As you’ve probably noticed, prices in Edmonton are on the decline. I don’t know how far, or for how long they will fall (that’s a topic for another post) but if you have to sell now you have to face the fact that prices are falling.
When prices are falling pricing your property correctly is [...]
Archive | September, 2007
Pricing it Right in a Declining Market
Word on the Street: Edmonton Real Estate Market Update
What’s been happening with real estate in Edmonton? More of the same except we are busy, busy, busy.
Yes we are busier with sellers than we were last year. I’m pretty sure everybody is. Our average time on market has increased and buyers are definitely flexing their muscles with offers.
Sales are still down percentage-wise [...]
How GPS Has Changed my Business
We recently purchased a couple of portable GPS navigation systems and my clients love it. Aside from the more expected uses for out of town clients who can use it to find their way around Edmonton, my in town clients love it too.
When I’m showing properties to my clients, I bring along my [...]
Buyer’s Agent Bonus a Bad Idea
In this market I am seeing numerous sellers and seller’s agents offering bonuses to buyer’s agents for selling a property in a certain time frame. This may make me unpopular but I think it’s a very bad idea.
Whenever I see this I immediately assume the seller is very motivated and therefore will take full [...]
Random Thoughts on the Market
It has been awhile since I’ve had a chance to post. Unlike the rest of the market where sales are off therecord pace of 2006 our sales have spiked. Most of our business is home owners and buyers – investors are not a major part of our active clientele. Most of the investors I do work with [...]
Edmonton New Homes: Condo Construction Surges Ahead
Today CMHC released their "Housing Now" press release for Edmonton; it outlines the amount of new home construction going on in the greater Edmonton area.
As we’ve seen in many of the months this year, far more multiple family units are going up than single family homes. From our own listings we can see that condos [...]
New Home Assembly Line
I saw this on CTV news the other night and couldn’t believe it – new homes being built on a construction line. Not modular homes, real homes built the same way they’d be built on the lot (up to 3300 square feet in size), but built indoors instead and then driven over to their pre-poured [...]
Edmonton Neighbourhoods: Lewis Estates
Lewis Estates is a master-planned golf course community around a central 18 hole championship golf course. Depending on who you ask, Lewis Estates consists of a number different neighborhoods.
According to the Lewis Estate community league web site, Lewis Estates is made up of Meadowlands, Breckenridge, Potter Greens and Meadowlands Estates. According to the City of [...]
Edmonton Real Estate Stats Fall Out
As you all know the press release came out today, I’ve pasted it below for those who’ve missed it. The media has picked it up and the press is as bad as we’ve been warning about all summer. Consumer confidence is a very important part of this market, and if the press continues to scare [...]
Edmonton Real Estate Market Report: August 2007
Good News, Bad News….Feels normal to me
The Realtor’s Association of Edmonton posted the monthly results for August this afternoon, before their press release which I assume will come out tomorrow. Needless to say we got the stats here for you as quickly as we could, we’ll post more analysis and the press release from the [...]
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Edmonton Home Sellers Stand Their Ground
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Market Value – Just How Much is That Home Worth?
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Prices Catch up to the Market
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Weekly Update on the Edmonton Real Estate Market
Photos on flickr
About Us
The Edmonton Real Estate Blog is published by Coldwell Banker Johnston real estate.
The authors, Sara MacLennan and Sheldon Johnston are both licensed real estate associates in the province of Alberta.
The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract.
For more information about us visit our website.
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