January 4, 2017
The REALTORS Association of Edmonton released its annual housing forecast. The report indicates that single family homes performed well in 2016, with a slight drop in unit sales and average prices. Unit sales are predicted to continue to decline until the middle of 2017, ending the year approximately 1.7% under 2016 numbers. Single family Edmonton homes prices are expected to decrease by 2.2%. Inventory is expected to remain higher then in previous years. Continued strength in the $350,000 to $450,000 single family home prices category is expected.
Chair of REALTORS Association James Mabey said ,, Edmonton had a positive 2016 despite ongoing economic uncertainty. Buyers are continuing to remain cautious, and sellers are having to…
News for Alberta new homes,
*more environment friendly
*will cost more to build
Please, check the link below for more information
New VS Used
It's a question I'm asked on a weekly basis by my clients " should we buy a new home or is it better to buy an older home " & I often find myself on both sides of the spectrum. There are many benefits of buying a new house but there are also benefits to buying an older house as well; it really all depends on what you want out of the home. Is it the location that you desire most or do you want everything in your home to be new and just how you wanted it.
Customizing home to ones needs:
Homebuilders will often let buyers help design the property; it helps create a living space that is tailored to their tastes.
Features of new homes hold up better than those of older homes, which may have years of wear and tear
As of October 28/2013
Current Residential Inventory is 5945 Total Residential Sales this month 1242
Average sold Price is
Average Days on the Market for total Residential is 52/YTD 50
Sales to Listings Ratio 62% YTD 63%.
As of October 21/2013 Residential inventory is 6028, as of today we have 877 sales.