WHY BUY REAL ESTATE?

Markets go up, markets go down and even the smartest experts can’t accurately predict when a market will peak or bottom out. The good news is if you’re buying a home as a long-term investment (and for long-term enjoyment), you’re protected from short-term changes in the market. Over time, real estate has almost always increased in value. Real estate is the #1 investment choice in Canada.www.PropertiesByAmber.com

REAL ESTATE STATS - Aug 21, 2010:

• EDMONTON - Residential real estate prices in Edmonton had an average listing price of $380,314.
• SPRUCE GROVE  - Residential real estate prices in Spruce Grove had an average listing price of $364,595. 
• RURAL PARKLAND COUNTY  - Residential real estate prices in Rural Parkland County had an average listing price of $401,500.
• SHERWOOD PARK - Residential real estate prices in Sherwood Park had an average listing price of $448,667.
• ST.ALBERT - Residential real estate prices in St. Albert had an average listing price of $438,761.
• FORT SASKATCHEWAN - Residential real estate prices in Fort Saskatchewan had an average listing price of $348,867.

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Latest Market Analysis

"The number of homes in the inventory is giving buyers' choice," said Larry Westergard, president of the REALTORS® Association of Edmonton. "As a result many buyers are taking their time and prices are beginning to soften slightly. At the same time, some sellers who have been standing firm have been pushed to discount their initial list price." Less than half of the active listings over 30 days have had a price reduction. However, 93% of July sales sold below the list with about 40% having already taken a price reduction.

Edmonton Real Estate Stats - August 19, 2010:

Active, residential real estate prices in Edmonton had an average listing price of $376,609. Currently the most expensive listing in the area is $4,800,000, while the lowest priced property can be purchased for only $24,999. An excellent way to compare real estate prices is by using price per square foot of living space. Edmonton has a current average price of $276 per square foot. This is for homes that are averaging 3 beds, 2 bathrooms and 1,364 sqft.