Bryan Statt | MaxWell Devonshire Realty Blog

Saturday, March 26, 2016   /   by Bryan Statt

Hey, What's up with all the Multiple offers? I thought the market was soft?

Well folks, the new reality in Edmonton, Sherwood park and surrounding areas is that inventory levels continue to rise and consumer confidence is apathetic at best. Interest rates are low, there are many homes to choose from and it would appear that this is the time to take a casual look into buying your first home. So why is it that when you are talking to that co-worker who is looking for a new home they tell you that every property they have seen online is pending or sold and when they write an offer quick on a new listing they find themselves in Multiple offers? Well the anatomy of this enigma is actually quite logical. It is actually because of the low interest rates and high inventory levels! We currently have a LARGE number of buyers in the market who have become highly educated on price and value because they have seen so many properties and have lots of comparable homes in all areas. So when that really cute home with the great price in a good neighbourhood comes up they all j! ...

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  offers, multiples, edmonton, sherwood park, pending, sold, inventory

Monday, March 7, 2016   /   by Bryan Statt

Choice abounds as prices... Hover?!?

Despite the doom and gloom of the national news media, the report from boots on the ground in the real estate trenches in Edmonton are remarkably positive. As inventory has continued to rise again this month, as we would expect in the normal seasonal swell, the undeserved fear and trepidation the media has been peddling hasn't seemed to affect the average prices much at all. Some categories have seen slight retraction to be sure, however for the amount of effort that has been exerted in making buyers scared of Alberta real estate, Albertans are a hearty bunch used to the ebbs and flows of an active and dynamic market. The bottom line for you, the consuming public? Well its simple, you have more to choose from as a buyer and more competition as a seller, but my advice for both buyers and sellers is that the BEST homes ALWAYS sell FIRST and FAST. Buyers should be prepared to buyer when the right home comes on and be prepared for multiple offers as other buyers are doing the same. Sellers; ...

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