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New property listed in Zone 20, Edmonton

I have listed a new property at 18503 86 AVE NW in Edmonton. See details here

Gorgeous UPDATED & FULLY FINISHED 2 Storey w/ a park-like, SOUTH FACING backyard! This home checks all of the boxes! The main floor features hardwood flooring & a large living room/dining room. The bright white kitchen features updated appliances & windows overlooking the backyard & upgraded glass railing. A couple steps down & you’ll find the spacious great room that has a stone fireplace & patio doors for access to the large rear deck. Love to BBQ? There’s one already setup & included! The backyard features tons of space for the kids to play, mature perennial landscaping, a shed & exterior fence lighting. The main floor also has a den, ½ bath, laundry & direct access to the oversized 23’7”x19’6” garage. The upstairs has the primary suite w/ updated vanity & shower, 2 spacious bedrooms & the main bath. The basement has a large bedroom, family room & tons of storage space. Updated windows (2017), roof (2013), HWT (2022) & electrical panel. Immaculately maintained & possession flexible.

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 Weekly Real Estate Market Update: Edmonton - Week Ending June 26, 2024

The Edmonton real estate market showed a mix of trends in the week ending June 26, 2024. Here’s a detailed look at the key statistics and what they mean for buyers, sellers, and investors.

Sales and Listings

This past week, Edmonton saw a total of 721 unit sales, reflecting a slight decrease of 1% compared to the previous week. This modest decline suggests a stable market with minor fluctuations in buyer activity.

On the other hand, new listings experienced a more significant drop. There were 837 new listings, which is 11% fewer than the week prior. This reduction in new listings could indicate a tightening market, potentially leading to increased competition among buyers for available properties.

Prices

Despite the mixed activity in sales and listings, property prices in Edmonton showed positive and negative movements. The average price of homes rose to $448,000, a 1% increase from the previous week. This uptick in the average price suggests a resilient market with steady demand for higher-priced properties.

In contrast, the median price saw a decline, dropping by 3% to $414,000. The decrease in the median price might indicate that more lower-priced homes were sold this week, balancing out the overall market trend.

Market Insights

The combination of fewer new listings and stable sales suggests a balanced market where demand is meeting supply relatively well. The slight increase in the average price indicates that higher-end properties are still in demand, while the drop in the median price could signal opportunities for buyers looking for more affordable options.

For sellers, the current market conditions suggest that while there is healthy demand, pricing your property competitively will be crucial, especially with fewer new listings drawing buyer interest. For buyers, the decrease in new listings means acting quickly and decisively when a desirable property becomes available.

As we move into the summer months, it will be interesting to see how these trends evolve and whether the Edmonton real estate market continues to show resilience and adaptability.


The statistics presented in this blog post are sourced from the Realtors Association of Alberta.

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Edmonton Real Estate Market Update: Week Ending June 19, 2024

As we step into the warmer months, the Edmonton real estate market continues to show signs of vibrancy and resilience. The latest statistics for the week ending June 19, 2024, reflect a healthy demand and a steady increase in property values. Here’s a detailed look at the numbers:

Unit Sales

This week saw a total of 727 units sold, marking a modest but positive increase of 1% from the previous week. This uptick suggests that buyers are actively engaging with the market, possibly driven by favorable mortgage rates and a general optimism in the economic outlook.

New Listings

On the supply side, the number of new listings has seen a notable decrease. There were 942 new listings this week, which is down by 7% compared to last week. This reduction in new listings could be attributed to a variety of factors, including sellers holding back in anticipation of further price increases or a seasonal lull as summer begins.

Price Trends

The average price of homes in Edmonton has risen to $443,000, reflecting a 2% increase from last week. Similarly, the median price has climbed to $427,000, also up by 2% from the previous week. These price increases indicate a competitive market where demand slightly outpaces supply, pushing prices upwards.

Market Insights

The current market dynamics suggest that Edmonton remains a seller’s market, albeit with some underlying caution. The increase in sales alongside a decrease in new listings puts pressure on the available inventory, which, in turn, supports price growth. Buyers need to be prepared for a competitive environment, while sellers might find it an opportune moment to list their properties to capitalize on the rising prices.

Looking Ahead

As we move further into the summer, it will be interesting to see if the trend of increasing prices and stable sales continues. Factors such as interest rates, economic policies, and broader economic health will undoubtedly play significant roles in shaping the market.

For now, the Edmonton real estate market appears to be on a steady path, with both buyers and sellers finding opportunities to achieve their goals.


*Statistics and data for this report are sourced from the Realtors Association of Alberta.*

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New property listed in Zone 08, Edmonton

I have listed a new property at 3 11913 103 ST in Edmonton. See details here

Freshly painted, cleaned & move in ready! Welcome to Westwood! This 2 bed 2 bath condo is a great investment, located in a well managed complex. This home is on the top 2 levels of the building, with the main floor showcasing an open concept great room, kitchen & ½ bath, – oh and did we mention a large WEST FACING balcony! Tons of natural light fill this home with windows facing both West and South. Gorgeous laminate floors flow throughout the home with carpet upstairs & ceramic tile in the bathrooms. The 2nd level has 2 bedrooms, the full bath w/ tub & the laundry unit. The home is spacious and well maintained. All appliances are included. There is also a parking stall included at the rear of the building. This condo is 1 block from NAIT, and close to LRT, Kingsway Mall and Yellowhead Trail. Move in soon & enjoy the spring & summer in your new HOME!

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New property listed in Zone 14, Edmonton

I have listed a new property at 23 5873 MULLEN PL in Edmonton. See details here

RAVINE BACKING 2 Bed 4 Bath Townhome w/ Double Attached Garage! This FULLY FINISHED home has an open concept main floor with huge SOUTH FACING windows & plenty of space for entertaining. The upgraded kitchen features a large eating bar, stainless appliances, a corner pantry & direct access to the spacious rear deck that overlooks the ravine & trees. Upstairs, the primary suite is huge w/ a walk in closet & ensuite w/ separate shower & soaker tub. Also upstairs is another large bedroom, laundry room & the main bath. The fully finished basement has a large family room/flex space & half bath. You’ll also find direct access to the covered walkout deck plus access to the double attached garage. This location is PRIME w/ walking trails at your doorstep + minutes from shopping, restaurants & public transit. Well managed complex with great neighbours!

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New property listed in Zone 14, Edmonton

I have listed a new property at 28 5873 MULLEN PL in Edmonton. See details here

RAVINE BACKING END UNIT 3 Bed 4 Bath Townhome w/ Double Attached Garage! This FULLY FINISHED home has an open concept main floor, WALKOUT BASEMENT & is in the BEST LOCATION, close to all amenities, restaurants, schools & walking trails. The main floor has HUGE SOUTH FACING windows & plenty of space for entertaining. The chef in the family will love the open concept kitchen w/ a large eating bar, stainless appliances, a corner pantry & direct access to the spacious rear deck that overlooks the ravine & trees. Upstairs, the primary suite OVERLOOKS THE RAVINE & has its own walk in closet & ensuite w/ separate shower & soaker tub. Also upstairs are 2 more large bedrooms, the laundry & main bath. The fully finished basement has a large family room/flex space & half bath. You’ll also find direct access to the covered walkout deck plus access to the double attached garage. Well managed complex in a great location!

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New property listed in Zone 35, Edmonton

I have listed a new property at 13459 40 ST in Edmonton. See details here

3 Bed 2 Bath Townhome Fully Finished w/ fenced rear yard overlooking trees, NO REAR NEIGHBOUR + a SOUTH FACING BALCONY. PET FRIENDLY COMPLEX. This home features updates throughout including 12x24 ceramic tiles, laminate floors, updated kitchen appliances & a renovated main bath. The main floor is spacious with a large kitchen with eating bar, spacious dining area, a large open concept great room & ½ bath. There is direct access to the rear fenced patio w/ gate to the large rear green space, the perfect place for your kids to play! Upstairs are 3 large bedrooms including the HUGE master bedroom with French doors, dual closets & a private BALCONY, the best spot to enjoy your morning coffee. The main bathroom has been updated & features a tub w/ tiled surround & added storage. The basement is fully finished with a family room & a fully functioning wood burning fireplace. This well managed complex features many updates in the last few years: windows, doors, siding, roof & fencing. Welcome HOME!

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New property listed in Sherwood Park, Sherwood Park

I have listed a new property at 31 EAGLE DR in Sherwood Park. See details here

Over 1,900 sqft of living space, updates throughout, a HUGE backyard & an oversized double garage are a few highlights of this home. 3 beds + 2 ½ baths this home is move in ready. The open concept great room has west facing windows & gleaming hardwood. Opening onto the kitchen you’ll find updated stainless appliances, a large island w/ eating bar & an abundance of cabinets. Through the patio doors you have direct access to the large rear deck w/ hot tub & the backyard. Dog lover? Check out the included dog house. The main floor has the primary suite w/ ensuite & patio doors to the rear deck. The other two bedrooms are spacious & one has an included murphy bed. Downstairs is a large family room w/ bar (pool table negotiable!) + another full bathroom, bar & laundry/storage. Flexible possession

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New property listed in St. Albert, St. Albert

I have listed a new property at 402 20 ST JOSEPH ST in St. Albert. See details here

TOP FLOOR, CORNER 2 Bed + Den, 2 Bath – Simply gorgeous & stunning! Get ready to be impressed with this well maintained condo. Modern hardwood & fresh paint great you with an amazing space that’s great for entertaining, while also being a retreat from the hustle & bustle. Located in Downtown St Albert, this home is in the highly desirable Churchill Manor (45+ age), steps from coffee shops, restaurants & close to the river valley trails. The kitchen is spacious, complete with stainless appliances, granite countertops, a large eating bar & a corner pantry. The great room features stunning windows, a corner fireplace & access to the South facing patio. The primary suite is large with a full ensuite & dual closets. Completing the home is another large bedroom, den, insuite laundry & the main bath. Also included is a secured parking stall, storage cage & storage room. Well maintained complex that has a social room as well. Welcome HOME!

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