High interest rates and their impact on sale prices… The rule of thumb when it comes to real estate is that supply and demand drives prices. At some point when supply gets low enough, even higher interest rates can’t hold prices down. We might be seeing the beginning of this in the Edmonton area market…. […]
“Ramsay Heights is a popular family neighbourhood in the Riverbend area in Southwest Edmonton. The river valley is close by, offering miles of trails for walking and cycling, and Terwillegar Park is just a short drive away! Shopping is convenient with South Edmonton Common and Windermere shopping areas both easily accessible. And frequent travelers will […]
By Kathy Schmidt, Broker/Owner, Schmidt Realty Group Inc. Is now a good time to buy? That’s a question we’re being asked a lot lately! Rising interest rates and low inventory have some buyers waiting on the sidelines. That could be the right decision for you, but it’s important to also consider why buying now could […]
“The southwest neighborhood of Skyrattler is bordered by 23 avenue on the northside, 111 street on the east side, and Blackmud Creek. With close access to Century Park, shopping and ravine access – it’s a popular yet quiet family neighborhood. It’s where my favorite family owned Kunitz shoe store was first opened! Skyrattler was names […]
High interest rates keep prices from rising despite low supply… The number of homes for sale has been steadily decreasing, giving buyers less to choose from and increasing competition in some segments of the market… Download this month’s Schmidt Report for an in-depth look at what’s happening in the Edmonton real estate market! Reach out […]
“Ormsby Place was named in recognition of A. W. Ormsby (1869-1961) who introduced the present grid system of numbering streets and avenues in Edmonton. Ormsby Place is a quaint and welcoming neighborhood that offers a unique blend of natural beauty, community spirit, and modern amenities. Conveniently situated in West Edmonton, Ormsby is easily accessible from major […]
What’s the pace of the Edmonton market?… One of the best ways to look at the pace of any market is to look at how many sales involved multiple offers. The simplest way to estimate this is to look at the number of homes that sold at or above list price… Download this month’s Schmidt […]
“The neighborhood of Westwood is located in North Central Edmonton and serves as a fabulous location for those needing close access to Downtown or NAIT or McEwan post secondary schools. Streets are lined with mature trees in this community and you’ll find a mix of older and newer homes. Westwood hosts an annual summer Westwood […]
By Kathy Schmidt, Broker/Owner, Schmidt Realty Group Inc. When your house hits the market… it’s SHOWTIME! Will you be ready? Getting your home ready for the market – really ready – is a big deal! Unless you’re marketing it as a “fixer upper/handyman special” there’s no point in having your agent spread the word about your property if it […]
By Kathy Schmidt, Broker/Owner, Schmidt Realty Group Inc. Is your family planning a move? Here’s some fun homework to help you figure out your priorities! On any given month, thousands of people are moving to new homes, and this time of year is especially busy as families aim to get settled before the new school […]