Stuart Neal's Real Estate Blog - Stuart Neal

May Condo Market Report

May Condo Market Report

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

Sales Prices

Sales values for condos remain flat. This is surprising as they represent great value when compared to single family homes. In my view condos are a bargain and still a great buy from a stability perspective. Based on the mid term performance of the condo market you might not gain but you wont lose either.

 Sales Volume

Sales volume has surpassed 2021 every month so far. 2022 was an aberration. There were 585 condo units sold in May across Edmonton up from 570 the year before. The steep growth in condo sales this year suggests that buyers are recognizing the hidden value of condo product, when compared to single family…

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May Single Family Market Report

May Single Family Market Report

The May market delivered a solid performance. And prices hit their highest level for 2023.

Sales Prices

In May 2023, average sales prices were around $484,000 slightly above May 2022 sales values of $483,000 and $26,000 UP on May 2021. When compared to 2021 that’s a 6 percent increase in values. Interest rate increases have had no tangible effect.

Sales Volume

Don’t let this graph fool you. Just look at how steep that line is. Single family housing is popular. Post Covid we witnessed unusually high sales numbers. However, 2023 sales volumes are at pre Covid norms.

Days on Market

 Average days on market in May 2023 was 40 days compared to 24 days last year and 27 days in 2021. The…

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Should You Downsize?

With rising costs, inflation, & uncertainty, many homeowners want to downsize.

Downsizing your home will lower your living costs, power, maintenance, yard work, taxes, insurance, & much more.

Downsizing not only reduces your monthly expenses but it frees up time. It takes half the time to clean a 1500 sq. ft. house; then it does a 3000 sq. ft. house. It takes half the time to mow a half-acre than it does an acre.

So, many people are real estate rich & bank account poor.

I'm seeing our clients list & sell their homes & downsize into a better-suited home. Many of them make so much money on the sale, they buy with cash.

In many cases, they find a place that is newer, nicer, & better quality than the one they have & for a fraction of the…

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Attention -Notable Home Coming Soon! - 11108 64 St NW, Edmonton, AB T5W 4H1

Notable Home Coming Soon! - 11108 64 St NW, Edmonton, AB T5W 4H1 

COMING SOON! This home will be on the market over the next week or two.

We expect that the asking price will be circa $900,000.

If you want to see inside this home, please call this office at 780-760-2014 x3

Perfect for the discerning family or perhaps a professional couple that enjoy the benefits of a larger home. This home will be available with immediate possession and it is situated on one of the nicer lots in Highlands.

The current owners came to Edmonton from out of town with the intention of living in the home for many years, but their plans have since changed.

Over the last year, the current owner has invested approaching $300,000 renovating the home to…

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3 Things You Can Do to Enjoy a Beast of an Open House

If you want to avoid standing around for 2 hours doing nothing at your next Open House. Do these 3 things:

 1. Get it advertised on Realtor.ca and your social media accounts

 2. Door knock 5 homes to the left and 5 to the right, plus 10 opposite. Leave a flyer every time.

 3. Use enough directional signs so that you can ‘sign it in’ from the nearest main road.

 Want More?

Learn on You Tube: Stuart Neal, Edmonton Real Estate Career Coach.

Go to Facebook: Stuart Neal, Edmonton Real Estate Career Coach Facebook.

Read Stuart’s bio: Stuart Neal, Career Coach, Team Lead, Broker & REALTOR®

Start your real estate career. Call Stuart at: 780-760-2014 ext. 3 or go to our Careers page - Ambergate Realty Advisors Team Careers.

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Please Welcome Kevin Hart

We are delighted to welcome Kevin to our team.

Kevin describes himself as a very hard and dedicated worker. Kevin is proud of the the fact that he has always been able to climb the ladder into a supervisor/boss role in every job that he has held.

Kevin prides himself on having the ability to make something out of nothing. Kevin also strives to be a good communicator and a very good problem solver.

On his free time, he likes to play lots of hockey/football and a whole variety of sports. He enjoys going to the gym, driving to the mountains, hanging out with his family.

And one day Kevin would like to buy his dream car, a 1967 gtx Belvedere.

Kevin is looking forward to helping you with your home ownership needs. 

About the author:

…

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Please Welcome Bryan Smith

We are pleased to welcome Bryan Smith to our team.  

Bryan is married and has 3 children. Bryan and his family love to take the dog to the park, the beach, skiing and hiking in the mountains. Bryan is also training to run a 10k this summer which will be a great new experience for him.  

Bryan has many years experience in various sales roles, and he brings his client focused attitude to the real estate world. His long-term goal is to buy a condo somewhere fun for the family to enjoy. Costa Rica? Hawaii? Canmore? Any suggestions?  

When not working, Bryan and his family the outdoors. They love to travel; the world is amazing and so much to see or learn by visiting other places. Sitting around the fire on a Saturday night in summer is…

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April Condominium Market Report

April Condo Market Report

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

Sales Prices

Sales values for condos are still sluggish, which is surprising as they represent great value when compared to single family homes. In my view condos are a bargain at this time.

 Sales Volume

Sales volume has surpassed 2021 every month so far. 2022 was an aberration. 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 the summer months of 2023.

Days on Market

Condos sold in only 50 days on average in April 2023 compared to 46 days in April 2022.…

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April Single Family Market Report

April Single Family Market Report

The April market delivered a solid performance.

Sales Prices

In April 2023, average sales prices were around $478.000, down on 2022, but around $20,000 UP when compared to April 2021. When compared to 2021 that’s a 4 percent increase in values. Values should peak in May or June and then soften as the year matures…

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. We expect sales volume to climb further in May and peak in June, as we enter the traditional spring market.

Days on Market

Average days on market in April 2023 was 43 days compared to23 days last year and 33 days in 2021.…

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What are the3 Most Popular Renovations in 2023?

Based on current trends, the three most popular renovations for home buyers are:

1. Kitchen Renovations:

A kitchen renovation is one of the most popular home renovations for home buyers. Upgrades to appliances, cabinets, countertops, and flooring can modernize the space and add value to the home.

2. Bathroom Renovations:

Another popular renovation for home buyers is a bathroom renovation. Improvements to the shower, tub, vanity, and lighting can make the space feel more luxurious and functional.

3. Outdoor Space:

Many home buyers are also looking for outdoor living spaces, such as patios, decks, and outdoor kitchens. These spaces can expand the usable square footage of a home and provide a place for relaxation and entertaining.

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