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Edmonton, AB

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October 2008 Edmonton Real Estate Update

11-01-08
Jason Thomas
Jason Thomas: Real Estate Sales Person in Edmonton, AB
  • view my blog
  • Office: (780) 431-1900

Supply vs Demand Edmonton Real Estate Oct 2008

Hope you all had a nice Halloween, it is nice to see warmer temperatures and no snow for the little ones.

As for the market, October has continued the inventory decline. The sales in October did dip (1203 sales), although that is consistent with previous Octobers. If you look at the stats from the month of October back to 2004, then you will see most months result in 1200-1300 sales (the only exception being the overheated market of 2006). So, overall we are seeing very consistent results with continued strong stable demand.

The one change has been the inventory decline, as you can see from the graph it is not nearly as steep as previous months. We may not see the 5000-6000 inventory level at the end of the year if this pattern continues. 7000 may be a more realistic prediction.

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Change Or Die

10-24-08
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251

During my 6 day relaxing stay in the hospital after the birth of my son I listened to lots of BBC
pod casts, read a lot of Smithsonian magazines and listened to one fantastic audio book called Change Or Die.

Full of compelling stories the book illustrates that the biggest hurdles facing organizations and people is avoiding change. Among the examples: simple lifestyle changes that would save lives of heart patients, innovative ways of reforming criminals and of course our own personal beliefs and ideals that we find very hard to part with.

I left the hospital not only a mother but also with a new perspective on what I need to change in my life to reach the goals I have set for myself and to be a better role model to my son.

The book works as an excellent catalyst; even if your changes aren't earth moving you will enjoy the read.
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September 2008 Edmonton Real Estate Update

10-01-08
Jason Thomas
Jason Thomas: Real Estate Sales Person in Edmonton, AB
  • view my blog
  • Office: (780) 431-1900

The market continues to strengthen on both the supply and demand side. The supply of homes is now sitting at 8630 homes for sale in the Edmonton area. Down from 9612 last month. On the demand side, the number of sales have bounced up to 1719 from 1541 in August. We are now in a market with a 5 month supply of inventory. Technically we are now in a balanced market.
Predictions? As I mentioned in August's wrapup, I think we will drop into the 6000 or less inventory range by the end of December. That should set us up for a strong spring market in 2009 where we could start to see price increases.September 2008 supply vs demand

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Go Take A Look

09-22-08
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251

A good way to see what is fueling the Alberta economy is to visit the Oilsands Tradeshow in Edmonton is to go to the oilsands tradeshow.
"Widely seen as a future driver of the global economy,
oil sands development sits front and centre on the global stage. This year's Oil Sands
Trade Show & Conference launches at a significant time for oil sands and heavy oil
professionals as they assemble in Edmonton to explore innovative ways to
drive environmentally sustainable energy," said Wes Scott, Event Director, dmg
world media.

Green technology and careers feature at the event. For more information and events schedule check here HERE IF you hurry you can still get a free pass by the end of today (you must be in the oilsands industry to obtain a free pass).
 Exhibition Hours:

  Tuesday, September 23:      10:00 a.m. to 6:00 p.m.
  Wednesday, September 24:    10:00 a.m. to 5:00 p.m.
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Busy, Busy, Busy Market

09-10-08
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251


When the price and market is right the buyers will come. To investors who do their research it has always been clear that the Edmonton market is not unstable and prices aren't plummeting merely stabilizing. With so many listings on the market the pickings are plentiful and the prices are right.

"I've been run off my feet," "July was ridiculously busy and August has been ridiculously busy, and when it shows in the numbers, it's not just me.

"The stats show buyers are confident with the Edmonton economy. It's a large selection to pick from right now, and I think they don't foresee a drastic dropping of prices, so they want to get into the marketplace and buy.

"By the time we get through to next spring, we're going to have a far more reasonable listing inventory and we're going to have a far more balanced marketplace," Marc Perras, president of the Realtors Association of Edmonton

The investment deals we are getting are fantastic. Terms are more flexible and when you satisfiy your sellers need they are more likely to meet you half way.

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