Real Estate Blog - For sale homes

Edmonton Real Estate and First-time Home Buyers

Posted by Gurpreet Ghatehora on December 17th, 2013

If you are looking at purchasing some Edmonton real estate but are just getting your feet wet in the real estate market here, there are a few things to consider. It can be very exciting when you finally decide to buy your first home, and many people hop right online and begin browsing through listings. It’s only natural to dive right in like this, but actual house-hunting isn’t the first step you should be taking. What you need to do first is figure out what you can afford.

To do this, begin by talking to your bank or a mortgage broker. Together, they will show you how all your current assets, debts and expenses, come together to paint the picture of the price-range you can comfortably afford to shop in. Once this is taken care of, you will…

13995 Views, 0 Comments

Edmonton Real Estate Sales were high in November

Posted by Gurpreet Ghatehora on December 11th, 2013

Winter did not slow Edmonton real estate sales in November according to figures released by the REALTORS® Association of Edmonton. One month sales in November were the highest in five years. The figures are based on sales through the Multiple Listing Service® System in the Edmonton CMA.

The number of all-residential sales in the Edmonton CMA in November (adjusted to account for late reported sales) was 1,116 highest number of sales in the month since 2009. There were 672 (622 reported) Edmonton sales of single family homes, 349 (323 reported) condo sales and 83 (77 reported) duplex/row house sales in November. Total residential sales were up 10.5% over November 2012 with SFD sales up 7.9% and Edmonton condos sales up 13.7%.  

The average…

1443 Views, 0 Comments

Youthful buyers continue to drive housing sales in October

Posted by Gurpreet Ghatehora on November 19th, 2013

REALTORS® Association of Edmonton released market housing statistics for the month of October based on sales through the Multiple Listing Service® in the Edmonton CMA. The all-residential average price in the Edmonton CMA is $337,599 as compared to $332,232 in October 2012, a +2.5% change. The median price for a home in Edmonton is up at $327,250 compared to $315,600 last October.

All-residential sales totalled 1,454 (adjusted for late reported sales, 1,346 reported) in October, a positive change of 15.6% from the same month last year when there were 1,258 residential sales. There were 888 (822) adjusted SFD sales, 449 (416) adjusted condo sales and 90 (83) adjusted duplex/rowhouse sales (reported sales in brackets).

“Total annual sales are…

1318 Views, 0 Comments