The cooling condo market and what it means for buyers and sellers… It’s true that overall the condo market has slowed, with just 485 units selling January and February in the Edmonton CMA (Census Metropolitan Area) this year, versus 568 for the same period last year. That’s a 14.6% decrease! Year-to-date median price for condos […]
Home buyers are curious by nature – and that’s a good thing! Asking questions will keep you informed about the process and prevent any surprises. For today, let’s look at the top three questions Edmonton home buyers ask. How Can I Make Sure I’m Not Overpaying? If you’re selling a property, you want to make sure […]
Where’s the BEST place to search online for your dream home? We’re so fortunate in Canada to have an incredible source for listings across the country. You might not be aware, but in the US there are thousands of MLS systems, with no consolidated real estate resource for American consumers. Real estate boards across Canada […]
What is a condo, really? Are you sure you know what you’re looking at? Which one of these do you think is a condo? I suspect you answered the first one. And you’re probably right. However, it could also be a co-op or a rental building. What about the second […]
Glenora is one of Edmonton’s most historic residential areas. In 1869, Malcolm Groat claimed a 900-acre parcel immediately west of the Hudson’s Bay Reserve. This land extended from today’s 121st Street west to 142nd Street, and south from 111th Avenue to the North Saskatchewan River. Glenora features many of the more beautiful historic homes in […]
2018: A year of stable average and median prices, decreasing sales, and rising inventory. Despite all the recession talk in Alberta, the average and median price for all residential property types in the greater Edmonton area decreased just 1.28% when comparing the results for the full year of 2018 vs 2017. The average residential selling […]
You might think that “waiting for spring” is always the smart thing to do. Sure, there are more buyers out at that time, but there are also more homes for sale! And the buyers who are looking in December are pretty darn serious! Otherwise they’d be out Christmas shopping or sipping eggnog at home! Here […]
Edmonton has so many markets. You can divide it by neighbourhood, property type (single family, condo etc) or price range. The results below show the number of single family homes sold by price range in the past 3 years from January to October. There were just 127 fewer homes sold in the $500,000 to $749,999 […]
You might be surprised … Average sold prices are surprisingly similar this year compared to September 2017 and 2016! The graph below shows what people are average prices for the month of September for single family, condo and duplex/rowhouse properties. It tells us what people are spending for these homes. It doesn’t show what they’re getting […]
With high inventory there’s no point in sugar-coating it…your home simply has to look its absolute best to bring buyers in the door. I’m just going to say it…the market is challenging for sellers right now. With high inventory there’s no point in sugar-coating it…your home simply has to look its absolute best to bring buyers in […]