New property listed in Spruce Grove, Spruce Grove

I have listed a new property at 306 CALAHOO RD in Spruce Grove. See details here

Rare opportunity for a lot located in the city centre of Spruce Grove which is zoned RC22 that will allow for Multi-Unit Dwellings, Accessory Buildings, Assisted Living Facility, Designated Assisted Living Facility Funeral Homes, Existing Public Utility Building, Row Housing, Stacked Sales Centre or a Special Care Facility. This residence had a house fire and the house is deemed uninhabitable. The house will need to be demolished and removed to allow for this opportunity. Maximum exposure with a corner lot and main road access. Huge lot size is 664 sqm.


How was the Market Activity in January 2024
Edmonton, February 2, 2024: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2024 came to 1,439, an increase of 17.5% from December 2023, and 46.8% higher than January 2023. New residential listings amounted to 2,195, a number 49.3% higher than in December 2023, and 2.3% lower than January 2023. Overall inventory in the GEA decreased 1.9% from December 2023 and 12.1% from January 2023.
For December, detached unit sales totaled 876, higher than the previous month by 25.0%, and up 51.0% from the previous year. Semi-detached unit sales held steady at just 0.7% higher month-over-month but showed an increase of 41.0% year-over-year.
Total residential average prices came in at $398,724, a 2.5% increase from December 2023, and a 7.6% increase from January 2023. Detached homes averaged $484,365, decreasing 1.0% from December 2023 and up from the previous year by 7.3%. Semi-detached units sold for an average of $378,421, resulting in a 6.6% increase ...
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