An Active Month in St. Albert’s Real Estate Market
November proved to be a vibrant month for the real estate market in St. Albert, with 88 residential properties sold across a diverse range of types and styles. From cozy apartments to expansive detached homes, the activity reflects the variety and vibrancy of this community.
Market Highlights
• Highest Sale Price: A stunning property in Jensen Lakes sold for an impressive $2,900,000, showcasing the luxury opportunities available in the area.
• Lowest Sale Price: A budget-friendly apartment in Grandin changed hands for just $99,900, highlighting affordability for first-time buyers or investors.
• Average Sale Price: The average selling price of homes was $531,079, with a median at $485,000, indicating balanced market activity across price points.
Property Insights
• Average Days on Market: Homes spent an average of 33 days on the market, with some selling in as little as 2 days. This points to a dynamic and competitive environment for buyers and sellers.
• Most Common Styles: The market saw a significant number of detached homes (bungalows and split-levels) and townhouses sold, catering to families and individuals looking for comfortable living spaces.
Community Trends
• Popular Areas: Grandin, Erin Ridge, and Jensen Lakes emerged as hotspots, offering a mix of affordability, modern amenities, and luxurious options.
• New Builds: Several newly constructed homes made an appearance, particularly in neighborhoods like Erin Ridge North and Cherot, indicating ongoing growth and development in St. Albert.
Spotlight on Value
• Affordable Opportunities: Properties like the apartment in Akinsdale sold for just $138,500, providing accessible entry points to the real estate market.
• Luxury Living: On the other end of the spectrum, homes like the expansive 4,000-square-foot Jensen Lakes property captured the high-end market with premium finishes and features.
What This Means for Buyers and Sellers
St. Albert continues to thrive as a desirable location for all segments of the real estate market. Whether you’re looking to buy your first home, upgrade to a larger space, or explore investment opportunities, the variety in price points and property types ensures there’s something for everyone.
For sellers, the relatively short market times and strong average prices suggest a favorable environment to list your property. Partnering with an experienced real estate agent will help you navigate the process and maximize your returns.
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