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Blog by Sara Kalke

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Strong Spring Ahead: Latest News Release

March 6th, 2013
Here's the latest news release from the REALTORS® Association of Edmonton.  We're seeing the usual increase in sales activity and strong price gains especially for condos (which often means that for the month, more expensive condos were purchased, rather than all condos gaining in value by 7%).  In any case, solid market activity suggests a strong spring ahead, with plenty of activity.

Buyin ...
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Posted in Edmonton Market News

Interest Rates Unlikely to Rise

January 23rd, 2013
Bank of Canada Maintains Overnight Rate... Again!

Here is some information on the latest news about interest rates, courtesy of Eva Neufeld with Mortgage Tailors (full article from Eva is below).  A few items stand out to me:
  1. The prime rate remains at 3%.
  2. The Bank of Canada doesn't expect the economy to reach full capacity until the second half of 2014.
  3. Any increase to the prime rate sin ...
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Posted in Edmonton Market News

Edmonton Real Estate Forecast 2013

January 9th, 2013
The latest Edmonton real estate forecasts for 2013 are rolling in.  Predictions vary but are generally moderate.  Royal LePage is predicting a 1% increase (click here for the full Edmonton Journal article),  REALTORS® Association of Edmonton President Darrel Cook is predicting 2% increase for houses and 1% increase for condos in greater Edmonton, and CMHC's David Lan is predicting a 2% increa ...
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Posted in Edmonton Market News

City of Edmonton tax assessments 2013

January 2nd, 2013
It's that time that homeowners either love or hate: property assessments are being mailed out today from the City of Edmonton.  The City's interactive map shows how much the City believes your neighborhood's value has changed as of July 2012 (the City assessments are intended to reflect market value on July of the previous calendar year). 

A few items of note:
  1. Assessment value IS NOT necess ...
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Posted in Edmonton Market News

Prices Up, Sales Activity Remains Steady in November

December 4th, 2012
Prices Up, Sales Activity Remains Steady in November

Edmonton real estate market statistics are out for November 2012 from the REALTORS® Association of Edmonton (full news release is below).  Here is my interpretation of the data, including a few items that aren't hi-lited in the news release.

  1. Average sales prices are up about $10k from last month. At first glance, it looks like WOW, price ...
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Posted in Edmonton Market News

Solid Winter Market Ahead?

November 3rd, 2012
Strong October Sales, Reduced Inventory Points to a Solid Winter Market

REALTORS® Association of Edmonton has just released their latest sales numbers (full news release below).  Two numbers pop out at me in particular:
  1. Residential sales this month were up 9.40% from the same month last yar
  2. Listing inventory has dropped to 6,406 from the steady 7,000 - 8,000 numbers we have been seeing thro ...
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Posted in Edmonton Market News

Upward Trend! Latest Edmonton Real Estate Market Statistics

September 5th, 2012
The month-end stats are out from the REALTORS® Association of Edmonton.  Not very surprising, sales activity slowed while everyone was enjoying summer with their families and friends. 

Two important things mentioned worth taking special note of:
  1. Prices are UP 3.8% for single family dwellings from the same month last year... very positive!
  2. More higher end homes are selling.  This I believe i ...
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Posted in Edmonton Market News

The numbers explained... June 2012 Edmonton Mrket Stats

July 7th, 2012
Here are the latest statistics from the REALTORS® Association of Edmonton. June sales were strong - I saw and participated in a few multiple offer situations and found many listings were selling quite quickly. However, in a market where homes are sling quickly, it is more important than ever to have the right price and the right marketing for your home in order to avoid it becoming the dreade ...
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Posted in Edmonton Market News

Edmonton One of Most Affordable Canadian Markets

June 5th, 2012
Here are the latest statistics from the REALTORS® Association of Edmonton.  Prices were up across the board and sales activity was strong.  Questions?  Contact me anytime: 780-710-7669 Direct, On Twitter @sarakalke



Housing most affordable in Edmonton

Edmonton, June 4, 2012: Home buyers in Edmonton are facing one of the most affordable markets in C ...

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Posted in Edmonton Market News

Inventory Climbing, Sales Steady: Edmonton Real Estate Statistics April 2012

May 7th, 2012
Here are the latest numbers from the REALTORS® Association of Edmonton.  Inventory continues to rise, which means the competition for sellers is rising as well.  Take the time to listen to your REALTOR®, stage your home, and especially follow their input on your asking price.  The more properties that are out there, the more picky buyers can be.

Happy Selling!
Sara

Edmonton residential hou ...

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Posted in Edmonton Market News

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