Thanks! We’ve been getting good feedback on our new Neighbourhood Profile feature in this monthly newsletter. We didn’t run it this month because we wanted to share 2019 data, look back over the last few years and get you thinking about 2020. The Neighbourhood Profile is back next month, though, so we ask: “Which Edmonton neighbourhood would you like us to profile next?”
Home Prices The results are in. The 2019 home price for Edmonton, based on sales, was $360,262. That was down 3.09 percent from $371,748 in 2018. Looking back, the price rose for three straight years from $367,055 in 2014 to $376,771 in 2017 before a weakened economy drove markets down slightly in 2018 and 2019. It’s difficult right now to predict what’s going to happen next. Some experts believe we’re at the bottom of the market (a great time to buy)! What do you think Edmonton’s home price will be in 2020?
Sold vs New Listings With 16,557 Edmonton homes sold last year, 2019 was the worst-performing year in the last six. When sales volume is low and supply grows due to new listings, we typically call it a buyer’s market. If you’re selling, you
Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for January 2020 increased 0.50% compared to January 2019 and decreased 5.44% from December 2019. The number of new residential listings is down, decreasing 11.58% from January 2019. Overall inventory in the Edmonton CMA fell 11.76% from January of last year. For the month of January, single family home unit sales are up 2.52%, and condo unit sales decreased 5.94% from the same period of time last year. All residential average prices are up slightly at $351,002 a 3.85% increase from January 2019, and are down 0.75% from December 2019. Single family homes sold for an average of $413,954, a 2.52%
If you want to live in an Edmonton neighbourhood with the best of all worlds, you should take a look at Strathcona.
Here, it’s an easy drive downtown or to the University of Alberta and a nice walk to the North Saskatchewan River Valley or the Mill Creek Ravine.
The real estate is a mix of older, character homes in great condition (some 100 years old) and modern apartments and condominiums, high- and low-rise.
At the centre of it all is hip, artsy Old Strathcona with its historic town feel and bustling, main artery, Whyte Avenue. Whyte’s famous for its art galleries, pubs and night clubs, trendy boutiques, theatre venues, international restaurants and coffee shops.
It’s a world class festival hub in the summer, with all kinds of live music
It’s an interesting topic. Everyone has their idea of what “dream home” means. They’re at every price point.
If you’re looking for yours in 2020, read on for tips. If you’re listing, make it someone else’s dream home by staging it that way!
Dream homes are not one size or style fits all.
Can you picture your dream home? Try. It’s much easier to find when you know what it looks like!
If you need help getting started, think about the lifestyle you’re after and then imagine your new home at the epicentre of it.
You might want a family home that better suits your active lifestyle, for example. Maybe you’re renting and your dream is to own. Or it could be you’re ready to lock-and-leave as you travel to exotic destinations.