Homes for Sale in Twin Brooks Edmonton - July 2018

By
Real Estate Agent with RE/MAX Excellence

Twin Brooks Edmonton

The Neighbourhood

Twin Brooks is a neighbourhood in south west Edmonton, bordered on the north by the Blackmud Creek ravine and on the west by the Whitemud Creek ravine.  The Anthon Henday ring road forms the southern boundary.  The two streams join at Twin Brooks Point and flow into the North Saskatchewan River.  There are pathways along the ravines, making Twin Brooks an ideal community for nature lovers.  Twin Brooks District and Nature Park is located in the northwest corner of the community.

Twin Brooks was developed between 1987 and 2007.  It has an estimated population of 6,500 residents.  Most of the 2,000 residences are single-family, town homes and semi-detached bungalows.  The main collector road is Twin Brooks Drive.  Twin Brooks lake and park are located near the center of the community.

 

Schools and Amenities

George P. Nicholson Elementary School, Alberta Health Services public health centre, YMCA childcare and the Twin Brooks Community League Centre are located in the community.

Construction at the Twin Brooks 'First Place' first-time buyer project is in progress.  This is a City of Edmonton program which involves building townhome condominiums at twenty surplus school sites throughout the city.  The intent is to locate families with young children near schools in established communities.

 

Looking For a Home in Twin Brooks?

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

 

Market Update for Twin Brooks

The Twin Brooks real estate market saw fewer sales in June compared to this period last year and months of supply has increased well into a buyer's market, as seen in many neighbourhoods.  Average price per sq. ft. is similar to this period last year.  There were fewer condominium sales, resulting in a higher median price.  

Here is a summary of the current real estate market statistics in Twin Brooks. 

 

Stats for June 2018                2017
Sales 9 12
New Listings 23 13
Inventory 45 31
Average days on market                             47

41

Sold-to-List Price Ratio 98.1% 97.3%
Median Price $483,500 $413,500
Average Price $540,633 $482,866
Average Sold Price/SF $277 $282
Months of Supply   5.0 2.6

 

Market Update for Edmonton

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

 

Do You Have a Question About Twin Brooks?

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

I would also be pleased to provide a complimentary comparative market analysis of your home in the current market.

 


Posted By

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

 

 

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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Peter,  Great information for buyers and sellers and for us here in the rain.  Make it a great day!

 

Jul 07, 2018 10:58 AM #1
Rainmaker
64,323
Peter Fuchshuber
RE/MAX Excellence - Edmonton, AB
Residential and Commercial services

Thank you Will Hamm , I enjoy reading market updates from colleagues on AR as well, especially places I've visited!

Jul 07, 2018 11:26 AM #2
Rainmaker
1,729,652
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Peter, lot of great opportunities for buyers in the area.  Thanks for sharing with us in AR Land.

Jul 07, 2018 01:22 PM #3
Rainmaker
64,323
Peter Fuchshuber
RE/MAX Excellence - Edmonton, AB
Residential and Commercial services

Good morning Ronald DiLalla  and thanks for your note - yes, although the oil market has improved significantly over the last year, home sales are taking longer to pick up steam.  Home prices are still down about 4% since early 2015.

Jul 09, 2018 08:02 AM #4
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Rainmaker
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Peter Fuchshuber

Residential and Commercial services
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