Found 2 blog entries tagged as edmonton housing market.

balance_800_03According to a report by the REALTORS ® Association of Edmonton, housing prices remained stable in April vs. March. And after a shaky 2010 and an even more volatile 2009, stability in the housing market seems like just what the doctor ordered if you ask me!

Here’s the statistical snapshot:

  • All-residential average price decreased $310
  • Single family home prices decreased $425
  • Condo prices rose $1,305
  • Residential sales were down 7.8%
  • Residential listing activity rose 9.8%
  • Inventory of homes on the Multiple Listing Service® increased 4.6%
  • The average days-on-market in April was 49 days.
  • The residential sales-to-listing ratio was 45% in April

So what do all these numbers mean for buyers and sellers? Well, it means a few…

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trends_800_01I’ve written a few times about Edmonton (and Alberta’s) growing housing market, so this latest news may seem as a shock – but really, it’s nothing to worry about and, on the contrary, quite predictable.

So what’s this latest news? Well, it’s the one that points out that in December, Edmonton’s housing market dipped in a couple of ways. First, average home prices fell to $308,496, or about $10,000 vs. November. Second, the total number of homes sold also fell from 1,120 in November to 784.

Now, at first glance this news may seem shocking and scary. But when you recall that we’re talking December in Edmonton here, you can see that the dip is normal for this time of year. Not only were many folks preoccupied with holiday tasks, but there were fewer…

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Testimonials

We gave Chris and Proctor Team a five-star rating. We really appreciated his knowledge and professional assistance with the sale of our property in Belgravia, Edmonton. We had our property on the market through another realtor last year for almost a whole year but could not get it sold. We believe the list price was right, way below the City assessment, but just could not figure out what went wrong. Then we switched to Chris this year. He spent almost two weeks on preparation including marketing, professional staging, and professional photography and video. The posting including descriptions was eye catching, beautifully done with high quality and emphases on many unique detailed features of the house. All this made a significant difference. When the house was put on the market, we got six showings in first three days and one of them resulted in an offer, which led to the final sale. Out of our expectation, the house was sold too soon for us to get ready for moving! The “lesson” we learned is that you should start to pack as soon as you pick up the phone to call Chris for the sale of your house. We strongly recommend Chris if you wan to sell your house in a timely manner.

- Rent Dunbar

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