Stony Plain Real Estate Market Statistics- Single Family Homes May 2023
Bar Graphs Below Are Interactive
35 New single family listings came on the market in May of 2023. Down 28.6% from May of 2022
The average list price of single family homes in Stony Plain is $508k for May of 2023 35.5% decrease in the number of sold properties, totaling 20 for May 2023.
The average sold price of single family homes in Stony Plain was $419k down from $469.1k in May of 2022. The number of days on market has increased to 54 more than double from 26 days on Market in 2022.
Rural Parkland County Real Estate Statistics Acreages May 2023
Listings in Rural Parkland County are down 10% from May of last year, totaling 133.
The average list price in MAy of 2023 for Parkland County acreages is up 1.6% to $609k.
64 properties sold, down 16.9% from May of 2022.
Parkland County acreages average sales price was $577k, up 10.2% from May of 2022.
Rural Parkland County acreages stayed on market longer this year than last, averaging an increase of 90.9% over May of 2022. However, year over year the average days on market is down 17%. Acreage sales in Parkland County remain strong in price due to lack of inventory. If you are looking to sell your Parkland County Home for top dollar now maybe the time.
Join us at the Show Home Village at The Orchards for some tail wagging fun at our dog-friendly outdoor event at the show home village. There’s lots of family fun, scavenger hunt for prizes, mini-donuts, ice cream for humans and pup-cups for your best friend, plus a chance to visit our show homes.
Note: this is an on-leash event for pup attendees. There will be live entertainment with trained dogs who will be off-leash in the performance area. There will be some indoor activities for humans-only, including kids activities, face painting, balloon artist, and scavenger hunt through the show homes. We ask everyone to be kind and mindful to each other. If your pup prefers to run around, we welcome you tovisit the new off-leash dog parkjust a few blocks down.
Bring a picnic blanket, kids and pups all welcomed to watch live performances from the Bark Side. Each performance may include a mix of agility, tricks, disc, high jumping, etc.
Radon is a colorless, tasteless, and odourless, radioactive gas that occurs naturally when the uranium in soil and rock breaks down. When radon is released from the ground into the outdoor air, it is diluted and is not a concern. However, in enclosed spaces like homes, it can accumulate to high levels. High radon levels can be a risk to the health of you and your family.It’s a known carcinogen and can cause lung cancer when it accumulates in indoor air. In fact, radon is the second leading cause of lung cancer after smoking. Radon levels can vary depending on where you live and the type of soil in your area. In order to protect your family from the dangers of radon, it’s important to take preventative measures such as installing radon rough-ins in your home.
What Are Radon Rough-Ins?
Radon rough-ins are pipes that are installed during the construction of a home to allow for the easy installation of a radon mitigation system at a later time. Radon mitigation systems are designed to reduce radon levels in your home to safe levels. The rough-ins consist of PVC pipes that are installed from the basement or crawlspace up through the roof of the home. These pipes create a pathway for a radon mitigation system to be installed in the future if needed.
Why Are Radon Rough-Ins Important?
Radon rough-ins are important because they provide a cost-effective way to install a radon mitigation system in the future. It’s much easier and less expensive to install a radon mitigation system during construction than it is to retrofit an existing home with one. By installing radon rough-ins during construction, you can ensure that your home is prepared for any potential radon issues in the future.
In addition, radon rough-ins can improve the air quality in your home even if you don’t have a radon problem. The rough-ins provide a passive ventilation system that can help reduce indoor air pollution and moisture levels, which can lead to mold growth and other indoor air quality issues.
How Are Radon Rough-Ins Installed?
Radon rough-ins are typically installed during the construction of a home. The pipes are installed by the builder or contractor, and they are typically located in the basement of the home. The pipes are then run up through the walls and roof of the home and capped off until a radon mitigation system is installed.
If you’re building a new home or planning a major renovation, it’s important to consider installing radon rough-ins. By taking this preventative measure, you can ensure that your home is protected from the dangers of radon and that you have a cost-effective way to mitigate any potential radon issues in the future. Consult with a qualified radon mitigation professional for more information on how to protect your home and your family from radon.
Urban chickens are becoming increasingly popular in cities across North America, and Edmonton is no exception. Many people are discovering the benefits of raising chickens in their own backyards.
First and foremost, raising chickens in an urban environment is perfectly legal in Edmonton, provided that you follow the city’s guidelines. These guidelines dictate that you must keep your chickens in a secure coop or enclosure, ensure that they have access to fresh water and food, and properly dispose of their waste. By adhering to these guidelines, you can enjoy the benefits of raising chickens without causing any disruption to your neighbours.
One of the main benefits of raising chickens in an urban environment is the access to fresh eggs. Chickens are incredibly productive animals, laying one egg per day on average. This means that a small flock of chickens can provide a household with a steady supply of eggs. Not only are these eggs fresh and delicious, but they’re also more nutritious than store-bought eggs. Chickens that are allowed to forage for their food produce eggs that are higher in vitamins and minerals than those from chickens that are kept in cages.
Another benefit of keeping chickens in an urban environment is pest control. Chickens love to eat insects, including ants, beetles, and grasshoppers. By allowing your chickens to roam free in your backyard, you can reduce the number of pests in your yard without using harmful chemicals.
Chickens can help reduce food waste. Chickens will eat most food scraps, including vegetable peelings, fruit cores, and bread. By feeding your chickens food scraps, you can reduce the amount of waste going to the landfill.
Chickens are a sustainable source of food, and they produce fertilizer that can be used to grow vegetables and flowers.
By following the city’s guidelines, you can raise chickens in your backyard without causing any disruption to your neighbours. So why not consider raising a small flock of chickens in your own backyard? You’ll be amazed at how much joy and satisfaction they can bring to your life.
Buying a new home is a big investment, and it’s important to protect that investment with a warranty. In Alberta, all new homes must come with a warranty. New homes in Alberta are covered by either AB New Home Warranty or Progressive Home Warranty.
Alberta’s New Home Buyer Protection Act (NHBPA) came into effect on February 1, 2014 to protect the interests of home buyers, home builders, and new home warranty providers alike. The NHBPA established a requirement that all new homes built for sale or under a construction contract must be covered by home warranty insurance or be exempted from this requirement through an authorization from the New Home Buyer Protection Office of Alberta Municipal Affairs. For more information on Alberta’s New Home Buyer’s Protection CLICK HERE.
The warranty program that provides coverage to new homeowners for various defects in their homes. The program is designed to protect homeowners from the financial burden of unexpected repairs and replacements.
What Does the Home Warranty Cover?
The new home warranty covers various defects in your new home
1 Year Materials & Labour: this covers any defects in materials and labour (flooring, trim)
2 Year Delivery & Distribution Systems: coverage for defects in materials and labour for delivery systems. (heating, electrical, plumbing)
5 Year Building Envelope: covering defects in the system of components that separate conditioned from unconditioned space (roof, exterior walls)
10 Year Structural: Load bearing components (foundation, frame)
Builders are held accountable to repair items as outlined in the Construction Performance Guide from the Alberta Government.
How Long Does the Warranty Last?
The warranty program covers new homes for up to ten years after possession and is transferrable to new owners if you sell.
How Do You Make a Claim?
If you discover a defect in your new home, you should contact the builder or developer first to discuss the issue. If the issue cannot be resolved, you can make a claim through the warranty provider. To make a claim, you’ll need to provide documentation of the defect and any attempts to resolve it with the builder or developer.
How Do You Find a Builder Covered by the New Home Warranty?
To find a builder covered by the home warranty, you can visit the program’s website and search for builders in your area. You can also ask your real estate agent or contact the Homeowner Protection Office for a list of registered builders.
Is Home Warranty Mandatory?
Yes, the new home warranty is mandatory for all new homes built in Alberta. Builders and developers must register with the program and provide coverage for their new homes.
If you’re in the market for a new home in Alberta, be sure to check that the builder or developer is registered with the ANHWP and that your new home is covered by the program.
When Does The Home Warranty Start?
For single-family homes:the earliest of (1) the date a new home is first occupied; (2) the date an accredited agency, accredited municipality, or accredited regional services commission grants permission to occupy a new home; and (3) the date the transfer of title to a new home is registered.
When you’re buying a new construction home, you may have a choice between two types of mortgages: completion mortgages and draw mortgages. Each type of mortgage has its own advantages and disadvantages, and it’s important to understand them before you make a decision.
Completion Mortgage
A completion mortgage is a type of mortgage that’s used to finance the purchase of a newly built home upon possession. With a completion mortgage, you put a down payment down and the lender provides you with the full loan amount at the time of closing. You don’t start making payments on the mortgage until you have possession of the home.
One advantage of a completion mortgage is that you know exactly how much you’re borrowing and what your monthly payments will be from the start. This can help you budget more effectively and avoid any surprises down the line.
Draw Mortgage
A draw mortgage, also known as a construction mortgage or a progress-draw mortgage, is a type of mortgage that’s used to finance the construction of a new home. With a draw mortgage, the lender provides you with funds in stages, or “draws,” as the construction progresses.
One advantage of a draw mortgage is that you only pay interest on the amount of money you’ve drawn, not on the full loan amount. This can help you save money on interest payments during the construction phase, when you may not yet be living in the home or making regular mortgage payments.
Which One is Right for You?
So, which type of mortgage is right for you? It depends on your situation and the builders procedure.
A completion mortgage may be the way to go. This type of mortgage is straightforward and easy to understand, and it can help you budget more effectively.
If you’re building a new home from scratch, a draw mortgage may be a better fit. This type of mortgage allows you to finance the construction in stages, and lock in your interest rate.
Ultimately, the decision between a completion mortgage and a draw mortgage depends on your specific needs and the builder. It’s important to work with a mortgage professional who can help you weigh the pros and cons of each option and choose the one that’s best for you.
If you’re in the market for a new home in Edmonton, AB, there’s never been a better time to buy. With new construction homes all over the city, you’ll have a wide range of options to choose from.
Why should you consider buying a new construction home? Here are just a few reasons:
1. Modern design and features
New construction homes are designed to meet the latest building codes and standards, which means they often come with a range of modern features and amenities. From open floor plans and high ceilings to energy-efficient appliances and smart home technology, new homes are built with the needs and preferences of today’s homebuyers in mind.
2. Customization options
When you buy a new construction home, you often have the opportunity to customize it to your liking. Depending on the builder and the stage of construction, you may be able to choose finishes such as flooring, countertops, cabinets, and paint colours. You may also be able to make structural changes such as adding a fireplace or a fourth bedroom.
3. Low maintenance
New construction homes typically require less maintenance than older homes, as everything is brand new and under warranty. You won’t have to worry about replacing a leaky roof or outdated HVAC system anytime soon, which can save you money and hassle in the long run.
4. Strong resale value
A new construction home is likely to hold its value well over time, as it will have all the latest features and technology. This can be especially true in a city like Edmonton, where the demand for housing is strong and new construction is always in demand.
5. Get pre-approved for a mortgage
Before you start seriously looking at homes, get pre-approved for a mortgage so you know what kind of budget you’re working with. This will help you avoid falling in love with a home that’s out of your price range.Work with a Real Estate Agent
6. Work with a Real Estate Agent
Consider working with a Real Estate Agent who has experience with new construction homes in Edmonton. They can help you find the right builder, negotiate on your behalf, and guide you through the buying process.
In conclusion, if you’re in the market for a new home in Edmonton, AB, now is the perfect time to buy. With new construction homes offering modern design, customization options, low maintenance, and strong resale value, you’re sure to find a home that meets your needs and preferences.
84 new single family home listings came on the market in the month. The average list price of homes $483k up by 5.9% from May of last year. There’s been a decrease in sales of 15.8%, with a total of 64 homes sold in Spruce Grove during May of 2023. $474.5K was the average sales price on homes, up from $432.6k in May of last year. HOmes in Spruce Grove are on market for an average of 73 days, 50 days longer than same time last year.
Facebook
X
Pinterest
Copy Link
Join us for some tail wagging fun at our dog-friendly event at The Orchards 
