Edmonton’s Macewan Area Real Estate Listings and Sales statistics from your Team Leading Edge Macewan specialist… Serge Bourgoin
To view and search all Edmonton and are MLS listed homes for sale visit us at www.EdmontonHomesForSale.biz
Edmonton’s Magrath Heights Area Real Estate Listings and Sales statistics from your Team Leading Edge Magrath Heights specialist… Serge Bourgoin
To view and search all Edmonton and are MLS listed homes for sale visit us at www.EdmontonHomesForSale.biz
From your Team Leading Edge MacTaggart specialist… Serge Bourgoin
To view and search all Edmonton and are MLS listed homes for sale visit us at www.EdmontonHomesForSale.biz
From your Team Leading Edge Windermere specialist… Serge Bourgoin
To view and search all Edmonton and are MLS listed homes for sale visit us at www.EdmontonHomesForSale.biz
Do you want to find out the value of the homes selling in your neighborhood? Come and use our free tool to get reports on the list and selling prices of homes in your area.
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www.homeinsight.com/Widget/default.asp?14MKQF165SZV
www.EdmontonHouseValuesOnline.ca
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Bank of America has again revised up its home price forecast to 8 percent for 2013, up from 4.7 percent.
This is after a 7.3 percent rise in 2012.
In a new report titled “Someone say House Party?”, BAML’s Chris Flanagan, Michelle Meyer, and Justin Borst write that “a positive feedback loop has begun”. Basically, when people think home prices are rising, they think they will keep doing so and credit conditions will improve, and this in increases demand for homes.
And there’s proof of this. Fannie Mae‘s latest survey shows that 48 percent of respondents believe that home prices will rise over the next 12 months, only 10 percent forecast a fall.
“It is a powerful positive relationship especially in this environment of historically low interest rates and a Federal Reserve determined to keep policy accommodative.”
Read more: http://www.businessinsider.com/baml-us-home-prices-to-rise-8-2013-3#ixzz2NSvpIyOb
There’s a long list of ingredients needed to sell your home quickly. Obviously, you want to make your home as clean and uncluttered as possible. You should also make sure any outstanding repairs are done. And, of course, all the little things you can do to make your home “show” well are important, too.
But the number one ingredient needed to sell your home quickly is the right price tag. If you set the price of your home just right, buyers will come to see it, and there’s a good chance you’ll get some good offers. If you price your home too high, however, few buyers will take an interest in your property and it might languish on the market for months. Worse, it might not sell at all.
So how do you determine the right price at which to list your home?
One of the best ways is to do an analysis of what similar properties in your area have sold for recently. What people are actually paying for homes like yours — in neighborhoods like yours — is the best indicator of the true market value of your home.
Want to find out what your home’s price tag should be in today’s market? Call today 780-634-8151.
The market is really heating up in Edmonton. Tonight I wrote an offer above asking price on a property that only been on the market for 2 days and we were not the successful bidder. You need to act fast and possible significantly above asking price.
To view and search all Edmonton and are MLS listed homes for sale visit us at www.EdmontonHomesforsale.biz
Edmonton, March 4, 2013: The REALTORS® Association of Edmonton reports that the housing market in the Edmonton CMA1 remains active. Residential listing activity was up 10% as compared to January and sales increased by 18.2%. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 4.3% in a month.
While the average price for a single family detached home broke through a psychological barrier at $400,973 in February ($399,832 in January), it was up just 0.3%. Condo prices showed stronger gains, rising 7.3% from January to $231,866. Duplex and rowhouse prices were also up month-over-month at $332,285 on average. The all-residential average price was $342,735 (up 2.9% from February 2012).
“REALTORS® were busier last month than in January both listing and selling more homes,” said President Darrell Cook. “As usual, sales activity will continue to increase as we move into spring. The inventory of available homes has increased and we expect hesitant sellers to come onto the market in the face of continuing strong prices.”
The pattern of sales in various price ranges has changed this year. “Confidence in the strength of our local economy and a shortage of attractive properties at the lower end of the price range are both moving consumers to consider higher priced properties,” said Cook. Sales of properties priced $425,000 to $550,000 have increased 19% so far this year, whereas sales of properties in the $200,000 to $375,000 range are down 9.6% compared to the first two months of 2012.
As of February 28, 2013, there were 4,183 residential properties listed in the MLS® System which reflects a 4.14 month supply at current sales levels. The days-on-market was 57 as compared to 53 last year. With an estimated 1,089 (1,008 reported) homes sold and 1,995 homes listed in February, the sales-to-listing ratio was 55%, up 4% from a year ago. Total Board sales for February were $470,309,954.
The figures above represent the sales in the Edmonton CMA1 as defined by Statistics Canada and includes the City of Edmonton and all municipalities in the four surrounding counties of Parkland, Sturgeon, Leduc, and Strathcona. Sales figures for February 2013 have been adjusted to anticipate sales during the month which will be reported after the data cut-off so as to compare more accurately with prior period figures.
REALTORS® in the Edmonton CMA and surrounding areas (including St. Paul and Cold Lake) contribute actual negotiated list and sale prices on a daily basis and are the most reliable source of pricing data in each local area and the entire market.
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