Jaime Kellogg Real Estate professional YEG

10/27/2024

11/02/2023

If you are looking to Sell your home! Now is the time. Our Brokerage is doing a brokerage wide giveaway! Please give me a shout for more information.

Let Realty ONE Group help you find the home of your dreams. Get immediate listing alerts, current market reports, professional home evaluations, and more.

06/01/2023

Congrats to my beautiful clients on her new home!!! I love possession day.

01/25/2023

Here are this weeks stats! We need more houses!! If you are thinking of selling let’s chat. sales went up 28% from last week but only 1% new listings.

01/18/2023

Market is starting to pick up!!! If you are thinking about buying or selling let’s chat!

01/07/2023

So 2022 can be described in one word.. rollercoaster. The year started off with a bang with many properties going into multiple offers with many industry members having flashbacks of 2006. By the end of summer the Bank of Canada started increasing interest rates to put the brakes on the increasing inflation rate. The result - a softened market for the last four months of the year. This resulted in the loss of the gains seen in residential real estate from the beginning of the year. We only saw an increase of 145 transactions between 2021 and 2022 - a 0.9% increase.
The average sale price of a single family home increased by 5.1% to $474,649 for the year. Transactions in December had an average price of $403,670. The number of transactions for the whole year were 4.4% less than 2021.
The average sale price of a condo remained stable with only an increase of 0.5% to $224,827 for the year. Transactions in December had an average price of $177,040. The number of transactions for the whole year were significantly up by 14.9% more than 2021.
Days on Market (DOM) was quite low at the beginning of the year and as the market slowed down we saw it increase through to December. The average DOM for the year was 41 Days - only two days less than 2021.
Another interesting fact that we gauge the market with is the percentage of listings sold. If we only look at the properties sold and compare that to the properties listed in the year, we lost many of the gains made in the spring/summer market. At the end of the year we saw 57% of properties sell that were listed in 2022. In 2021, this number was 60% - not a big difference.
The luxury market also saw some interesting changes. In 2021, we saw an increase from the previous year to 261 transactions of properties listed over a $1 Million versus only 238 last year.
For any real estate questions or any real estate needs please dm me!