Just as an FYI – our MLS database is down and we can’t acccess the information we need to post the weekly stats. We’ll get the update as soon as we can – word is the database will be back up shortly. [...]
Archive | October, 2008
Like a virgin negotiating for the very first time…
Negotiating is one of the least understood aspects of your property value. If you believe that the value is the value no matter what. No one can help you here. But consider this some people are better negotiators then others. If you’re recently out of the hospital and 90 years old you may be at a disadvantage compared to someone [...]
Risk VS Uncertainty
You never know what the winds of change will bring. Stock market woes one day, huge rallies the next… Billion dollar injections… Real estate sales up 65% from the previous year for Edmonton… How does one manage all the risk and uncertainy in markets like this? If you believe some of the people on this blog a good time [...]
Weekly Update on the Edmonton Real Estate Market
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New listings: 567 (479, 434, 486)# Sales: 237 (255, 274, 243)Ratio: 42% (53%, 63%, 50%)# Price changes: 429 (457, 441, 434)# Expired Listings: 211 (699, 209, 298)# Canceled/withdrawn/terminated listings: 36 (68, 49, 52)Net loss/gain in listings this week: [...]
Transaction Brokerage & Real Estate Licensees
Sept 30 2008 was the deadline for renewing real estate, mortgage and appraisal licenses with the regulator in Alberta.Not only was this the deadline for real estate licensees to pay up, it also meant they had to have their mandatory education in place. Sounds simple but this licensing period required the courses “Understanding Agency” and “Transaction Brokerage”. As of [...]
Happy Birthday & 100 Most Powerful Property People
Today, a big thanks goes out to all our readers! It’s been three years since our first post (somehow it seems longer than that). We barely have time to celebrate this momentous occasion. Well its not that momentous in the grand scheme of things since there are far more important things than our little blog. Sometimes I’m surprised by who [...]
Alberta Population on the Rise Again
Thanks very much to "itchy" one of our frequent commenters who pointed out this article from Finance Alberta which shows that Alberta experienced strong in-migration in the second quarter of 2008. "Alberta’s population growth continued to be the highest among all provinces in the midyear of 2008, though slower than the previous twelve months. During the second quarter of 2008, [...]
Weekly & Monthly Update on the Edmonton Real Estate Market
Double whammy today – the final numbers are out from the board so you get the weekly and final monthly update at the same time!The Journal bragged "City Home Sales Skyrocket in September" this morning, with talk of our strong local economy along lower prices and inventory to blame for the increase in sales. There was no mention of the [...]
Real Estate Sales Higher Than Expected in Edmonton
1729 residential MLS sales in Edmonton in September 2008.Lets put that in perspective:Last September there were 1042 sales, it was the worst September in recent historyLast month there were 1541 salesSales typically drop from August to September1141 single family homes sold this September, 1019 in August477 condos sold this September, 427 in August The average residential sale price is $324,905, [...]
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Edmonton Real Estate Market Weekly Update – May 11/12
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Edmonton: The epicenter of North America
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About Us
The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Coldwell Banker Johnston real estate; both are licensed real estate associates in the Province of Alberta.
Aside from blogging, Sheldon manages the brokerage and assists clients buying and selling real estate in the Edmonton area, while Sara focuses on marketing and business development. If you're thinking of buying or selling real estate, or if you're interested in a career with one of Edmonton's most successful teams, contact them at blog@teamjohnston.com.
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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