Carl Phin & Kim McLeod

Need a Reason to Sell Your Home?

Home owners sell and move, on average, every five to seven years. Why do home owners move? People who have lived in the same home for the past 30 years have a hard time understanding this phenomena. They are shocked that people move so often, but I know one thing for certain: Their day to sell and move will come as well.


Here are the top 15 reasons why people sell and move:



1) Home is Too Small. First-time home buyers often outgrow their "starter" homes. Increased family size is the main reason home owners say they need a larger home.


2) Upgrade. The grass is greener on the other side. People often want what they don't have and long for a bigger, more expensive and grander, upscale home.


3) Fix Purchase Error. Owners might believe they made a mistake when purchasing their present home and want to rectify that mistake. Maybe they thought they could get by without a back yard but yearn to garden, or the dining room in the center of the house...

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1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA) in March, up nearly 63 per cent from the 837 homes sold last month, but down 6.13 per cent from the 1,453 relative to March 2015. There were 863 single family detached homes sold in the Edmonton CMA, a 67 per cent percent increase month-over-month, and down only 1.5 per cent from the same time last year. March saw the sale of 335 condos and 144 duplex/row houses, up 44 per cent and 82 per cent from February, respectively. 

 

 

“Sales, relative to last month, were consistent with the seasonal trends that we expect,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “Inventory is growing, with more than 3,000 properties coming onto the market last month. Despite the inventory growth, prices are holding steady, with median prices on par with last year, and average prices up slightly due to the sale of high-end luxury homes in March.”   

 

The...

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Residential sales activity reported through the MLS® Systems of real estate boards in Alberta numbered 3,170 units in February 2016, down eight per cent from a year earlier.

 

Nationally, home sales activity rose 18.7 per cent from year-ago levels in February 2016.

 

The provincial average price for homes sold in February 2016 was $388,037, up 0.6 per cent from a year earlier. The national average price, by comparison, rose 16.9 per cent on a year-over-year basis to $503,057.

 

Monthly residential average prices were up from year-ago levels in South Central Alberta (+11.9 per cent), Central Alberta (+4.3 per cent), Calgary (+2.1 per cent), Medicine Hat (+0.9 per cent), and Lethbridge (+0.9 per cent). In contrast, average prices decreased year-over-year in Edmonton (-0.5 per cent), Alberta West (-5.3 per cent), Grande Prairie (-9.2 per cent), Fort McMurray (-11.4 per cent) and Lloydminster (AB) (-14.9 per cent).  

 

New listings on the MLS® Systems of...

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Residential inventory continues to remain strong, as January closed out with 5,751 properties for sale on the MLS® System for the Edmonton Census Metropolitan Area (CMA). That’s an increase of 39.2% over this time last year, and 13.03% up over last month. Sales for January were down however, with 618 properties selling in the first month of 2016, down 13.32% month-over-month, and 7.21% lower year-over-year (YoY).

 

“Sales volumes are down, relative to the same time last year,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “It is likely that home buyers are responding to current economic uncertainties. Although prices have dropped slightly, they remain stable. Growth in inventory may create more opportunities for potential buyers, and given the low interest rates, we remain optimistic about market growth as we head into the spring buying season.”

 

Prices in all categories saw a decline in the Edmonton CMA market as many lower...

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