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EDMONTON HOUSE HUNTING

 EDMONTON'S ADVANCED MARKETING REALTORS®

 

Edmonton Real Estate Blog, Market Information & Well-Balanced Advise

Is your Edmonton Neighborhood is Improving?


When you’re looking for a new Edmonton home, you want to find one in a great neighbourhood – or, at least, in a neighbourhood that is on the upswing. How can you tell if a particular area is improving? Here are some common indicators:


Pride of ownership. Take a walk around the neighbourhood. Do you get a sense that people take good care of their homes? Are the lawns mowed? Is the landscaping trimmed? Are flowers planted? Are the sidewalks & walkways shoveled from snow? Homeowners are more likely to look after their properties when they like where they are living.
Home improvements. Are people investing in their homes? Are they getting their driveways re-done? Their windows replaced? Are there signs of home improvement projects? If so, this is a clear indication that homeowners like the area enough to invest in their properties.
Real estate sales activity. Do homes tend to sell quickly in the area? Do they sell for a good price? If so, the neighbourhood is probably in demand. If people want to live there, it's a desirable area.
Business investment. Are businesses investing in the surrounding area? Is there an increase in the number of upscale shops, health clubs, restaurants, and other commercial enterprises that often locate near desirable neighbourhoods?
Community involvement. Are there signs that the community plays an active role in the look and lifestyle of the neighbourhood? Are there neighbourhood picnics, yard sales and other get-togethers? Check Facebook.com to see if the neighbourhood has a community page.

City plans. Find out what plans the city of Edmonton has for the area. Will there be road improvements done in the near future? Are there any major construction projects on the schedule, such as LRT, new school or community centre. Although such projects can be disruptive in the short term, they may improve the neighbourhood – and, as a result, boost the value of any home you buy – in the long-term.

Amortization Rate. One of the best ways to tell if a neighbourhood is improving is the amortization rate which is a summary of how quickly homes are selling in one area comparable to the nearby communities and district and municipality.


Of course, the best way to find out the desirability of a neighbourhood is to talk to us, a good REALTOR® who knows the area. Contact us today.

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Why Buy in Edmonton?

Why buy a house in Edmonton picture


Have you ever asked yourself that question? I know I have. I’ve questioned the idea in my head once or twice. What makes it so great from a business stand point, what is the job market like and is it really worth buying in Alberta? The short answer is: yes… wait, the answer is HECK YES! There is something great about Edmonton besides the Roger’s Place at the Ice District in downtown.

 

According to The Culture Trip, houses on average are roughly $350K. Which, for the most part, is true. Prices have not doubled in the last 10 years and have been surprisingly steady and unchanging in this period of time. Edmonton is one of the cheapest Canadian cities to live. With over 1.3 million people in surrounding areas and roughly 900K living in the city, the capital of Alberta has so much more to offer than our rival city, Calgary (there's that "Battle of Alberta" happening). 

 

Our Real Estate market has been receiving some hate due to the increased growth of the city within the last six months but it benefits those eager to buy. This means you'll receive a steal-of-a-deal that you won't get anywhere else. The best places to buy are downtown and the south side right now!

 

So the question is, why Edmonton? Why buy here? If you want more bang for your buck, Edmonton is relatively cheap. Cheaper housing than Calgary, one of the best job markets, minimum wage is one of the highest across Canada, awesome people and lower gas prices because we’re an oil province!  Go here to get started 

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 Tips on Edmonton Bathrooms - They Need Love Too!

Edmonton Bathroom Renovations Image

 

Bathrooms are the most important rooms in your home and where you spend a lot of time. Bathrooms are usually the smallest room in a home and need to be kept clutter free and clean. Use wall space rather than floor space. Place shelves strategically on the walls to allow for the most floor room possible.

Renovating an older bathroom prior to selling your home can be the difference between selling and not selling. When it comes to bathroom renovations, it can be as simple as replacing flooring, a vanity, tub surround or toilet to extensive renovations. Keep in mind, although most bath companies do a fantastic job, you may not recoup the money you put into the reno.

Using a light paint color on the walls will make your bathroom also feel larger. If you are thinking about selling your home and are contemplating a renovation prior to putting your Edmonton home for sale, Contact us for a free in-home, market evaluation.

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Alberta Real Estate Statistics for December 2016 

Edmonton Real Estate House prices image

Alberta Real Estate Statistics for December 2016

According to the Alberta Real Estate Association, December 2016 MLS® Market Real Estate Statistics are in with a total of 2616 Alberta residential unit sales, rising by 3.2% from the same month last year. The average MLS® price in Alberta was $395,694 with Edmonton at $351,484, down 2%  from last year at this time. 

 

Only the Calgary Real Estate Board saw an increase in monthly residential average prices from a year ago, while the other nine Alberta Real Estate Boards saw decreases.

Alberta Real Estate Association Outlook for 2017

According to AREA, residential sales in Alberta are excpected to deline by roughly 2.38% in 2017. This is based on two factors - the price depriciation and the price elasticity of sales over the last 20 years.For more information on Alberta's Rea Estate prices visit http://area.informz.ca/AREA/data/images/2016-Dec.pdf

 

 

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.