Melody Kilbank

Imagine you’re looking for a new home. You have a
list of all the features you want, just like you would
have a grocery shopping list. However, when you
explore the homes currently on the market, none
meets all your criteria.

What do you do? You have a few good options.

First, you can take a second look at your list. Does
your new home need every single feature on it? Are
there one or two features you can do without? For
example, can you settle for a smaller kitchen
assuming the property has everything else you want?

Often, buying a home that’s close to perfect is
perfect enough.

Second, consider what features you might be able to
add to a home later, by way of a renovation or other
improvement. If a property doesn’t have a finished
basement, for example, you might be able to get that
done down the road. Indeed, there are probably
many features you can add later to an otherwise
desirable property.

Finally, consider the current level of activity in the
local real estate market. Is it likely that a lot of new
homes will be coming on the market soon? If so, your
perfect home may come up on the market within the
next few weeks.

Maybe even tomorrow!

In that situation, make sure you arrange to get
immediate alerts for newly listed homes that meet
your criteria. You’ll want to jump on each new
opportunity before other buyers learn of the listing.

The good news is, in most cases you should be able
to find and buy a great home, with most — if not all
— of the features you want.

By now you should have received a letter in the mail from me outlining the past year’s sales in your neighborhood or complex. If you haven’t received this “value added” service I provide to all my clients, please let me know and I’d be happy to send you a summary.

January has shown some improvement in the average sale price in the City of Edmonton market. It seems our days of extreme cold didn’t deter all buyers! However, once again our condos are taking a hit. Here’s our breakdown for January 2020.

Year over year, average prices for each product is up with the exception of condos. All residential sales are up 5.5%, Single family 4.6% and Duplex row houses 4.4%. Condo prices are down 5.3%.

Month over month Duplex row houses are the most improved at 4.8%, and Single family 1.9%. However condos are down 10.9% . Seems like what we gained in December, we lost in January.

Each category is still favoring buyers with 6 months plus inventory. Condos topping 10.4 months.

If you are thinking of downsizing now is a great time to take advantage of the market position.

No matter, either buying or selling, I’m here to help you with solid facts, experience and knowledge to make your transition smooth. Call/text to 780-893-9987 or email melody@melodykilbank.com for help.

BTW I was 8th out of 130+ agents for sales in January 2020! Also looking forward to receiving the Re/Max 100% Club award for 2020.