St. Albert Real Estate Market Update – January Sales Report

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.

Market Overview

• 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

Price Ranges and Property Types

• 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.

Community Highlights

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.

Market Trends and Insights

• 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.

Looking Ahead

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!