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Real Estate Blog

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?”

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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

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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%

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Ice Castles (until March 20)
Enjoy this award-winning frozen attraction built using hundreds of thousands of icicles hand-placed by professional ice artists.

Silver Skate Festival (Feb 7 – 17)
Have fun with your entire family in this longest winter festival in Edmonton. Discover breathtaking snow sculpture, winter sports, live music, and much more.

Snowshoe & Stargaze (Feb 15)
Experience the night sky with fellow enthusiasts at Astotin Lake after dark!

Valentine’s Day at Miller Crossing Farmers Market (Feb 14)
Explore the market to find everything you need to make a special dinner or buy special gifts for your special one.

Winefest Edmonton (Feb 14 – 15)
Swirl, sip and savour the all-inclusive sampling of wines from all over the world and an

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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

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We’ve been hearing a lot about “the next decade of interior design.” That’s too far ahead for us.

Everything changes too fast. Here’s what we expect to see in 2020 that we like:

  1. The home gets back to being a comfortable retreat where you can just chill inside calm, relaxing spaces with less clutter and more ambiance.
  2.  Expansive whites and earthy greens and browns re-connect us with a soothing, natural aesthetic.
  3. Lighting becomes better and brighter, spotlighting and showcasing feature walls with materials like wood, rock and cork.
  4. Enviro-conscious living takes over with tech-smart, energy-saving abodes where recycling rules.
  5. Open floorplans are improved with chic, industrial partitions that create functional flow.
  6. The kitchen
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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!

Buying?

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.

Once

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Boardwalk Ice on Whyte (Jan 23 – 26, Jan 30 – Feb 2)
Join Edmonton’s fantastic winter festivals. The real fun starts when temperatures drop below zero.

Jasper Beer & Spirits Festival (Jan 31 – Feb 2)
Get ready to experience a unique mountain retreat at this 2 night festival hosted at the world-renowned Fairmont Jasper Park Lodge.

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