{"id":779506,"date":"2026-07-04T09:28:02","date_gmt":"2026-07-04T09:28:02","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/779506\/"},"modified":"2026-07-04T09:28:02","modified_gmt":"2026-07-04T09:28:02","slug":"patience-and-price-elasticity-help-in-sale-of-edmonton-area-home","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/779506\/","title":{"rendered":"Patience and price elasticity help in sale of Edmonton area home"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

This 10-year-old house in Sherwood Park, Alta., has roughly 4,700 square feet of living space.Photography provided by eXp Realty<\/p>\n

315 \u2013 52327 Range Rd. 233, Sherwood Park, Alta. <\/p>\n

Asking price: $1,899,900 (March, 2026)<\/p>\n

Previous asking price: $2-million (January, 2026) <\/p>\n

Selling price: $1,875,000 (May, 2026)<\/p>\n

Taxes: $11,343 (2025) <\/p>\n

Property days on market: 131 <\/p>\n

Listing agent: David St. Jean, eXp Realty <\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The home has two kitchens: this one in full view with a large centre island, and a smaller butler\u2019s kitchen tucked discreetly behind.<\/p>\n

The action <\/p>\n

At the start of the year, this five-bedroom house on a 0.34-acre lot was one of the only options for sale at Sherwood Golf and Country Club Estates, an area that has attracted buyers from other parts of Alberta as well as from Ontario and British Columbia. As is typical in the winter months, it had few visitors. To spark some action, the price was lowered from $2-million to $1,899,900. <\/p>\n

\u201cEven though the luxury market is still pretty hot, properties of this size do tend to take a little bit longer to sell,\u201d agent David St. Jean said.<\/p>\n

\u201cIt\u2019s a niche, luxury segment with a small, specific buyer [pool]. The longer days on market reflects waiting for the right match, not a weak demand.\u201d<\/p>\n

The 10-year-old house was purchased for $1,875,000 by an out-of-town buyer around the time more properties were appearing on the market. <\/p>\n

\u201cIt [cost] less than some of the other properties in here, which maybe showed its value a little bit more,\u201d Mr. St. Jean said. <\/p>\n

Open this photo in gallery:<\/a><\/p>\n

All three levels of the home have casual entertaining areas.<\/p>\n

What they got <\/p>\n

This two-storey house has roughly 4,700 square feet of living space, including formal living and dining rooms, nine bathrooms and two kitchens; one in full view with a large centre island, and a smaller butler\u2019s kitchen tucked discreetly behind. <\/p>\n

All three levels, including the basement, have casual entertaining areas. The largest one has 20-foot ceilings and a full-height fireplace. <\/p>\n

The patio, overlooking a landscaped yard, has several access points, including an entrance from one bedroom on the main floor. <\/p>\n

Private balconies are outside three bedrooms upstairs. <\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The patio has several access points, including an entrance from one bedroom on the main floor. There are also private balconies outside three bedrooms upstairs.<\/p>\n

The agent\u2019s take <\/p>\n

\u201cIt\u2019s one of the premier, executive communities [around Edmonton] because it\u2019s so close to Sherwood Park, but you also do get quite a bit of land,\u201d Mr. St. Jean said. <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: This 10-year-old house in Sherwood Park, Alta., has roughly 4,700 square feet of…\n","protected":false},"author":2,"featured_media":779507,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194294],"tags":[901,49,196376,48,196377,143460,23752,196375,1398,968],"class_list":["post-779506","post","type-post","status-publish","format-standard","has-post-thumbnail","category-edmonton","tag-alberta","tag-ca","tag-calgary-home-sales","tag-canada","tag-done-deals","tag-donedeal","tag-edmonton","tag-edmonton-home-sales","tag-nodelphi","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/779506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=779506"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/779506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/779507"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=779506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=779506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=779506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}