Sherwood Park & Edmonton Real Estate Blog

As we welcome 2025, Edmonton’s real estate market presents unique opportunities for buyers and sellers alike. Here's what’s happening:

For Sellers: Detached homes are selling faster and at higher prices year-over-year. With less competition, you’ll face motivated, serious buyers who are ready to make offers. Now is the perfect time to list your property and maximize your return.

For Buyers: Stable home prices and slightly longer days on market give you a window to secure your dream home before 2025 prices climb higher. If you’ve been on the fence about buying, act now to take advantage of favorable conditions.

Whether you’re buying, selling, or just curious about the market, I’m here to guide you every step of the way.

Call me today to discuss your goals for 2025. Let’s make this year a success in real estate!

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The start of a new year often sparks dreams of fresh beginnings, and for many, that includes finding a new home. Whether you're planning to buy or sell a property in 2025, preparation is key to a smooth and successful process. Here's a step-by-step guide to help you navigate your next move.

Thinking of Buying?

• Assess Your Finances: Start by reviewing your income, expenses, and savings. Create a realistic budget that fits your goals.

• Check Your Credit Score: Monitor your credit and address any errors. Paying off debt can also improve your chances of securing a favorable loan.

• Get Preapproved for a Mortgage: Work with a trusted lender to understand your borrowing power and explore programs for first-time buyers or veterans.

Thinking of Selling?

• Declutter and Depersonalize: Simplify your space to help buyers envision themselves in the home.

• Make Necessary Repairs: Fix leaky faucets, repaint walls, and replace worn carpets for added value.

• Deep Clean Your Home: A spotless house makes a strong impression. Professional cleaning can be worth the investment.

Buying or selling a home can be an exciting yet overwhelming process. With the right preparation and professional guidance, you can achieve your real estate dreams in 2025. Ready to get started? Contact me today for personalized advice and support.

📞 Call or message me to discuss your 2025 real estate goals!

The Edmonton housing market remains active, with buyers and investors finding opportunities despite low inventory. From affordable condos to lucrative semi-detached homes, here’s what you need to know.

Key Points:

• Condos are up 19.8% YoY, yet still average $203,920.

• Semi-detached homes saw a 12.3% YoY price increase with solid investment potential.

• Why December’s slower pace could benefit buyers.

Let me help you find the perfect property! Contact me today for the latest listings.

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The holidays are a time to pause, reflect, and plan for the future—so why not plan your next move? 🏠 Whether you’re looking to buy or sell a home in 2025, starting the process now could make a major difference.

Why Plan During the Holidays?

1. Time to Reflect: With time off from your usual routine, it’s the perfect opportunity to evaluate your living situation and future goals.

2. Get Loved Ones Involved: The holidays bring family and friends together—use this time to discuss your options and gain perspective.

3. Market Trends: Real estate prices tend to rise, so getting ahead of the market could help you save money or maximize your sale price.

Steps to Get Started:

• Set Your Goals: Where do you want to live? What are your priorities?

• Meet with a Realtor: Get answers to your questions and insights on the 2025 market.

• Create a Plan: Start preparing finances, timelines, and wish lists for your next home.

If you're considering a move, let’s connect! I can help you navigate the process and set you up for success in the new year.

Contact me today to get started!

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Edmonton Detached Homeowners: Winter Might Be Your Best Season to Sell!

As the snow falls, so does the competition in the real estate market. If you’re a homeowner in Edmonton, you might be surprised to learn that winter 2024 is a golden opportunity to sell your detached home. Let’s break down the numbers and trends that are working in your favor:

1️⃣ Detached Home Prices Are Up
The average price for detached homes in Edmonton reached $540,320 in November 2024, marking a 12.8% increase compared to last year. This upward trend highlights strong buyer demand.

2️⃣ Detached Sales Are Thriving
Year-over-year sales are up 23.6%, proving that buyers are still serious, even in the winter months.

3️⃣ Inventory Is Low
With inventory down 12.1% month-over-month, there’s less competition for sellers, making your home stand out more to active buyers.

Why Wait? Get Ahead of the 2025 Spring Market
While the spring market is forecasted to be busy, waiting might mean more competition. Selling now ensures that motivated buyers see your home first.

📞 Ready to take advantage of this market? Reach out today for a personalized consultation and learn what your home is worth!

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As we approach the New Year, it’s the perfect time to pause, reflect, and think about what "home" truly means to you. The holiday season brings families together and inspires dreams of new beginnings, whether that’s upsizing to accommodate your growing family, downsizing for simplicity, or stepping into your very first home.

Why Plan Now?
The start of the year offers a clean slate to assess your housing needs, goals, and timelines. Here are a few conversation starters for you and your loved ones:

• Where do we see ourselves living next year?

• What are the most important features we want in a home?

• What are the deal-breakers that we should consider?

As a trusted real estate professional, I am here to help you navigate the process, answer questions, and connect you with the resources you need. Let’s make 2025 the year you step into the home of your dreams!

Ready to start the conversation? Contact me today to explore your options and make a plan for the future!

The real estate market is poised for a shift. Despite economic turbulence, home values have remained resilient. With interest rates projected to decline, we anticipate a surge in buyer activity. Here's why now is the time to act:

Sellers: Low inventory has kept home values stable, even during challenging times. Preparing your home for sale now ensures you're ready when demand peaks.

Buyers: Rate drops make it more affordable to purchase, but competition will increase as more buyers enter the market.

Investors: With strong demand projected, it's a great time to diversify your real estate portfolio.

Don’t wait until the market becomes crowded. Get ahead by planning your next steps today. Whether you're selling, buying, or investing, let’s work together to make your real estate goals a reality.

Contact me now to create your personalized strategy!

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In a world full of change, a little grace and gratitude can go a long way. Whether it's giving yourself patience or helping someone in need, small steps make a big impact.

Edmonton Real Estate Market October 2024: Interest Rates and Sales Trends

The Edmonton real estate market saw significant changes in October 2024, with sales volume soaring despite pressure from recent interest rate fluctuations. If you’re a homeowner, buyer, or investor in the Greater Edmonton Area, understanding these shifts can help you make informed decisions.

October 2024 brought a 10.5% increase in residential sales month-over-month and a remarkable 38.5% increase compared to October 2023. With new listings down 8.7% from September, inventory is tighter, contributing to a competitive market for buyers.

Detached home sales rose 10.2% month-over-month and an impressive 37.2% year-over-year. The average detached home price in Edmonton remains steady at $552,954, up 13.6% from last year. Sellers of detached properties are well-positioned to benefit from this stable demand and limited inventory.

Semi-detached, row/townhouse, and apartment condo sales also saw significant gains, with condo sales up 43.6% year-over-year. This boost in activity indicates a growing interest among buyers seeking more affordable property options, possibly driven by increased interest rate impacts on financing.

For buyers and investors, the market presents unique opportunities. While apartment condo prices dipped 4.1% from September, their demand has spiked. Buyers looking for entry-level properties or investment opportunities can take advantage of these trends.

With Edmonton’s October 2024 market showing strong sales and stable prices, now may be an ideal time for sellers to list. Buyers and investors should also keep an eye on the evolving landscape, as interest rates shape Edmonton’s real estate future. For personalized advice, reach out today to explore your options in the Edmonton housing market.

Watch Video

The Edmonton real estate market saw significant changes in October 2024, with sales volume soaring despite pressure from recent interest rate fluctuations. If you’re a homeowner, buyer, or investor in the Greater Edmonton Area, understanding these shifts can help you make informed decisions.

October 2024 brought a 10.5% increase in residential sales month-over-month and a remarkable 38.5% increase compared to October 2023. With new listings down 8.7% from September, inventory is tighter, contributing to a competitive market for buyers.

Detached home sales rose 10.2% month-over-month and an impressive 37.2% year-over-year. The average detached home price in Edmonton remains steady at $552,954, up 13.6% from last year. Sellers of detached properties are well-positioned to benefit from this stable demand and limited inventory.

Semi-detached, row/townhouse, and apartment condo sales also saw significant gains, with condo sales up 43.6% year-over-year. This boost in activity indicates a growing interest among buyers seeking more affordable property options, possibly driven by increased interest rate impacts on financing.

For buyers and investors, the market presents unique opportunities. While apartment condo prices dipped 4.1% from September, their demand has spiked. Buyers looking for entry-level properties or investment opportunities can take advantage of these trends.

With Edmonton’s October 2024 market showing strong sales and stable prices, now may be an ideal time for sellers to list. Buyers and investors should also keep an eye on the evolving landscape, as interest rates shape Edmonton’s real estate future. For personalized advice, reach out today to explore your options in the Edmonton housing market.

Craig Finnman
RE/MAX Elite
(780) 982-1589⁠
craig@craigfinnman.ca

Read Full Market Stats Report

This Thanksgiving season was filled with so much gratitude, especially for each of you who joined us at the Thanksgiving Pie Pick Up & Portrait Event!

It was a beautiful day seeing familiar faces (and some new ones!) and capturing memories. Thank you for making this event a success and for the opportunity to be apart of your real estate journey.

I’m honoured to be your go-to Real Estate Expert and look forward to supporting you for many years to come.

Warmest thanks,

Craig Finnman
RE/MAX Elite

Working with a knowledgeable real estate agent can help reduce the stress of moving to a new area. I’m part of a network of trusted professionals located all over North America. If you need a referral for an agent in another area, I’d be happy to connect you to one!

Craig Finnman
RE/MAX Elite
(780) 982-1589⁠
craig@craigfinnman.ca