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Edmonton and St. Albert Real Estate Market Trends

By Christine Downey Subscribe to RSS | June 29th 2012 | Views:
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For those planning to buy a home in Edmonton, this is the right time, as housing is the most affordable now. Edmonton MLS listings sales figures reveal that single family houses are doing well but condo homes are not performing as well. Nonetheless, home buyers can make use of the opportune moment and cash-in on the Edmonton and St. Albert market.

About St. Albert Real Estate

St. Albert is a very good community to settle; being the second biggest city in Edmonton, St. Albert is a sought-after place. The city continues to expand at a good pace; this is why St. Albert real estate has become popular.

St. Albert is a vibrant city; it offers all amenities including good schools, hospitals, community and sports clubs and verdant parklands. Families who settle here are experiencing a comfortable living without the heavy industrial growth as in other areas.

St. Albert real estate is said to remain stable and continue this way for the rest of this year. It’s unlikely that any real external force can affect the market in the present circumstances. Only a marginal increase is expected; single family houses are likely to increase by 2% while condos by about 1% as there is oversupply.

Buying a Home in St. Albert

If you are searching for a home in St. Albert, it’s a wise decision; St. Albert real estate is catching up and making great developments in the infrastructure of the city. This has led to numerous families moving here to set up home. The first step in finding a home is to contact a good real estate agent who is up-to-date with the home listings and understands the market well.

Both buying and selling is a daunting task that cannot be managed by you alone; that is why an agent can guide you to the right home. Real estate agents will know the neighbourhoods and can direct you to the latest listings.

Real Estate Market Trends in Edmonton

According to the Edmonton MLS listings, the available homes in the inventory were slightly higher than the previous months. Today, Edmonton offers a variety of neighbourhoods, houses and stable prices which are excellent factors to make a purchase.

The average price of an Edmonton home in May 2012 was 3.2% more than the previous month. A detached home was up by 1.7% and the price of condo also went up by 5.9% more than April prices. On the contrary, duplex houses and row houses saw a drop by 5.5%. Unlike the national trend, housing in Edmonton is becoming affordable.

Edmonton MLS listings show an increased sales activity in May; however, the bigger picture reveals that the average cost of a house for a single family is more or less the same as it was 5 years ago. The inventory for April 2012 has been the lowest since the last 5 years. Therefore, if supply reduces, there is a possibility for prices to go up.

Christine Downey - About Author:
Christine Downey specializes in the sales and marketing of Alberta's fine homes commercial properties, Condos For Sale In Edmonton and Houses For Sale In Edmonton.

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