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CBC
7 days ago
- Business
- CBC
Edmonton seeing big jump in real estate listings, Realtors association reports
Edmonton's housing market saw a 20 per cent increase in new listings compared to this same time last year, but that growing number hasn't resulted in higher sales. According to data released by the Realtors Association of Edmonton (RAE), the greater Edmonton region saw 4,387 new listings in July 2025, an increase of 7.8 per cent from the previous month. At the end of July, a total of 7,083 houses were available on the market, an increase of 21.8 per cent from the year before. Despite a growing inventory, market sales are decreasing. In total, 2,860 houses were sold in July, a decrease of 2.6 per cent from last year and a 0.5 per cent decrease from June 2025. Darlene Reid, the board chair of the RAE, said that inventory levels remain strong, "to the point where motivated sellers might be willing to lower their price to close the deal, and buyer's options remain plentiful." Experts said that although the housing market includes more choice for buyers, this does not reflect a shift from a sellers to a buyers market. Different market for different properties For Edmonton real estate agent Michelle Patterson Nipp, whether the housing market is more favourable to buyers or sellers largely depends on what market you're looking at. When buyers are in the market for a property, they want to have choice, selection, and time. "In some areas of the city, I think it's a seller's market where, especially if it's priced well, the properties don't stay on the market for too long." Patterson Nipp said how long listings stay on the market largely depends on what kind of property they are, and where in the city they are located. Condos, for example, spent 46 days on the market on average in July, compared to 31 days for detached homes. As well, the Edmonton region saw 471 condo sales in July, while detached homes saw 1,690. Patterson Nipp said with so many condos on the market, inventory is building up past existing demand. However, despite buyers having more time and options, Edmonton's overall housing market is still a seller's market, owing to how many properties are currently in inventory. If there are more than six months worth of property, the market is considered to be favourable to buyers. Patterson Nipp said that Edmonton currently has about 2.7 months of inventory. More options for buyers After spending six years in Langford — a small city outside Victoria B.C., — Greg Henkelman moved back to Edmonton in early June and immediately started house hunting. Henkelman was looking for a house in northwest Edmonton, costing between $400,000 and $500,000. Two days later, his realtor had a long list of potential showings. By June 29, Henkelman had possession of a single family detached home. According to the RAE, the average price of similar homes has increased 0.7 per cent month-over-month, while average prices for other property types decreased. This experience was different from the last time Henkelman purchased a house in Edmonton several years ago, when the housing market was much more competitive and volatile. Henkelman purchased his first house in the south of Edmonton. "I think the first time we decided to move from Mill Creek to Malmo, I remember having a pager," he said. "A Realtor would basically page us and say you need to put an offer in on this house, sight unseen. Houses sold within hours of listing sometimes." Henkleman said that experience caused him to worry that buying a house now would be similar. However, with so many houses on the market, he felt he had a lot more options. Reid said that although sales have decreased, the RAE will be "watching to see if sales tick back up" in the fall. Patterson-Nipp said that this is a common pattern, especially in Edmonton. She added that data should be used as a broad picture of the market overall, as real estate is "very local."
CTV News
29-06-2025
- Business
- CTV News
Top 5 most expensive homes for sale in Sherwood Park in June 2025
Home is the nicest word there is according to author Laura Ingalls Wilder, but these homes on the prairie aren't what you would call little. In May, CTV News Edmonton looked at the most expensive homes for sale in Sturgeon County. All five of those listings are still up, but now it's time to advance clockwise around Edmonton to Sherwood Park. In May, there were 4,917 new residential listings in the Greater Edmonton Area, according to the Realtors Association of Edmonton, a 27.8 per cent increase from April and 16.1 per cent increase from May 2024. For Sherwood Park, there were 207 new residential listings, down 3.72 per cent from May 2024, and 91 detached homes sold, down 14.95 per cent compared to May 2024. The average residential home price in Sherwood Park was $508,000. The average price in the Greater Edmonton Area was $464,277. 'For the second month in a row, our inventory levels have been buoyed by a flood of new listings, giving buyers more choice and sellers more competition,' association board chair Darlene Reid said in the monthly statistics report. 'As a result, we saw a nominal decrease in average price over most property categories, which could signal a change in the direction of our housing market as the year progresses.' Fun fact, Sherwood Park is technically a hamlet, as it falls under the Strathcona County government, despite having a population of more than 70,000. With the data out of the way, it's time to see what kind of bang for your buck is available in Sherwood Park according to 5 - $929,900 bungalow in Summerwood Real estate A home for sale in Sherwood Park. ( Starting in the northeast is this 1,302-square-foot bungalow in the Summerwood neighbourhood. The house has a modern look with a black-and-white colour scheme throughout, including the large kitchen with several of the appliances built into the island. Real estate A home for sale in Sherwood Park. ( The basement, with a wet bar, two bedrooms and a rec room, walks out to the backyard, which isn't overly large, but is landscaped with plenty of plants and flowers. The back deck and patio also look out over a stormwater pond. Real estate A home for sale in Sherwood Park. ( The home, built in 2006, is located at 62 Summercourt Rd. and the listing has been up for 9 days. 4 - $944,990 2-storey home in Salisbury Village Real Estate A home for sale in Sherwood Park. ( Moving to the south side of the hamlet is this 2,539-square-foot home in Salisbury Village. On the main floor is a large, modern chef's kitchen with a walk-in pantry and a living room with a fireplace. Real Estate A home for sale in Sherwood Park. ( The basement is newly finished and features its own kitchen, bathroom and bedroom, with the other three bedrooms on the main and second floors. The large backyard has a deck and patio area, complete with firepit. Real Estate A home for sale in Sherwood Park. ( The home, built in 2017, is located at 126 Barbury Cl. and the listing has been up for 85 days. 3 - $945,707 bungalow in The Ridge Real estate A home for sale in Sherwood Park. ( Moving to the east is this 2,017-square-foot bungalow in The Ridge neighbourhood. The large backyard has a gazebo, firepit area and plenty of garden space. Real estate A home for sale in Sherwood Park. ( Inside is a mix of styles from the tiled living area and large kitchen, to the brick wall on the basement stairs. The basement also hosts two of the four bedrooms in the house, as well as a rec room and a four piece bathroom with a sauna. Real estate A home for sale in Sherwood Park. ( The home, built in 1993, is located at 485 Regency Dr. and the listing has been up for 53 days. 2 - $997,000 bungalow in Lakeland Ridge Real estate A home for sale in Sherwood Park. ( Next on the list is this 1,850-square-foot bungalow in Lakeland Ridge. The home features six bedrooms and a modern kitchen in the open-concept ground level. Real estate A home for sale in Sherwood Park. ( The walkout basement has heated floors and a wet bar. Outside, the two-level deck area overlooks a large yard and a pond. Real estate A home for sale in Sherwood Park. ( The home, built in 2011, is located at 125 Campbell Dr. and the listing has been up for 16 days. 1 - $1.9M 2-storey home in Estates of Sherwood Park Real estate A home for sale in Sherwood Park. ( The final home on the list is the largest in square footage, at 4,008, and lot size, at 0.48 acres. The backyard is spacious with a covered deck and a firepit, as well as a number of trees around the edge of the property. Real estate A home for sale in Sherwood Park. ( Inside, the oversized, heated triple car garage accounts for nearly 1,153 square feet in the home. The home has three fireplaces, one being in the finished basement along with a rec room, wet bar and hobby room. Real estate A home for sale in Sherwood Park. ( The home also has six bedrooms, a large kitchen with built-in appliances and a formal dining room. Built in 2001, the home is located at 285 Estate Dr. and the listing has been up for 110 days.
CTV News
04-06-2025
- Business
- CTV News
Last month shows slight market rebound in local real estate figures
In May, 722 homes were sold locally as opposed to 650 in April, according to the London and St. Thomas Realtors Association. Still, the numbers are down by more than 15 per percent compared to May 2024. The average home was $656,000, up by more than a percentage point.
CTV News
31-05-2025
- Business
- CTV News
Top 5 most expensive homes for sale in Sturgeon County in May 2025
'There is nothing like staying at home for real comfort,' though it's doubtful Jane Austen was referring to basement saunas, home theatres and backyard putting greens when she said it (though the wine cellars might have met with her approval). In April, CTV News Edmonton looked at some of the most expensive homes for sale in St. Albert. Four of those listings are still up and one appears to have been relisted, but it's time for a short jaunt outside city limits to Sturgeon County. In April, there were 4,012 new residential units for sale in the Greater Edmonton Area, according to the Realtors Association of Edmonton. That number is up 908 per cent from March and a 4.8 per cent increase from April 2024. There were 2,710 residential unit sales in April, with 1,576 of those being detached homes. That marked an increase of 10.2 per cent from March and a 14.7 per cent decrease from April 2024. The average price for a detached home in April was $585,707 (1.8 per cent higher than in March), which, as usual, is far below the price point of the homes on display this month. 'We've seen inventory levels decline in the negative double digits for the better part of the last 12 months, and the dwindling supply has put pressure on home prices,' association board chair Darlene Reid said in the monthly statistics report. 'That pressure won't alleviate unless this upward trend for inventory continues well past the busy season. We can still expect prices to continue to increase in the short term through the warmer months.' Detached homes averaged 29 days on the market in April, one day less than in March. Now, it's time to look at the most expensive homes for sale in Sturgeon County on in May 2025: 5 - $2.9M bungalow in Riverstone Pointe Expensive real estate A home for sale in rural Sturgeon County. ( Starting northeast of St. Albert is this 3,122-square-foot bungalow. The home sits on a 0.96 acre lot with mature plants, a water feature and a putting green. Expensive real estate A home for sale in rural Sturgeon County. ( The inside features six bedrooms, a home theatre, gym, wet bar, games room and a gourmet kitchen. The heated garage is also nearly the size of the main floor, being 2,800 square feet, and includes an RV bay. Expensive real estate A home for sale in rural Sturgeon County. ( Built in 2007, the house has had renovations and upgrades, including a new furnace, boiler and windows. The home is located at 111 25015 Twp. Rd. 544A and the listing has been up for 56 days. 4 - $3M bungalow in Riverstone Pointe expensive real estate A home for sale in rural Sturgeon County. ( A stone's throw away, relatively speaking considering the size of the lots, from the previous entry is this 5,493-square-foot bungalow. The property is a little bigger at 1.06 acres, though it trades the putting green for a backyard basketball/sports court while keeping other features like the fire pit. expensive real estate A home for sale in rural Sturgeon County. ( If being inside is more to your liking, the gourmet kitchen, games room and home theatre may be of interest. The basement also sports a study/library-like living room area. expensive real estate A home for sale in rural Sturgeon County. ( The home is located at 37 Riverridge Rd. and the listing has been up for 211 days. 3 - $3.3M mansion in River's Gate expensive real estate A home for sale in rural Sturgeon County. ( According to Forbes, a mansion (in the U.S. at least) is a home with at least 8,000 square feet, so this 8,980-square-foot home in River's Gate should qualify. Food will be on the mind in this home with an 'opulent' chefs kitchen, a second butlers kitchen, private dining room and a wine cellar. expensive real estate A home for sale in rural Sturgeon County. ( The six-bedroom home also comes with the standard (at least as this list is concerned) home theatre and a games room. The lot is smaller than the last two homes, at 0.53 acres, and doesn't come with any sports courts, though it does back onto the Sturgeon River and sits next to the Sturgeon Valley Golf and Country Club. expensive real estate A home for sale in rural Sturgeon County. ( The home, built in 2015, is located at 205 25122 Sturgeon Rd. and the listing has been up for three days days. 2 - $3.4M bungalow in Riverstone Pointe expensive real estate A home for sale in rural Sturgeon County. ( Back in the bungalows of Riverstone Point is this 3,624-square-foot home. Inside there are four bedrooms, games, theatre and fitness rooms, plus a wine cellar. expensive real estate A home for sale in rural Sturgeon County. ( The home also boasts a library with floor-to-ceiling bookshelves and a sliding ladder. The property is 0.72 acres, with plenty of garden space in the back. expensive real estate A home for sale in rural Sturgeon County. ( Back in the front, the home boasts a drive-through portico with iron stone, copper chimneys, capolas and an iron security gate. The home, built in 2009, is located at 53 Riverridge Rd. and the listing has been up for 75 days. 1 - $3.7M bungalow in Sturgeon Crest expensive real estate A home for sale in rural Sturgeon County. ( Last, but never least (price-wise), is this 2,986-square-foot bungalow. The listing describes it as being reminiscent of the stone farmhouses of Burgundy, with wooden beams accenting the roof throughout the main floor. expensive real estate A home for sale in rural Sturgeon County. ( In addition to the standard games and workout rooms, the basement of this home boasts a sauna. Upstairs houses a gourmet kitchen and just outside it a carriage house with a separate living space. expensive real estate A home for sale in rural Sturgeon County. ( The home also has the largest plot of land on the list, with 2.03 acres. Built in 2017, it's located at 21B 25012 Sturgeon Rd. and the listing has been up for 241 days.
