Demand is rising within the surrounding communities of Edmonton

Links to the breadcrumb trail

Author of the article:

Joel Schlesinger for the Edmonton Journal

Publication date:

Dec 11, 2020December 11, 2020Read for 3 minutes Join the conversation Homes in the Edmonton area are selling as people look for more space. Homes in the Edmonton area are selling as people look for more space. Photo to file /Postal media

Reviews and recommendations are impartial and products are independently selected. Postmedia can earn affiliate commission from purchases made through links on this page.

Article content

Many remote communities saw strong single-family home sales in the past month, the latest data shows, suggesting growing demand for the segment that typically offers more value for money to shoppers when shopping outside of the Edmonton city limits.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

The Realtors Association of Edmonton released their November numbers, showing Census Metropolitan Area sales for November increased 27.18 percent from the same month in 2019.

“COVID-19 and the lockdown have forced shoppers to reassess the importance of home and their space requirements,” said Jennifer Lucas, chief executive officer of RAE.

“And so we have many first-time buyers who have rented and did not feel so safe in an apartment building and were looking for a single-family home.”

Lucas points out that the demand for single-family homes is growing in many remote communities, including Fort Saskatchewan.

“So far this year we’ve seen sales jump from 269 in 2018, 279 in 2019, and now this year we’re at 337,” she says of sales through November 30th.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

The sales figures for 2020 mean an increase of 20 percent compared to the previous year.

Monthly sales were more dramatic in November, with 30 transactions versus 19 a year earlier, or a 57 percent increase. The demand is backed by the fact that the median price of a single family home in Fort Saskatchewan is about $ 390,000, less than the median price of about $ 400,000 in Edmonton.

“You also get more house and yard here than in the city,” says Lucas, a long-time resident of the community.

Sherwood Park also had strong sales in November.

Sherwood Park had 64 sales, up 43 percent last year, up 43 percent. Since the beginning of the year, however, sales have only increased by around seven percent.

In St. Albert, November sales fell from 57 in 2019 to 44 sales last month. Nevertheless, St. Albert has recorded a slight increase in sales over the course of the year from 725 in 2019 to 726 in 2020. That is an increase of less than 0.2 percent.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

Lucas notes that both communities are constantly on the buyer’s radar. Additionally, property prices are generally higher than Edmonton, with the average price in Sherwood Park being around $ 426,000 and St. Albert being around $ 412,000.

In the west, there were 35 sales in November, up from 16 in Spruce Grove in 2019. Year-to-date, sales rose only about seven percent, with 373 sales ending Nov. 30, up from 347 in 2019.

In November, demand in Stony Plain was fairly stable with 19 single family home sales compared to 18 in the same month last year. In addition, sales have declined slightly since the start of the year, from 292 in 2019 to 289 as of November 30 this year – a decrease of about one percent.

Still, sales volume – the total value of transactions in dollars – was up about $ 6.8 million in transactions in the last month in Stony Plain, up from about $ 5.7 million in 2019. To date it has grown to more than $ 95 million -Dollars in sales, up from $ 89 million in 2019.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

Driving demand is buyers seeking the value these communities offer, says real estate agent Darcy Torhjelm, broker / owner of Re / Max Real Estate Stony Plain.

“A lot of customers are looking for homes under $ 300,000 that they could find … while a few years ago you couldn’t find anything under $ 300,000,” says Torhjelm.

In fact, the RAE data shows a significant difference in price. The average price for a single family home in November was $ 380,000 in Spruce Grove and $ 320,000 in Stony Plain.

“You get a lot more out here than you get in town for the same money,” says Torhjelm.

Share this article on your social network

advertising

This ad hasn’t loaded yet, but your article continues below.

By clicking the registration button, you agree to receive the above newsletter from Postmedia Network Inc. You can unsubscribe at any time by clicking the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Remarks

Postmedia advocates a lively but civil discussion forum and encourages all readers to share their thoughts on our articles. It can take up to an hour for comments to be moderated before they appear on the site. We ask that you keep your comments relevant and respectful. We turned on email notifications – you will now receive an email when you’ve received a reply to your comment, there’s an update on a comment thread you’re following, or when a user you follow follows comments . Check out our Community Guidelines for more information and details on how to customize your email settings.

Comments are closed.