The market sure is heating up! We’ve had multiple showings and a growing number of people heading to our open houses. There is no better time than NOW to look at your potential options in time for the SPRING MARKET.
Whether you are looking to expand your space, downsize or invest in a property, feel free to contact me. Realty Executives Focus is a full service brokerage assisting families in buying, selling and investing in real estate!
January 2023 Market Update
“YEG Housing Market Sees Stable Transition Into New Year”
“The Edmonton real estate market remained relatively stable from December as we transitioned into the new year,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “While many categories saw minimal decreases month-over-month, average prices for both the row/townhouse and apartment condominium categories saw increases when compared to December 2022.”
Single-family houses went for an average of $451,659, condos went for about $189,631 and duplexes sold for an average price of $355,086.
While it’s not unusual for the market to cool at this time of year, a climbing interest rate could be leading buyers to re-evaluate and sellers to reconsider moving. However, I anticipate activity will pick up in March just in time for the Spring market. If you have questions about the rising interest rates, forecasted home prices, or would like to know what these market stats mean whether you are buying or selling, feel free to contact me.
Source: https://www.realtorsofedmonton.com/Market-Stats/Monthly-Housing-Statistic
Free Comparative Market Analysis
What is a Comparative Market Analysis?
A Comparative Market Analysis (CMA) is an estimate of the market value of a property and is typically completed by local real estate agents. Real estate agents compare recently sold properties based on the neighbourhood, size, and age to determine a market valuation for a specific house.
Even if you aren’t thinking of selling now or in the near future, it’s never a bad idea to know what numbers you are working with. This can help you in the long run! I can provide you with a FREE CMA. Over the years, I have listed and sold all types of properties. From vacant land to apartments to duplexes to single family homes to acreages in rural communities. I’ve listed in Edmonton and Surrounding Cities such as Fort Saskatchewan, Sherwood Park, St. Albert, Rural Strathcona County, Redwater, Beaumont, Gibbons, and more. If you don’t see it here, let’s chat!
Current Listings
You can check out all my current listings here!
Open Houses
Open Houses are a great way to get a feel for a property and ask any and all things real estate from one of our Realtors. If you are a first time home buyer, this is also a great starting point for your home search. See what you like/don’t like in a house, neighbourhood, features, amenities, and more.
We host open houses almost every weekend! Make sure to stay tuned on social media or click here to stay updated.
