Thursday, February 26, 2009

Edmonton Neighbourhoods: Glenora

Glenora is located West of Oliver and South of Westmount and North Glenora.

With a quick access to Downtown Edmonton, Univerity Area, and West Edmonton, Glenora is a great place for a family or a single person to buy a home. Near the river valley, you will find terrific biking trails, Victoria and Mayfair Golf and Country Club, and Royal Alberta Museum.
There are currently 19 homes for sale through MLS® in Glenora, ranging from $299,800 to $1,195,000 with average listing price of $733,952 - $405.68 per sq.foot. Most of them are bungalows and 2-storey. In the last 90 days, 4 homes were sold for the average price of 762,400 - 352.43 per sq.foot.
There are currently 11 condos for sale ranging from $159,000 to $ 284,525 ( 1,2,3 bedrooms ).
As per Edmonton Municipal Census most of the homes are single detached houses - 1093 total, 1029 owned and 64 rented, and condos - 364 condos, 205 owned and 159 rented.

Thursday, February 5, 2009

Edmonton Oliver & Downtown Condo Statistics

Wow. What a ride. You have definitely increased your equity if you bought your downtown condo before 2007. The real estate prices have been fairly stable with little change in the last two months. The average MLS® price per sq.foot for January was $262.72, much more affordable compared to January 2008 at $322.76 ! At the current interest rates with 5% down and the prices of properties, you are much better off buying a home than renting, something you could not afford last year. You may notice that our data refers to condos under 500K - the big dollar penthouse sales tend to throw off the averages which I would like to keep more realistic.