2024 February Condo Market Report

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

Sales Prices


In February 2024 condo sales prices ended 3% up when compared to the same month last year. This is a marked improvement over January when condo prices ended at 1% up.

Sales Volume

Volume for condo sales in January and February 2024 is the big story so far this year. There were over 500 units posted sold on MLS system compared to around 350 last year. This represents an impressive 45% lift in sales volume.

This is the 10th consecutive month of volume sales growth.

Days on Market

 

Condos sold for an average days on market of only 50 days compared 63 days last year and 59 days…

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Holly Taylor talks about her experience as a team member

Holly Taylor has been with our team for a year. Here is what she has to say about her experience of being a partner with our team.

1. Reasons for Joining Vital Home Realty Team:

The excellent training and mentoring attracted me even before officially joining.

I preferred a smaller, close-knit team over a large, impersonal brokerage.

Stuart Neal, our Team Leader, played a significant role in identifying and preparing business opportunities for me, allowing me to focus on building client relationships, showing homes, and negotiating purchases.

2. Positive Aspects of My Experience:

Even after almost a year, I continue to appreciate the individual and team training provided.

…

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The 3 Fatal Mistakes That Many New REALTORS® Make

1. Choosing a well known brand name brokerage over a team

2. Failing to take advantage of leads provided by a team

3. Failing to understand the advantages of daily coaching and mentoring by a team leader

Let's delve a bit deeper into each one:

1. Choosing a Well-Known Brand Name Brokerage Over a Team:

Issue: While joining a reputable brokerage is important, relying solely on the brand name without considering the support and mentorship within a specific team can be a mistake. New agents might assume that the brand itself will bring in clients, but success often depends on the resources and guidance available within the team.

Solution: It's crucial for new agents to evaluate both the…

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3 Things We Like About Cantiro Homes

Cantiro Showhome Ambergate Realty

Established back in 1995 as Beaverbrook, the firm Cantiro Homes that we know today was born as the product of an amalgamation of several other firms back in 2020.

The firms formally known as the Beaverbrook Group of Companies (Dolce Vita, MODA, InHouse, Beaverbrook Communities, Beaverbrook Commercial) came together under a new brand.

The 3 things that we like the most about Cantiro Homes is as follows:

1. Self-Guided Home Tours

Self-guided programs are being offered by several builders in the Edmonton area including Cantiro Homes and I suspect it won’t be long before this is the ‘norm’. So, what does this mean and how does it work? In times gone by, the only way you could access a model home was to…

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3 Things We Like About Landmark Homes

Landmark Homes was founded by Reza Nasseri a new Canadian back in 1977. In the 47 years since Landmark Homes was founded, the company has built over 20,000 homes.

Committed to offering customers the highest quality and the best value, Landmark has strived to be at the forefront of market trends and building systems. Landmark is building many home components off site, in a controlled environment to ensure quality and cost effectiveness. Many Landmark homes are ‘net zero’ and at the same time affordable for many modern home buyers.

The 3 things that we like the most about Landmark Homes are:

1. Homes Available for Quick Possession

At the time of writing, Landmark Homes was offering over 30 homes for…

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2024 January Condo Market Report

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

Sales Prices

In January 2024 condo sales prices ended a modest 1% up when compared to the same month last year.

Sales Volume

Volume for condo sales in January 2024 is the big story so far this year. There were almost 350 units posted sold on MLS system compared to around 250 last year and the year before. This represents an impressive 38% lift in sales volume.

This is the 9th consecutive month of volume sales growth.

Days on Market

Condos sold for an average days on market of only 62 days compared 68 days last year and 75 days the year before. Buyers are jumping into condo purchasing with…

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January 2024 Single Family Market Report

Single family home sales volume stayed higher in January.

Sales Prices

Single family homes prices settled at a little over $462,000 in January 2024 when compared to $438,000 in 2023, an increase of 5%.

Sales Volume

The number of single-family homes sold in January 2024 is perhaps the big story. There were almost 730 homes sold compared to less than 500 homes last year and this represents an increase of 51%.

Days on Market

Average number of days on market in January 2024 was only 58 days compared to 61 days last year, a sure sign of buyer confidence.

Supply

In January 2024, there was around 2.6 months of supply, confirming that for the last 12 months, we have been in what…

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3 Things We Like About City Homes

City Homes is a division of the family owned Tacada real estate company with strong Alberta roots. Other Tacada brands that operate in the local market include Daytona Homes, Accent Infills and Carriage Signature Homes.

We especially love the mission of City Homes. Tally Hutchinson, the CEO and son of the founder Ralph Hutchinson puts it this way. “We enable the memories that only shelter, safety and stability can bring. We can never take for granted the immense impact of what we do every day.”

City homes is a volume builder competing in the mid-priced market tier. We have found that that their homes might appeal to first-time home buyers, young families, successful professional people and perhaps even…

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3 Things We Like About Sterling Homes

Sterling Homes is a division of the large Qualico corporation with roots in Winnipeg. Other Qualico brands that operate in the Edmonton market include Pacesetter and Streetside.

Sterling homes is a volume builder competing in the mid-priced market tier. We have found that that their homes appeal to first-time buyers, young families, and perhaps even downsizers.

The 3 things that we like the most about Sterling Homes are as follows:

1. A wide choice of communities

A quick look at the Sterling communities map (click this link) confirms that you can choose to live in any quadrant of the city. You might also choose to go out to Spruce Grove / Stony Plain, Fort Saskatchewan or Beaumont.

2. Are you in…

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4 Reasons to Make Edmonton Your Home in 2024

Edmonton, Alberta, offers a variety of attractions and qualities that make it an appealing place to live. Here are four great reasons to consider living in Edmonton:

Economic Opportunities:

Edmonton is known for its robust economy, driven by industries such as oil and gas, manufacturing, healthcare, and technology. The city is a hub for business and innovation, providing numerous job opportunities and career growth potential. The thriving economy contributes to a relatively high standard of living for residents.

Cultural and Recreational Amenities:

Edmonton boasts a vibrant cultural scene with numerous festivals, events, and attractions. The city is home to the West Edmonton Mall, one of the…

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