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New property listed in Zone 02, Edmonton

I have listed a new property at 9520 150 AVE NW in Edmonton. See details here

3 Bed Home in the family orientated neighbourhood of Evansdale with a large lot & double oversized garage. Updated windows, furnace & hot water tank. This home has great value & a spacious layout with the great room facing South. A plant lovers dream! The dining area opens onto the kitchen with a ton of cabinets & countertop space. Upstairs are 3 bedrooms & the main bath. The basement has a large family room (potential 4th bedroom) and tons of storage. The garage also has a full driveway behind it, with plenty of space for parking. Located on a quiet street with easy access to transit, schools & amenities. Flexible possession.

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 Edmonton Real Estate Market Report: Week Ending April 17, 2024

As spring ushers in warmer temperatures and blossoming landscapes, the real estate market in Edmonton is also experiencing its own kind of bloom. Let's dive into the latest statistics from the week ending April 17, 2024, provided by the Realtors Association of Alberta.

Key Metrics:

  1. Unit Sales:

    • The week saw a total of 753 unit sales, marking a significant increase of 13% from the previous week. This surge in sales activity suggests growing confidence among buyers in the Edmonton market.
  2. New Listings:

    • Despite the uptick in sales, there were 940 new listings, showing a slight decrease of 8% compared to the prior week. This dip in new listings could contribute to the tightening of inventory, potentially placing upward pressure on prices.
  3. Average Price:

    • The average price of homes in Edmonton rose to $449,000, reflecting a notable increase of 6% from the previous week. This rise in average price indicates robust demand and a competitive market environment.
  4. Median Price:

    • The median price also experienced a modest uptick, reaching $429,000, which represents a 2% increase from the previous week. This suggests that the increase in prices is not solely driven by luxury properties but is spread across the market.

Market Insights:

The Edmonton real estate market continues to exhibit resilience and strength, with both buyers and sellers actively participating in the market. The increase in unit sales coupled with a decrease in new listings suggests a competitive market landscape, with properties moving quickly and potentially receiving multiple offers.

Buyers are facing heightened competition, which may lead to bidding wars and quick decision-making. On the other hand, sellers are benefiting from rising prices and strong demand, giving them leverage in negotiations.

Factors such as low mortgage rates, a healthy economy, and renewed consumer confidence are likely contributing to the positive momentum in the market. Additionally, the allure of Edmonton's diverse neighborhoods, amenities, and lifestyle offerings continues to attract buyers from various demographics.

Conclusion:

As we navigate through the spring season, the Edmonton real estate market remains dynamic and resilient. The latest statistics indicate a buoyant market characterized by increasing sales, rising prices, and a tightening inventory.

Whether you're a buyer, seller, or investor, staying informed about market trends and seeking professional guidance is crucial in making sound real estate decisions. With the guidance of a knowledgeable real estate agent, navigating the complexities of the current market can be a rewarding experience.

Disclaimer: The statistics presented in this report are sourced from the Realtors Association of Alberta.

In conclusion, the real estate market in Edmonton is showing signs of strength and resilience, providing both opportunities and challenges for buyers and sellers alike. Stay informed, stay proactive, and make informed decisions with the assistance of a trusted real estate professional.

 
 
 
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New property listed in Zone 03, Edmonton

I have listed a new property at 15507 47 ST NW in Edmonton. See details here

This 3 bed 2 ½ bath home is ready to impress! Updated throughout, you’ll find modern vinyl floors, updated paint, trims & light fixtures. Located in the family orientated neighbourhood of Brintnell, steps from walking trails, easy access to amenities & the Henday. The main floor is open concept with a spacious foyer, large kitchen, dining room & main floor laundry. The great room has large windows that overlook the backyard with direct access to the rear maintenance free deck & large fully fenced & landscaped back yard. Your family will love to enjoy this outside space for BBQs and relaxing. Upstairs you’ll find a large vaulted bonus room with tons of natural light & the vinyl flooring that flows throughout. The primary suite has a spacious walk in closet & full ensuite with separate soaker tub & shower. The other two bedrooms are spacious to fit queen beds. The basement is waiting for your finishing touch with plenty of development options. Flexible possession.

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New property listed in St. Albert, St. Albert

I have listed a new property at 2 OASIS CRT in St. Albert. See details here

Welcome to Oakmont! Get ready to say WOW! South west facing WALKOUT yard BACKING A WALKING TRAIL TO THE PARK, 3+2 bedrooms, massive vaulted bonus room & an oversized 23’6x23’ double attached garage. Prime CUL-DE-SAC location. This home features a gorgeous open concept main floor with a large great room & kitchen plus a spacious dining area. The maple cabinets feature built in appliances, gas stove + a large island w/ eating bar & pantry. Opening onto the large patio, you’ll enjoy utilizing this large space for outdoor dining & entertaining. Upstairs you’ll find the large vaulted bonus room, the perfect place for family movie nights. The primary suite is spacious with a full ensuite including a soaker tub. The other two bedrooms are oversized & bright. The basement features in-floor heating, a spacious family room, 2 more bedrooms, a full bath & storage. The backyard is fully landscaped & features a custom shed. Roof, furnace, HWT & AC recently updated. Simply gorgeous!

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Weekly Real Estate Update: Edmonton, Week Ending April 10, 2024

As the real estate market in Edmonton continues to evolve, staying informed about the latest trends and statistics becomes increasingly crucial for buyers, sellers, and industry professionals alike. Let's delve into the key numbers from the week ending April 10, 2024, provided by the Realtors Association of Alberta.

1. Unit Sales:

During this week, there were 668 unit sales in Edmonton, marking a notable increase of 20% compared to the previous week. This surge in activity indicates a potential uptick in buyer confidence and market momentum.

2. New Listings:

Edmonton witnessed a substantial influx of new listings, with a total of 1021 properties hitting the market. This represents a significant rise of 39% from the preceding week, suggesting a renewed interest among sellers in capitalizing on current market conditions.

3. Average Price:

The average price of properties in Edmonton saw a modest uptick, reaching $423,000 for the week ending April 10, 2024. This reflects a 2% increase from the previous week, indicating a steady appreciation in property values within the region.

4. Median Price:

Similarly, the median price experienced a noteworthy increase, climbing to $420,000, which is 4% higher than the median price recorded in the prior week. This upward trend in median price further underscores the resilience and attractiveness of the Edmonton real estate market.

Implications and Insights:

The surge in unit sales and new listings, coupled with the incremental growth in both average and median prices, paints a dynamic picture of Edmonton's real estate landscape. Buyers may find themselves navigating a market with increased options but also heightened competition, while sellers may benefit from the favorable conditions driving property values upward.

As we move forward, it's essential for all stakeholders to stay attuned to these evolving trends and leverage them to make informed decisions in their respective real estate endeavors.

*Please note that the statistics mentioned above are sourced from the Realtors Association of Alberta.*

Whether you're a prospective buyer, seller, or industry professional, understanding the nuances of the local real estate market can be invaluable in achieving your goals. Stay informed, stay proactive, and navigate the Edmonton real estate landscape with confidence.

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Open House. Open House on Saturday, April 6, 2024 1:00PM - 3:00PM

Please visit our Open House at 3704 KIDD CRES in Edmonton. See details here

Open House on Saturday, April 6, 2024 1:00PM - 3:00PM

FULLY FINISHED & UPGRADED IN KESWICK w/ over 3,450sqft of living space! This is the PERFECT FAMILY HOME, has a large PIE LOT & only 1 neighbour. The 2 storey foyer greets you with a STUNNING open riser staircase w/ wrought iron railing & both a main floor den & flex space. Gleaming hardwood flows into the large great room w/ 9’ ceilings, gas fireplace + plenty of natural light. The GOURMET CHEF’S kitchen has espresso maple cabinets, a gas stove, undercabinet lighting & a SPACIOUS dining room. Upstairs, the primary suite has plenty of space for a king sized bed, WIC & full ensuite w/ a glass & tiled shower + a LUXURIOUS free standing soaker tub. You’ll also find the LARGE vaulted bonus room, 2 spacious bedrooms, laundry room w/ sink & main bath to complete the 2nd level. The basement is FULLY DEVELOPED w/ 4th bedroom, full bath, den & dual living rooms (easily add a 5th or 6th bedroom). Be sure to take a moment to enjoy the sounds of the fountain from the back stone patio, in the HUGE pie lot. Welcome HOME

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Weekly Real Estate Statistics in Edmonton: March 27, 2024

As the real estate market in Edmonton continues to evolve, it's crucial for both buyers and sellers to stay informed about the latest trends and statistics. This week's data, ending March 27, 2024, offers valuable insights into the dynamics shaping the local real estate landscape.

Unit Sales

The week saw a total of 622 unit sales, marking a 5% increase from the previous week. This uptick in sales activity suggests ongoing interest and movement within the market.

New Listings

Despite the rise in unit sales, there were 825 new listings, reflecting a 10% decrease compared to the previous week. While this decrease may indicate a tightening of inventory, it could also signal a seasonal fluctuation or other market dynamics at play.

Average Price

The average price for properties in Edmonton stood at $410,000, experiencing a 6% decrease from the previous week. This decline in average price may pique the interest of potential buyers seeking more favorable pricing conditions.

Median Price

Similarly, the median price for properties in Edmonton was $395,000, showing a 5% decrease from the previous week. The median price provides a valuable measure, indicating the middle point of all sales, and its decline aligns with the trend observed in the average price.


The increase in unit sales amidst a decrease in new listings suggests a dynamic market where demand may be outpacing supply. Such conditions can potentially lead to increased competition among buyers and may influence pricing dynamics.

The decline in both average and median prices, albeit slight, could be attributed to various factors such as seasonal fluctuations, changes in buyer preferences, or adjustments in the market's supply-demand dynamics. It's essential for stakeholders to monitor these trends closely to make informed decisions regarding buying or selling properties in Edmonton.

As the real estate market in Edmonton continues to evolve, staying informed about weekly statistics and trends is paramount for anyone considering buying or selling property. The data presented for the week ending March 27, 2024, offers valuable insights into the market's dynamics, highlighting trends in unit sales, new listings, and pricing. By leveraging this information, stakeholders can navigate the market with confidence, aided by a deeper understanding of its current state and trajectory.

The statistics mentioned above are sourced from the Realtors Association of Alberta (RAA), a reputable organization providing comprehensive data and insights into the real estate market. The RAA plays a crucial role in aggregating and disseminating information that aids both industry professionals and consumers in understanding market trends and making informed decisions

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New property listed in Zone 08, Edmonton

I have listed a new property at 11011/15/21 109 ST in Edmonton. See details here

REDEVELOPMENT ALERT in Central McDougall! 150'140' Lot Medium Scale Residential RM H16 zoning, right on 109 Street. 3 Lots Side x Side for a total frontage of 150’x140’ HUGE potential for a low rise apartment building, 4plexes or skinnies – 24 units minimum! Great potential for CMHC MLI products in this location. This location is excellent for future redevelopment, close to amenities, public transit, LRT, NAIT, minutes from downtown & on a street where other redevelopment is already happening & more being planned all the time. Take advantage of the City encouraging higher density & development & secure your next project!

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Weekly Real Estate Statistics in Edmonton: Week Ending March 20, 2024

As we delve into the latest statistics from the Edmonton real estate market, it's evident that the dynamics are continuing to evolve. With each passing week, trends emerge, offering valuable insights into the pulse of the local housing sector. For the week ending March 20, 2024, the numbers paint an intriguing picture of activity and growth.

Unit Sales and New Listings

Let's start with unit sales. During this period, there were 593 unit sales in Edmonton. While this figure reflects a healthy level of activity, it's worth noting that it represents a 1% decrease from the previous week. Despite this slight dip, the market remains robust, demonstrating ongoing demand from buyers.

In tandem with unit sales, the number of new listings also experienced a noteworthy shift. With 915 new listings hitting the market, there's been an 8% increase compared to the previous week. This surge in new listings suggests that sellers are feeling more confident about entering the market, potentially widening options for prospective buyers.

Price Trends

One of the most closely watched indicators in real estate is price movement. In Edmonton, the average price for properties saw a significant uptick, reaching $437,000. This marks a notable 7% increase from the preceding week, indicating strong upward momentum in terms of property values.

Furthermore, the median price also experienced a notable rise. At $415,000, the median price reflects a 5% increase from the previous week. This suggests that across various segments of the market, there's a consistent trend of appreciation, which may be influenced by factors such as demand-supply dynamics and overall market sentiment.

Insights and Implications

These statistics offer valuable insights for both buyers and sellers in the Edmonton real estate market. For buyers, the slight decrease in unit sales could signal a potential easing of competition, providing opportunities to explore properties with less pressure. Conversely, sellers may find encouragement in the uptick of new listings and the upward trajectory of prices, indicating favorable conditions for listing their properties.

As with any market analysis, it's essential to consider broader economic factors, local trends, and individual circumstances when making real estate decisions. Whether you're buying, selling, or simply monitoring the market, staying informed about the latest statistics can guide you in navigating the complexities of the real estate landscape.


These statistics have been compiled from data provided by the Realtors Association of Alberta, offering a reliable snapshot of the Edmonton real estate market for the week ending March 20, 2024.

In conclusion, while the real estate landscape continues to evolve, these latest statistics underscore the resilience and dynamism of the Edmonton market. With shifting trends and opportunities emerging, both buyers and sellers have much to consider as they navigate the path ahead.

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New property listed in Rural Lac Ste. Anne County, Rural Lac Ste. Anne County

I have listed a new property at 323 3 ST in Rural Lac Ste. Anne County. See details here

Welcome to Ross Haven! This location is the perfect retreat from the City & only a 40min drive to Edmonton. A 50 second walk to the water, your family will love spending time in the Village, on the pier or lake. With no time requirement to build, you can easily park an RV on the lot until you’re ready. A great investment today & for the future! Power & gas at property line.

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Navigating Your Mortgage Journey: The Essential Credit Do's and Don'ts

Are you considering getting a mortgage? Whether you're a first-time homebuyer or looking to refinance, navigating the world of mortgages can be overwhelming. But fear not, we're here to guide you through some crucial do's and don'ts that can make all the difference in securing the right mortgage for your needs.

Do: Make Timely Payments

One of the most significant factors affecting your credit score is your payment history. Lenders want to see that you're responsible with your finances and can make timely payments on your debts. Even if you can't pay the full amount, always strive to make at least the minimum payment on time.

Don't: Make Late Payments or Miss Payments

Conversely, missing payments or making late payments can have a detrimental impact on your credit score. It signals to lenders that you may be unreliable or struggling financially, making you a riskier borrower. Make it a priority to always meet your payment deadlines.

Do: Keep Your Credit Usage Below the Limit

Credit utilization, or the amount of credit you're using compared to your total available credit, is another crucial factor in determining your credit score. Aim to keep your credit usage below your credit limit to demonstrate responsible credit management.

Don't: Exceed Your Credit Limit

Exceeding your credit limit not only incurs over-limit fees but also negatively affects your credit score. It suggests that you may be relying too heavily on credit and could potentially be overextended financially.

Do: Maintain Open Credit Accounts

The length of your credit history matters to lenders. Keeping your credit accounts open for a longer duration demonstrates stability and responsibility. Even if you're not actively using a credit card, consider keeping it open to maintain your credit history.

Don't: Close Credit Accounts Hastily

Closing credit accounts can shorten your credit history and reduce the overall amount of credit available to you, both of which can lower your credit score. Unless absolutely necessary, avoid closing credit accounts impulsively.

Do: Limit the Number of Credit Checks

Each time your credit is checked by a lender or creditor, it generates a hard inquiry on your credit report, which can temporarily lower your credit score. Be selective about when and how often you authorize credit checks to minimize their impact on your credit.

Don't: Undergo Numerous Credit Checks

Applying for multiple credit accounts within a short period can raise red flags for lenders, indicating that you may be in financial distress or seeking to take on more debt than you can handle. Be strategic and deliberate about when you apply for new credit.

Do: Aim for a Mix of Different Credit Types

Having a diverse mix of credit types, such as credit cards, installment loans, and mortgages, can positively influence your credit score. It demonstrates your ability to manage various types of credit responsibly.

Don't: Stick to Only One Type of Credit

Relying solely on one type of credit may limit the breadth of your credit history and could potentially hinder your credit score growth. Explore opportunities to diversify your credit portfolio while maintaining responsible credit management.

Do: Regularly Review Your Credit Report

Monitoring your credit report regularly allows you to catch any errors or discrepancies that could negatively impact your credit score. By staying informed about your credit status, you can take proactive steps to maintain or improve your credit health.

Don't: Ignore Your Credit Report Altogether

Neglecting to review your credit report leaves you vulnerable to inaccuracies or fraudulent activity that could harm your credit standing. Make it a habit to check your credit report at least annually and address any issues promptly.


In conclusion, when it comes to securing a mortgage, following these essential do's and don'ts can help you navigate the process with confidence and set yourself up for success. Remember, responsible financial habits and prudent credit management are key to achieving your homeownership goals. If you have any questions or need personalized guidance, don't hesitate to reach out to a trusted mortgage broker who can provide expert advice tailored to your specific situation. Happy house hunting!

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Weekly Real Estate Snapshot: Edmonton, Week Ending March 13, 2024

As we delve into the real estate dynamics of Edmonton for the week ending March 13, 2024, it's evident that the market continues to exhibit notable fluctuations. Here's a breakdown of the key statistics:


Unit Sales


There were 599 unit sales recorded in Edmonton for the specified week, reflecting a 6% increase compared to the previous week. This uptick in sales activity suggests a growing interest in the market among buyers, potentially fueled by various factors such as favorable mortgage rates or shifting preferences in housing.

New Listings


In terms of new listings, Edmonton saw 844 properties come onto the market, marking a modest 2% increase from the preceding week. This influx of new listings indicates ongoing activity in the real estate sector, with homeowners continuing to put their properties up for sale.

Average Price


The average price of properties in Edmonton for the week stood at $408,000. While this figure represents a substantial sum, it's worth noting a 7% decrease from the previous week's average. This decline in average price could be attributed to various factors, including shifts in market demand, fluctuations in inventory levels, or changes in the types of properties being sold.

Median Price


Similarly, the median price of properties in Edmonton experienced a downturn, settling at $394,000 for the week. This figure reflects a 5% decrease from the median price recorded in the prior week. While fluctuations in median price are not uncommon in real estate markets, they can offer valuable insights into the overall affordability and accessibility of housing options within a given area.


Analysis


The observed increase in unit sales and new listings coupled with declines in both average and median prices present an intriguing snapshot of Edmonton's real estate landscape. While the uptick in sales and listings suggests a healthy level of activity within the market, the decrease in prices may indicate a potential shift in buyer sentiment or adjustments in pricing strategies by sellers.

It's essential to recognize that real estate markets are influenced by a myriad of factors, including economic conditions, consumer confidence, and regulatory changes. As such, interpreting weekly statistics should be done with a degree of caution, considering the broader context in which these fluctuations occur.


Conclusion


In conclusion, the weekly real estate statistics for Edmonton ending March 13, 2024, offer valuable insights into the current state of the market. While fluctuations in unit sales, new listings, and prices are to be expected, they provide stakeholders with valuable data for making informed decisions.

*Please note that the statistics mentioned above are sourced from the Realtors Association of Alberta.*

For individuals actively engaged in the real estate market, staying informed about such trends is crucial for navigating transactions effectively and seizing opportunities as they arise.

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Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.