Ambergate Edmonton Real Estate Blog

Albany is one of Edmonton’s newer communities and was established in 2009. Situated to the northwest of Edmonton and very close to St Albert. We are proud to offer this luxury level home for sale that backs onto wilderness. 

Click on this link for details: 527 Albany Way for sale. 

To see ALL homes for sale in Albany please click on this link: All Albany Homes for Sale

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Whilst many of our clients face the need to downsize, I would estimate that probably more people push away the decision for as long as they can and some cases forever. If I had a dollar for every senior that said to me “I’m never moving. They can carry me out in a box” I would be a very rich man.

1.  Deterioration of Health

Many physical issues for example breaking a hip (very common) after a fall can be sudden. So can a heart attack or a stroke. Other issues like arthritis and rheumatism can develop over time. Most mind-based issues such as dementia or Alzheimer’s disease creep up on a person until one day that person can no longer live in their home.

2.  Too Many Things to Worry About

Perhaps all it takes is one big snow fall and you no

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Kingswood Village condo kitchen

Kingswood Village a bungalow condo complex in St Albert is very popular with downsizers and professional couples. There is a 45 plus age restriction. However, we have been told that if 18 year olds need to be at home so that they can study this OK. There are pet restrictions but again we have been told that enforcement is liberal in nature. To see of the details of this home that we have just listed for sale please click here: Unit 20 Kingswood Village.

To see ALL condo bungalows currently for sale in St Albert please click here: ALL Condo Bungalows

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Summary:

More condos selling. Prices dropping. Excess inventory disappearing. The condo market is an interesting place right now.

Numbers Sold:

58 more condo units sold across Edmonton when compared to the third quarter of 2018. This confirms that buyers continue to seek out condo living as a lifestyle choice. 

Sales Values:

Condos continued to trade at a discount when compared to last year. On average condo units sold for about 10% LESS than last year, equal to an average discount of about $25,000. Condos have been selling at a discount for the entire year. This is not good news, but as excess inventory dries up this pattern must eventually change. Its beyond the scope of this report to examine the ages of the condos sold, but

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Summary:

The market seems to be strengthening in favour of sellers. Discounts are less than the second quarter. Sales volume is about the same as last year and inventory volume is down.

Numbers Sold:

2304 single family homes sold in Edmonton during the third quarter of 2019. This is 18 more than last year and confirms the underlying demand for homes in Edmonton. 

Sales Values:

Buyers continue to have an advantage but on the whole home sellers did relatively well. Homes during the last quarter sold for only $3614 LESS than last year. Not great but hardly a disaster. This equates to about a 1% discount and when compared to the second quarter when homes sold for about a 3% discount, this suggests the market may be hardening.

 

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In general, there is going to be some benefit to making a move. There will also be some drawbacks. Let’s examine this.

Pros to Moving

  1. You get an opportunity to lose the stairs in your home & perhaps all of the yardwork & snow clearing

  2. You have a chance to free up your equity for other things

  3. You can move nearer to your family

  4. You can travel

  5. Perhaps you can move to a safer or quieter area

Cons to Moving

  1. You may have to get used to a smaller living space

  2. You may have to give up some of your (unused) possessions

  3. You may have to find new service providers i.e. hairdresser, doctor etc.

  4. You may have to say goodbye to your neighbours

  5. Moving can be stressful

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Jean Young of Castledowns was the lucky winner of our prize draw on Saturday. Jean is entitled to a FREE home selling package worth $7100.

We look forward to assisting Jean with the sale of her home.

Congratulations Jean :)

About the author:

Stuart Neal is an accredited Seniors Real Estate Specialist (SRES®). Many of his clients are downsizers. You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR®

Want more information about our lower cost FLAT FEE home selling programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014 or visit our home sellers page www.FlatFeeRealtyAdvisors.ca

 

 

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Do you want to sell your home? Are you afraid that you have waited too long? Don’t despair. For many home sellers this is the perfect time to sell and get top dollar. Let’s discuss why.

 

Here are 5 reasons why you should sell now:

1. The market is strong

Based on last year’s numbers, almost 2300 homes and condos will sell before December 31st, 2019, (excluding other areas like Sherwood Park and St Albert). This represents around 20% of ALL homes and condos sold during the entire year.

2. Less competition

October is when many home sellers leave the market. The change in leaf colour, the first frost, the first snow fall. These are stimuli that make many sellers give up until Spring. If you have your home for sale now, you will have

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Edgemont in the south west segment of Edmonton is fast emerging as one of the more popular newer communities. We are proud to present this lovely home for sale with a walkout basement. For details please click on this link: For Sale 827 Eagleson Link NW Edmonton T6M 0V5.

To see ALL homes for sale in Edgemont please go this link: All Edgemont Homes for Sale

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In my last blog To Move or Not we looked at some general questions you might want to ask yourself.

This time around we encourage you to ask a few more pointed questions to see where this might lead you. Here they are:

  1. Have you or your loved one been involved in a fall recently? If you live in the Edmonton area as I do, this is not only a worry it’s a distinct possibility for about 5 months of the year.

  2. Are you finding it harder to bathe or use the bathroom facilities?

  3. Are you becoming more worried about being alone in the house and having in accident or a health issue of some kind for example a heart attack or perhaps fainting?

  4. Are you worried about the onset of mental or physical deficiencies for example:

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