Hot Market Index:
52.7 °G (2012)
Desirability:
97.2/100 (2012)
Lansdowne At A Glance
Homes in Lansdowne
• Average Asking Price (2012): $522,000
• Asking Price Range (2012): $384,000 to $720,000
• Average Home Size (Approx): 1700ft²
• Size Range (Approx): 1310ft² to 2380ft²
Lansdowne Real Estate Market
• Hot Market Index (2012): 52.7 °G
• Absorption (2012): 60.0%
• Buyer Willingness (2012): 94.0%
• Desirability Score (2012): 97.2/100 (Extremely Desirable)
• Dilapidation Score (2006)*: 9.4% (Very Good)
Lansdowne & the Average Edmonton Hot Market Index (2012)
Amenities
• Accessibility Score: 265 homes per point of access (Poor).
• Parking: Excellent.
• Transit: 6 bus stops.
• Parks: 1 park within neighbourhood boundaries with direct access to the river valley trails for biking and walking.
Location & Description
Lansdowne is located north of the Whitemud Freeway and south of the University of Alberta Farm and west of 122nd Street and continues up to the river valley. The average home price is well over the City of Edmonton average, but the range is quite reasonable considering the location. House prices range from almost $400,000 up past $700,000. Home sizes explain part of the value as they range from about 1300ft² to over 2300ft² and averaging at 1700ft² – still quite large for older areas.
What seems most interesting is the desirability of Lansdowne. Almost no one wants to move out of this area. That says a lot about how people feel when it comes to a neighbourhood. If less than 3% of owners put their home on the market in a year, that means the area meets their needs. This is one of the highest desirability scores in the City of Edmonton. Of 530 homes, only 15 went up for sale in 2012. What it suggests is that if you move to Lansdowne, you aren’t likely to ever want to leave.
A bar graph showing when homes were constructed in Lansdowne*
Much like other neighbourhoods in the area, most of Lansdowne was developed in the 1060s, with a little development in the 70s and early 80s, too. A few houses have been built more recently, but not many. It is likely that people are happy with what their homes allow and the land cost is still rather high to be building new homes when older ones will do just fine.
A pie chart showing home types in the Lansdowne neighbourhood*
The majority of Lansdowne is single family homes, but there are some apartments in the area. None of the apartments have been condominiumized thus far. Just over a quarter of the units are low-rise apartments and just under 10% are high-rise units.
A pie chart showing how many homes are rented versus how many owned in Lansdowne*
Lansdowne’s rental rate is actually pretty close to the City average. There aren’t likely many houses that are rented in the area, because the apartments that are in the neighbourhood account for almost the exact number of rental units listed in the 2006 Census. Basically the apartments are all rentals which means almost none of the houses could be.
Condos in Lansdowne
There are no condominiums in Lansdowne.
Schools
Elementary:
Lansdowne School – 12323 51 Ave | 780 434 3160
Junior High:
~ None in this neighbourhood
High Schools:
~ None in this neighbourhood
Other Schools:
~ None in this neighbourhood
Parks & Recreation
• Whitemud Park – 13204 Fox Dr (Directly accessible from the neighbourhood)
• Lansdowne Park – 4915 124 St
Access & Parking
It isn’t good when you have to rely on 2 exits for 530 homes – one for each 265 residences – and all of them depending on one road. Access into and out of Lansdowne is limited to be sure. Proximity to the Whitemud Freeway is certainly good, but getting in and out could be trouble.
Parking however, is amazing. There should be no problem parking in Lansdowne at all.
Transit
There are 6 bus stops in Lansdowne – one for every 88 homes. A pretty good score.
* Source: 2006 Census of Canada, Statistics Canada
by +Alan F Macdonald REALTOR® | Copyright © – gimme-shelter.com
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