This week's Edmonton Real Estate Market Update provides a much needed relief, presenting a break from the past two weeks' slump. (If you missed last weeks market update, you can catch up here:Edmonton Real Estate Market Weekly Update: Oct 9 - 23 2015.)
As shown in the chart below, New Listings on the Edmonton MLS have improved growing to a high of 274, from a low of 258 from the first week of October. Average List and Sales have improved against that stats of October 16 - 23.
Average Days on Market have stayed constant at 54 while Total Sales grew to 183 from 169 last week.
Now that the election is over, Edmonton Home buyers and sellers are once again active so if you're thinking of selling or buying an Edmonton property, better start working
We'd like to share with you this Tuesday CMHC's Edmonton Housing Market Outlook, Fall 2015 Edition. This material contains valuable information for Edmonton home buyers, sellers and investors.
In today's economic environment, data like this is crucial in order to make sound business decisions. Is it the right time to sell? the right time to buy? or would a rental property be profitable this last quarter of the year?
We hope this CMHC report could help you answer those key questions.
In our previous post, Edmonton Real Estate Market Weekly Update: Oct 9 - 23 2015,we reported that new Edmonton Houses For Sale listed in the Edmonton MLS have dropped significantly, this CMHC market outlook would paint a general picture of the overall market.
Just a friendly reminder this weekend, if you're looking around for a home to buy in the Edmonton MLS.
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Having a great weekend? We hope you do because in our Edmonton Real Estate Market Weekly Updateyou can expect to have a roller coaster ride in the next week ahead (that is, if you're selling your Edmonton home).
This Saturday, we present to you the real estate stats that matter.
We crammed 2 weeks worth of data into this single post to keep you up to speed. In the first graph covering the October 9 to October 16, almost all the key real estate indicators are on the red while the most important is up on the green. Average days on the market is now only at 45 days. That's just a month and half for your Edmonton home to get sold off the Edmonton MLS.
The following week covering October 16 to October 2015, new listings, average list and sale
Thinking of buying an Edmonton condo this October? Then you have a great deal of things to deal with.
This Thursday, we discuss the mistakes Edmontonians from the past and even the present have and are still making when buying an Edmonton condo.
Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
MISTAKE 1: Home Owners Association House Rules & Regulations
First and foremost you have to consider the rules and regulations of the Edmonton condominium before even considering to putting on an offer. Edmonton condominiums for sale have different rules and regulations from one another so don’t mistake them to be uniformed.
With the Listings to Sales Ratio or Absorption rate of single family homes crossing significantly over the 4.0:1 ratio or neutral market threshold to the current 5.17:1, we are now in a strong buyer’s market in Edmonton. This will also put significant downward pressure on valuations which is not to be confused with average selling price.
Average selling price is just an average of all the sales, where valuation is how much home you get for your dollar.
So what does this all mean? Well what this means is that this a great opportunity for buyers to now go out and negotiate some really good deals. So if you are thinking about buying a home in Edmonton now seems like a really good time.
If you are thinking of buying or…
In this not so perfect world, sadly, marriages end. It’s not all love ever after. What makes everything more painful is that you’ll still be stuck with the mortgage the two of you got when you were still a couple.
This Wednesday, we discuss what happens to a mortgage in the event of a divorce.
First and foremost, you have to understand, your mortgage company will consider you as still married and liable for the mortgage. The only time you will be free from this liability is when you sell your Edmonton home.
The most important thing here to remember is, when dealing with this kind of situation, you need to put your emotions aside and aim your attention at getting your finances in order.