MLS® Edmonton & Area Real Estate Statistics March 5 - 2016Posted by Gurpreet Ghatehora on
Daily MLS® Edmonton & Area Real Estate Statistics
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|Status||Area||No. of Listings||Dollar Volume||Average Price||Median Price|
|Active Condo Listings|
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What’s the worst part of being a first time home buyer? After tightening your belt to save up for a mortgage, you go through the song and dance of all the procedures, and then pay a down payment. That’s okay, you were prepared for that, you did those calculations…but then your lawyer’s fees come out, moving expenses and all of sudden you are looking at a property tax bill. Talk about financial stress and strain!
Lucky, banks such as CIBC, offer something called a cashback mortgage, which is geared toward first-time buyers, and yes, it means exactly what you think it does. You get cash in hand from you mortgage – just in time to cover all those last minute expenses.
CIBC says that “The amount of money you receive is based on the size and term of…
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Total Number of Active Listings:10
Total Condo Listings: 1
Single Family Homes: 9
Number Of Condos Sold:0
Number of Single Family Homes Sold:6
Average home price for Active listings in Kiniski Gardens is $373,369 and Highest price for Active listings in Kiniski Gardens is $679,900. Average Sold price in Kiniski Gardens within 30 days was $356,650 and highest selling price was $498,000.
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When looking into Edmonton homes for sale, the first place you should check if you don’t yet have a realtor, is mls.ca. MLS® will allow you to narrow down your search area and the criteria of the home you are searching for. Another good idea is to look at the individual websites of realtors. There you can review all the properties they represent, and contact them directly about them.
Available Edmonton homes for sale change rapidly. It is a healthy market which requires buyers to move quickly when they find a place they like. Because of this, many online databases may not be 100% accurate. To avoid this, you’ll want to secure the services of a realtor, who will be able to speak with other realtors quickly and determine if properties are still available…
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Many who are inexperienced in home buying, or who simply aren’t at that point in their life, likely have no idea what is involved. It’s common to think you need to worry about only 2 things: a mortgage approval and a down payment. But getting your new home finances in order means looking at the big picture – before and after the purchase.
Yes, it’s a good idea to get a mortgage preapproval and you’ll want to have a sufficient down payment based on your price range, but that’s not all. Additional costs include a lawyer, a home inspector, and securing home insurance; property taxes are another consideration. You’ll want to have some wiggle room in your savings account to cover your closing costs and anything else that may come up.
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According to Realtors® Association of Edmonton housing prices rose in first quarter. Residential properties were up 5.8% compared to last year. Sale of Single family homes were up 5.1% and condo sale was up 11.0%. Indicators are there is more demand in the housing market.
In 2013 from Jan – March all residential sales were 3478 and this year was 3679. Listing inventory was also up as compared to last year. It was increase of 3.9%. Single family listings were 5.5% and condo listing was dipped half of 1%. Average days on market per listings in March was 44 days.
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For a first time homebuyer, realizing you’ve finally saved up enough for a down payment is a proud and exciting day. But where so you begin? There are many things you’ll want in your new home, and maybe a few different neighbourhoods you would consider living in.
Begin by searching a neighbourhood or city you are interested in, within your price range. This will give you some idea of the amount of homes available within your budget, even if you don’t necessarily find anything you love right away. Secondly, you should contact a mortgage broker. A broker will tell first time homebuyers exactly what you can afford, which may mean adjusting the budget you already had in mind. A broker will take into consideration what you have saved, your credit, your…
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Real estate can be an exciting venture in life, whether you are looking for a private residence or you are in search of investment or recreational property. Whatever you are after, it is likely you have more than a few questions about it. Below are some tips and guidelines to consider when you begin to shop for real estate.
First things first…
Get a mortgage preapproval. This will mean ensuring your credit score is in good order, and that you have some money stashed away for a down payment. Not only does a preapproval give you peace-of-mind and surety of your real estate price range, it also looks good to sellers when you make an offer and there are competing bids.
Be willing to compromise
Unless you are in a position to purchase a million dollar…
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Residential Home inventory on MLS® rose up to 16% in January. According to CMA over 1800 homes were on sale in January. In December only 783 home listings were available. Total inventory of 3537 (up from 3049 in December) kept prices stable in all housing categories.
Compared to December, Single family detached homes prices were down. Condominium and half duplex prices were also down.
Average days on market per listing was 61 days in January compared to 73 days in January 2013.
Low rental vacancies and the potential for higher rental are also attracting investors in to the market.
SFD2 average3 selling price – month $416,344
SFD median4 selling price – month $385,000
Condominium average selling price $230,463
Condominium median selling…
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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 March 23rd, 2023 at 3:16am CDT.