One way of determining demand in an area, or for a type of property is to look at the absorption rate. The absorption rate tells you how many months it will take to sell the current inventory if the sales level remains stable. I have broken the Edmonton real estate market into a number of [...]
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How Great is Your Curb Appeal? 22 Tips for Home Owners
Today we have the first of a series of articles written by Rhonda Wilson, of Revealing Assets Home Staging and Decluttering Services. We have partnered with Rhonda to ensure our listings look their best and attract more attention from buyers. I can say from experience that Rhonda knows what she’s talking about when it comes [...]
Worst Condo Management Company in Edmonton
Who is the worst condo mangement company in Edmonton? Many of our readers live in condos that are professionally managed and for some management companies the term "professional" is a gross over statement. Many people do not realize that the condo management industry is unregulated, and that can leave Alberta condo owners [...]
Edmonton Luxury Real Estate Market Report
Parkview Edmonton Home for Sale
Only 1 home has ever sold on the MLS® in Edmonton for over $3 million (it sold for $4.6 million in 2008). Today there are 8 residential properties asking $3 million or more, with one asking $15 million. Does Edmonton have an appetite for this type of listing?
Taking it down a [...]
HDR Photography is great, but not for real estate
You may not have heard of HDR photography, but you’ve most likely seen it. It’s quite popular among digital photography buffs and can be quite beautiful, but sometimes these images end up looking like some sort of surreal, sci-fi movie version of reality. HDR (high dynamic range) photography is basically a series of photos of [...]
It’s about the price right?
Generally when dealing with multiple offers the highest price wins, right? I would have to say it’s normally a good rule of thumb, but it isnt always the case – at least when it comes to Edmonton home buyers and sellers.
At the height of the frenzied multiple offer market during the summer of 2006 we had [...]
Is the first offer really the best offer?
There is an old adage in real estate that the first offer you receive on your home is often the best offer, but is it really true? To be honest, it’s hard to say, but if the offer comes quickly it very well could be your best offer.
Think of it this way, when your home [...]
Hurry Up and Wait
So the ink has just dried on your purchase contract. Now what? Most likely there are conditions on the deal – what happens next? If you're the buyerYou will be busy with details like: getting details to the mortgage company, booking your inspection, attending your inspection, and dealing with insurance questions (should be) to [...]
Edmonton Real Estate Inventory on the Rise
The REALTORS® Association of Edmonton released their report on the Edmonton real estate market today showing the lowest residential sales since 2003. For the first time this year sales are lower than last year, and seem likely to follow the trend set in 2008: The average residential sale price dropped 1.25% from last month to [...]
Hail Caesar! And other things to remove from your bedroom while selling your home
Today I showed a property with what could only be described by Conn Igulden as being “The Julius Caesar tribute bed." Complete with ginormous posts with massive gold leafing at the top of each post, it was obviously built to commemorate Caesar's victory over Gaul. However, instead of being in a Roman museum this [...]
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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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