Michaels Park Housing Market Statistics
Searching for Michaels Park housing market statistics in Edmonton? Trusted Michaels Park Neighbourhood Experts community of Top Michaels Park real estate agents with comprehensive housing market reports, trends, prices and sales data. Our monthly analytics provide insights into the Michaels Park housing market, including supply and demand, neighborhood housing prices, and affordability.
We analyze Michaels Park housing market statistics, trends, declines, days on market and house values to give you a clear understanding of housing availability, prices, past sales, and relevant market data in Michaels Park.
Michaels Park Real Estate Market Report and Trends
Searching for Michaels Park market reports and trends? Our REALTOR® partners are neighborhood experts in Michaels Park. Michaels Park REALTORS® can provide you with community demographics and statistics including details on household incomes, age, marital status and population living in private households.
- Currently 0 active homes for sale in Michaels Park
- Average price of real estate in Michaels Park: 0.00
- Highest priced listing in : 0.00
- View current real estate market trends in Michaels Park
- Explore homes for rent in Michaels Park
Frequently Asked Questions
As of September 2025, the Michaels Park Real Estate reports:
- 0 active properties for sale
- Highest priced property: 0.00
- Lowest priced property: 0.00
- Average price: 0.00
Yes, Michaels Park remains a strong seller's market with:
- Inventory: 1.5 months supply (balanced markets need 4-6)
- Sales-to-list ratio: 75% (above 60% indicates seller's market)
- Price reductions: Only 18% of listings reduce price
According to CREB's 2025 Q2 report, top areas by demand:
| Area | Price Range | Days on Market |
|---|---|---|
| Evanston (NW) | $500k-$700k | 9 |
| Auburn Bay (SE) | $600k-$900k | 11 |
| Bridgeland (Inner City) | $400k-$1.2M | 14 |
Despite Bank of Canada's 5% policy rate (June 2025):
- Calgary sales volume remains 12% above 5-year average
- 55% of buyers are opting for adjustable-rate mortgages
- New stress test rules allow 1% lower qualifying rate for insured mortgages
2025 Alberta Programs:
- First Home Savings Account (FHSA): $8,000/year contribution limit
- Alberta Home Buyer Program: 5% shared equity (max $50,000)
- City of Calgary Rebates: Up to $5,000 for energy-efficient homes
- Reduced Transfer Tax: $0 on first $450,000 for homes under $600k
Market indicators suggest:
- Price forecast: CREB predicts 6-8% appreciation through 2025
- Rent vs Buy: Average mortgage payments now 15% cheaper than equivalent rents
- Construction: Only 2,800 new units expected in 2024 (demand for 5,000+)
Most analysts recommend buying if you plan to hold for 5+ years.
Beyond purchase price, budget for:
| Cost | Typical Range |
|---|---|
| Property Transfer Tax | $200-$5,000 |
| Home Inspection | $400-$700 |
| Legal Fees | $1,000-$2,500 |
| Property Tax Adjustment | 0.5-1.5% of home value |
Michaels Park Housing Market Trends
The Michaels Park housing market trends are influenced by economic conditions, interest rates, demographic shifts, and supply/demand dynamics. Recent years have seen low interest rates fueling demand and creating a seller's market with rising prices and limited inventory. The COVID-19 pandemic also shifted housing preferences toward larger homes and suburban/rural areas. These trends continue to evolve, making it important to monitor economic indicators and local market factors.
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Michaels Park Price Trends
Current Michaels Park housing market data (updated September 17th 10:40am):
- 0 active properties for sale
- Highest priced property: 0.00
- Lowest priced property: 0.00
- Average price: 0.00
Property types include single-family homes, townhomes, and new construction. View detailed Michaels Park real estate statistics.
Michaels Park Community Statistics
All community statistics are verified from direct community experience, whether from residents or professional visits. Our statistics provide valuable insights to help you evaluate if Michaels Park is right for you.
Michaels Park Real Estate Market
Search Michaels Park homes for sale by market segment. View our average sale price charts and current trends for a comprehensive market overview. With extensive property tax data, we offer one of the most effective real estate research tools in Alberta.
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