November Single Family Market Report

Single family home prices stay higher in November.

Sales Prices

Sales prices continue to climb. In November 2023, average sales prices settled at almost $458,000 down slightly on the month before, but up by $8,000 compared to November 2022. For the last 5 months, sales values have equaled or exceeded values for the same time last year. The single-family home market is trending up. When compared to 2022, average prices are 3% up based on average sales value.

Sales Volume

 

 

Around 770 homes sold in November 2023 compared to 570 homes in November 2022. For the last 6 months sales volume has easily matched or exceeded volume for 2022.

Days on Market

 

Average days on market in November…

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November Condo Market Report

The Edmonton condo market is alive and well. Sales volume is very strong. Prices remain moderate.

Sales Prices

Condo sales prices softened in November in line with seasonal trends. The average price paid was around $205,000. Condo buyers were able to drive a hard bargain in November. This is around $10,000 LESS than this time last year or 5% down. The last half of the year has seen prices improve. However, buyers were winning big discounts in the spring and this drives down average prices for the yeear. For the entire year, we expect the average prices for condos to be around 4% less than in 2022.

 

Sales Volume

There were around 440 condos sold in November compared to around 290 units sold in…

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How to Sell a Home Now & Move Later!

Do you know of someone that would really like to sell a house or condo but is putting it off until the spring?

Perhaps you would share this information with them?

 

Would you enjoy the certainty of selling your home on your terms without actually moving?

Would it be helpful to pull your equity out of your home or condo to pay off urgent debts?

Are you uncomfortable selling your existing home before you have a new one selected?

Would it help if you knew exactly how much money you have to invest in your next home?

Why not take the pressure off?

Consider a sale & leaseback.

How would this work?

Sell your home to a buyer today at a certain price & with a possession date in the mid to long…

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3 Reasons Why Waiting to Buy Your Home in the Spring Could be a Huge Mistake

Most of us would prefer not to move home when it’s cold and snowy. Some buyers have told us they want to delay their move until the Spring. That decision could be a HUGE mistake.

  1.            Interest Rates Are Not Going Down

The Bank of Canada intends to reduce interest rates IF it can. Most experts agree that if interest rates are lowered it will not be by very much. There is also the possibility they will go UP before they come down. If you can afford to buy a home you like at today’s interest rate, why not just buy it?

  1.                You May Miss Out to Other Buyers

Want to wait for that ‘cream-puff’ home that will be listed in the spring? Line up.…

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October Condo Market Report

The Edmonton condo market is HOT. Prices are lifting and sales volume continues to grow at impressive levels.

Sales Prices

condo prices october 2023

Condo sales prices climbed again for October 2023 at an average price of almost $230,000. This is 10% up over the same month last year and the highest prices all year.

Sales Volume

 

There were over 460 condos sold in October compared to around 300 units sold in October 2022. This represents an increase in volume of 48%. This is the 6th consecutive month of volume sales growth.

Days on Market

Condos sold for an average days on market of only 54 days. This is faster than the previous 2 years at 55 and 63 days. Buyers are selecting condo units quickly and with confidence. 

…

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October Single Family Market Report

Single family home prices stay higher in October.

Sales Prices

October single family prices edmonton

Sales prices continue to climb. In October 2023, average sales prices settled at almost $464,000 down slightly on the month before, but up $14,000 compared to October 2022. For the last 4 months, sales values have equaled or exceeded sales values for the same time last year. The single-family home market is trending up.

Sales Volume

Sales volume over last year was up by 21% and the month before was 22% up That’s right, fully a third more homes sold. Around 841 homes sold in October 2023 compared to 693 homes in October 2022. 

Days on Market

Average days on market in October 2023 was 42 days. This is 6 days faster than last…

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Jo Green talks about Stuart Neal & her experience

Google 5 Star **** Review

Jo Green talks about her experience of working with Stuart Neal

My husband and I first started speaking to Stuart over a year ago, when we were living in the UK.

We had all our plans in motion to move to Canada and found Stuart on a Facebook page. We started chatting generally about houses in the areas we could afford and what we were looking for, but as emigrating was a long process, we waited a while to reach out again.
Once we found out we had weeks to move from the UK, we contacted Stuart with (what seemed to us) a rash decision to buy house without even viewing it.
In the UK house prices are so very expensive, we believed that the house we had found was a rare gem and would go before we even arrived and our ideal first home…

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In the Edmonton area condos are extremely undervalued when compared to single family homes. Single family home sales values have long recovered from the last crash in 2008. Condominiums have not, making them a bargain in comparison. There are also some advantages to consider.

  1.        Lower Maintenance and Repairs:

Condos typically require less maintenance and upkeep compared to single-family homes. Many maintenance tasks, such as lawn care, exterior painting, and roof repairs, are often the responsibility of the condo association. This can free up your time and reduce the financial burden of major repairs, as the costs are shared among condo owners through association fees. In contrast, single-family homeowners are solely responsible for all…

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Lee Halls talks about his Ambergate Realty Advisors experience

Google 5 Star **** Review

Lee & Suzanne

My Wife & I recently had the pleasure of working with Stuart Neal, an incredible realtor, and his associate, Holly Taylor, who provided exceptional assistance throughout the sale of our home and the purchase of a new one. From start to finish, their professionalism, knowledge, and dedication made the entire experience smooth and stress-free.

Stuart's expertise in the real estate market was evident from our very first meeting. He patiently listened to our requirements and preferences, ensuring that he had a thorough understanding of what we were looking for in our new home. His attention to detail and ability to keep our best interests in mind…

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Google 5 Star ***** Review

Mahabubur Rahman

 

I contacted Stuart approximately a year ago about selling my property. My property was sold out just after a day in the market! I am pleased with his expert services. I would recommend him for anyone who is looking for a professional Realtor.

 

About Ambergate Realty Advisors

Our proven & FULL VALUE home selling system is designed to give you the best possible outcome. Our goal is to never charge you more than we need to, but never less than we should.

To learn more call our founder Stuart Neal at: 780-760-2014 or visit our program page www.FixedFeeRealty.ca

Learn how you can make the rights choices when you buy or sell a home SUBSCRIBE to Stuart Neal – Real Estate Advice.

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