Jason Thomas BCom
Royal Lepage Summit Realty
2611 Ellwood Dr S.W., Edmonton, Alberta
P: 780.499.5696
F: 780.431.1600
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Edmonton Homes for Sale

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Friday, April 26, 2013 - Kenilworth Home Sale Prices

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 ...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Fri, 26 Apr 2013 02:22:40 +0000

Friday, April 26, 2013 - Belmont Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Fri, 26 Apr 2013 02:11:26 +0000

Wednesday, April 24, 2013 - Home Sales Near University of Alberta

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Wed, 24 Apr 2013 20:13:08 +0000

Wednesday, April 24, 2013 - Dechene Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Wed, 24 Apr 2013 19:06:22 +0000

Wednesday, April 24, 2013 - Belvedere Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Wed, 24 Apr 2013 18:57:39 +0000

Wednesday, April 24, 2013 - Best Neighbourhoods in Edmonton

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Wed, 24 Apr 2013 18:25:52 +0000

Tuesday, April 23, 2013 - Lot Values in Edmonton

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 ...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Tue, 23 Apr 2013 20:28:55 +0000

Monday, April 22, 2013 - Duplex Sales in Edmonton

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 22:28:53 +0000

Monday, April 22, 2013 - Basementless homes in Edmonton

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 22:12:32 +0000

Monday, April 22, 2013 - Lauderdale Home Selling Prices

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 ...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 21:50:42 +0000

Monday, April 22, 2013 - Dovercourt Home Selling Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 21:37:19 +0000

Monday, April 22, 2013 - Condo fees and sale prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 19:52:30 +0000

Monday, April 22, 2013 - Edmonton Condo Special Assessments

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 19:50:10 +0000

Monday, April 22, 2013 - Edmonton Condo Fees

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 22 Apr 2013 19:49:00 +0000

Thursday, April 18, 2013 - Pollard Meadows Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 18 Apr 2013 21:15:56 +0000

Thursday, April 18, 2013 - Killarney Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 18 Apr 2013 21:06:34 +0000

Thursday, April 18, 2013 - Oliver Condo Selling Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 18 Apr 2013 20:55:55 +0000

Tuesday, April 16, 2013 - Avonmore Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Tue, 16 Apr 2013 20:25:31 +0000

Tuesday, April 16, 2013 - Castledowns Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Tue, 16 Apr 2013 20:08:37 +0000

Tuesday, April 16, 2013 - Clareview Home Sale Prices

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 ...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Tue, 16 Apr 2013 02:44:37 +0000

Tuesday, April 16, 2013 - Millwoods Home Sale Prices

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 ...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Tue, 16 Apr 2013 02:31:06 +0000

Thursday, April 4, 2013 - Belmead Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 04 Apr 2013 02:41:12 +0000

Thursday, April 4, 2013 - Wellington Home Sale Prices

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...

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 04 Apr 2013 02:28:21 +0000