Bar Graphs Below Are Interactive
29 home listings came on the market in April of 2023. A decrease from 56 last year.
The average listing price in Stony Plain is down 9.3% to $417k.
21 Properties sold a decrease of 36% from April 2022.
The average home sale price in Stony Plain was $387k, a decrease of 17% from April last year.
Homes are listed an average of 61 days until sale up from 30 days same time last year.
Interactive Bar Graphs
2.6K new listings came on to the Edmonton Market in April a 28% decrease from last year.
Listing prices remained similar to last year at $435k a slight increase of .9%
There was a significant decrease in properties sold down from 2.1k in 2022 to 1.41k this year. A decrease of 32.6%
The average sales price in Edmonton was $385k, a decline of 6.3%.
Listings are remaining on market longer, averaging out to 70 days. An increase of 52%.
Interactive bar graphs
New listing count for single family homes in the city has decreased from last year 33.2%. 1.36K new listings came on market in April.
With the decreased inventory for single family homes listing prices have risen to $554K, a slight in crease of 2.75%.
A total of 758 single family homes sold in April that’s a decrease of 32.6%. 1.1K sold in April 2022
The average price of sold homes has decreased to $492k year over year for the month of April. Down 4.7% from $516.2k in April 2022. There is a large disconnect in listing price to sales price making it more of a buyers market, however they are many multiple offer situations happening as buyers compete for the same homes.
Days on Market has also increased upto an average of 70 days on Market before sale, an increase of 133% over last year.
St. Albert Real Estate Statistics – April 2023Interactive bar graphs showing the St. Albert Real Estate Market
Listings: There was 177 new listings on MLS® down from 245 (-27.8%) last year.
Listing prices have incresed 3.4% to $508k due to lack of inventory.
The number of homes sold in April was 127 down from 165 April 2022. A decrease of 23%
Home sale prices in St. Albert are down 2.8% from last year to $458k.
Average days on market has gone up in April from 29 last year upto 67, an increase of 139%
April 2023 Real Estate Market for Parkland County
Bar Graphs Are Interactive
New Listings:
In April 2023, there were 117 new listings in Parkland County, which is a decrease of 26.88% compared to the same period in 2022.
Average Asking Price:
The average asking price for properties in Parkland County was $714,000, which is an increase of 33.03% compared to the same period in 2022.
A total of 40 properties were sold in Parkland County, which is a decrease of 45.21% compared to the same period in 2022.
Average Sale Price:
The average sale price for properties in Parkland County was $582,000, which is a 6.76% increase compared to the same period in 2022.
Days on Market Until Sale:
The average number of days a property remained on the market until it was sold was 80 down for 127 days on market last year.
High demand for properties in Parkland County has led to an increase in the average asking price and ask to sell ratio. We will continue to monitor the market trends and provide updates in our next monthly real estate market blog.
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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.
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.
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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.
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
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.
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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