in Chappelle Gardens: 2900 Coughlan GR SW

by Christina Reid

Looking for a modern home that offers both style and functionality? Look no further than 2900 Coughlan GR in Chappelle Gardens. This stunning Brookfield Residential home is perfect for families and those looking for a spacious and comfortable living environment.

As soon as you step inside, you’ll notice the open concept design of the main floor, with plenty of natural light flooding in from the large windows. The designer-inspired kitchen is truly a chef’s dream, with 3CM gold and white marbled quartz countertops, a chimney hoodfan, backsplash to ceiling, pots & pans drawers, microwave shelf, and cabinet risers above the cabinets. The stainless steel appliances, including a fridge with an external water/ice maker, gas range, and dishwasher, make meal prep and clean up a breeze.

The living room features an upgraded fireplace and herringbone vinyl plank flooring throughout the main floor, creating a cozy and welcoming atmosphere. Upstairs, you’ll find three bedrooms, including a spacious master bedroom with a luxurious ensuite featuring dual vanities, quartz countertops, and a glass-tiled shower. The second level also boasts a laundry room with a washer and dryer, making laundry day a breeze.

One of the standout features of this home is its location in Chappelle Gardens, a family-friendly community that offers a range of amenities to residents. The community boasts parks, walking trails, a clubhouse, splash park, and outdoor fitness space, making it easy to stay active and enjoy the outdoors.

Don’t miss out on the opportunity to experience all that this amazing home and community have to offer.

Edmonton Neighbourhoods • Edmonton Neighbourhoods • Edmonton Neighbourhoods • Edmonton Neighbourhoods • 11 March 2023

Exploring Edgemont: A Family-Friendly Neighbourhood in Edmonton, AB

by Christina Reid

Edgemont is a beautiful and family-friendly neighbourhood located in the west end of Edmonton, AB. This neighbourhood is relatively new, as development began in the early 2000s, but it has already become one of the most sought-after places to live in the city. Here are some reasons why Edgemont is a great place to call home.

Beautiful Scenery

Edgemont is nestled in a picturesque setting that is sure to impress any nature lover. The neighbourhood is surrounded by lush greenery, scenic parks, and plenty of walking and cycling trails. The Wedgewood Ravine is also located nearby, providing a serene natural retreat right in the heart of the neighbourhood.

Excellent Amenities

Residents of Edgemont enjoy access to a wide range of amenities, including schools, shopping centres, healthcare facilities, and recreational facilities. The neighbourhood is located near the West Edmonton Mall, one of the largest shopping centres in North America. There are also several parks and playgrounds in the area, making it an ideal place for families with young children.

Housing

Edgemont offers housing options for families and individuals of all income levels. The neighbourhood features a mix of housing types, including single-family homes, townhouses, and condominiums, making it a diverse and inclusive community.

Vibrant Community

Edgemont is a tight-knit community that values social interaction and neighbourhood involvement. There are several community events and activities held throughout the year. This creates a sense of belonging and fosters a strong community spirit among residents.

Accessible Location

Edgemont is conveniently located near major transportation routes, including Anthony Henday Drive and Whitemud Drive, making it easy to travel around the city. The neighbourhood is also located close to the Edmonton International Airport, making it an ideal location for frequent travellers.

Edgemont is a charming neighbourhood in Edmonton, AB, that offers a wide range of amenities and affordable housing options. Its beautiful scenery, vibrant community, and accessible location make it an ideal place to call home for families, young professionals, and retirees alike.

11 March 2023

The Top Reasons to Consider Paisley as Your Next Edmonton Neighbourhood

by Christina Reid

Paisley Edmonton Homes For Sale, Paisley Edmonton MLS®, Paisley Edmonton REALTOR Chris Reid, chrisreidedmonton.com, Paisley Edmonton Quick Possession Homes, Paisley Edmonton Real Estate, Paisley Edmonton New Construction Homes, Edmonton Home Builders, Southwest Edmonton Homes, Southwest Edmonton New Homes, Brookfield Residential Paisley,

Paisley Edmonton New Construction and Quick Possession Homes, Chris Reid Edmonton REALTOR®

Edmonton is a city with many attractive neighbourhoods, each with its own unique character and style. One such neighbourhood that has been gaining popularity among homebuyers and renters alike is Paisley. Located in southwest Edmonton, Paisley offers a perfect blend of urban amenities and peaceful suburban living. In this blog post, we’ll take a closer look at this charming neighbourhood and what makes it a great place to call home.

Location and Accessibility

Paisley is situated in the Heritage Valley area of southwest Edmonton, with easy access to major roads and highways. The neighbourhood is bordered by 141 Street to the west, Ellerslie Road to the north, 127 Street to the east, and the future extension of Paisley Road to the south. This location makes it easy for residents to travel to other parts of the city, including downtown Edmonton, which is about a 20-minute drive away.

Amenities and Services

Paisley has a variety of amenities and services that make it a desirable neighbourhood to live in. There are several shopping centres nearby, including Currents of Windermere, which is home to a variety of retailers and restaurants. There are also many parks and recreational areas in and around the neighbourhood, including the nearby Blackmud Creek Ravine, which offers scenic walking and biking trails.

Housing Options

Paisley has a range of housing options to suit different lifestyles and budgets. The neighbourhood features a mix of single-family homes, townhomes, and duplexes, many of which are new construction. The architecture in Paisley is inspired by the Arts and Crafts movement, with elements like gabled roofs, front porches, and decorative brackets. This gives the neighbourhood a charming, old-fashioned feel, while still offering modern amenities and conveniences.

Community Spirit

One of the standout features of Paisley is an off-leash dog park.

In conclusion, Paisley is a neighbourhood that offers a great balance of urban and suburban living. With its convenient location, diverse housing options, and strong sense of community, it’s no wonder why so many people are choosing to call this neighbourhood home. Whether you’re a first-time homebuyer, a growing family, or someone looking for a peaceful place to retire, Paisley has something to offer everyone.

11 March 2023

Chappelle, A Vibrant and Desirable Neighbourhood in Edmonton, AB

by Christina Reid

Edmonton, AB is known for its diverse neighbourhoods, each with their own unique character and charm. One neighbourhood that has been gaining attention in recent years is Chappelle. Located in southwest Edmonton, Chappelle is a master-planned community that offers a modern, vibrant lifestyle with plenty of amenities and green spaces. In this blog, we’ll explore what makes Chappelle a hidden gem in Edmonton’s real estate market.

Location and Accessibility

Chappelle is located just off the Anthony Henday Drive and Ellerslie Road, providing easy access to major roads and highways. This makes it easy to get around Edmonton and the surrounding areas, whether you’re commuting to work or exploring the city. Plus, with public transit options nearby, getting to downtown Edmonton is a breeze.

Amenities

One of the biggest draws of Chappelle is its abundance of amenities. The neighbourhood features a variety of shops, restaurants, and services, including a grocery store, pharmacy, and medical clinic. For fitness enthusiasts, there are numerous parks and trails for walking, jogging, and cycling. And for families, there are several schools in the area, as well as playgrounds and recreational facilities.

Community Spirit

Chappelle has a strong sense of community, with numerous events and activities throughout the year that bring neighbours together. From farmers markets to movie nights in the park, there’s always something going on in Chappelle. Plus, the community has its own resident association that works to foster a sense of belonging and engagement among residents.

Housing Options

Chappelle offers a wide range of housing options to suit every budget and lifestyle. From spacious single-family homes to modern townhomes and condos, there’s something for everyone in Chappelle. Plus, with numerous builders in the area, homebuyers have plenty of options to choose from.

Real Estate Market

The real estate market in Chappelle is strong, with steady growth in home values over the past few years. With its convenient location, strong sense of community, and abundance of amenities, Chappelle is a neighbourhood that is sure to continue to attract homebuyers.

Chappelle is a hidden gem in Edmonton’s real estate market, offering a modern, vibrant lifestyle with plenty of amenities and green spaces. Whether you’re a young professional, a family with children, or a retiree looking for a peaceful neighbourhood to call home, Chappelle has something to offer. So why not consider making Chappelle your next home?

11 March 2023

Glenridding: A Thriving Neighbourhood in Edmonton, AB

by Christina Reid

As one of the fastest-growing cities in Canada, Edmonton is home to numerous neighbourhoods with unique characteristics and offerings. One such neighbourhood that has gained attention in recent years is Glenridding, located in southwest Edmonton.

Glenridding is a relatively new neighbourhood, with most of its development taking place in the last decade. It is bordered by Anthony Henday Drive to the west, 170 Street to the east, Ellerslie Road to the north, and 41 Avenue to the south. The neighbourhood is named after Glenridding Ravine, a nearby natural area that features a creek and plenty of green space.

One of the most attractive features of Glenridding is its convenient location. The neighbourhood is situated close to major transportation routes, making it easy to get around Edmonton and beyond. Anthony Henday Drive provides quick access to other parts of the city, and Edmonton International Airport is just a short drive away.

Glenridding also boasts a range of amenities and services that make it a great place to live. The neighbourhood is close to several schools, including Dr. Margaret-Ann Armour School, a K-9 public school that offers French immersion. There are also several parks and green spaces in the area, such as Glenridding Park, which features a playground and sports fields.

For those who enjoy shopping and dining out, Glenridding has plenty to offer. The neighbourhood is located close to several major shopping centres, including Currents of Windermere and South Edmonton Common. There are also several restaurants and cafes in the area, catering to a variety of tastes and preferences.

Another factor that makes Glenridding an attractive neighbourhood is its diverse housing options. The area features a mix of single-family homes, townhouses, and condominiums, providing plenty of options for buyers with different needs and budgets. Additionally, many of the homes in Glenridding are new, featuring modern designs and amenities.

Overall, Glenridding is a thriving neighbourhood in Edmonton that offers a great quality of life for residents. With its convenient location, diverse housing options, and range of amenities, it’s easy to see why this area has become a popular choice for those looking to buy a home in Edmonton.

Edmonton Neighbourhoods • 11 March 2023

Discovering Keswick: A Guide to Edmonton’s Premier Neighbourhood

by Christina Reid

Edmonton, Alberta is a vibrant city with a diverse range of neighbourhoods. One of its premier neighbourhoods is Keswick, located in the Windermere area of Southwest Edmonton. Keswick offers a high quality of life, beautiful natural surroundings, and easy access to all the amenities you need. In this blog, we’ll explore why Keswick is a top choice for homebuyers looking for luxury and convenience in Edmonton’s real estate market.

Location and Accessibility

Keswick is located just south of the North Saskatchewan River and west of the Anthony Henday Drive, offering easy access to downtown Edmonton and other parts of the city. It’s also located near major transportation arteries such as Terwillegar Drive and Ellerslie Road, making it easy to get around the city.

Nature and Parks

One of the biggest draws of Keswick is its beautiful natural surroundings. The neighbourhood is situated along the North Saskatchewan River Valley, offering stunning views and a variety of outdoor activities. The River Valley is home to over 20 parks, including the nearby Terwillegar Park, which boasts over 186 hectares of nature trails, picnic areas, and off-leash dog areas. The neighbourhood is also just a short drive away from the world-renowned Elk Island National Park.

Luxury Homes

Keswick is a premier neighbourhood that offers luxurious homes and upscale living. The area features a mix of traditional and modern architecture, with homes ranging from estate homes to spacious townhouses. Many of the homes in Keswick offer beautiful views of the North Saskatchewan River Valley, and the neighbourhood is known for its elegant streetscapes and high-end finishes.

Amenities

Keswick is just a short drive away from all the amenities you need. The neighbourhood is located near several shopping centres, including the Currents of Windermere, which features a variety of restaurants, stores, and services. There are also several schools in the area, including t2 new schools Jan Carr Catholic and Joey Moss Public K-9, making Keswick a popular choice for families.

Final Thoughts

Keswick is a premier neighbourhood in Edmonton that offers a high quality of life, beautiful natural surroundings, and easy access to all the amenities you need. Whether you’re looking for luxury homes or a family-friendly community, Keswick has something for everyone. If you’re considering a move to Edmonton, be sure to put Keswick at the top of your list.