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Edmonton Real Estate Market Update May 2023 The Edmonton real estate market in May 2023 was characterized by: A decrease in sales activity, with 2,719 units sold, down 6.8% from May 2022. A slight increase in average prices, with the MLS® Home Price Index (HPI) composite benchmark price coming in at $378,800, an increase of 0.5% from April 2023, but a decrease of 8.4% from May 2022. A decrease in days on market, with detached homes averaging 40 days on the market and semi-detached homes averaging 37 days on the market. The decrease in sales activity was likely due to a number of factors, inclu ..read more

Pets have a more prominent role in our lives than ever before. Indeed, a study by the National Association of REALTORS® reported that 70% of households have a pet, but only 40% have a child under 18. Notably, 20% of all buyers even factored their pets into their real estate buying decision! As someone who has experienced pet-induced hiccups firsthand, I'd like to share some pet tips for both buyers and sellers in the real estate market. If You're a Seller with Pets When selling your home, remember: perception is reality. Your home should be a clean, distraction-free canvas for potential buyers ..read more

Let's get straight to the point: if you're investing in a condo, a condo inspection is non-negotiable. Why? Because this simple yet critical process can save you from nasty surprises (and expenses) down the line. But what exactly is a condo inspection? How is it different from a conventional home inspection? Is it really necessary? How much does it cost, and how do you find a reliable inspector? Let's dive in and address each of these questions. What is a Condo Inspection? First things first: a condo inspection is a comprehensive review of a condominium unit's condition. It's similar to a typ ..read more

As spring unfolds and summer draws near, it's the perfect time to rethink your outdoor living spaces. Transforming your backyard into a charming, low-maintenance sanctuary for relaxation, entertainment, and memory-making is more achievable than you might think, thanks to the advent of composite decking. 1. Unparalleled Durability Constructed from an innovative blend of wood fibers and plastic, composite decks are celebrated for their remarkable resilience. They effortlessly resist fading, staining, scratching, and mold - problems that frequently plague traditional wood decks. This durability ..read more

A heat pump cooling system, also known as a reversible heat pump, is a device that can provide both heating and cooling to a building. It works by transferring heat from one place to another, rather than by generating heat or cold directly. Here's a simple explanation of how it works: Heating Mode: In heating mode, the heat pump extracts heat from the outside air or ground (depending on the type of heat pump), even in cold weather. This heat is then concentrated and transferred into your home. Cooling Mode: In cooling mode, the process is reversed. The heat pump extracts heat from the inside o ..read more

Well, well, well, if it isn't the pesky cockroaches and their charming taste for invading our humble abodes. So, what's the secret recipe that attracts these little critters to our homes? Let me spill the beans, or should I say crumbs? First things first, these roaches are shameless foodies. They'll munch on anything and everything they can get their six legs on. So, if you've got exposed or improperly stored food lying around, consider it an open invitation to their little feast. Crumbs, leftovers, unattended pet food—it's like an all-you-can-eat buffet for these pests. But wait, there's more ..read more

To Airbnb or not to Airbnb? That is the question. Here at The Best Edmonton Real Estate Team, we’ve got the answer. The “gig” economy is on the rise. The same goes for online platforms that bring buyers and sellers together. Join the ranks of Canadians who are becoming self-employed and create a second source of income. What Is Airbnb and How Does It Work? Airbnb is an accommodation solution that allows tourists to stay in someone’s private home. Tourists can use a room or an entire home for a night or more. What makes it so popular is that the cost is less than a typical hotel. With Airbnb ..read more

The Edmonton market prices have a slight increase in year-over-year unit sales, as well as month to month sales increase. There have also been more sales of single-family homes, condos and duplexes compared to July of last year. Overall, all residential listings averaged 54 days on market, decreased year-over-year, and decreased by five-days compared to the previous month. Edmonton Homes For Sale Condos for Sale Foreclosure Homes For Sale ..read more

So, you’ve decided to renovate your outdated kitchen in the hopes of improving their property value and accelerating your sale. Of course, you’ve always wanted to try out customized concrete countertops. But now you're left wondering if concrete is the best choice in Edmonton’s market. While not as common or popular as hallowed and oft-envied granite countertops, cement countertops have gained popularity in recent years. This is primarily because of their versatility, customizability, and durability. Still, as a real estate agent looking to turn over the property, there are a few variables yo ..read more