Market Reports

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟒

𝐂𝐨𝐥𝐝 𝐰𝐢𝐧𝐭𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐛𝐫𝐢𝐧𝐠𝐬 𝐡𝐨𝐭 𝐧𝐞𝐰𝐬 𝐟𝐨𝐫 𝐒𝐄𝐋𝐋𝐄𝐑𝐒!

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The average sold price for single-family homes in Leduc has skyrocketed to nearly $500,000—the highest in the past two years!

This represents an 8.6% increase month-over-month and a massive 23.5% jump year-over-year. Condo prices also surged last month and remain steady at levels not seen since December 2023!

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However, low inventory continues to pose a challenge as we approach the end of 2024. Currently, there are just 94 homes for sale and an additional 13 homes pending in Leduc. With plenty of eager buyers in the market and interest rates on the decline, the demand for homes remains incredibly strong.

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𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞? 𝐓𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐓𝐞𝐚𝐦 𝐢𝐬 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐬𝐞𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐩𝐫𝐢𝐜𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞. 𝐋𝐞𝐭’𝐬 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮𝐫 𝐧𝐞𝐱𝐭 𝐦𝐨𝐯𝐞 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟒

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Sales of Leduc Homes are down

7% since September 2024, however, up an astounding

23% over the number of sales from October of last year! Single Family Home average sold price is down

7% month-over-month, but still up

11.5% year-over-year. Condo average prices are up

8% since last month to an average of $245,250; the highest they have been since December 2023!

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Inventory in Leduc is gradually increasing, with 101 homes currently on the market and an additional 26 homes pending. This brings some relief to the very low inventory levels we've seen over the past year. With plenty of buyers searching for homes and interest rates declining, demand for homes in Leduc remains high!

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🎅🎄𝐈𝐟 𝐲𝐨𝐮'𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐛𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐡𝐨𝐥𝐢𝐝𝐚𝐲 𝐬𝐞𝐚𝐬𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐚 𝐠𝐫𝐞𝐚𝐭 𝐦𝐨𝐯𝐞! 𝐋𝐞𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐓𝐞𝐚𝐦 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐬𝐚𝐥𝐞. ❄️☃️

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟒

𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐅𝐚𝐥𝐥 𝐌𝐚𝐫𝐤𝐞𝐭! Sales of Leduc Homes are up

6% since August 2024, hovering slightly under the number of sales at this time last year. Single Family Home average sold price is up

6.2% month-over-month, and a resounding

18% year-over-year! In fact, 40% of the Single Family Homes, sold in Leduc in September, sold for over $500,000! Condo average prices are also up

10.5% since last month; and fairly stable with the average price at the same time last year.

There are 102 homes currently on the market in Leduc, (27 additional homes are currently pending), that is nearly 1.5 months of inventory at the current selling rate, which indicates that we are still in a very strong Seller's Market. Leduc homes are in very high demand, especially single family homes under $400,000.

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟒

The dog days of summer were upon us in August as we experienced a significant dip in sales. Sales of Leduc Homes are down

26% since July 2024, hovering slightly over the number of sales at this time last year.

Prices remain strong in Single Family Homes, seeing a modest increase

of 1.7% month-over-month, and a resounding

14.2% year-over-year. Condo average prices took a significant decline

16% since last month; however, due to the low volume of sales this is not an accurate representation of what your condo is worth.

Inventory in Leduc is slowing starting an incline, with 105 homes currently on the market (24 additional homes are currently pending). However, due to recent cuts in key lending rates with the Bank of Canada (now 4.25%), we are anticipating a strong fall market. Leduc homes are still in high demand.

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒

As school is out, and focus turns to summer vacations

, we are experiencing a dip in sales. Sales of Leduc Homes are down

18% since peak in May; however, they are moving faster than ever with average days on market at only 22 days!

If you are a Buyer, be prepared to act quickly, homes are often pending within the first few days on the market!

Single Family Homes have seen a modest

2.4% drop in price, since last month, however, still up

10.4% from the same time last year. Condo average prices are at the highest they have been since December 2023, up

2.9% since last month.

Inventory in Leduc is very low. There are currently only 93 homes available at the time of this post, (23 additional homes are currently pending). Inventory is down

32.6% compared to same time last year! With lack of inventory and lots of buyers, we are expecting pricing to stay strong.

𝐘𝐎𝐔𝐑 𝐇𝐎𝐌𝐄 𝐂𝐎𝐔𝐋𝐃 𝐁𝐄 𝐈𝐍 𝐇𝐈𝐆𝐇 𝐃𝐄𝐌𝐀𝐍𝐃!

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟒

We are experiencing a little bit of a cool down from the hot Spring market

Sales of Leduc Homes are down

14% since last month, but are up

12% from the same time last year!

Both Single Family Home and Condo average prices have remained fairly stable month-over-month, but are still up

9% and 12% respectively, year-over-year.

Inventory is recovering slightly, but still very low. There are currently only 93 homes available at the time of this post, (32 additional homes are currently pending). Inventory is down

31% compared to same time last year! With lack of inventory and lots of buyers, we are expecting pricing to stay strong.

𝐘𝐎𝐔𝐑 𝐇𝐎𝐌𝐄 𝐂𝐎𝐔𝐋𝐃 𝐁𝐄 𝐈𝐍 𝐇𝐈𝐆𝐇 𝐃𝐄𝐌𝐀𝐍𝐃!

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐌𝐚𝐲 𝟐𝟎𝟐𝟒

The market is really HOT this spring! Sales of Leduc Homes are up

23% since last month, and up

13% from same time last spring!

Single Family home average prices saw a modest

2.6% decrease since last month, but are still up huge

10.2% over last spring, which is, on average, nearly $50,000 more in sellers pockets!

Condos average sale prices are the highest they have been since December 2023, up

12.6% over last month.

Inventory is the lowest its been in the last two years with less than 1 month of inventory on the market! There are currently only 87 homes available at the time of this post. With lack of inventory and lots of buyers, we are expecting pricing to stay strong.

𝐘𝐎𝐔𝐑 𝐇𝐎𝐌𝐄 𝐂𝐎𝐔𝐋𝐃 𝐁𝐄 𝐈𝐍 𝐇𝐈𝐆𝐇 𝐃𝐄𝐌𝐀𝐍𝐃!

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟒

Sales of Leduc Homes are up an another

9% since last month, signaling a strong spring market!

Single Family home average prices saw a huge

6% increase over last month. Condos average sale prices saw a

6.5% decrease; however, they are still well over last spring's averages.

LOW INVENTORY continues to plague the Leduc Market, with only 95 homes available at the time of this post, (41 additional homes are currently pending). Inventory is down

43% compared to last year!

𝐘𝐎𝐔𝐑 𝐇𝐎𝐌𝐄 𝐂𝐎𝐔𝐋𝐃 𝐁𝐄 𝐈𝐍 𝐇𝐈𝐆𝐇 𝐃𝐄𝐌𝐀𝐍𝐃!

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟒

Spring market has come in like a lion!

Sales of Leduc Homes are up an astounding

33% since last month, and

51% over last year's sales!

Single Family home average prices saw a modest

0.5% decrees since last month, but a

5% increase over the same time last year. Condos average sale price also saw a modest decreased by

1%, but are remaining fairly stable.

LOW INVENTORY remains the name of the game, with only 90 homes available at the time of this post, (29 additional homes are currently pending). Inventory is down

52% compared to last year!

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒

HOT SELLER'S MARKET!

Low inventory in the Greater Edmonton Area is creating favorable conditions for sellers, with average sale prices on the rise and days-on-market lowering.

Sale of single family homes and condos in Leduc were up

15% over January. Single Family home average prices saw a

3% increase over last month, and a

9% increase over the same time last year! Condos average sale price increased by

15%, recovering from a significant dip last month.

Leduc is suffering from LOW INVENTORY, with only 93 homes available at the time of this post, (35 additional homes are currently pending), up slightly from last month, but down

41% compared to last year!

𝐈𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐭𝐡𝐞 𝐉𝐚𝐬𝐨𝐧 𝐑𝐮𝐬𝐭𝐚𝐧𝐝 𝐭𝐞𝐚𝐦 𝐚𝐭 𝟕𝟖𝟎-𝟗𝟏𝟗-𝟎𝟎𝟎𝟒 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐡𝐨𝐭 𝐬𝐞𝐥𝐥𝐞𝐫'𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!

𝐋𝐞𝐝𝐮𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒

Welcome to a new year and an optimistic month in Leduc Real Estate.

Sale of single family homes and condos in Leduc were up

12% over December and a whopping

39% since the same time last year! Single Family home average prices saw an

8% increase over last month, while condos sale price averages took a dip of

22%, putting it closer in line with last year's winter averages.

We are continuing 2023's trend of VERY LOW Inventory in Leduc, with only 89 homes available at the time of this post

, (26 additional homes are currently pending), down another

12% since December, and down

30% compared to last year .

If you are considering listing your home, now is a great time! Contact the Jason Rustand Team at 780-919-0004 if you would like an evaluation of what your home is worth.