EDMONTON AREA (GEA) REAL ESTATE MARKET FOR MARCH 2023

The Edmonton Area (GEA) real estate market for March 2023 has seen a decrease of 30.8% compared to April 2022, but it was up by 11.1% from March 2023. The real estate market has seen some fluctuation in the past year, with single-family homes down 32.9% from April 2022 but saw an increase of 14.2% from March 2023 at 1229. Duplex sales were down by 37% year over year, but they increased by 19.3% from March 2023. Condominium unit sales were down 23.2% from April 2022, but they increased by 1.3% from the previous month.

We will provide a comprehensive overview of the Edmonton Area (GEA) real estate market for March 2023, including sales trends, average prices, and days on the market.

Average…

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Owning a home is one of the most significant investments you can make in your life. It not only provides a place to live but can also boost your net worth through equity. Equity refers to the difference between the market value of your home and the outstanding mortgage balance. In other words, it's the amount of the property you own outright.

Homeownership can provide financial benefits that can't be found in renting. It's an investment that can increase in value over time, allowing you to build equity and increase your net worth. In this article, we'll discuss the ways in which homeownership can boost your net worth through equity.

Building Equity

One of the primary ways homeownership can boost your net worth is through building equity.…

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The top home upgrades that can give you the best return on your investment.

  1. Upgrade Your Insulation

Upgrading your insulation may not seem like the most exciting home upgrade, but it can have a big impact on your energy bills. According to the U.S. Department of Energy, the typical American family spends around $2,200 a year on energy bills, with heating and cooling accounting for almost half of that cost.

By upgrading your insulation, you can keep your home warmer in the winter and cooler in the summer, reducing your energy bills and improving your home's energy efficiency. This upgrade can also make your home more comfortable, as you'll be able to maintain a consistent temperature throughout the year.

  1. Remodel Your Kitchen

The…

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Seller Tips on Storage Things When Selling Your Home

Selling your home can be a challenging and overwhelming task. There are numerous factors to consider when preparing your home for sale, and one crucial aspect is storage. Buyers are always on the lookout for ample storage space in a home. Therefore, it's essential to declutter and organize your home effectively to create an impression of adequate storage space.

Here are some seller tips on storage things when selling your home that will help you make a lasting impression on potential buyers.

  1. Declutter and Organize Your Home

The first step in preparing your home for sale is to declutter and organize it. You want to create an impression of adequate storage space, and this starts by…

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Monthly Home Organization: Tips and Tricks to Keep Your Home Clutter-Free

At some point, everyone finds themselves buried under piles of clutter. Whether it's stacks of papers, overflowing closets, or a garage full of old junk, it's easy for things to get out of hand. But with a little organization, you can regain control of your home and enjoy a clutter-free space. In this article, we'll provide you with some tips and tricks for a monthly home organization to keep your living space tidy and organized.

Start Small and Focus on One Area at a Time

The first step to getting organized is to start small. Trying to tackle your entire home all at once can be overwhelming and discouraging. Instead, focus on one area at a time. Begin with a single room,…

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Spring is a wonderful season when the weather starts to warm up, the flowers begin to bloom, and the birds start singing. However, along with these delightful changes, there's also the task of cleaning up the yard after a long winter. Spring yard clean up is essential to ensure that your lawn, garden, and outdoor space look their best for the upcoming season. In this blog post, we'll discuss some tips and tricks for a successful spring yard clean up.

  1. Remove debris: Start by removing any debris, such as leaves, twigs, and branches that have accumulated over the winter months. This debris can harbor pests and diseases that can harm your plants and lawn. Use a rake, leaf blower, or vacuum to clear the debris from your yard.
  2. Prune plants: Prune any…

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f you have a small kitchen, you might think that there's not much you can do to make it work for you. However, with some creativity and smart organization, you can make the most of your limited space and create a functional and stylish kitchen that works for your needs. Here are some tips to help you make the most of your small kitchen:

  1. Get rid of clutter: In a small kitchen, clutter can quickly take over and make the space feel even smaller. Start by getting rid of anything you don't need or use on a regular basis. This can include old appliances, unused cookware, and excess dishes. Once you've cleared out the clutter, you'll be able to see what you have and make better use of the space.

  2. Use vertical space: If you're short on counter…

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When it comes to decorating our homes, we all have our own unique tastes and preferences. However, there are certain types of decor that most people would agree they would never want in their homes. Here are a few examples of decor that you may want to steer clear of:

  1. Cluttered or Overly Busy Decor - While a few decorative pieces can add personality to a room, too many can quickly become overwhelming. Avoid cluttered decor or decor that is overly busy, as it can create a sense of chaos and unease.

  2. Fake Plants - While real plants can add life and colour to a room, fake plants can quickly look cheap and tacky. If you want to add greenery to your space, opt for real plants that are easy to care for.

  3. …

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Renting Vs Buying A Home 

https://www.youtube.com/shorts/W57B065M2n4 Buying or selling Edmonton Real Estate contact us at Gurpreet Ghatehora Realtor ® RE/MAX RIVER CITY 780-951-6530 OR visit www.searchrealestateforsale.ca edmontonedmontonrealestateagenthomebuyershousesforsalemaintenance#firsttimehomebuyers sellingyourhomedesign#buyingahome edmontonrealestate#housesforsale

 

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Buying a home is one of the most significant investments we can make when securing our future. While the idea of owning a home sounds great, there is a lot that goes into the process.

The Edmonton real estate market is a renowned area with affordable options. As a first-time buyer, commitment is not enough to secure the home of your dreams. Lucky for you, we have all the information you need as a first time home buyer in the Edmonton real estate market.

Credit Score

Your credit score determines how soon you can make your dreams come true. A good credit score is integral in the Edmonton home buying process. Also, lenders prefer to work with individuals with a perfect credit score.

In Edmonton, your credit score needs to range between 650-680 to…

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2023 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on June 5th, 2023 at 7:17am CDT.