The Realtor’s Association of Canada is predicting that Edmonton will be a “buyer’s market” for much of 2016, which is a good thing for people who are looking to purchase a new home, but bad for those who are wanting to downsize, sell, or move. But just because it could be a buyer’s market doesn’t mean that real estate in Edmonton will be on the decline. In fact, many real estate professionals remain confident that Edmonton could experience growth this year. It will probably be minor, but it’s a reason to remain optimistic.

Edmonton’s chief economist, John Rose, spoke to the press last week about the real estate market and Edmonton’s unique place in Alberta’s economy. “While you’re going to continue to see some very negative numbers and some very…

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Current Market Analysis Feb 11 - 2016

Status Area No. of Listings Dollar Volume Average Price Median Price
Active Listings   238 $93,484,391 $392,792 $369,150
Active Residential Condo          
  Beaver 1 $149,702 $149,702 $149,702
  Cold Lake 1 $215,500 $215,500 $215,500
  Edmonton 50 $14,192,686 $283,854 $259,900
  Leduc 1 $219,900 $219,900 $219,900
  Parkland 2 $439,990 $219,995 $219,995
  Spruce Grove 2 $434,800 $217,400 $217,400
  St. Albert 1 $149,900 $149,900 $149,900
  Strathcona 2 $573,000

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Getting a custom-built home is many people’s dream come true. You get to design almost every aspect of your entire property, from the rooms to the grounds. It’s a place that can be completely, wholly, and originally yours. But deciding to build a custom-built home can also come with unique challenges and complications. Here are a few things to consider when you’re starting your process of building a custom home.

1. Call a Real Estate Agent

Many people think that real estate agents are to facilitate buying homes, but they do a lot more than that. When it comes to your custom home, you’ll still need a lot of the basics: a lot, hook-ups, a neighbourhood or rural community. A real estate agent can help you navigate all these individual components so…

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Current Market Analysis Feb 10- 2016

Status Area Total Listings Dollar Volume Average Price Median Price
 
Active Listings   264 $103,376,050 $391,576 $364,900
Active Residential Condo          
  Beaver 1 $149,702 $149,702 $149,702
  Cold Lake 1 $215,500 $215,500 $215,500
  Edmonton 55 $15,364,973 $279,363 $249,900
  Fort Saskatchewan 1 $212,700 $212,700 $212,700
  Leduc 1 $219,900 $219,900 $219,900
  Leduc County 1 $364,900 $364,900 $364,900
  Parkland 2 $534,000 $267,000 $267,000
  Spruce Grove

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A home, no matter the size, is a big investment, one that requires a lot of careful consideration.  This is even more important as the homes get bigger, since many people will assume that a high price tag means quality, lasting construction. This is, unfortunately, not always the case. Even worse, many important details can be missed by the inexperienced home buyer, making the chances of having surprises in the future even more likely. When it comes to any potential home, be sure to be thorough in your inspections, including the following often-missed elements. These can lead to lots of problems down the line, but are still lost in the shuffle by even experienced home buyers. But by checking them out, you could save yourself time, money, and hassle down…

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Edmonton & Area Current Market Analysis Feb 5-2016

Status Area No. of Listings Dollar Volume Average Price Median Price
 
Active Listings   242 $98,912,527 $408,729 $381,650
ACTIVE Condo Listings          
  Cold Lake 2 $456,800 $228,400 $228,400
  Edmonton 64 $19,727,231 $308,238 $274,850
  Fort Saskatchewan 2 $544,800 $272,400 $272,400
  St. Albert 2 $524,800 $262,400 $262,400
  Strathcona 3 $964,400 $321,467 $349,600
  Subtotal 73 $22,218,031 $304,357 $264,900
 Active Single Family          
 

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When it comes to keeping a home’s value, one of the best things you can do is regular maintenance. Not only does continual maintenance help keep your home in top working order, it is also a lot cheaper than paying for the fallout of something big happening, like a burst pipe or a broken down appliance. The following are some regular maintenance things you should do to keep your home in tip-top shape and help it retain its value.

1. The Plumbing

A regular pipe inspection, recommended by plumbing professionals every two to three years, is absolutely essential for keeping your home’s water where it needs to be. Burst pipes are one of the most common and most expensive things that can happen to a home, especially in Edmonton’s notoriously cold weather.…

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Edmonton & Area Real Estate Current Market Analysis

Status Area Total Listings Dollar Volume Avg. Price Median Price
Active Listings   299 $120,726,734 $403,768 $369,000
 Active Condos          
  Cold Lake 1 $164,900 $164,900 $164,900
  Edmonton 95 $26,426,814 $278,177 $249,900
  Leduc 1 $359,777 $359,777 $359,777
  Parkland 1 $169,900 $169,900 $169,900
  Spruce Grove 1 $269,900 $269,900 $269,900
  St. Albert 2 $643,900 $321,950 $321,950
  Strathcona 4 $1,200,466 $300,117 $303,450
  Sturgeon 1

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Purchasing a regular, standard home and buying a luxury property are entirely different experiences. Not only are the finances and buying processes different, what you end up with is entirely different as well. If you are on the market for a luxury home in Edmonton, be sure to consider the following suggestions before settling on a purchase. It may result in you getting something that fits your needs perfectly, and maybe even for a price that’s much more reasonable than you initially thought.

1. Consider Your Lifestyle

When it comes to luxury homes, you aren’t simply buying an expensive property, you’re buying your way into the lifestyle you’ve always imagined. That may be a luxury condo in the heart of downtown, where you’ll have beautiful views of…

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Current Market Analysis
Status Class Type Area Total Listings Dollar Volume Avg. Price Median Price Avg. DOM

Active Listings


310 $125,468,639 $404,738 $374,900 1

RESIDENTIAL








Condo








Cold Lake 1 $189,900 $189,900 $189,900 1



Edmonton 76 $20,731,127 $272,778 $251,950 1



Leduc 1 $239,000 $239,000 $239,000 4



Spruce Grove 2 $634,800 $317,400 $317,400 2



St. Albert 5 $1,357,200 $271,440 $249,900 1



Strathcona 9

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on December 9th, 2022 at 11:14pm CST.