The Edmonton Real Estate Board - James Mabey
Rob Dunseith Introduced James to the club.
Originally from Edmonton, James Mabey graduated with great distinction from the Faculty of Management at McGill University. James became licensed as a Realtor in October 2005. He and his mother Louise worked together as Associates until May 2006 when they purchased the office they were then working with. In the fall of 2007 James was licensed as a Broker and took over the responsibilities of managing his office. In 2012 James and Louise merged their office with the existing Realty Executives Masters to become a stronger player in the St.Albert marketplace. James manages the new office and spends time working in the areas of staffing, technology, marketing, Realtor services, and continues to help his own buyers and sellers with their real estate needs. In 2009 Avenue Magazine awarded him as one of Edmonton’s Top 40 Under 40 and in 2014 he was awarded the first ever Broker Leadership Award by the Realtors Association of Edmonton. James' father was a member of the Rotary Club of Edmonton West.
James first explained what a realtor is and showed an example of one of the realtor TV ads that have been running for the last couple of years.
James then went on to give an overview of the housing market in the Greater Edmonton Area. Even though the media talks about a downturn in the market, housing prices in Edmonton have remained very stable over the past year. Statistics vary depending on the type of housing and the area of the city, but overall housing prices are down less than 5% from last year.
“When looking at housing prices, we have to take into account a number of factors,” Mabey said. “Last month, we saw sales of two homes in Edmonton that were priced at more than $3 million dollars. This is the first time that properties at that price point have sold in 2016, and those two sales affected the average price by several thousands of dollars. So it is important that we also look at the median prices as well, to gain a clear picture of the market.” James also spoke to when is a good time to buy and sell houses in general.
Mr. Mabey was thanked for his presentation on behalf of the club by Mike Ryan.
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