Haddow Home Sale Prices
The Haddow Home sale price per square foot has been floating around the $250 range over the last few quarters. Traditionally, Haddow sells for more than the Edmonton average selling price per square foot, so I do expect the Haddow price to rise in the coming quarters. The highest sold price for a home in Haddow in the last 12 months was $840,000. The average time to sell a house in Haddow in 2013 has been 44 days. That is 2 days longer than the Edmonton average days ...
Full Article...
King Edward Park Home Sale Prices
The King Edward Park home sale price per square foot continues to power higher. King Edward Park is currently selling for $343 per square foot in April and May of 2013. That is the highest price level for King Edward Park in the last 4 years. The highest selling price for a home in King Edward Park in the last 12 months was $730,000. The average time to sell a house in King Edward Park in 2013 has been 41 days, one day faster than the Edmonton average days ...
Full Article...
Forest Heights Home Sale Prices
The Forest Heights home sale price per square foot has stayed over $300 per square foot for the last year. Forest Heights has had quite a few homes sell along Rowland Road in the last 12 months, these homes have been selling in the $550,000 plus range. The highest sale price for a house in Forest Heights in the last 12 months was for $650,000. The average time to sell a home in Forest Heights in 2013 has been 21 days. That is exactly twice as fast as the ...
Delwood Home Sale Prices
The Delwood Home sale price per square foot has moved back above the Edmonton average selling price per square foot in April and May of 2013. Delwood is now selling for $283 per square foot, in the past $280 to $290 was the normal top in the range that Delwood sold for. We will have to wait and see if Delwood can sustain this price level. The highest selling price for a house in Delwood in the last 12 months was $345,000. The average time to sell a home in Delwood ...
Full Article...
Glenora Home Sale Prices
The Glenora home sale price per square foot has been bouncing around the $400 per square foot range over the last few quarters. Since the beginning of 2009, the selling price per square foot in Glenora has moved 23% higher. For comparison, the Edmonton average sold price per square foot has went up 14%. The highest selling price for a home in Glenora in the last 12 months was $1,885,000. The average time to sell a house in Glenora in 2013 has been 55 days. That is ...
Full Article...
Lago Lindo Home Sale Prices
The Lago Lindo home sale price per square foot continues to be really strong. Lago Lindo has been hovering in that $290 per square foot range for the most part since the 2nd quarter of 2012. The selling price per square foot in Lago Lindo has improved by roughly 20% since the 3rd quarter of 2009. The Edmonton sold price per square foot has improved by 6%. The highest selling price for a home in Lago LIndo in the last 12 months was $471,000. The average time to ...
Full Article...
Ritchie Mill Creek Home Sale Prices
The Ritchie Mill Creek home sale price per square foot continues to sell well above $300 per square foot. So far in April and May of 2013, Ritchie is selling at it's highest price per square foot since one quarter in 2009. I expect the Ritchie selling price per square foot to continue to climb and also to remain $40 or more per square foot higher than the Edmonton average. Ritchie had 11 of the 41 sales over the period of May 2012 to April 2013 sell for ...
Full Article...
Canossa Home Sale Prices
The Canossa Home sale price per square foot has jumped higher so far in April and May of 2013. Canossa had a softer finish to 2012 and start in 2013, Canossa was selling for $20 less than the Edmonton average sold price per square foot. Going back to the beginning of 2009, the general trendline in Canossa is up, mirroring the Edmonton average selling price per square foot. The highest sale price for a home in Canossa in the last 12 months was $499,950. The average ...
Full Article...
Montrose Home Sale Prices
The Montrose home sale price per square foot has been softer in Montrose since the last quarter of 2011. Currently, Montrose is selling for $227 per square foot which is roughly $50 off the Edmonton average sold price per square foot. In previous years, Montrose has sold approximately $20 per square foot off the Edmonton average. Montrose normally has stronger 3rd quarters, so we will see if that brings the average up in 2013. The highest selling price for a house ...
Full Article...
Highlands Home Sale Prices
The Highlands home sale price per square foot continues to stay above the Edmonton average selling price per square foot. Although, to begin 2013, the Highlands slipped $1 under the Edmonton sold price per square foot. So far in April and May of 2013, the Highlands is returning to it's normal range of $20 to $30 over the Edmonton average. The highest selling price for a house in the Highlands in the last 12 months was $752,500. The average time to sell a home in ...
Full Article...
Home Prices of Neighbourhoods near Edmonton's best schools
The home prices of neighbourhoods near Edmonton's best schools tend to see their home values outperform the Edmonton average. The average sale price of homes, days on market (the time it takes to sell) and how much the homes sell for versus their list price all tend to be higher in areas with these highly ranked schools. This post will look at the real estate statistics of the areas around the top school in Edmonton based on the ...
Edmonton's Best Neighbourhoods Based on Sale Price to List Price Ratio
One way to find out if a neighbourhood is in high demand, is to consider how much the buyer's are able to negotiate off of the list price. If the sale price to list price ratio is high, then that means that the sellers are in the "driver's seat" and can be firm on price negotiations. In effect, there are more buyers wanting to be in the neighbourhood then there are sellers. 100% sale price to list price ratio would be a ...
Full Article...
Best Edmonton Neighbourhoods in Edmonton based on Days on Market
The best neighbourhoods in Edmonton based on days on market is a good indicator of a neighbourhoods' popularity. It is just as the name implies, how fast does it take to sell a single family detached home on average. These stats are based on homes sold over the last 12 months, and I've only included neighbourhoods that have had 10 or more sales in order to not skew the average. I also didn't include brand new homes (2012 or ...
Full Article...
Parkview Valleyview Home Sale Prices
The Parkview / Valleyview home sale price per square foot continues to roar higher. Looking back to the beginning of 2009, Parkview has increased by 36% on a selling price per square foot basis. In that same time frame, Edmonton has increased by 13%. The Parkview area continues to be in high demand. The highest sale price for a home in Parkview in the last 12 months was in the Valleyview area of Parkview and it sold for $1,550,000. The average time to ...
Full Article...
Twin Brooks Home Sale Prices
The Twin Brooks home sale price per square foot continues to move higher off the low of the first quarter of 2012. Currently, Twin Brooks average selling price per square foot is over $300. Over the last 2 years, Twin Brooks has tended to sell higher than the Edmonton average sold price per square foot. I expect this to continue as the Twin Brooks continues to be popular with families and the building of the George P. Nicholson Elementary School a few years ago ...
Full Article...
Klarvatten Home Sale Prices
The Klarvatten home sale price per square foot has been rising since the end of 2011. The Klarvatten average selling price per square foot is selling for $248 per square foot now. Klarvatten has tended to sell in the $240 to $260 range, and I expect the prices to continue to rise in this lake district area. The highest recorded sold price for a home in Klarvatten in the last 12 months was $792,500. The average time to sell a house in Klarvatten in 2013 has been ...
Full Article...
Ottewell Home Sale Prices
The Ottewell home sale price per square foot has started 2013 very strongly. Ottewell is currently selling over $300 per square foot this year. The last time Ottewell sold in this range consistently was back in 2010. The Ottewell neighbourhood is desirable due to a few factors. The lot sizes are generous, most lots are 50' wide in frontage at least. The square footage of the homes are decent too. The average size of a home in Ottewell that sold in the last 12 ...
Full Article...
Ellerslie Home Sale Prices
The Ellerslie home sale price per square foot had a couple really strong recent quarters where Ellerslie was selling for $284 per square foot. The Ellerslie neighbourhood traditionally sells in the $230 to $250 per square foot range, but these two quarters were exceptions. There were a couple $800,000 plus homes that sold in both of those quarters and that is what helped skew the average higher. The highest sale price for a house in Ellerslie in the last 12 months ...
Full Article...
Hollick Kenyon Home Sale Prices
The Hollick Kenyon home sale price per square foot has consistently been moving higher since the beginning of 2012. The gap between Hollick Kenyon and the Edmonton average sold price per square foot is approximately $15 to $20 per square foot. Hollick Kenyon is following the same pattern that Edmonton is, and is rising up. The average selling price per square foot in Hollick Kenyon has moved up 6.9% from the beginning of 2012, the Edmonton average sold price ...
Full Article...
Glastonbury Grange and Parkland Home Sale Prices
The Glastonbury (also known as Grange and Parkland) home sale price per square foot has had a softer start to 2013. Glastonbury finished 2012 above the Edmonton average selling price per square foot, but has went the opposite direction so far in 2013. I expect this to reverse, as the Glastonbury area continues to be popular with families and borders the growing neighbourhoods of the Hamptons and Granville. The new Costco location off ...
Cumberland Home Sale Prices
The Cumberland home sale price per square foot has been moving closer to the Edmonton average selling price per square foot in 2013. Cumberland is now within $4 per square foot of the Edmonton average, and this trend of tightening up was started in the last quarter of 2012. In the past, Cumberland often sold $25 or more off the Edmonton sold price per square foot, but that has changed now. The highest sale price for a home in Cumberland in the last 12 months was ...
Full Article...
Wild Rose Home Sale Prices
The Wild Rose home sale price per square foot has been much stronger in 2013. Wild Rose has moved up much closer to the Edmonton average selling price per square foot recently. Wild Rose is now selling within $10 to $15 per square foot of the Edmonton average, where in the past Wild Rose used to sell $20 to $30 off of the Edmonton sold price per square foot. The highest sale price for a home in Wild Rose in the last 12 months was $655,000. The average time to sell ...
Full Article...
Kiniski Gardens Home Sale Prices
The Kiniski Gardens home sale price per square foot is moving back to the Edmonton average sold price per square foot in May of 2013 after a couple of weaker quarters. That is to be expected as Kiniski Gardens traditionally has sold fairly close to the Edmonton selling price per square foot. Kiniski Gardens tends to peak in the second quarter of the year, and it appears to be following that pattern again this year. The highest sale price for a home in Kiniski ...
Full Article...
Silver Berry Home Sale Prices
The Silver Berry home sale price per square foot has moved up to the $250 range after the lows of early 2011 where the area was only selling for $225 per square foot. The gap between the Edmonton sold price per square foot and Silver Berry has remained fairly consistent at $25. So far in May of 2013, Silver Berry is selling at it's highest price per square foot in the last 4 years. The highest selling price for a home in Silver Berry in the last 12 months was ...
Full Article...
Terwillegar South Home Sale Prices
The Terwillegar South home sale price per square foot did rise above the Edmonton average selling price per square foot in the first quarter of 2013. That is the first time that Terwillegar South has exceeded the Edmonton average in the last 4 plus years. Terwillegar South has generally been selling within $10 to $15 per square foot of the Edmonton sold price per square foot. The highest sale price for a home in Terwillegar South in the last 12 months was ...
Full Article...
Impact of LRT on Edmonton Real Estate Prices
Often I am asked, "how will the expansion of the LRT impact Edmonton real estate prices?". A viewer of my blog wanted me to have a look at a couple of south side neighbourhoods that have seen the LRT (Light Rail Transit) expand in 2009, Belgravia and Mckernan in particular. Belgravia and McKernan are near the University of Alberta and the LRT expanded through these areas on it's way to Century Park on 23rd avenue. I only looked at bungalow style ...
Full Article...
Alberta Avenue Norwood Home Sale Prices
The Alberta Avenue / Norwood home sale price per square foot has been stronger in 2013 and 2012. Alberta Avenue is now selling in the $200 per square foot plus range quite consistently. Alberta Avenue does have a good amount of sales activity, in the last year there has been 111 home sold. The highest sale price for a home in Alberta Avenue in the last 12 months was $385,000. The average time to sell a house in Alberta Avenue has been 49 days in 2013. ...
Full Article...
Brintnell Home Sale Prices
The Brintnell home sale price per square foot is moving closer and closer to the Edmonton average selling price per square foot in 2013. In the past, Brintnell has sold $30 or $40 less than the Edmonton sold price per square foot, but that gap is rapidly getting smaller and is now in the $10 per square foot range. Brintnell has also seen the selling price per square foot move upwards since 2009, just like Edmonton. The only difference being, Brintnell is following ...
Full Article...
Terwillegar Towne Home Sale Prices
The Terwillegar Towne home sale price per square foot had a really strong 2012, so far in 2013, Terwillegar Towne has moved a little lower than the Edmonton average selling price per square foot. The general trendline since 2009 in Terwillegar Towne has been up, just like Edmonton on a price per square foot basis. Terwillegar Towne doesn't tend to sell lower than the Edmonton average sold price per square foot for more than a couple quarters, so I expect a ...
Full Article...
Donsdale Home Sale Price
The Donsdale home sale price per square foot continues to bounce in between $300 to $350 over the last few quarters. Donsdale hasn't approached $400 per square foot recently, the last time it reached those heights was in 2010 and 2011. The highest sale price for a home in Donsdale in the last 12 months was $1,075,000. The average time to sell a house in Donsdale in 2013 has been 55 days.
http://en.wikipedia.org/wiki/Donsdale,_Edmonton
To view graphs on other ...
Prince Rupert Edmonton Home Sale Prices
The Prince Rupert Edmonton home sale price per square foot has been within $10 to $20 of the Edmonton average selling price per square foot for many of the recent quarters. Prince Rupert hasn't jumped up like Prince Charles has, which is also a neighbouring area near the Edmonton Municipal Airport redevelopment land. Prince Rupert has managed to stay close to the Edmonton average, but not rise like Prince Charles, although Prince Rupert did not see ...
Rundle Heights Home Sale Prices
The Rundle Heights home sale price per square foot continues to move closely with the Edmonton averaeg selling price per square foot. Recently, there has been a little more volatility in the average for Rundle Heights, but it continues to bounce above and below the Edmonton sold price per square foot. The highest sale price for a home in Rundle Heights in the last 12 months was $385,000. The average time to sell a house in Rundle Heights in 2013 has been 96 ...
Full Article...
Prince Charles Home Sale Prices
The Prince Charles home sale price per square foot has had some strong quarters recently. Currently, Prince Charles has dipped below the Edmonton average selling price per square foot, but the previous 4 quarters were very strong for Prince Charles. Prince Charles did sell over $300 per square foot in the fall of 2012. The neighbourhood is immediately west of the Municipal Airport redevelopment land. The strength in Prince Charles' prices could be reflecting ...
Full Article...
Tamarack Home Sale Prices
To view graphs on other Edmonton neighbourhoods visit Edmonton Selling Prices by Neighbourhood. For more information about the area visit Tamarack Neighbourhood. If you are interested in a no obligation market evaluation on your home click Tamarack Home Sale Prices
Cameron Heights Home Sale Prices
The Cameron Heights home sale price per square foot has moved to $275 this quarter, and is now $1 over the Edmonton average selling price per square foot. In the past, Cameron Heights tends to stay above or below the Edmonton average for a couple consecutive quarters. So we should see Cameron Heights continue to stay higher than the Edmonton average over the rest of 2013. The highest sale price for a house in Cameron Heights in the last 12 months was ...
Meyonohk Home Sale Prices
The Meyonohk home sale price per square foot has been tending to sell in the $260 to $270 per square foot range over the last few quarters. Meyonohk has sold as high as $308 per square foot, but so far that has been an exception. The highest sale price for a home in Meyonohk in the last 12 months has been $430,000, while the highest sale price for a home in the Millwoods area has been $659,000. The average time to sell a home in Meyonohk in 2013 has been 30 days, ...
Full Article...
Lendrum Place Home Sale Prices
The Lendrum Place home sale price per square foot has slipped under the Edmonton average selling price per square foot this quarter. I don't expect this pattern to continue, as Lendrum Place normally sells well above the Edmonton average sold price per square foot. Lendrum Place has been selling over $330 per square foot for quite a few quarters recently. The Lendrum Place neighbourhood continues to be popular, great access to Whitemud Freeway, Southgate Centre ...
Full Article...
Royal Gardens Home Sale Prices
The Royal Gardens home sale price per square foot has been bouncing in the $280 to $300 per square foot range for the last few quarters. Royal Gardens, also known as Petrolia, tends to sell for $30 to $40 per square foot more than the Edmonton average selling price per square foot. The highest sale price for a home in Royal Gardens in the last 12 months was $430,000. The average time to sell a house in Royal Gardens in 2013 has been 43 days. The Edmonton ...
Beaumaris Home Sale Prices
The Beaumaris home sale price per square foot has been pretty flat for the last few quarters. Beaumaris has sold as high as $242 per square foot in the past, but is now selling for $217 per square foot. The Beaumaris average selling price per square foot has been moving up since the third quarter of 2011, when it sold as low as $185. The highest sale price for a home in Beaumaris in the last 12 months was $575,000. The average time to sell a house in Beaumaris in ...
Full Article...
Sweet Grass Home Sale Prices
The Sweet Grass home sale price per square foot has moved closer to the Edmonton average selling price per square foot in 2013. Sweet Grass is currently selling for $25 less per square foot than the Edmonton average sold price per square foot. Interestingly, each year Sweet Grass tends to peak in price per square foot in the third quarter. The highest sale price for a house in Sweet Grass in the last 12 months was $520,000. The average time to sell a home in ...
Full Article...
WIndermere Home Sale Prices
The Windermere home sale price per square foot has seen a jump in April / May of 2013. Traditionally, Windermere sells very close to the Edmonton average sold price per square foot, so I don't expect this pattern to continue as we move further into 2013. The average price per square foot for Windermere may be close to the Edmonton average, but the actual average price for a house in Windermere is much higher than the Edmonton average. The average home in ...
Bannerman Home Sale Prices
The Bannerman home sale price per square foot has moved up considerably in April May of 2013. Historically Bannerman sells very closely to the Edmonton average sold price per square foot. So, I don't expect this rapid increase to continue in 2013, Bannerman will likely slip back to the Edmonton average selling price per square foot as we move forward. The Bannerman neighbourhood does border the North Saskatchewan River valley and that does explain the consistentcy ...
Full Article...
Bellevue Home Sale Prices
The Bellevue home sale price per square foot has moved up above $300 per square foot so far in April / May of 2013. The general trendline has been up for Bellevue for the last few years. The Bellevue neighourhood is another "shoulder" area in Edmonton that borders a more expensive neighbourhood named Highlands. Homes in the Highlands sell for more than Bellevue, but the gap is getting smaller. Part of Bellevue borders the North Saskatchewan River and the area south ...
Full Article...
Queen Mary Park Home Sale Prices
The Queen Mary Park home sale price per square foot has still not recovered fully from the weakness over the last few years. Queen Mary Park and the Prince Rupert neighbourhoods are near the Edmonton Municipal Airport redevelopment area, but the prices have not risen back to 2009 levels. It remains to be seen how the redevelopment of the old airport lands will impact this neighbourhood. I expect it to be a positive development for Queen Mary Park, but ...
Caernarvon Home Sale Prices
The Caernarvon home sale price per square foot has jumped up higher in April and May of 2013. The current average selling price per square foot in Caernarvon is $309, and that is based on 5 sales not just one or two homes. Caernarvon should finish this quarter strongly and it will be interesting to see if the price strength continues thoroughout 2013 in this Castledowns neighbourhood. What is also interesting is that prior to this Caernarvon was much weaker over ...
Full Article...
Glengarry Home Sale Prices
The Glengarry home sale price per square foot is following the Edmonton average selling price per square foot fairly closely. Glengarry tends to sell within $20 per square foot of the Edmonton average. Recently, Glengarry doesn't sell over the Edmonton average for longer than one quarter at a time. There was a time in 2009 when Glengarry was consistently selling for more than the Edmonton average sold price per square foot. The highest sale price for a house in ...
Full Article...
Gold Bar Home Sale Prices
The Gold Bar home sale price per square foot continues to sell in the $320 plus range. There was one weaker quarter for Gold Bar at the end of 2012, but since the 2nd quarter of 2012 Gold Bar has managed to sell over $300 per square foot most of the time. The Gold Bar area is a little more affordable than nearby Capilano. That is to be expected as Capilano is closer to the river valley and there are homes with views that command more money in Capilano. That being ...
Full Article...
Garneau Home Sale Prices
The Garneau home sale price per square foot is continuing to reach into that $400 plus range. Garneau has shot up from a lower price per square foot in late 2011, and the general trendline has been up ever since that low. I enjoy looking at this area as I lived in Garneau for 4 years, and am always amazed at how resilient and strong Garneau is. This isn't too surprising, the land close to the University of Alberta is very valuable. Lots are being rezoned into higher ...
Full Article...
Magrath Heights Home Sale Prices
The Magrath Heights home sale price per square foot continues to outperform the Edmonton average selling price per square foot. Magrath Heights has tended to sell over $300 per square foot for most of the last 2 years. Magrath Heights has a tendency to have a lower selling price per square foot quarter once every year or so, and the 2nd quarter of 2013 is shaping up to be that quarter so far. The good news is that Magrath Heights tends to bounce higher in the ...
Full Article...
York Home Sale Prices
The York home sale price per square foot has continued to exceed the Edmonton average selling price per square foot. In fact, York has been really strong since the last half of 2012, York has been selling between $280 and $290 per square foot over the last few quarters. 2011 was the weakest year for York, the sold price per square foot spent most of the year under the Edmonton average selling price per square foot. The highest sale price for a house in York in the last ...
Full Article...
Mcleod Home Sale Prices
The Mcleod home sale price per square foot has gradually been strengthening since the 2nd quarter of 2010. Mcleod is now selling higher than the Edmonton average sold price per square foot so far in April/May. It will be interesting to see if Mcleod continues to sell higher than the Edmonton average, as Mcleod did in 2009. The highest sale price for a home in Mcleod in the last 12 months was $443,500. The average time to sell a house in Mcleod so far in 2013 has ...
Full Article...
Kenilworth Home Sale Prices
The Kenilworth home sale price per square foot has trended higher and higher since the beginning of 2009. There has only been one quarter in the last 4 years where Kenilworth sold for less than the Edmonton selling price per square foot. $280 to $300 per square foot has been the range Kenilworth has been selling in for the last few quarters. The highest sale price for a home in Kenilworth in the last 12 months was $484,000. The average time to sell a home in ...
Belmont Home Sale Prices
The Belmont home sale price per square foot has been softer than the Edmonton average selling price per square foot in 2013. Belmont homes did sell for more than the Edmonton average in the last half of 2012. Belmont normally does sell just above or just below the Edmonton average sold price per square foot. I expect to see the Belmont average sale price per square foot to move higher as we move further into 2013, following the pattern of 2010 when Belmont bounced ...
Full Article...
Home Sales Near University of Alberta
The home sales near the University of Alberta have always been strong. The average days on market for the neighbourhoods that are close to the University of Alberta sits at 35 days so far in 2013. The average days on market for Edmonton is at 46 days in 2013. Looking at individual neighourhoods the days on market in 2013, the numbers are consistently low:
Garneau average days on market is 18 days.
Belgravia average days on market is 20 days.
Windsor ...
Full Article...
Dechene Home Sale Prices
The Dechene home sale price per square foot has moved higher from a really weak third quarter of 2012. Back in 2009, Dechene was selling much closer to the overall Edmonton average selling price per square foot. So far in 2013, Dechene has moved higher and interestingly the 2nd quarter of each year is normally when Dechene has it's strongest quarter. The highest sale price for a home in Dechene over the last 12 months was $505,000. The average time to sell a house in ...
Full Article...
Belvedere Home Sale Prices
The Belvedere home sale price per square foot has been closer to the Edmonton average selling price per square foot since the third quarter of 2012. In the last quarter of 2012, Belvedere sold for the same value as Edmonton. It will be interesting to see if Belvedere can keep this strong performance going as we move further into 2013, lthough as can be seen below the days on market is slower in Belvedere than the market average. The highest sale price for a home in ...
Full Article...
Best Neighbourhoods in Edmonton
The best neighbourhoods in Edmonton is a subjective topic. What may be attractive for one buyer is not the same for another. More expensive normally means more demand and a more desirable area, so we can look at the average sale price per square foot in different neighbourhoods. This price per square foot paints a picture of what areas of Edmonton tend to be in higher demand and therefore cost more. I've looked at the areas that tend to sell for more than ...
Full Article...
Lot Values in Edmonton
Lot values in Edmonton fluctuate greatly. My buyer clients often wonder how much more one particular area is over another. Questions like, is it better value to buy in the northwest or the southwest? Location is always based on personal preferences, but in order to give some clarity I've graphed out the average sale price in several areas of Edmonton based on MLS® sales over the last 24 months. I've split the sales out between new subdivisions and mature ...
Duplex Sales in Edmonton
The duplex sales in Edmonton over the last few years have made up a larger component of the Edmonton market. Back in 2005, duplex and rowhouse style homes only made up about 3 to 4% of the sales for the Edmonton real estate market. Today, the percentage of duplex sales fluctuate between 6 to 6.5% of the market. In 8 short years, the number of duplexes that are sold each year have basically doubled. Why is this?
My thoughts on this is that duplex and rowhouse homes ...
Full Article...
Basementless Homes in Edmonton
I am often asked if basementless homes are a good or bad investment in Edmonton. Generally they are good for resale. A basementless home is normally much more affordable than a home with a full basement. I've often had clients that could only find fixer upper homes with basements, or a condo townhouse in their price range. Often we can find a home in better condition in their price range with the only drawback being the lack of a basement. I've researched the ...
Full Article...
Lauderdale Home Selling Prices
The Lauderdale home selling price per square foot generally has stayed below the Edmonton average sold price per square foot. Lauderdale has jumped substantially higher in April of 2013, but that is based on only one home sale. I expect the average to slip closer to Lauderdale's traditional levels. Interestingly, Lauderdale's strongest quarters are normally at the end of the year (Quarter 4). The highest sale price for a home in Lauderdale in the last 12 ...
Dovercourt Home Selling Prices
The Dovercourt home selling price per square foot continues to stay stronger and higher than the Edmonton average sale price per square foot. Dovercourt has sold for less than the Edmonton average sold price per square foot only a few times in the last 5 years. Dovercourt is approaching the $300 per square foot range, which it hasn't exceeded since 2010. The highest sale price for a home in Dovercourt in the last 12 months was $390,000. The average time to ...
Full Article...
Condo fees and sale prices
Do higher condo fees hurt your selling price? The short answer is yes. The long answer is it depends. I know of one condo where the fees have increased by 52% over the last 7 years, and meanwhile the other condos in the neighbourhood have only increased by 28%. The prices in the building with the higher condo fees rose by 52.9% versus the neighbourhood average increase of 71.5%. That translates into $28,500 less money for that seller over 7 years than a unit in ...
Full Article...
Edmonton Condo Special Assessments
Another concern that buyers have about condos is the potential of special assessments or levies. A special assessment is a way that the condo pays for a repair that needs to be done in the near future when the reserve fund is too low. In another post I said that it is very rare to see the condo fee drop. The only time I've seen a drop in condo fees is when a special assessment that was being paid on a monthly basis was finally paid off and then lapsed. ...
Full Article...
Edmonton Condo FeesWhen buying a condo, buyers often wonder about condo fees. The questions I often hear are if the condo fees ever come down and how much do the fees normally go up. I thought some statistics on what Edmonton condo fees have increased over the last few years would help. I looked at the Oliver area of Edmonton for 2 bedroom or more condo units that are in high rise buildings. I looked at Oliver as this area has a good number of sales (larger sample size) and Oliver is an ...
Full Article...
Pollard Meadows Home Sale Prices
The Pollard Meadows home sale price per square foot has moved back to within $4 per square foot of the Edmonton average selling price per square foot in April of 2013. Pollard Meadows did have a weaker end of 2011 to mid 2012, on a sold price per square foot basis. Pollard Meadows tends to not stay above the Edmonton average selling price per square foot for longer than one quarter at a time. The highest sale price for a house in Pollard Meadows in the last ...
Full Article...
Killarney Home Sale Prices
The Killarney home sale price per square foot has actually been staying above the Edmonton average selling price per square foot through most of 2012. In the past, Killarney would move up to the Edmonton average and then quickly bounce back down. The Killarney area has managed to stay higher than the Edmonton sold price per square foot for a couple consecutive quarters. So far, in the first quarter of 2013 Killarney has slipped below the Edmonton average. Given ...
Full Article...
Oliver Condo Selling Prices
The Oliver condo selling price per square foot for 2 bedroom or more high rise units has moved off the lows of the last quarter of 2011. The general trendline for Oliver is up and the average sale price per square foot is currently at $295. The condo market generally has been weaker and taken longer to recover from the highs of 2007. The single family market bottomed in the first quarter of 2009 and has moved up since then. The condo market had a second dip in ...
Full Article...
Avonmore Home Sale Prices
The Avonmore home sale price per square foot has jumped up to it's highest level in the last few years, as we move further into April of 2013. Avonmore is currently selling for $367 per square foot, that is higher than the peak reached in 2010 of $359. The highest sale price for a home in Avonmore in the last 12 months was $650,000. The average time to sell a home in Avonmore has been quick at 27 days. That is roughly twice as fast as the Edmonton average days on ...
Full Article...
Castledowns Home Sale Prices
The Castledowns home sale price per square foot has risen in 2013, to within $9 of the Edmonton average selling price per square foot. That is much stronger than the previous 3 quarters in Castledowns where the average sold price per square foot was hovering in the low 240's. The highest sale price for a home in Castledowns in the last 12 months was $784,000. The average time to sell a home in Castledowns so far in 2013 has been 52 days. That is a little slower ...
Full Article...
Clareview Home Sale Prices
The Clareview home sale price per square foot has moved closer to the Edmonton average at the end of 2012. Clareview did get within $5 per square foot of the Edmonton average. So far in 2013, Clareview has been softer and not moved up as much as the Edmonton average selling price per square foot. April in 2013 has been weaker in Clareview, but that is based on only 12 sales so far this month. The highest sale price for a house in Clareview in 2013 has been ...
Millwoods Home Sale Prices
The Millwoods home sale price per square foot continues to follow just under the Edmonton average selling price per square foot. Millwoods did move very close, within $3 per square foot, of the Edmonton average sold price per square foot in the last quarter of 2012. Currently, Millwoods is $9 per square foot of the Edmonton average. The highest selling price for a home in Millwoods in the last 12 months has been $659,000. The average time to sell a home in ...
Belmead Home Sale Prices
The Belmead home sale price per square foot has been pretty close to the Edmonton average for 2012, so far in 2013 Belmead has slipped lower. The interesting thing about the Belmead market is it tends to bottom out for one or two quarters and then bounces back close or over the Edmonton average selling price per square foot. The highest sale price for a house in Belmead in the last 12 months was $477,900. The average time to sell a home in Belmead in 2013 has been 63 ...
Full Article...
Wellington Home Sale Prices
The Wellington home sale price per square foot has moved above the Edmonton average over the last 3 quarters. Prior to 2013, Wellington has only stayed above the Edmonton average selling price per square foot for 2 quarters back in 2010. The highest sale price for a house in Wellington in the last 12 months was $365,000. The average time to sell a home in Wellington in 2013 has been 56 days. The Edmonton average days on market in 2013 has been a little faster at ...
Full Article...
Meyokumin Home Sale Prices
The Meyokumin home sale price per square foot had a really strong finish to 2012. Meyokumin was selling in the $286-$300 per square foot range in the last half of 2012. 2013 has seen Meyokumin drop down to more traditional levels. The area does tend to stay fairly close the Edmonton average sold price per square foot. The highest sale price for a home in Meyokumin in the last 12 months was $386,000. So far in 2013, the average time to sell a home in Meyokumin has ...
Full Article...
Elmwood Home Sale Prices
The Elmwood home sale price per square foot has managed to stay over $300 for the last year. The general trendline has been up for Elmwood (with the exception of the last quarter of 2011). The Elmwood neighbourhood has good access to the Whitemud Freeway and both the Mesiricordia Hospital and West Edmonton Mall are within walking distance. The highest sale price for a house in Elmwood in the last 12 months was $387,000. The average time to sell a home in 2013 in ...
Full Article...
Kirkness Home Sale Price
The Kirkness home sale price per square foot has been weaker since the beginning of 2012. Currently in 2013, Kirkness is selling for $214 per square foot. I expect that to improve for Kirkness as traditionally Kirkness sells within $20 per square foot of the Edmonton average. The highest sale price for a home in Kirkness in the last 12 months was $465,000. The average time to sell a house in Kirkness in 2013 has been 50 days. The overall Clareview average days on ...
Full Article...
Greenview Home Sale Price
The Greenview home sale price per square foot has been falling throughout 2012 and into 2013. This looks concerning at first until you look at the composition of the sales in 2011 versus 2012/2013. There were a higher percentage (roughly 50%) of homes that were two story style that have sold more recently. These homes sell for less per square foot than a bungalow or bilevel style of home. That 2 story component also explains why Greenview sells lower per square ...
Full Article...
Fraser Home Sale Price
The Fraser home sale price per square foot continues to track the overall Edmonton average selling price per square foot. Since the beginning of 2012, Fraser has been selling quite closely to the Edmonton average for single family detached homes. The highest sale price for a house in Fraser in the last 12 months was $500,000. The average time to sell a home in Fraser so far in 2013 has been 45 days. The Edmonton average days on market in 2013 has been a few days slower ...
Full Article...
Parkallen Home Sale Price
The Parkallen home sale price per square foot has continued to move upwards. So far in 2013, Parkallen has dipped a little, but the average selling price per square foot does trend upwards since the third quarter of 2011. It will be interesting to see if Parkallen can continue to sell over $320 per square foot as we move further into 2013. Parkallen was able to sell in this range in 2012 and for a couple quarters in 2010. The highest sale price for a house in ...
Strathearn Home Sale Price
The Strathearn home sale price per square foot has bounced higher so far in 2013 off the selling price per square foot at the end of 2012. Strathearn has been consistently selling at $300 per square foot or higher over most of the last 4 years. Strathearn did sell for $385 per square foot in the third quarter of 2012. The highest sale price for a home in Strathearn in the last 12 months was $1,505,000. That home was an infill on Strathearn Drive and had a view of ...
Full Article...
Malmo Plains Home Sale Prices
Malmo Plains continues to see the average sale price per square foot move up so far in 2013. Malmo Plains selling price per square foot has moved up from the most recent low at the end of 2011, where Malmo was selling under $300 per square foot ($284). Malmo Plains has now sold over $300 per square foot for the last 5 quarters. The highest sold price for a home in Malmo was $475,000. The most affordable home sold for $320,000. The average time to sell a home ...
Full Article...
Henderson Estates Riverbend Home Sale Prices
The Henderson Estates home sale price per square foot has been selling lower than the Edmonton average over the last year and a half. Henderson Estates in old Riverbend was selling closer to the Edmonton average, sometimes Henderson Estates was exceeding the Edmonton selling price per square foot back in 2009 to most of 2011. I do expect Henderson Estates to move higher, the area is a popular neighbourhood, and there have been a couple quarters ...
Full Article...
Charlesworth Edmonton Real Estate
The Charlesworth home sale price per square foot has slipped a little to start 2013, but throughout 2012 Charlesworth was pretty consistently selling at $235 per square foot. The $230 to $240 per square foot range seems to be a sustainable number for Charlesworth to sell in. The Charlesworth neighbourhood continues to be popular due to it's proximity to Anthony Henday freeway. The highest sale price for a home in Charlesworth in the last 12 months has been ...
Full Article...
Queen Alexandra Edmonton Real Estate
The Queen Alexandra home sale price per square foot has bounced back from a soft quarter that finished 2012. Queen Alexandra traditionally was selling for about $60 more per square foot than the Edmonton avearage selling price per square foot. Now that spread is widening, Queen Alexandra is selling for roughly $100 more per square foot than the Edmonton average. That isn't too surprising considering the popularity of this University of Alberta area ...
Breckenridge Greens Home Sale Prices
The Breckenridge Greens home sale price per square foot in the Lewis Estates area has jumped as high as $288 recently. Currently, Breckenridge Greens in 2013 is moving higher off the lows of the last quarter of 2012. The general trendline over the last 4 years has been up for Breckenridge. I expect Breckenridge Greens to move back in the selling price of $270 per square foot as we move into 2013. This range is what Breckenridge traditionally has sold for ...
Full Article...
Rutherford Home Sale Prices
The Rutherford home sale price per square foot has moved up strongly so far in 2013. In fact, Rutherford hasn't sold higher than this current level in the last 4 years. Rutherford is currently selling for $256 per square foot. Rutherford is one of Edmonton's newer areas that continues to be popular due to the schools, shopping and access to the Henday freeway. The highest sale price for a home in Rutherford over the last 12 months was $665,000. The most ...
Summerside Edmonton Real Estate
The Summerside home sale price per square foot has been moving higher so far in 2013. Summerside is now selling closer to what it was in 2011. The Summerside market does tend to follow the quarterly ups and downs of the overall Edmonton average selling price per square foot fairly closely. The highest sale price for a home in Summerside over the last 12 months was $825,000. Meanwhile, the most affordable single family detached home in Summerside sold for ...
The Hamptons Edmonton Real Estate
The Hamptons home sale price per square foot has jumped higher so far in 2013. The Hamptons is currently selling over $250 per square foot, that has only happened a couple other times in the last 4 years. The Hamptons neighbourhood of Edmonton continues to be very popular with young families. The schools, shopping and walking trails all are pluses for home buyers of the Hamptons. The highest sold price for a home in the Hamptons in the last 12 months was ...
Eaux Claires Edmonton Real Estate
The Eaux Claires home sale price per square foot has slipped a bit in the last 2 quarters. I expect Eaux Claires average selling price per square foot to bounce back up and float closer to the Edmonton average sold price per square foot. This is historically where Eaux Claires sells, and for most of 2011 and 2012 Eaux Claires was selling over the Edmonton average. The highest sale price for a home in Eaux Claires in the last 12 months was $765,000. The most ...
Full Article...
Chambery Edmonton Real Estate
The Chambery home sale price per square foot has been very erratic over the last few years. Much of the volatility in the Chambery market is due to the ratio of two story versus bungalow or bilevel style homes that sell. When Chambery is selling lower, there are many more two story styles selling (roughly 75%). When Chambery's average moves up the proportion of bungalow/bilevel to two storys is 50/50. The average sale price for a home in Chambery in the last 12 ...
Full Article...
Beacon Heights Edmonton Real Estate
The Beacon Heights home sale price per square foot has been getting stronger since the first quarter of 2012. Beacon Heights is currently selling high at $291 per square foot, but that is based on only three sales this year. It is unlikely that Beacon Heights will continue to maintain that kind of number, but it will be interesting to see if the average stays closer to the overall Edmonton average selling price per square foot (currently at $268). The ...
Evansdale Edmonton Real Estate
The Evansdale home sale price per square foot has jumped up over the last 2 quarters. Evansdale sold for over $300 per square foot in the last quarter of 2012, but that should be taken with a grain of salt as it was only based on one sale. The good news is that Evansdale is maintaining a higher selling price per square foot in 2013, and is currently selling at $288 per square foot. This is well above the Edmonton average sold price per square foot of $268. The ...
Full Article...
Lynnwood Edmonton Real Estate
The Lynnwood home sale price per square foot has been softer to end 2012 and begin 2013. I expect Lynnwood to bounce back up over $300 per square foot as we move into the spring market. The Lynnwood neighbourhood continues to be a popular area that is near the river valley trails and with easy access to the Whitemud freeway. The highest sale price for a home in Lynnwood in the last 12 months was $409,000, and the most affordable home in Lynnwood sold for ...
Oxford Edmonton Real Estate
The Oxford home sale price per square foot has definitely been stronger in 2012 and 2013 then what it was in 2011. Oxford is currently selling in the $235 to $275 sale price per square foot range. In 2011, Oxford had a hard time staying above $230 per square foot. Oxford tends to sell above the Edmonton average sale price per square foot for only one quarter at a time and has a hard time maintaining an average above Edmonton. The highest sale price for a home in ...
Full Article...
Mayliewan Edmonton Real Estate
The Mayliewan home sale price per square foot has bounced back off the softer numbers in late 2012. So far in 2013, the average selling price per square foot in Mayliewan (also known as Cherry Grove) has been $259. The general trendline has been up in Mayliewan on a sold price per square foot basis since the beginning of 2009. The highers sale price for a home in Mayliewan in the last 12 months was $775,000. The most affordable home in Mayliewan sold for ...
Sakaw Edmonton Real Estate
The Sakaw home sale price per square foot has been following the Edmonton average selling price per square foot pretty closely. The Sakaw neighbourhood in Millwoods goes through an interesting pattern where the last quarter of the year for the last 4 years sees the sold price per square foot drop substantially. Traditionally home sale prices can drift a little lower in the last quarter of the year, but Sakaw consistently sees a drop. The good news is that Sakaw ...
Full Article...
Daly Grove Edmonton Real Estate
The Daly Grove home sale price per square foot continues trending upwards since 2011. The Daly Grove average selling price per square foot has been bouncing above and below the Edmonton average consistently over the last few years. The highest sale price for a home in Daly Grove in the last 12 months has been $349,000. The most affordable home sold for $225,000 in Daly Grove in the same period. The average time to sell a home in Daly Grove in the last 90 days ...
Full Article...
Lorelei Edmonton Real Estate
The Lorelei home sale price per square foot has been stronger than the Edmonton average selling price per square foot over the last year. Lorelei had a weaker 2011 when you look at the sold price per square foot, but Lorelei has nicely rebounded in 2012 and 2013. The highest sale price for a home in Lorelei in the last 12 months was $405,000. The most affordable home sale in the last 12 months in Lorelei was $270,000. The average time to sell a home in Lorelei ...
Full Article...
Capilano Edmonton Real Estate
The Capilano home sale price per square foot has been selling in the $330 to $350 range over the last few quarters. The 2nd quarter of 2012 was really strong for Capilano, we will have to see if that repeats itself in the upcoming 2nd quarter of 2013. The highest sale price for a home in Capilano in the last 12 months has been $786,000. The most affordable home in Capilano sold for $300,000. The average time to sell a home in Capilano in the last 90 days has ...
Full Article...