Edmonton and Surrounding Areas as of April 3, 2012:
The month-end Multiple Listing Service® sales figures for the month of March 2012 released by the REALTORS® Association of Edmonton yesterday revealed a strong showing for Single Family Dwellings and Duplex style properties, but a slight dip or retraction on the average condo prices. The all-residential average* sales price of $335,187 ...
Posted by Guy Pelletier
on April 3, 2012
FORECAST
A 6-7% growth in the real estate market shouldn’t be a stretch, taking into account that our average residential price* is only at $364,803 (for the period ending Dec 31st 2011) and with the lower interest rates and the spring market upon us, we should most likely see a $389,000 to $390,000 average residential selling price by May/June 2012.
The surprising thing is that the Buyers ...
Posted by Guy Pelletier
on January 20, 2012
For the most part The City of Edmonton, St. Albert and Surrounding Areas have been very resilient despite all the uncertainty that abounds.
Since January of this year the average* price of a single family detached home has risen from $357,540 to $379,409 while the all-residential price has risen from $308,497 to $330,297. A stronger showing in prices rising consistently as compared to the levels ...
Posted by Guy Pelletier
on July 5, 2011
About our 2011 Forecast:
Our prediction was:
"We should begin to see an increase in values for single family detached properties commencing January 2011 with gains of up to 4% by the end of April 2011"
The Outcome is:
The real estate market has surpassed our earlier prediction by a 1.17% margin...as of the beginning of April 2011 we have a 5.17% increase in the Average selling Price in ...
Posted by Guy Pelletier
on April 4, 2011
Edmonton, February 2, 2011:
In Residential Properties:
1st Star: Single family homes (SFD)
2nd Star: Condos
3rd Star: Duplex/Rowhouse Property
The Hardest hit Properties by Sub Type in January 2011 was the Condo and the Duplex/Rowhouse Property. The average Condo price was $220,993 in January as compared to $233,529 in December 2010. Duplex and rowhouse prices also dropped on average ...
Posted by Guy Pelletier
on February 2, 2011
Forecast:
From an analysis of current Real Estate Market Trends in our area and past historical data, our prediction is that we should begin to see an increase in values for single family detached properties commencing January 2011 with gains of up to 4% by the end of April 2011; especially with the good news just released by Governor Mark Carney of the Bank of Canada that he will keep the ...
Posted by Guy Pelletier
on December 9, 2010
A big jump in housing prices, sales and listings in March, 2010 are the right ingredients to pave the way for renewed enthusiasm for the St.Albert, Edmonton and Area Market Place.
I am quite amazed at what the historical numbers reveal in relation to where we are today.
Now would be a good time to invest in properties that people are tired of holding and are willing to take up to $50,000 ...
Posted by Guy Pelletier
on April 17, 2010
February 2010
St. Albert, Sturgeon County, Edmonton and Area.
Overall Real Estate Prices in the St.Albert and Edmonton area have remained stable through February 2010 due in part to a better performance by the average Duplex and Rowhouse properties, Single Family Dwellings and Acreage with Homes.
There has been an increase in sales activity in February as compared to January 2010 indicating ...
Posted by Guy Pelletier
on March 2, 2010
It’s surprising when you look back and realize that despite the ups and downs in the marketplace in general, the Single family home, Condominium, duplex/rowhousing and Country Residential/Rural Sales Prices have been fairly stable since the values dramatically increased from 2006 to 2007.
For example,
FOR RESIDENTIAL Single Family, Condominium, Duplex/Rowhouse, Vacant Lots ...
Posted by Guy Pelletier
on February 5, 2010
St. Albert, Edmonton, Sturgeon County and Area
All indicators point to a very likely increase in the value of properties in the St. Albert, Edmonton and Area despite a probable slight increase in interest rates on the horizon.
We are currently experiencing a decline in inventory levels and a surge of buyers; there were 1,118 homes listed in December 2009 and 948 Units Sold resulting in a sales-to-listing ...
Posted by Guy Pelletier
on January 11, 2010