3 Things We Like About Encore Master Builders


Encore Master Builders was first established in 1985 by Linda and Doug Hoffman.

In 1996 Encore Master Builders and Lincolnberg homes merged and was managed by Mr. Hoffman. During this period, the company experienced rapid growth and constructed around 300 homes. In 1998 the company de-merged and Mr. Hoffman resumed management of Encore Master Builders Inc.

According to the Encore website, in 2011 the Hoffman children purchased 50% of the company shares. In 2017, the balance of the shares was sold and today the company is entirely run by Doug’s children.

Encore Master Builders has successfully constructed over 2000 homes in and around the Edmonton market. And for many years, it was Encore…

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March 2024 Single Family Market Report

Single family home sales volume stayed higher, and prices lifted again in February.

Sales Prices

Single family homes prices climbed to just under $487,000 in March 2024 compared to around $460,000 in 2023, an increase of 6% over the previous year. Due to the shortage of inventory (see supply later in this report) we expect prices to climb even further as the spring market gets into gear.

Sales Volume

 

There were more than 1200 single family homes sold in March 2024 an increase of 50% over March last year. We expect sales numbers to stay high subject to availability of new inventory as more home sellers consider downsizing, or inventory opportunities are presented by the new home builder…

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2024 March Condo Market Report

The Edmonton condo market is alive and well. Sales volume is very strong. Prices are lifting.

Sales Prices

In March 2024 condo sales prices ended 9% up when compared to the same month last year. It should be noted that March last year saw a slight dip in values, so optimism needs to be tempered. However, the value trajectory is unmistakable. Condos in March sold for around $20,000 more than those in January.

Sales Volume

Volume for condo sales during the first quarter was impressive. Almost 1500 units sold during the first 3 months of 2024, surpassing the crazy year that was 2022 when 1430 units sold during the first 3 months of the year. In March there were 640 units posted sold on MLS system compared…

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