About Edmonton Region, AB

Well 2010 started out soft, it definitely didn't start with a bang. The sales were just above last years' numbers. The major points are here:

1) JANUARY sales were low (884). We did exceed the 730 sold in January 2009.

2) The listing Inventory level is much lower than last year. Our current inventory is 4864 properties, in Jan 2009 the level was 6573.

3) Months of inventory has moved up to 5.5 (still a sellers market, as it is under 6)

4) SFD Prices Flat, CONDOS prices are falling

5) Days on market average was 57, up from 50 in December 2009. But, much better than Jan 2009 (68 days on market).

I've attached a graph showing the price of a single family dwelling in the metro Edmonton area over the last 2 years. As you can see, we bounced up from the bottom in Feb 2009, and have basically been moving sideways over the last few months.

Newer Mobile Home for Sale in Maple Ridge Edmonton, AB

This mobile home for sale shows like new.  2007 SRI Ambassador Series 16 x 76 offset design.  This 1216 sq ft home for sale has a warm open layout with richly designed eat-in kitchen and plenty of cupboard space.  Its offset design gives it a bright spacious living space.  The master bedroom has an upgraded three piece en-suite and walk-in closet.  It also has two additional bedrooms and a full 4 piece bathroom.  Lots of storage available throughout this home.

This home for sale includes upgrades of being fully drywalled, an additional entry door, and large 16 x 16 south-facing deck.  The site has a parking pad on the front, and includes the new shed in the back.  With this mobile only being 3 years old you also still have warranty. 

This home for sale is situated in an adult living area in the Maple Ridge Mobile Park.  Just off 17 street in the south east part of Edmonton you have easy access to Whitemud and Anthony Henday when you need to get around. 

You will be impressed from the moment you step into this home for sale.  Priced to sell, you will find many others available but none that compare.

"The real estate market in Alberta appears to be on the rebound, experts in the field say.

House sales will increase as by as much as 10 per cent in many communities this year, the Canada Mortgage and Housing Corp. says, with prices in Alberta predicted to rise between four and five per cent.

That means buyers and sellers will be on a more equal footing, some realtors say.

"It was a buyer's market going into the year — in sort of the fall area it had slipped into almost a seller's market," said Gary MacLean of Remax.

However, he said, current conditions suggest the market has settled considerably. "Nobody has an advantage either way, buyer or seller."

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What a decade. It started with Y2K and ended with a global recession. It seems 2010 is bringing new optimism in it's wake and the news is reflecting that.

Alberta poised to lead in growth - "Following a sharp economic contraction this year, Alberta's economy is forecast to be one of Canada's fastest growing provinces in 2010.

Scotiabank economist Alex Koustas predicts that in 2010, the energy province's GDP will grow by 2.9% after shrinking 2.6% this year.

Only B.C., at 3%, is forecast to grow at a faster rate.

Come 2011, Alberta will be firmly planted ahead of other provinces, thanks to a growth rate of 3.5%, Koustas said."

Housing market rebounds - "It turns out, the Realtors Association of Edmonton president wasn't optimistic enough.

"We predicted residential sales of 15,550 this year and exceeded it in early October," Ponde said on Tuesday as the group released its final month of Multiple Listing Service figures for 2009.

"We anticipated that single-family prices would end the year at $352,000 and condos would be at $222,500."

The average prices turned out to be $364,032 and $240,322, respectively."

Real estate market expected to remain strong in first half of 2010 - "However, the Canadian real estate market has been much quicker to recover than its American counterpart, in part because of a more stable banking industry, historically low interest rates and improving consumer confidence.

Royal LePage executive Phil Soper says Canada's real estate market enters 2010 with "considerable momentum from an unusually strong finish to the previous year."

The stimulus effect of low borrowing costs has contributed to a sharp rise in demand that has driven activity to new highs, he said in a statement.

-Edmonton: Detached bungalow, $299,286 (down 0.7 per cent); standard two-storey home, $340,557 (down 1.2 per cent)"