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.
“Despite Interest Rate Worries, Low Inventory Causes Increase in Average Sale Prices” – The latest headline from Edmonton Real Estate Association. Single-family detached homes were up 12.6% from October 2022 but a decrease in sales of 12.7% from Sept 2023. Detached homes averaged $486,751, Semi-detached sold for an average of $385,895 (9% increase from last month), and row/townhouses sold at $258,779 – 26.4% increase year-over-year.
Edmonton and surrounding areas continued its hot streak in October – with sales up and inventory dropping compared to last year. Low inventory but high demand has kept this a seller’s market in Edmonton. Homes are still often selling with multiple offers (albeit not the crazy bidding wars we’ve seen earlier this year).
✅ If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703!
What a busy month it’s been for our builders in Westpark, Fort Saskatchewan and its not over yet!
The Thriving Westpark Community
Westpark, Fort Saskatchewan, has long been a magnet for those seeking the perfect blend of small-town charm and urban convenience. With a strong sense of community, excellent amenities and proximity to Edmonton, Sherwood Park, and other surrounding areas, it’s no wonder that Westpark is a hot market for new home sales!
Over the past few months, Westpark homes has seen an upsurge of interest from out-of-town buyers and Edmonton-area residents looking to call this beautiful community… home. The appeal of Westpark is evident in our numbers with Langdale Group of Builders: 3 SOLD, 3 PENDING, and an additional 3 JUST LISTED.
Your Path to a New Home
Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, our homes offer a variety of housing options to suit your needs. From cozy single- family homes to spacious duplexes, there’s something for everyone. The blend of contemporary and natural surroundings makes Westpark a coveted destination for those who appreciate the best of both worlds.
If you’re interested in buying or building your new home in Westpark, you’re in good hands. With 18 years of experience in the real estate industry and a deep connection to this city, I am here to guide you through the process. My knowledge and expertise will be your greatest assets as you embark on this exciting journey of homeownership.
Your New Beginning Awaits
Westpark is more than a market; it’s a vibrant, welcoming community that’s ready to embrace new residents. From it’s scenic River Valley views to excellent schools and a strong sense of community, Westpark offers the perfect backdrop of your new life’s chapter.
Join us in Westpark, and let’s make your dreams of homeownership a reality. Contact me today or visit our Sales Centre Open Saturdays and Sundays from 12-3PM.
✅ If you or anyone you know would be interested in this property or similar properties, call me direct at 780-777-9703!
Average Price for Single Family Detached Homes in the Greater Edmonton Area
Fall Market Brings Cooling Effect
“Fall Market Brings Cooling Effect” – The latest headline from Edmonton Real Estate Association. Single-family detached homes were up 25.8% from September 2022 but a marginal decrease in listings of 3.3% from August 2023. Detached homes averaged $493,023 (significant decrease from last month), Semi-detached sold for an average of $353,929, and row/townhouses sold at $267,100.
We’re continuing to see the trend of a higher number of sales in 2023 compared to last year but market is still slowing down as we head in to the cooler months. The Bank of Canada’s next interest rate announcement will be October 16, 2023! Let’s stay tuned to see how the market plays out.
✅ If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703!
Building Quality Built Family Homes in Edmonton, Fort Saskatchewan and St. Albert!
Incredibly grateful to be working alongside builders building beautiful quality built single family homes in the Greater Edmonton Area. We are currently building homes in the family friendly and highly desirable communities of Trumpeter, Edmonton; Westpark, Fort Saskatchewan and Erin Ridge, St. Albert!
Here are some of our available quick possession and pre-sale homes! We also have homes under construction not on market yet.
Live in Trumpeter, West Edmonton!
Situated on the shores of Big Lake, Trumpeter is part of a community legacy. Since 2010, the Big Lake neighbourhood has seen the addition of three communities and over 2000 households and will grow to five communities at the completion of the Big Lake neighbourhood.
Located near the Wetlands Conservation Area and the North Saskatchewan River, WestPark provides quick access to some of Fort Saskatchewan’s most scenic walking and biking trails. Surrounded by nature but close to everything a family needs, it provides the perfect balance between tranquillity and convenience. Residents can also enjoy easy access to Highway 21, making their commute to Sherwood Park or the Big City fast and simple.
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.
Happy Monday! Taking a moment to appreciate these kind words by my amazing clients. It was an honour to help sell your home in Fort Saskatchewan. Our team works hard to make the process less stressful and getting the best possible results for our clients. Thank you for trusting me as your Realtor.
🏡 If you are interested in a free home evaluation or would like a market analysis on a potential property for rental, let’s have a chat! Call me direct at 780 777 9703!
Sold in Wiltree Terrace! The sale of this brand new beautiful half duplex marks the 6th duplex home we’ve SOLD on this street since starting our partnership with the Langdale Group of Builders earlier this year.
These beautiful duplex homes are backing onto the Dow Baseball Fields, nearby walking trails and playgrounds in the amazing community of Westpark.
Beautiful new single family, laned, and half duplex homes are available!
✅ If you are interested in learning more information about new home sales in Westpark, let’s have a chat! Call me direct at 780 777 9703
Enter to win a $4,000 travel voucher from Realty Executives Focus when you Buy or Sell a property with one of our Agents.*
*Terms and Conditions:
1. Entry is valid to all Canadian residents who buy or sell a property with a Realty Executives Focus Agent between Jan 1, 2023 and Dec 31, 2023.
2. The property must be in a firm contract (also known as sold or conditions removed) by December 31, 2022.
3. The winning entry will receive a travel voucher to the value of $4,000.00.
4. Winner will be drawn on January 3, 2024. The winner will be notified via E-mail.
5. The voucher can be used for any form of travel to be booked with our travel agent before the 31st of December 2024.
Each office is independently owned and operated. Not intended to solicit individuals under contract with another Brokerage. Draw and incentive offer subject to rules and eligibility agreement.
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!
