Absolutely stunning in Upper Windermere! This 2500 sq. ft. bungalow has been custom-built in an open design with 14 ft. ceilings, quality finishes & unique accents. A lighted central curved staircase separates the formal dining area with lighted glass pillars, from the great room with 3-sided stone fireplace & wall water feature. The spacious kitchen offers high grade stainless steel appliances; gas range/oven, granite counters including preparation island, custom cabinetry & walk-thru pantry to the laundry/mud room. The kitchen nook gives access to the covered deck with built-in stone, gas BBQ. Retreat to the master bedroom with spa-like ensuite & large walk-in closet. The spacious lower level is finished with games area, full bar w/unique walk-in wine room, theatre room, exercise area, 2 large bedrooms & full bath. Additional features include hand-scraped hardwood flooring, home technology system, central air, 3 car heated garage w/2 drains, power washer & air & professionally landscaped yard.
Edmonton, March 4, 2013: The REALTORS® Association of Edmonton reports that the housing market in the Edmonton CMA1 remains active. Residential listing activity was up 10% as compared to January and sales increased by 18.2%. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 4.3% in a month.
While the average price for a single family detached home broke through a psychological barrier at $400,973 in February ($399,832 in January), it was up just 0.3%. Condo prices showed stronger gains, rising 7.3% from January to $231,866. Duplex and rowhouse prices were also up month-over-month at $332,285 on average. The all-residential average price was $342,735 (up 2.9% from February 2012).
“REALTORS® were busier last month than in January both listing and selling more homes,” said President Darrell Cook. “As usual, sales activity will continue to increase as we move into spring. The inventory of available homes has increased and we expect hesitant sellers to come onto the market in the face of continuing strong prices.”
The pattern of sales in various price ranges has changed this year. “Confidence in the strength of our local economy and a shortage of attractive properties at the lower end of the price range are both moving consumers to consider higher priced properties,” said Cook. Sales of properties priced $425,000 to $550,000 have increased 19% so far this year, whereas sales of properties in the $200,000 to $375,000 range are down 9.6% compared to the first two months of 2012.
As of February 28, 2013, there were 4,183 residential properties listed in the MLS® System which reflects a 4.14 month supply at current sales levels. The days-on-market was 57 as compared to 53 last year. With an estimated 1,089 (1,008 reported) homes sold and 1,995 homes listed in February, the sales-to-listing ratio was 55%, up 4% from a year ago. Total Board sales for February were $470,309,954.
The figures above represent the sales in the Edmonton CMA1 as defined by Statistics Canada and includes the City of Edmonton and all municipalities in the four surrounding counties of Parkland, Sturgeon, Leduc, and Strathcona. Sales figures for February 2013 have been adjusted to anticipate sales during the month which will be reported after the data cut-off so as to compare more accurately with prior period figures.
REALTORS® in the Edmonton CMA and surrounding areas (including St. Paul and Cold Lake) contribute actual negotiated list and sale prices on a daily basis and are the most reliable source of pricing data in each local area and the entire market.
If you’ve wanted to live in an executive condo overlooking the river value now is your chance! This 2 bedroom, 2 bathroom unit has been completely redone with over 60K in upgrades including slate & hardwood floors, custom maple cabinets with quiet close, quartz counter tops & eating bar, stainless appliances, & renovated bathrooms. Both bedrooms are large with California closets. Enjoy dinner parties with your friends & family with an open concept kitchen & living room. Building features indoor salt water swimming pool, sauna, fitness area, & underground heated parking. There is great access thethe river valley trail system, Located close to shopping, bistros, & easy access to Whyte avenue. What more could you want. Condo fees include heat, water, & power. 1 TITLED UNDERGROUND PARKING with possibility of renting SECOND PARKING STALL.
Welcome to the Terraces of Griesbach built by Coventry Homes which is in like new condition. Almost 2,000 sq.ft. of developed living space with huge master bedroom equipped with large ensuite bath & walkin closet. The other 2 bedrooms share a Jack & Jill bathroom. The second floor also has a computer area. The kitchen has customized cabinets, granite counter top with eating bar. The main floor features upgraded gleaming hardwood & ceramic floors.This high efficient home has R-20 walls, R-40 attic insulation high efficient furnace, and tankless hot water system. The second floor bedroom features a balcony, and there is a deck off the back entrance. This home really must be seen to be appreciated. For more information visit us at: http://www.edmontonhomesforsale.biz/listing/edmonton/griesbach/e3326815-15-4321-veterans-wy
Upgraded 5 bedroom Daytona bi-level home only $434,900. close to Manning freeway, Anthony
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Well it is appearing that the Edmonton real estate market might be stabilizing. As of this morning there were 2,240 single family homes for sale in Edmonton proper. That is an increase of 113 homes over last week.
In the past 30 days there were 661 single family homes sold in Edmonton proper. That is an increase of 42 homes sold over what sold in the previous 30 day period. That will give us a listing to sales ratio of 3.39:1, which is slightly better than last week, but I would be cautious to think valuations are going to rise again. I think we are going to see more stabilization at this time unless we start seeing the ratio drop further in the coming weeks.
Please call me if you have any questions about this, or anything else related to Real Estate.
I would love to help you out. (780) 634-8151
Serge Bourgoin, Founding and Managing partner of Team Leading Edge at RE/MAX Elite
Team Leading Edge… Leading the way with extraordinary service
As I anticipated, the trend is continuing. The number of listings coming on the market is outpacing the number of sales. As of this morning there were 2,127 single family dwellings in Edmonton proper on the market an increase from last week’s inventory level of 2,003.
In the last 30 days we had 615 single family dwellings sold in Edmonton proper. That number is actually down from last week’s number of sales of 619.
This gives us listings to sales ratio of 3.46:1 up again from last week’s ratio of 3.24:1. So the pressure for valuations to rise is easing and could very well go the ratio of 4:1 very soon. If we break that we can start seeing valuations drop.
Please call me if you have any questions about this, or anything else related to Real Estate.
I would love to help you out. (780) 634-8151
Serge Bourgoin, Founding and Managing partner of Team Leading Edge at RE/MAX Elite
Team Leading Edge… Leading the way with extraordinary service
Beautiful 2 storey custom built Landmark Home with walkout basement with views of the lake and fountain. As you walk in to this brightly lit, spectacularly clean, home you immediately realize its wonderful layout. Enjoy having company over while you entertain them in the living room with gas fireplace, or if you’d wrather have movie nights with friends there is a large bonus room with vaulted ceilings overtop of the double attached garage. The big bright kitchen boasts lots of maple cabinetry and counter space, a large centre island, and an eating nook overlooking your maintenance free deck with view of the lake. Main floor laundry gives you that extra convenience you’ve been looking for. Upstairs you will find 3 generously sized bedrooms, full bathroom, as well as the large bonus room. The spacious master bedroom features a 4 piece ensuite, complete with soaker tub and seperate glass-pane shower stall. Great quiet location close to Whitemud & the Anthony Henday. Buyer to verify all info and measurements.
1931 sq.ft. 2 Storey
3 Bedrooms 2.5 Bathrooms
Price $474,900 MLS#: E3214908
For more pictures view at http://www.FindMyHouse.ca/
Call us at (780) 634-8151
Team Leading Edge… Leading the way with extraordinary service!
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.
Highlights of MLS® activity
February 2010 activity
Record for the month*
% change from
February 2009
Total MLS® System sales this month
1,312
10.30%
Value of total MLS® System sales – month
$417 million
10.50%
Value of total MLS® System sales – year
$750 million
14.10%
Residential¹ sales this month
1,184
7.60%
Residential average price
$316,765
2.00%
SFD² average selling price – month
$369,573
5.60%
SFD median³ selling price
$355,000
5.90%
Condo average selling price
$231,530
0.80%
¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices
* Average prices indicate market trends only. They do not reflect actual prices, which may vary.
Edmonton’s ever improving economy continues to bolster residential real estate activity in the city. The number of homes sold in Edmonton is up 21 per cent to 884 units, while average price has largely stabilized at $314,783. Balanced market conditions have, for the most part, re-emerged in 2010. Values, still off peak 2007 levels, have hit a plateau, as buyers take advantage of opportunities at all price points.
The oversupply of listings available for sale throughout 2008 and 2009 has largely been absorbed, with inventory returning to more normal levels. Active listings now hover at 4,864, a decrease of 26 per cent from one year ago. While new listings have fallen off, the supply of homes listed for sale is adequate in most price ranges and neighbourhoods. First-time homebuyers continue to represent the lion’s share of activity in the marketplace, driving sales of homes priced from $300,000 to $350,000. Multiple offers are starting to occur, but they are the exception, rather than the rule. Move-up buyers have ramped up activity as well, spurred by exceptionally low interest rates. Condominiums have been moving steadily in recent months, but supply still exceeds demand.
A strong spring market is forecast for 2010, supported by a serious upswing in consumer confidence levels. Recent announcements regarding major investments in the oil sands have tremendous potential for Edmonton’s economic future. The provincial government is also co-operating with the major players in the oil industry to create a positive business climate and is expected to return to surplus budgets within three years. While there may be some skeptics in the audience, it’s hard to ignore the city’s growing optimism.
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Rare Find in Edmonton! RV Parking, Heated Garage & Garden Paradise 
Open House Sat & Sun April 26 & 27th at 1 - 4 pm. Address: 8823 - 188 St. NW View video: https://youtu.be/BF9HKL3Vc-E View property details & pictures: https://www.edmonton-real-estate.com/property-search/detail/83/E4432183/8823-188-street-edmonton-ab-t5t-5z8/ Looking for a home that offers space, comfort, and great outdoor living? This beautiful family […]