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Maya Norton Real Estate Agent

Phone: 780.489.2969 Fax: 780.486.1421 consult@dmsmarketing.ca www.dmsmarketing.ca

1 2 3 REALTY

STATS ARE REFLECTIVE OF AUGUST 2023 MARKET REPORT

Current

Last Month Last Year

$495,005

1.4%

2.1%

45 56 44 46

Detached Apartment Condo Row/Townhouse Total

$192,815

1.0%

0.5%

$253,345

4.1%

3.6%

$397,811

2.7%

0.5%

AVERAGE PRICE

DAYS ON MARKET

2.5 MONTHS OF INVENTORY

0

1

2

3

4

5

6

7

8

9

10

Sellers Market

Balanced Market

Buyers Market

NEW LISTINGS

ACTIVE LISTINGS

SOLD LISTINGS

3,293

6,770

2,729

What does this mean? It’s all about strategy. Call me to find out how I can sell your home in today’s market! FREE Consultation. Call 780.489.2969.

Source: REALTORS® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Average price is a starting point to see the trends in the market.

HOW TO CHOOSE AN AGENT With a high number of real estate professionals vying for your business, what should you look for in the agent you choose? First, ask friends and family if they have anyone they can recommend and why they liked working with that particular agent. Not only will this give you some leads, but also help you consider what you want out of an agent. Next, look around your neighbourhood to see who is selling properties in your area. Who has a bus bench down the street or a card at the local coffee spot. Experts suggest contacting and meeting with a few different agents to find one that fits you and your needs before committing to one. At minimum, you’re going to want to look for someone who has good communication skills, is quick at replying to calls, messages or texts, has experience and knowledge of your local market. Aside from that, what is their marketing plan like - how do they market your home? Do they work with a team; do they have an assistant? Real estate doesn’t happen only 9am to 5pm, will your agent be available evenings and weekends? These are a few additional factors to consider. If you’re buying, and not selling, you’ll want someone who has a lot of negotiation experience and knowledge of different types of homes. Do they have a resource network available for you such as a mortgage broker, home inspector, lawyer, etc. At the end of the day, you want someone you feel comfortable with as this is likely going to be one of the largest financial transactions in your lifetime.

Being the middle of winter, you may be planning to get away to a tropical destination for a week or two. To keep your home and valuables safe while you’re away, follow these steps so you feel confident you’re not going to come home to a disaster. First, check with your insurance agent if your policy requires someone to check on your home on a regular basis while you’re away. Some policies won’t cover things like sewer backup if no one visits your home to check things out. Before a vacation is also a good time to provide an updated inventory list to your insurance provider too. Therefore, if someone does happen to break in, you’ll have a current list of valuables to make the insurance claim easier. Other than having someone house sit while you are away, the best thing to do is to make your home look lived in on the chance someone is watching your property. HOME SECURITY WHILE YOU’RE AWAY • • • •

Here are a few ideas: • Set lights (interior and exte Leave a radio or television Arrange for someone to rem Put your mail or parcel de pick them up for you Leave a few blinds or curt they’re usually open are a r With a little bit of foresight an home is safe while you are res this winter.

Maya Norton Real Estate Agent 1 2 3 REALTY

C: 780.489.2969 E: consult@dmsmarketing.ca W: www.dmsmarketing.ca

I’ll find the house and you make it your home. I hope these articles can help. Whether you’re looking to buy, sell or stay put, give me a call to chat about real estate anytime.

COMMON QUESTIONS Who, or what, is the CMHC? The CMHC is the Canadian Mortgage and Housing Corporation, a crown corporation responsible for ensuring everyone living in Canada has a place to call home by administering the National Housing Act. Along with providing mortgage insurance to lenders, the CMHC supports both those working in the housing industry as well as consumers looking to find housing. Their website is a wealth of information for those looking for everything from mortgage and rent calculators to market insight and more.

erior) on timers on or put those on timers as well move any snow that accumulates eliveries on hold or have a neighbour tains open – closing everything when red flag that you’re not home nd planning, you can make sure your sting on a beach somewhere tropical

High Demand for More Affordable Properties

Edmonton, September 1, 2023 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for August 2023 hit 2,250, increasing 21.8% compared to August 2022. New residential listings were up 3.7% year-over-year from August 2022. Overall inventory in the GEA was down 15.5% from August of last year. Total residential average prices came in at $397,811, up 0.5% from August 2022. Detached homes averaged $495,005, noting a 2.1% year-over-year increase. Semi-detached sold for an average of $373,175, resulting in a 4.3% increase year-over-year. Row/townhouse prices were up 3.6% from August 2022, selling at $253,345. Apartment Condominium average prices hit $192,815 showing an increase of 0.5% from August 2022. “It’s not unusual to see a lot of activity in the market before we head into the cooler months, but it seems that buyers are sending a clear message that smaller, more affordable properties are what they want right now,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “Unit sales for all categories are up from last year, but Row/Townhouses were the clear winner selling 50% more units than the same time last year and jumping 23.2% from the previous month. Condominium Apartment units continued to perform well, with units selling 25.1% better than August of 2022.” Overall, all residential listings averaged 46 days on the market.

What’s the value of your home? Give me a call to find out.

Source: REALTORS ® Association of Edmonton

Maya Norton Real Estate Agent

ARE YOU LOOKING TO BUY OR SELL? I’m Maya Norton, I sell real estate in this community and I live here, too! I would love the opportunity to work with you. Why should you work with me? I love my job and go above and beyond for you. Here’s the proof: • my listings sell on average in 25 days • my listings sell for 97.8% of their list price, on average • I have a 4.9 star rating on Facebook: @DMSConnectCanada

780.489.2969 consult@dmsmarketing.ca www.dmsmarketing.ca 101-10620 178 St. Edmonton, AB T5S 2E3

This is not intended to solicit anybody currently under contract with another Brokerage.