Edmonton's real estate market is vibrant, and the AOF Real Estate Team is here to provide you with the latest insights. Prices are on the rise, now is the opportune moment to engage, whether you're buying or selling.

The Market is Moving

• Rising Prices: The Edmonton housing market remains strong in February, with prices continuing to increase.

• Good Time to List: With rising prices and relatively low inventory, sellers are in a favorable position to list their properties. The team is seeing increased listing inquiries daily.

• Act Fast: For buyers, it's better to lock in and move in sooner rather than later, as prices are expected to increase further.

• Motivated Buyers: This time of year attracts the most motivated buyers, eager to beat the spring rush.

Price Trends

• Detached Homes: Average price in the greater Edmonton area is $568,000, a 11.9% year-over-year increase.

• Semi-Detached Homes: Prices have increased by 8.9% year-over-year, averaging $421,000.

• Row Townhouses: Also saw an increase of 9.1% year-over-year, now averaging $301,000.

• Condos: The average price is now $217,000, jumping by 19.9% year-over-year.

AOF Real Estate Team: Your Dedicated Experts

• Listing Department: The team has invested significant effort and resources into building its listing department, equipped with expert agents.

• Client Success: AOF is committed to client success, offering support and expertise throughout the entire real estate journey.

• Strategic Planning: The team emphasizes the importance of strategy and can help clients develop a plan tailored to their unique circumstances.

• Solutions-Oriented: AOF is dedicated to finding solutions for clients, even in challenging situations.

Financing Options

• Don't Wait for Rates to Drop: Waiting for interest rates to decrease may result in paying more overall due to rising prices.

• More Options Available: There are now more financing options, including residential financing, MLI Select financing, and conventional commercial financing.

• Exclusive Deals: AOF has exclusive, tailor-made deals that align with current financing structures.

New Construction & Investment Opportunities

• Expertise: AOF are experts in new construction and related financing, ensuring a smooth and successful process for clients.

• Client-Focused Approach: The team invests in client success management, providing guidance and support every step of the way.

• Vetting Process: AOF has a thorough vetting process to ensure deals make sense for clients.

The Alberta Advantage

• Support for Energy Sector: There is growing support for Alberta's energy sector among Canadians, signaling positive economic prospects for the province.

• Economic Growth: With the potential for increased investment and development in the energy sector, Alberta's economy is poised for significant growth.

Contact the AOF Real Estate Team

Don't hesitate to reach out to the AOF Real Estate Team to strategize your win in the Edmonton market. The team is ready to help you navigate the market and achieve your real estate goals.

https://www.aofteam.com/contact

Sources:

https://realtorsofedmonton.com/statistic/real-estate-in-the-greater-edmonton-area-showing-signs-of-spring-thaw/

https://www.ctvnews.ca/politics/article/most-canadians-support-building-a-cross-country-pipeline-reject-adopting-us-dollar-nanos-survey/