Parkland County Real Estate Market Statistics • 4 July 2024

Parkland County Acreage Sales Statistics June 2024

by Christina Reid

Parkland County Acreage real estate statistics

Parkland County Acreage Sales Statistics – June 2024

Parkland County acreage sales has experienced notable trends in its real estate market for acreages in 2024. The overall YTD figures highlight the market’s resilience and potential for growth. The increase in sold properties suggests that while monthly figures may vary, the general trend is positive, signalling strong buyer interest and successful sales.

Parkland County, renowned for its stunning landscapes and desirable rural properties. Understanding these trends is crucial for both buyers and sellers aiming to make informed decisions. This analysis delves into the key metrics and changes observed in the market this year.

Below Graphs Are Interactive

Parkland County Acreage Listings

The number of new listings saw a noticeable decline, with 96 new listings in June 2024, down by 25.58% from the previous year. This reduction in new listings could indicate a tightening supply, potentially driving up competition among buyers and contributing to the increase in average sale prices observed YTD.

Parkland County Average List Price

The average asking price for new listings in June 2024 was $685K. This price shows a 16.3% increase from June 2023.

Parkland County Acreage Sales

In June 2024, there were 66 sold properties, marking a 9.59% decrease compared to June 2023. This reduction reflects a broader trend observed over the year. Despite this, the year-to-date (YTD) statistics show a more positive outlook. By mid-2024, 316 properties had been sold, representing a significant 16.18% increase from 272 properties sold during the same period in 2023. This surge indicates growing interest and demand for Parkland County acreages despite short-term fluctuations.

The number of sold properties has varied month-to-month, with some months showing higher activity than others. This variability is normal in real estate markets, often influenced by factors such as weather, economic conditions, and buyer behaviour patterns.

Parkland County Average Sale Price

The average sale price in June 2024 was also $564K, indicating that sellers are pricing their properties realistically, aligning their asking prices closely with the actual sale prices. On a YTD basis, the average sale price reached $604K, up by 9.83% from $550K in 2023. This increase underscores a healthy appreciation in property values, reflecting the desirability and value of acreages in Parkland County.

The average ask to sell ratio stands at 0.979, a slight increase of 1.02% from the previous year. This ratio suggests that properties are selling very close to their asking prices, reinforcing the trend of realistic pricing by sellers and a balanced market where neither buyers nor sellers hold a dominant position.

Monthly average sales prices have seen fluctuations, with notable peaks and troughs. For instance, in January 2024, the average price was $611K, but it decreased to $564K by June 2024. This volatility reflects typical seasonal patterns and market dynamics.

Parkland County Acreage Days on Market

Properties in Parkland County typically spent 121 days on the market before sale, which is a significant 21% increase compared to the previous year. This longer time on the market could be due to various factors, including higher buyer scrutiny or seasonal variations in demand.

The Parkland County acreage market in 2024 presents a dynamic and evolving landscape. Despite short-term fluctuations, the overall trend points towards a robust and appreciating market. Sellers are achieving close to their asking prices, and property values have seen significant increases, especially in the higher-end market segments. For buyers, understanding these trends and acting strategically is key to securing desirable properties in this competitive market.

For more detailed insights and personalized advice, contact local real estate experts who can provide tailored guidance based on your specific needs and goals.

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 in Parkland County CONTACT CHRIS REID

Parkland County Website

Edmonton Real Estate Statistics – Home Sales June 2024

by Christina Reid

Edmonton Real Estate Statistics – June 2024

The Edmonton real estate statistics in have seen significant changes throughout 2024. With a blend of rising property values, increased sales volume, and evolving market dynamics, it’s an exciting time for both buyers and sellers. Let’s delve into the detailed statistics and trends shaping the Edmonton real estate landscape.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

The market has also experienced a healthy influx of new listings:

June 2024: There were 2.76K new listings.
YTD 2024: The total number of new listings has reached 15.2K.

This increase in listings provides more options for buyers and indicates that sellers are eager to capitalize on the rising prices.

Average List Price Edmonton Real Estate Market

The average asking prices have also seen upward movement:

June 2024: The average asking price was $413K, which represents a 6.39% increase from June 2023.
YTD 2024: The average asking price is $404K, a 7.16% rise from the previous year.

Home Sales In The Edmonton Real Estate Market

In 2024, the number of sold properties in Edmonton has shown remarkable growth.

June 2024: There were 1.97K sold properties, a 10.06% increase compared to June 2023.
Year-to-Date (YTD) 2024: There have been 10.7K sold properties, a 34.16% increase from the 7.96K properties sold by this time in 2023.

This surge in sales volume indicates a strong demand in the market, reflecting both the appeal of Edmonton as a residential hub and favourable market conditions.

Edmonton Average Home Sale Price

Sale prices have consistently increased, reflecting a competitive market:

June 2024: The average sale price was $413K, up 6.39% from June 2023.
YTD 2024: The average sale price was $404K, marking a 7.16% increase from 2023.

These statistics suggest that buyers are willing to pay more for properties, likely due to increased demand and perhaps a perception of rising future values.

The average ask to sell ratio has remained stable, slightly improving:

YTD 2024: The ratio was 0.994, a 2.01% increase from the previous year.

This ratio suggests that most properties are selling close to their asking prices, indicating strong buyer interest and fair pricing strategies by sellers.

The monthly sales price trends provide further insights into the market dynamics:

June 2024: The average sales price was $413K.
January to June 2024: The average sales prices were as follows:
- January: $376K
- February: $378K
- March: $381K
- April: $346K
- May: $411K

These figures illustrate a steady increase in prices, with a notable spike in May.

Edmonton Real Estate Market -Average Days

The average days on the market until sale have fluctuated, showcasing market efficiency:

YTD 2024: Properties were on the market for an average of 42 days, a decrease of 34.38% compared to the previous period.

Fewer days on the market generally indicate a seller’s market, where properties are sold quickly due to high demand.

Edmonton’s real estate market is thriving, characterized by high demand, rising prices, and quick sales. For potential buyers and investors, this market presents opportunities for growth and value appreciation. For sellers, the current conditions offer an advantageous time to list properties, with a strong likelihood of achieving desired prices in a timely manner.

The Edmonton real estate market in 2024 is marked by positive trends and robust activity. With continued demand and a favourable economic environment, the market is poised for sustained growth. Whether you’re looking to buy, sell, or invest, staying informed about these trends is crucial for making strategic decisions in this dynamic 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.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

City of Edmonton Website

Spruce Grove Real Estate Statistics • Spruce Grove Real Estate Statistics • 4 July 2024

Spruce Grove Real Estate Market Statistics June 2024

by Christina Reid

Spruce Grove Real Estate Market Statistics – June 2024

The Spruce Grove real estate market has shown significant activity and growth over the past year. As of June 2024, several key metrics illustrate the health and dynamics of the market. This comprehensive analysis dives deep into the statistics, trends, and factors influencing this vibrant market.

More detailed information below

The below graphs are interactive

New MLS® Listing Count

The market dynamics in Spruce Grove are also reflected in the number of new listings. In June 2024, there were 133 new listings, representing a decrease of 7.64% compared to the same month last year. However, the YTD figure tells a different story, with 872 new listings by mid-2024, up 10.94% from 786 in 2023. This increase in new listings suggests that more homeowners are looking to capitalize on the strong market conditions.

Average Listing Price in Spruce Grove

The average asking price in Spruce Grove has seen a noticeable rise. By June 2024, the average asking price was $468K, up 13.66% from the previous year. This increase aligns with the overall trend of rising home prices in the region, driven by high demand and relatively limited supply.

Spruce Grove Home Sales

In June 2024, Spruce Grove saw 113 properties sold, marking a 5.61% increase compared to June 2023. This uptick indicates a healthy demand for homes in the area. On a year-to-date (YTD) basis, 681 properties were sold by mid-2024, a substantial 36.75% increase from the 498 properties sold during the same period in 2023. This sharp rise highlights a robust market with growing buyer interest and activity.

Average Home Sale Price

The average sale price of homes in Spruce Grove also reflects significant growth. In June 2024, the average sale price was $436K, a 12.98% increase from June 2023. Year-to-date, the average sale price was $421K, an 8.04% increase from $390K in 2023. This consistent price appreciation underscores the strong market conditions and the value buyers are placing on properties in the area.

The average ask to sell ratio in Spruce Grove for 2024 stands at 0.996, a slight increase from 0.97 in 2023. This ratio indicates that homes are selling very close to their asking prices, demonstrating realistic pricing by sellers and strong buyer willingness to meet these prices.

The monthly average sales price has shown a steady increase throughout the past year. For instance, in June 2024, the average sales price was $436K, up from $410K in January 2024 and significantly higher than $388K in June 2023. This month-by-month appreciation highlights the sustained growth in property values in Spruce Grove.

Average Days on MLS®

Homes in Spruce Grove are selling faster in 2024 compared to previous years. The average days on market until sale decreased to 46 days, down 20.69% from the previous year. This reduction indicates a highly competitive market where homes are being snatched up more quickly, reflecting strong buyer interest and efficient market dynamics.

The Spruce Grove real estate market in 2024 is characterized by strong growth, high demand, and appreciating property values. Key metrics such as sold properties, average asking prices, and average sale prices all point to a vibrant and competitive market. The decreasing days on market and high ask to sell ratio further emphasize the market’s efficiency and attractiveness to buyers and sellers alike.

For investors, homeowners, and prospective buyers, understanding these trends and statistics is essential for making informed decisions. The continued growth and positive outlook for the Spruce Grove real estate market make it an attractive option for those looking to buy or sell property in the region.

The Spruce Grove real estate market is thriving. As we move forward into the latter half of 2024, staying abreast of these trends will be crucial for anyone involved in the market. Whether you are looking to buy, sell, or invest, the data and insights from the first half of 2024 provide a solid foundation for making strategic and informed decisions.

For more information on buying or selling in Spruce Grove CONTACT CHRIS REID

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.

City of Spruce Grove Website

Stony Plain • Stony Plain • 4 July 2024

Stony Plain Real Estate Statistics- June 2024

by Christina Reid

Stony Plain real estate market statistics

Stony Plain Real Estate Statistics Market Update: June 2024

Stony Plain real estate market latest trends. The real estate market in Stony Plain has experienced significant changes in 2024. As we navigate through the year, it’s essential to understand the dynamics that have shaped the market so far. This comprehensive review will delve into key statistics, trends, and insights, offering a thorough understanding of the Stony Plain real estate landscape.

Stony Plain, known for its charming small-town atmosphere and proximity to Edmonton, has seen a noticeable uptick in real estate activity in 2024. The market has been characterized by an increase in both the number of properties sold and the average sale prices. Let’s break down the numbers to see what this means for buyers, sellers, and investors.

Below Graphs Are Interactive

Stony Plain Real Estate – New MLS® Listings

New listings in the market have also seen a positive trend. The YTD figure for new listings in 2024 is 331, up 10.71% from 322 in 2023. While this indicates a healthy supply of properties entering the market, it also underscores the sustained demand as these properties are being absorbed at a fast pace.

Average Asking Price of Homes in Stony Plain

The average asking price in Stony Plain has also seen a rise. In 2024, the average asking price was $414K, reflecting a 2.64% increase from the previous year. When comparing YTD figures, the average asking price rose from $373K in 2023 to $420K in 2024, a notable 12.65% increase. This upward trend suggests that sellers are confident in the market’s ability to sustain higher prices, likely due to increased demand and a competitive buying environment.

Stony Plain Home Sales

In June 2024, Stony Plain recorded 49 sold properties, marking a 16.67% increase from June 2023. Year-to-date (YTD) figures are even more impressive, with 268 properties sold in 2024, up 32.02% from the 203 properties sold in the same period in 2023. This increase in sales volume indicates a robust demand for homes in the area, driven by a combination of factors including economic conditions, buyer confidence, and attractive property prices.

An analysis of monthly sold properties shows a consistent increase throughout the year. From January to June 2024, the number of sold properties each month ranged from 29 to 56, indicating a robust market with sustained sales activity. This monthly breakdown underscores the market’s resilience and the steady demand for real estate in Stony Plain.

Stony Plain Real Estate Market- Average Home Sale Price

Perhaps the most significant indicator of market strength is the average sale price. In June 2024, the average sale price reached $401K, which represents a substantial 20.17% increase from June 2023. The YTD average sale price was $388K in 2024, up from $347K in 2023, showing an 11.69% increase. These figures highlight a strong seller’s market where properties are commanding higher prices and buyers are willing to meet these valuations.

Over the first half of 2024, the monthly average has steadily risen, reflecting the broader trend of increasing property values. For instance, in January 2024, the average sale price was $301K, highlighting a steady climb through the year.

The average ask to sell ratio in 2024 stood at 0.994, a slight increase from 0.976 in 2023. This ratio, which compares the final sale price to the original asking price, suggests that homes in Stony Plain are selling very close to their asking prices, reflecting a balanced negotiation process between buyers and sellers.

Stony Plain Average Days on Market

One of the more dynamic changes observed in 2024 is the reduction in the average days on market until sale. In 2024, properties in Stony Plain were selling in an average of 28 days, down from 57 days in 2023, marking a 41.67% decrease. This rapid turnover indicates a highly competitive market where properties are quickly snapped up, often due to strong buyer interest and well-priced listings.

The Stony Plain real estate market in 2024 has demonstrated significant growth. With increased property sales, rising average prices, and quicker turnaround times, the market has favored sellers. However, the steady inflow of new listings ensures that buyers have options to choose from, maintaining a level of market equilibrium. As we move into the latter half of the year, these trends suggest a continued robust market, driven by strong demand and economic factors that favour real estate investments.

Looking ahead, the Stony Plain real estate market is poised for continued growth. Buyers and sellers should keep an eye on economic indicators, interest rates, and local development projects that could impact market dynamics. For now, the market remains vibrant and full of opportunities for those looking to invest 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 are considering buying or selling a home in Stony Plain or just want more information on the Stony Plain real estate market, CONTACT ME HERE.

Town of Stony Plain Website

Strathcona County Real Estate Market Statistics • Strathcona County Real Estate Market Statistics • 4 July 2024

Rural Strathcona County Real Estate Market – Acreage Sales Statistics – June 2024

by Christina Reid

Rural Strathcona County Acreage Sales Chris Reid Edmonton Realtor

Rural Strathcona Country Real Estate Market- Sales Statistics June 2024

Rural Strathcona County real estate market continues to be a highly sought-after region for homebuyers and investors looking for acreages. With its picturesque landscapes, close proximity to Edmonton, and a blend of rural tranquility and urban convenience, it’s no wonder that the real estate market here remains vibrant. In this analysis, we delve into the latest trends and statistics for rural Strathcona County acreage sales, drawing on data from the first half of 2024.

Bar graphs below are interactive

Strathcona County -Acreage Listings

New listings have also seen an uptick. There were 72 new listings in June 2024, a 7.46% increase from the previous year. YTD new listings in 2024 reached 360, up from 309 in 2023, which is a 16.50% increase. The growing inventory provides more options for buyers and reflects a healthy and dynamic market.

Strathcona County – Average Acreage List Price

The average asking price has seen a significant rise, highlighting seller confidence. The YTD average asking price in 2024 was $936K, up 16.07% from $866K in 2023. This substantial increase indicates that sellers are optimistic about achieving higher returns on their properties.

Strathcona County –Acreage Sales

The first notable trend is the increase in the number of sold properties. In June 2024, there were 37 properties sold, marking a 5.71% increase from June 2023. Year-to-date (YTD) figures are equally promising, with 185 properties sold in 2024 compared to 152 in 2023, representing a significant 21.71% increase. This surge in sales indicates a strong demand for rural acreages in Strathcona County.

Strathcona County Real Estate Market –Acreage Average Sales Price

One of the most critical indicators of market health is the average sale price. In June 2024, the average sale price for rural Strathcona County acreages was $779K, a 3.46% increase from June 2023. Despite this month-to-month increase, the YTD average sale price showed a slight decrease of 2.55%, falling to $731K in 2024 from $751K in 2023. This minor decline suggests some market stabilization following previous rapid price increases.

The sale-to-ask ratio, which compares the final sale price to the initial asking price, provides further insight into market conditions. The YTD sale-to-ask ratio in 2024 is 0.970, slightly down from 0.975 in 2023. This small decrease indicates that while properties are still selling close to their asking prices, buyers may have a bit more negotiation power than in the previous year.

Strathcona County Acreage Average Days on Market

Another vital metric is the number of days properties spend on the market before being sold. In 2024, properties in rural Strathcona County have spent an average of 86 days on the market, down from 98 days in 2023. This 12.24% decrease suggests that properties are selling more quickly, likely due to the increased demand and competitive pricing.

To provide a clearer picture of market trends, it’s helpful to look at monthly and yearly comparisons. In June 2024, the average sales price was $779K, a 3.46% increase from June 2023. The monthly sold properties have seen slight fluctuations, with 37 properties sold in June 2024, compared to 44 in May 2024 and 32 in June 2023. These variations are typical in real estate markets and reflect seasonal changes and market dynamics.

The rural Strathcona County acreage market in 2024 shows promising signs of growth and stability. With increased sales, rising new listings, and competitive pricing, the market remains attractive to both buyers and sellers. As the region continues to develop and evolve, it will undoubtedly maintain its status as a desirable destination for those seeking the perfect blend of rural and urban living.

Looking ahead, the rural Strathcona County real estate market is expected to remain robust. The continued demand for acreages, coupled with limited inventory, will likely sustain price growth. However, buyers may benefit from the slight decrease in the sale-to-ask ratio, indicating some room for negotiation.

Investors and homebuyers should keep an eye on economic indicators and interest rate trends, as these can significantly impact market dynamics. Additionally, regional developments and infrastructure projects could further enhance the area’s appeal, driving future demand.

Whether you are a potential buyer looking for your dream acreage or a seller aiming to maximize your investment, understanding these market trends and dynamics is crucial. Stay informed, work with experienced real estate professionals, and make well-informed decisions to navigate this vibrant market successfully.

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 Strathcona County? CONTACT ME HERE

Strathcona County Website

Fort Saskatchewan Home Sales Statistics • 12 June 2024

Fort Saskatchewan Real Estate Market Statistics- May 2024

by Christina Reid

Fort Saskatchewan Real Estate Market Statistics – May 2024

The Fort Saskatchewan real estate market continued to show resilience and growth during the month.

Bar Graphs Below Are Interactive

Fort Saskatchewan MLS® Listings

96 new listings came to market in the month of May flat to last years 97.

Fort Saskatchewan Average List Price

Average asking price for new listings in May 2024 was $423,000, with 96 new listings coming onto the market. This represents a slight decrease of 1.03% in asking prices compared to the previous year. However, the average sale price for these listings was $426,000, showing an 8.07% increase from May 2023.

Fort Saskatchewan Home Sales

The number of properties sold in May 2024 was 98, marking an 11.36% increase from May 2023. This reflects a healthy level of activity in the market, indicating sustained interest from buyers. Year-to-date, the total number of properties sold in 2024 reached 365, showing a significant 44.84% increase from the same period last year.

Fort Saskatchewan Average Home Sale Price

Average sales price for properties in May was $423,000, slightly down by 0.45% compared to May 2023. However, year-to-date (YTD) figures for 2024 indicate a strong performance, with the average sales price reaching $426,000, showing a notable 5.73% increase from the same period in 2023. the ask to sell ratio was 0.994, showing a 1.11% increase from the previous year.

Fort Saskatchewan -Average Days on Market

Fort Saskatchewan saw an average days on market until sale in May 2024 was 51 days, indicating a slightly longer period compared to the previous year.

The Fort Saskatchewan real estate market has seen impressive growth in sales and price increases over the past year. The considerable rise in the number of sold properties and new listings reflects a robust demand for homes in the region. Moreover, the consistent increase in average sale prices indicates a seller’s market. Whether you’re a buyer or seller, these insights can help guide your decisions in this dynamic real estate 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.

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 Stats • 12 June 2024

St. Albert’s Real Estate Market Statistics – May 2024

by Christina Reid

St. Albert Real Estate Market Statistics, including home sales, average price. Chris Reid Edmonton

St. Albert’s Real Estate Market Statistics – May 2024

St. Albert’s real estate continues to show growth, with increased sales and prices compared to the previous year. Demand remains strong, as evidenced by the lower days on market and higher ask to sell ratio. Sellers are benefiting from higher sale prices, while buyers are facing a competitive market with limited inventory.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

225 new listings were added in May 2024, up by 2.74% compared to the same period last year. Year to date listings are up 1.65%

St. Albert’s real estate market- Average List Price

The average asking price for May 2024 was $530,000, a 6.22% increase from May 2023.

St. Albert Home Sales

St. Albert real estate saw 182 properties sell, up by 7.69% from May 2023. YTD 2024: 600 properties were sold, showing a 20.48% increase from the same period in 2023.

St. Albert Average Sale Price of Homes

May 2024: The average sale price was $505,000, marking a 5.15% increase from May 2023. YTD 2024: The average sale price was $501,000, reflecting a 9.72% increase from May 2023. The average ask to sell ratio in YTD 2024 was $538,000, up by 7.62% compared to the same period in 2023.

St. Albert Days on MLS®

Properties spent an average of 43 days on the market before being sold, a decrease of 18.87% from May 2023.

St. Albert real estate market statistics reveal a seller’s market characterized by increasing average prices, reduced days on the market, and steady new listings. Buyers should be prepared for competitive conditions and higher prices, while sellers can confidently expect a timely sale and strong returns.

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

Parkland County Real Estate Market Statistics • 12 June 2024

Parkland County Acreage Sales Statistics May 2024

by Christina Reid

Parkland acreage sales and real estate statistics April 2024

Parkland County Acreage Sales Statistics – May 2024

Parkland County acreage sales showed significant growth compared to the same period last year. More acreages are selling at higher prices and at a faster pace than last year. Here’s a detailed overview of the Parkland County acreage market:

Below Graphs Are Interactive

Parkland County Acreage Listings

139 New Listings in May 2024, showing a 4.51% increase from May 2023.

Parkland County Average List Price

Average Sale Price: $615K, representing a 6.53% increase from May 2023. YTD 2024: The average sale price was $614K, reflecting a 15.59% increase from May 2023.

Parkland County Acreage Sales

86 Properties Sold in May 2024, marking a substantial 34.38% increase from May 2023. YTD 2024: 250 properties sold, showing a 25.63% increase from the same period in 2023.

Parkland County Average Sale Price

The average acreage sales price for May was $615k and increase of 6.53% over last May. YTD 2024: The average monthly sales price was $700K, a 13.91% increase from 2023. The average ask to sell ratio was .98 for May, showing acreages selling very close to the list price.

Parkland County Acreage Days on Market

Average Days on Market: 98 days, indicating a 6.67% decrease from May 2023.

These statistics suggest a robust real estate market in rural Parkland County, indicating a favorable environment for both buyers and sellers. If you’re considering buying or selling acreage properties in the area, now might be the perfect time to make a move!

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 in Parkland County CONTACT CHRIS REID

Parkland County Website

Home Sale Statistics Edmonton • 12 June 2024

Edmonton Real Estate Statistics – Home Sales May 2024

by Christina Reid

Edmonton Real Estate Statistics - Market update 2024 Chris Reid Edmonton

Edmonton Real Estate Statistics – May 2024

The Edmonton real estate statistics showcased impressive growth in April 2024, with significant increases in both sales numbers and average prices. Let’s dive into the specifics contributing to this upward trend.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

The Edmonton market saw 3.23k new listings come to market in May an increase of 9.57% over same time last year.

Average List Price Edmonton Real Estate Market

The average asking price for new listings in May 2024 was 3.23K. YTD for 2024, the average asking price was 12.5K.

Home Sales In The Edmonton Real Estate Market

In May 2024, there were 2.21K sold properties in Edmonton, marking a significant 20.36% increase from May 2023. Year-to-date (YTD) for 2024, there have been 8.71K sold properties, showing a substantial 41.30% increase compared to the same period in 2023.

Edmonton Average Home Sale Price

The average sale price in May 2024 was $418K, which is a notable 6.46% increase from May 2023. YTD for 2024, the average sale price was $401K, reflecting a 7.52% increase from the same period in 2023.

Edmonton Real Estate Market -Average Days

The average number of days on the market until sale in May 2024 was 44.00, showing a decrease of 36.23% from the previous period.

The Edmonton real estate market in May 2024 continued to show strength, with increases in both sold properties and average sale price compared to the same period last year. The decrease in days on the market indicates a robust demand for properties in the area.

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.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

City of Edmonton Website

Spruce Grove Real Estate Statistics • 12 June 2024

Spruce Grove Real Estate Market Statistics May 2024

by Christina Reid

Spruce Grove real estate market statistics Chris Reid Edmonton Realtor

Spruce Grove Real Estate Market Statistics – April 2024

The Spruce Grove real estate market continues to show strong performance, with significant increases in both sold properties and average sale prices compared to last year. These trends indicate a robust and growing market, making it an attractive location for both buyers and sellers.

More detailed information below

The below graphs are interactive

New MLS® Listing Count

There have been 739 new listings in YTD 2024, a 30.37% increase from 2023. 176 new listings came on MLS® in May of this year.

Average Listing Price in Spruce Grove

The average asking price is currently $473,000, up 13.68% from $415.9k last year.

Spruce Grove Home Sales

165 properties were sold in May 2024, marking a significant 46.02% increase from May 2023. Year-to-date (YTD) 2024, there have been 569 sold properties, showing a 45.52% increase from the same period in 2023.

Average Home Sale Price

The average sale price in May 2024 was $443,000, reflecting an 11.62% increase from May 2023. YTD 2024, the average sale price was $418,000, showing a 7.00% increase from the previous year.

Average Days on MLS®

The average days on market until sale in May 2024 was 62 days, which is a 11.43% decrease from May 2023.

Spruce Grove’s real estate market has shown resilience and growth in the face of economic fluctuations. With steady price increases, faster sales, and growing buyer interest, it’s a seller’s market. As we move into the warmer months, sellers can expect continued demand, while buyers should be prepared to move quickly on desirable listings.

For more information on buying or selling in Spruce Grove CONTACT CHRIS REID

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.

City of Spruce Grove Website