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New property listed in Zone 07, Edmonton

I have listed a new property at 107 10108 125 ST in Edmonton. See details here

Fully renovated corner unit & totally unique, shows 10/10! This is Executive Living at it’s Finest w/ commercial windows & stunning brick/quartz accents throughout! Private outdoor patio, steps to 124th & less than a 5min walk to the Promenade. All of this + direct access from your own exterior entrance; great for dog walking or exploring the nearby river valley.The new chef’s kitchen has gleaming quartz countertops w/ a raised eating bar & waterfall, tons of cabinets(dual sided!), tile & glass backsplash, pantry & wine fridge. An entertainer’s delight, the dining room flows into the great room where you'll find soaring 2 storey ceilings w/ new hickory engineered hardwood & a striking brick & quartz fireplace. Upstairs is the primary suite w/ensuite+dual closets, the bonus room w/ wet bar, floating lighted shelves & large wine/beverage fridge & 2nd bedroom/flex room. Tons of storage & built ins. Upgrades: custom maple open riser stairs & metal industrial railings, new A/C,underground stall w/storage cage.

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Title: Edmonton Real Estate Report: December 6, 2023 - Market Trends and Insights

Edmonton's real estate market remains dynamic and promising as we delve into the statistics for the week ending December 6, 2023. The numbers reveal intriguing shifts and notable trends that could impact both buyers and sellers in the region.

Sales Activity

The week saw a total of 390 unit sales, marking a 1% decrease compared to the previous week. While this slight drop might indicate a stabilization in demand, it's important to note the market's overall resilience despite this marginal decline. This figure suggests ongoing interest from prospective buyers despite potential seasonal fluctuations or other external factors.

Listings Surge

The surge in new listings is a significant highlight, with an impressive 573 properties hitting the market, marking a substantial 28% increase from the previous week. This sudden influx of new listings could be attributed to various factors, such as sellers eager to capitalize on the market's upward trajectory, seasonal influences, or a response to increasing buyer demand.

Pricing Trends

One of the most striking aspects of this week's report is the notable surge in average and median prices. The average price for properties in Edmonton surged by 8% from the previous week, reaching $393,000. Similarly, the median price increased by 1%, settling at $358,000.

Analysis and Implications

The simultaneous increase in both average and median prices reflects a robust market where properties are appreciating in value. This upswing in pricing could be attributed to various factors, including limited inventory, sustained demand, and potentially attractive mortgage rates.

The rise in new listings, despite a marginal decrease in sales, may signal increased options for buyers. A higher inventory could potentially alleviate some pressure in the market, providing buyers with more choices and potentially moderating price increases in the coming weeks.

What This Means for Buyers and Sellers

For Buyers:

- Increased inventory offers more choices and potentially less competitive bidding.

- Despite the price surge, it remains a good time to secure a property before further appreciation.

For Sellers:

- The market continues to favor sellers, with prices on an upward trajectory.

- Strategically pricing properties amidst increased competition could yield favorable results.

Looking Ahead

As we move further into December, it will be intriguing to observe whether these trends continue or if there are any notable fluctuations due to seasonal influences. Factors such as interest rate adjustments or economic shifts might also impact the market's trajectory in the coming weeks.

Conclusion

Edmonton's real estate market showcases resilience and vigor, evidenced by a steady demand for properties despite a minor decrease in sales. The surge in listings alongside price appreciation suggests a market that's both competitive and promising for both buyers and sellers.

These statistics offer valuable insights for those navigating Edmonton's real estate landscape, providing a snapshot of current trends and potentially guiding informed decisions for those looking to buy or sell properties in the region.

"The statistics presented in this analysis are sourced from the Real Estate Association of Edmonton, providing valuable insights into the dynamic trends shaping Edmonton's real estate market."

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Exploring Edmonton's Real Estate Market: Week Ending November 29, 2023

The pulse of Edmonton's real estate market continues to beat with its own rhythm, showcasing intriguing shifts and patterns in the week ending November 29, 2023. As we delve into the latest statistics, a blend of promising rises and slight declines shapes the narrative of the city's property landscape.

Sales Surge Amidst a Dynamic Market

In a notable surge, Edmonton witnessed 393 unit sales, marking a remarkable 7% increase from the previous week. This uptick hints at a growing interest in the city's real estate offerings, reflecting potential buyer confidence and a sense of opportunity within the market.

Listings: A Dip in New Offerings

Contrasting the surge in sales, the city saw a slight decline in new listings, with 448 properties entering the market, a decrease of 13% from the previous week. This reduction might indicate a temporary pause in new inventory hitting the market, potentially influencing the overall supply-and-demand dynamics in the coming weeks.

Average and Median Prices: A Momentary Dip

One of the noteworthy aspects of this week's statistics is the slight downturn in both average and median prices. The average price for properties in Edmonton stands at $363,000, marking an 8% decrease from the previous week. Similarly, the median price dipped by 4%, resting at $356,000.

Insights into Market Dynamics

While fluctuations in prices might raise eyebrows, it's essential to view these changes in the context of the broader market dynamics. A drop in prices within a single week can often be influenced by various factors such as the types of properties sold, their locations, or even seasonal variations. It might signal a temporary adjustment rather than a long-term trend.

Potential Implications and Buyer Opportunities

For prospective buyers, this temporary dip in prices could present a window of opportunity to explore the market with a slightly reduced financial threshold. However, it's crucial to act on informed decisions, considering factors beyond immediate price variations, such as property locations, amenities, and long-term investment potential.

Conclusion: A Dynamic Market Worth Watching

As the week concludes, Edmonton's real estate market showcases its dynamic nature, with a surge in sales, a slight decline in new listings, and a temporary dip in prices. While these statistics paint a snapshot of the market's current state, they also remind us of the nuanced and ever-evolving nature of real estate trends.

Whether you're a buyer, seller, or observer of the real estate scene, keeping an eye on these trends and consulting with industry experts can help navigate the market's fluctuations and capitalize on opportunities that arise.

The coming weeks will undoubtedly bring further insights into Edmonton's real estate trajectory, shaping the landscape for those seeking to make their mark in this vibrant market.

Stay tuned for the next update as we continue to unravel the story of Edmonton's real estate journey.

*The statistics presented in this analysis are sourced from the Real Estate Association of Edmonton, providing valuable insights into the dynamic trends shaping Edmonton's real estate market.*

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New property listed in Zone 35, Edmonton

I have listed a new property at 3710 135A AVE in Edmonton. See details here

Cul-de-sac living with a huge PIE LOT! Check this out! This 1,265sqft bungalow boasts a total of 5 bedrooms, fully finished basement, many updates throughout and tons of space for the whole family + a double garage. The main floor has a bright kitchen, spacious dining area & a large family room w/ South facing windows for tons of natural light. There are 3 large bedrooms on the main floor, with the primary having it’s own ensuite & did we mention a jacuzzi tub in the main bath! The basement has a large living room, 2 bedrooms, a bathroom & then tons of storage space along with a workshop area. The yard features both a concrete patio & wooden deck w/ gazebo plus tons of space for the kids to play that’s fully landscaped & fenced. There are many updates done over time including roof, furnace, HWT, flooring & most windows. This home has been well maintained over time & is ready to meet it’s new owners. Immediate possession available.

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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 RA7 right on 109 Street. 3 Lots Side x Side for a total frontage of 150’x140’ HUGE potential for a low rise apartment building, duplexes or skinnies! 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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New property listed in Rural Smoky Lake County, Rural Smoky Lake County

I have listed a new property at 18322 Twp Rd 610 in Rural Smoky Lake County. See details here

80.50 acres to call your own! What an opportunity & less than an hour & 20min to North Edmonton. This property is tucked away on a secluded road, far away from the hustle & bustle of the City but still features easy access with Hwy 28 & 610. It features an area that has been cleared & could be a great development site for a home or to park a trailer. Gas line & cistern on property. There is also a creek that runs along the back, tons of trees (a hunter’s paradise!) & a section with Hay. 2 trailers included with the sale & $900 annual oil company revenue. So much potential or a great place to retreat & relax. Properties like this aren’t listed for sale everyday! Get ready to unwind!

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Open House. Open House on Sunday, October 22, 2023 2:00PM - 4:00PM

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

Open House on Sunday, October 22, 2023 2:00PM - 4:00PM

Welcome to Keswick! This FULLY FINISHED home boasts THE ULTIMATE ENTERTAINERS LAYOUT, a large PIE LOT, only 1 neighbour, South facing bonus room & gorgeous finishings throughout. The 9’ main floor has a stunning open riser staircase & 2 story ceilings at the entry where you’ll see both a sitting room & main floor den. Gleaming hardwood flows through & into the large great room w/ gas fireplace + numerous windows overlooking the backyard. The kitchen has rich espresso cabinets, a gas stove, undercabinet lighting + a dining room & nook. Upstairs you’ll be greeted with the vaulted bonus room, the perfect place to unwind. The primary suite is large & has plenty of space for a king sized bed, walk in closet & full ensuite w/ free standing tub. 2nd Floor also has: 2 spacious bedrooms, laundry room w/ sink & the main bath. The basement is finished w/ another bedroom, full bath, den & dual living rooms. Be sure to take a moment to enjoy the sounds of the fountain from the back stone patio. Welcome HOME!

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New property listed in Zone 12, Edmonton

I have listed a new property at 703 9835 113 ST in Edmonton. See details here

BEST RIVER VALLEY VIEWS IN OLIVER! Welcome to Victoria Park Tower, with direct access to the River Valley trails & STUNNING VIEWS! This 2 bed 1 bath CORNER condo is move in ready & also includes INSUITE LAUNDRY, an underground, heated, SECURE PARKING STALL. The open concept great room & dining area are massive, with windows facing South and a large COVERED PATIO facing South West. Get ready to watch the fireworks, sunsets & sunrises, all from the comfort of your own home. The kitchen is spacious with all appliances included + a pantry & multiple storage closets. The bedrooms are both very large with good sized closets & window coverings. This home also has a spacious main bath & laundry/storage room. HUGE exercise room, courtyard & sky lounge are all amenities to enjoy. Couple blocks from the LRT Government Station. ALL UTILITES (power/water/gas) included in condo fee. The building is well managed.

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New property listed in Zone 56, Edmonton

I have listed a new property at 3704 KIDD CRES in Edmonton. See details here

Welcome to Keswick! This FULLY FINISHED home boasts a large PIE LOT, South facing bonus room & gorgeous finishings throughout. The main floor has a stunning open riser staircase & 2 story ceilings at the entry where you’ll see the sitting/playroom & main floor den. Gleaming hardwood flows through & into the large great room w/ gas fireplace plus numerous windows overlooking the backyard. The kitchen has rich espresso cabinets, gas stove, undercabinet lighting & large pantry. All of this + a dining room & nook. Upstairs you’ll be greeted with the vaulted bonus room, the perfect place to unwind. The primary suite is large with plenty of space for a king sized bed, walk in closet & a spacious full ensuite. The other two bedrooms are spacious, with the 2nd floor being completed with the laundry room & main bath. The basement is finished with another bedroom, full bath, den & dual living rooms. Be sure to take a moment to enjoy the sounds of the fountain from the back stone patio. Welcome HOME!

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New property listed in Zone 58, Edmonton

I have listed a new property at 22509 93 AVE in Edmonton. See details here

Welcome to SECORD! This home checks all the boxes! Great location, 9’ main floor, 3 beds, 2 ½ bathrooms & next to brand new! This home features modern finishes that are neutral to suit any style of décor. The foyer is spacious with plenty of space for a bench & to greet your guests. An open concept main floor has a large great room & dining area with space for storage & a coffee station! Overlooking the South facing backyard, the kitchen has tons of cabinets, a functional island perfect for stools that can be tucked away. All stainless appliances are included & lets not forget the huge pantry! The main floor also has a large back entry & ½ bath. Upstairs the primary suite is bright & sunny with space for a king sized bed, + a large walk in closet & full ensuite w/ dual sinks. The other 2 bedrooms are spacious & the main bath also features a convenient linen closet. The unfinished basement awaits your finishing touch! All of this plus a double car garage. Easy access to Henday, Yellowhead & all amenities!

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New property listed in Zone 18, Edmonton

I have listed a new property at 303 9803 96A ST in Edmonton. See details here

TOP FLOOR CORNER 2 Bed + Den CONDO with ALL UTILTIES INCLUDED Welcome home to Cloverdale the most scenic location to relax, entertain & enjoy! What an amazing location, steps from the River Valley, Muttart & LRT + minutes to downtown & Whyte Ave. This warm & inviting home has only 1 neighbour & makes you feel at home as soon as you walk in. The kitchen has a raised eating bar (stools included), stainless appliances & a large walk in pantry. Opening onto the dining room & great room, you can cook while watching the game & chat with friends while looking at the the picturesque trees out the many windows that face South, East & North. The primary suite features vaulted ceilings, a spacious walk in closet & full ensuite w/ jacuzzi. The 2nd bed & den are both spacious. Love to walk your dog? This pet friendly complex is a great fit w/ easy access to the River Valley. Underground parking & storage unit. Complex features gym, workshop & social room. Condo fee includes heat, water & power. Flexible possession

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New property listed in Zone 07, Edmonton

I have listed a new property at 105 10523 123 ST in Edmonton. See details here

Welcome to WESTMOUNT! This condo is your key to home ownership & now is a great time to stop renting! 2 Bedrooms 2 Bathrooms & a double tandem, secure underground stall + AIR CONDITIONING. This condo features gleaming hardwood, modern cabinets, stainless appliances & a very functional open concept floorplan. The living & dining spaces are large with fresh paint throughout. The primary suite is spacious with luxurious carpet flowing into the large dual sided walkthrough closet. The ensuite has extra countertop space & a soaker tub/shower. The 2nd bedroom is spacious & so is the main bath. The covered patio is a great retreat & extension of the living space, with a gas BBQ hookup & easy access to go for walks with your dog or friends! There is also insuite storage & laundry. Roof top patio access included. This location is AMAZING! You’re steps from cafes, restaurants, shopping, transit & minutes to downtown & the river valley trails. Welcome HOME!

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