Carl Phin & Kim McLeod

Need a Reason to Sell Your Home?

Home owners sell and move, on average, every five to seven years. Why do home owners move? People who have lived in the same home for the past 30 years have a hard time understanding this phenomena. They are shocked that people move so often, but I know one thing for certain: Their day to sell and move will come as well.

Here are the top 15 reasons why people sell and move:

1) Home is Too Small. First-time home buyers often outgrow their "starter" homes. Increased family size is the main reason home owners say they need a larger home.

2) Upgrade. The grass is greener on the other side. People often want what they don't have and long for a bigger, more expensive and grander, upscale home.

3) Fix Purchase Error. Owners might believe they made a mistake when purchasing their present home and want to rectify that mistake. Maybe they thought they could get by without a back yard but yearn to garden, or the dining room in the center of the house...

1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA) in March, up nearly 63 per cent from the 837 homes sold last month, but down 6.13 per cent from the 1,453 relative to March 2015. There were 863 single family detached homes sold in the Edmonton CMA, a 67 per cent percent increase month-over-month, and down only 1.5 per cent from the same time last year. March saw the sale of 335 condos and 144 duplex/row houses, up 44 per cent and 82 per cent from February, respectively. 

“Sales, relative to last month, were consistent with the seasonal trends that we expect,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “Inventory is growing, with more than 3,000 properties coming onto the market last month. Despite the inventory growth, prices are holding steady, with median prices on par with last year, and average prices up slightly due to the sale of high-end luxury homes in March.”   

The...