Detailed Overview of Ambleside's Real Estate Performance in June 2024

The Ambleside neighborhood in Edmonton presents an intriguing real estate market landscape as of June 2024. The varying absorption rates across different property types reflect a nuanced market where strategic decision-making is crucial for both buyers and sellers. This blog provides an in-depth analysis of the current real estate trends in Ambleside, offering valuable insights for potential investors and homebuyers.


Total Residential Properties


The Total Residential sector in Ambleside shows a listing absorption rate of 32%, indicating a relatively balanced market leaning towards buyers. The benchmark price for these properties stands at $506,734, marking a significant month-to-month increase of 44.86% despite a year-to-year decline of 1.18%. This suggests a recent surge in market values, likely driven by specific factors that may include new developments or increased demand for certain property types. With 41 active listings and 13 properties sold in June, the average days on market for these homes is 51 days, indicating a moderately paced market.


Detached Homes Dynamics


Detached homes in Ambleside are experiencing a stronger seller's market, evidenced by a 73% listing absorption rate. The benchmark price for detached homes is $630,318, showing a slight month-to-month decrease of 3.43% but an impressive annual growth of 7.44%. This indicates a healthy long-term appreciation in value for detached homes. With 11 active listings and 8 sales in the month, these homes are spending an average of 53 days on the market.


Apartment Condominiums Sector


The apartment condominium sector is the most dynamic, with a 17% absorption rate suggesting a buyer’s market. The benchmark price has increased significantly to $309,000, up 18.52% from the previous month and 60.38% year-to-year, reflecting substantial interest in this more affordable segment. Despite this interest, the market is slower, with condos taking an average of 47 days to sell, and 30 active listings against 5 sales in June.


Whether you are looking to capitalize on the burgeoning condo market, find a family home among the detached residences, or explore other opportunities in Ambleside's diverse real estate landscape, expert guidance is indispensable. Connect with Gurpreet Ghatehora at Royal LePage Magna, proudly serving the Edmonton area since 2007 and recognized among the top 100 agents in Canada by Rankmyagent. With the support of the Mani Bagga Team, we are dedicated to helping you navigate this complex market to find your ideal property. Call us today at 780-951-6530 or visit Edmontonhomesonsale.com to start your journey towards owning your dream home in Ambleside.

#AmblesideEdmonton #June2024RealEstate #EdmontonPropertyMarket #AmblesideHomesForSale #YEGRealEstateTrends #RoyalLePageMagna #GurpreetGhatehora #ManiBagga #YEGHousingMarket #EdmontonCondos #InvestInEdmonton #EdmontonHomeSales #AmblesideRealEstate #YEGRealtor #EdmontonRealEstateAgent #EdmontonHomes #HousesForSaleYEG #HomeBuyingYEG #SellYourHomeEdmonton #EdmontonLiving