Timing the real estate market can be a tempting strategy for both home buyers and sellers, but it comes with both pros and cons.

Pros of timing the real estate market:

  1. Potential for a better deal: If you can accurately predict when the market is going to decline, you may be able to buy a home at a lower price. Similarly, if you can predict when the market is going to rise, you may be able to sell a home for a higher price.
  2. Faster sales: If you time the market correctly, you may be able to sell your home more quickly. In a hot market, properties tend to sell faster, which means you may be able to close the deal and move on with your life sooner.

Cons of timing the real estate market:

  1. Risky strategy: Timing the real estate market is…

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We are delighted to have Holly Taylor join our team and you will be well served if she assists you with your home buying or selling journey.

Originally from the UK, Holly moved to Canada nearly 7 years ago.

She now has 2 beautiful children, an amazing partner and a little dachshund called Winston.

Holly came from property management to real estate and she is no stranger to helping people find a place to call home.

She enjoys building connections with people from all walks of life.

In her spare time, Holly enjoys family activities such as swimming, playgrounds and skiing. Holly also likes to go to the gym, she roller skates, or she enjoys a book with a good strong cup of tea.

Holly would hope to make your home search fun and a…

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Available with immediate possession & situated on a quiet street in leafy Highlands this 3-bedroom, 3-bathroom  one and a half storey home would be perfect for first time home buyers, a professional couple or perhaps a small family. The home offers many lovely & original features. Improvements include ginger maple hardwood floors, new windows & raised beds in the back yard. The basement is fully finished & offers a bathroom with jet tub too.

Lots of potential in this lovely home. Comes with all appliances & window coverings where installed.

 

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March Condo Market Report

The Edmonton condo market remains stable and with increased sales volume.

Sales Prices


Values for condos remain sluggish. Sales values are down when compared to the previous 2 years. This could be a great opportunity if you are a buyer.

 Sales Volume

Condos are so affordable when compared to single family homes at the current time.

The steep growth in condo sales this year suggests that buyers are recognizing the hidden value of condo product, when compared to single family homes.

I would expect that this growth curve will continue into 2023.

 Days on Market

Condos sold in only 55 days on average in March 2023 compared to 51 days in March 2022. In my opinion, this confirms the underlying…

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March Single Family Market Report

The March market delivered a solid performance.

Sales Prices


In March 2023, average sales prices were around $459.000, down on 2022, but around $9,000 UP when compared to March 2021. When compared to 2021 that’s a 2 percent increase in values.


Sales Volume

Don’t let this graph fool you. Post Covid we witnessed unusually high sales numbers. However, 2023 sales volumes are at pre Covid norms. In March 2019 just over 600 homes sold. In March 2023 over 820 homes sold an increase of 36%

We expect sales volume to climb in April through June, as we enter the traditional spring market.


Days on Market

Average days on market in March 2023 was 49 compared to 27 last year and 36 in 2021.…

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1. How Can You Guarantee I Don’t Miss Out on My Dream Home?

Ask questions of the REALTOR®. Ask them about their process. Ask them how they can ensure you see ALL homes for sale, not just those on the MLS® System, but off market homes and other homes about to come into the market. Anyone can show you newly listed homes on the MLS®.

It’s off market homes, or perhaps older stale listings that offer the best opportunities.

2. How Can You Protect Me From Buying the Wrong Home?

Purchasing a home is risky emotionally and financially. Its not a decision that can be easily undone if you make the wrong choice.

Ask your prospective REALTOR® to take you through their consultation and home selection process. Our process takes time and involves…

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This is one of the perhaps the most unique and interesting markets I have ever seen in my 20 plus years in real estate.

When we are advising potential home sellers or even buyers, we might look back at comparable sales prices for the last 90 days as a predictor, or perhaps current values. In some cases, we might look at a similar time frame, but a year back.

Pricing a condominium is pretty straightforward. Sales values are essentially flat and have been for several years. Establishing a price according to last month’s values, won’t be too far off.

Its single-family housing that is more complicated!!!!

Now that the first quarter of the 2023 is almost completed, we can understand the market better. Single family housing is closely tracking…

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An exclusive Ambergate Realty Advisors listing. This home may not yet be on the open market. To view it first, contact us today.

To see ALL homes listed for sale in Trumpeteer click this link: ALL Homes listed.

Available with immediate possession & situated on a larger landscaped lot in the popular Trumpeter community, this triple garage, 3 bedroom 3 bathroom home would be perfect for a car enthusiast, a large family, or perhaps a professional couple that enjoy space inside & outside the home. On the main floor you will enjoy an open floor plan including a living room with cosy fireplace, a gourmet kitchen, garden doors out to the deck, a bathroom & laundry. The upper floor features a very large master with 5 piece ensuite featuring a claw foot…

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Would it be smarter to buy a home now?

Or wait and perhaps buy a smaller or less attractive home later this year?

In early March, the governor of the Bank of Canada Tiff Macklem confirmed that for now, interest rates will not be going up. This is the first time a statement like that has been made in a year*.

That means the prime rate which is the rate at which your bank can borrow money to lend to you is 4.5%.

In the USA, its currently 4.75% and some investors are saying that it could go up to 5.5% by June 2023. This would happen because inflation is climbing in the USA.

A gap this big could devalue the Loonie against the US dollar, at which point the Bank of Canada may need to increase interest rates to encourage continued interest…

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The Edmonton condo market is showing signs of recovery.

Sales Prices

Whilst condos traded for less money in February 2023 when compared to 2022, prices were around $2,000 UP when compared to February 2021. And prices are around $5,000 UP in February compared to January 2023.

We expect to see condo prices improve as we hit the spring market.

Sales Volume

The steep growth in condo sales this year perhaps suggests that buyers are recognizing the hidden value of condo product when compared to single family homes.

Condos are much more affordable when compared to single family homes at the current time.

I would expect that this growth curve will continue into 2023.

Days on Market

Condos sold in only 63 days on average…

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