Tagged : buyers RSS Feed

Despite of Rate Worries, Low Inventory Causes Increase in Average Sale Prices
 
Everyone is talking about it:

1) interest rates are up[when will they go down]
2) total sales are down- came to 1812 decreasing from September 2023 by 12%, but showing an increase of 21% over October 2022
3) Total residential average prices came on at $396,550, a 0.6% increase from September 2023, and a 0.7% decrease from October 2022 

But, don't believe everything you hear. The sky isn't falling [ Homes are still selling, I was in multiple offer situation with 8 competing offers]. here is what is actually happening in the Edmonton real estate market.

Sellers who [ price right / stage right / are flexible with viewings ] are still selling.

Buyers have time to [ do inspections,…

A Perfect mortgage HELPER! A secondary, separate suite will lower a mortgage payment.

A PERFECT MORTGAGE HELPER! EXQUISITELY FINISHED, NEW 2-STORY HOME WITH SECONDARY BASEMENT SUITE, and Complete landscaping . The craftsmanship & quality are the features of this home. A main floor have an open floor plan with a living room, kitchen with a dining area, large triple-glazed windows, 9ft ceiling, a LUXURY VINYL PLANK flooring, quartz countertops throughout, soft closing cabinets & drawers, S/S appliances, plus a barn door. The wide staircase with the metal spindles leads to the upper floor, with a laundry, a main bathroom, a primary bedroom with vaulted ceiling & 4pce ensuite, walk-in closet plus 2 other bedrooms. The basement offers a self-contained 1…