Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 74 (190, 213, 278) # Sales: 95 (180, 161, 137) Ratio: 128% (95%, 76%, 49%) # Price Changes: -152 (122, 127, 206) # Expired/Off Market Listings: 131 (262, 238, 218) Net loss/gain in listings this week: -152 (-252, -186, -77) Active single family home listings: 2,364 (2,434, 2,544, 2,641) Active condo listings: 1,940 (1,997, 2,070, 2,145) Homes 4-week running average: $418k ($431k, $432k, $427k) Condos 4-week running average: $249k ($243k, $235k, $236k) Wow, time flies! Last weekly update of the year.... Next year is going to be interesting! I'll be attending the Annual Housing Forecast on Wednesday and will have lots of…

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Your heating system works hard during the winter to keep your home warm and comfortable. The last thing you want is for your furnace to break down in the middle of winter. Just like caring for anything mechanical, you should check and maintain your heating system, at least once a year, to keep it running efficiently and safely throughout all the seasons. Photo credit: Furnace Solutions Here are some reasons why you should need to have your furnace inspected and serviced regularly by HVAC companies in Edmonton:

Prevent Costly Breakdowns

Even if your furnace and heating system is relatively new, things can still go wrong. It is recommended that your furnace is maintained annually by an HVAC technician to help avoid costly and inconvenient breakdowns.…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 190 (213, 278, 290) # Sales: 180 (161, 137, 208) Ratio: 95% (76%, 49%, 72%) # Price Changes: 122 (127, 206, 266) # Expired/Off Market Listings: 262 (238, 218, 443) Net loss/gain in listings this week: -252 (-186, -77, -361) Active single family home listings: 2,434 (2,544, 2,641, 2,680) Active condo listings: 1,997 (2,070, 2,145, 2,137) Homes 4-week running average: $431k ($432k, $427k, $437k) Condos 4-week running average: $243k ($235k, $236k, $241k) The end of December and beginning of January are typically the slowest weeks of the year for real estate in Edmonton, but we saw a bit of an uptick in sales this week. Our…

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So we have an interesting situation happening at our office at the moment... someone has created a fraudulent company that shares a name with one of our agents. We've been contacted by a number of people over the past week about "Mobey Real Estate" or "Moby Real Estate" because one of our associates is named Angel Mobey, and of course, when you google something like Mobey Real Estate you find us. The Real Estate Council of Alberta (RECA) issued a consumer alert about the company on Friday stating the following: Mobey Real Estate is not a licensed real estate brokerage in Alberta nor are any of the individuals listed on the Mobey website licensed as real estate professionals. Mobey has been contacting consumers with offers of work-from-home employment…

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Photo Credit: D-Trac Construction Any experienced real estate agent will tell you that the two rooms a home buyer will look at first when interested in a home for sale are the kitchen and the bathroom. If your bathroom is outdated and you want to improve your home’s resale value you should consider a minor bathroom renovation. There are many benefits of bathroom renovations and with some smart and creative upgrades, you won’t have to spend a fortune to make your bathroom more attractive to potential buyers. Here are some tips for maximizing your ROI with bathroom renovations in Edmonton:

Replace Your Outdated Vanity

The vanity in your bathroom can be the focal point in the room. Replacing it would mean replacing the sink, countertop and faucet along…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 213 (278, 290, 327) # Sales: 161 (137, 208, 189) Ratio: 76% (49%, 72%, 58%) # Price Changes: 127 (206, 266, 262) # Expired/Off Market Listings: 238 (218, 443, 164) Net loss/gain in listings this week: -186 (-77, -361, -26) Active single family home listings: 2,544 (2,641, 2,680, 2,884) Active condo listings: 2,070 (2,145, 2,137, 2,274) Homes 4-week running average: $432k ($427k, $437k, $441k) Condos 4-week running average: $235k ($236k, $241k, $239k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 278 (290, 327, 432) # Sales: 137 (208, 189, 172) Ratio: 49% (72%, 58%, 40%) # Price Changes: 206 (266, 262, 280) # Expired/Off Market Listings: 218 (443, 164, 194) Net loss/gain in listings this week: -77 (-361, -26, 66) Active single family home listings: 2,641 (2,680, 2,884, 2,883) Active condo listings: 2,145 (2,137, 2,274, 2,304) Homes 4-week running average: $427k ($437k, $441k, $434k) Condos 4-week running average: $236k ($241k, $239k, $246k) The average price of single-family homes has come back down to the range we'd expect to see at this time of year, after a number of very high-end sales were inflating the…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 290 (327, 432, 409) # Sales: 208 (189, 172, 195) Ratio: 72% (58%, 40%, 48%) # Price Changes: 266 (262, 280, 312) # Expired/Off Market Listings: 443 (164, 194, 191) Net loss/gain in listings this week: -361 (-26, 66, 23) Active single family home listings: 2,680 (2,884, 2,883, 2,898) Active condo listings: 2,137 (2,274, 2,304, 2,326) Homes 4-week running average: $437k ($441k, $434k, $430k) Condos 4-week running average: $241k ($239k, $246k, $247k) Great discussion on last week's post - thanks everyone! If you haven't already, I encourage you to check out my preliminary monthly report, I've added a new chart about the size…

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The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today showing lower demand and higher supply than last year, much like we've seen all year. In these conditions, it's surprising that the overall average residential sale price increased by 1%, but this was partially due to a number of luxury sales (nearly twice as many as we saw last November), including one at $3million. As we reported yesterday, the size of homes sold in Edmonton reached a new record in November: The increasing size of homes sold at least partially explains the stable average prices in Edmonton while sales have been dropping. While the value of most properties has declined, buyers still qualified for the same amount of…

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