Ambleside Edmonton Real Estate

Overview of Ambleside Market Status - February 2024

The real estate market in Ambleside for February 2024 displays varying degrees of activity across different property types. Total Residential properties are in a seller's market with a 33% listing absorption rate, indicating a competitive market for buyers. Detached homes show a higher absorption rate at 38%, making it an even more dynamic seller's market. Apartment Condominiums lean slightly towards a buyer's favour with a 30% absorption rate, suggesting a more balanced dynamic in this segment.

Benchmark Price Trends and Analysis

February 2024 saw significant growth in benchmark prices across all property types in Ambleside. Total Residential properties experienced a notable increase to $417,483, which is up 23.22% from January 2024 and 9.16% from February 2023. Detached homes command higher prices, now at $584,966, reflecting a 14.1% rise since January and an impressive 31.86% jump from the previous year. Apartment Condominiums remain the most accessible option at $250,000, showing a healthy 6.61% monthly and 3% annual growth.

Active and Sold Listings Dynamics In the active market.

Total Residential listings saw 18 active and 6 sold listings in February. Detached homes had a lower number of active listings at 8 but a solid sales performance with 3 sold listings. Apartment Condominiums show a balanced number with 10 active listings matched by 3 sold properties, indicating steady demand in this sector.

Market Velocity

Average Days on Market Properties in Ambleside spend an average of 87 days on the market for Total Residential and Detached homes, signalling a consistent pace in sales turnover. Apartment Condominiums take a tad longer at 88 days but still maintain a relatively quick market movement for potential sellers and buyers.

Navigating the dynamic Ambleside real estate market requires expert guidance to make informed decisions. If you're considering buying or selling a property, don't hesitate to reach out to the Gurpreet Ghatehora Real Estate Team at RE/MAX RIVER CITY. With over a decade of experience and is ranked among the top 100 agents in Canada from 2021-2023, our team is well-equipped to support your real estate endeavours. Contact us at 780-951-6530 or visit our website at Edmontonhomesonsale.com for tailored advice and exceptional service in Edmonton and surrounding areas. Serving the community since 2007, we're here to help you succeed in this competitive market. Check out👉 👉🏻 👉🏼 👉🏽 latest listings in Ambleside