Courtesy of Jeff Tidswell

Jeff Tidswell Your Local Real Estate Expert. REALTOR ® 780.975.3211

FOCUS real estate

jeff@royallepage.ca www.jefftidswell.ca

VOLUME 17 | ISSUE 07

AVERAGE SALE PRICE

HOME SALES SLOW WHILE PRICES REMAIN STRONG

SINGLE FAMILY DETACHED

ROW/ TOWNHOUSE

APARTMENT CONDO

Edmonton, July 2, 2024: There were a total of 2,847 residential unit sales in the Greater Edmonton Area (GEA) real estate market during June 2024. New residential listings amounted to 3,712. Total residential average prices came in at $438,973, a 0.6% decrease from May 2024. Detached homes averaged $539,468, decreasing 1.3% from May 2024. Semi-detached units sold for an average of $422,321, increasing 2.0% from the previous month. Row/townhouse prices dropped 1.5% from May 2024, selling at an average of $290,249. Apartment Condominium average prices hit $211,583, increasing 2.3% over last month. “The market as a whole is at its plateau for the season,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “We’re likely going to see the number of sales continue to decline as we approach the end of summer, but our average prices don’t seem to be declining as much. In fact, prices actually increased in the semi-detached and condo market, which could indicate those properties are attractive to investors at the moment.” Overall, all residential listings averaged 30 days on the market.

$211,583 $539,469 $290,249

UP 12.7% YOY

UP 7.9% YOY

UP 8.5% YOY

SALES TO NEW LISTINGS RATIO

NEW LISTINGS TOTAL 3,712 ACTIVE LISTINGS TOTAL 5,950

77%

ALL RESIDENTIAL

SOLD LISTINGS TOTAL 2,847

Source: REALTORS ® Association of Edmonton

DAYS ON MARKET

29

SINGLE FAMILY DETACHED

25

ROW/TOWNHOUSE

42

APARTMENT CONDO

STEAK KEBAB BOWLS

Courtesy of delish.com

INGREDIENTS: • 1 lb. sirloin steak, cut 1½" cubes • ½ tsp dried oregano • ¼ tsp crushed red pepper flakes • 7 tbsp extra-virgin olive oil • 2 tbsp fresh lemon juice, divided • 3 tsp grated garlic, divided • Kosher salt and black pepper • ¼ c smooth tahini • 1 tsp honey • 8 oz dried orzo (about 1¼ c) • 2½ c low-sodium chicken broth • 1 red onion, cut into 1½" pieces • 1 large yellow or orange bell pepper, seeds removed, cut into 1½" pieces • 10 oz grape tomatoes (about 2 c) • 2 English cucumbers, thinly sliced • 5 oz baby spinach • 1 bunch fresh chives, finely sliced

DIRECTIONS: 1. In a large bowl, combine steak, oregano, red pepper flakes, 1 tbsp olive oil, 1 tbsp lemon juice, 2½ tsp garlic, and 1 tsp salt. Cover and marinate at room temperature at least 30 minutes or up to 2 hours, or refrigerate up to 4 hours. 2. Meanwhile, in a small bowl, combine remaining 1 tbsp lemon juice and ½ tsp garlic; season with a large pinch of salt. Let sit 20 min. 3. Add tahini, honey, 3 tbsp olive oil, and 3 tbsp water to dressing. Vigorously whisk, adding more water as needed, until smooth and easily pourable; season with salt and black pepper. Set aside.

4. In a medium skillet over medium-high heat, heat 1 tbsp olive oil. Add orzo and cook, stirring, until golden, 3 to 5 minutes. Add broth and bring to a boil, then reduce heat to medium-low. Simmer, stirring occasionally and adding more broth ¼ cup at a time if needed, until broth is absorbed and orzo is tender, 8 to 10 minutes; season with salt and black pepper. Cover to keep warm. 5. Preheat grill for 5 minutes. Brush grates with oil. Thread 8 skewers with steak, onion, bell pepper, and tomatoes, alternating with 3 to 4 steak cubes per skewer. Drizzle kebabs with remaining olive oil; season with salt and pepper.

6. Grill skewers, turning occasionally, until vegetables are tender and meat is cooked to desired degree of doneness, 8 to 15 minutes total (grills can vary). 7. In a large bowl, toss cucumbers and spinach with half of dressing. Stir chives into orzo mixture. 8. Divide salad and orzo among bowls; top with kebabs. Drizzle remaining dressing over orzo.

DID YOU KNOW? • It is possible to fry an egg on a sidewalk. Using a good heat conductor (like a frying pan), you can cook an egg when the sidewalk reaches a temperature of about 158˚F (70 ˚C). Any dark surface that absorbs heat like the hood of a vehicle, will also work. • The dog days of summer are usually the hottest days of summer and span the three weeks from July 3 and August 11. They’re called the dog days after the star known as the Dog Star - the brightest star in the sky - Sirius, which rises around this time of the summer. The idea of a smart home is that it provides those living there with an easy way to streamline daily tasks and create a personalized living experience. There are so many different technologies that can be integrated into your home these days and technology is only getting better and more luxurious. Experts predict, based on current trends, there will be over 75 billion gadgets linked to the internet by the end of 2025 and the majority of homes will have at least one form of smart home technology. From security systems, to entertainment features to thermostats, automated window coverings, etc. the options are limitless when looking to make your home more functional for you. If you’re not comfortable researching, installing and utilizing technologies, there are numerous companies popping up that can help you find what you need and want to make your home ideal.

Reading is the sole means by which we slip, involuntarily, often helplessly, into another’s skin, another’s voice, another’s soul.

- Joyce Carol Oates

Joyce Carol Oates - Award winning American author with 58 published novels to her name as well as numerous plays, novellas, volumes of short stories, poetry and non-fiction .

IS YOUR HOME SMART?

CONSIDERATIONS WHEN REPLACING WINDOWS

Replacing your windows for function, style or necessity is a large task and there are numerous considerations to make when choosing the new window. If you’re retrofitting your existing window (just replacing the inside so to speak and leaving the frame) there will be different considerations than if you’re replacing the entire window including frame. Regardless, the first thing you’ll want to decide is whether the window will open, or not, and if so, how it will open - outward (up, down, left or right) or via sliding a pane to reveal a screen? Each has their pros and cons, and one might fit better for your needs than the other. Next, you’ll need to determine what material your new window will be constructed from. Vinyl is great because it tends to be a very low maintenance option that stands up to any weather and is usually most cost effective. Other options include wood, aluminum and fiberglass constructions as well as hybrids like aluminum covered wood, etc. Aside from those considerations, you’ll want to investigate colour, style (grills, bars, etc.) and energy efficiency.

THE SMALL THINGS THAT COULD MAKE OR BREAK A SALE

When listing your home, you may think other people will appreciate your immaculately organized Funko-Pop collection, but you may be surprised to know how small things like that could turn a buyer away from your property unintentionally. The first rule of thumb when preparing your home to sell is to de-clutter. Removing all personal touches such as photos, collections, awards, personal artwork, etc. helps the buyer see themselves in the space and helps them make a connection to your property. Now, if you don’t want to remove every last trace of your personality, you have to consider it may be a detriment to the speed at which your property sells. On the other hand, some real estate sales have gone through because of the personality of the seller igniting something in the buyer. For instance, a hockey team themed basement is a lot to neutralize before listing, but it might resonate with a fellow fan and sway them to purchase your property over another.

FINDING A FLIGHT TRAVEL HACK

Coordinating the aspects of a vacation can be daunting especially if it’s not something you’re used to. From flights to accommodations to meals and entertainment, planning can get overwhelming. One way to ease the overwhelm is to use a travel agent or an online booking site that packages flights and hotels for instance. But, if you’re up for the task, did you know Google Travel exists? Simply enter your departing destination and let Google find the flight that works best for you. You can enter a destination or leave it blank to see what options fit your schedule and budget if you’re not particular in where you are going. Or, if you know where you want to go, you can enter the destination but leave the dates open and Google will find the best rates for you. You can add filters to narrow down your results and even see a map option to get a better idea of destinations.

CAN YOU GET THROUGH THE MAZE?

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ROYAL L e PAGE NORALTA REAL ESTATE Office: 780-431-5600 3018 Calgary Trail NW Edmonton, AB T6J 6V4 JEFF TIDSWELL

Visit www.royallepagenoralta.ca for currently listed homes in and around the Edmonton area.

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