Courtesy of Leah Duvall

Edmonton Statistics

Hi Friends,

It won’t be long until Costco is full of hanging baskets again, and the spring market has really ramped up, with lots of multiple offers in some areas. Our number of residential sales in the greater Edmonton area increased month over month and year over year, and while our inventory also increased, it is still 15.4% lower than March 2023. The lower inventory combined with strong net migration to Alberta is increasing the feeling of urgency for buyers in some price points, which is how I found myself competing with clients in multiples. Overall, though, sales are not outpacing listings, so we have a fairly balanced market in general, which is good for everyone. In addition to a busy work month, March was an exceptionally busy personal life month too, as we decided to get some of those updates done that we had planned to do once the children had all moved out. In theory, painting the entire house in one go seemed like a fabulous idea, until it came to taking all the books off the built

AVERAGE PRICES

$517,313 detached UP 6.7% year-to-year

$194,101 apt./ condo UP 0.6% year-to-year

$282,557 row/ townhouse UP 13.9% year-to-year

in shelves that are painted the same color as the trim in the house. It’s funny how the book collection looks a lot bigger once the books are all in tote boxes!! Some (ahem, husband and children) might say I have a book problem, not I, I would say I don’t have enough books! I think it’s fair to say had I not moved to Kindle for the most part some years ago, it would have been worse, although I do dream of having a library room with floor-to-ceiling books, book ladders, a large wood-burning fireplace, and a couple of really comfortable large chairs. It took me a long time, and that was just one job. Many sellers do need to give their homes a refresh before listing and not just the paint; it’s the general home maintenance and decluttering too, which is why it’s a great idea to start planning early if you are thinking of a move and to keep up with your home maintenance even if you’re not. If you do any bigger renovations on your home, be sure to take before, during, and after pictures, and keep your invoices and receipts. You know what else I’m going to say, if you do something that requires permits, get the permits! You’ll be glad you listened to me if you ever come to sell, I promise!! I look forward to chatting with you soon, and keep an eye on those mailboxes; flower seeds will be landing in the not-too-distant future, well, they will if I survive the big book move! Leah xx

39 DAYS ON MARKET

68.6% SALES TO NEW LISTING RATIO

Statistics reflect market activity in Mar. 2024. 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. Please call to get an up-to-date evaluation of your home.

780.270.4153 Real Estate Agent, REALTOR ® , ABR ® , SRS, SRES ®

leah@leahduvall.com

leahduvall.com

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2024 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.