Thursday, May 21, 2009

Edmonton Neighbourhoods: Forest Heights & Strathearn

Forest Heights and Strathearn are residential neighbourhoods in south east of Edmonton overlooking the North Saskatchewan River valley to the north and west. Their central location, near Downtown Edmonton, University area and River Valley Parks with four bridges to the north and Wayne Gretzky Drive to the east, provides a unique atmosphere and convenience for a place to live in.

Forest Heights Real Estate:
According to the 2005 municipal census, the most common type of home in the neighbourhood, is the single family dwelling -76%, apartments style condominiums account for 12% and duplexes 11%.
There are presently 13 SD houses for sale through MLS in Forest Heights, ranging in price from 249,900 to 649,000. Average size of the homes is 1,277 sq.feet and list price 396,732 / 328 per sq.foot.
In the last 90 days, 8 SD homes have sold for the average price of 393,875 / 349 per sq.foot , 10% higher than Edmonton and area average of 353,386 ( April of 2009 numbers ). These homes sold fairly quickly, 26 days-on-market, and ranged in list price from 259,900 to 874,500. The sold-to-list price ratio was 97%.
Strathearn Real Estate:
The most common type of residence in Strathearn are single family dwellings, 44 % of all the residences in the neighbourhood, 36% are rented apartments in low rise buildings and 20% are rented apartments in high rise buildings.
There are currently 7 homes for sale in Strathearn, ranging in price from 219,000 to 1.9 million. In the last 90 days, 4 SD homes have sold for the average price of 318,500 / 301 per sq.foot with only 13 days-on-market and 97% sold-to-list price ratio.
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Submit for a free online home evaluation of your Forrest Heights or Strathearn property.

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