Edmonton Homes for Sale are popping up every minute and selling out faster than you can blink. In the South end of the City alone, there are over a dozen developments in various stages of completion. Now is a great time to buy in this part of the City because you’re pretty much guaranteed to see a return on your investment.
While you may only be purchasing a lot at this time, depending on the development, one thing is a fact: getting in on a development in the earliest stages is going to offer you the best prices (on lots or homes). As developments complete, construction noise dissipates, landscaping is finished and the area more or less settles. All the amenities and features of the community are in place for residents and a whole neighbourhood is now available to entice potential buyers. At this point, housing prices go up. Buyers who get in on the ground-floor of a development get amazing prices because they potentially have to live in a construction zone for a few years, and wait for things like parks and playgrounds to be installed. Buyers who purchase post-construction have to pay for the convenience of an established neighbourhood. For those looking at Edmonton homes for sale, development properties can make you real money.
Edmonton homes for sale typically begin in the low $230000to $260000 price range, depending on the neighbourhood and area of the City you are looking into. This price range is reasonable for townhomes and older (some newer) single-family homes. In many places throughout Edmonton, having a price range that begins at $300000 is going to provide you with many more options of neighbourhoods and home styles. Don’t get me wrong, these prices are nothing to sneeze at, and may seem exorbitant to many, but it is important to remember that Edmonton homes for sale are in this price range because salaries in Alberta are typically higher than anywhere else in the Country – in other words, people here have money and lots of it. This is a big driving factor for our market.
That’s not to say you can’t find a home for around $200000, or maybe even less. There are a good array of condos and older townhomes that have been upgraded and are in suitable areas for families, students or business professionals. It all depends on what you are looking for in Edmonton homes for sale, and what you are willing to compromise on.
Edmonton has been a fantastic seller’s market for the last few years, but it’s not impossible to get into the market as a first-time buyer. All you need is a great real estate agent who knows the City inside and out, who can track down the perfect home within your price range. Edmonton homes for sale may seem expensive but they are well worth their price. As the city continues to sprawl and attract new business in all industries, residents are sure to see their wise investments in real estate here pay-off quickly.
If you want to learn more about Edmonton homes for sale and what you can expect, visit us at Edmontonhomesonsale.com today!