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.

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.

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.

Edmonton Neighbourhoods • 11 March 2023

The Orchards: A Serene Neighbourhood in Edmonton, AB

by Christina Reid

Edmonton, AB boasts of a plethora of neighbourhoods that each possesses their unique allure and identity, and among these is The Orchards. This master-planned community, located in the southeast of the city, provides a comfortable and tranquil living experience for its residents. In this article, we’ll delve deeper into what makes The Orchards an irresistible neighbourhood for homebuyers and why it should be on your radar for your next home.

Accessibility and Location

The Orchards’ strategic location in the southeast of Edmonton makes it easy to access from any part of the city. The neighbourhood is bounded by 66th Street to the east, 25th Avenue to the north, and Anthony Henday Drive to the south and west, which provides easy access to other areas in the city. This makes it a perfect location for professionals who work in other parts of the city, as they can conveniently commute to and from work.

Amenities and Services

The abundance of amenities and services available to residents is one of The Orchards’ main attractions. The neighbourhood features a wide range of commercial establishments, restaurants, and shops, making it easy for residents to access everything they need without having to leave the area. The Orchards also boasts of several green spaces, such as a 12-acre park, an urban village park, and a central park with a playground, picnic area, and sports fields.

Housing Options

The Orchards provides various housing options suitable for everyone’s needs and budget. The neighbourhood has a blend of single-family homes, apartments, and townhouses, catering to everyone’s preferences. The homes in The Orchards are designed to be energy-efficient, and the neighbourhood has ample sidewalks and bike paths, making it pedestrian-friendly. Additionally, several schools are within the neighbourhood, making it an excellent option for families with children.

Community Spirit

The Orchards is known for its strong sense of community, with residents coming together to celebrate holidays, hold garage sales, and organize events. The community association spearheads several events throughout the year, such as an annual summer BBQ and a winter festival, bringing residents together to socialize and foster lasting relationships.

In conclusion, The Orchards is a remarkable neighbourhood in Edmonton, AB, with numerous benefits for its residents. Its convenient location, abundance of amenities and services, and strong sense of community make it a desirable place to live. If you’re looking to buy a home in Edmonton, AB, The Orchards should be at the top of your list – it’s a neighbourhood that won’t disappoint!

Edmonton Guidelines & Programs • 4 February 2023

BUYING OR SELLING? DON’T MISS YOUR CHANCE TO WIN A 2023 CHEVROLET TRAILBLAZER!

by Christina Reid

BUYING OR SELLING?
DON’T MISS YOUR CHANCE TO WIN A 2023 CHEVROLET TRAILBLAZER!

Listings • 14 November 2022

4015 Hawthorn Link Edmonton, AB T6X1Y6

by Christina Reid

4015 Hawthorn Link Edmonton, AB T6X1Y6

The Kerry by Brookfield Residential is a BRAND NEW single family, rear laned home with 3 bedrooms, 2.5 baths. The home offers 1,708 sq ft of style and functional living in the desirable SE community of The Orchards. Featured are designer selected interior finishes with elegance and ease of living in mind! The main floor is finished in Luxury Vinyl Plank flooring, 9/10ft ceilings, and the countertops throughout the home are a beautiful quartz. On the main floor you will find a spacious dropped great room complete with fireplace! Going upstairs there is a spacious primary bedroom with large walk-in closet and ensuite. The upper floor has 2 additional bedrooms, a 4 pc bathroom that includes a walk in shower and laundry room that offers side by side laundry. Included in the home you will receive our MyCommand SMART HOME package and for a limited time the rear garage will be included at no additional cost!

MLS®:
E4320266

https://christina-reid.c21.ca/listing/AB/Edmonton/4015-Hawthorn-Link-T6X1Y6/165143139