Homes for Sale in Magrath Edmonton - July 2018

By
Real Estate Agent with RE/MAX Excellence

Magrath Edmonton

The Neighbourhood

Magrath Heights is a beautiful neighbourhood located in the south Riverbend area of Edmonton.  It is bordered by Rabbit Hill Road to the west, 23 Avenue on the north, the Whitemud Creek Ravine on the east and Magrath Boulevard to the south.  The neighbourhood was laid out to minimize the flow of through traffic and encourage pedestrian and bicycle use.   

Magrath Heights development begain in 2003 and is nearing completion.  The area was named after local businessman and real estate developer William Magrath, who lived in Edmonton from 1904 to 1920.

The population of Magrath Heights is approximately 2,800 and there are 900 residences.  Most homes are single family with some townhomes and low-rise condominiums.

 

Schools and Amenities

The neighbourhood features two parks and the natural woodland area of the Whitemud Creek Ravine, which forms the eastern boundary of the community.  On the northern boundary, a man-made stream starts at the fountain pictured above and flows into two ponds.   In the Citadel area of the neighbourhood, a natural woodland park is located on a hill.  

Nellie Carlson school is located on the southern boundary of the neighbourhood.  There are also two schools nearby in Terwillegar Towne and another three schools in nearby Leger.  

 

Looking for a Home in Magrath Heights?

Visit my website to search current listings of homes for sale in Magrath Heights or to be notified when Magrath Heights homes come on the market.

 

Market Update for Magrath Heights

There were more condominium sales in Magrath Heights in June compared to this period last year, which is reflected in the monthly price data.  The number of sales decreased and months of supply moved further into a buyer's market.  The sold-to-list price ratio rose slightly compared to June of last year. 

Here is a summary of the current market statistics for Magrath Heights.

 

Stats for June 2018 2017
Sales  4                    9
New Listings  14  13
Inventory  42  34
Average days on market                                42  65
Sold-to-List Price Ratio  97.7%  96.8%
Median Price  $576,250  $766,000
Average Price  $626,750  $800,388
Average Sold Price/SF  $280  $327
Months of Supply  10.5  3.8

 

Market Update for Edmonton

Please see the current Edmonton residential real estate market update posted on my website.

 

Do You Have a Question About Magrath Heights?

Please don't hesitate to email or call if you have any questions.

I would also be pleased to provide a complimentary comparative market analysis of your home to give you an idea of its value in the current market.

 


 

Posted By

Peter Fuchshuber is a residential and commercial REALTOR® helping buyers and sellers with Edmonton real estate.

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Peter Fuchshuber

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