July 2014 Edmonton Real Estate Housing Statistics

FULL REPORT CAN BE DOWNLOADED HERE

Edmonton, August 5, 2014: The REALTORS® Association of Edmonton reports that the Single Family Detached (SFD) average price in July was down 2% from June at $426,716 and the All Residential average price was off 2.6% from June at $362,091 in the Edmonton Census Metropolitan Area (CMA). Condo prices were stable month-over-month at $254,654 and duplex/rowhouse average prices rallied with a 5% lift to $360,309.

“Like the shortening summer days and the appearance of fall fashions, real estate prices begin to soften at this time of year,” said REALTORS® Association President Greg Steele. “Despite the seasonal slide, prices in the Edmonton area are still up when compared to the same month last year. The local market continues to be very active and REALTORS® report having a busy month.”  

Year-over-year, the average SFD price was up 3.9% compared to July 2013 and the All...

Nothing feels better than getting into a neighbourhood BEFORE it becomes a trendy hotspot. But how can you identiify those up-and-coming hotspots? Here is what to look for...

1.    Trendy businesses
Look for a surge of trendy businesses moving into an area. Maybe there are more cupcake shops and microbreweries making an appearance, or perhaps the new health food store that everyone seems to be talking about announced a new store in the area. Large businesses especially do a lot more research and analysis of a neighbourhood. So, big businesses moving in often means a lot of homebuyers will follow.

2.    Convenient location
Are there any neighbourhoods that already have a subway station or major highway artery, but aren’t getting the attention that other areas are? As cities gentrify, neighbourhoods with strong transportation grids – whether public transport or by highways and bridges – will become more popular.
3.    Downsides moving...