Magrath Heights Edmonton Open House

813 Massey Landing

$858,800

Sunday, February 9, 2020

12:00 PM - 2:00 PM

Main Photo: 813 MASSEY Landing in Edmonton: Zone 14 House Half Duplex for sale : MLS®# E4185545


Stunning Ace Lange CASCADES bungalow nestled on a quiet keyhole in prestigious Magrath Summit. Perfect for those with a busy lifestyle & love to travel. Care-free living with low homeowner fees (NOT a condo)! Walking into the grand foyer you would never know its an attached home with a bright open concept plan & 10 foot high ceilings- perfect for entertaining. Approx 3200 square feet of luxury finishes including a fully finished walkout basement. The main floor den, great room feature soaring vaults, large windows, Chef’s kitchen- Granite counters, huge island, range/oven & a walk-thru pantry. Loads of H/W, a gas FP & A/C are but a few of the features. Luxurious Master Suite features a spa-like ensuite w/10 mil glass shower, soaker tub & a W/I closet. Huge rec rm w/FP, games area w/wet bar, 2 bedrooms, 3 piece bath with in-floor heating for added comfort. Entertain outdoors on your upper deck or lower patio. Sunny south exposure w/auto awning-BREATH TAKING VIEW of POND. Steps to streams, trails and Ravine. oversized 20 X 25 double heated garage w/drain, water & epoxy floor. Missed the Open house at 813 Massey Landing? Contact us for a private viewing.


Thinking of selling your Forest Heights Home? Click here for a FREE in-home evaluation

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South Terwillegar Edmonton Open House

2829 TERWILLEGAR WYND

$668,800

Saturday, February 8, 2020

3:00 PM - 5:00 PM

Main Photo: 2829 TERWILLEGAR Wynd in Edmonton: Zone 14 House for sale : MLS®# E4179970


Simply stunning in South Terwillegar! 2657 square feet of luxury located in desirable Terwillegar Gardens on a quiet cul-de-sac. 4 bedrooms, 2.5 baths open concept home defines excellent craftsmanship, class & elegance. Prof landscaped large yard surrounded by mature trees w/patio, shed, garden, irrigation system, composite deck + newer ground deck perfect for friends/family gatherings. Newly refinished hardwood, new quartz/granite counters, vaulted foyer ceilings, iron railings & lots of natural light thru-out w/lots of windows. The main floor showcases exec den & formal dining, spacious kitchen w/an O/S island, SS appliances+gas range, pantry & eating area. Cosy great room with gas fireplace, perfect on a cold winter day. Upper boasts 4 bedrooms and huge separate vaulted bonus w/builtin media unit, Huge master has W/I, spa-like ensuite with a jetted soaker. Laundry w/sink on the main level. The basement is ready for your personal touch. Long driveway & double attached garage suitable for growing family. Mins to schools, Rec Centre, parks/ponds, shopping. Incredible value! Missed the Open house at 2829 Terwillegar Wynd? Contact Brandon-Lee Abuan at 780-237-7074 for a private viewing.


Thinking of selling your MacTaggart Home? Click here for a FREE in-home evaluation

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MacTaggart Edmonton Open House

7266 MAY ROAD

$788,800

Saturday, February 8, 2020

12:00 PM - 2:00 PM

Main Photo: 7266 MAY Road in Edmonton: Zone 14 House for sale : MLS®# E4183576


Larch Park, perched on the Mactaggart Sanctuary w/parks & ravine trails all within steps & close to Nellie Carlson K-9, shops, restaurants & the Rec Centre. Gorgeous 2600 square feet Perry built features an open concept plan, perfect for entertaining & the growing family. Stunning kitchen w/a huge island, glass tile backsplash, S/S appliances, walk-thru pantry & lots of extra height cabinets. The Great rm boasts soaring vaults, feature FP wall & a wall of windows. Main floor den w/Fr. Drs, spacious mudroom & large dining area. 3 large bedrooms including the master with spa-like ensuite w/shower and body sprays, free-standing tub, His/Hers sinks & O/S W/I closet + extra wardrobes. Bright sunny bonus rm w/a B/I entertainment unit. Fully finished basement with wet bar, fireplace, bedroom & 4 pc. Extra deep lot sides onto a walkway for added privacy & massive low maintenance deck for outdoor entertaining. Loads of upgrades like Hardie Plank siding, engineered H/W, lots of built-ins cabinets & aggregate concrete. BUILTGreen certified for a healthier/efficient home. Missed the Open house at 7266 May Road? Contact Brandon-Lee Abuan at 780-237-7074 for a private viewing.


Thinking of selling your MacTaggart Home? Click here for a FREE in-home evaluation

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Magrath Heights Edmonton Open House

2418 MARTELL CRESCENT

$1,498,000

Sunday, February 9, 2020

12:00 PM - 2:00 PM

Main Photo: 2418 MARTELL Crescent in Edmonton: Zone 14 House for sale : MLS®# E4172985


SPECTACULAR former BIRKHOLZ SHOW HOME. EXQUISITE masterpiece with unparalleled craftsmanship & quality- backing to a mature treed park in prestigious Magrath Heights. Open concept, modern designed home w/over 4100 square feet total luxury living space- perfect for intimate or large gatherings. Custom cabinetry in the Chefs kitchen, lots of natural light, engineered H/W & an ELEVATOR. The reverse walk-out boasts in-floor heating, soaring vaults, a wall of windows. LR w/a wet bar, bedroom/nanny suite, 4pc w/steam & theatre rm. Main floor formal dining rm, den, a Great rm w/a view & top of the line cabinets/appliances incl Sub Zero, Bosch & Wolf. Entertain in style on the massive tiered deck/patio/waterfall in your private west facing yard. Upstairs, the huge master bedroom suite has a luxurious spa-like ensuite w/Kohler body sprays & a huge custom W/I closet. 4 large bedrooms upstairs with ensuites and walk-in closets. Upgr heating/cooling system, TRIPLE garage. Stunning views of the City. Walk to K-9, pond, park/playground, ravine trails. Missed the Open house at 2418 Martell Crescent? Contact us for a private viewing.


Thinking of selling your Forest Heights Home? Click here for a FREE in-home evaluation

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South Terwillegar Edmonton Open House

1247 TREDGER COURT

$688,800

Saturday, February 8, 2020

3:00 PM - 5:00 PM

Main Photo: 1247 TREDGER Court in Edmonton: Zone 14 House for sale : MLS®# E4179975


Ace Lange built South Terwillegar home! Ace Lange 2600 square foot home is close to all amenities & nestled in a cul-de-sac with soaring 18’ ceilings, gleaming hardwood in-floor heating, wall speakers, natural light thru-out from O/S windows, this home is a knockout! Grand entry w/curved stairs & french doors that open to spacious den. Main is ideal for entertaining w/beautiful coffered ceiling in dining, gourmet kitchen w/an island w/eating bar, granite counters, Tuscan maple cabinets w/under lighting, stainless steel appliances and pantry. The kitchen overlooks open to above great rm w/ith a double-sided FP to enjoy both in/out on the 2 tiered deck w/accessed from the spacious nook. Upper FLR reinforces true elegance w/3 large beds, 4pc bath PLUS master retreat w/ensuite created to enhance the spa-like atmosphere for any couple to enjoy w/6' glass shower, corner soaker & W/I closet. Fully finished basement w/ ample entertaining space complete w/theatre/games area, 5th bedroom & flex room. 26 x 24 oversized double attached garage/drain/taps & huge landscaped yard complete this gorgeous home that won't disappoint! Missed the Open house at 1247 Tredger Court? Contact Audrey Abuan at 780-910-5179 for a private viewing.


Thinking of selling your MacTaggart Home? Click here for a FREE in-home evaluation

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Ambleside Edmonton Open House

520 Adams Way

$494,000

Sunday, February 9, 2020

3:00 PM - 5:00 PM

Main Photo: 520 ADAMS Way in Edmonton: Zone 56 House for sale : MLS®# E4183497


First time home buyers look no further in the newer community of Ambleside! This beautiful almost 2100 square foot Jayman built 2 storeys is the picture-perfect home you've been waiting for. As you walk in you are greeted with the open to an above foyer leading you to a bright and open concept main floor. Surrounded by windows the main floor boasts tons of natural light throughout. Cuddle up next to the fireplace in your cozy living room ideal for family movie nights! The spacious kitchen has a huge island with a built-in granite table for breakfast on the go, a corner pantry and ample amount of counter space and cabinetry. The sunny dining nook is ideal for entertaining & can seat 8 comfortably. The upper level leads you to the master ensuite fit for a King and Queen, with a soaker tub & a standing shower. The upper level is complete with 2 additional bedrooms, a 4 piece bath, a tech space with a B/I desk & laundry. The unfinished basement is ready for your personal touch! Located close to all amenities, schools, parks/ponds, this home has it all! Missed the Open house at 520 Adams Way? Contact us for a private viewing.


Thinking of selling your Forest Heights Home? Click here for a FREE in-home evaluation

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Carter Crest Edmonton Open House

1379 CARTER CREST ROAD

$529,800

Saturday, February 8, 2020

12:00 PM - 2:00 PM

Main Photo: 1379 CARTER CREST Road in Edmonton: Zone 14 House for sale : MLS®# E4180668


2,170 square feet, two-storey  Carter Crest family home nestled in a quiet cul de sac. Charming character with numerous renovations. Upgrades included White Ash & Brazilian Tigerwood hardwood, newer carpet, fresh paint on all three levels, faucets, vanity, countertops & California shutters thru-out. The main floor features 9’ ceilings, large windows, gas fireplace with built-ins in the spacious great rm. Kitchen w/lots of white cabinetry, gas range, pot drawers, corner pantry, under cabinet lights, granite island & granite breakfast bar. Sunny vaulted dining rm w/access to the large DuraDeck w/glass rails. Large southeast facing treed fenced yard with stone patio and fire pit. An oversized bonus room with vaulted ceilings, hardwood and built-ins. 3 large bedrooms + 2- 5pc bathrooms including a large master with luxurious ensuite & walk-in closet. Bright fully finished basement bsmt boasts pressure-treated oversized window wells, 2 bedrooms, full bath, laundry rm w/sink & cabinets & lots of storage. Features incl cedar roof, glass insert railing, A/C, drip humidifier, shed, 21 X 20 garage & newer 50-gallon hot water tank. Steps to park, schools, transit & Rec Centre. Missed the Open house at 1379 Carter Crest Road? Contact Audrey Abuan at 780-910-5179 for a private viewing.


Thinking of selling your Forest Heights Home? Click here for a FREE in-home evaluation

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December 2019 Edmonton Real Estate Market Statistics

December 2019 Edmonton Realtor Market Reports


Diving straight into 2020, here are the market updates for December in our communities from the REALTORS Association of Edmonton. As noted in the REALTORS Association of Edmonton latest stats report, total residential sales in the Edmonton Area for December 2019 decreased 23.25% from last month and the number of new residential listings is up.


For the month of December, sold houses are up 9.80%, and condo sales increased by 3.21% from the same period of time last year. Overall, all residential property prices are down slightly with a 2.29% decrease from the previous year. SF houses sold for an average price of $411,317, condominiums sold for an average price of $226,943 and duplexes prices sold at $325,068 on average.


Edmonton real estate prices remained stable this month. We saw an increase in year-over-year residential listings and sales, says our REALTORS® Association of Edmonton Chair Jennifer Lucas. There have been about 75 more sales than we had last December with detached a 4.08% decreased house prices.


Single family houses averaged 64 days on the market, duplexes averaged 75 days and condos saw no changes at 77. Overall, Edmonton area properties averaged 69 days on market, a 4.17% decrease year-over-year, and did not change from the previous month

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November 2019 Edmonton Real Estate Market Statistics

INFOGRAPHICS: October 2019 Edmonton Realtor Market Reports


2019 is ending, and we are gearing up to welcome 2020. Here are Novembers's market updates for areas and communities under the REALTORS Association of Edmonton! As noted on the REALTORS Association of Edmonton most recent stats report, MLS listings are down, and condo prices are up slightly. Total residential sales in the Edmonton Metropolitan Area are virtually unchanged compared to November 2018.


The number of new residential listings is down, dropping by almost ten per cent from a year ago. For the month of November, single family home sales are down 5.82% and all residential average home prices are down slightly at $353,838, virtually unchanged from October 2019. Houses sold for an average of $420,650 and condominiums sold for an average of $228,113. Duplex prices dropped 7.99% from November 2018, selling at $322,330.


According to our REALTORS Association of Edmonton Chair - "The Edmonton market prices remain stable with a decrease in year-over-year residential listings. There are about 260 fewer listings than we had in November of last year, and house prices increased 0.24%, duplexes are down 7.99%, and condos are up 3.37% year-over-year."

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Kenilworth Edmonton Open House - $289,900

7219 83 Avenue

Sunday, December 1, 2019


3:00 PM - 5:00 PM


Main Photo: 7219 83 Avenue in Edmonton: Zone 18 House for sale : MLS®# E4179686


Great opportunity for an investment or first time home buyer in Kenilworth! The floor plan offers a large living room, spacious kitchen with ample cabinets and a formal dining room with access to the deck. Down the hall, there are 2 bedrooms adjacent to the full bathroom. Upstairs there is a unique space that could be used as a bedroom, family room, home office or playroom for the kids! The lower level is finished with a second kitchen, living room, full bathroom, and bedroom. Double detached garage and a nice size yard. Situated in a great family community, walking distance to schools, parks, community arena and a short drive to Downtown and the University of Alberta plus easy access to public transportation.


Thinking of selling your Kenilworth Home? Click here for a FREE in-home evaluation

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Bonnie Doon Edmonton Open House - $585,000

8543 - 90 Street

Saturday, November 30 2019


3:00 PM - 5:00 PM


Main Photo: 8543 90 Street in Edmonton: Zone 18 House Half Duplex for sale : MLS®# E4175071


Four bedroom half duplex conveniently located in the heart of Bonnie Doon! Pristinely maintained and quality you will notice the minute you enter. The open concept offers flow and functionality with the living room with lovely fireplace, spacious dining area & beautiful kitchen with stainless steel appliances, trendy backsplash with windows and a large island. Upstairs is bright and features a laundry room, 4 piece bath and 2 bedrooms including the master with 4 piece ensuite. The finished lower level provides even more living space with a 2nd kitchen, living room, 2 bedrooms, full bath and laundry! Your landscaped yard is gorgeous with perennials, patio area and double detached garage. You’re sure to enjoy the lifestyle that comes with living in this neighbourhood such as ravine walks throughout the year, amazing cafes near-by, Community Park & is only minutes to Downtown, the University of Albert plus awesome shopping and restaurants along Whyte Avenue. A must see!


Thinking of selling your Bonnie Doon Home? Click here for a FREE in-home evaluation

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Strathearn Edmonton Open House - $699,000

9245 - 86 Street

Saturday, November 30 2019


12:00 PM - 2:00 PM


9245 86 Street in Edmonton: Zone 18 House for sale : MLS®# E4176051


If you have been looking for your new home in one of Edmonton’s desirable communities, welcome to this stunning 2 storey home in Strathearn, amazing proximity to the Valley LRT drop off/pick up platform. Holyrood stop only steps away! A selection of elegant finishes such as Engineered hardwood & upgraded Kitchen Aid Appliances including built-in convection microwave, fridge with filtered water & ice maker, convection oven, upgraded washer & dryer set with special allergen & sanitize cycles. The main floor is bright & open, upstairs the master suite lives up to its name with a beautiful ensuite. 2 additional bedrooms, 4 piece bath & laundry rm complete this level. The most storage you’ll find in an infill. 9’ ceilings in the finished basement, 10’ on the main & 9’ on the upper level. Private rear deck with 6’ wooden privacy screens on each side & BBQ gas line. Great location, only 2 blocks to the elementary school, 5 blocks to Vimy Ridge & Bonnie Doon Leisure Centre with saltwater pool. A must see!


Thinking of selling your Strathearn Home? Click here for a FREE in-home evaluation

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How to Accurately Price Your Edmonton Home

Not sure what to ask for your Edmonton (or surrounding area) home? First, you should know the numbers on your remaining mortgage balance, payout penalties, closing costs and real estate commissions and what you will need in your pocket to be able to sell your property.


Pricing any real estate accurately is based upon a few factors. One of the main factors right now in Edmonton and the rest of Alberta is the economic and political factors. If there is no consumer confidence, a few thousand dollars can make a big difference in today real estate market when buyers are contemplating between your home and the comparable one down the street. It doesn't matter if you have just renovated your bathroom. Pricing is a key factor in a "downturn", "soft", or "buyers market".


Edmonton Selling Realtors Image


When pricing your property - from the start - you need to take a step back and look at it through the eyes of a buyer and do some research. A few of the key components in choosing a realistic price when putting your home for sale include these tools which a real estate agent can provide you:


Your tax assessment is only a starting point:


Do not base pricing your home on this alone, Your tax assessment is a good starting point, but may have been over or under assessed depending on the real estate activity in your community over the last few years. Were there lots of homes foreclosed upon near you? Did you originally pay too much for your property when you purchased it? Were there several homes sales at the turn of the market? All of these factors are taken into consideration when the city does your property tax assessment.


Know your community absorption rate:


A real estate absorption rate is the number of months it would take to sell the current inventory in your community assuming no other homes are added to the market. An absorption rate is a great tool used by Edmonton Realtors to predict the rise and fall of real estate prices. Knowing the absorption rate of a community can give home sellers an advantage to pricing a property, knowing how many days they should expect their home to be on the market.


Is your home worth the asking price:


Does your home offer value: Foreseen residual or potential income can increase the value of your home. If you have a garden suite or a basement suite, ensure that you have the permit documentation. Value can be in others forms as well, such as living in a community which is undergoing a transformation. Items such as an oversized back yard or outdoor swimming pool do not necessarily add any value.


Is your property a money pit: Some homeowners think changing the flooring and adding a fresh coat of paint will increase the value of a property. This is only a quick fix and should be done will help and if there are any concerns during a property inspection, the buyer will no go forward without compensation or not at all. If you have an older home, there are several items which should be repaired, replaced or upgraded including the shingles, windows, exterior grading, furnace, electrical and plumbing. If you have not been diligent with home maintenance, price your home accordingly.


Location! Location! Location!


If you are situated along or near a busy road, train track, or a factory, your house price will be worth a bit less - no matter how pretty your home is and vice versa, if you are situated along a ravine, park or green space, in a community which is undergoing revitalization or has a positive economic factor, or feature a great view, your home will be worth more money. 


Comparative Market Analysis


A CMA or Comparative Market Analysis should not be confused with an appraisal. An appraisal is a price, usually completed by a financial institution and is based more upon what it cost to rebuild the current condition of the property. A Comparative market analysis is usually performed by an experienced Real Estate Professional, to determine a range of value for a Real Estate Subject Property.


It is the current value or price range of residential property in a community which has been compared to properties which would be your competition if you were selling in today's real estate market, properties nearby which have recently sold, and properties which were listed, but did not sell. Adjustments are made to these comparable properties to reflect the tangible and non-tangible differences in value between the comparable homes and the sellers' property.


Contact us today for an accurate Edmonton home selling price. 

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Home > Real Estate Tips for Sellers > Cost of Selling a House in Edmonton 

Can You Afford to Sell Your Edmonton Home in 2020?

Although the Edmonton real estate market is still soft with dormant house prices, buyers are starting to come out of hiding to look in anticipation of our economic optimism and 2020 looks to be a better year to sell your Edmonton house. 



If your planning on selling your Edmonton home this year, do your homework and estimate your closing costs to ensure you have enough money to make your move. There is nothing worse than sitting with your lawyer and not having enough funds to close your sale.


When a home is sold, the seller incurs various closing costs in addition to paying out the remaining balance on their mortgage and payout penalties. Typical closing costs for a seller may include any property taxes which are in arrears, encumbrances, the cost of a real property report with compliance and/or title insurance, any permits which were not obtained earlier, real estate commissions, any provincial, GST revenue, agricultural or business taxes, liens and legal fees. If the property is a condominium, the seller may also have costs of condominium documents, unpaid condo fees, levies and the estoppel certificate. When selling a house in Edmonton, the seller's costs vary from a few hundred to several thousand.


Since our Edmonton economy is not in the best shape and buyers have become nervous about making large purchases, there are several ways to maximize the value in your home without major renovations including staging and a little bit of home maintenance. Pricing your home correctly in today's Edmonton Real estate market is crucial and timing is also a factor. Read more on your community absorption rate and find out how long it will take to sell your home in Edmonton.


If you are not sure if you have enough equity in your home, contact one of our real estate experts for a free home evaluation.

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Remembrance Day events taking place in Edmonton on Monday, November 11 2019

Please join us to pay respect to our Canada's fallen soldiers. There are several events taking place in Edmonton with the largest ceremony at the University of Alberta's Butterdome located at 87 Avenue at 114 Street. Please arrive early and be seated by 10:00 a.m. Other Remembrance locations:



City Hall Ceremony


Located at Sir Winston Churchill Square in downtown Edmonton. This service will be led by the Commanding Officer of the Loyal Edmonton Regiment. Following the service, there will be an outdoor procession to the City Hall Cenotaph, where wreaths will be laid.


Beverly Memorial Cenotaph


Mounted troops will lead a ceremony at the Beverly Memorial Cenotaph at the oldest war memorial in Edmonton.

This service begins with a march from 119 Avenue at 47 Street that will proceed to the Cenotaph Grounds for a ceremony at 10:50 a.m.


McDougall United Church


McDougall United Church will host a prayer service and walk for peace Monday evening, making stops to reflect and remember. The walk will be led by members of four different faiths which begins at 7:00 p.m. and Prayer service hosted at McDougall United Church will begin at 6:00 p.m, at 10025 101 Street. 


Military Museum


The Loyal Edmonton Regiment Military Museum will also be hosting a special event with tours and activities after the 11:00 ceremony. This event will be free and is open to everyone. The Loyal Edmonton Regiment Military Museum is located at 10440 108 Avenue.


Legion services


Several Royal Canadian Legion branches will host their own Remembrance Day services, including:

  • Jasper Place Branch #255: 10 a.m. to noon at the West Edmonton Mall Mayfield Toyota Ice Palace.
  • Kingsway Legion Branch #175, 14339 50th St. NW. The ceremony starts at 10:30 a.m.
  • Norwood Legion Branch #178, 11150 82 St. Service begins at 10 a.m.

Light the City


After the ceremonies, please take a tour around our great city and join us at the High-Level Bridge, Walterdale Bridge, Muttary Conservatory, Rossdale Power Plant and City Hall will also be lit in red on remembrance Day. This is some of Edmonton's most beautiful sights to see. Don't miss it!


ETS Remembrance Day Service for our DND Members is free


Edmonton Transit is free for veterans and active members who are in military uniform or legion dress, with a Canadian Forces or RCMP identification card, or with a Veterans' card or National Defence Record card identifying the individual as past or current military personnel. Buses and LRT will stop for a moment of silence at 11 a.m. as long as it's safe to do so.

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October 2019 Edmonton Real Estate Market Statistics

October 2019 Edmonton Realtor Market Reports


Temperatures are going down, but sales are going up within the Edmonton market! Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!


According to their most recent market report, sales volumes are going up as inventories are going down. Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of October 2019 increased 8.10% compared to October 2018 and decreased 3.82% from September 2019. The number of new residential listings is down, dropping 5.92% from October 2018. Overall inventory in the Edmonton CMA fell 9.26% from October of last year.


Single-family home unit sales are up 3.85% and condo unit sales increased 5.30% from the same period of time last year. All residential average prices are down slightly at $353,546, a 2.44% decrease from October 2018, and are virtually unchanged from September 2019.


Houses sold for an average of $420,939, a 1.73% year-over-year decrease from October 2018, and they are virtually unchanged at a 0.13% decrease from September 2019. Condominiums sold for an average of $227,802, a 2.96% increase year-over-year, and a 4.66% increase from the previous month. Duplex prices dropped 1.43% from October of last year, selling at $328,975, which was a 4.15% decrease from the previous month.


Houses averaged 60 days on the market, a two-day decrease from last year. Condos spent six days more on the market, from 70 to 76 days, while duplexes averaged 63 days on market, a three-day decrease from October 2018. Overall, all residential listings averaged 65 days on market, a 1.52% decrease year-over-year, and increased by two days from the previous month.

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Home >  Real Estate Q and A > How long does it take to sell

Predict how many days it will take to sell your home.

When homeowners interview real estate agents, sellers often ask "How long will it take to sell my house?" Although there is no magic way of knowing the answer, know what is currently happening economically and by using a real estate absorption rate will give a good indication of how long a property will be on the market. An absorption rate will also tell us if it is a buyers market or a seller's market and is often used by real estate investors. It can also give a prediction on the demand of an Edmonton community.



Knowing how to use and calculate absorption rates using this real estate tool has several benefits. It's the best thing next to a crystal ball. An absorption rate It is a rate at which homes sell in a given area during a given time period. The absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.


For example, if there are 100 houses listed for sale in a certain area, and 10 houses sold over the last month, the absorption rate is 10/100=10%. Which means, assuming no other house listing are put on the market, it would take 10 months for buyers to purchase enough properties to absorb the real estate demand.


As a rule of thumb, an absorption rate of 20-25% or higher means that homes are selling quickly and the market favours sellers. Lower absorption rates mean that homes are not selling quickly and supply is much greater than demand, favouring buyers. Community absorption rates predict the number of days it takes to sell a home in any real estate market. 


A few other time factors to take into consideration are the correct pricing of your home, your agents' marketing for maximum exposure (not just putting your home on the MLS & expecting a sale), capturing those buyers who have expressed an interest but are still looking, offering a reasonable finders fee to the selling agents, proper negotiation of all offers, ensuring all of your real estate documents are current.


For those home sellers who are in urgent need to sell to avoid the foreclosure process, there are a few perks your financial institution may be able to help you with. Give them a call today!


If you are thinking about selling in Edmonton or the surrounding area and would like to know the absorption rate in your community, contact us for a free home evaluation.

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Home > Real Estate Tips for Sellers > How to Hire a Great Realtor when Selling

How to Hire a Great Edmonton Realtor when Selling (& Buying)

Be cautious with any REALTORS who charge upfront fees! Most Real Estate Companies DO NOT charge up-front fees. All expenses should be paid by your Realtor from their own pocket. Once your home is SOLD, the Realtor will receive the remuneration you have agreed upon in your listing agreement. In the event your home does not sell during the term of the agreement - unless otherwise written - there is NO CHARGE.


Selling Edmonton Realtors Image


There are almost 4000 licensed REALTORS® to choose from to help you sell your Edmonton home. When a municipality is a hot market, anyone can sell a property, but great real estate agents are able to sell in any market.& In a soft market or "buyers market", it is crucial to choose a REALTOR® who knows how to sell houses or you can become an expired statistic. Currently (2019) in Edmonton about 40% of homes are selling.


There are a few questions to ask a listing real estate agent prior to having them in your home, which will eliminate inexperienced agents and save you time and money. When REALTORS® are on a "Listing Appointment", the intention of the agent is to get you to sign the agreement to put your home on the market. After an agent has completed their marketing plan, strong agents will ask for the business. A weaker agent will not.


The three biggest mistakes sellers make when selecting an agent is basing their decision solely on commission, price and the ability to market your home.


Lowest real estate commissions:


Agents in Edmonton have business expenses, which can run into the thousands every month. Part of these expenses is the cost to market your home. If an agent is listing your home for a lesser commission, don't expect them to pay money they don't have to market your property. A good agent will not ask for any money upfront. Why would you pay someone for a job which has not been done? There is always a reason why a broker or real estate agent would discount a real estate fee. Ask yourself why. Is the agent desperate for business or unqualified? Do you want to work with a desperate agent?


Highest Asking Price:


In the real estate industry, there is a term, called "Buying the Listing". This means, an agent has told you, your home is worth more than it really is, just to get you to sign the listing agreement. Expect to reduce or price once or twice during the agreement or worse, be added to the Expired list (Homes which do not sell). REALTORS® already have an idea of what your home is worth, even before stepping into your home. Beware of an agent who is trying to buy the listing.


Ability to Market Properties:


Today, almost every buyer and seller start the home buying and selling process online. You may want to use "Mom and Dads REALTOR®, but are they tech-savvy? There is so much more to marketing a home than putting it on Realtor.ca. Anyone with a real estate license in Alberta can do this, you don't even need to live in Edmonton. Finding a qualified buyer who is ready, willing and able to purchase your home is more valuable to you than generating leads.


If your home is not exposed on the internet, by a tech-savvy Agent, buyers will not find it. Online advertising and property websites are now a basic requirement in modern home buying and selling. REALTOR®’s success also depends on how well they can market homes. Google the agents' website, prior to inviting them into your home. Find out how many listings the agent is carrying. If the Real Estate Agent only has one or two listings, they may be part-time, maybe more comfortable working with buyers or may not know how to market your home. An agent who is carrying too many listings can be overwhelmed and you may end up becoming a number instead of a client. A good rule of thumb is, hire an agent who carries 10 - 20 listings at a time, this is usually an indication of an above-average real estate agent.


The bare minimum marketing you should expect from your agent is:

  • Professional yard signage.
  • Lockbox with electronic monitoring
  • Follow-up reports on buyer showings with feedback to the seller
  • Staging advice to make your home more attractive to potential buyers.
  • Digital targeted marketing.
  • MLS exposure with a minimum of 30 professional photographs
  • Virtual tour.
  • Distribution to major websites.
  • Updated CMAs after 30 days including the recent sales
  • The ability to track online buyers

During the listing appointment, there are a few things that need to be noted which include how long was the agent in your home. Eliminate agents who view your home and arrive at a "listing price" within a short period of time. Although their price may be accurate, they haven't taken the time to show you how they arrived at the price or what they do and how they get homes sold. A good listing agent will show you comparable sales, pending sales, actives, educate you on the current market and show you their marketing plan. If the agent has no statistics, home sales are located in a different community or are not prepared, could be a red flag.


A great Edmonton Real Estate Agent will have spent time prior to meeting you, completing research on your home. They will have all the necessary information to price your home accurately. (highest possible asking price to attract reasonable offers) The agent will be prepared for anything including objections or concerns you may have. They will take the time to complete an accurate CMA, community absorption rate, thoroughly go over their marketing plan and address any unforeseen concerns they may have prior to asking for the listing. This is a valuable asset to the hiring experience.


Were all of your concerns addressed: Pay close attention as the REALTORS® goes through their marketing plan. Many of your concerns will already be addressed by a good agent. Pay attention to what is said. If it is mostly about how many homes they personally sold and how quickly, expect them to suggest a lower selling price below the true market value. These agents want to get your home sold as quickly as possible and move on. If the agent has not addressed most of your concerns. This can be a red flag.


Hire a professional: A huge misconception is every agent deals with the same type of buyers and sellers. In fact, there are agents who only list and agents who only deal with buyers. Not all agents work all price ranges. In Edmonton, there are real estate agents who specialize in mobile parks. They know how important it is to have the "criminal check" completed prior to writing an offer. An agent who specializes in luxury homes should have the extra knowledge required for selling a home under a company name, know the differences between the brands and grades of hardwood.


If you are relocating, a relocation specialist is the best. They have contacts with other relocation REALTORS® who they have already done business with and can recommend a great agent for you at your destination which will make for a smoother move. Go with your instinct: Selling a home is a major decision. You need to like, trust and feel comfortable with the REALTOR® you choose. Personality and character traits are also extremely important but don't show on paper. Buying and selling homes in a soft market, can take time and choose the right agent will be a positive experience. Choosing the wrong agent can lead to months of frustration and an unsold house.


Contact us today for your FREE HOME EVALUATION

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Home > Real Estate Tips for Sellers > How to find a qualified buyer

How to find a QUALIFIED buyer

Finding a QUALIFIED buyer for your home is not easy. Everyone wants to own real estate, but not everyone can qualify. If you have been trying to sell your property and are finding it difficult to find a buyer for your home, there are some tricks to the real estate trade. Especially now with the government restrictions put upon us with qualify at 2% higher than your interest rate.


Buyers Agents Edmonton Image


Open Houses


Open Houses in Edmonton can be hit and miss. You can't put up signs and expect a buyer who is in a position to purchase, who thinks your home is perfect and is qualified to purchase to walk off the street and put an offer on your home. It is not that simple. Keep an open mind. Most buyers attending Open Houses are still in the "looking stage". Open Houses can receive constant foot traffic if done right. Read more on how to have a productive open house.


Adjust your expectations


Not everyone who inquires on your home is really interested. There is no such thing as a perfect home. You may love your home, but the reality is, your home is only a tangible commodity. Appraisers, inspectors, lawyers, financial institutions, and BUYERS can appreciate the effort of any upgrades, but it really comes down to money. Even if you find a buyer who is willing to pay more for your home because it staged, does not mean it will be appraised at the agreed-upon price, therefore cannot sell.


Talk to REALTORS


Expect calls from Edmonton Real Estate Agents. Listen carefully. You will know in the first few minutes if they are looking to help you sell (list) your home or have a qualified buyer who has inquired through them. Buyers who are working with real estate agents in Edmonton, are under a signed Buyers Brokerage Agreement and must fulfil their obligations if interested in your home. The real estate agent will be asking questions, lots of them. The agent is working in the best interest of their client buyer and is working in the best interest of their client.


The agent may be looking for more business and is calling to list your home. Take the time to talk. You may not want to list your home at this time, but if you are the one asking questions, you may learn something which will help you sell your home on your own. There are many real estate agents do not deal with buyers and specialize in listings only.


Marketing


There is more to marketing a home than putting your property on the MLS which impacts Realtor.ca, putting a sign in the front yard and adding a key box to your entrance. Advertising by word of mouth is a big advantage. There are almost 4000 Real Estate Agents associated with the Edmonton Real Estate Board who talk to each other. Tell your friends, family, co-workers, doctor, dentist and everyone you meet. Marketing your property to attract buyers who are qualified and in a position to purchase a property takes work and experienced, tech-savvy REALTORS have the know-how. This includes knowing the absorption rate in your community.


Find a great Edmonton Real Estate Agents who target markets homes to find the right buyers

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Home > Edmonton Communities > Heritage Valley Edmonton

Welcome to Heritage Valley Edmonton

Heritage Valley is one of Edmonton's largest and newest districts located in far south Edmonton established in 2001. There are currently 14 communities in total including Allard, Blackmud Creek, Callaghan, Cavanagh, Desrochers, Chappelle, Graydon Hill, Hays Ridge, Heritage Valley Town Centre, MacEwan, Paisley, Richford and Rutherford.  Plus the future community of Cashman. Although nearby, Blackburne does not form part of the Heritage Valley. It is bounded by 170th Street NW, 41st Avenue SW, Ellerslie Road.


Heritage Valley Edmonton Image


The nearby Currents of Windermere and Southgate shopping centres offer a variety of retail, dining, and medical and dental options. The Heritage Valley Town Centre will also provide many new shopping opportunities when construction is complete. Close proximity to the Anthony Henday, as well as the major bounding roadways, provides residents with access to amenities throughout the city.


The international Airport, Jagare Ridge Golf Club and South Edmonton Common are also nearby.

Each community in the Heritage Valley area has plenty of green spaces, and walking trails for homeowners to enjoy. Most of the Streets in the Heritage Valley Area are named after Edmontonians. There is also a new future hospital with plans underway and plans to extend the LRT.


Callaghan, Richford and Rutherford are the most prestigious communities in the Heritage Valley Area, while Allard and Blackmud Creek feature more value per square foot than other Heritage Valley area homes. View homes for sale in the Heritage Valley.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.