Rapperswill Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Rapperswill:

  • Total number of single family homes sold: 2
  • Average home selling price:  $336,500
  • Average selling price per square foot:  $241.91
  • Average days on the market: 21 days

Rapperswill Sold Homes

 

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Oxford Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Oxford:

  • Total number of single family homes sold: 35
  • Average home selling price:  $368,454
  • Average selling price per square foot:  $237.77
  • Average days on the market: 58 days

Oxford Sold Homes

 

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Lorelei Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Lorelei:

  • Total number of single family homes sold: 24
  • Average home selling price:  $310,406
  • Average selling price per square foot:  $243.83
  • Average days on the market: 30 days

Lorelei Sold Homes

 

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EDMONTON - Spring is officially here and with it comes the real estate season.

 

“Spring is definitely the busiest season for both buyers and sellers,” says Doug Singleton, 2012 president of the Realtors Association of Edmonton. “We see a lot of activities and transactions from March to June every year. Land titles are busiest at the end of June and July because of all the activity that happens in the real estate market in the spring. July and August tends to slow down because of holidays and vacations. Things tend to pick up again in September, October and even November but then activity generally slows down again in the winter.”

 

In fact, the March-to-June period accounts for almost half the sales in the entire year.

 

This year, the statistics suggest that February was an unusually strong month for real estate federally, provincially and here in Edmonton. But does this stronger winter season mean a slower spring? March statistics seem to suggest otherwise.

 

According to data from the Edmonton Real Estate Board, sales and listings by were up last month. Listings were up 23.5 per cent from February and sales were up 24.5 per cent. The average price of a single family detached home in Edmonton was $380,083, up 1.3 per cent from February. The average price of a condominium in March was $231,629, down 1.4 per cent from the February price.

 

While our market appears to be quite calm, other places like Toronto have red-hot markets where unconditional offers and multiple offers are common place.

 

Fear of rising interest rates

 

There’s continued speculation that interest rates will rise, making it tougher for Canadians who are leveraged too much. Will Canadians try to get their purchases in before these rates come? Will this mean more activity? Or will higher interest rates make it more challenging, particularly for first-time homebuyers? Of course, interest rates may remain unchanged, given Mark Carney’s reluctance to raise them in fear of massive debt levels in Canada.

 

Is there a best time to buy or sell?

 

March’s sales-to-listing ratio was unchanged, usually a signal for market stability. Singleton says that the seasonality of the real estate market changes the number of both buyers and sellers, and therefore both supply and demand. In spring, there is more demand for real estate, but also typically more supply, so we don’t usually see spikes in prices. The opposite occurs in a typical winter, when there are fewer houses for sale, but also fewer buyers.

 

Basic economics suggest that prices go up when there are more sellers than buyers and prices go down when there are more sellers than buyers. If there is an increase to both buyers and sellers you can have an increase in activity but not necessarily an increase in price.

 

Don’t try to time the markets

 

Buying real estate can be similar to buying stocks or mutual funds, from the perspective that it should not be about timing. Just as no one knows what will happen to the price of stocks, no one really knows what the spring will hold for the price of real estate. Maybe February stole some sales from March and April and prices will not increase as a result. Or maybe, the data from February and March were just a sign for higher activity in the spring. Who really knows? Only time will tell us the direction of real estate prices.

 

Buying a place to live should be about fundamentals, not timing or forecasting prices. If you think about it, there are always good reasons to buy real estate and always reasons why it may be a bad time to buy. If you’re in the market, remember to keep your focus on the things that matter, and try not to worry about the factors you cannot control or predict.

 

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Hudson Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Hudson:

  • Total number of single family homes sold: 22
  • Average home selling price:  $376,450
  • Average selling price per square foot:  $247.27
  • Average days on the market: 30 days

Hudson Sold Homes

 

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Elsinore Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Elsinore:

  • Total number of single family homes sold: 28
  • Average home selling price:  $379,666
  • Average selling price per square foot:  $233.20
  • Average days on the market: 39 days

Elsinore Sold Homes

 

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Dunluce Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Dunluce:

  • Total number of single family homes sold: 31
  • Average home selling price:  $308,938
  • Average selling price per square foot:  $251.44
  • Average days on the market: 44 days

Dunluce Sold Homes

 

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Cumberland Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Cumberland:

  • Total number of single family homes sold: 72
  • Average home selling price:  $373,329
  • Average selling price per square foot:  $246.95
  • Average days on the market: 47 days

Cumberland Sold Homes

 

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Chambery Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Chambery:

  • Total number of single family homes sold: 42
  • Average home selling price:  $441,389
  • Average selling price per square foot:  $241.07
  • Average days on the market: 98 days

Chambery Sold Homes

 

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Carlton Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Carlton:

  • Total number of single family homes sold: 30
  • Average home selling price:  $406,996
  • Average selling price per square foot:  $254.65
  • Average days on the market: 53 days

Carlton Sold Homes

 

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Carlisle Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Carlisle:

  • Total number of single family homes sold: 24
  • Average home selling price:  $294,381
  • Average selling price per square foot:  $249.50
  • Average days on the market: 46 days

Carlisle Sold Homes

 

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Canossa Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Canossa:

  • Total number of single family homes sold: 56
  • Average home selling price:  $367,439
  • Average selling price per square foot:  $259.49
  • Average days on the market: 43 days

Canossa Sold Homes

 

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Caernarvon Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Caernarvon:

  • Total number of single family homes sold: 30
  • Average home selling price:  $302,500
  • Average selling price per square foot:  $260.03
  • Average days on the market: 43 days

Caernarvon Sold Homes

 

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Beaumaris Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Beaumaris:

  • Total number of single family homes sold: 20
  • Average home selling price:  $366,250
  • Average selling price per square foot:  $207.56
  • Average days on the market: 57 days

Beaumaris Sold Homes

 

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Baturyn Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Baturyn:

  • Total number of single family homes sold: 42
  • Average home selling price:  $312,657
  • Average selling price per square foot:  $268.76
  • Average days on the market: 49 days

Baturyn Sold Homes

 

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McQueen Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of McQueen:

  • Total number of single family homes sold: 15
  • Average home selling price:  $314,233
  • Average selling price per square foot:  $289.36
  • Average days on the market: 39 days

McQueen Sold Homes

 

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Mayfield Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Mayfield:

  • Total number of single family homes sold: 25
  • Average home selling price:  $267,456
  • Average selling price per square foot:  $270.17
  • Average days on the market: 40 days

Mayfield Sold Homes

 

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High Park Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of High Park:

  • Total number of single family homes sold: 14
  • Average home selling price:  $272,635
  • Average selling price per square foot:  $280.71
  • Average days on the market: 44 days

High Park Sold Homes

 

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Grovenor Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Grovenor:

  • Total number of single family homes sold: 33
  • Average home selling price:  $362,413
  • Average selling price per square foot:  $317.47
  • Average days on the market: 53 days

Grovenor Sold Homes

 

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Canora Real Estate 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Canora:

  • Total number of single family homes sold: 35
  • Average home selling price:  $250,980
  • Average selling price per square foot:  $287.44
  • Average days on the market: 57 days

Canora Sold Homes

 

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