Kyla Suder : Re/Max Preferred Choice : Archived blog posts for : 2024

New property listed in Spruce Grove, Spruce Grove

Posted on February 6, 2024 by Kyla Suder

Posted in Spruce Grove, Spruce Grove Real Estate

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.

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How was the Market Activity in January 2024

Posted on February 4, 2024 by Kyla Suder

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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