Seller's Advantage: Edmonton's Home Prices up 10% Over Last Year
Posted by Liv Real Estate on
The real estate market in Greater Edmonton continues to flourish in November 2024, with sales remaining higher than seasonal norms and prices considerably higher than last year. Single-family homes now have a benchmark price of $472,600, marking a 10% rise from last November. For those looking into apartment-style condos, the benchmark price has climbed 11% to $194,900. Meanwhile, townhouses have also experienced growth, with their prices up by 12%, reaching $269,500.
These price increases mirror strong demand for homes in the area amidst a backdrop of shrinking inventory. By the end of November, there were just 4,501 properties listed for sale, 17% fewer than the previous year. This scenario, where demand outpaces supply, solidifies a seller's market,…
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We recently gathered virtually for our annual awards night to celebrate our amazing team. Things looked a little different this year, but everything came together for a pretty amazing night.
Care packages including a delicious 3-course ready-to-heat meal expertly executed by our friends at Rebel Food & Drink and an exceptional wine pairing (or mocktail kit for those who don't imbibe) among other treats were organized for delivery or pick up. We broke into Zoom 'dining rooms', where we enjoyed our delicious meals and great conversation. Then we celebrated last year's achievements and looked towards what we have planned for 2021. The night also included some friendly competition with a couple of rounds of trivia and ended with some good new-fashioned…
Whether you are considering a career in Real Estate or considering a change in your career, you might be wondering what a team is or if you should join one.
Sheldon Johnston and Sara MacLennan were live across our social channels yesterday discussing the pros and cons of joining a team, what you can expect from a team, important considerations when choosing a team or brokerage to work with as well as our approach here at Liv Real Estate®.
We break it all down for you in this blog post, and the video is linked at the end for those interested in catching the replay.
To succeed in real estate for the coming months and years, you will need to step up your mindset and find another gear. Right now that means extra forms, extra effort to set up showings, extra precautions when meeting with clients. You will have to sharpen your skills, take a hard look at your business plan, and your expenses. You're going to need to try new things such as video calls and Zoom meetings with clients, virtual open houses, and video walkthroughs. It doesn't need to happen overnight, but you need to adapt.
We've already been in a down market for years, and there are going to be even fewer sales for the foreseeable future; so if you're not willing to accept a lower income, you're going to have to find ways to increase your market share.
Our…
It's astounding how many different business models exist in our highly regulated industry. As a real estate agent, how do you determine which is the best model and brokerage for you?
There are two main business models for brokerages: desk fees and commission split. From there, you can find combination models, employee (salaried) models, multi-level models (where agents are rewarded for recruiting other agents) and more. In general, desk fee or "100%" brokerages charge a monthly fee, a deal fee, and additional fees for just about everything you can imagine from paper clips to training to answering calls. Meanwhile, commission split brokerages share in your success by taking a portion of your commissions (typically anywhere from 10-50%).…