In recent years, the rental market in Edmonton and its surrounding areas has witnessed notable shifts and trends. From fluctuating rental rates to evolving tenant preferences, understanding the dynamics of this market is crucial for both landlords and renters alike. In this blog post, we delve into the latest rental market statistics, offering insights into key trends and developments.
It is essential to note that rental market conditions may vary significantly across different neighborhoods and regions within Edmonton and its surrounding areas. Factors such as proximity to urban centers, access to transportation, and neighborhood amenities can impact rental rates and demand. Landlords and property managers should carefully analyze local market trends and tailor their rental strategies accordingly to maximize returns and attract quality tenants.
As the rental market in Edmonton and surrounding areas continues to evolve, staying informed about the latest trends and statistics is vital for landlords, property managers, and renters. By understanding market dynamics, adapting to changing tenant preferences, and leveraging available resources, stakeholders can navigate the rental landscape effectively and achieve their objectives in the ever-changing rental market.
Whether you’re a landlord looking to maximize your rental property’s potential or a renter searching for your next home, our team is here to help. Contact us today to learn more about the rental market in Edmonton and surrounding areas and explore available rental opportunities tailored to your needs.
68 Unit Apartment Building For Rent in Bruderheim, Alberta
We are extremely proud to announce that we are now managing this amazing 68 Unit Apartment Building just outside of Fort Saskatchewan, Alberta!
Building Features:
1 & 2 Bedrooms with Utilities Included
Balcony and Parking Stall for Each Unit
Month to Month or Yearly Leases Available
Building Manager Available
One of the perks of working with Realty Executives Focus is that we are a Full Service Real Estate Brokerage. Not only can we assist clients with buying/selling real estate, but we can also manage your properties. We are managing rentals in Edmonton, Sherwood Park, Fort Saskatchewan, St. Albert and beyond!
We manage anywhere from basement suites and half duplexes to single family homes and acreages to full size apartment buildings and townhouses.
The market sure is heating up! We’ve had multiple showings and a growing number of people heading to our open houses. There is no better time than NOW to look at your potential options in time for the SPRING MARKET.
Whether you are looking to expand your space, downsize or invest in a property, feel free to contact me. Realty Executives Focus is a full service brokerage assisting families in buying, selling and investing in real estate!
January 2023 Market Update
Average Price of Single Family homes in Edmonton and Area
“YEG Housing Market Sees Stable Transition Into New Year”
“The Edmonton real estate market remained relatively stable from December as we transitioned into the new year,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “While many categories saw minimal decreases month-over-month, average prices for both the row/townhouse and apartment condominium categories saw increases when compared to December 2022.”
Single-family houses went for an average of $451,659, condos went for about $189,631 and duplexes sold for an average price of $355,086.
While it’s not unusual for the market to cool at this time of year, a climbing interest rate could be leading buyers to re-evaluate and sellers to reconsider moving. However, I anticipate activity will pick up in March just in time for the Spring market. If you have questions about the rising interest rates, forecasted home prices, or would like to know what these market stats mean whether you are buying or selling, feel free to contact me.
A Comparative Market Analysis (CMA) is an estimate of the market value of a property and is typically completed by local real estate agents. Real estate agents compare recently sold properties based on the neighbourhood, size, and age to determine a market valuation for a specific house.
Even if you aren’t thinking of selling now or in the near future, it’s never a bad idea to know what numbers you are working with. This can help you in the long run! I can provide you with a FREE CMA. Over the years, I have listed and sold all types of properties. From vacant land to apartments to duplexes to single family homes to acreages in rural communities. I’ve listed in Edmonton and Surrounding Cities such as Fort Saskatchewan, Sherwood Park, St. Albert, Rural Strathcona County, Redwater, Beaumont, Gibbons, and more. If you don’t see it here, let’s chat!
12939 12941 102 St – Edmonton20932 131 Ave – Edmonton25 Currant Cr – Fort Saskatchewan#115 2203 44 Ave – Edmonton#11 8602 Southfort Blvd – Fort Sask167 Great Oaks – Sherwood Park41 Marion Dr – Sherwood Park#908 10303 111 St – Edmonton4349 51 St – Gibbons8517 98 Ave – Fort Saskatchewan#203 9930 100 Ave – Fort Saskatchewan54/56 Wiltree Terrace – Fort Saskatchewan46/48 Wiltree Terrace – Fort Saskatchewan21028 128 Ave – Edmonton
Open Houses
Open Houses are a great way to get a feel for a property and ask any and all things real estate from one of our Realtors. If you are a first time home buyer, this is also a great starting point for your home search. See what you like/don’t like in a house, neighbourhood, features, amenities, and more.
We host open houses almost every weekend! Make sure to stay tuned on social media or click here to stay updated.
Come check out our open house tomorrow February 18 from 12-3 PM!
Learn about the current market trends for rental properties in Edmonton, Sherwood Park/St. Albert, Fort Saskatchewan, Leduc/Beaumont and other surrounding cities.
When it comes to finding properties that will earn steady income from rent, Edmonton has plenty of excellent options. And with record low mortgage rates, it’s a great time to consider investing in real estate to earn monthly rent income.
If you have any questions about these numbers, contact me!
Here is our 2023 January Market Rental Report!
Property Management
As a full service brokerage, Realty Executives Focus offers both buying/selling real estate and property management services.
Contact Me
With over 17 years of experience in buying/selling real estate and clients from first time home buyers to veteran real estate investors, I can help you with your next purchase!
I am always on the search for real estate investment properties within Edmonton, Fort Saskatchewan, Sherwood Park, St. Albert, and other surrounding areas. Every two weeks, I will be sending out an exclusive newsletter for my investor clients about potential investment opportunities in Edmonton and area. Please see below for this week’s roster of potential rental opportunities that I have found!
If you are interested in investing in real estate or would like to be the first to hear about exclusive rental opportunities, give me a call at 780 777 9703 or contact me.
1. House Rental in Fort Saskatchewan
Currently Rented Long Term
Price
$365,000
Rent
$2,000
Capitalization Rate
4.83%
2. Single Family with Legal Suite
Located in Ebbers Community (Northeast Edmonton)
Price
$509,900
Rent
$3,000
Capitalization Rate
5.31%
3. Great Infill Opportunity
584.89 Sq M Lot – Nice and Wide (Potential to Build!)
Price
$169,900
Rent
Lot Potential
Capitalization Rate
Call to Inquire
4. 15 Unit Apartment Building
Close Proximity to Downtown and Queen Mary Park
Price
$1,710,000
Rent
$13,083
Capitalization Rate
5.11%
5. Great Location and Cash Flow
Total of 6 Bedrooms and Good Parking!
Price
$669,000
Rent
$4,500
Capitalization Rate
5.56%
6. 3 Bed + 2.5 Bath Duplex Renter Ready
Duplex Built in 2015 – SW Edmonton Location
Price
$339,900
Rent
$1,800
Capitalization Rate
4.60%
Monthly Housing Statistics from Realtors Association of Edmonton
“Although unit sales were down across all categories, average prices remain steady for single-family homes in the Edmonton region.”
As a FULL SERVICE brokerage, Agents at Realty Executives Focus can not only assist you in buying and selling real estate but also rent out your property through our Property Management division!
Maintenance – Work Orders, Service Requests, Emergency Hotlines
Marketing – Ads will be posted to Rentfaster, Rentals.ca, Kijiji, Zillow and more!
Outdoor Rental Marketing Sign
Invest with Us!
RED TF 2022
*Disclaimer:
There are many different factors that you should consider before investing in real estate. Every potential investor should consider their goals, current financial situation and the current market conditions.
This document provides general information only and may be subject to change at any time without notice. It does not constitute financial product advice.
