About Edmonton Region, AB

The market in Edmonton is finally balanced again. Although prices are a little lower, less than 1%, than what we saw in August last year.

"Although sales numbers cooled a bit after record sales in June and July, we are still experiencing the strength of the market in Edmonton," said Charlie Ponde, president of the Realtors Association of Edmonton.

June and July saw sales rise 28% over the same period one year before; low interest rates and great deals were probably behind the jump in activity. Seasonality could be in effect as well were winter saw a near freeze. The market picked up in the warmer weather.

Alberta's economy will make a comeback in 2010--strong enough to contribute to the national recovery, yet modest enough so that we don't see the problems associated with the break neck growth we saw in the mid 2000s.

Sherwood Park Real Estate Sales For The Week Ending 09/21/09:

Nobody knows the Sherwood Park, Alberta real estate market better than Jason Beattie. Here are the stats.

There were 2 condo sales with 62 condos on the market in Sherwood Park, Alberta last week.

The least expensive condo that is currently listed for sale (1 Bedroom / 1 Bath / 602 square foot in Summerwood) is listed for $173,900 and the most expensive condo (1 Bedroom / 1 Bath / 912 square foot Centre in the Park) is Listed for $289,900.

The least expensive condo that sold last week in Sherwood Park (3 Bedroom / 3 Bath / 1,419 square foot in Summerwood) was listed for $259,900 and the most expensive condo that sold last week in Sherwood Park (1+3 Bedroom / 2 Bath / 1,417 square foot in The Ridge) was listed for $529,900.

This means that there were a total of 62 condo listings and 2 condo sales in Sherwood Park, Alberta last week for a absorption rate of 31 weeks. This means that if not another home comes on market (which isn't very likely) in Sherwood Park there is more than a 7 month supply of condos on the market.

Please "click here" to see the additional details about this weeks Sherwood Park condo sales

There were 27 home sales with 199 homes on the market in Sherwood Park, Alberta last week.

The least expensive home that is currently listed for sale in Sherwood Park (0+3 Bedroom / 1 Bath / 678 square foot in Broadmoor) is listed for $234,900 and the most expensive home in Sherwood Park (4+5 Bedroom / 6 Bath / 6,125square foot in Estates of Sherwood Park) is Listed for $1,250,000.

The least expensive home that sold in Sherwood Park last week (3 Bedroom / 2 Bath / 1,184 square foot in Millshaven) was listed for $299,900 and the most expensive home that sold in Sherwood Park last week (3+5 Bedroom / 3 Bath / 2,095 square foot in Estates of Sherwood Park) was listed for $849,900.

This means that there were a total of 199 listings and 27 single family home sales in Sherwood Park, Alberta last week for a absorption rate of 7+ weeks. This means that if not another home comes on market (which isn't very likely) there is almost a 2 months supply of homes on the market.

Please "click here" to see the additional details about this weeks Sherwood Park single family sales

To recieve a REAL TIME MARKET REPORT for properties in Sherwood Park visit www.SherwoodParkPropertyValues.com.

There has been a lot of money changing hands this month in Edmonton. It is all good stuff too, which you can read about in the links below.
A new conference and exposition center, community health facility (a really BIG one) and a ramp up in infrastructure to name a few.

All of that creates strong short and long term jobs, which are great for kick-starting the economy.
The oilsands deal with China is pretty impressive to boot. I wouldn't say it pulls us out of a recession yet, but you can read the articles and decide for yourself.

Recession is over, says economist
By Mario Toneguzzi, Calgary Herald, September 12, 2009
Rising commodity prices will fuel modest economic growth in Alberta in the next two years as demand for energy grows in the world's emerging markets, says a national economist. Canada's recession is over and the country will lead all G-7 peers in economic growth next year, paced by Alberta's strong energy sector, said Benjamin Tal, senior economist with CIBC World Markets Inc.

There are so many questions we recieve on a daily basis but none more prevelant than what is happening in the Real Estate market in Sherwood Park.  This is not only the most frequently asked question but also the most powerful question.  Knowing what homes are selling for in an area allows the Buyer to determine what is the true market value of a home and not pay a penny more then they should.  For the Seller, knowing what is happening with all of their neighbour's homes can help them net more money and we all know that the Seller would rather have that in their pocket vs. the Buyer's pocket.

Today, with technology as advanced as it is, we should be able to provide detailed reports to all of our clients with a moments notice.  Now we can.  We now have a system that will keep all of our clients undated on any neighbourhood this wish to follow.  Weather they are buying or selling or just curious about what is happen in the market.  We will keep them current.  It is so simple.  Fill the information in below and see what I mean.  You will be amazed and the amount of market data that we will provide to you.