Desrochers Edmonton Real Estate Market Feb 2024

Introduction to Desrochers Real Estate Dynamics

Welcome to the Desrochers area, a burgeoning real estate hotspot as of February 2024. This comprehensive market analysis provides key insights across various property types, highlighting trends that cater to both buyers and sellers. With an eye on the future, Desrochers offers a unique blend of opportunities for anyone looking to enter the real estate market.

Total Residential Market Overview

Listing Absorption Rate Hits 100% The Total Residential market in Desrochers is a testament to high demand, achieving a 100% Listing Absorption Rate. This is indicative of a seller’s market where listed properties are being sold as quickly as they come onto the market. The benchmark price stands at a desirable $434,479, with a favorable monthly growth of 1.96% from January 2024 and an annual increase of 7.28% from February 2023.

Detached Homes - The Seller's Sweet Spot

Consistent Demand with an Upward Price Trend Detached homes continue to be the jewel in the Desrochers real estate crown, with a perfect 100% absorption rate. The benchmark price for these sought-after properties is $449,976, marking a 2.19% increase from the previous month and an 11.11% climb from the previous year. Sellers are enjoying quick turnovers, with homes averaging 98 days on the market, and nearly as many homes sold as there are active listings.

Condominiums - A Market of Opportunities

Diverse Possibilities for Savvy Buyers Condominiums in the Desrochers area present a contrasting scenario. With a 50% absorption rate and a benchmark price of $295,000, this sector has seen a 16.6% decrease in price month-to-month, signalling a potential buyer’s market. The slower turnover, averaging 118 days on the market, provides ample time for buyers to find the right fit for their needs.

Active and Sold Listings - Market Vitality

Balanced Inventory with a Fast-Moving Market The vitality of Desrochers' real estate market is reflected in the balanced number of active and sold listings, with 10 each in the Total Residential category. This equilibrium suggests a healthy turnover rate and continued interest in the area’s housing options.

Navigating Your Real Estate Journey in Desrochers

Expertise to Guide Your Home Whether you're in the market to buy a slice of tranquillity or to sell your Desrochers property, expert guidance is indispensable. The Gurpreet Ghatehora Real Estate Team at RE/MAX RIVER CITY offers unparalleled knowledge and experience to ensure your real estate transactions are smooth and rewarding. With a finger on the pulse of Desrochers' market trends, the Ghatehora team is your trusted partner in buying or selling a house.

Take Action with the Ghatehora Team

Ready to make your move in Desrochers? Contact the Gurpreet Ghatehora Real Estate Team at RE/MAX RIVER CITY at 780-951-6530 for tailored advice that aligns with your real estate aspirations. Explore the latest listings and market insights at Edmontonhomesonsale.com and embark on a seamless real estate journey today.

Conclusion: A Market Ripe with Possibilities The Desrochers real estate landscape as of February 2024 is diverse and full of potential. Whether aiming to invest in a family home or seeking the convenience of a condominium, the market is ripe with opportunities. Harness the expertise of the Gurpreet Ghatehora Real Estate Team and turn the dream of homeownership into reality. Serving Edmonton & Area Since 2007.