Edmonton Real Estate Market Activity April 2023 - Gurpreet Ghatehora Edmonton Real Estate Agent RE/MAX

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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Best Home Upgrades For Your Money

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.

2. Remodel Your Kitchen

The…

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Seller Tips on Storage Things When Selling Your Home

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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Yard Clean Up In Spring - Points To Remember

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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First Time Buyers: Basic Home Buying Tips in Edmonton Real Estate Market

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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How Millennials Are Changing The Edmonton Real Estate Market

We can all appreciate the beauty of diversity in the real estate industry. With the right information and resources, anyone can invest and enjoy the benefits linked to this market. Millennials are the country's most influential generation in the real estate market. In a study conducted in Canada, 51% of millennials were renting, and 83% planning to buy a home soon.

With higher incomes and a desire to settle down, millennials are changing housing provisions to accommodate their needs. Edmonton is an affordable yet lucrative location for both investors and buyers. Thus, real estate standards are rising with such a demanding group in the market.  Information below shows how the millennials are changing the Edmonton real estate model.

New Trends are…

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Edmonton Real Estate Industry Overview in 2020

Edmonton has stood out as an area attractive to investors and buyers. Evidently, Covid-19 has caused a snag in the real estate market in Edmonton. With the present recession, homes have retained their value. Due to government involvement in the industry, the real estate industry has been protected against stagnation.  For many individuals interested in buying a home in 2020, the uncertainty is unsettling.

The cause for concern has been primarily on how the pandemic will affect the Edmonton real estate market. Will the mortgage rates decline? Are there people selling and buying homes?  Here is an overview of the Edmonton real estate industry in 2020.

The Real Estate Market is Still Strong

This market has managed to remain stable and grow despite…

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4 Spaces Homebuyers Are Insisting On In Edmonton, AB

As people do more and more at home they are insisting that their homes change to adapt to the increased amount of activities being done in the home. Today’s homebuyers expect their homes to accommodate more entertaining, more work, and more living and they need spaces within the home that can make those things easier. It’s not enough for a home to just have a few central spaces and a few bedrooms. Sellers that are looking to get the best prices for their homes should consider renovating to add some of these spaces to their homes because these are the spaces that today’s homebuyers want:

Mud Rooms

Mud rooms are essential for families who need a place where they can drop their bags, boots, coats, and other items when they come in the door. And small…

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The Upgrades Buyers Want In 2020

Sellers that want to get an offer on their house fast should always be willing to spend a little bit of money sprucing the house up to make it more attractive to buyers. In a newer house there’s usually not that many things that need to be done to make the house look great. But an older home that doesn’t reflect the modern floor plan and finishing’s that buyers today expect could really benefit from a bit up an upgrade when the owners want to sell it. The upgrades that are going to sell homes fast in 2020 are:

New Countertops

Design experts are already predicting that the most popular upgrade that buyers will want in 2020 is new countertops. Quartz countertops are poised to be a huge trend this year after growing in popularity over the last few…

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Should You Stage A Bonus Space?

Bonus rooms are in high demand with buyers. Modern living requires a lot of flexibility and buyers want to see that flexibility reflected in their homes. They want spaces that can do double duty as well as spaces for things like working, homeschooling, a home gym, or an entertainment room. Having a bonus space is a big selling point for a home – but should you stage a bonus space or leave it empty to show the possibilities of the space?

There’s a lot of division on this issue. Some professional stagers think that repainting a bonus room and leaving it empty is the best way to show it because it leaves the buyer free to imagine that space for whatever they want. And that definitely is something to consider. Some buyers prefer to see the full size and…

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