Real Estate Blog - Edmonton Real Estate Market

Current Residential Inventory as of April5/2016

As of April5/2016 we have 9197 properties for sale according to Realtors Association of Edmonton,

News were released,

Spring sales begin to pick up as prices hold study, 1364 properties were sold in Edmonton Census Metropolitan Area in March, up nearly 63% from 837 homes sold last month, but down 6.13% from the 1453 relative to March2015. There were 863 single family detached homes sold in the Edmonton CMA, a 67% increase month-over-month, and down only 1.5% from the same time last year. March saw the sale of 335 condos and 144 duplex/rowhouses, up 44% and 82% from February, respectively as of Realtors Association of Edmonton.

Inventory is growing, with more then 3000 properties coming onto the market last month, The average all residential…

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Buying a home in the Winter Season

With winter finally here I always here sellers say,  “I’m going to wait until spring to sell.”  Spring is the busy time of year in real estate.  That being said, spring is not necessarily the best time to sell a house.  These are some reasons why winter might  be the right time to sell your home.

1. Serious Buyers - It gets dark out by 4 o’clock in the afternoon and the temperature is often well below freezing ( It's Alberta after all), the buyers that are out looking at homes this time of year are serious buyers and are looking to purchase. Every buyer through the door is potentially THE buyer for your home.

3. Competition - This is a fact : there is not as much home sale competition in the winter.  Less competition means you have greater access to…

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Walkout Bi level E3421503 ( 1121 Klarvatten Co )

Wow property! Beautiful, elegant home with gorgeous view on the Lake. Total of 3 bedrooms,3 full bathrooms, it is loaded with lots of extras such as air conditioning, over sized heated garage, high end appliances, in-floor heating, custom built gas fireplace, vaulted ceilings. Master bedroom has walk-in closet, 5 piece ensuite complete with Jacuzzi tub and full steam shower. Downstairs offers bedroom, full bathroom, amazing entertainment/games room, an access to the covered stone patio. This executive property is beautifully landscaped with custom stone fountain and fire pit, exposed aggregate driveway, large balcony overlooking the lake. Beautiful home with a beautiful view of the lake, it will make you feel like you are on vacation. Please, call for…

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ABC's E-L**

Good Afternoon Readers,

Hope everyone is enjoying the beautiful weather! As promised today I will be going through letters E-L

Equity: Homeowners financial interest in a property. It's the difference between the fair market value of the property and amount that is still owed on mortgage.

Estate: Ownership interest of an individual in real property. The sum total of all real property and personal property owed by the individual at time of death.

Exclusive listing : A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.

Fair Market Value: The highest price tat the buyer is willing but not yet convinced to buy and the lowest price the seller is willing to accept.

…

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Moving Tips

We all know with moving comes stress- we can't deny that. Packing, wrapping, last minute everything, forgetfulness- it's all part of the process. Why can't we skip the in between and just unwind in our new home? It's not that easy... but I've come up with a few helpful tips and tricks to make moving day less stressful.    1 Have a suitcase packed with clothes and important items you will need on the first day in your new home. ( You don't want to be looking for your toothbrush or towel on the first night in your new home)   2.  Make a list from order of importance- don't sweat the small stuff   3. Use your luggage and laundry bins as storage instead of boxes; not only will this save you space it will also reduce your carbon…

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Edmonton's population rises to 877, 926

Did you that our city's population has increased by over 60,000  in just two years and we are now at a total of 877,926- that is a remarkable increase of over 7 % and it only means good news all around. Mayor Don Iveson has stated that " Edmonton's population growth indicates that we are a city of opportunity." which means we will be experiencing not only population growth but more importantly economic growth as well. Our census reports show that Edmonton is one of the youngest cities in North America, with an average age about 35, which means we will have young people eager to work and keep our economy booming for years to come. Edmonton's population is growing all across the city, but the fastest growing neighbourhoods are in the south: Summerside, The…

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10 Top Neighbourhoods in Edmonton

Hi Readers,    Besides my Real estate there is nothing more than I enjoy writing about than my city, the two go hand in hand. I recently read an article in Avenue magazine  about the top neighbourhoods in Edmonton, so I decided to share that with my readers. Although Edmonton is full of amazing areas these are the top 10 the people of our  city came up with: 1. Crestwood 2. Ritchie 3.Highlands 4. Stathearn 5. Garneau 6. Westmount 7. Downtown 8. Glenora 9. Oliver 10.Strathcona  From Scenery, Convenience, History or all of the above these areas are prime hot spots for us Edmontonians. With fall approaching and summer on it's way out there is no better time to look for your dream home. What is your favourite neighbourhood in…

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Tips and Tricks when renovating your home

Hi readers, sorry I've been MIA for the past couple months. I'm back and ready to write about real estate and everything else you need to know about the market. We all want the highest price for our home and we think we deserve that. Here are a few tips and tricks when you decide to renovate your home to increase it's value
1) Transform your kitchen & Open Space -Buyers often want open spaces that over see the main floor. It is much more pricier to renovate a kitchen and open up walls but if you do so I can guarantee that you will see a major up sell of your home. Remember, In todays day and age a family does not want to be cramped up in a kitchen and not see what is going on in the living room. So tear down the walls and give the family what they…

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North Central remains busiest sales region of Edmonton

According to the REALTORS® Association of Edmonton the most active region of Edmonton is North Central north of Yellowhead Trail between 66 Street and 142 Street where there were 167 sales in April;  an increase of 0.6% over March and 23.7% over last year. Fully 20% of all SFD sales were in North Central in April. Areas in the Southeast, Southwest, and South of the Anthony Henday each had sales of about 140 SFD properties in April. The only region of the city to see a decrease in the number of sales year-over-year was the Southeast (Millwoods).  

As of May 21/2014 Current Residential Inventory is 6731 with total of 1212 total Residential sales this month.

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6 Neighbourhoods That Will Continue To Outshine The New

Edmonton has a lot to look forward to. The next couple of years will usher in the completion of the Metro Line portion of the Light Rail Transit (LRT) system from downtown to NAIT, and construction will commence on the Valley Line from Millwoods to West Edmonton Mall. Scaffolding will go up in the city centre for the new provincial museum and a modern sports arena and traffic pylons will disappear from the Anthony Henday ring road as it finally closes its circle. With the recent shutdown of the City Centre Airport Eliminating the height restrictions that were imposed on Edmonton's skyline, a frenzy of new skyscrapers are being proposed, each designed taller than the last. Similarly, the residential sector has managed to keep up with this development,…

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