The Edmonton Listing Blog - courtesy of Century 21 Reward Realty

Edmonton house sales will be down this year compared to 2009, the Realtors Association of Edmonton predicted in its annual forecast released Thursday. The association predicts 15,500 homes will be sold through the Multiple Listing Service in 2009, compared to 17,317 that were sold in 2008, a drop of 10.5 per cent. "The Realtors Association expects that the continuing global uncertainty and buyer reluctance will continue through the first part of this year," association president Charlie Ponde ... Full Article...

For three years, Champ Cars splattered the City Centre Airport race track with rubber and red ink and Edmonton's taxpayers were free to enjoy the cacophonous spectacle, knowing they wouldn't have to clean it up after the checkered flag flew. Enter the Indy Racing League, which in Year 1 saw new event owner Northlands host an entertaining July 2008 race that left an unruly and unexpected $5.3-million mess in its wake, with another $1.5-million deficit projected for an ethanol-fuelled weekend th ... Full Article...

Just added this listing: "This custom designed 2002 built Two Storey with front drive double attached garage is situated in a quiet cul-de-sac in Fraser River Park. It is the perfect home for an active family lifestyle featuring 1952 Sqft of open living space brandished by hardwood, ceramic and high end broadloom; designed for entertaining. It has a gorgeous front foyer leading to an ensemble of great room, dining area and gourmet kitchen. The great room showcases a stone hearth natural gas fir ... Full Article...

Just added this listing: "Are you an investor looking to subdivide,have a business and want to relocate, want a hobby farm,or just want a beautiful acreage? Here is the perfect setting! The possibilities are endless! Immaculate 1848 Sq Ft Open Concept 3 Bedroom Bungalow nestled on 31.88 acres located in RIVIERE QUI BARRE. It features a 230 Sq Ft Sunroom, 3 Stall Heated Attached Garage, 1,000 Sq Ft Heated 2 Bay Shop, 10 Box Stall Stable with a Heated Office and a 70'x 100' Heated Riding Arena wh ... Full Article...

Just added this listing: "Drastically reduced to an unimaginable price of only $469,000 well below replacement cost..check it out..- it won't last....Open Concept with 9' ceilings makes this 2 storey 1938 sq ft simply gorgeous! High Quality finishing, includes Hardwood and Ceramic - Big Kitchen Nook and Great Room Area. New Home Warranty included. Largest lot in the neighborhood; ample front yard. Gst included (rebate to Builder) Final Grade and landscaping is completed for the New Buyer!!" Full Article...

When buying Edmonton Condos, consider this.  Century 21, RE/MAX, Coldwell Banker and Prudential are among the leaders in real estate brand awareness, according to the results of an online consumer survey. They survey, which is based on 875 online interviews between March 3 and Aug. 10 with U.S. adults who bought or sold a home in the past two years or plan to purchase or sell a home in the next two years, was conducted for Century 21 by Millward Brown, a market research company. About 97 pe ... Full Article...

With the unraveling of the month of November 2008, here is the Greater Edmonton MLS Statistics: * The average price of a single family residence still hovering at the $362,000 range * Condos are still continuing to slide to an average price of $231,531 (at the height of the market back in June 2007 it was at $266,100 - about a $35,000 difference or a 12.9% Drop) * Overall the Average residential Sales price (includes all types of property) was up a quarter of a percent * Listing Inventory ... Full Article...

To get a house today at 2006 Single family home average prices, we would have to slip down to average prices of $292,829 - is that possible? In my opinion, NO. We actually only have 20% increase in housing prices in the past 2 years - 10% a year return - that sounds like a reasonable return and hasn’t the land always given reasonable return? * At December 2008 year end the statistics are in: Condo prices, which had dropped over 8% in October and November, were up 1.2% over the previou ... Full Article...

Canada has begun 2009 with a financial crisis, a global economic slowdown, political unease at home and the emergence of a new ideology in the United States. Amid the uncertainty, the National Post and Canadian Club's 32nd Annual Outlook, presented by Scotiabank, Monday brought together an economist and three Financial Post columnists to present their thoughts on what the year might hold. None expects 2009 to be easy, and while there is a high risk of more market shocks to come, there is an equ ... Full Article...