The real estate market in Blackfalds continues to show steady growth as we move through the first quarter of 2025. While home prices are still increasing, the rate of growth has slowed slightly, making it a more balanced market for both buyers and sellers. Let’s dive into the key trends shaping the market right now.
Home Prices Are Rising – But More Slowly
Home values in Blackfalds are still on an upward trajectory, but the pace has moderated. The average selling price has increased by 3% compared to last year. This means that while sellers are still benefiting from appreciation, buyers may find that price increases are more manageable than in previous years.
More Homes Sold in January 2025
Sales activity is picking up! A total of 12 homes sold in January compared to 9 in January 2024, marking a 33% increase in transactions. This indicates stronger buyer demand and a more active market. For sellers, this is a sign that now is a great time to list, as buyers are moving quickly.
Low Inventory Creates a Competitive Market
The number of homes available for sale has dropped. This January, there were only 35 active listings, compared to 39 in January 2024. Lower inventory means that sellers have less competition, increasing their chances of securing a strong offer. Buyers, on the other hand, will need to be patient and prepared to act fast when the right home becomes available.
What This Means for Sellers
If you're considering selling your home, now is a great time to take advantage of low inventory and strong demand. With home prices still rising and buyers actively searching, listing your property while competition remains low could help you achieve the best possible sale price.
What This Means for Buyers
If you’re in the market for a home, be prepared for increased competition. The best properties will sell quickly, so having a mortgage pre-approval and being ready to make a strong offer is crucial. While the market currently favors sellers, buyers who act decisively can still find great opportunities.
Final Thoughts
Blackfalds continues to be a desirable market with steady demand. Whether you're looking to buy or sell, staying informed and working with a knowledgeable real estate professional can help you navigate the market successfully.