Courtesy of Frank VanderBleek

Frankly The Best

FOCUS real estate

REALTOR ®

780.431.5600 frank@royallepage.ca | www.franklythebest.ca

VOLUME 17 | ISSUE 11

AVERAGE SALE PRICE

INTEREST RATE IMPACTS ADDING PRESSURE TO EDMONTON MARKET

SINGLE FAMILY DETACHED

ROW/ TOWNHOUSE

APARTMENT CONDO

Edmonton, November 4, 2024 There were a total of 2,489 residential unit sales in the Greater Edmonton Area (GEA) real estate market during October 2024. New residential listings amounted to 2,934. Total residential average prices came in at $440,089, reflecting an overall increase of 11.1% compared to October 2023, Detached homes averaged $552,954, showing no change from September 2024 but still 13.6% higher than the previous year. Apartment Condominium average prices dropped 4.1% from September 2024 to $191,413, ending the month of October 6.0% lower than the previous year. “The impact of lowering interest rates is keeping us busy, with buyers taking advantage of their increased buying power,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “The number of units sold has spiked shortly after recent interest rate announcements, and while month-to month prices are less volatile, overall, they’re still showing a marked increase from last year.” Overall, all residential listings averaged 37 days on the market. Source: REALTORS ® Association of Edmonton

$307,854 $191,413 $552,954

UP 19% YOY

UP 13.6% YOY

DOWN 6.0% YOY

SALES TO NEW LISTINGS RATIO

ACTIVE LISTINGS TOTAL 5,125

85%

NEW LISTINGS TOTAL 2,934

ALL RESIDENTIAL

SOLD LISTINGS TOTAL 2,489

DAYS ON MARKET

38

SINGLE FAMILY DETACHED

35

ROW/TOWNHOUSE

45

APARTMENT CONDO

Courtesy of tasteofhome.com

CHEESY BROCCOLI SOUP IN A BREAD BOWL

INGREDIENTS:

DIRECTIONS: 1. In a 6-qt. stockpot, heat butter over medium heat; sauté onion and garlic until tender, 6-8 minutes. Stir in broccoli, carrot, stock, cream and seasonings; bring to a boil. Simmer, uncovered, until vegetables are tender, about 10-12 minutes. 2. Mix cornstarch and water until smooth; stir into soup. Bring to a boil, stirring occasionally; cook and stir until thickened, 1-2 minutes. Remove bay leaves. Stir in cheese until melted. 3. If using bread bowls, cut a slice off the top of each bread loaf; hollow out bottoms, leaving ¼ inch-thick shells (save removed bread for another use). Fill with soup just before serving. 4. Serve soup with toppings as desired.

• ¼ cup butter, cubed • ½ cup chopped onion • 2 garlic cloves, minced • 4 cups broccoli florets • 1 large carrot, chopped • 3 cups chicken stock • 2 cups half-and-half cream • 2 bay leaves • ½ teaspoon salt

• ¼ teaspoon pepper • ¼ cup cornstarch • ¼ cup water or additional chicken stock • 2½ cups shredded cheddar cheese • 6 small round bread loaves Optional toppings: Crumbled cooked bacon, additional shredded cheddar cheese, ground nutmeg and pepper

SURPRISING SNOWFLAKE FACTS

Edith Sitwell (Sept 1887 - Dec 1964) was a British poet who published her first poem in 1913 which started a life long career where she received the Benson Medal of the Royal Society of Literature. — Edith Sitwell Winter is the time for comfort, for good food and warmth, for the touch of a friendly hand and for a talk beside the fire: it is the time for home.

The largest snowflakes ever reported were in Fort Keogh, Montana in 1887 and were reported to be around 15" wide!

Snowflakes are extremely cold, water droplets that freeze onto a pollen or dust particle in the sky forming an ice crystal. As this ice crystal falls to the ground, water vapor freezes onto the crystal building new crystals and thus the snowflake.

A snowflake can take hours to fall from a cloud to the ground as they tend to float down from about 1.6 kilometers to 6.4 kilometers per hour.

TIME FOR AN ANNUAL FIREPLACE INSPECTION

Before the temperatures drop and you start using your fireplace to warm your home, industry experts suggest having it inspected. An inspection will ensure your fireplace is safe to use, is performing efficiently and complies with local codes and standards. An inspector might also suggest tips on how to prolong the life of your fireplace and how to keep it burning clean to keep your emissions and environmental impact low. This annual task should be performed by a professional but that doesn’t mean you can’t keep an eye out for potential issues throughout the season. Look for any signs of damage to the exterior, if dust or debris has collected in or around the fireplace, if the flame isn’t consistently blue or shows irregular flickering patterns and other changes in typical function. These are signs that something could be amiss and should be checked out as soon as possible.

CUSTOMIZING GENERIC FURNITURE PIECES

Furniture from a big box store is great - it’s affordable, easily accessible, functional and a blank canvas for you to customize. Imagine if everyone in your family received the same piece of furniture and free reign to adjust it to suit their needs. Each unit would look and function completely different. That’s the benefit of purchasing simple furniture pieces that are rather generic to begin with. As your decor and tastes evolve, you can change them rather easily. From paint, to peel and stick tiles, to hardware and feet, the options are really endless. Then, if you grow tired of the piece or it’s no longer functional, you can change it again, sell it or donate it without feeling guilty. Therefore, before your next big purchase, consider buying something you can personalize yourself. Look online for inspiration or head to your local craft supply or home improvement store to see what inspires you.

COLD AND FLU SEASON

As we all know, getting a flu shot is a highly recommended way to prevent the flu this time of year. In addition to preventative vaccines, health experts remind everyone to take these preventative measures to avoid picking up a cold or flu: 1. wash your hands regularly and thoroughly (for at least 20 seconds with lots of soap and scrubbing) 2.ensure you’re eating a balanced diet 3.drink enough fluids so you’re not dehydrated 4.prioritize sleep; aim for seven to eight hours each night 5. reduce stress to keep your immune system in tip top shape 6.exercise daily If you do happen to catch a cold or flu, stay home and away from others to avoid spreading your germs. Cover your nose and mouth when you cough or sneeze with a tissue or the crook of your elbow and wash your hands or use hand sanitizer often.

SNOW SHOVELLING TECHNIQUE

Even if it’s your thousandth time shovelling snow, it doesn’t hurt to review proper snow shovelling technique. Like any activity, be sure to stretch and warm up before starting. Stretch your arms, legs, shoulders and back and then march in place for a few minutes to loosen up your body so you’re less likely to get injured. Take frequent breaks if the snow is heavy or your area to shovel is large. Remember to stay hydrated and don’t shovel on a full stomach; wait a couple of hours after eating. As for technique, aim to push the snow out of the way rather than lift it. Shovel small amounts at a time, especially if the snow is particularly deep or wet to prevent injury. Keep your core engaged (tighten your stomach muscles) when pushing or lifting and avoid twisting your body. Keep your feet hip width apart for balance and hold the shovel close to your body and near the base for maximum leverage and to reduce lower back strain. Always bend at your knees and lift with your legs instead of your back.

SUDOKU

The 9×9 square must be filled in with numbers from 1-9 with no repeated numbers in each line, horizontally or vertically. Furthermore, each of the 3×3 squares can’t have any repeat numbers either.

Solution

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

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

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