Blackmud Creek Real Estate Market Update March 2024

Nestled in the dynamic city of Edmonton, Blackmud Creek is a community that showcases the vitality and growth of the real estate market. The March 2024 statistics reflect significant developments for stakeholders. With insights from the Gurpreet Ghatehora Real Estate Team, ranked among the top 100 agents in Canada and dedicated to serving Edmonton since 2007, we delve into the numbers that will guide current and prospective homeowners in making informed decisions.

Benchmark Price Developments: The Blackmud Creek community has seen a robust increase in property values, with the benchmark price reaching $506,541 in March 2024, up by a notable 8.93% from the previous month and an impressive 25.65% from the same period last year. This considerable year-over-year growth reflects the area's desirability and the competitive nature of the market.

Active & Sold Listings: The active listings in the community stand at 11 with 7 sales completed in March, indicating a healthy turnover rate and an active market. Moreover, despite a month-to-month decrease of 8.63% in benchmark prices to $612,177, the year-to-year growth remains strong at 8.35%, with 7 active listings and 5 sales. The most affordable segment of the market at $242,450, after a 6.75% monthly decrease, shows an extraordinary annual growth of 29.42%, with 4 active listings and 2 sales, underscoring a burgeoning market for entry-level buyers.

Average Days on Market (ADOM): Homes in Blackmud Creek are selling at a varied pace, with properties at the benchmark price of $506,541 staying on the market for an average of 51 days. Higher-priced homes have a slightly longer average of 57 days, while the most affordable homes are selling faster, with an ADOM of 36 days. This range in turnover times presents opportunities for both buyers and sellers to plan their market entry and exits strategically.

Conclusion: March 2024's real estate figures for Blackmud Creek paint a picture of a dynamic and evolving market. Significant annual price increases coupled with a steady rate of sales show the community's enduring appeal and the potential for smart investments.

In the shifting sands of the Blackmud Creek real estate market, aligning with the expertise of the Gurpreet Ghatehora Real Estate Team at RE/MAX RIVER CITY means partnering with award-winning service and deep community knowledge. Whether you are buying or selling, reach out to us at 780-951-6530 or visit Edmontonhomesonsale.com for a personalized approach to your real estate journey. Your dream home in the heart of Edmonton is just a call away – let us guide you there. #yeg #edmonton #housesforsale #homesforsale #edmontonrealestate #edmontonrealestateagent