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Buying & Selling Homes for Sale in Edmonton Alberta During December

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December might not be the first month that comes to mind when you think about buying or selling homes for sale in Edmonton Alberta. The snow-covered streets, holiday festivities, and shorter days may suggest that the real estate market slows down during this season. However, for the right buyers and sellers, December can be an ideal time for real estate transactions. Whether you’re looking to close out the year with a smart investment or find your dream home, the holiday season presents distinct advantages you won’t want to overlook.

In this article, we’ll take a look as to why December is a strategic time for both buyers and sellers in Edmonton’s real estate market. From fewer competitors to motivated buyers and sellers, the benefits of acting now might surprise you!

Why December is Ideal for Buyers

For those looking to buy a home, December in Edmonton offers a less competitive and potentially more rewarding market. One of the key reasons is the reduced number of active buyers. During the holiday season, many potential homebuyers are focused on family gatherings, travel plans, and festive celebrations. This often leads to fewer bidding wars and less pressure to make snap decisions. As a result, buyers can take their time and negotiate more effectively, possibly securing a better deal.

Another factor making December advantageous for buyers is the motivation of sellers. Those listing their homes during the holiday season are often serious about making a sale. Whether due to job relocations, financial reasons, or the desire to start fresh in the new year, sellers tend to price their homes more competitively in December. This creates an environment where buyers can find excellent properties at reasonable prices, without the stress of intense competition.

Additionally, Edmonton’s winter landscape can actually work to a buyer’s advantage. Snow and colder temperatures can highlight a home’s energy efficiency, heating system quality, and overall winter readiness. By touring homes during this season, buyers can identify potential issues that might not be as apparent during warmer months. Features like a well-insulated garage, effective heating systems, and well-maintained roofs become more critical and noticeable, helping buyers make informed decisions.

Financing is another area where December buyers may see benefits. Many financial institutions are eager to finalize loans before the end of the fiscal year, potentially leading to quicker approvals or better rates. Combined with Edmonton’s relatively stable prices, these factors create a perfect storm for buyers looking to make a strategic purchase.

Sell Homes for Sale in Edmonton Alberta During December!

While the winter months might seem like a challenging time to sell, December often brings unexpected advantages. One of the most compelling reasons is the reduced inventory on the market. With fewer homes listed, sellers face less competition, making it easier for their properties to stand out. This scarcity can work in your favour, as serious buyers who are actively searching during this time are more likely to focus on your listing.

Moreover, buyers looking in December are typically motivated to make a purchase quickly. These are not casual browsers; they are individuals and families who may be facing year-end deadlines, job relocations, or the need to settle before the new year. Their urgency often translates into smoother negotiations and faster closings, which can be a major benefit for sellers who want to avoid prolonged listing periods.

Staging a home during the holiday season also presents a fun opportunity to create a warm and cozy atmosphere. Thoughtfully placed holiday decor can highlight a home’s best features, like a fireplace, spacious living area, or a view of Edmonton’s winter wonderland. However, it’s important to strike a balance. Make sure that your decor enhances, and doesn’t overwhelm, the space.

Pricing strategy is another area where December sellers can shine. By setting a realistic price, sellers can attract serious buyers without the risk of overpricing and languishing on the market. In a month where both buyers and sellers are motivated, fair pricing often leads to faster transactions and less haggling.

Finally, the sense of urgency extends to professionals involved in the transaction. Real estate agents, mortgage brokers, and lawyers often have lighter schedules in December compared to the busier spring season. This can result in quicker response times, streamlined processes, and a more personalized experience for all parties involved.

Take the Next Step to Achieve Your Real Estate Goals!

Whether you’re buying or selling, December is a month full of opportunities in Edmonton’s real estate market. Acting now allows you to take advantage of motivated counterparts, reduced competition, and potentially favourable pricing. As the year comes to a close, there’s no better time to make your move and position yourself for a fresh start in the new year.

At RE/MAX Elite, we’re here to help you find your way during the December market. Our team of experienced agents understands homes for sale in Edmonton Alberta and can guide you through your real estate goals. Contact us today to schedule a consultation and take the first step toward achieving your real estate dreams. Let’s make December your most successful month yet!

affordable homes for sale under 300k in edmonton alberta canada

How to Find Edmonton Houses for Sale Under $300 000?

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Finding a house in Canada that suits your budget can be a challenge. With the national average home price sitting at $669,630 many homebuyers face difficulties finding affordable options. This is especially true for real estate in major cities like Vancouver and Toronto. By contrast, Edmonton still remains relatively affordable with the benchmark price sitting at $399,400. For those looking to downsize or enter the market for the first time, these conditions present great opportunities. In this article, we’ll highlight how you can find Edmonton houses for sale under $300,000. Follow along below to discover how you can achieve your year-end real estate goals!

How Can a REALTOR® Help You Find an Affordable Home?

If you are looking to find an affordable home, hiring an Edmonton REALTOR® can be a smart move. Real estate agents are skilled negotiators who can increase your chances of securing a home in your price range.  Knowing when to make counteroffers and how to use leverage are crucial negotiation skills that not every homebuyer has. To be an effective real estate negotiator you must know the market inside and out. This is especially true if you’re negotiating against the seller’s real estate agent. For these reasons, having a REALTOR® on your side to negotiate deals is critical in finding a property within your budget. 

In addition to their negotiating skills, REALTORS® also have contacts with several people in the industry. These connections can range from developers and potential sellers to other brokers in the city. Having a strong rolodex of contacts is helpful when you’re searching for a home with a strict budget. A well-connected REALTOR® could have access to off-market listings or pre-sale homes that may be priced lower since they haven’t hit the public yet. Access to these opportunities can make a difference in your ability to score a home in your price range.  

Beyond these factors, real estate agents have access to the MLS® (Multiple Listing Service).  The MLS® is a comprehensive database of properties, which includes listings that may not be as widely available to the public. This access can give you the upper hand in finding potential homes that meet your budget before other buyers are aware they exist. Another advantage of using the MLS® is that your REALTOR® will get real-time updates on new listings, price updates, and properties that have returned to the market. This ensures that no opportunity passes you by. 

Tips for Finding Edmonton Houses for Sale Under $300 000

affordable homes for sale in edmonton

Besides working with a REALTOR®, you can make the task of finding Edmonton houses for sale under $300,000 easier by focusing on a few key details. The first is to consider alternative housing options like townhomes and condos. These housing types tend to sell for less than single-family properties due to their smaller size. However, as a trade-off for their size, townhomes and condos are often situated in central, amenity-rich areas. Moreover, they are generally stratified which means you don’t need to worry about certain maintenance tasks as you would with a single-family home. 

Another way to increase your odds of finding an affordable home is to look for pre-construction deals. Pre-construction homes are properties that are available for purchase but have not yet been built. Developers will often list these units at a lower price since there is some risk in purchasing a home before it has been constructed. However, choosing this option means you need to be prepared for a timeline that may not allow for immediate move-in. Despite this, it can be a smart strategy to secure a turnkey home at a fraction of the cost.

Scoring a good deal sometimes means compromising on your wishes. For example, buyers who expand their search radius to include more rural properties are more likely to find a home within their budget. This is because houses on the outskirts of metropolitan areas are further away from key amenities. As a result, homeowners are forced to commute a bit longer than they otherwise would. If you’re okay with a little extra driving time, it might be worthwhile looking for properties outside of your ideal neighbourhood. 

Contact us Today for Help Finding a Home!

For more information about finding Edmonton houses for sale under $300 000, contact us today! We’d be happy to help you find a well-suited property in this quickly growing city. Arrange a meeting with one of our experienced REALTORS® and discover how to achieve your end-of-year real estate goals. Be sure to reach out to us with any questions about Edmonton real estate for sale and stay tuned to our blog for more home-related content. We look forward to working with you in the near future!

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Are Houses for Sale in Edmonton A Cheaper Alternative?

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If you’ve been following the news surrounding Canadian real estate since January of 2022 you’d know about the record high prices sweeping the nation. Home prices have reached their peak across every province in Canada. For some, these high prices are forcing families to relocate to their hometowns. Especially for those currently living in the Okanagan. If you are interested in learning more about how the cost of living is affecting homeowners in Canada, continue reading the article below.

Why are Okanagan Homeowners Moving Back to Houses for sale in Edmonton?

The Okanagan has seen incredible hikes in the price of real estate over the course of the last five months. The extraordinary cost of living is making it difficult for most out-of-province homeowners to afford their properties. In April of 2022, the benchmark price for a single-family home in the Central Okanagan climbed to a whopping $1.1 million. Last year, the average price for a home in the Okanagan sat around $829,000. Thus, indicating a 34% increase in cost. On the contrary, the average single-family home price in Edmonton was $510,988 in April of 2022. 

It is apparent that the cost of living in places like Edmonton is much more affordable than in the Okanagan. Residents who have lived in the Okanagan most of their lives are moving back to the prairies in order to make ends meet. Renters and homeowners alike are being priced out of their homes in the Okanagan. Despite having full-time jobs and living with family, many people claim that it is still too expensive to live in the Okanagan. New families are finding it especially hard to afford housing in the Okanagan. Living off of one salary is almost impossible given the rate of inflation. 

Residents who have chosen to move from the Okanagan to Edmonton and other surrounding areas in Alberta are much more comfortable with their finances. People living in Edmonton are able to afford spacious houses in place of their tiny Okanagan apartments. And, all of this is afforded at a lower price point. The one thing that former Okanagan citizens miss, is the scenery. 

Homes for sale in Edmonton, Calgary, Airdrie, and Cochrane all boast a low cost for a substantial property. Citizens of Alberta can purchase 3-bedroom houses for under $450,000. 

Why You Should Consider Making the Move to Edmonton:

There are several reasons why people in the Okanagan have made the decision to move to homes for sale in Edmonton. The number one reason is a lower cost of living. Everything from real estate to food is cheaper in Edmonton than in the Okanagan. Residents who may not have been able to afford a 2 bedroom apartment in the Okanagan will often be able to afford large, upscale homes in Edmonton. Furthermore, the average cost of groceries is about 200-400 dollars per month in Edmonton. However, this estimate can vary depending on brand, taste, and habits. 

Aside from a lower cost of living, the Edmonton job market has seen positive growth in the last little while. Large employers like the Alberta Health Services, the Government of Alberta and Stantec, provide hundreds of thousands of jobs to Edmonton citizens. Salaries average around $60,000 per year for your typical Edmonton citizen. 

Edmonton’s landscape provides individuals with plenty of wide-open spaces outdoors. For instance, the Elk Island National Park and Beaver Hills Dark Sky Preserve are both popular places to visit outside of the city. There are also plenty of hiking, biking and walking trails for residents to explore. Check out William Hawrelak Park or The Grandin to Groat Loop for an epic outdoor adventure! 

There are also plenty of restaurants, breweries and bars to choose from for a night out. As well as, nightclubs, theatres and festivals to keep you entertained throughout the year. 

Contact Us About Houses for Sale in Edmonton Now!

The real estate market is much more affordable in Edmonton. Make the move to houses for sale in Edmonton today for more financial freedom. If you have any questions or concerns about buying a property in Edmonton, contact us today. Don’t hesitate to reach out if you’re interested in buying a new home. Our team can put you in touch with the resources you need to get your real estate goals on track. We look forward to working with you in the near future!