Ambergate Edmonton Real Estate Blog

Many of our clients are downsizers. One of the options that we suggest to our clients as they seek to simplify their lives, leave home maintenance behind and in some cases reduce costs, is to move into a condominium and to sell their single-family home.

One of the interesting phenomena I have noticed is the aversion that many clients have to selecting a ground floor condo unit. The overriding fear seems to be that ground floor condo units are more susceptible to crime and in particular burglary. I have never seen any evidence that this fear is grounded in reality. For sure some areas of Edmonton, St Albert and Sherwood Park may be more prone to crime than others and its possible to review crime stats by area online. It’s a good idea to compare

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Riverdale is one of the most popular communities in Edmonton. It’s close to the river valley trails and yet so close to downtown. There are mature trees everywhere. To see the details for our newest listing please click this link: 2 bedroom unit for sale with river valley views.

To see ALL condos for sale in Riverdale click this link: ALL Riverdale Condos for Sale

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Summary:

The number of condos sold this year was about the same as in the first quarter 2018. However, most units were selling at a discount. Do we see light at the end of the tunnel? If inventory levels tighten up, yes we do.

Numbers Sold:

In total, 653 condos sold in Edmonton during the first quarter of 2019. This compares favorably with last year when 765 condo sold. A difference of 112 units sold. Whilst this proves the underlying demand for condo homes in Edmonton, it’s also lower than last year. Perhaps some potential condo buyers are purchasing a single- family home instead due to exceptional affordability at this time?

Sales Values:

For the first quarter condo homes continued to trade at a discount when compared to

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Summary:

The number of homes sold this year was about the same as in the first quarter 2018. However, most homes were selling at a discount. Do we see light at the end of the tunnel? If inventory levels tighten up, yes we do.

Numbers Sold:

In total, 1514 single family homes sold in Edmonton during the first quarter of 2019. This compares favorably with last year when 1674 homes sold. A difference of only 160 homes sold. This proves the underlying demand for single family homes in Edmonton.

Sales Values:

For the first quarter single family homes continued to trade at a discount when compared to last year. Most homes sold for about 6% LESS than last year, equal to an average discount of about $27,000.

Days on Market:

For

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If you have been sitting on the fence about purchasing a home, this could be the time to get off it. Here’s why:

1.  Its Cream Puff Season!

In our industry we sometimes refer to the very nicest homes as “cream puffs”. When do you think the nicest homes come up for sale? Right about now. Put yourself into the shoes of a seller. If you had the nicest home in the neighbourhood, when will it show best? Typically, between the months of May and August is when homes look best. There is lots of natural light and the yard will look amazing. As a seller, when do most buyers pick their next home? Between May and July is when many homes are sold in the Edmonton area. If you have been looking for that ‘cream puff’ home, you had better start shopping soon.

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Many of our clients are downsizers. If you have lived in your home for many years, there is a very strong possibility that you will find the process of downsizing, selling off surplus household items and going through the home selling process stressful and overwhelming. However, if you assemble a team of competent professionals to assist you with each step, it should go a whole lot easier and before you know it, you will be relaxing in your home and enjoying life once again. Please consider the following steps.

1.  Stop Calling It Home

Let go of your former home. The first red flag when I’m talking to a potential selling client is how they refer to their current address. If they refer to it as ‘home’ too often we have some work to do. For best

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Situation

Betty and her husband Erin purchased a business in Lethbridge. This life event encouraged them to sell off some of their real estate holdings in Edmonton in order to free up some cash for purchasing a home in Lethbridge.

To start with, Betty hired a traditional high commission REALTOR®. The REALTOR® was not able to find any suitable buyer candidates.

Betty knew that the market for her condo was limited because it was possible to purchase a stand-alone single-family home for a lower or similar price to what she needed, in order to break even.

Betty therefore started to look around on the internet for alternative FULL service, but lower cost realty service. Betty found our website and quickly realized that the flat fee program

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We are pleased to present for sale another lovely value priced home close to our office here in Highlands. Highlands and Bellevue continue to very popular communities and selling prices are often higher than elsewhere. We are pleased to present for sale a home that almost anyone can afford. You can read more by clicking on this link: Highlands Home for Sale.

To view details for EVERY home for sale in Highlands click on this link: Highlands Homes for Sale.

 

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Ambergate Realty Advisors is pleased to continue to add diversity to our team. Bohdan has worked as a REALTOR® for many years and he brings with him a wealth of real estate experience.

Bohdan has lived in the Edmonton area for his entire life, owning homes in Fort Saskatchewan, Sherwood Park, and Edmonton. He currently lives near the Valley Zoo with his lovely wife Maria, his cat Winston, and his dog Dash. Bohdan graduated from the University of Alberta in 1979. He also keeps the designation of Associate Broker with the Real Estate Council of Alberta. He’s worked in the customer service industry for over 40 years and as a real estate agent since 2004.

You can read more about Bohdan and contact him by clicking here.

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