Real Estate Blog - November, 2014

Kameyosek Community - Monthly Statistics

Kameyosek  - Edmonton Real Estate Statistics

Total Number of Active Listings:5
Total Condo Listings: 5
Single Family Homes:0
Number Of Condos Sold:13
Number of Single Family Homes Sold:2

Average home price for Active listings in Kameyosek  is $335,360 and Highest price for Active listings in Kameyosek  is $659,900. Average Sold price in Kameyosek within 30 days was $320,093 and highest selling price was $690,000.

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What to know before buying a condo?

Condo Bylaws

This is something a lot of people don’t look into before buying a condo, but buying a condo means you are sharing walls, and often air, with your neighbours. This can cause a lot of headaches, and if you are new to the world of condos you may be in for a shock. Condo bylaws are arbitrary ‘laws’ designed by a board of condo owners in an effort to make a building more comfortable for everyone.

What are included in these bylaws?

Condo bylaws often include regulations regarding pets, whether you can have private laundry facilities, what you can have on your balcony (or not have) and what the rules are regarding air conditioning units. In an effort to make buildings look presentable, condo bylaws often prohibit people from using…

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Learning More about a Seller’s Market

What is it?

A seller’s market refers to a real estate market where the buying and selling rate is healthy and the home values are high. In other words, this is a market that benefits the seller and can sometimes be difficult for a new buyer to get into. These markets can be intimidating but it is possibly to make it work for you.

What causes it?

A strong economy means job growth, good pay and industry booms. These booms often lead to population growth and therefore an increase housing construction. Although there are often many homes available for purchase in a seller’s market, the prices are usually significantly higher than what you may expect. People are pretty good at looking at real estate and estimating a basic value based on the home and…

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The Right Season for Real Estate in Edmonton

When should I sell?

The best time to sell real estate in Edmonton is in the spring and summer. It’s a time of renewal, and in Canada, a time of gentle weather that is more conducive to moving. Spring and summer is when buyers typically plan to begin looking at real estate because it is when sellers begin putting high volumes of homes on the market – it’s a cause and effect situation. Although you could put your home on the market in the fall or winter, hoping to benefit from the lack of choice available, it may be a flop and your home may remain on the market well into the spring anyway.

The sellers

Sellers normally get their real estate in Edmonton on the market before the spring in order to give them a competitive edge (early bird gets…

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Learning about a Buyer’s Market

What is it?

A buyer’s market is a colloquial phrase referring to a time when the housing market is weak, and therefore housing prices are low. This makes it easy for buyers to pick up properties, but it’s also a time when not as many people are out there buying

What causes it?

Generally the housing market reflects the state of the economy. If the economy is bad, people are often losing their jobs and having trouble paying their mortgages. For most people, this isn’t a good time to buy a home unless you have job security and can afford to take the risk. Economic downtowns devalue homes, which leaves many home owner’s upside down on their mortgages (meaning they owe more on the home than what its worth). Because of this, many homeowners…

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Jackson Heights Community - Monthly Statistics

Jackson Heights - Edmonton Real Estate Statistics

Total Number of Active Listings:7
Total Condo Listings: 4
Single Family Homes:3
Number Of Condos Sold:2
Number of Single Family Homes Sold:3

Average home price for Active listings in Jackson Heights is $371,926 and Highest price for Active listings in Jackson Heights is $479888. Average Sold price in Jackson Heights within 30 days was $343,700 and highest selling price was $368,000.

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Crawford Plains Community - Monthly Statistics

Crawford Plains - Edmonton Real Estate Statistics

Total Number of Active Listings:8
Total Condo Listings: 3
Single Family Homes:5
Number Of Condos Sold:0
Number of Single Family Homes Sold:2

Average home price for Active listings in Crawford Plains is $304,637 and Highest price for Active listings in Crawford Plains is $430,000. Average Sold price in Crawford Plains within 30 days was $373,700 and highest selling price was $430000.

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Daly Grove Community - Monthly Statistics

Daly Grove - Edmonton Real Estate Statistics

Total Number of Active Listings:6
Total Condo Listings: 5
Single Family Homes:1
Number Of Condos Sold:1
Number of Single Family Homes Sold:2

Average home price for Active listings in Daly Grove is $240,616 and Highest price for Active listings in Daly Grove is $424900. Average Sold price in Daly Grove within 30 days was $308166 and highest selling price was $377000.

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Buying Real Estate when You are on the Move Constantly

Sometimes real estate can be really tough. You don’t always get to live where you want to, especially if where you reside is dictated by your job. When you routinely move for work reasons, which is often the case for military personnel, teachers and business leaders, you often find yourself in towns or cities with struggling economies. On the bright side of this equation, you can often purchase a home for an incredible price, on the down side, when it comes time to sell you may find yourself losing money.

How do you combat this problem? Essentially what you want to do is purchase real estate that is universally desirable and really negotiate the stuffing out of the price. To this end, you don’t want to buy the most expensive home in town, or…

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