Why Edmonton’s South End is Still a Hotspot for Smart Real Estate Investments

Despite a quieter market seasonally, Edmonton’s south end is experiencing an impressive growth surge that’s making it one of the most promising areas for real estate investment. Neighborhoods like Windermere, Chappelle Gardens, Allard, and Heritage Valley are buzzing with new developments, modern amenities, and a lifestyle appeal that’s attracting families, professionals, and investors alike. Here’s why these areas are truly “worth every penny” and why buying now could be the smartest move you make.

1. Expanding Infrastructure and Amenities

The south end of Edmonton is rapidly transforming with new infrastructure projects designed to support its growing…

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Edmonton Real Estate Market Update: November 2024 and December Forecasts

As we dive into the final months of 2024, Edmonton's real estate market continues to showcase resilience and adaptability. From steady demand to shifting trends, November has provided valuable insights, helping to set the stage for what we can expect as we transition into December. Here’s a closer look at Edmonton’s current market conditions and what could be in store for buyers, sellers, and investors next month.

November Snapshot: What’s Happening Now

  1. Steady Demand in the Residential Market
    November has seen a consistent demand for residential properties, especially in Edmonton’s…

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The single-family home market in Edmonton saw consistent activity throughout October 2024, with stable sales volume and continued strength in pricing. While the market showed some typical seasonal moderation, key metrics indicate that both buyers and sellers can move with confidence. Here’s a detailed breakdown of the numbers and trends shaping the market this month.

Sales Prices

In October 2024, single-family home prices averaged $525,000, which marks a slight adjustment from the summer highs of $532,000 in July. Despite this small seasonal dip, prices remain robust, reflecting a 9% year-over-year increase from $480,000 in October 2023.

This solid price appreciation over the past year suggests that Edmonton’s real estate market is holding…

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Selling your home in Edmonton’s competitive real estate market is often more than just a financial transaction. It can be emotionally draining, especially during life-altering events like divorce, financial hardship, or the loss of a loved one. At Vital Home Realty, we provide compassionate and expert real estate services to help make the process easier. Led by Brittany Louiseize, a highly experienced REALTOR® with a background in mental health, we offer holistic support that goes beyond the typical real estate approach.

Why Selling Your Home Can Be Emotionally Challenging

When you’re selling your home, particularly during a difficult life event, you may face several challenges:

  • Asset Division: In divorce cases, the family home often…

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The Edmonton real estate market is buzzing with activity in October 2024, and whether you're a homebuyer, seller, or real estate investor, now is the time to understand the trends that are shaping the market. At Vital Home Realty, we’re your trusted Edmonton real estate experts, guiding you to make smart decisions and seize the best opportunities.


Current Edmonton Real Estate Trends in October 2024

As we move deeper into the fall market, Edmonton’s real estate sector remains stable and dynamic. We’re seeing consistent activity across both residential and investment properties, with a few notable trends:

  • Home Prices: The average price for a single-family home in Edmonton is $480,000, showing a steady year-over-year growth. Condos are…

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3 Great Reasons to Make a Townhouse Your Next Home

 

Understandably, most new home buyers will, if they can, buy a single-family home over anything else. However, a townhouse might be a better choice. Here are 3 great reasons to consider making a townhouse your next home.

1. Value

Townhouses are less expensive. Compare the selling prices of townhouses to single family homes and the value is obvious. At the time of writing ie Augst 2024, the average selling price of a townhouse is less than $300,000, compared to over $745,000 for a detached single-family home. Townhouses are simply more affordable.

2. Generous Living Space

Townhouses are usually far larger than apartments and often equal to or perhaps even larger than some single-family…

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What’s It Like to Live in the Perch at Mattson Community?

Here are 3 things we like about the Perch at Mattson community.

1. The Best of Both Worlds

The community is being developed by Melor and Carrington. Perch at Mattson is a new community tucked in alongside more established communities such as The Orchards, Summerside and Walker. This gives you the best of both worlds. You can select a brand-new home built to the best and most current technological standards, but also enjoy the amenities of these more established nieighbourhoods including schools, shops and professional services.

Bedrock Homes, a builder that is part of the Carrington group is creating some wonderful home ownership opportunities in this community. You can read more…

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5 Reasons to Think Twice Before You Buy a Home With a Side Entrance

Many home buyers are convinced that they need a side entrance home. That is until we help them think through the pros & cons.

1. Cost of Construction & Low ROI

Have you factored in the cost of construction to your plan? Building a good quality basement suite could easily cost $50,000 to $75,000. It could take between 4 & 6 years of solid renting to pay for the construction costs. And given that most people who buy a new home move again within 3 to 5 years according to a senior member of the new home build community, it might not be worth it.

2. Less Security

A side entrance offers another entry way for intruders in a place that is often dark & away from prying…

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2024 July Condo Market Report

The Edmonton condo market is doing very well. Sales volume has remained strong. Prices continue to rise, particularly townhomes.

Sales Prices

In July 2024 condo sales prices ended 8% up when compared to the same month last year with an average price of around $233,000, a little down on the previous month. We think that this might be a simple dip and we expect prices to stay healthy for the balance of the year, driven primarily by townhome sales, rather than apartment style condo sales, the prices for which are essentially flat.

Sales Volume

Theres no shortage of demand. In July there were around 770 units posted sold on the MLS system compared to around 495 last year, an increase of 56%.

Days on…

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July 2024 Single Family Market Report

Single family home sales volume stayed high. Prices rebounded after a slight dip in June, but may moderate as the year matures.

Sales Prices


Single family home prices recovered in July after a slight dip in June to average around $532,000 in July 2024, compared to around $485,000 in 2023, an increase of 10% over the previous year.

Sales Volume

 

There was around 1240 single family homes sold in July 2024 which is about the same as in June. We would expect any further increases to be modest for the rest of the year or as is more likely a soft decline in sales volume as the year matures. This is quite normal.

Days on Market

 

The average number of days on market in July 2024 was 31…

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