St. Albert Real Estate Market Update – January Sales Report
The St. Albert real estate market remained active in January, with a total of 67 residential properties sold. The market demonstrated a healthy balance, with a mix of affordable and high-end properties changing hands. Let’s take a closer look at the key trends and highlights from last month’s sales data.
Total Sales: 67 properties
Average Listing Price: $485,570
Average Selling Price: $485,936
Median Listing Price: $479,000
Median Selling Price: $475,400
Days on Market (DOM) Average: 36 days
The highest-priced sale in January was a detached home in Riverside, selling for $1,069,397.
The most affordable property was a condo in Akinsdale, selling for $115,000.
The average price per square foot across all sales was $320.77.
Properties ranged from 707 to 3,968 square feet, catering to a variety of buyers.
Several neighborhoods saw strong sales activity, including:
Akinsdale: Multiple condo and detached home sales, ranging from $115,000 to $451,000.
Grandin: Sales included a mix of condos, townhomes, and detached properties, with prices between $222,500 and $516,400.
Riverside & Jensen Lakes: These newer communities recorded higher-end sales, with homes selling between $449,800 and $1,069,397.
Erin Ridge North & Cherot: Strong demand for newer construction homes, with sales ranging from $390,000 to $929,249.
Stable Pricing: The average selling price was slightly higher than the listing price, indicating a competitive market.
Quick Turnaround: The median DOM of 16 days suggests that well-priced homes are selling quickly.
Diverse Buyer Interest: From first-time buyers purchasing condos to families investing in larger detached homes, the market continues to attract a variety of buyers.
With steady demand and balanced pricing, February is expected to continue this momentum. If you’re thinking about buying or selling in St. Albert, now is a great time to enter the market.
For more details on available listings or market trends, visit stalberthomeforsale.ca or reach out for a personalized consultation!
Stay tuned for next month’s update, where we’ll continue to track the latest market trends and insights in St. Albert!
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