October 2010

There are 3 blog entries for October 2010.

graph_400Here’s some welcome news for Edmonton first time home buyers: housing prices are “levelling off” according to industry experts.

Referencing a Royal LePage report, the Edmonton Journal noted that for the third quarter of 2010 (July, August and September):

· Edmonton and surrounding detached bungalows averaged $311,429 – or 0.9% higher than last year

· Edmonton and surrounding two-story houses averaged $338,571 – or 3.4% higher than last year

· Edmonton and surrounding standard condominiums averaged $204,167 – or 3.6% lower than last year

· A standard condo in Clareview averaged $160,000 – or 11.1% lower than last year

· A detached bungalow in Clareview averaged $250,000 – or 9.1% lower than the year before

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I’m a big fan of the older homes you can find in Edmonton and understand why they are often very appealing to a first time home buyer. While it is true that older homes can have a lot more character and individuality than some newer homes, older homes can also have their own problems. There are two common areas where older homes tend to end up costing a first time homebuyer more than they anticipated but a good realtor® can help you avoid these problems and make sure that you get the home you expect.

Due to the climate, a major potential problem area in Edmonton’s older homes is heating and for any first time home buyer this may be a really complex issue. Even 20 years ago, the heating systems in common usage were far less efficient than the

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It wasn’t too long ago that first time buyers usually started exploring the housing market with a Sunday paper. Today, it’s done online and it’s a 24/7 service. For most Realtors®, the days of advertising in the paper are over. With 95% of first time buyers are starting the home search online, a comprehensive online presence is vital to helping them find what they need.

Good Realtor® websites will have access to all MLS® listings for their area’s real estate directly on the site with a searchable feature. A good listings search will give you different ways you can sort through the listings and explore the houses advertised. There are ways that first time buyers can put these services to good use.

First time buyers can start by looking at

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