Curtis Leibel 780-438-2500

Our Edmonton market has generally held strong amidst the low oil prices and struggling Alberta economy.  However, we are starting to see the effects on the market and as we get into the summer months expect to see the volume of sales to continue to decrease.  Although historically we have seen moderate growth in sale prices year over year, the last 2 years have reported a small dip in house prices.

The Alberta Real Estate Association have released the latest stats for June.  Here is a quick summary for Alberta as a whole:

• total of 6059 units solds, this is down 9.2% from the month of June/2015
• the average mls sale price is also down 1.4% from last june, averaging $397,269

The good news is that the Edmonton Region saw one of the smallest year-over-year changes of only -0.6%.  Calgary and Lethbridge regions saw the only positive changes (of .2% and 2% respectively) in Alberta, while the South Central Alberta and Fort Mcmurray regions saw the greatest decreases; between -19.8% and 32.3% respectively.

Brand new beautiful coach home listing in the west end.  This is actually my 3rd listing in this complex in the last few years, the whispering willows.  This well run complex is in great shape, has low condo fees and is in a great location, near west edmonton mall, Terra Losa shopping center and many major commuter roads.  It is one of the rare top floor 2 bedroom + den units at the end of the complex and is meticulously maintained.  Large open layout with updated kitchen, island and breakfast bar with granite countertop.  Boasting two grand bedrooms and a den with french doors and built in cabinets.  This is a must see, and wont last long at a listing price of $214,900.