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Edgemont Real Estate Market Recap: Highlights 0f 2024

Posted on January 2, 2025 by Stacy McIntyre

Edgemont Real Estate Market Recap: Highlights 0f 2024

As we step into 2025, it's time to reflect on the key developments in our Edgemont real estate market throughout 2024. Here’s a comprehensive overview of the metrics that shaped our community's property landscape last year.

Key Metrics Overview

Total Listings In 2024, we witnessed a decrease in the total number of new property listings, which fell by 7.20% from 250 in 2023 to 232. This decline suggests a tightening market, leading to increased competition among buyers.

Average List Price The average asking price for properties saw a significant increase of 6.09%, rising from $544K in 2023 to $577K in 2024. This upward trend indicates strong demand and appreciation in property values within our community.

Total Inventory Cost Total inventory cost experienced a slight decline of 1.55%, decreasing from $136M in 2023 to $134M in 2024. Although this drop is minimal, it points to a more selective inventory available to potential buyers.

Total Sales In a positive turn for the market, the total number of sales surged by 22.60%, with 179 properties sold in 2024 compared to 146 in 2023. This increase highlights the growing confidence of buyers in the Edgemont real estate market.

Sales Average Price The average sale price also rose by 7.00%, moving from $488K in 2023 to $522K in 2024. This growth further underscores the increasing value of homes in our community.

Average Asking to Selling Ratio The average asking to selling ratio improved slightly, increasing from 0.984 to 0.992. This figure indicates that sellers were achieving closer to their asking prices, reflecting a robust and competitive market.

Average Days on Market Homes sold faster in 2024, with the average days on market decreasing by 26.88%. Properties that lingered for an average of 93 days in 2023 were selling in just 68 days in 2024, showcasing the high demand and competitive nature of our market.

Total Sales Volume The total sales volume saw impressive growth, climbing by 31.18% from $71.2M in 2023 to $93.4M in 2024. This substantial increase highlights the ongoing strength and vitality of the Edgemont real estate market.

Conclusion In summary, the Edgemont real estate market in 2024 reflected strong trends, characterized by increased sales activity and rising property values. As we move into 2025, it's essential for both buyers and sellers to stay informed and prepared in this dynamic environment. Whether you're looking to buy your dream home or considering selling, the Edgemont market continues to present exciting opportunities!

For personalized insights and assistance, don’t hesitate to reach out. Here’s to a prosperous 2025 in Edgemont!

Stacy McIntyre

Liv Real Estate

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Is Edgemont Edmonton a good place to live?

Posted on June 26, 2023 by Stacy McIntyre

Is Edgemont Edmonton a good place to live?

Edgemont in Edmonton is a vibrant and welcoming community that offers exceptional living conditions for all residents. From a K-9 school coming soon to its nearby ravines, parks, and golf courses, Edgemont has something for everyone. Here are eight reasons why Edgemont is a good community to live in:

1. Brand new K-9 school coming soon

One of the most significant developments in Edgemont is the construction of a brand new K-9 school. The school will be state-of-the-art, featuring the latest technology and modern amenities. It will provide an excellent education for Edgemont's youth and will be a great asset to the community.

2. Nearby Wedgewood Creek Ravine, parks, pathways, and golf courses

Edgemont is surrounded by natural beauty, including the Wedgewood Creek Ravine. The ravine is a popular destination for hiking, biking, and nature walks. There are also several parks and pathways in the area that provide opportunities for outdoor recreation. For those who enjoy golfing, there are several golf courses nearby, including the Lewis Estates Golf Course and River Ridge Golf Course.

3. Many ponds with geese and ducks

Edgemont is home to several ponds that are home to geese and ducks. These ponds provide a tranquil and picturesque setting for residents to enjoy.

4. Two beautiful new parks

Edgemont has two beautiful new parks. These parks offer a variety of amenities, including playgrounds, picnic areas, and lots of green space to run and kick a ball. They are great places for families to spend time together and for children to play and explore.

5. Community skating rink

Edgemont has a community skating rink that is open to all residents during the winter months. The rink is a great place to enjoy outdoor activities and to socialize with neighbors.

6. Edgemont Communities League events

The Edgemont Communities League offers many events throughout the year, including a community garden, Canada Day BBQ, and Edgemont in Bloom contest. These events bring residents together and help create a sense of community and belonging.

7. On Demand Transit System

Edgemont is a part of the On Demand Transit System, which provides residents with easy access to public transportation. This system is convenient and efficient, making it easy for residents to get around the city.

8. Amenities

Edgemont is a great community with a variety of amenities nearby, making it convenient for residents. There are several gas stations, car washes, and dining options, such as NV Restaurant and Bar, Edo Japan, Royal Pizza, Panago, and Tim Hortons. For families with young children, there are several daycares in the area, including the Jumpstart Early Learning and Stepping Stones Academy. Fitness enthusiasts will enjoy the F45 Training and GoodLife Fitness, while grocery shopping can be done at the Save-On-Foods and Co-op in the nearby community. Overall, Edgemont offers everything residents need to make their lives comfortable and convenient.

But perhaps the best thing about living in Edgemont is the sense of community and belonging that comes with it. Whether you're attending a community event or just chatting with your neighbors, there's a warmth and friendliness to the people in Edgemont that makes it feel like home. So if you're looking for a place to live that's not just practical, but also fun and welcoming, consider making Edgemont your next home!

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Edgemont Eats: Discover the Delicious Local Restaurants in Edmonton's Vibrant Community

Posted on June 21, 2023 by Stacy McIntyre

Edgemont Eats: Discover the Delicious Local Restaurants in Edmonton's Vibrant Community

If you're looking for delicious local restaurants in Edmonton, the Edgemont community has a variety of options to choose from. Whether you're in the mood for Chinese, Japanese, Italian, or Vietnamese cuisine, there's something for everyone in this vibrant community. Here are some of the top community restaurants you should try:

Yummy Kitchen: This Chinese restaurant is known for its authentic cuisine and generous portions. Their menu features a variety of dishes ranging from dim sum to noodle soups and stir-fry dishes. Super friendly and everythig is made fresh to order.

Chop Chop Restaurant: This Asian fusion restaurant offers a mix of Korean, Japanese and Chinese dishes. They are known for their Korean Fried Chicken, sushi rolls, and ramen bowls.

Oodle Noodle: This Vietnamese restaurant offers a variety of noodle dishes, including pho and stir-fry noodles. Their menu is affordable and has plenty of vegetarian options.

Royal Pizza Hamptons: This take-out pizzeria offers a wide range of pizza toppings to choose from, including vegetarian and gluten-free options. Their pizza is made fresh and is perfect for a night in with friends or family. Pizzas not the only thing they make, have you tried the pasta dishes, chicken wings, ribs, donairs, and burgers?

Panago Pizza: This chain pizzeria offers a variety of specialty pizzas, including ones with unique toppings like pesto and goat cheese. They also have gluten-free options available. You have to try the sweet cinnamon breadsticks with sweet frost dip, our family favorite!

Edo Japan - Edgemont Landing - Grill and Sushi: This Japanese restaurant offers a variety of grilled meats and sushi rolls. They are known for their teriyaki chicken and beef bowls.

Tim Hortons: This Canadian chain is perfect for a quick coffee or snack on the go.

Spice N Rice: This Caribbean restaurant offers a variety of vegetarian and non-vegetarian dishes, including Jerk chicken and Pineapple Express Chicken.

NV Restaurant & Bar - 199 Street: This Italian restaurant offers a variety of pasta dishes and pizzas. The environment is upscale, making it perfect for date night.

Chefs Butter Chicken: This Indian restaurant is known for their butter chicken and naan bread. They also have a variety of vegetarian options. Eat in or dine in. Food is delicious.

PhoXpress Hampton: This Vietnamese restaurant offers a variety of pho and noodle dishes. Their portions are generous and their prices are affordable.

Western Barcode: This diner is perfect for lunch or dinner. They offer classic diner food like burgers, pizza, and a kids menu. Check out their daily happy hour specials.

In conclusion, the Edgemont community in Edmonton has a variety of local restaurants to choose from. Whether you're in the mood for Chinese, Japanese, Italian, Caribbean, or Vietnamese cuisine, there's something for everyone. So, next time you're in the area, be sure to try out one of these delicious restaurants.

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