2012 Century 21 Award

I am happy to Announce that I was awarded a Century 21 Masters Diamond award for 2012.  Thank you to everyone for making my year such a success and I look forward to making 2013 another successful year...Life is good!!!!!

Solid Growth of Local Real Estate Market in 2012 reported by REALTORS

 

Edmonton, January 3, 2013:

 The local housing market in 2012 ended as it began, with robust sales, slowly increasing prices,
stability and an optimistic swagger. The average all-residential price in December was $333,140, up 1.5% from the previous month. The price in December 2011 was $316,020. Sales during December were 31.0% down from November and 16.8% down from last December. Note: for comparison purposes current month sales figures have been adjusted to account for late reported sales and terminations; actual reported numbers as of month end are in square brackets.

The average price for a single family detached property on the Edmonton Multiple Listing Service® in December was $391,427, up 2.5% month/month and 6.8% year/year. Condominium prices were up marginally (0.02%) from last month and sold on average for $225,143 in December. Duplex/row houses were priced at $297,753 on average (down 4.3% m/m). REALTORS® listed 1,026 [950] residential properties in December and sold 789 [731] properties. This resulted in a sales-to-listing ratio of 77% as compared to 73% in November. At month-end there were 4,354 residential properties in the inventory which is down 18.6% from a year ago. Sales were slower in December with average days-on-market up two to 66 days.

“Although sales and listing activity were slower this December than in previous years, prices continued their slow steady rise,” said President Doug Singleton. “Total sales for the year were up. The Finance Minister toyed with the mortgage qualification rules at the beginning of the year but otherwise this market operated in a smooth and stable manner. REALTORS® and their clients could trade in real estate with confidence and certainty.”

The price of an average single family detached home rose 6.8% during 2012 and the all-residential average price rose 5.4%. Sales were also higher in 2012 than the year previous with 18,020 residential sales and 20,393 total MLS® sales. Except for 2009 these were the highest sales numbers in five years. Listing activity, however, was lower than the previous three years. This dropped the available inventory of homes available on the local MLS® System to just 4,354 properties on December 31; the lowest level the inventory has been at since December 2009.

The highest average price for a single family detached home in the Edmonton area in 2012 was in June at $393,471 with the lowest price point being January at $364,106. The all-residential average price followed a similar pattern with the highest average price in May at $348,196 and the lowest point in January at $318,906. Condo prices peaked in May at $248,846 after rising from the January low point at $216,622.

The growth of the Edmonton market is also reflected in the increased number of higher priced properties sold. There were 403 residential properties sold for over $700,000 in 2012, including 89 priced at one million or more. In 2008, just 1.63% of homes were in the $700,000 or above category. Last year 2.23% of the sold properties were at that level. The most expensive property sold in 2012 was valued at $2.72 million. Six owners in total picked up properties located in Crestwood, Magrath Heights, Windsor Park, Hodgson, Twin Brooks and Westridge each valued at $2 million or more.

REALTORS® Association 2013 Housing Forecast is bullish on Edmonton

  

Edmonton, January 9, 2013

The REALTORS® Association of Edmonton released their annual housing forecast today at a seminar at the Northlands Expo Centre attended by 700 REALTORS® and business people. President Darrell Cook forecast that the value of MLS® sales in 2013 will increase by about 3% for the year after sales of $7 billion in 2012. This is based on a three percent increase in the number of homes sold and increased prices. Cook expects that single family homes, duplexes and rowhouses will increase on average by 2% while the average price for condos will increase by one percent next year.

“We are positioned in the best economy in Canada and perhaps the world,” said Cook. “It is hard to make a restrained forecast when we have job growth, in-migration, low vacancy rates and continuing low interest rates.”

His remarks echoed the predictions of five other speakers at the seminar including Premier Alison Redford who highlighted the value of the housing industry to the Alberta economy. Also presenting at the event were John Rose, Chief Economist for the City of Edmonton; Angus Watt from National Bank of Canada; Brad Ferguson, the President and CEO of Edmonton Economic Development Corporation; and David Lan, Senior Market Analyst from CMHC.

Cook forecast that the year-long average selling price for a single family home, sold through the Multiple Listing Service® in 2013 will increase from $382 thousand to $390 thousand. The average price for a condominium property will increase from $235,500 to $237,800. Although the inventory of available housing is low at this time of year, Cook suggested that increasing prices in the first six months will convince owners to begin listing their property and increased choice for buyers will result.

Cook suggested that, because of our solid economy, the strong interest in acreage properties will continue in 2013 and sales of recreational and vacant properties will also increase as the prices of properties in sun-belt destinations recover and local recreational properties become more comparable in price.

Commercial and industrial sales through the MLS® were up 25% in 2012 and REALTORS® expect the trend to continue next year with an increase in total value from $310 million to $320 million. There will be demand for small office/warehouse lease properties as our strong economy spawns new and expanding businesses.

The role of the REALTOR® has been much discussed in the past two years. Cook urged the members of the REALTORS® Association of Edmonton to focus on client service, education and satisfaction and to continue to demonstrate the value that the REALTOR® has brought to the community and the real estate transaction for the past 85 years.

Price Reduced $390000 5 Cote Close

5 Cote Close, Beaumont

Price Reduced below Appraised Value $390,000

SELLER NEEDS IT SOLD!!!

 

• 2003 BUILT HOME
• 1555 SQ FEET
• FULLY FINISHED BASEMENT
• 4 BEDROOMS, 3.5 BATHS
• OVERSIZED DOUBLE ATTACHED GARAGE
• MANY MORE UPGRADES!!!

MLS # E3320178

 

CALL CATHY CURRIE @ (780) 232-2178 FOR A PRIVATE SHOWING.

 

 

 

Open House 5 Cote Close Beaumont

Open House!!!

Sunday November 18th, 2012

1 - 4 P.M

5 Cote Close

Beaumont.

 

 

 

 

 

EREB press release November 2nd, 2012

Nothing Scary in Halloween Housing Market

 

Edmonton, November 2, 2012: Even with ghosts, ghouls, and goblins running through the streets, homeowners could find refuge in the local housing market. The REALTORS® Association of Edmonton reports that housing prices in October were up compared to a year ago and are the highest in October in the past five years. The all residential average price for the Edmonton Multiple Listing Service® was up 0.6% at $324,924 when compared to October 2011. The average price of a single family detached home was $372,061 up 2.1% over a year ago. Condos were priced on average at $234,177 which was an uptick of 1.8% from a month ago and up 5.4% from last October. Duplex/row house prices were down 1.1% Y/Y at $305,777.

“Homesellers are pleased that their property may be worth more than it has been in the past five years but homebuyers can plan their financing in an environment of small, steady price increases,” said REALTORS® Association of Edmonton President Doug Singleton. “The housing market is be-deviled in other centres but here in Edmonton both buyers and sellers find it heavenly. The pace of sales is steady, prices increase year-over-year, there is sufficient inventory and average days-on-market is reasonable.”

REALTORS® listed an average of 72 homes each day in October and sold an average of 44 per day. There were a total of 2,228 residential listings in October, with sales of 1,375 properties. As a result of lower listings and larger sales volumes, the month end residential inventory was down (-7.9%) from last month with 6,406 properties available. Days-on-market was an average of 61 and the sales to listing ratio was 62%. There was $447 million worth of residential property, $53 million of rural and $23 million of commercial property sold through the Edmonton MLS® in October.

“Life happens to us all,” said Singleton. “Unless you are an investor, the best time to buy or sell your home is when your lifestyle changes. No matter what your personal circumstances, your REALTOR® is here when life happens.”

Beaumont Beauty - Move in for Christmas

Honey stop the Car!!! This beautifully kept 2003 built home with the original owners is spotless. The soaring ceilings in the front entrance greet you as you enter this home. The main floor boasts all new rich dark laminate flooring, open dining area, kitchen with a corner pantry, 2 pce main floor bathroom, and the laundry area just off the kitchen. Walk to the professionally fully finished basement the rich dark laminate from the main floor follows you down there and here you will find a family room, 3 pce bathroom, 4th bedroom, and loads of storage. This basement is beautifully done!! Head up the the upper floor where you will find a massive master suite with a bay window over looking the front of the home, a large walk in closet and a 4 pce ensuite. The other 2 bedrooms are generous size and over look the cozy backyard. Other features include 8x10 garden shed, 24x22 oversized front attached garage, 12x16 Maintenance free deck, 21 pt alarm system with key fobs & a fire pit. Welcome Home!!!