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Edmonton Web Homes

Edmonton's Advanced Marketing REALTORS®

The Edmonton Real Estate Blog, Market Information, Advise & Opinion

 

Another home SOLD in 19 days by Audrey Abuan and Mike Muranetz!

 

Congratulations Sarah and Shane on the sale of your Klarvatten condominium. Designed for comfort in the popular community of Klarvatten, this three bedroom home features an amazing kitchen with gleaming quartz counter tops, a large center island, dark espresso custom cabinetry and upgraded stainless steel appliances. There is also patio door leading from the kitchen with a maintenance free balcony with natural gas hook up for the BBQ. The main floor offers plenty of space for a large formal dining table to entertain friends and family, an electric fireplace with custom made mantle shelving, an elegant living room and quality hardwood flooring. The upstairs features the master bedroom with two large closets and a full en suite, stacked washer and dryer and two more meticulously kept bedrooms. On the lower level, there is plenty of space to add a home office, den or hobby room which will lead to the double attached garage. This fantastic property also features central air conditioner, central vac and is located only minutes from CFB Edmonton Garrison. This Klarvatten condominium is now SOLD.

 

View more condominiums for sale in Klarvatten Edmonton.

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Timing is one of the key factors when it comes to purchasing real estate. The key to making money is buy low, sell high and real estate is no exception. RE/MAX.ca has just unleashed Canada’s Housing Market Outlook for 2017 and Edmonton is doing well. If you have been considering "up-sizing", now is a great time to invest before Edmonton's real estate market soars again.

 

Detached, single-family homes are the most sought after property type in Edmonton, and older homes in mature neighbourhoods typically receive multiple offers as a result of low inventory. A wide variety of inventory across the rest of the market provides good opportunities to move-up buyers who drive demand in Edmonton.

Stable prices have created good value in the upper-end of the market, resulting in 33 properties selling for over a million dollars in the first quarter of 2017. New approvals for high-rise condo developments in Edmonton’s downtown core and the Whyte Avenue district are expected to fuel condo market activity in the region moving forward.

The housing markets in Calgary and Edmonton remained relatively stable, with moderate declines in the number of sales and average residential sale price as a result of the prolonged recovery of the oil sector over the past two years. The average residential sale price in Edmonton decreased slightly, by two per cent year-over-year in 2016, while Calgary’s average residential sale price decreased by four per cent. Buyer activity is expected to pick up slightly in the second half of 2017 if employment opportunities in the oil sector continue to gradually come back to the province.

 

Highlites of Edmonton's real estate market for the first quater of 2017 include the stability of home prices, an increase of multi-million dollar homes being sold, more infills being built and several multiple offers on single family detached homes. Way to go Alberta!

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