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Sherwood Park Real Estate Market Update

Tue, 27 May by Sonia Tarabay

sherwood-park-real-estate-market-updateIf you’re thinking about buying or selling a home in Sherwood Park or the wider Edmonton area in the next 6 months, it’s a good idea to keep an eye on the monthly market stats to see where the trends are.

Sherwood Park Real Estate Market Stats

In April, single family home total sales were up 33.8% from March, and up 12.6% from last April. That’s a great sign that more people are looking at buying Sherwood Park real estate and bringing their families to our great city this summer, which is good news if you’re planning on selling.

Looking at average price, the average selling price of a single family home in Sherwood Park has fallen slightly from last month, down around $6,000, or 1.4% from last month. When we dig deeper into the numbers, what we find is that more people are looking to buy homes at a more modest budget: Starter homes and first time home buyers are extremely active right now. We see this in particular when we look at the condo market where sales are up and the average price has increased by 3.5% over last month.

Sherwood Park Market Stats, Month-Over-Month

April 2014 March 2014
Single Family Home Sales 107 80
Single Family Home Average Price $452,448 $458,691
Condo Sales 30 21
Condo Average Price $328,963 $317,723

What about your long term investment? When we look year­-over-­year, we see that single family homes in Sherwood Park are continuing to increase in value overall. The average price of a Sherwood Park house has risen 2.6% since 2013, and 8.9% since 2012. And since Sherwood Park is growing, it’s a good bet your investment in the real estate market will continue to grow as well.

Sherwood Park Market Stats, Year-Over-Year

April 2014 April 2013 April 2012
Single Family Home Sales 107 95 94
Single Family Home Average Price $452,448 $441,062 $415,520

When I compared active listings from the last 90 days for Sherwood Park with active listings from Edmonton for the same time period, we can get a “current snapshot” of how the two markets compare.

Active Listings (Last 90 Days)

Sherwood Park Average Edmonton Average
List Price $476,625 $453,395
Days on Market 30 Days 46 Days
Price / Sq.Ft. $304/sq.ft. $297/sq.ft.
Home Age 17.1 Years 23.3 Years

The average list price of homes in Sherwood Park is higher than Edmonton, as is the price per square foot. The best news for home owners selling Sherwood Park real estate is the average days on market: in Sherwood Park, the average days on market is only 30 days, compared to Edmonton at 46 days!

Are you a stats geek who wants all the numbers? Check out the REALTORS® Association of Edmonton website for current monthly stats for the entire Edmonton area.

Selling Sherwood Park Real Estate: Price it Right

Of course, once you’re ready to buy or sell, these kinds of monthly stats are too broad, especially for sellers: In order to price your home correctly for the current market, you need to consider more specific factors, including what price comparable homes are selling for right now in your neighbourhood. You won’t find these stats in a PDF or news release: You’ll need an experienced Sherwood Park REALTOR® to help you understand the value of your property in the current market.

Ready to sell your Sherwood Park Home? Call me to get started with a Sherwood Park Comparative Market Analysis and Home Evaluation. Together, we can get the best price for your home.

Strathcona County – Your Home for Recreation!

Tue, 20 May by Sonia Tarabay

There are so many things I love about living in Sherwood Park! One of those is that whether you are a weekend warrior, part of an active family or a serious athlete, Strathcona County has just the recreational opportunity you are looking for!

Trails

sports race

The County has an extensive trail system throughout Sherwood Park and parts of the rural areas. These trails often link up and it is possible to go from one side of Sherwood Park to another, enjoying the park like setting.

The trail system continues to grow and Strathcona County is a member of the River Valley Alliance, an organization with a vision to create a continuous integrated river valley park system that will run through Devon, Parkland County, Leduc, Edmonton, Sturgeon and Strathcona County.

When complete, the 88 km river valley trail will be the longest metropolitan park in North America, encompassing 18,000 acres. Imagine what a beautiful bike ride or walk the trail will be!

Recreational Facilities

millennium-place-pool

The pool at Millennium Place in Sherwood Park

Not to be outdone by the wonderful trails, the recreational centres in Strathcona County are second to none.

Millennium Place offers a wave pool, hot tub and lap pool as well as an indoor track, two arenas, soccer field, a playground and even a great meeting spot complete with a coffee shop!

Ardrossan Recreation Complex is a beautiful facility with an incredible wellness centre, fitness track and drop in classes.

Moyer Recreation Centre is located in one of Strathcona County’s rural hamlets, Josephburg. Boasting the County’s largest kitchen facility, an arena and a wide variety of recreational opportunities, this centre will not be shown up by its urban relatives!

Kinsmen Leisure Centre offers swimming lessons, a waterslide, dive tank and hot tubs.

Strathcona Wilderness Centre has beautifully groomed cross-country trails in the winter and hiking, disc golf and geocaching in the warmer months. There are overnight accommodations and camping sites also available.

Golf Courses

Broadmoor Public Golf Course is located in Sherwood Park and was established in 1961.

Sherwood Golf & Country Club is a nine hole course located just outside Sherwood Park and is a nine-hole championship course.

Country Side Golf Club was opened in 1985 and they have 27 holes and a practice range that gives golfers plenty of challenge and reward.

Legends Golf & Country Club is just three miles north of Sherwood Park and is picturesque with ponds, rolling hills and wonderful views.

In addition to these great recreational opportunities, Strathcona County has also hosted the Tour of Alberta, the Seniors Games and many more prestigious events. Just another reason why Strathcona County is a great place to live!

So if you are ready to buy or sell a home in Sherwood Park or in Strathcona County, give me a call – I love helping people buy and sell in this beautiful place!

Why I Specialize in Sherwood Park

Tue, 13 May by Sonia Tarabay

Since moving to Sherwood Park years ago, I completely fell in love with the community, and while I continue to service the wider Edmonton area I always get a little extra excited about working with my Sherwood Park clients. I like to think of myself as a self­-appointed ambassador for Sherwood Park, both as a resident and as a business owner here. Sometimes I get asked “Why Sherwood Park?” and I always have my answer ready.

So Sonia, Why Sherwood Park?

Sherwood Park is Family Friendly

The Tarabay Family: Alexa, Sonia, Lennox, Eddy, & Eva

The Tarabay Family: Alexa, Sonia, Lennox, Eddy, & Eva

New Strathcona County Library in Sherwood Park

The New Strathcona County Library in Sherwood Park, photo by Strathcona County

Sherwood Park is one of Canada’s most family­-friendly communities, and when you live and work here you notice it right away: there are tons of families everywhere! Lots of young couples are picking Sherwood Park and – most importantly – choosing to stay here as their families grow. Between our great school system, our world­-class recreational facilities, and wealth of park land, it’s easy to see the appeal.

I live and work in Sherwood Park, and my family loves it here. My children love their school and have made a ton of friends. After school, there are so many great activities and classes available for my children to join: My three are involved in dance classes, swimming clubs, Taekwondo, and archery: all located right here in Sherwood Park! One of my favourite places to take my family is the new Strathcona County Public Library located in the Centre in the Park. This wonderful new library is absolutely wonderful for families: there are cozy reading corners, interactive areas for children, and a huge selection of great books for all ages.

In 2014, MoneySense magazine gave Sherwood Park top marks in their review of the best places to live in Canada. Sherwood Park got the #10 spot in the Best Place to Raise Kids in Canada category, the #3 spot in the Overall Best Place to Live in Canada, and the #2 spot in the Best Small City to live in Canada category!

In addition, Sherwood Park has been routinely ranked as one of Alberta’s safest municipalities which, as a mother myself, is a hugely important factor when I chose to raise my family here.

Sherwood Park By The Numbers: Family Focused

Sherwood Park: Family Focused Community

  • The average age of a resident of Sherwood Park is 39, making us one of the youngest communities in the Province.
  • 19% of Sherwood Park’s population is under the age of 15. That’s a lot of families!
  • 57% of people living in Sherwood Park love it so much they’ve stayed for 10 years, and another 17% are well on their way, having lived here for at least 5 years!
  • Sherwood Park has had over 12% in population grown over the last 5 years: the Canadian average is only 5.9%!

From a business perspective, this family-­friendly focus of Sherwood Park is one of the big reasons the community is growing, and that means the real estate market is also growing! Young couples and families want to move here, and as their family expands and prospers they look for new move-­up opportunities in the Sherwood Park real estate market. Then, as people get older and their kids start families of their own, they want to downsize and remain within the community to stay close to their grandchildren.

Families drive a huge portion of the real estate market in any city, and Sherwood Park has the infrastructure, community involvement, and facilities to attract people. The real estate market is constantly growing, which makes working here really exciting!

Business Opportunities in Sherwood Park

Sherwood Park is Business Friendly

Lineup to get into Sherwood Park’s Annual Great Canadian Trade Show & Fair

Anyone who lives here or is tuned in knows there are many great business opportunities in Sherwood Park, both commercial and industrial. Our thriving business community is well-­connected and growing fast: Sherwood Park is one of the best places in the region to start up a business. That translates into a lot of opportunity, and a lot of prosperity in the area. I go out of my way to support local businesses in Sherwood Park, and stay involved in the community business network as well.

By The Numbers: Business in Sherwood Park & Strathcona County

  • No business licenses and no registration fees make Sherwood Park a great place to start up.
  • Sherwood Park has one of the highest incomes in Canada, with households averaging $147,000 per year. That’s the second highest in the country!
  • As of 2013, there were over 8,100 businesses in Sherwood Park and Strathcona County, ranging from large corporations to home-­based companies.
  • The Sherwood Park & District Chamber of Commerce has over 1,000 members: It’s the third­ largest business chamber in Alberta.
  • There’s access to a market population of 1.16 million, including the greater Edmonton area.

One of the greatest things about the Sherwood Park and Strathcona County business community is its incredible diversity. We have everything here! Manufacturing, refining, commercial, retail, investment, agricultural, entrepreneurs, trades, professional services… the list goes on. This diversity makes for great networking opportunities, which I often take advantage of with groups like the BNI Park Power Connections chapter in Sherwood Park.

Sherwood Park’s prosperity and growth also means there’s a larger number of people interested in the Sherwood Park real estate market as an investment, which is another facet of the market I love to work in. I’ve helped investors of all backgrounds and experience levels find opportunities in the Sherwood Park and Strathcona County market.

That’s Why I Work in Sherwood Park

It’s because of Sherwood Park’s family focus and thriving business community that I’ve come to specialize in Sherwood Park real estate. To learn more about Sherwood Park and why I love it, you can check out my Sherwood Park Info page. I’ve made so many friends here from within the business community and from dealings with my own Sherwood Park clients. Sherwood Park is my home, and one that I’ve very proud of.

As much as I love Sherwood Park, I still also love working with my many Edmonton clients as well, which is why my service area covers the entire Edmonton area. So whether you’re looking at real estate in Sherwood Park, Strathcona County, or Edmonton I am only a phone call or email away.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.