December 2024 St. Albert Real Estate Market Highlights

The real estate market in St. Albert closed the year 2024 with remarkable activity and diverse sales, showcasing the city’s vibrant housing landscape. Here are the key highlights from the December 2024 sales report:

Market Overview

• Number of Sales: 60 residential properties were sold.

• Price Ranges:

• Lowest Sale Price: $129,500

• Highest Sale Price: $1,025,000

• Median Sale Price: $466,000

• Average Sale Price: $475,691

• Home Sizes: Properties ranged from 776 sq. ft. to over 2,600 sq. ft., with an average size of approximately 1,579 sq. ft.

Top Sales by Category

1. Luxury Properties:

• The highest-priced property sold for $1,025,000 in Kingswood, a spacious bungalow featuring over 2,600 sq. ft. and modern finishes.

• Another notable sale was a 2,500+ sq. ft. home in Erin Ridge North, closing at $840,000.

2. Affordable Housing:

• A 2-bedroom apartment in Akinsdale sold for $129,500, offering an excellent entry point for first-time buyers.

• Several townhomes in Grandin and Braeside provided affordable options, with prices ranging from $188,500 to $285,000.

3. Mid-Range Homes:

• Detached homes in communities like Lacombe Park, Grandin, and Jensen Lakes sold in the $300,000–$600,000 range, catering to families and upsizing buyers.

Community Insights

• Grandin: This community stood out with several transactions, including affordable townhomes and family-friendly detached homes.

• Jensen Lakes: Known for its modern lifestyle, the area saw high-end townhomes and detached homes selling between $422,500 and $718,000.

• Kingswood: A hotspot for luxury, featuring properties like the $1 million bungalow, emphasizing elegance and space.

Days on Market (DOM)

• The average time on the market was 50 days, with some properties selling in as little as one day, showcasing strong demand in certain segments.

Trends and Takeaways

The December 2024 report reflects a balanced market with opportunities for both buyers and sellers. Affordable housing options appeal to new homeowners, while mid-range and luxury homes continue to draw attention from families and upscale buyers. St. Albert’s diverse housing stock and well-planned communities remain attractive in a competitive market.

For a detailed list of the properties sold or insights into buying or selling your home in St. Albert, visit StAlbertHomeForSale.ca or contact me directly.