edmonton houses for sale real estate outlook 2024

Houses for Sale in Edmonton: 2024 Market Outlook

Happy New Year to everyone! If you’re considering entering the Edmonton housing market this year, you’ve come to the right place. Throughout 2023, Edmonton consistently ranked among the top places to live in Canada in terms of affordability and opportunity. Additionally, it boasted some of the most stable housing prices, as reported by CREA. Now, you might be wondering about the changes expected in 2024. What can buyers and sellers anticipate in this year’s market? In this article, I will provide a market outlook for the New Year, offering insights into the latest trends and projections. Join me below as we delve into what to expect from the housing market in Edmonton in 2024!

Trends to Expect From Houses for Sale in Edmonton in 2024

In 2024, buyers and sellers can expect to see some shifts in the market. One of the predictions outlined by experts this year is that the market will shift from one that is balanced to one that favours sellers. This means lower inventory levels and more demand from buyers. So, for those who have been waiting for the right time to list their homes for sale, now may be your chance. 

In Edmonton, RE/MAX forecasted that the two greatest trends that will impact the area will be rising interest rates and interprovincial migration from Ontario. Interest rates will continue to play a crucial role in shaping the dynamics of the real estate market. As interest rates go up, the cost of borrowing will follow suit which is likely to affect the decisions of both buyers and sellers. Higher interest rates in Edmonton may cause changes in affordability in Edmonton which is something the city has yet to see thanks to its stability over the past year. 

As for new residents migrating from Ontario, this will likely equate to more competition for housing. Thus, influencing the value of property in Edmonton and surrounding areas. With Ontario being one of the least most affordable provinces to live in Canada, it’s no surprise that many will be making the move to Edmonton this year. 

Sellers should be aware that single-family homes will be the most popular in 2024. This prediction suggests that among all property types, single-detached homes will be preferred among buyers. If you’re looking to list your single-family home, be sure to tailor your listing in accordance with this trend. Factors such as a growing desire for more space and a heightened sense of privacy are driving the popularity of this housing type. 

Other Items to Note Going Into the Edmonton Real Estate Market in the New Year

Whether you are a buyer or seller going into the Edmonton real estate market, there are some other items worth noting. For instance, in 2024, the city is expecting to experience a four percent increase in average residential prices and a decline of five percent in regard to sale transactions. 

During 2024, experts envision that the top three most desirable neighbourhoods in Edmonton will be Oliver/Downtown, Rutherford/Heritage Valley, and Terra Losa. Recognizing the desirability of these areas holds value for both sellers and buyers. For instance, buyers may want to begin their search in one of these neighbourhoods, as current popularity often signals a smart investment opportunity. Furthermore, sellers in these locales can enhance their market appeal by highlighting unique characteristics that make their property stand out. Thereby, minimizing their home’s days on the market and attracting prospective buyers!

It has also been noted that similar to national trends, the rising interest rates have had a cooling effect on the Edmonton market. However, despite the growing rates, Edmonton has been able to remain relatively affordable. Thus, reinforcing the province’s resilience. Edmonton’s low housing prices and high household incomes are two of the main reasons driving Canadians from out of province to relocate to this city. 

Contact me About Houses for Sale in Edmonton in 2024!

If you’re looking to jump into the real estate market in Edmonton in 2024, now is the time to begin. 2024 is going to bring plenty of opportunities for sellers and buyers alike. Contact me today to learn more about buying or selling houses for sale in Edmonton this year. I’d be happy to answer any questions you have about how to achieve your New Year’s real estate goals. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information.

I look forward to working with you in 2024! 

blog recap steve leddy real estate in edmonton

Houses in Edmonton: A Year-End Blog Recap!

2023 is quickly coming to an end! In lieu of this, I thought it would be best to keep with our annual theme of writing a year-end blog recap. After all, one of the best ways to move forward is by reflecting on the past! In this post, I’ll go over all of this year’s content so that you can catch up on any missed articles. All of the content will be categorized by the season/month in which it was published. Follow along below to see what was on my blog about houses in Edmonton during 2023!

Houses in Edmonton – Winter and Spring Recap

donwtown edmonton real estate

Jan – Want to Buy Houses in Sherwood Park? Then, here are 5 Goals to set in 2023

When the New Year hit, I kicked off 2023’s blog content with an article that listed five goals to set for those who were looking to purchase a house. Check out the post if you haven’t already to get inspiration for your 2024 New Year’s resolutions!

Feb – Owner’s Rights of Condos in Downtown Edmonton

Buying a condo and buying a house is very different. In this article, I answered your most commonly asked questions about owning a condo. 

Mar – Condos in Edmonton: All About Condo Fees

Often, condos are praised for their affordability compared to traditional homes. However, once you dig past the surface, you might find that condo fees are the catch. If you’re curious about the fees associated with condos in Edmonton, read this article.

Apr – Energy Efficiency & Sherwood Park Homes for Sale!

Energy efficiency is becoming increasingly important. With the rise in climate concerns, a number of homeowners across the country are looking for ways to reduce their carbon footprint. To learn more about how to make Sherwood Park homes for sale energy efficient, check out this April blog post!

May – All About Home Inspections For Properties in Sherwood Park

Having a home inspection conducted by a trusted professional will ensure that your dream home doesn’t come with any costly issues. Although home inspections aren’t mandatory in Canada, they are strongly recommended! In this article, I discussed everything you need to know about home inspections for properties in Sherwood Park. 

Rewinding to Summer and Fall

apartment in Downtown Edmonton

Jun – Apartments in Downtown Edmonton: Creating Your Own Space in a Shared Home

Sharing an apartment with another person can help to significantly reduce your cost of living. In this article, I went over some tips for living in a shared apartment in downtown Edmonton! 

Jul – How Does an Agent Help Buyers of Homes in Edmonton South?

Are you looking to buy homes in Edmonton South in the New Year? If you are, you may be wondering how an agent will help you accomplish your goal. In this post, I wrote about all of the ways that an agent can help a buyer. 

Aug – Closing Costs to Consider When Buying Edmonton South Real Estate

Unfortunately, when you purchase a home, it’s not just the house you have to pay for—there are an assortment of closing costs that must be paid before the home is officially yours. To help you out, I created a list of typical closing costs associated with buying Edmonton South real estate. 

Sept – Real Estate in Edmonton: Pros and Cons of a Cashback Mortgage

Many Canadians have been opting for cashback mortgages to aid in the purchase of real estate in Edmonton. In this article, I discussed the pros and cons of a cashback mortgage. 

Oct – 6 Reasons to Buy a Condo in Edmonton

Living in a condo comes with a variety of benefits. Many of which, most homeowners aren’t aware of. In this blog post, I wrote about six different reasons that you should consider investing in a condo in Edmonton. 

Nov – A Buyer’s Guide to Edmonton Condos for Sale!

Buying a condo is very different from buying a single-family home. To help you out, I compiled a list of tips that you can refer to as you work towards buying your first condo!

Contact me Today!

Houses in Edmonton are a great investment for the new year. I’d like to thank all of my clients for another wonderful year in the Edmonton real estate market. For more information on selling or buying homes, contact me today. I’d be happy to answer any questions you have about how to achieve your real estate goals in 2024. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future. Happy holidays everyone!

sherwood park homes for sale

Energy Efficiency & Sherwood Park Homes for Sale!

Energy efficiency is becoming increasingly important. With the rise in climate concerns, a number of homeowners across the country are looking for ways to reduce their carbon footprint. Thankfully, there are tons of new energy-efficient alternatives to basic home fixtures. And, contrary to popular belief, most of these options can be implemented without breaking the bank. In fact, the majority of homeowners who incorporate green alternatives, end up saving money! In addition to this, a Vancouver-based company has just released new software to generate energy efficiency ratings for single-family homes in Edmonton and Calgary. To learn more about how to make Sherwood Park homes for sale energy efficient, continue reading this article!

Minimizing the Carbon Footprint of Sherwood Park Homes for Sale

  1. Replace Incandescent Bulbs with LEDs

Incandescent light bulbs make a huge impact on your carbon footprint. Those who still have incandescent bulbs in their homes will have a much higher carbon footprint than those who use LEDs. In general, LED bulbs use 85% less energy than their incandescent counterparts. By replacing 30 incandescent bulbs, you can save as much as 4000 lbs of CO2 per year. Not to mention, LEDs are way cheaper since they require less energy. Furthermore, LED bulbs are good for roughly 50,000-100,000 hours. By comparison, incandescent bulbs only last about 1,200 hours.

  1. Air Seal and Insulate Your Home

Air sealing your home can vastly improve its energy efficiency. Closing up any gaps in your insulation will keep your home cooler during the summer and warmer during winter. Hiring a professional air sealing company and upgrading your insulation can eliminate a host of household problems. For instance, eliminating that pesky draft, or keeping critters from getting inside. Ensuring that your home is sealed properly has also been proven to enhance the efficiency of your HVAC system as well—talk about a win-win. 

More Ways to Go Green!

  1. Use Less Water (Specifically, Hot Water)

Another way that homeowners can minimize their carbon footprint, is by using less water. More specifically, by using less hot water. Hot water is much more resource intensive than cold water. One of the easiest ways to reduce your hot water usage is to do your laundry with cold water. This simple switch can bring down your carbon footprint and make your clothes last longer.

  1. Switch to Solar

While this solution is not as affordable as the others, it does make an impactful difference. Solar energy is a great way to cut down on carbon emissions and reduce monthly energy bills. Depending on where you are located, your municipality may have solar initiatives that incentivize homeowners to invest in solar by paying for a portion of the cost. So, solar doesn’t always have to be expensive. Investing in solar wherever possible is a great idea. Even solar-powered generators can make a huge difference. 

The Future of Energy Efficiency in Edmonton Homes

Earlier in the article, I mentioned a new technology that can generate energy efficiency ratings for single-family homes. This software was rolled out on March 30th by a Vancouver-based company called Lightspark. According to Lightspark, the site’s beta version will run for three to six months as a pilot project. However, it has been under development for the past few years. 

This technology uses artificial intelligence and machine learning to determine the energy efficiency of homes in the area. On the map on their website, you can see which homes in Calgary and Edmonton are more energy efficient and which homes are less efficient. Houses that appear red are considered inefficient and houses that appear green are very efficient. 

Lightspark uses data from the census, EnerGuide labels, light detection, and property tax rates to approximate the efficiency of each home. To help advance the software, homeowners can register their homes with Lightspark and provide more information to improvise the scores’ accuracy.

Edmonton city officials are excited about this software as it will ideally help the city reach its carbon reduction targets sooner. Unfortunately, as it is right now, both Edmonton and Calgary would require homes to undergo energy-efficient upgrades every year until 2050 in order to reach their goals surrounding carbon emissions. 

Contact me About Sherwood Park Homes for Sale

Considering ways that you can cut back on carbon emissions is essential to our future. Plus, in most cases, being energy efficient means spending less money over time. 

Contact me today to learn more about Sherwood Park homes for sale. For more information on reducing your carbon footprint, feel free to reach out. I’d be happy to answer any questions you have about how to achieve your real estate goals. Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future. 

sherwood park holiday homes for sale

How to Prepare Real Estate in Sherwood Park for the Holidays!

The holidays have a funny way of sneaking up on you. November and December tend to fly by without warning. So, it is important to prepare your real estate in Sherwood Park for the holidays as early as you can. Especially, if you are planning to host guests and holiday events. From deep cleaning to checking that the essentials are in order, this guide will get you a head start on the holiday season.

In this article, I will be going over the best tips for preparing your home for the holidays. Follow along below to learn more!

Start As Soon As Possible!

The best tip for preparing your home for the holidays is to begin as early as you can. There’s no time like the present when it comes to getting ready for November and December. To make sure that you stay on top of things, try creating a timeline for the weeks leading up to guests’ arrival or festive parties. During the early weeks, it is good to focus on getting the necessary supplies for the holiday season. For instance, gift wrap, food staples, drinks, and gifts. These are the tasks that usually cause the most stress, which is why it is good to get them out of the way early on. You can save chores like cleaning and decorating until guests arrive. 

You may also consider prepping some baked goods or dinners for the upcoming weeks so that you don’t have to worry about cooking on busy days. It is also a good idea to make room in your fridge and freezer for all of the holiday food that is sure to come your way! There’s nothing more satisfying than a clean fridge and freezer. 

Make Sure Your Real Estate in Sherwood Park is Functioning Properly.

As you gear up for the holidays, the most important thing to do is ensure that your home is functioning properly. Colder temperatures and snowfall can cause all sorts of mayhem within your home. This is why it is important to make sure everything is in working order before guests arrive for the holidays. Check the essentials like your heating, A/C, and water pressure. You can check the water pressure of your showers and faucets by purchasing a pressure gauge from your local hardware store. Generally, you want the pressure to be somewhere between 40 and 60 psi. 

In addition to this, you’ll want to clean out your vents, fans, filters, and AC registers. Whether you’re having guests over or not, this is a good maintenance task to add to the list. Many people neglect to clean the places where air circulates which causes poorer air quality. Especially, because people tend to spend more time indoors during the winter months. 

Furthermore, you will want to check your furnace before it is time to kick on the heat. During the summer when your furnace is not used, it will typically collect dust. It is important to clean the dust off of your furnace before you turn it on to avoid the burning smell that will otherwise happen. You may also want to have a professional come and inspect your furnace if you believe there is anything wrong with it. 

Get Cleaning and Make Necessary Improvements.

Finally, the last thing you’ll need to do is clean and make any necessary improvements. You can begin by decluttering and donating any unused items. Not only is this a good way to keep things neat and tidy, but it is also a great way to help out your community during the holidays. Things like old winter clothes, toys, blankets, and pillows are all good donation items. Once you have effectively decluttered, you can get into the cleaning. 

Before your guests arrive, it is important that you vacuum, wipe dusty surfaces, clean the kitchen and remove any grime from the bathrooms. This will help keep the dust down and remove any germs. With guests from out of town and changing weather, it is easy to get sick during the holidays. This is why it is so important to keep your home clean and tidy!

Contact Me Today!

Preparing your home for the holidays in advance will help you minimize stress and maximize relaxation time. Create a basic to-do list and get started with preparing your real estate in Sherwood park for the holidays. For more information on selling or buying homes, contact me today. I’d be happy to answer any questions you have about how to achieve your real estate goals. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future. 

sherwood park real estate agent

What Makes a Good Sherwood Park Real Estate Agent?

A good Sherwood Park real estate agent is quantified in a number of ways. Having a great real estate agent is essential to your success as a home buyer or seller. Your agent will be responsible for negotiating, finding you the right property, helping you market your home for sale, and/or guiding you through the process. Whether you are buying or selling real estate it is important that your real estate agent has your best interests in mind. That being said, there are three major qualities that any great real estate agent must possess. These include communication, resourcefulness, and expertise. 

1. Sherwood Park Real Estate Agents Must Be Communicative!

A real estate agent’s ability to communicate is key. Especially if you have a busy schedule that makes it difficult to find time to meet with an agent. This is why a good agent needs to be responsive at all times during the day. In order to help you reach your goals, they must be able to bend and flex when you are available. Communication also goes a long way in helping promote your listing if you are a seller. On the other hand, as a buyer, you’ll want your agent to have great communication so that they can eloquently secure a deal on a home you love. 

In addition to this, a REALTOR’S® ability to communicate should take into account how well they listen. Most successful agents are great listeners. Being able to listen helps agents learn about their clients and their competitors so that they can form the best plan of action. This will in turn enhance the client experience and ensure that your aspirations are met. 

Furthermore, good communication skills allow real estate agents to keep in tune with current trends. The real estate market is always changing and it is important that your agent stays on top of these changes. Don’t settle for an agent who isn’t communicative with their clients. Keeping you informed is an essential part of a real estate agent’s job!

2. A Good Agent is a Resourceful Agent.

An agent’s ability to be resourceful is another quality of a great REALTOR®. They will be able to work around problems with regard to both buyers and sellers. Having a solid understanding of the market and a large network of contacts behind them will help you as you work to achieve your real estate goals. Understanding the market and the history of housing in the area is another key part of a good agent. To gauge an agent’s knowledge of the market ask them in-depth questions about the area.

Additionally, your agent should have a solid number of contacts in their network. The more people your agent knows, the better. A real estate agent who has relationships with contractors, inspectors, and city officials will be helpful during both the buying and selling process. A resourceful agent will also be able to help you stick to a certain budget. Finding a REALTOR® who is creative and offers a wide range of solutions is vital to your success as a property owner.

3. They Are Experts in What They Do. 

A great real estate agent will know the area like the back of their hand. Local expertise is crucial when it comes to buying and selling real estate. Being an expert in the area will help you as the client in so many ways. Local knowledge will give your agent the upper hand over other REALTORS®. This is because they will be able to give you hyper-local information about nearby interest points, future city plans, up-and-coming neighbourhoods and so much more. You can get a sense of the agent’s knowledge of the area by determining where they’ve completed the most transactions. Avoid agents who focus on broad statistics like provincial sales and national averages. A great agent will have a healthy knowledge of both local and regional statistics. 

Additionally, a great agent will be an expert when it comes to negotiating and marketing. REALTORS® who have experience in buying and selling homes know the value of these two skills. 

For more information on buying or selling homes, contact me today. I’d be happy to answer any questions you have about how to achieve your real estate goals. Feel free to reach out to me at any time! Be sure to check back next month for more real estate-related information. I look forward to working with you in the near future.