Detailed Breakdown of Keswick’s Real Estate Market for June 2024

Keswick's real estate market in June 2024 exhibits some intriguing trends across various property types, with variations in listing absorption rates and benchmark prices that offer valuable insights for potential buyers and sellers. This blog provides a comprehensive analysis of the market dynamics in the Keswick area, highlighting opportunities and trends that are shaping the local real estate landscape.


Total Residential Overview
In June 2024, the Keswick area experienced a 26% listing absorption rate for total residential properties, indicating a relatively balanced market that leans slightly towards sellers. The benchmark price for these properties stood at $630,783, marking a 10.77% increase from the previous year, though there was a decrease of 1.36% from May 2024. This suggests a year-over-year growth in property values despite recent monthly fluctuations. There were 69 active listings and 18 sales during the month, with homes staying on the market for an average of 31 days before being sold.


Detached Homes Dynamics
Detached homes in Keswick showed a lower absorption rate of 26%, reflecting a balanced market environment. The benchmark price for detached homes was $660,893, which represents a significant year-over-year increase of 16.06% despite a monthly decrease of 12.87% from May 2024. The market for detached homes is adjusting, with 62 active listings and 16 sales in June, and homes spending an average of 32 days on the market.


Apartment Condominium Sector Performance
The apartment condominium sector in Keswick displayed the highest listing absorption rate at 29%, signaling strong demand in this segment. The benchmark price was $389,900, showing a substantial month-to-month decrease of 30.76%, indicating a possible market correction or a shift in the types of units being sold. Condominiums moved relatively quickly, with an average of 19 days on the market, highlighting their popularity and the quicker turnover rate compared to other property types.


Market Implications for Keswick Residents
For sellers in Keswick, especially those with condominiums or detached homes, the market conditions are favorable, although pricing strategies may need to adapt to the recent shifts in benchmark prices. For buyers, the range of absorption rates across property types suggests opportunities to negotiate, particularly in the condominium market where recent price adjustments could yield excellent value purchases.



Navigating Keswick's varied real estate market requires expertise and timely information. Whether you are buying your first home, seeking an investment property, or planning to sell, the Gurpreet Ghatehora with ManiBagga Team at Royal LePage Magna is here to guide you with top-tier real estate advice and deep local knowledge. Reach out today at 780-951-6530 or visit Edmontonhomesonsale.com to discover how we can help you make informed decisions in this dynamic market.

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