SOLD | 14623 89A Ave

In Parkview, Edmonton

The Story Behind the Sale

Strategic Preparation. Powerful Results.

Some sales happen quietly. Not by chance, but by design.

Before this Parkview bungalow ever went live on MLS, it was already generating interest. Through intentional pre-marketing — including professional staging, strategic social media placement, video storytelling, and a custom landing page, we built momentum before the listing launched.

And it worked.

The day before even hitting the market, this property received two strong offers.

The demand for Parkview homes is strong — especially for well-presented, well-positioned properties like this one. Buyers are waiting for listings that feel intentional — not rushed. And that’s where the right strategy makes all the difference.

When you work with me, you’re not just listing a property. You’re launching a campaign built to attract the right buyers, faster, and for stronger results.

What Made This Parkview Sale Different

  • Professional staging and styling to highlight light, flow, and livability.

  • Pre-listing campaign across Instagram, YouTube, and local buyer networks.

  • Custom landing page and storytelling video crafted to connect emotionally with buyers.

  • Local buzz and word-of-mouth before the first showing request.

  • Sold before launch, with multiple strong offers.

Thinking About Selling in Parkview?

If you’ve been considering selling, the best time to start the conversation is before you’re ready. Because how you prepare — and how your story is told — defines the outcome.

Let’s talk strategy. No pressure, no gimmicks — just a conversation about what’s possible.


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Edmonton Real Estate Market Update: Summer 2024

As we move into the summer months of 2024, the Edmonton real estate market continues to present both opportunities and challenges for buyers and sellers. This comprehensive update covers the latest trends, average house prices, and key insights to help you navigate the current landscape effectively.

Housing Market Overview

In June 2024, the Greater Edmonton Area (GEA) real estate market experienced notable activity:

  • Residential Unit Sales: 2,847, an 11.4% decrease from May 2024 but a 10.0% increase from June 2023.

  • New Residential Listings: 3,712, a 14.2% drop from May 2024 and 2.6% higher than June 2023.

  • Overall Inventory: Increased by 1.9% from May 2024 but remains 15.9% lower than June 2023.

Edmonton Home Prices: A Detailed Breakdown

Here’s a closer look at the average house prices in Edmonton by property type:

  • Single-Family Detached Homes:

    • Average price: $539,468

    • Year-over-year change: +7.9%

    • Month-over-month change: -1.3%

  • Semi-Detached Properties:

    • Average price: $422,321

    • Year-over-year change: +10.3%

    • Month-over-month change: +2.0%

  • Row/Townhouses:

    • Average price: $290,249

    • Year-over-year change: +12.7%

    • Month-over-month change: -1.5%

  • Apartment Condominiums:

    • Average price: $211,583

    • Year-over-year change: +8.5%

    • Month-over-month change: +2.3%

The data shows a consistent price increase across all property types, with semi-detached and condo markets attracting investor interest.

MLS® Home Price Index (HPI)

The MLS® Home Price Index (HPI) composite benchmark price in the GEA reached $408,200, reflecting a 2.1% increase from May 2024 and a 7.0% rise from June 2023.

Days on Market (DOM)

Understanding how long properties typically stay on the market can help you make informed decisions:

  • Detached Single-family homes: 29 days (4 days less than May 2024)

  • Semi-detached homes: 28 days (1 day less than May 2024)

  • Row/townhouses: 25 days (2 days less than May 2024)

  • Apartment condominiums: 42 days (unchanged)

Overall, residential listings averaged 30 days on the market, a 3-day decrease from May 2024 and an 11-day decrease from June 2023.

For Sellers:

  • Price Your Home Competitively: Attract more potential buyers and increase the chance of multiple offers.

  • Understand Selling Costs: Be aware of the costs involved in selling your home in Alberta.

  • Professional Staging and Photography: Enhance your listing to stand out in a competitive market.

Conclusion

June 2024 demonstrates the resilience of the Edmonton real estate market, with steady price growth across all property types. Despite a decline in new listings, the year-over-year increase in sales indicates ongoing demand. Buyers should prepare for potential competition, especially in popular neighborhoods or for in-demand properties like townhomes.

For more detailed and customized insights, feel free to reach out to Caitlin Heine of Iconic YEG. As the owner of Iconic YEG Real Estate Team and a 2023 RE/MAX Titan Club Recipient, Caitlin brings unparalleled expertise and dedication to every client, ensuring your real estate journey in Edmonton is smooth and successful.

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Bank of Canada Lowers Key Interest Rate: A Positive Shift for Canadian Homeowners

The Bank of Canada has recently reduced its key interest rate to 4.75%, marking the first rate cut since March 2020. This significant move reflects the bank's growing confidence in the economy's recovery and its commitment to achieving the inflation target of 2%.

The Road to Recovery

Bank governor Tiff Macklem emphasized that the monetary policy's restrictive stance is no longer necessary. "We've come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the two per cent target has increased over recent months," Macklem stated. The inflation rate, which has edged closer to the desired 2% mark, stood at 2.7% in April. Additionally, weaker-than-expected GDP growth of 1.7% in the first quarter of the year has reinforced the decision to cut rates.

Implications for Homeowners and the Real Estate Market

Following the rate cut, major banks including RBC, Scotiabank, BMO, TD Bank, and CIBC have lowered their prime lending rates to 6.95% from 7.20%. This reduction is particularly beneficial for homeowners with variable rate mortgages, who have faced significant increases in their monthly payments due to previous rate hikes.

Future Outlook

Economists anticipate further rate cuts if inflation continues to ease and economic conditions remain stable. CIBC economist Andrew Grantham predicts an additional 25 basis point cut at the next meeting on July 24, with two more cuts likely before the end of the year. However, Macklem cautions that the Bank of Canada will proceed cautiously to avoid jeopardizing the progress made in controlling inflation.

A Gradual Approach

Desjardins' managing director and head of macro strategy, Royce Mendes, notes that the Bank of Canada is the first among G7 central banks to initiate rate cuts. He highlights the importance of a measured approach to avoid triggering a recession. "They want to get rates down, but they'll do it in a gradual way," Mendes said. "What we're trying to do right now is fend one off."

The Broader Economic Impact

While a single rate cut won't revive the economy overnight, it signals the start of a gradual and orderly rate-cutting cycle that could lead to a stronger recovery by 2025. Tu Nguyen, an economist with RSM Canada, believes this move will instill confidence in consumers and businesses, marking the beginning of a sustained economic recovery.

What This Means for You

For homeowners and prospective buyers in Edmonton, the rate cut presents an opportunity to reassess their financial plans and potentially benefit from lower borrowing costs. As the market adapts to these changes, it's an ideal time to explore your options with the help of experienced real estate professionals.

At ICONIC YEG Real Estate, we are dedicated to helping you navigate these shifts in the market. Whether you're looking to buy, sell, or invest, our team is here to provide expert guidance tailored to your unique needs.

For more information and personalized advice, visit our website at www.iconicyeg.com or contact us directly. Let us help you make informed decisions in this dynamic market.

Authored by Caitlin Heine, Owner of Iconic YEG Real Estate Team, and 2023 RE/MAX Titan Club Recipient.

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Parkview is one of Edmonton’s most established west-side communities, known for its tree-lined streets, family-friendly feel, and unbeatable access to the River Valley. Residents are drawn to its top-rated schools, active community league, and proximity to both downtown and Whitemud Drive, making commutes simple while preserving a sense of quiet at home. The River Valley trails are steps away, offering endless opportunities for walking, cycling, and connecting with nature. With its wide lots, mature trees, and strong community spirit, Parkview has remained one of Edmonton’s most desirable neighborhoods for generations.

Data last updated on August 30, 2026 at 11:30 PM (UTC).
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed 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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.