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I have sold a property at 1 4616 49 AVE in Gibbons Alberta


Looking to downsize?! Then look no further than this gorgeous 1055 square foot half duplex 2 bedroom condo located in the heart of Gibbons. Pet friendly, the main floor boasts of a spacious entrance with ample closet space, U-shaped kitchen with breakfast bar and corner pantry, large living room with corner gas fireplace, a 2 piece bath/ laundry room, generous sized second bedroom, and a massive master bedroom with attached 4 piece en-suite and main floor laundry. Your no maintenance deck overlooks a fenced common area to enjoy. Self managed complex, the condo fees are just $250 month. Heated and finished garage, air conditioning, and additional parking are just some of the many upgrades you will find in this no maintenance property! WELCOME HOME!


If you have a Gibbons home to sell, please go to our Free Home Evaluation Page and we'll shortly get back to you.

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What is a Real Estate Absorption Rate?

During listing appointment and the CMA process, sellers often ask "How long will it take to sell my house?" Although there is no magic way of knowing the answer, know what is currently happening economically and using a real estate absorption rate here in Edmonton will give us a good indication of how long a property will be on the market. An absorption rate will also tell us if it is a buyers market or a seller's market and is often used by real estate investors. It can also give a prediction on the demand of an Edmonton community.


Edmonton House Prices Image


Knowing how to use and calculate absorption rates using this real estate tool has several benefits. It's the best thing next to a crystal ball. An absorption rate It is a rate at which homes sell in a given area during a given time period. Absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.


For example, if there are 100 houses listed for sale in a certain area, and 10 houses sold over the last month, the absorption rate is 10/100=10%. Which means, assuming no other house listing are put on the market, it would take 10 months for buyers to purchase enough properties to absorb the real estate demand.


As a rule of thumb, an absorption rate of 20-25% or higher means that homes are selling quickly and the market favors sellers. Lower absorption rates mean that homes are not selling quickly and supply is much greater than demand, favoring buyers.


If you are thinking about selling in Edmonton or the surrounding area and would like to know the absorption rate in your community, contact us.

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I have sold a home at 4665 154 Ave, Brintnell Edmonton


Welcome to an exceptional home in North Edmonton. Thoughtfully designed 5 bedroom bi-level that is sure to impress! Elegant, traditional, and meticulously maintained! As you enter this spectacular home, you are greeted by the grand foyer with a sneak peak of the gourmet kitchen. The main floor features include a Master bedroom with a beautiful spa-like ensuite, a walk-in dream closet, and vaulted ceiling. The open concept kitchen offers stainless steel appliances, pavilion cabinet door, breakfast bar and a built-in-wine rack for those special celebrations. There are also 2 more good sized bedrooms, a great room, dining area for elegant dinner parties, office nook, and a relaxing living room with a serene gas fireplace to cuddle by. The fully finished basement of this impressive property features a colossal rec room with electric fireplace, wet bar & fridge, 2 additional bedrooms, an elegant 3 piece washroom fit for a princess and ITS OWN SEPARATE ENTRANCE to the beautifully landscaped backyard.


If you have a Brintnell home to sell, please go to our Free Home Evaluation Page and we'll shortly get back to you.

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I have sold a property at 12215 Dovercourt Crescent Edmonton


Baby Boomer Ready! A perfect home in a community where house values are increasing with curved roads and mature landscapes. This beautifully renovated bungalow with neutral decor and white trim features 2 bedrooms, a main bathroom with heated floors and another half bath. The kitchen boasts of modern "country charm" with gorgeous cabinets, a gas stove and plenty of counter space. The main living room features a private view outside to the large deck trailed by crushed rock stones leading to a large fully fenced backyard. Perfect for BBQ's and morning coffee. The double attached garage is insulated with high ceilings and 8' doors. This fantastic property is located across from a green space and is walking distance to both the elementary school and the community churches.


If you have a Dovercourt home to sell, please go to our Free Home Evaluation Page and we'll shortly get back to you.

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