Monday, July 21, 2014

16105 - 128 A Street - New Listing..$425,000

These original homeowners are finally ready to move on. Fabulous family home in an established neighborhood with an open floor plan - great for entertaining!!! This home is a perfect family home with spacious sunken foyer, double front attached garage, cozy main floor family room with fireplace and TV niche, kitchen island with eating bar, ample counter space, sunken area from the garage has laundry area with a 2 piece main floor bath and access to the finished basement, upper level family room, master suite with 4 pce ensuite and huge walk in closet, 2 more bedrooms, 4 pce main upper bathroom, basement complete with a family room, more storage than you will ever need and a  4th bedroom.  Large outdoor living space boasts a fire pit, garden shed a huge deck and trees. Easy access to Anthony Henday drive, minutes from Albany shopping center. This home is sure to be a treasure once you add your personal touch. Welcome Home.

July 2014 Edmonton Real Estate Board Press Release

Mid-year housing sales up 9.8% over last year

Edmonton, July 3, 2014: Sales of all types of residential property in the Edmonton Census Metropolitan Area (CMA) were up almost ten percent as compared to the same mid-year point in 2013. According to the REALTORS® Association of Edmonton there were 11,595 residential properties sold this year through the local Multiple Listing Service® (MLS®) compared to 10,556 sold by June 30, 2013. Prices also rose year-over-year; the value of sold property increased 15.3% from $3.6 billion to $4.2 billion.

In June, the average price of a single-family detached (SFD) property in the CMA dipped 0.7% to $435,534 month-to-month. The all-residential average price was $371,839; down 0.2% from May.  Throughout the CMA, the average price for a condominium rose 0.6% from May to $254,182.

“The average price has been fairly stable this year with relatively small market fluctuations from month-to-month,” said REALTORS® Association President Greg Steele. “When compared to last year at the same time however, average prices are up and we have established new peak prices for single-family detached homes for the past five months.”

In June, the average price for a SFD home was $435,534, which is down marginally from the new historic peak set in May of $438,506. Condominium average prices were up 0.6% from May at $254,182 but did not hit the June 2013 peak of $258,383. Duplex/row house prices dipped 1.7% from May at $343,198 and the all-residential average price was down 0.2% to $371,839.

Overall, YTD residential listing activity was up 6.9% compared to last year at this time, with sales up 9.8%. The increased sales put downward pressure on the inventory, resulting in a month end inventory of 5,704 available homes (4.7 months of available inventory at current sales levels).

“The new higher pricing plateau that we have seen this year has motivated more homeowners to put their home on the market resulting in increased choice for home buyers,” said Steele. “But properties move quickly in this market and buyers must work closely with their REALTOR® to catch the ideal property when it comes into the market.”

The average days-on-market was just 41 days in June and the YTD average of 45 days, compared to 47 last June. The sales-to-listing ratio was 66%: slower than the 72% last June.

REALTORS® represent buyers and sellers of residential, commercial and industrial property throughout the greater Edmonton region and from Cold Lake to Drayton Valley, from Westlock to Wetaskiwin. There are just over 3,200 REALTOR® members of the association serving over 40,000 clients a year.

Friday, May 23, 2014

May 2014 Edmonton Real Estate Board Press Release.

North Central remains busiest sales region of Edmonton

Edmonton, May 2, 2014: According to the REALTORS® Association of Edmonton the average price of a single family home (SFD) in the Edmonton Census Metropolitan Area (CMA)1 in April has dropped slightly from the high in March, even with the sale of 13 homes over a million dollars.

In April, the average SFD price was down more than $5,000 to $427,685; a decrease of 1.5% from March but up 5.9% from the same month a year ago. The all-residential average price was $365,045; up 0.4% from March and up 4.5% from a year ago. The higher SFD prices this year have put pressure on affordability and increased demand at the lower price end of the market. The average price for a condominium rose 1.1% from March to $251,300 (up 2.8% Y/Y).

There were 1,983 adjusted all-residential sales (1,836 reported) in April 2014 compared to 1,689 sales in March. Listings also rose in all categories to fill the demand which is common for this time of year. There were 2,977 residential properties listed in April compared to 2,548 last month; an increase of 16.8%. The overall sales-to-listing ratio in April was 62% compared to 60% last year and average days-on-market was 42. End-of-month residential inventory was 4,910, up 11.3% from March.

“The Edmonton CMA is experiencing the highest job and population growth in Canada and that should continue for the foreseeable future,” said President Greg Steele. “Edmonton is a diverse city and housing options exist in all price ranges but competition at the lower-priced end of the market is increasing. Entry level buyers may have to be a little more patient or scale back their expectations to find the home they can afford.”

The most active region of Edmonton is North Central north of Yellowhead Trail between 66 Street and 142 Street where there were 167 sales in April;  an increase of 0.6% over March and 23.7% over last year. Fully 20% of all SFD sales were in North Central in April. Areas in the Southeast, Southwest, and South of the Anthony Henday each had sales of about 140 SFD properties in April. The only region of the city to see a decrease in the number of sales year-over-year was the Southeast (Millwoods).

The highest priced homes were located, as usual, in the Southwest region but they saw an 8.7% drop in April compared to March. Homes in the West and Anthony Henday regions also saw price drops month-over-month. Homes in the North, Central, and Southeast were all sold on average below the city–wide average while homes in the West and southern regions (except Southeast) were priced $50,000 or more above average. (Next month we will feature outlying communities.) 

“New housing is being built all around Edmonton but the biggest region of new home construction is south of the Anthony Henday,” said President Greg Steele. “Because this housing is often sold directly by the builders and not listed on the MLS® System, our figures do not include many of these sales. Buyers should ask their REALTOR® to show them new home options in these areas as well.”

Thursday, March 27, 2014

Adorable Downtown Condo ONLY $124,900

This adorable 1 bedroom condo that is perfectly located downtown. This 635 sq ft condo has everything you need including in suite laundry, a large covered private patio that can be accessed by the living room or the Master bedroom,painted in warm modern colors, newer berber carpeting, a brand new vanity has been installed the the bathroom, a brand new stainless steel dishwasher, Ceramic tile in the entrance, laundry/storage area compete with stacker washer and dryer, kitchen and bathroom, a pass through from the kitchen to the livingroom make entertaining easy,a parking stall and plenty of street parking for your visitors. This one bedroom condo is perfect for the first time buyer, investor or Student.

Beautiful in Beaumont with a New List price $449,900

The Telquivst built by Sterling Homes boasts 2091 Sq feet of living space. This home has it all huge entry with ceramic tile and built in Bench, Main floor laundry room with front load washer and dryer, Mudroom with 2 closets and access to the walk though pantry, rich dark hardwood floors thought out the main floor, main floor family room with Gas fireplace with mantle, oversized 24x22 garage, top of the line stainless steel kitchen appliances, Rich tile back splash to compliment the dark wood cabinetry, Open staircase to the unfinished basement, over sized Upper floor bonus room with plenty of windows,4 piece main upper floor bathroom, 2 generous bedrooms each with double door bifold closets,huge master suite with 2 walk in closets, built in window seat that over looks the front of this home, a 5 pce ensuite that will amaze you with corner jetted tub, his and hers sinks, seperate glass shower stall, private toilet area, fully done in ceramic tile...Original owners and pride of ownership shows!!!

Morinville Bungalow for Sale...$284,500


Blood, Sweat and tears is what these sellers have put into this home. This nearly 1000 sq ft bungalow located in the heart of Morinville has all the work done just move in. New Fence, New Landscaping/trees, Deck rebuilt, New windows, HWT 3 yrs old, Upgraded Electrical, Furnace 2008, Hardwood flooring throughout, New garden shed, Upgraded bathroom with maple vanity, granite countertop and ceramic tile, Oversized double fully finished garage with 3 season room attached with full view of the back yard, RV or toy parking on the gravel pad in the back with gate access, Fire pit, Masterbedroom with Wall to wall, floor to ceiling white cabinets with obscure glass, Living room with corner gas fireplace with oak mantle for your large flat screen TV, bright eat in kitchen with new appliances and flooring, Fresh paint, Close to schools & Shopping..This home is move in ready and has been impecably cared for by the owners..pride of ownership is obvious!! Welcome Home!!!