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The St. Albert real estate market has seen notable shifts in December 2023, with changes in new listings, total homes sold, and property prices. As a dedicated real estate agent at Home Analytics, my goal is to provide you with a comprehensive update on the current state of the market. Let's delve into the key statistics and trends shaping the real estate landscape in St. Albert.
New Listings Overview
In November 2023, the total number of homes listed for sale in St. Albert stood at 59. This represents a significant change of -45.4% from the previous month, indicating a dynamic market with fluctuations in supply. To explore available properties, you can check out the St. Albert listings.
Total Sold Overview
The total number of homes sold in St. Albert for November 2023 was 40, marking a -55.6% month-over-month change. Additionally, there was a -16.7% year-over-year decrease in the number of homes sold. For those interested in specific property types, such as duplexes, you can find attractive options in the St. Albert duplex listings.
Single-Family Homes
Average and Median Prices
The average price of a single-family detached home in St. Albert for November 2023 was $542,803.7. This reflects a -4.7% month-over-month decrease and a -1.8% year-over-year change. The median price, at $467,450, experienced a -6.5% MoM and -4.6% YoY shift. To explore single-family home options in St. Albert, check out the listings.
Half-Duplex Market
For half-duplexes, the average price in St. Albert for November 2023 was $369,333.3, showing a -18.1% month-over-month change and a substantial -33.2% year-over-year decrease. The median price was $379,000, experiencing a -19.8% MoM and -28.8% YoY shift.
Condominiums
In the condominium market, the average price for November 2023 was $169,000, indicating a -5.3% MoM and -27.9% YoY change. The median price, at $169,000, experienced a significant MoM shift of 52.3% but a YoY decrease of -18.2%.
Townhomes
Townhomes in St. Albert had an average price of $215,137.5 in November 2023, with a -20.4% MoM and -18.4% YoY change. The median price was $212,500, reflecting a -19% MoM and -18.3% YoY shift.
Sales-to-New-Listing Ratio
The sales-to-new-listing ratio for St. Albert in December 2023 was 0.68, indicating a relatively balanced market.
Cumulative Days On Market
Understanding the average days on market is crucial for both buyers and sellers. In St. Albert:
Detached single-family homes spent 93 days on the market.
Duplex properties spent 41 days on the market.
Condos/apartments had an average of 56 days on the market.
Townhomes spent 77 days on the market.
For those considering a move in the St. Albert area, these insights provide valuable information to navigate the real estate market. Stay informed and make confident decisions whether you're buying or selling.
For more detailed information on available properties, visit our St. Albert Listings page. If you're interested in duplexes, check out our specialized Duplex Listings section.
Stay informed, stay ahead. For additional insights into the real estate market or valuable tips on selling your house, read our blog post on How Much Does It Cost to Sell Your House in Alberta in 2023.
Navigating the St. Albert real estate market requires a comprehensive understanding of current trends and statistics. Trust Home Analytics to provide you with the latest updates and expert guidance throughout your real estate journey.