1. Gulfstream Aerospace: Gulfstream Aerospace is an American manufacturer of luxury jets. The brand is renowned for its high-performance business jets, including the Gulfstream G650 and G700. Gulfstream jets are recognized for their range, speed, and luxurious cabin interiors that offer unparalleled comfort and amenities.
2. Bombardier Aviation: Bombardier Aviation, a Canadian aerospace company, produces a range of luxury jets under its Bombardier Global and Bombardier Challenger series. These jets are known for their spacious cabins, advanced technology, and exceptional long-range capabilities.
3. Dassault Aviation: Dassault Aviation is a French aerospace company famous for its Falcon series of business jets. The Falcon jets are highly regarded for their aerodynamic efficiency, advanced avionics systems, and luxurious interiors. They offer a combination of speed, range, and comfort for discerning travelers.
4. Cessna Aircraft Company: Cessna, a subsidiary of Textron Aviation, is an American general aviation manufacturer that produces luxury jets, including the Citation series. Cessna Citation jets are renowned for their versatility, efficiency, and advanced technology. They offer a range of models catering to different needs and preferences.
5. Embraer Executive Jets: Embraer, a Brazilian aerospace company, manufactures luxury jets under its Embraer Executive Jets division. Their lineup includes the Praetor and Legacy series, known for their stylish designs, advanced avionics, and spacious cabins. Embraer jets offer a combination of performance, comfort, and efficiency.

1. Benetti Yachts: Benetti Yachts is an Italian yacht builder renowned for its custom superyachts. With a heritage spanning over 140 years, Benetti is recognized for its meticulous attention to detail, advanced technology, and luxurious interiors. The brand offers a range of yachts, from motor yachts to expedition vessels.
2. Lürssen: Lürssen is a German shipyard specializing in custom-built luxury yachts. The company has a long-standing reputation for constructing some of the largest and most luxurious yachts in the world. Lürssen yachts are known for their exceptional craftsmanship, innovation, and opulent interiors.
3. Feadship: Feadship is a Dutch luxury yacht builder with a focus on custom craftsmanship. The brand is known for its attention to detail, precision engineering, and collaboration with renowned designers. Feadship yachts are synonymous with elegance, quality, and timeless beauty.
4. Amels: Amels is a Dutch yacht builder renowned for its semi-custom and custom luxury yachts. The brand combines craftsmanship, cutting-edge technology, and eco-friendly features to create exceptional yachts. Amels yachts are appreciated for their innovative design, comfort, and high levels of customization.
5. Sunseeker: Sunseeker is a British luxury yacht manufacturer known for its sleek design, performance, and attention to detail. The brand offers a range of motor yachts, from sporty models to superyachts. Sunseeker yachts are recognized for their luxurious amenities, stylish interiors, and exceptional seaworthiness.

Monthly Sales – Single Family Homes = 3 properties sold

Active Listings – Single Family Homes = 23 properties available

Average Sale Price - Single Family Homes = $995,000

Average Days on Market - Single Family Homes = 15 days

A highly skilled and well-regarded professional agent, Michael Pavone has established himself as a prominent figure in the luxury real estate industry in Edmonton. With over 16 years of experience and a proven track record, he is recognized as one of the top-tier REALTORS in the area. When it comes to your real estate venture, trust in the expertise of Michael Pavone, a trusted luxury advisor, and witness the remarkable impact he can make. Utilizing his extensive knowledge in marketing, communication, and negotiation, Michael consistently achieves outstanding outcomes for his clients. Reach out to Michael today to experience the unparalleled difference he can bring to your real estate journey.

Monthly Sales – Single Family Homes = 4 properties sold

Active Listings – Single Family Homes = 21 properties available

Average Sale Price - Single Family Homes = $678,000

Average Days on Market - Single Family Homes = 31 days

Monthly Sales – Single Family Homes = 11 properties sold

Active Listings – Single Family Homes = 36 properties available

Average Sale Price - Single Family Homes = $574,826

Average Days on Market - Single Family Homes = 54 days

A highly skilled and well-regarded professional agent, Michael Pavone has established himself as a prominent figure in the luxury real estate industry in Edmonton. With over 16 years of experience and a proven track record, he is recognized as one of the top-tier REALTORS in the area. When it comes to your real estate venture, trust in the expertise of Michael Pavone, a trusted luxury advisor, and witness the remarkable impact he can make. Utilizing his extensive knowledge in marketing, communication, and negotiation, Michael consistently achieves outstanding outcomes for his clients. Reach out to Michael today to experience the unparalleled difference he can bring to your real estate journey.

Monthly Sales – Single Family Homes = 2 properties sold

Active Listings – Single Family Homes = 24 properties available

Average Sale Price - Single Family Homes = $822,500

Average Days on Market - Single Family Homes = 93 days

A highly skilled and well-regarded professional agent, Michael Pavone has established himself as a prominent figure in the luxury real estate industry in Edmonton. With over 16 years of experience and a proven track record, he is recognized as one of the top-tier REALTORS in the area. When it comes to your real estate venture, trust in the expertise of Michael Pavone, a trusted luxury advisor, and witness the remarkable impact he can make. Utilizing his extensive knowledge in marketing, communication, and negotiation, Michael consistently achieves outstanding outcomes for his clients. Reach out to Michael today to experience the unparalleled difference he can bring to your real estate journey.

Monthly Sales – Single Family Homes = 5 properties sold

Active Listings – Single Family Homes = 45 properties available

Average Sale Price - Single Family Homes = $722,980

Average Days on Market - Single Family Homes = 33 days

A highly skilled and well-regarded professional agent, Michael Pavone has established himself as a prominent figure in the luxury real estate industry in Edmonton. With over 16 years of experience and a proven track record, he is recognized as one of the top-tier REALTORS in the area. When it comes to your real estate venture, trust in the expertise of Michael Pavone, a trusted luxury advisor, and witness the remarkable impact he can make. Utilizing his extensive knowledge in marketing, communication, and negotiation, Michael consistently achieves outstanding outcomes for his clients. Reach out to Michael today to experience the unparalleled difference he can bring to your real estate journey.

The residential real estate market in the Greater Edmonton Area (GEA) experienced a decline in unit sales. In June 2023, a total of 2,596 residential units were sold, representing a 2.1% decrease compared to June 2022 and a 4.6% decrease from May 2023. New residential listings also saw a decline, with a year-over-year drop of 14.8% from June 2022 and a decrease of 3.9% from May 2023. The overall inventory in the GEA decreased by 11.7% from June of the previous year but increased by 0.5% compared to the previous month.

Breaking down the unit sales by type, detached unit sales were down 5.1% from June 2022 and decreased by 6.0% from May 2023, totaling 1,594 units. Semi-detached unit sales experienced a year-over-year decline of 9.0% but increased by 4.3% from May 2023. Row/townhouse unit sales saw decreases both year-over-year and month-over-month, with drops of 6.9% and 17.3%, respectively. However, apartment condominium unit sales had significant increases of 26.0% from June 2022 and 6.8% from the previous month.

In terms of average prices, the total residential average price reached $412,334, reflecting a 3.1% decrease from June 2022 and a drop of 2.3% from May 2023. Detached homes averaged $500,496, indicating a 1.8% year-over-year drop and a 2.7% decrease from May 2023. Semi-detached homes sold for an average price of $382,883, showing a small 2.6% increase year-over-year and a 0.2% increase from the previous month. Row/townhouse prices increased by 0.7% from June 2022 and 1.7% month-over-month, with an average sale price of $257,812. The average price of apartment condominiums was $194,910, representing a 0.9% increase from last month but a 4.9% drop from June 2022.

The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $383,600, indicating a 1.3% increase from May 2023 but a decrease of 7.2% from June 2022.

The average time properties spent on the market varied by type. Detached homes averaged 40 days on the market, with no change from May 2023. Semi-detached homes averaged 34 days on the market, representing a decrease of three days from the previous month. Row/townhouses averaged 40 days on the market, a decrease of two days month-over-month. Apartment condominiums had an average of 55 days on the market, showing a one-day drop from May 2023. Overall, all residential listings averaged 41 days on the market, with an increase of nine days year-over-year but a one-day decrease from May 2023.

1. Mercedes-Benz: Mercedes-Benz is a German luxury car manufacturer renowned for its refined designs, cutting-edge technology, and prestigious reputation. The brand offers a wide range of vehicles, including sedans, SUVs, coupes, and convertibles, catering to various tastes and preferences.
2. BMW: BMW, also a German automaker, is celebrated for its sporty performance, elegant designs, and driver-focused experiences. The brand is known for its luxurious sedans, SUVs, and high-performance vehicles, combining power, style, and innovative features.
3. Audi: Audi, another German automobile manufacturer, is synonymous with luxury and sophistication. The brand is highly regarded for its attention to detail, exquisite interiors, and advanced technology. Audi vehicles are known for their comfortable rides, exceptional handling, and sleek aesthetics.
4. Jaguar: Jaguar is a British luxury car brand recognized for its iconic designs, powerful performance, and refined elegance. Jaguar vehicles exude a blend of classic styling and contemporary features, offering a luxurious driving experience with a touch of British heritage.
5. Lexus: Lexus is the luxury division of Toyota, known for its commitment to quality, comfort, and reliability. The brand is synonymous with refinement and offers a diverse lineup of sedans, SUVs, and hybrids. Lexus vehicles are appreciated for their smooth rides, plush interiors, and advanced safety features.