Sam: Hi Serge... So Serge what is happening in the Edmonton real estate market.
Serge: Sam I am glad you asked. We have a split market which is something I haven't seen in a long time.
Sam: So what is a split market?
Serge: That's a great question. For a segment of the market we are in a balance and even a seller's market with upward pressure on valuations while in another segment we are in a buyer's market where we are seeing downward pressure on valuation.
Sam: To you expand on that?
Serge: Well Sam currently there were 3,398 single family homes listed for sale in Edmonton proper.
In the previous 30 days we sold 726 single family homes with an average selling price of $434,200
In today's edition of "Everything You Need To Know About Edmonton Real Estate" we have a candid discussion with David Edmiston of Pacestter homes about how this Covid-19 virus has affected the new home industry and what our thought are about the market going forward.
Hey, everybody. Welcome to Everything About Edmonton Real Estate. This is our very first episode. Today, I'm honored to have David Edmiston from Pacesetter Homes joining us today. David comes from real estate royalty. I started working in real estate in 1985 and I started working with his father and I met David since he was 12 years old. David has had real estate in his blood since he was born. David, welcome.
Serge Bourgoin: Hey everyone, it's Serge here again from FindMyHouse.ca eXp Realty with another edition of what you need to know about real estate. Today, I'm with Carl Bosecke, a long time friend of mine and real estate lawyer. We're going to talk about title insurance versus maybe a real property report and compliance. So what can you tell us about that?
Charles Bosecke: So, this is probably one of the most problematic areas in real estate purchase transactions. Real property reports, just as a background, is a survey of the property, which shows all of the structures and improvements on the property. And it indicates all of the dimensions of the size of the structure and the location of the buildings and the structure of the property.
Good day everyone… Hi it is Serge here from FindMyHouse.ca and eXp Realty and this is your Edmonton Single Family Home real estate update for the week beginning Aug 19, 2019
Well as most people can feel out there we still have a weak local economy. The unemployment numbers are still very soft with really nothing to indicate that they are going to change anytime soon.
Now currently there are 4,237 active single-family homes for sale in Edmonton proper. That number has remained fairly stable ranging from 4,200 – 4,400 for the past 90 days.
In the previous 30 days 741 single-family homes sold in Edmonton. That number of sales has been on the decline since our recent peak of 906 sales in the month of June. This is a pretty normal seasonal slow