Realtors in Edmonton, Sherwood Park, and St. Albert in Alberta, Canada are reporting steady home sales, with rising appreciation.
Edmonton
"In Edmonton, St. Albert, Sherwood Park and other outlining communities," says Realtor Teresa Mardon, "We have beautiful summers and crisp winters... the best of both worlds!"
She explains, "Following three consecutive months of improvement, October housing starts in Edmonton dropped back from activity recorded in October 2002. According to CMHC, total housing starts across Metro Edmonton fell by 14.5 percent from October of last year to 1,158 units. Despite the fallback, activity on a year-to-date basis remained 4.5 percent ahead of production levels reported in the first 10 months of 2002. Overall, it is still a great time to be selling, and with the interest rates where they are, a good time for buying."
Sherwood Park
Says Realtor Bob Sand, "Sherwood Park is believed to be North America's largest hamlet. There are approximately 50,000 residents, and the town borders Edmonton's east boundary. Resident enjoy a very high standard of living, a safe environment and all the modern conveniences of a major urban center. There is a strong ethic of community involvement, and no undesirable areas to live in Sherwood Park.
"The Sherwood Park market remains balanced with inventory levels which afford buyers a good selection. Average selling price for a detached home year to date is $215,095. This represents an increase of 5 percent over the same period last year," says Sand.
St. Albert
"The City of St. Albert has a population exceeding 50,000 and borders Edmonton's north side," says Sand. "It boasts a very high standard of living and has all the modern conveniences of a major urban center. It's rolling river valley terrain makes it one of the most picturesque locations in Alberta."
Sand advises, "The St. Albert market remains balanced with inventory levels which afford buyers a good selection. Average selling price for a detached home year to date has increased to $217,302. This represents an increase of 3 percent over the same period last year."
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Published: December 10, 2003
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