Strong start to 2017 - February 2, 2017 New Release.

Strong start to the new year, January unit sales increase 19%

Edmonton, February 2, 2017:

Reported unit sales for all residential listings in the Edmonton Census Metropolitan Area (CMA) were strong in January, increasing 19.4% compared to the same month in 2016. Reported unit sales were also up relative to December 2016, increasing by 3%.
Unit prices were consistently stable with only modest decreases across each category. Compared to January 2016, condominium prices increased 8.7% and duplex/rowhouses increased 8%. Both categories decreased only slightly relative to December 2016, with condominiums down 0.37% and duplex/rowhouses down 0.46%. The average price of a single family home remained stable at $416,859, which is down 0.49% relative to January 2016, and down 0.97% compared to December 2016.

“2017 has started strong, with an increase in year over year unit sales and prices remaining stable,” said James Mabey, REALTORS® Association of Edmonton Chair. “While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”
The average days on market for all residential listings increased, which is typical for the winter season. Single family homes average days on market was 68, compared to 62 days on market in the previous month. Condominium average days on market increased to 82 relative to 80 days in December 2016. Duplex/rowhouses continue to be popular, with the average days on market decreasing to 68 days, which is 10 days faster than in December 2016.


All residential inventory decreased 2.7% compared to January 2016, and increased by 7.4% relative to December 2016. While the overall listings for January more than doubled compared to December 2016, from 1,067 to 2,185, they decreased year-over-year by 7.6% when compared to January 2016.
“REALTORS® always look forward to fresh inventory in the spring. Inventory was a big story in 2016, so it is positive to see more seasonally-appropriate inventory for 2017,” said Mabey.

Average residential prices post modest gain of 1% over August of last year

 

 

Edmonton, September 2, 2015:

The average residential price in August for the Edmonton Census Metropolitan Area (CMA) is up 1% year-over-year (YoY) and down slightly by 0.2% relative to last month. A single family home in the Edmonton Census Metropolitan Area (CMA) sold for an average of $439,829; up 0.7% from July and up 1.0% YoY. The average for all residential properties sat at $372,256; down 0.2% from July and up 1.0% over last August. 

“Edmonton continues to experience a relatively stable market with respect to year-over-year prices.  A slower pace of sales, combined with growing inventories, are creating favourable conditions for entering the Edmonton market,” explains Geneva Tetreault, Chair of the REALTORS® Association of Edmonton. “We have a great selection of inventory this year, a luxury we did not have last year. Sellers may have to wait a little longer to sell their houses but they should still being getting a good price for their house. Buyers can take more time to select their home and have more choice than they would have last year.”

“While there is no doubt that oil prices and the resulting economic slowdown have impacted the housing market, Edmonton has been able to weather these changes better than other Alberta markets.” Tetreault continues, “New developments and projects both in the city and outlying areas have kept the housing market moving.”

Sales continue to lag behind last year in all areas except duplex/rowhouse. An increase in availability of duplex/rowhouse options has helped this category grow over last year in sales (up 1.7%) and price (up 1.53%). Condos continue to be the hardest hit, with sales down 7.7% and average prices down 2.8% from last year.

Sales of all residential properties reported last month are down 5.6% from those reported in August of 2014. Single family home sales of 884 were down 4.3% YoY compared to 1,111 reported last month. Inventory remains strong at 7,227 for the Edmonton CMA at the end of August 2015, up 35% from last August. All residential listings were up YoY by 26.9% but down by 6.3% from last month. There is currently just under five months’ supply of inventory in the Edmonton CMA.

Average days on market for all residential properties was up again this month at 54. Single family average days on market was up to 52 from 48 in July. Condominiums were averaging 56 days compared to 54 in July, and duplex/rowhouses took an average of 52 days to sell in August

Fall Lawn Care Tips

Fall Lawn Care Tips

Fertilizing  is essential during these months. Fertilization of your lawn can provide an additional nutrient boost to be stored and used during the dormancy period. Throughout the winter, roots will keep growing and utilize these stored nutrients until the spring.

Seeding increases turf density. It improves the overall appearance and health of your yard.

Power seeding in fall can also help the yard recover from the heavy use from the summer and has an effect on the way the lawn will look during the upcoming spring. The best natural defense against insect and weed damage is a dense lawn.

Fall is also a good time to aerate your lawn. Lawn Aeration fights grass compaction from summer traffic and promotes uptake of oxygen and nutrients.

If you see your lawn beginning to thin, you could also reseed the grass.

When leaves start falling, blow or rake the yard clean once per week at minimum. Making sure your yard is free of leaves not only improves appearance, but influences the health of your yard. Leaves block out sunlight, which your lawn needs in the fall as it stores up food for winter dormancy.

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Listing 15704-130 Street...Fully Finished Bungalow!!!

Check out this fully Finished Bungalow...15704-130 Street, Edmonton

Coming Soon!!!!

Listings Coming Soon!!!

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Edmonton Real Estate Board News Release April 2015.

Edmonton, April 2, 2015: Despite a decline in all residential sales over those reported in March of 2014, last month saw continued growth of residential prices for the Edmonton Census Metropolitan Area CMA of 3%. The average sales price of a single family home was $438,880 - up 1.5% y/y; condo was $249,841 - up 1.2% y/y; and duplex/rowhouse was $354,022 - up 6.9% y/y.

Sales are down in all categories except duplex/rowhouse which are up over 6%. Single family sales were 876 down 4.5% over last March (917 reported). 416 condos sold last month compared to 474 in March 2014. All residential sales for March were reported as 1,453, down 6.5% from 1,554 reported last year.

“The fact that our prices did not have the dramatic increases seen over the past few years in other cities like Calgary, Toronto and Vancouver means we have not experienced the same overvaluation.” REALTORS® Association of Edmonton President Geneva Tetreault explains, “That is why our prices are not taking the same hit even though our inventory is way up and sales are slightly down. A more accurate valuation should keep our average prices more stable.”

March 2014 had 14 million-dollar plus sales (30 YTD), March 2015 had 8 million dollar plus sales (19 YTD). “Last year we saw a dramatic increase in sales of homes priced over a million. Even though the number of those high price sales are down this year, our average price is up. That is a good sign that we are not seeing our average prices inflated,” says Tetreault. “The big story continues to be the increase in inventory. We ended 2014 with a fairly low inventory. The influx of new listings means that buyers now have the opportunity to be a little more choosey. Having a REALTOR® help you navigate the market is always a wise decision, particularly in a complex market like ours.” Residential listings are up over 31% from last March with 3,152 new listings coming on to the MLS® System in the Edmonton CMA. That left us with an ample inventory of 5,944 properties for sale.

Rural areas seem to be seeing the same trends with total rural sales down 8% from 156 reported in March 2014 to 143 reported this year. Rural listings are also up, but only by 12%, a much smaller margin than the Edmonton CMA. Over 699 million dollars in residential sales through the REALTORS® Association of Edmonton occurred in March 2015.

Bonnie Doon- This beauty is coming back on the market soon.

Bonnie Doon - This beauty is coming back on the market.

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86 Heatherglen Cr - Spruce Grove Listing

January 7th, 2015 - Stable Market for 2015

REALTORS® forecast stable market for 2015

Edmonton, January 7, 2015: 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 Geneva Tetreault forecast that sales of single family homes in the Edmonton Census Metropolitan Area will remain at the same level as 2014 around 11,500 sales.

Last year exceeded modest expectations with a growth of 11% in all residential sales. Tetreault expects another big year for sales of single family homes in Edmonton but little growth. “The cool down of employment growth and uncertainty of oil prices, may leave buyers more cautious in 2015. This is likely to be offset by the potential increase in mortgage rates in late 2015. Buyers will want to take advantage of the record low rates for the first half of the year,” explains Tetreault.

The number of sales of condo, duplex and rowhouse sales will increase by a modest 2.5% throughout the region as these properties offer affordability to new home owners and income potential for investors in a tight rental market.

Prices, as usual, will fluctuate through the year but the 12-month average price for a single family detached property is anticipated to increase about 3.5%. Condominium property average prices are projected to increase at a lower rate of about 2.5% over the year due to an influx of new condominiums hitting the market.

Tetreault’s forecast was supported by five other speakers at the seminar including Todd Hirsch, Chief Economist, ATB Financial; Nolan Crouse, Chair, Capital Region; Jason Sutton, President, Canadian Home Builders Association Edmonton; Christina Butchart, Senior Marketing Analyst, Canadian Mortgage and Housing Corporation; and Simon O’Byrne, VP, Stantec.

There are 3,200 REALTORS® operating in the greater Edmonton area which extends as far as Cold Lake, Wetaskiwin, Drayton Valley, Vegreville and Westlock.

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.

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.”

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.

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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!!!