Blue Quill Real Estate Market Update March 2024

Unveiling Blue Quill's Red-Hot Real Estate Figures for March 2024

A Seller's Market Across the Board


The real estate market in Blue Quill has hit a momentous high with a 100% listing absorption rate for Total Residential, Detached, and Apartment Condominium properties. This unparalleled demand indicates that listings are selling as swiftly as they appear, signifying an exceptionally strong seller's market.

Benchmark Prices Indicate Skyrocketing Value


In a stunning display of market strength, Total Residential properties in Blue Quill boast a benchmark price of $342,814, up a massive 97.59% from February 2024 and 41.4% from the previous year. Detached homes stand at $512,629, with data unavailable for a month-to-month comparison but showcasing a significant year-over-year increase of 29.75%. Apartment Condominiums, while experiencing a slight monthly dip of 0.29%, have surged by 14.68% since March 2023, now priced at $173,000.

Inventory Turnover Reflects Fervent Activity


Blue Quill’s market activity is fervent, with Total Residential properties showing 2 active listings against 6 sales, Detached properties having 3 active listings against 3 sales, and Apartment Condominiums with 2 active listings and 3 sales. The brisk sales reflect a market where demand is rapidly absorbing supply.Average

Days on Market - A Rapid Pace of Sales


Properties are moving quickly in Blue Quill, with Total Residential and Detached properties spending an average of just 36 and 15 days on the market, respectively. Apartment Condominiums take a bit longer at 57 days, but this is still indicative of a market where listings do not linger for long.


In the sizzling Blue Quill real estate market, timing and expertise are everything. If you're considering buying or selling a house, the Gurpreet Ghatehora Real Estate Team at RE/MAX RIVER CITY is here to provide the expert guidance you need. With a track record of excellence serving Edmonton and the area since 2007 and recognition as a Top 100 Agent in Canada from 2021-2023, we are your go-to experts. Don’t miss out on your dream home - it's just a call away at 780-951-6530, or visit us at Edmontonhomesonsale.com.

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