St. Albert Real Estate Market Report: December 2024
As the year 2024 wraps up, the St. Albert real estate market shows intriguing trends and insights. By comparing December 2024 metrics with previous years, we uncover valuable patterns in the local property market. Here’s a breakdown of key metrics, complete with visualizations to help you better understand the data.
Key Metrics for December 2024
| Year | Median List Price | Median Sale Price | Properties Sold | Median Days on Market |
|---|---|---|---|---|
| 2020 | $394,450 | $378,750 | 54 | 41.5 |
| 2021 | $399,900 | $389,900 | 55 | 54.0 |
| 2022 | $454,500 | $444,000 | 48 | 47.5 |
| 2023 | $415,000 | $405,000 | 45 | 76.0 |
| 2024 | $429,900 | $422,500 | 49 | 25.0 |
Visualizing the Data
Median List and Sale Prices Over Time
Both list and sale prices in St. Albert property trends show steady growth from 2020, with a slight adjustment in 2023. December 2024 shows a moderate recovery with a median sale price of $422,500.
Properties Sold in December
The number of properties sold has remained relatively consistent, with a slight rebound in December 2024 to 49 sales after a dip in 2023.
Median Days on Market
Median days on market improved significantly in December 2024, dropping to 25 days from 76 in 2023. This suggests increased buyer activity and faster sales cycles.
Interpreting the Trends
What This Means for St. Albert Real Estate
The St. Albert property market has rebounded in several key areas:
- Faster Transactions: Properties sold more quickly in December 2024, with median days on market at the lowest point in recent years.
- Pricing Recovery: Both list and sale prices have stabilized, showing resilience after 2023 adjustments.
- Consistent Sales Volume: Despite broader market conditions, December 2024’s sales volume reflects strong demand in St. Albert real estate.
Looking Ahead
As we enter 2025, these metrics indicate a positive outlook for the St. Albert property market. Whether you’re buying or selling, understanding these trends can help you make informed decisions.
Stay tuned for more insights and updates on the St. Albert real estate market. If you’re considering a move or exploring options, let’s connect and discuss how you can navigate the market effectively in 2025.
Thinking about buying or selling? Contact us to explore opportunities in the St. Albert real estate market!
