Welcome to the 2020 Lake Country Real Estate Market

After a successful 2019 campaign in Lake Country, I was pleased to say Edmonton Lake Property had a decent year selling just under $8,000,000 dollars in lake real estate (team stats) 7,00,000 (Wayne), but the market overall saw a price drop for the first time since 2013. By comparison, the Edmonton market is starting to stabilize in sales volume but continues to decline in value since 2015.

Lake Countries’ real estate market in 2019 could be described as “Uncertainty”. Partially this was due to market conditions but the biggest challenge to our market in 2019 was the weather conditions that were less than ideal.

We could almost say we missed a summer in 2019. It was spring and then it was fall. We all know lake buyers are looking for convenience which Lake Country provides but lake buyers more than anything want nice weather in order to get motivated to invest in our area. Let’s hope that the weather finds us in 2020.

No doubt the Coronavirus is on most people’s minds and depending at the moment the messages regarding spread or containment are all over the place. Being a lake specialist, I’m making sure I understand the present situation completely in order to advise both sellers and buyers.

I believe we at Edmonton Lake Property are focused on one word “Opportunity”. I believe since we joined the market in 2012 our claim to success is our ability to expose the Edmonton area to our market. In a way almost like letting them in on Metro Edmonton’s best-kept secret. Which are, you don’t have to drive 500 miles to enjoy the many great aspects of owning a lake property.

This year our marketing plans are focused on new buyers and introducing them to the many wonders of Lake Country which I consider Lake Wabamun, Isle Lake, and Lac Ste Anne. We are developing a program for new buyers who want to commute, those who want to use and rent and for the large snowbird crowd. I believe a good marketing plan is what we will need to succeed.

This market will be challenging, and you want to make those decisions with the voice of experience. I feel I’m qualified as a lake and recreational specialist especially in our area where I’ve been involved in 350 sales and volume over $85,000,000.

I’m maybe one of a few Realtors still in the business after the total market collapse in 1983. This collapse was caused by two major issues, interest rates and the National Energy policy that came to be known as the NEP. This year at the lake we have the economy and the virus and navigation will be difficult.

Fortunately, today we are only dealing with one of those factors that would contribute to our lack of an energy policy that is creating an atmosphere leading to a lack of investments and job loss. Here again, I will use the word “uncertainty”. This uncertainty in the early ’80s cost many people everything, yet a minority of others prospered. We can help you to be in the winning group.

In my 35 years of being involved in the industry. The word I see opportunity. I’ve watched both buyers and sellers profit in the 1983 – 1986 market despite the so-called recession where we saw the number of Realtors drop from a high in 1983 of 3300 to less than 1600 by 1986.

Edmonton Lake Property has designed an opportunity diagnosis of the industry and can advise you where, when and should you buy or sell, and my staff and I would love to share it with you no matter what your reason for considering our area.

While others are gearing down, we are ramping up. We invite you to give us a call for either a free home seller consultation or a buyer’s investment in lake property consultation to see how we can show a profit in our current market.

NEW SERVICES FOR LAKE BUYERS- Based on the competitive nature of real estate we have created a new service and invested in the equipment to bring the market to you in live time. This could work for the many with concerns regarding the Coronavirus.

Too busy to come out and see that new listing – No Problem – Wayne and his team can bring the home to you via multiple formats that are basic and easy. Imagine sitting at your home or office in LIVE Time viewing the Latest listing that could be perfect without making the 50-mile drive from Edmonton. View even the fine details up close. Don’t miss out on the right home ever again. Call for more information.”

 We will also be conducting seminars for people considering lake property in Edmonton at major hotels. This is a part of go get the buyers in 2020. Watch for our promotions.

Either give us a call at 780-991-5107, our look for our mobile offices touring the lake with buyers in 2020 to learn more. We look forward to seeing you soon.

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