We’re often asked…What price range is the busiest? Every seller hopes that their home falls into the sweet spot of the market, but the truth is that there have been the same proportion of sales in every price range in the last 5 years. While the total number of homes sold may be less (15,714 […]
Where does today’s market fit in the “big picture”? In the midst of a market that’s been a bit more challenging than most sellers would like, it can be helpful to pull back and get some perspective. The Housing Price Index (HPI) indicates the benchmark price over time for a “typical” home in an area. […]
Being a REALTOR® is not what most people think … there’s so much more to it than meets the eye! Here are 3 things you may not know about the life of a REALTOR®: 1. It’s not about selling anything. The truth is, you can’t sell someone something they don’t want or need. Well, maybe […]
Where is the Edmonton real estate market headed? While we can’t say for sure, there are some indicators that give us a good idea of what the future might hold… the near future anyway! There are a lot of outside factors to consider, from our new provincial government and the upcoming federal election to […]
I think we’ll wait to sell in the spring… This is a comment I often hear when meeting with clients in the fall. It’s understandable. Everyone knows that spring is the busiest time of the year for real estate. But, is the busy market always the best market? There are a lot of reasons to […]
By Kathy Schmidt One of the things that’s really fun about being a REALTOR® is solving riddles and puzzles! A frequent one is the puzzle of finding the right house for a family with multiple (and what may seem to be conflicting) needs. Or the puzzle of finding just the right wording to attract the […]
At first glance, it appears prices haven’t changed much since last August… 0.01%… That’s how much the median residential selling price for the Edmonton Census Metropolitan Area (CMA) has changed from August 2018 to August 2019! That’s barely measurable! However, if you made your buying and selling decision on this you’d be missing a […]
UP + DOWN + DOWN = GOOD NEWS! The numbers don’t lie! Here’s how the math works… The number of homes sold* this July is UP. The number of new listings this July is DOWN. And the total number of homes available for sale is DOWN. All of this equals GOOD NEWS! To watch this […]
By Kathy Schmidt When I was a brand new REALTOR©, I was working with a couple who said they wanted a two-storey house with a double, attached garage. I was excited to find them a house. Maybe a bit too excited. I didn’t stop to analyze the “why” behind their request. I didn’t stop to […]
There’s one statistic that REALTORS® know to watch more closely than anything else… Historical results tell us where the market has been. They’re interesting, and important to know and understand. They give us important hints about where the market might be heading in the future. Inventory, the number of homes for sale, tells us more […]