Tankless Water Heaters in New Homes Edmonton

by Christina Reid

When it comes to outfitting new homes in Edmonton, modern homeowners and builders are prioritizing energy efficiency, sustainability, and convenience. One of the most impactful upgrades you can choose is a tankless water heater. Unlike traditional tank-style water heaters, these on-demand systems provide hot water when needed without storing large amounts in a tank. For Edmonton residents, where temperatures can drop dramatically, having a reliable and efficient hot water system is essential. In this article, we’ll dive into the benefits of tankless water heaters in new homes and why they are becoming a top choice for homeowners in Edmonton.

What Is a Tankless Water Heater?

A tankless water heater, also known as an on-demand water heater, heats water only as it’s needed. Unlike conventional systems that store hot water in a tank, these units use advanced technology to heat water instantaneously as it flows through the system. Powered by electricity, gas, or propane, tankless water heaters can deliver a continuous supply of hot water without the limitations of a storage tank.

1. Energy Efficiency: Saving Money and the Environment

One of the biggest benefits of tankless water heaters is their energy efficiency. Traditional water heaters continuously heat and reheat water in the tank, even when it’s not in use. This process, called standby heat loss, can significantly increase energy consumption.

Tankless water heaters, on the other hand, only heat water when needed. According to Natural Resources Canada, homeowners can save up to 30% on energy bills by switching to a tankless system. With Edmonton’s long, cold winters, this efficiency can translate into substantial cost savings over time.

Why It Matters for Edmonton Homes

Energy efficiency helps reduce utility bills, a critical consideration in Edmonton’s energy-conscious market.
Lower energy consumption means a reduced carbon footprint, aligning with Edmonton’s sustainability goals.

2. Unlimited Hot Water Supply

With traditional water heaters, running out of hot water is a common inconvenience, especially in larger households. Tank-style systems can only heat as much water as the tank can hold, which may not be sufficient during peak usage times.

Tankless water heaters eliminate this problem by providing hot water on demand. Whether you’re taking back-to-back showers or running multiple appliances simultaneously, you’ll never have to worry about running out of hot water.

Edmonton Perspective

Edmonton winters often demand more hot water usage for long showers and home heating needs.
Unlimited hot water ensures year-round comfort for homeowners.

3. Space-Saving Design

Space is a valuable asset in any home. Traditional water heaters can take up significant space, often requiring a large utility room or basement corner for installation. Tankless water heaters, however, are compact and can be mounted on walls, freeing up valuable floor space.

Ideal for New Edmonton Builds

Smaller utility spaces in modern Edmonton homes can benefit from the sleek design of tankless systems.
Builders and designers can optimize layouts without compromising functionality.

4. Longer Lifespan and Durability

Tankless water heaters typically last longer than traditional water heaters. While a standard tank-style water heater may have a lifespan of 10–15 years, tankless systems can last 20 years or more with proper maintenance. This longevity makes tankless water heaters a smart investment for new homeowners who want to avoid frequent replacements.

Added Value for Edmonton Buyers

A longer lifespan means fewer replacement costs, appealing to first-time homebuyers in Edmonton.
Durability ensures reliable performance, even during extreme winter conditions.

5. Reduced Risk of Water Damage

Traditional water heaters pose a higher risk of water leaks and tank failures, which can lead to costly water damage in your home. Tankless water heaters eliminate this risk since they do not store water. This added safety feature is particularly important for Edmonton homeowners looking to protect their investment.

6. Lower Maintenance Requirements

While all water heaters require some maintenance, tankless systems typically have fewer issues than their tank-based counterparts. Flushing the system annually to remove mineral buildup is one of the most common maintenance tasks, especially in areas with hard water like Edmonton.

Edmonton Considerations

Water hardness in Edmonton may require homeowners to use water softeners alongside their tankless systems, but overall maintenance remains minimal.
Lower maintenance costs add to the long-term savings.

7. Environmentally Friendly Option

With growing concerns about environmental sustainability, tankless water heaters are an eco-friendly choice for Edmonton’s new homes. These systems consume less energy and produce fewer greenhouse gas emissions, contributing to a cleaner, greener environment.

Supporting Edmonton’s Green Initiatives

Many Edmonton builders and homeowners are adopting eco-conscious building practices, and tankless water heaters align perfectly with this trend.
Some energy-efficient models may qualify for government rebates or incentives, further encouraging sustainable choices.

8. Customization and Scalability

Tankless water heaters come in various sizes and capacities, making them suitable for homes of all sizes. Whether you’re building a compact starter home or a large luxury residence in Edmonton, there’s a tankless system to match your needs. Advanced systems can even include multiple units for homes with high water demands.

Why Builders Love This Feature

Customization options allow builders to tailor water heating systems to individual client needs.
Scalability ensures that Edmonton homes of all sizes can benefit from this modern technology.

9. Increased Home Value

Adding a tankless water heater to your new home can increase its resale value. Homebuyers in Edmonton are often willing to pay more for homes with energy-efficient and modern amenities. A tankless system is a strong selling point, especially for buyers looking for low-maintenance and eco-friendly options.

10. Enhanced Safety Features

Tankless water heaters are equipped with advanced safety features, such as temperature controls and automatic shutoffs. These features provide peace of mind for Edmonton families, ensuring that water temperatures remain safe and consistent.

Challenges to Consider

While tankless water heaters offer numerous benefits, there are a few considerations to keep in mind:

Higher Upfront Cost: Tankless systems typically have a higher initial cost compared to traditional water heaters. However, the energy savings and longer lifespan often offset this investment over time.
Professional Installation: Proper installation by a certified technician is crucial to ensure the system operates efficiently and safely.
Cold Weather Performance: In extremely cold temperatures, such as those experienced in Edmonton, gas-powered tankless systems may require additional insulation or adjustments to prevent freezing.

Conclusion: Why Tankless Water Heaters Are Perfect for New Edmonton Homes

Tankless water heaters are a game-changing upgrade for new homes in Edmonton. Their energy efficiency, endless hot water supply, compact design, and long lifespan make them an excellent choice for modern homeowners. As more Edmonton builders and homeowners prioritize sustainability and advanced technology, the demand for tankless systems continues to grow.

If you’re building or buying a new home in Edmonton, consider investing in a tankless water heater. Not only will it enhance your daily comfort, but it will also add long-term value to your property while reducing your environmental impact.

Have more questions about Tankless Water Heaters in New Homes Contact Chris Reid Edmonton REALTOR®.

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Sherwood Park Real Estate: Market Trends and Investment • 10 April 2025

Sherwood Park Real Estate Market Update: March 2025 Statistics

by Christina Reid

Sherwood Park Real Estate Market Century 21 Leading Realtor Chris Reid

Sherwood Park Real Estate Market Update: March 2025 Statistics

The Sherwood Park real estate market has shown strong growth despite some fluctuations in year-to-date numbers. In this blog, we’ll dive deep into the latest market trends, including sold properties, average sales prices, and the average number of days on the market, helping potential buyers and sellers navigate this dynamic real estate landscape.

Sherwood Park, located just east of Edmonton, continues to be one of the most sought-after communities for homebuyers in the Edmonton Metropolitan Region. Known for its family-friendly atmosphere, proximity to the city, and excellent schools and amenities, Sherwood Park remains a prime choice for those looking to live outside the hustle and bustle of downtown Edmonton but still want access to all the benefits of urban living.

Interactive bar graphs

Sherwood Park New MLS® Listings

There were 174 new listings in March, consistent with the same number from 2024. The supply of homes remains steady, which supports the ongoing demand from buyers.

Average List Price

The average asking price for homes in Sherwood Park has risen by 9.58%, bringing the average asking price to $510,000. This is a strong indicator that sellers are gaining confidence, and the demand for homes is pushing prices higher.

Sherwood Park Home Sales

In March 2025, there were 143 sold properties, marking a 13.49% increase compared to March 2024. This indicates a positive growth trend in the number of homes sold, which is promising for both buyers and sellers in Sherwood Park.

Year-to-date sales show a slight decline of 3.29%, with 294 sold properties in 2025 compared to 304 in 2024. This minor dip might be attributed to seasonal factors or market adjustments but is not significant enough to cause concern in the broader market trend.

Average Sale Price

The average sale price for March 2025 stands at $491,000, marking a 5.38% increase compared to the previous year. Year-to-date, the average sale price has increased by 8.60% from $452,000 in 2024 to $491,000 in 2025.

Ask-to-Sell Ratio: The average ask-to-sell ratio stands at 1.023, a 3.53% increase from the previous year. This means homes are selling at a slightly higher price than the initial asking price, indicating strong demand and buyer willingness to pay a premium for properties in Sherwood Park.

Average Days on Market

One of the more notable trends is the reduction in the average days on market, which decreased by 19.51% from 38 days in 2024 to just 33 days in March 2025. This suggests that homes in Sherwood Park are selling faster, likely due to continued demand and a competitive market.

Why Is the Sherwood Park Market Hot Right Now?

Sherwood Park’s real estate market is driven by several factors that continue to make it an attractive destination for homebuyers.

Family-Oriented Community: Sherwood Park is known for its family-friendly environment, making it ideal for those looking to settle in a suburban community with excellent schools, parks, and recreational facilities. This contributes to a high demand for homes, especially in established neighbourhoods.
Proximity to Edmonton: Just a short 20-minute drive from downtown Edmonton, Sherwood Park provides easy access to the city’s business districts, cultural amenities, and entertainment options, making it a convenient location for professionals working in Edmonton who desire a quieter, suburban lifestyle.
Stable Economy and Growth: The economy in Sherwood Park is strong, with several key industries, including oil and gas, manufacturing, and retail, providing steady job opportunities. The area has seen consistent development, with new businesses, infrastructure projects, and amenities, which helps support the growth of the local housing market.
Quality of Life: With numerous parks, walking trails, and nearby golf courses, Sherwood Park offers a high quality of life. It is well-suited to individuals and families who value outdoor activities, green spaces, and a slower pace of life compared to the city.

What Buyers Need to Know About the Sherwood Park Market

For those looking to purchase a home in Sherwood Park, it’s important to keep a few things in mind:

Competitive Market: With a lower number of days on market, homes in Sherwood Park are selling faster, which means buyers need to be prepared to move quickly when they find a property they love.
Pricing Trends: With prices continuing to rise, buyers should be prepared for higher home costs. It’s essential to set a budget and work with a real estate agent to find homes that meet both your needs and your financial requirements.
Inventory Levels: While the number of new listings has remained steady, the competition can still be fierce, especially in sought-after neighbourhoods. Working with an experienced realtor can help buyers get ahead of new listings and avoid missing out on their ideal home.

What Sellers Can Expect in Sherwood Park

For sellers, the Sherwood Park market offers an excellent opportunity to maximize the value of their homes:

Strong Seller’s Market: With rising prices and properties selling faster, Sherwood Park remains a seller’s market, especially for well-priced homes in desirable locations. Sellers should consider pricing their homes competitively to attract buyers quickly and potentially drive multiple offers.
Increasing Home Values: As the average sale price has increased significantly in recent years, sellers can expect a good return on their investment, especially if their homes are in move-in-ready condition.
Quick Sales: The reduction in days on market means that sellers who price their homes competitively and present them well can expect faster sales. It’s important to work with a skilled real estate agent to ensure your home is marketed effectively to attract the right buyers.

Sherwood Park Neighbourhoods to Watch in 2025

Several neighbourhoods in Sherwood Park are gaining attention for their excellent value and amenities:

Lakeland Ridge: Known for its family-friendly atmosphere, parks, and top-rated schools, Lakeland Ridge remains one of the most popular areas for young families and first-time buyers.
Broadmoor: As one of the oldest neighbourhoods in Sherwood Park, Broadmoor offers larger homes on mature lots, attracting buyers looking for a more established area with easy access to shopping and recreation.
Summerwood: This newer neighbourhood features modern homes and is ideal for those seeking newer construction with access to amenities like shops, restaurants, and schools.

Conclusion

Sherwood Park continues to be a vibrant and growing community, with a real estate market that reflects its popularity. Whether you are looking to buy or sell, the current market trends suggest a great opportunity for both sides. As always, working with an experienced realtor like Christina Reid ensures that you have expert guidance every step of the way.

By staying informed and working with a skilled REALTOR®, you can navigate Sherwood Park’s evolving real estate landscape with confidence.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Sherwood Park real estate market contact Chris Reid

Strathcona County Website

Sturgeon County Real Estate: Market Trends and Investment Opportunities • Sturgeon County Real Estate: Market Trends and Investment Opportunities • 10 April 2025

Rural Sturgeon County Real Estate Market Update: March 2025 Statistics

by Christina Reid

Rural Sturgeon County Real Estate Century 21 Leading Realtor Chris Reid

Rural Sturgeon County Real Estate Market Update: March 2025 Statistics

As of March 2025, the rural Sturgeon County real estate market has experienced notable fluctuations

Rural Sturgeon County, nestled just north of Edmonton, is one of the most desirable places for those seeking peace and privacy without straying too far from city amenities. Whether you’re in the market for an acreage, farm, or recreational property, Sturgeon County offers a wealth of opportunities for both homebuyers and investors. As we head into 2025, let’s dive into the latest trends and figures shaping the real estate market in this rural area.

Interactive bar graphs

Rural Sturgeon County New MLS® Listings

New listings are up by 17.95% year-to-date, indicating that sellers are still entering the market despite fewer sales. As of March 2025, there were 46 new listings.

Average List Price

The average asking price in Sturgeon County has risen by 18.47%, with properties now listed at an average price of $1.04 million, up from $881K in March 2024.

Rural Sturgeon County Home Sales

In March 2025, there were only 14 properties sold, representing a 22.22% drop compared to March 2024. On a year-to-date basis, sales have decreased by 44.23%, with 29 properties sold in 2025 compared to 52 in 2024.

Average Sale Price

The average sale price in Sturgeon County has dropped by 16.25% from March 2024 to March 2025, with the average sales price sitting at $644K. However, on a year-to-date basis, the average sale price has seen a slight increase of 1.87%, reaching $700K in 2025 compared to $687K in 2024.

The ask-to-sell ratio is holding steady, with properties selling at 98.2% of the asking price in March 2025, slightly up from 95.8% in March 2024.

Average Days on Market

Homes in Sturgeon County are selling faster in 2025, with the average days on market dropping by 36.55%. In March 2025, it took an average of 92 days to sell a property, down from 138 days the previous year.

Key Drivers of the Market

Several factors contribute to the current real estate trends in rural Sturgeon County. Let’s explore the key drivers behind the numbers.

Increased Demand for Acreages and Privacy: With many people seeking more space due to the ongoing shift toward remote work, rural properties like those in Sturgeon County are highly sought after. Buyers are looking for peaceful, expansive properties that offer privacy and room for outdoor living while still maintaining access to Edmonton’s amenities.
Strong Market for New Listings: Although sales have decreased, the higher number of new listings indicates that sellers are still confident in the market. These properties typically appeal to buyers who are looking for more affordable options or specific acreage types, like hobby farms, recreational retreats, or homes with more land for future development.
Price Adjustments: While the average sale price has decreased slightly in recent months, asking prices have continued to climb. This suggests that sellers may be overpricing properties relative to what buyers are willing to pay. It also indicates a buyer’s market for well-priced properties, where buyers have more negotiating power.
Higher Interest in Land Investment: Investors are flocking to rural areas like Sturgeon County to capitalize on the potential for land appreciation. Whether it’s for farming, commercial use, or recreational purposes, land in Sturgeon County offers great opportunities for long-term growth.

Neighborhood Highlights in Sturgeon County

Rural Sturgeon County is made up of several vibrant neighborhoods, each offering its own unique appeal. Whether you’re looking for a quiet retreat or a property close to amenities, there is something for everyone.

Gibbons: This charming town in the northeast part of Sturgeon County offers an appealing blend of rural charm and urban convenience. With easy access to Edmonton and nearby Fort Saskatchewan, Gibbons is an attractive option for families and commuters looking for more space and a slower pace of life.
Morinville: Situated to the north of Edmonton, Morinville is a growing community that combines small-town living with a thriving local economy. It’s perfect for those who want a bit more rural space but still enjoy modern conveniences like schools, shopping, and recreational facilities.
Redwater: Known for its agricultural roots, Redwater is an excellent choice for those seeking large acreage properties. The region’s proximity to Edmonton makes it a prime spot for those looking to escape the city while still maintaining close access to urban amenities.
Sturgeon Valley: For those looking for luxurious properties, Sturgeon Valley offers some of the most stunning homes in the county. The valley’s lush greenery and picturesque views make it an ideal location for custom homes and high-end estates.

Investment Potential in Sturgeon County

Sturgeon County presents a solid opportunity for investors looking to capitalize on the area’s growth. The region is seeing an influx of capital, particularly in the agricultural and land sectors. Whether you’re interested in purchasing land for farming, building a custom home, or seeking opportunities for land development, Sturgeon County is proving to be a great investment.

The current downturn in the number of sales may create opportunities for investors to acquire properties at a lower cost, with the potential for appreciation once the market rebounds. With the average asking prices still relatively high, Sturgeon County remains an attractive prospect for buyers who are looking for long-term gains in real estate.

Buyer’s Tips for Navigating the Rural Market

If you are considering purchasing property in Sturgeon County, here are a few tips to help you navigate the current market:

Be Prepared to Negotiate: With the current market conditions, you may have more leverage to negotiate with sellers. Homes may be listed at higher prices than what buyers are willing to pay, so don’t be afraid to make an offer below asking price, especially if the property has been on the market for a while.
Research Local Zoning Laws: Sturgeon County is vast, and properties vary greatly in terms of zoning and land use. Be sure to research zoning regulations to ensure that your intended use for the property aligns with local laws.
Get Pre-Approved for Financing: The market can move quickly, so it’s important to have your financing in place before you start shopping for a home. Being pre-approved will help you act quickly when you find a property you love.
Consider Future Development Potential: Some areas of Sturgeon County are undergoing development, which could increase the value of properties over time. If you’re interested in purchasing land, consider the potential for future growth in the area.

Outlook for the Future of Sturgeon County Real Estate

While the market is currently experiencing some challenges, the long-term outlook for Sturgeon County remains positive. Demand for rural properties is expected to continue as more people seek the benefits of living in a quieter, more expansive environment while still being close to urban amenities.

As the market adjusts, savvy buyers who take advantage of current conditions could stand to gain significant value in the years to come. With rising land values and the ongoing demand for rural properties, now may be the perfect time to enter the market in Sturgeon County.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Rural Sturgeon County real estate market contact Chris Reid

Rural Sturgeon County Website

Rural Lac Ste Anne Acreages • Rural Lac Ste Anne Acreages • 10 April 2025

Lac Ste. Anne Real Estate Market Update: March 2025 Statistics

by Christina Reid

Lac Ste Anne Real Estate Century 21 Leading Realtor Chris Reid

Lac Ste. Anne Real Estate Market Update: March 2025 Statistics

Lac Ste. Anne County real estate market has been experiencing significant growth, with a remarkable increase in both sales activity and property prices.

Lac Ste. Anne County, situated just northwest of Edmonton, Alberta, continues to be an attractive destination for buyers looking for a serene rural lifestyle without sacrificing access to city amenities. Whether you’re seeking a tranquil acreage, a vacation home, or an investment property, Lac Ste. Anne has something to offer. In this blog, we will provide an in-depth overview of the Lac Ste. Anne real estate market, showcasing key insights, trends, and statistics from March 2025 that are shaping the region’s housing landscape.

Interactive bar graphs

Lac Ste Anne New MLS® Listings

In line with the increased demand for properties in Lac Ste. Anne, the number of new listings has also seen a steady rise. In March 2025, there were 77 new listings in the area, representing a 2.67% increase from the same period in 2024. The total number of new listings year-to-date for 2025 has reached 206, marking a 7.29% increase from the previous year.

While the increase in new listings is a positive sign for buyers, the gap between supply and demand remains significant. With the rise in property sales and price growth, many buyers are finding that competition for the available homes is fierce, leading to faster sales and more competitive bidding.

Average List Price

The average asking price for homes in Lac Ste. Anne has also experienced growth. The average asking price for new listings in March 2025 was $365,000, a slight 1.89% decrease compared to March 2024.

Lac Ste Anne Home Sales

The number of sold properties in Lac Ste. Anne County has also seen a remarkable rise, with March 2025 reporting 34 sold properties — a staggering 183.33% increase compared to the 12 properties sold in March 2024. Year-to-date (YTD) data indicates that 76 properties have been sold in 2025, reflecting a 72.73% increase over the same period last year.

Average Sale Price

The average sale price of homes has risen dramatically, reaching $481,000 — a 67.55% increase from the previous year.

The average sale price for properties year-to-date in 2025 has also risen to $435,000, reflecting a 14.18% increase compared to the $381,000 average sale price in the first quarter of 2024. This increase in both asking and sale prices indicates that demand for properties in Lac Ste. Anne County is outpacing supply, which is driving up market values.

Another important metric in understanding the Lac Ste. Anne real estate market is the sale-to-ask ratio, which tracks the percentage of a home’s asking price that buyers are willing to pay. In March 2025, the average sale-to-ask ratio was 96.7%, which is slightly above the 95.6% ratio recorded in March 2024. This indicates that, overall, buyers are willing to pay close to or slightly above the asking price, especially for properties that are well-priced and in desirable locations.

Average Days on Market

The average number of days on market for properties in Lac Ste. Anne County has also increased, rising by 43.90% to 177 days in March 2025, compared to 155 days in March 2024. This increase in time on the market suggests that some properties may still face challenges in finding buyers, particularly those with higher asking prices or less desirable features. However, despite the longer time on market for some properties, the overall market continues to show strong demand, particularly for well-priced homes in sought-after areas.

Types of Properties in Lac Ste. Anne

Lac Ste. Anne County offers a diverse range of properties that cater to various buyer preferences. Whether you’re interested in acreages, recreational properties, or homes in rural communities, this region has something for everyone. Here are some of the most common types of properties you’ll find in Lac Ste. Anne:

Acreages and Rural Properties
Acreages remain one of the most sought-after property types in Lac Ste. Anne, especially for buyers looking for more space, privacy, and proximity to nature. With large plots of land, these properties often provide plenty of room for agricultural activities, gardening, and outdoor recreation.
Recreational Properties
For those seeking a weekend retreat, Lac Ste. Anne offers an abundance of recreational properties, many of which are located near the beautiful Lac Ste. Anne Lake. These properties are ideal for boating, fishing, and other outdoor activities, providing a perfect escape from city life.
Residential Homes in Rural Communities
In addition to acreages and recreational properties, there are also residential homes available in small rural communities throughout Lac Ste. Anne County. These homes offer a balance of country living with access to essential services and amenities, making them attractive to families and retirees alike.

Why Lac Ste. Anne is Becoming a Hot Market

Several factors are driving the demand for real estate in Lac Ste. Anne County. Here are some of the key reasons why this region is becoming an increasingly popular destination for buyers:

Proximity to Edmonton
Lac Ste. Anne’s location, just 45 minutes northwest of Edmonton, makes it an attractive option for those who want the peace and tranquility of rural living while still being close to the city. The ability to commute to Edmonton for work or leisure while enjoying the natural beauty of the area is a significant draw for many buyers.
Outdoor Recreation
Lac Ste. Anne County is known for its natural beauty and outdoor recreational opportunities. With a variety of lakes, parks, and hiking trails, the region offers ample opportunities for boating, fishing, hiking, and wildlife watching. These outdoor activities make the area especially attractive to nature lovers and outdoor enthusiasts.
Rural Lifestyle with Modern Amenities
For many, the rural lifestyle offers the perfect balance of tranquility and convenience. While Lac Ste. Anne County offers peaceful living away from the crowds, it still provides easy access to urban amenities, including shopping, healthcare, and entertainment in nearby Edmonton.
Strong Market Growth
The impressive market growth in Lac Ste. Anne, with rising sales prices and increased property demand, indicates that the area is becoming a more desirable location for both buyers and investors. As more people look to invest in rural properties, Lac Ste. Anne is becoming an increasingly competitive real estate market.

Conclusion

Lac Ste. Anne County continues to see strong growth in its real estate market, with a significant increase in property sales and rising prices. Whether you’re interested in an acreage, a recreational property, or a home in a rural community, Lac Ste. Anne offers an abundance of real estate opportunities for buyers seeking a peaceful lifestyle with easy access to Edmonton.

As we move further into 2025, it’s clear that Lac Ste. Anne will remain a hot market for both buyers and sellers. If you’re considering purchasing property in the area, now is the time to explore your options and take advantage of this growing market.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Lac Ste Anne real estate market contact Chris Reid

Lac Ste Anne County Website

Devon, Alberta: Real Estate Market Trends and Investment Opportunities • 10 April 2025

Devon Real Estate Market Update: March 2025 Statistics

by Christina Reid

Devon real estate market Century 21 Leading Realtor Chris Reid

Devon Real Estate Market Update: March 2025

The Devon real estate market is seeing some interesting shifts in 2025. The town has witnessed notable changes in property sales, average asking prices, and new listings compared to previous years. For prospective buyers and investors, it’s essential to understand these trends to make informed decisions.

Interactive bar graphs

Devon New MLS® Listings

Devon is seeing an increase in new listings, with 16 properties listed for sale in March 2025. This marks a staggering 128.57% increase compared to the same month in 2024, which had only 7 new listings. The YTD figures are even more telling, with 31 new listings in 2025, up from 31 in 2024, showing that the market is staying active with new homes coming onto the market regularly.

For potential buyers, this influx of new listings presents a valuable opportunity to find a home in Devon, whether you’re searching for a starter home, a larger family residence, or even a more affordable property compared to Edmonton’s more competitive market.

Average List Price

The average asking price for properties in Devon has experienced a decline in recent months. As of March 2025, the average asking price for homes in Devon stands at $333K, reflecting a 12.11% decrease compared to March 2024. Despite this drop, the YTD figures indicate a positive shift, with the average asking price in 2025 at $570K, a 27.77% increase over the previous year. This suggests that while the asking price has dipped in recent months, the overall trend for the year is leaning towards higher asking prices.

Devon Home Sales

In March 2025, Devon saw a total of 10 sold properties, marking a significant 28.57% decrease from the same month in 2024. However, the year-to-date (YTD) figures for 2025 show a 20.00% increase in the number of properties sold, with 30 homes sold so far, compared to 25 homes in the first quarter of 2024. This indicates a positive trend in market activity, despite the temporary dip in March sales.

For those considering selling their homes, it’s worth noting that the Devon real estate market is still active, with a steady number of buyers seeking properties. Even though the number of sold homes may have decreased in March, the overall upward trajectory in sales this year suggests that there’s continued demand for Devon real estate.

Average Sale Price

When looking at the average sale price, we can see a more noticeable decrease. In March 2025, the average sale price in Devon was $376K, which represents a 17.82% decrease from the previous year. However, the YTD average sale price is $407K, which is a 6.24% decrease compared to 2024. This indicates that while the market is experiencing some fluctuations, the overall price point for homes in Devon remains relatively stable, especially when looking at the broader picture for the year.

Average Days on Market

One of the most telling signs of market health is how long properties stay on the market. In Devon, properties are currently selling much faster than in the previous year. As of March 2025, homes in Devon are selling in an average of 14 days, which is a dramatic 80.56% decrease compared to the 47 days on market in March 2024. This is a strong indicator that homes in Devon are attracting interest and selling quickly, a trend that bodes well for both buyers and sellers.

Devon’s Market for Buyers and Sellers

For homebuyers, Devon offers a unique opportunity to purchase property in a town that boasts both affordability and access to the amenities of Edmonton. The real estate market here presents a broad range of housing options, from starter homes to more spacious family properties. With the average sale price being lower than Edmonton, buyers can enjoy more value for their money while still benefiting from the town’s proximity to the city.

On the flip side, sellers in Devon are also benefiting from the competitive market conditions. The decreased days on market and relatively steady sale prices indicate that properties are in demand. Sellers looking to list their homes in Devon can expect a faster sale than in larger urban markets, which means less time waiting for an offer.

Why Choose Devon?

While Devon’s real estate market is experiencing some fluctuations, the town itself continues to be an attractive destination for buyers. Located just a 30-minute drive from Edmonton, Devon offers a peaceful retreat from the hustle and bustle of city life, making it perfect for families, retirees, and professionals seeking a quieter lifestyle.

Here are some reasons why Devon is an excellent place to consider for homeownership:

Affordable Housing Options: Compared to Edmonton, Devon’s real estate prices are more affordable, making it an ideal location for first-time buyers, growing families, and investors.
Scenic Beauty: The town’s natural surroundings, including the North Saskatchewan River and surrounding parks, make Devon an attractive place to call home.
Family-Friendly Community: Devon’s small-town feel, coupled with great local schools and amenities, makes it an ideal location for raising a family.
Proximity to Edmonton: With easy access to the Edmonton International Airport and major highways, commuting to the city is a breeze for residents.
Recreational Opportunities: Devon offers numerous parks, trails, and recreational facilities, ensuring that residents have plenty of outdoor activities to enjoy year-round.

What Buyers Need to Know About the Devon Market

If you’re looking to purchase a home in Devon, here are a few key points to keep in mind:

Work with a Local Real Estate Agent: Devon’s real estate market can be competitive, so it’s important to have a knowledgeable agent who understands the area and can help you navigate the market.
Understand Market Conditions: As we’ve seen, the market in Devon can fluctuate. Stay informed about current asking prices and the average time on the market to make sure you’re buying at the right time.
Be Ready to Act Fast: With properties selling in an average of 14 days, be prepared to move quickly if you find a home that fits your needs.
Look for Long-Term Value: Devon’s real estate market has shown stability over the years, which makes it an appealing long-term investment for buyers looking for lasting value.

Conclusion

Devon, Alberta, is an up-and-coming town that offers a unique opportunity for homebuyers looking for a balance between affordability, proximity to Edmonton, and a family-friendly atmosphere. While the market has seen some fluctuations, the overall trend for the year remains positive, with steady sales, new listings, and homes selling quickly. Whether you’re a first-time homebuyer, a growing family, or an investor, Devon’s real estate market is worth considering.

By staying informed about the latest market trends and working with a knowledgeable local real estate agent, you can make an informed decision when purchasing a home in this charming Alberta town.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Devon real estate market contact Chris Reid

Town of Devon Website

Leduc, Alberta Real Estate Market Trends and Investment Opportunities • 10 April 2025

Leduc Real Estate Market Update: March 2025 Statistics

by Christina Reid

Leduc real estate Century 21 Leading Realtor Chris Reid

Leduc Real Estate Market Update: March 2025

The Leduc real estate market is experiencing notable trends in 2025, with an intriguing combination of rising prices and decreasing sales. For potential buyers and sellers, understanding these trends is crucial to making informed decisions in a fluctuating market. Here’s a comprehensive breakdown of the latest data from March 2025.

As of March 2025, Leduc has witnessed a shift in both the volume of sales and average prices. While the number of sold properties has decreased, the average price has seen significant growth, reflecting the dynamics of the current real estate environment.

Key Market Statistics for March 2025

Sold Properties: 64 (a 23.81% decrease from March 2024)
Year-to-Date (YTD) Sold Properties: 184 (down 7.07% compared to YTD 2024)
Average Asking Price: $496K (up 12.04% from March 2024)
YTD Average Asking Price: $522K (up 12.84% from YTD 2024)
New Listings: 95 (a 6.86% decrease from March 2024)
Days on Market Until Sale: 48 days (a 14.29% decrease from the previous year)
Average Sale Price: $468K (a 16.52% increase from March 2024)
YTD Average Sale Price: $437K (up 9.06% from YTD 2024)
Average Ask to Sell Ratio: 0.989 (a slight decrease from 0.991 in March 2024)

Interactive bar graphs

Leduc New MLS® Listings

Leduc is experiencing fewer new listings, with only 95 properties coming onto the market in March 2025. This 6.86% decrease could indicate that homeowners are hesitant to sell, possibly due to the rising prices and uncertainty in the market. A lower number of new listings could contribute to price hikes, as demand outstrips available inventory.

Average List Price

One of the standout trends in Leduc is the sharp increase in average home prices. The average sale price for March 2025 reached $468,000, marking a 16.52% rise compared to March 2024. This growth in prices is in line with a general trend of price increases in surrounding markets and could be attributed to factors like demand outpacing supply and rising construction costs.

Leduc Home Sales

Despite a strong average price increase, the number of properties sold in Leduc has seen a significant decline. March 2025 saw only 64 properties sold, a drop of nearly 24% from the previous year. This suggests a slowdown in the market, potentially due to higher asking prices or fewer buyers active in the market.

Average Sale Price

Looking at year-to-date figures, Leduc’s average sale price has also risen by 9.06% to $437,000, compared to the same period in 2024. This consistent growth highlights Leduc’s desirability as a suburban community close to Edmonton.

Average Days on Market

Homes in Leduc are selling faster than last year, with an average of 48 days on the market. This is a 14.29% decrease in time compared to 2024, suggesting that buyers are eager to secure properties as soon as they are listed, despite the high prices. This is a sign of strong demand and competitive conditions in the market.

What This Means for Buyers and Sellers in Leduc

For buyers, the market presents a challenging landscape. With fewer properties available and rising prices, finding a good deal may require patience and a readiness to act quickly. The average sale price has increased significantly over the past year, so prospective buyers should be prepared for higher costs, even if they’re looking at homes that may have been more affordable in the past.

On the other hand, sellers in Leduc may find this to be a favourable time to list. The rising average prices and decreasing days on the market indicate that buyers are still actively looking. If you are considering selling, the competitive atmosphere could lead to a quicker sale, potentially at or above your asking price. However, pricing your property correctly will be key to attracting serious buyers in this fluctuating market.

Factors Driving Leduc’s Real Estate Market

Several factors are influencing the Leduc market in 2025:

Location: Leduc is ideally located near Edmonton, making it an attractive option for those looking for suburban living with access to city amenities.
Economic Growth: As the economy continues to stabilize post-pandemic, real estate in areas like Leduc is benefiting from a steady influx of people moving to the region for work and lifestyle opportunities.
Interest Rates: With interest rates still a key consideration for many buyers, those looking for financing may need to plan carefully. High interest rates can impact purchasing power, potentially reducing the number of qualified buyers in the market.

Looking Ahead: What to Expect in Leduc’s Real Estate Market

In the coming months, Leduc’s real estate market is likely to remain dynamic, with fluctuating prices depending on demand and inventory levels. While it’s hard to predict precisely, the current trend suggests that average prices will continue to rise, though slower than the sharp increases observed in 2024 and early 2025.

Buyers and sellers alike should stay informed on market conditions and be prepared to make quick decisions when the right opportunity arises. As always, consulting with a knowledgeable real estate professional is essential to navigating the complexities of the market.

Conclusion

The Leduc real estate market in March 2025 shows a blend of rising prices and decreased sales, reflecting broader trends in the suburban housing market. Whether you are looking to buy or sell, understanding the current state of the market is critical for success. For sellers, the rising prices and faster sales may present an ideal time to list, while buyers should approach the market with caution and readiness.

By staying informed and working with a skilled REALTOR®, you can navigate Leduc’s evolving real estate landscape with confidence.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Leduc real estate market contact Chris Reid

City of Leduc Website

Edmonton Real Estate Market Trends and Insights • 10 April 2025

Edmonton Condo Market Update: March 2025 Statistics

by Christina Reid

Edmonton Condos Century 21 Leading Realtor Chris Reid

Edmonton Condo Market Update: March 2025

The Edmonton condo market has seen a variety of trends in recent years, and March 2025 is no exception. With increases in sales and average sale prices, there are several factors that potential buyers and investors should be aware of. Whether you’re looking for your first home, upgrading, or investing in real estate, understanding the dynamics of Edmonton’s condo market can help you make informed decisions.

Interactive bar graphs

Edmonton Condo New Listings

The number of new listings has increased by 8.99% year-over-year, with 655 new listings in March 2025. This indicates that more sellers are entering the market, likely in response to the growing demand and higher prices. The increase in listings provides more options for buyers, but it also contributes to a competitive environment.

Average List Price Condo

As of March 2025, the average asking price for Edmonton condos is $242,000, up 5.18% from the previous year.

Condo Sales Edmonton

The Edmonton apartment condo market has shown positive growth in 2025. According to the latest data, the number of properties sold has increased by 6.18% compared to March 2024, with 361 condos sold. This suggests a healthy demand for apartment condos in the city. The year-to-date (YTD) figures also reflect a strong market, with 881 condos sold, up 5.64% from the same period last year. The market is clearly experiencing growth, which is important for both buyers and sellers.

Average Sale Price Edmonton Condos

The average sales price has increased by 13.75% from March 2024, reflecting a strong seller’s market. The YTD average sale price of $211,000 is 14.79% higher than last year. This price increase indicates a healthy real estate market in Edmonton, one that continues to attract both local and out-of-town buyers.

Why Prices Are Rising

Several factors contribute to the increase in Edmonton’s condo prices. First, there is a clear demand for affordable housing, especially in urban areas. As the city’s population continues to grow, the demand for condos has risen. This trend is driven by a combination of factors, including:

Urbanization and Lifestyle Preferences: Many people are opting for condo living due to its convenience, lower maintenance, and proximity to amenities like public transit, shopping, and dining.
Interest Rates and Financing: The low-interest-rate environment has made financing more affordable for buyers, contributing to the higher demand for condos. Even with recent shifts in interest rates, condos remain an attractive option for many buyers.
Shift in Buyer Preferences: Younger generations, especially millennials, are choosing condos over traditional single-family homes for their affordability and lifestyle benefits.

These factors combine to create a competitive market where prices are rising, making it an ideal time for sellers but also a challenging environment for buyers looking for bargains.

Average Days on Market

Condos are selling faster in 2025, with the average days on market until sale dropping to 69 days from 79 days in 2024. This 5.95% decrease suggests that buyers are moving quickly to secure properties, possibly due to the rising prices and higher demand.

Why Invest in Edmonton Apartment Condos?

Edmonton has long been known for its strong real estate market, and the apartment condo sector is no exception. There are several reasons why investing in Edmonton condos can be a smart financial move:

Strong Rental Demand: With many people moving to Edmonton for work or education, the demand for rental properties remains high. Condos are an ideal rental option, offering a more affordable entry point for renters compared to single-family homes. This makes apartment condos a good option for real estate investors seeking steady cash flow.
Growing Population: Edmonton’s population is steadily growing, creating more demand for housing. The city has been expanding due to its strong economy, diverse job market, and the influx of people from other regions. This population growth is expected to continue, further increasing the demand for condos.
Affordable Investment Opportunities: Compared to other major Canadian cities, Edmonton offers more affordable real estate. This makes it an attractive option for investors looking for a cost-effective way to enter the market. With a relatively lower entry price, investors can expect good returns as the market continues to grow.
Appreciation Potential: As demonstrated by the recent price increases, condos in Edmonton have seen steady appreciation over time. For investors, this means the potential for long-term capital gains as condo values rise.

Types of Condos in Edmonton

Edmonton’s condo market is diverse, offering a range of options for both buyers and investors. Some of the most popular types of condos include:

High-Rise Condos: Located in the heart of downtown and other urban areas, these condos offer spectacular views of the city skyline and easy access to amenities. They are typically more expensive than other types of condos, but they offer the benefit of prime locations.
Low-Rise Condos: These condos are generally more affordable and can be found in suburban areas. They offer more space than high-rise condos, making them a good option for buyers who want a balance between cost and convenience.
Townhouse Condos: These offer a more traditional home-like experience while still providing the benefits of condo living. Townhouse-style condos are often in more family-friendly neighbourhoods and are ideal for buyers who want more space without the maintenance hassles of a single-family home.
New Construction Condos: With new developments taking place throughout the city, there are many modern condos to choose from. New construction condos come with the latest amenities and designs, making them an attractive option for buyers looking for move-in-ready homes.

The Buying Process: What to Expect

If you’re considering buying a condo in Edmonton, it’s essential to understand the process. Here’s what you can expect:

Pre-Approval and Budgeting: Before you begin looking at condos, it’s crucial to get pre-approved for a mortgage. This will give you a clear idea of how much you can afford and help you narrow down your options.
Choosing the Right Condo: With so many options available, it can be overwhelming to choose the right condo. Consider your budget, lifestyle, and long-term plans. Are you looking for a condo to live in or an investment property? What amenities are important to you?
Making an Offer: Once you’ve found the right condo, your realtor will help you make an offer. Keep in mind that the Edmonton condo market is competitive, so you may need to act quickly if you find a property you love.
Finalizing the Purchase: Once your offer is accepted, you’ll need to complete the necessary paperwork, conduct inspections, and secure financing. The process can take several weeks, but with the help of an experienced realtor, it will go smoothly.
Closing: The final step is the closing, where ownership of the condo is transferred to you. After the closing, you’ll officially be the owner of your new condo!

Conclusion

The Edmonton apartment condo market is thriving in 2025, with strong growth in sales and prices. Whether you’re buying a condo for personal use or as an investment, now is an excellent time to get involved in this dynamic market. By understanding the trends and the types of condos available, you can make an informed decision and find the perfect condo for your needs.

If you’re looking to buy or invest in Edmonton condos, feel free to reach out to me, Chris Reid, at Century 21 Leading. I’m here to help you navigate the Edmonton real estate market and find the condo of your dreams!

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on the Edmonton condo market contact Chris Reid

City of Edmonton Website

Fort Saskatchewan Real Estate Market Statistics • Fort Saskatchewan Real Estate Market Statistics • 10 April 2025

Fort Saskatchewan Real Estate Market- March 2025

by Christina Reid

Fort Saskatchewan Real Estate Century 21 Leafing Realtor Chris Reid

Fort Saskatchewan Real Estate Market March 2025

Fort Saskatchewan real estate market trends for March 2025 show some shifts that reflect broader economic trends and local demand dynamics.

Fort Saskatchewan, located in the heart of Alberta, has become an increasingly desirable location for home buyers and investors. Known for its rich history, family-friendly atmosphere, and convenient proximity to Edmonton, this city has experienced significant growth in its real estate market in recent years.

Bar Graphs Below Are Interactive

Fort Saskatchewan New MLS® Listings

The number of new listings in Fort Saskatchewan remained stable, with 96 new homes hitting the market in March 2025, which represents a 0% change compared to the same month in 2024. However, the year-to-date comparison shows a 3.24% increase in new listings, with 255 homes listed so far this year, compared to 247 last year.

The stable inventory combined with increased demand points to a competitive market, where buyers may face some challenges in finding their ideal home. This trend reflects Fort Saskatchewan’s growing reputation as an attractive place to live, particularly for those looking for a quieter suburban lifestyle with easy access to Edmonton.

Fort Saskatchewan Average List Price

The average asking price has decreased slightly. In March 2025, the average asking price was $427,000, a decrease of 25.10% from the previous year, when the average was $516,000. This reduction in asking price might be attributed to the shifting dynamics in both the local and broader Canadian real estate markets, where price corrections are being observed.

Fort Saskatchewan Home Sales

The Fort Saskatchewan real estate market saw an increase in the number of sold properties, with 77 homes sold, marking a significant 11.59% increase from March 2024. Year-to-date (YTD), there were 193 properties sold by the end of March 2025, showing a remarkable 19.88% increase compared to the same period in 2024. This suggests that the demand for homes in the city is strengthening, with more buyers entering the market than the previous year.

Fort Saskatchewan Average Home Sale Price

Homes are selling in Fort Saskatchewan at an average price of $402,000, which represents a 2.33% decrease compared to March 2024. However, when looking at the year-to-date figures, the average sale price for 2025 stands at $408,000, showing a slight decrease of 3.16% compared to the same period in 2024.

Average Days on Market

The average number of days on the market before a home is sold in Fort Saskatchewan has decreased significantly. As of March 2025, homes in the area were taking an average of 49 days to sell, marking a 15.52% reduction from March 2024, when the average was 55 days. Year-to-date, the decrease is even more pronounced, with properties selling 31.25% faster in 2025 compared to the previous year.

This decrease in the number of days on the market suggests that homes are selling quicker, driven by the increasing demand and possibly a shortage of available listings. Buyers are finding homes they like more quickly, making for a faster-paced market.

Fort Saskatchewan Real Estate Trends: What to Expect

As we progress through 2025, several trends are emerging that will shape the Fort Saskatchewan real estate market.

1. Price Adjustments Reflecting Market Conditions

The slight reduction in asking and sale prices is indicative of a broader real estate price correction seen across many parts of Canada. While the market has seen strong growth over the last few years, this price adjustment could make homes more accessible for first-time buyers and those looking for better value for money.

2. Buyer Demand Remains Strong

Despite the price adjustments, the strong demand for homes in Fort Saskatchewan shows no signs of slowing down. The 11.59% increase in homes sold year-over-year and the 19.88% increase year-to-date are a testament to the ongoing appeal of this area. Fort Saskatchewan’s strong community spirit, excellent schools, and recreational amenities continue to attract young families and individuals seeking a peaceful lifestyle with easy access to Edmonton.

3. Limited Supply is Fueling Competition

With the inventory of available homes remaining relatively stable, prospective buyers may find themselves in bidding wars for the best properties. This competition, combined with the relatively short time homes are spending on the market, means that buyers need to be prepared to act quickly. Sellers can benefit from this demand by pricing their properties strategically to attract the best offers.

4. Opportunities for First-Time Homebuyers

For first-time homebuyers, the Fort Saskatchewan market continues to offer opportunities, especially with the adjustments in price. First-time buyers may find that they are now able to enter the market with a more affordable price point compared to the recent past. Additionally, with the relatively low number of days on market, it’s clear that well-priced homes in good condition will not last long, making it important to move quickly.

5. Investment Potential for Buyers and Sellers

Fort Saskatchewan’s growth in terms of real estate activity presents strong opportunities for both buyers and investors. The increasing demand for homes, coupled with rising prices, signals that properties in the area are a solid investment. Whether you’re a buyer looking for your forever home or an investor searching for profitable rental properties, Fort Saskatchewan presents a dynamic market to explore.

Key Takeaways for Buyers and Sellers in Fort Saskatchewan

As of March 2025, Fort Saskatchewan’s real estate market shows signs of steady growth, with rising demand and relatively stable inventory levels. However, the slight price adjustments and quicker sale times suggest that this market is highly competitive. Buyers should be prepared to move fast and have their financing in order, while sellers can take advantage of the strong demand to secure top-dollar offers.

Buyers looking for an affordable yet desirable location near Edmonton will continue to find Fort Saskatchewan an appealing choice, especially as home prices remain lower than in other areas of the Edmonton Metropolitan Region. Sellers can benefit from pricing their homes competitively, as homes are selling faster than in previous years.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Are you considering buying or selling or just interested in more information on the real estate market in Fort Saskatchewan? CONTACT ME HERE

City of Fort Saskatchewan Website

St. Albert Real Estate Market Update: March 2025

by Christina Reid

St. Albert real estate Century 21 Leading Realtor Chris Reid

St. Albert Real Estate Market Update: March 2025

As of March 2025, the St. Albert real estate market has seen a considerable uptick in several key metrics. According to the latest data from the REALTORS® Association of Edmonton, the number of properties sold in St. Albert has increased by 27.19% year-over-year, with 145 properties sold in March 2025, compared to 114 in March 2024. This surge reflects the strong demand in the area, indicating that buyers are actively searching for homes and capitalizing on current market conditions.

St. Albert, a thriving city located just north of Edmonton, continues to experience an active and competitive real estate market. With its family-friendly atmosphere, close proximity to the capital city, and a variety of housing options, St. Albert has long been a desirable destination for both buyers and sellers. As we move through March 2025, it’s clear that the market is in a state of growth, with a significant increase in sold properties and average sale prices. This article will delve into the current state of the St. Albert real estate market, analyzing key trends, offering insights into the latest data, and discussing what it means for prospective homebuyers, investors, and sellers alike.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

The number of new listings in St. Albert has decreased by 4.35%. In March 2025, 176 new listings came to market, which is a slight decrease compared to the same month in 2024. However, when looking at the year-to-date figures, the total number of new listings has actually increased by 5.95%, rising from 437 listings in 2024 to 463 in 2025.

The decrease in new listings may indicate that homeowners are holding off on selling their properties, perhaps due to uncertainty in the broader economy or a desire to capitalize on rising home values. This may also suggest that sellers are increasingly staying put, reducing the overall supply of available homes in the market, which is contributing to the increase in home prices.

Average List Price

St. Albert’s real estate market is seeing steady growth in home prices, which is in line with broader market trends throughout the Edmonton region. The average sale price has increased by 4.51% year-over-year, signalling that demand for homes in St. Albert is still strong. As prices continue to climb, both buyers and sellers must be aware of the shifting market dynamics.

For buyers, this means they will need to be prepared for higher prices compared to previous years. It also underscores the importance of working with an experienced real estate professional who can help navigate this competitive market and ensure that offers are competitive. Sellers, on the other hand, can take advantage of rising prices, but must also be mindful of pricing their homes strategically to avoid overpricing, which can lead to extended market times.

St. Albert Home Sales

In total, there have been 310 properties sold in St. Albert year-to-date (YTD) for 2025, showing a 19.69% increase over the same period in 2024. This growth underscores the continued interest in the city, particularly for those looking for family homes or properties with larger lots.

Average Sale Price of Homes

When it comes to the average sale price, homes in St. Albert are being sold at an average price of $527,000, marking a 4.51% increase from March 2024. On a year-to-date basis, the average sale price has risen by 1.25%, from $497,000 in 2024 to $503,000 in 2025. These figures suggest that despite market fluctuations, St. Albert’s real estate market remains strong and offers significant potential for both buyers and sellers.

Increased Ask-to-Sell Ratio

The average ask-to-sell ratio in St. Albert is currently at 1.004, reflecting a slight increase from 0.988 in 2024. This metric suggests that homes are selling at or slightly above the asking price, a common trend in a seller’s market. The increase in the ask-to-sell ratio further highlights the competitiveness of the market, as buyers are often willing to pay more than the listing price to secure a property in this desirable community.

Days on MLS®

One of the most significant changes in the St. Albert market is the reduction in the number of days properties are spending on the market before being sold. In March 2025, the average days on market for sold properties was just 43 days, a substantial drop of 31.75% compared to March 2024, when the average was 46 days. This decrease is indicative of a quicker-paced market where properties are being sold faster, likely due to high demand and limited inventory.

This shorter time on market can be attributed to a combination of factors, including more competitive pricing, an increase in homebuyers’ activity, and a more robust overall economy. Buyers are increasingly eager to make quick decisions, which often results in multiple offers on homes and faster sales.

What This Means for Homebuyers and Sellers

For Homebuyers

St. Albert continues to be an attractive option for buyers, particularly those looking for family-friendly communities with access to top-rated schools, parks, and amenities. With rising prices and competitive market conditions, it’s crucial for buyers to act quickly and make competitive offers when they find a home they like.

It’s also important for buyers to get pre-approved for financing early in the process. This will ensure that they are ready to make offers quickly, which is key in a market where homes are selling faster than ever. Working with a knowledgeable REALTOR® who has experience in the St. Albert market will give buyers a significant advantage.

For Sellers

Sellers in St. Albert are in a favourable position, as demand for homes is strong and prices are continuing to rise. However, it’s essential for sellers to price their homes strategically to avoid the potential pitfall of overpricing. Overpricing a home can lead to longer market times and reduced buyer interest. Working with an experienced REALTOR® will help sellers understand market conditions and ensure their home is priced to sell quickly and for the best possible price.

Looking Ahead: Future Trends in St. Albert Real Estate

As we move into the second quarter of 2025, the St. Albert real estate market is expected to continue its upward trajectory. Factors such as low inventory, high demand, and rising home prices are likely to keep the market competitive. However, buyers should be prepared for potential interest rate changes and other economic factors that could influence home buying decisions.

Sellers will continue to benefit from a market where demand is high and prices are strong, but they must be mindful of pricing their homes correctly to avoid the risk of extended market times. Ultimately, whether you are buying or selling in St. Albert, staying informed about market trends and working with an experienced real estate professional will be key to achieving success.

Conclusion

St. Albert’s real estate market in March 2025 is in a state of growth, with rising prices, a strong increase in sales, and faster property turnover. The demand for homes remains robust, with fewer new listings and more competitive pricing in the area. Whether you’re a first-time homebuyer, an investor, or a seasoned homeowner looking to sell, understanding the current dynamics of the St. Albert real estate market is essential to making informed decisions. As we head into the spring season, expect continued competition in the market, but also numerous opportunities for those ready to seize them.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Interested in buying or selling in the St. Albert real estate market CONTACT CHRIS REID

St. Albert Website

Edmonton Real Estate Market Trends and Insights • 10 April 2025

Edmonton Detached Single Family Home Sales March 2025

by Christina Reid

Edmonton Single Family Homes Century 21 Leading Realtor Chris Reid

Edmonton Detached Single Family Home Market: March 2025 Update

The Edmonton detached single family real estate market continues to show intriguing trends. The city’s single-family home market has experienced shifts that are crucial for both buyers and sellers to understand. In this blog post, we will dive into the latest data for March 2025, providing insights on sold properties, average prices, and days on the market.

Edmonton’s Single Family Home Market Overview

The Edmonton real estate market has been an area of consistent growth, but it has not been immune to broader economic changes. For those considering buying or selling a single-family home in Edmonton, understanding the trends in pricing, inventory, and market activity is essential.

Interactive bar graphs

Edmonton New Single Family Home Listings

In March 2025, there were 1,440 new listings, a 4.03% increase compared to the 1,380 new listings in March 2024. The increase in new listings indicates that sellers are active in the market, which provides more options for buyers looking for single-family homes in Edmonton.

Average Asking Price

In March 2025, the average asking price for a single-family home in Edmonton was $621K, representing a 3.54% increase from March 2024. Over the course of the year, the average asking price for homes has increased by 5.88%, from $592K in 2024 to $626K in 2025.

Edmonton Single Family Home Sales

Sold Properties: In March 2025, 918 single-family homes were sold, marking a 2.24% decrease compared to March 2024, which had 939 sales. While this decrease suggests a slight slowdown, the market remains relatively stable, especially considering other market factors.

Year-to-Date (YTD): So far in 2025, there have been 2,136 homes sold, a 6.36% decrease compared to the same period in 2024, where 2,281 homes were sold. This indicates that while the market is cooling slightly, it’s still very much active.

Average Single Family Home Sale Price

The average sale price of single-family homes in March 2025 was $570K. This is an impressive 13.51% increase compared to March 2024, where the average sale price stood at $502K. For the year-to-date figures, the average sale price is $558K, showing a 13.35% increase over last year.

The Ask-to-Sell Ratio provides valuable insight into how close to asking prices homes are actually selling for. In March 2025, the average ask-to-sell ratio was 1.006, which means homes are selling slightly above their asking price. This shows a competitive market where buyers are willing to meet or exceed asking prices to secure a property.

Days on MLS®

Homes in Edmonton are selling faster in 2025 compared to the previous year. The average number of days on the market for single-family homes was 48 days in March 2025, a significant decrease of 18.64% from March 2024, where homes were on the market for 57 days on average. This indicates that homes are selling quicker, suggesting high demand in the market.

Key Factors Impacting the Market

Several factors have contributed to the trends we are seeing in Edmonton’s single-family home market. Let’s break down some of the most important.

1. Demand for Single Family Homes in Edmonton

Despite the minor decrease in the number of sold properties, the demand for single-family homes in Edmonton remains high. The increase in average sale prices reflects strong demand, particularly for well-maintained homes in desirable neighbourhoods. Edmonton’s appeal, with its growing economy, job opportunities, and family-friendly communities, continues to fuel demand.

2. Interest Rates and Affordability

Interest rates play a significant role in the affordability of single-family homes. While the Bank of Canada has made adjustments to interest rates in recent years, their impact on the housing market has been tempered by other factors like economic growth and increased buyer confidence. Even with higher rates, buyers are still finding ways to purchase homes due to the relative affordability of Edmonton homes compared to other Canadian cities.

3. Inventory Levels and New Listings

The increase in new listings indicates that sellers are taking advantage of the high demand in the market. More homes on the market give buyers options but also create competition. The overall inventory in Edmonton remains tight, which is contributing to quicker sales and rising prices.

Trends to Watch in Edmonton’s Single Family Homes Market

While current market conditions are crucial for both buyers and sellers, it’s important to keep an eye on emerging trends. Here are a few to watch in the coming months:

1. Sustainability and Energy-Efficient Homes

As more buyers become conscious of sustainability, the demand for energy-efficient homes and those with sustainable features is expected to rise. Edmonton’s real estate market is beginning to see more homes built with green technologies, including solar panels, energy-efficient appliances, and improved insulation.

2. Increase in Suburban Home Purchases

With the cost of living in urban centres like downtown Edmonton rising, many buyers are looking to the suburbs for more affordable, spacious options. Areas outside the city centre, like Fort Saskatchewan, St. Albert, and the surrounding rural regions, are seeing increased interest from homebuyers seeking larger lots and quieter neighbourhoods.

3. Technology in Home Buying and Selling

The technology used in real estate transactions is also evolving. Virtual tours, 3D walkthroughs, and digital signing of documents are becoming more common, particularly as the market continues to cater to tech-savvy buyers and sellers.

Advice for Buyers and Sellers in the Edmonton Market

For Buyers:

Be Prepared for Competition: With the average sale price increasing and homes selling faster, be ready for potential bidding wars, especially for homes in desirable neighbourhoods.
Get Pre-Approved: To make a strong offer, getting pre-approved for a mortgage is crucial. It shows sellers you’re serious and helps you move quickly when you find the right home.
Look Beyond the Asking Price: The ask-to-sell ratio shows that homes are selling for a little above their asking prices, so you might need to adjust your budget.

For Sellers:

Price Strategically: With homes selling slightly above the asking price, pricing your home correctly is key. Too high a price could deter buyers, while too low could leave money on the table.
Prepare for Quick Sales: Homes in Edmonton are selling faster, so make sure your home is ready to go on the market. Clean and staged homes tend to attract more attention.
Highlight Energy-Efficiency: If your home has energy-efficient upgrades, be sure to highlight these features, as they are becoming increasingly important to buyers.

Conclusion

The Edmonton detached single family home market is showing promising signs of continued growth and stability, despite some slight slowdowns in the number of sales. The increase in average prices, along with quicker sales, shows that the demand for homes in Edmonton remains strong. For both buyers and sellers, the key to success in the Edmonton market lies in staying informed, being prepared, and making strategic decisions based on the latest market data.

If you’re interested in buying or selling a detached home in Edmonton, contact Christina Reid today to get expert advice and guidance tailored to your specific needs.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on buying and selling single family homes in Edmonton CONTACT CHRIS REID

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