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Edmonton, March 2, 2010: Prices for residential property sold through the Edmonton Multiple Listing Service® changed marginally through February. Sales activity, however, was up dramatically when compared to last month or the same month last year.
The average* single family dwelling price was $369,573 for February up just 1.4% from January; 5.6% from a year ago. Condominium prices dipped 3.8% in the month from $240,686 to $231,530. Duplex and rowhouse prices were up 3.3% to $315,390.
“While prices remained stable through February the increase in sales activity indicates that there is a demand for housing in the Edmonton area,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “Listings also increased in February leading to a bigger month end inventory of homes and relaxing concerns that inventory may be too low to handle the spring buying season.”
In February, housing sales were up 33.9% compared to January with 1,184 residential sales. Total residential sales were also up 7.6% from last February. There were 2,505 residential listings added during the month resulting in a 47% sales-to-listing ratio and a month-end inventory of 5,449 homes. The average days-on-market was down 10 to just 47 days. Total sales through the Edmonton MLS® System (including residential, commercial and rural properties) in February were valued at $416 million (up 10.5% from last year).
“The upcoming changes to mortgage qualification rules and impending mortgage rate increases may prompt some buyers to enter the market earlier and cause some additional slowdown in the third quarter,” said Westergard. “As usual, REALTORS® will be challenged to be a voice of reason in the real estate transaction and work to meet the needs of their eager clients without putting their financial health at risk.”
A new and improved MLS® System statistics package is available to consumers at ereb.com with year-to-year comparisons and expanded reporting of the condominium market and new sub-market reports. The public will also find median prices in addition to the typical average price statistics.
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Brenda Dubilowski has just signed on with Sterling Real Estate working out of Edmonton, AB! Working in Residential Homes as well as Rural properties still being her favourite!!!! Brenda specializes in the Parkland and Lac. St. Anne Areas west of Edmonton, but has the time seeing she's just joined again to help assist you in all surrounding areas of Edmonton. Having a fresh clientelle; this enables Brenda to give her clients even more undivided attention to her clients.
To start with; what's better than an update on our markets!?
December Results Create Positive Year-end
Edmonton, January 5, 2010: Residential sales through the Edmonton Multiple Listing Service® were at the second highest level ever for December (after a record number of sales in 2006 of 1,074). Sales of single family homes, condominiums, duplexes and other residential property totalled 948 units for the month. Total sales of all types of real estate for December was 1,066, also a second place finish for monthly sales.
The price of residential property remained stable in December with single family homes dropping just one third of a percent and condos increasing 5.4% to reverse the 2.5% drop in November. An average* priced single family property in the Edmonton area sold for $366,761 in December; down from $368,018 in November. The average price for a condo was $244,174; up from $231,684 the previous month. The all-residential average price at the end of December was $319,201.
“Strong year-end sales put a crown on a year that started slow but ended big,” said Charlie Ponde, president of the REALTORS® Association of Edmonton. “We entered 2009 with a global recession at our backs and a real estate meltdown to the south. However consumer confidence in Alberta started to return in the second quarter and the real estate market in Edmonton was the first place in the country to show signs of the recovery.”
There were 19,139 residential sales in 2009 with record setting sales in June and July after the slowest start since 1996. From September to December residential sales were just below record sales set in 2006.
Throughout the year the average single family sale prices varied from a low of $347,000 in February to $373,000 in July; a $26,000 or 7.5% spread. The average year-to-date value was $364,032. Condo prices varied within a 9% range from $227,000 in February to $247,000 in June. The average year-to-date price was $240,322.
There were 1,118 homes listed in December resulting in a sales-to-listing ratio of 85%. The average days-on-market was 50 days and total residential sales were valued at $302 million for the month. Overall, the MLS® System had total sales of all types of property of just under $7 billion in 2009 as compared to $6.6 billion in 2008.
“We predicted residential sales of 15,550 this year and exceeded it in early October,” said Ponde. “We anticipated that single family prices would end the year at $352,000 and condos would be at $222,500. We are pleased that the year ended up better than we had anticipated and look forward to the stable market continuing into the next decade.”
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In my opinion personally and as a Realtor, I think there is not enough knowledge out there of the huge benefits a Mortgage Broker can do for you. Think of it this way.....would you want to take the chance of going to only one bank, opening up your credit bureau(points being docked each time) and HOPE you get the best rate....OR would you rather have your Broker take your financial situation and credit bureau report, putting a package together and presenting it the BEST POSSIBLE way to ALL the banks and financial institutions negotiating for the very best rate for you. Mortgage Brokers can go to the SAME bank YOU go to, but they go through the back door....and possibly still get a better rate than versus if you go yourself.
Visit my website and learn all about these important areas of shopping around and buying your home. You'll find out crucial information including on how to repair your credit scores yourself by becoming a member of these credit bureaus, Equifax and Transunion and find out secrets you didn't know!
Edmonton and Area Realtor specializing in acreage properties. Visit my website to stay informed on the housing market and results I will post after I attend the Housing Forecast Seminar for 2009 in January. Buying a home is more affordable than ever now. With the downturn in our economy, you can now finally take advantage of numerous investment opportunities!
Real Estate is one investment in our economy you can't go wrong with.
And a Realtor and Mortgage Broker are of no cost to you while your very best interests are being protected....its a no brainer.
To learn more about one of my top Mortgage Specialists,
With Sandy, you can have your entire mortgage prepared without even leaving the comfort of your own home.
Brenda Dubilowski
Re/Max Excellence
780-908-5800
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Bridgewater Properties, Parkland County - Announcing a rent/lease reduction on 112-53303 RR 20, a 1,600 sq. ft., 3 bath, 3 bdrm bungalow "Vaulted Ceilings". Now $500 CAD Monthly - Shared Occupancy.
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To ring in the New Year, I will be on the move. I will be with a different company, but same name and same great service.
Also, stay tuned for the latest from our 2009 Housing Forescast following January 9, 2009. I will give you the details you need to know for opportunities that will be had.
Featured Speakers will include:
Edmonton's Strength
Aroon Sequeira, Managing Partner
Ernst and Young
Edmonton Business and Commercial Climate
Ron Gilbertson, President and CEO
Edmonton Economic Development Corporation
New Home Trends
Pat Adams, President
Canadian Home Builders' Association-Edmonton
Economic & Financial Trends
Ian Glassford, Chief Economist
Servus Credit Union Limited
Edmonton Housing Analysis
Richard Goatcher, Senior Market Analyst
Canada Mortage and Housing Corporation
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Cheyenne Estates, Stony Plain - Announcing a price reduction on #4 Cheyenne Estates, a 1,519 sq. ft., 2 bath, 3 bdrm manufactured home. Now 
MLS® $274,700 CAD - .
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MLS® housing sales and prices remain stable in April
Edmonton, May 5, 2008: The REALTORS® Association of Edmonton reported that the average price for single family homes dropped less than half a percent after three months of small increases. April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005.
“The Edmonton housing market is stable and buyers and sellers seem to be coming to a realistic view of housing prices,” said Marc Perras, president of the REALTORS® Association of Edmonton. “In this market, with a very high inventory, pricing is a key component of a successful sale.” While the typical sale is completed at 97% of the asking price many sellers have had to reduce their price to find the level that would attract a buyer.
Single family dwellings sold on average* for $386,033 in April just 0.4% down from the previous month. SFD prices are still 6.6% lower than April 2007. Condos sold on average for $256,947, a decrease of 2.3% from last month. On the other hand, duplexes and rowhouses sold during April were priced 2.3% higher at $316,065 on average. Overall, the average price for all types of residential property was down 2% at $336,931 when compared to March and down just 2.1% from a year ago.
There are 10,606 residential properties currently available on the MLS® (up 12% from last month’s record inventory). The average days on market was just 52 days; up one from March. There were 4,471 residential listings during the month and the sales to listing ratio is a low 41%. Total residential sales were $1.99 billion and total MLS® sales were $2.3 billion.
“It is hard to draw comparisons to last year,” said Perras. “Prices were still going up at this time last year and inventories were about one quarter what they are now. It’s a much different market in 2008.” He encouraged all buyers and sellers to consult with their REALTORS® for the best advice on current market trends and conditions.
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Stony Plain, Edmonton Area - Announcing a price reduction on 335-53319 RR 31, a 1,100 sq. ft., 1 bath, 3 bdrm manufactured home. Now MLS® $299,900 CAD - .
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• 1,517 sq. ft., 3 bath, 4 bdrm bi-level - MLS® $574,900 CAD
Northridge Meadows, Parkland County - Newer 1517 bi-level on 3.26 acres with a walk-out baseent located a few minutes north of Stony Plain in a pristine setting with trees and a slightly rolling manicured lot. Many features in this home including 2 fireplaces, 10' ceilings, a large kitchen, walk-out basement, large deck and ceramic and hardwood throughout! What more can you ask for, 5 minutes to Stony Plain and Spruce Grove, 25 minutes to Edmonton!
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• 1,080 sq. ft., 2 bath, 2 bdrm bungalow - MLS® $349,900 CAD - A Hint of Luxury Living
Brookwood, Spruce Grove - This beautifully renovated 1080 sqft bungalow offers over $50,000 worth of upgrades and features that can be found throughout this home. There is a new mid efficiency furnace, a new air filtration system, fresh paint, new kitchen cabinetry and counter tops, new flooring including hardwood, and upgraded vinyl, there is a new natural gas fireplace with a beautiful stone surround, and the main bathroom is a must see featuring a Jacuzzi tub and a jetted shower, this bathroom you would only see in a Luxury Home! The owners have taken the wall down that formed 2 bedrooms upstairs to make this Master bedroom a very spacious and trendy 11'9" x 17'7" Masterbedroom! This NOW modern kitchen offers brand new upgraded hardwood inspired vinyl flooring, an abundance of new white cabinetry including an excellent pantry cabinet, there is an oversized stainless steel sink overlooking a new Bay window into the backyard, a ceramic tile backsplash, new counter tops, a flat Counter-top Stove, double built-in ovens! Must-see! This quaint Bunglaow at a great price lets you experience a hint of Luxury.
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Belvedere, Edmonton - Announcing a price reduction on 6311 132a ave, a 1,094 sq. ft., 3 bath, 5 bdrm bungalow. Now MLS® $339,900 CAD - .
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Callingwood, Edmonton - We invite everyone to visit our open house at 407-17011-67th Ave on May 10 from 2:00 PM to 4:00 PM.
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Callingwood, Edmonton - We invite everyone to visit our open house at 237, Callingwood TWO on May 11 from 2:00 PM to 4:00 PM.
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Belvedere, Edmonton - We invite everyone to visit our open house at 6311 132a ave on May 10 from 2:00 PM to 4:00 PM.
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• 1,519 sq. ft., 2 bath, 3 bdrm manufactured home - MLS® $299,900 CAD
Cheyenne Estates, Stony Plain - New 1,560 sqft 3 bedroom with full ensuite of Master bedroom on just over 3 acres 20 minutes west of Stony Plain! Huge kitchen with island featuring a sky-light, dining area and walk-in pantry. The Livingroom has vaulted ceilings with lots of natural lighting. The Master Bedroom has a huge 4-piece Ensuite with a jetted Jacuzzi tub and also a walk-in closet! Your kids can have their own bathroom which is adjacent to both bedrooms on the other side of the home. This home in NOT without a garage! This Double Detached garage is insulated measuring 24'X 28' with a metal roof! This yard features a natural setting with a fire pit and storage shed. Have a dog? This home is set up for that, too with a dog run! This home is only minutes to Alberta Beach which is a very interactive community with year round activities for the public to enjoy including winter carnivals. If you are an avid snowmobiler or even just for fun you don't to miss out! Never ending trails to take the family out quadding and snowmobiling. This home has a 10 year warranty remaining on it!
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