Edmonton Real Estate Blog

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.

For more information on this property view our featured homes for sale at www.EdmontonHomesForSale.biz

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

The New Year has started strong for the Edmonton real estate market. On a regular basis I am seeing realtors promoting the sale of their new listings within days or even hours. So is this the beginning of another real estate boom in Edmonton? Everyone is commenting on the shortage of inventory. That is always a sign of things to come.

This morning I looked at how many single family homes were for sale in Edmonton proper. The number of homes at 1,776 is significantly lower than what we would normally see, which supports the claim that there is a shortage of inventory.

The other important fact is the number of sales that have occurred in the last 30 days. In Edmonton proper there were 549 single family homes sold. That in itself is a fairly normal number of homes sold for this time of year.

What makes these numbers important is the ratio that they generate for us. We know that in Edmonton to a stable or neutral market we need a listings to sales ratio of 4:1. Meaning there are 4 homes listed for every sale that occurs in the previous 30 days.

With the current market condition with 1,776 listings and 549 sales that would give us a listings to sales ratio of 3.23:1 far below the 4:1 that we need for a balance market. This indicates that we are going to have upward pressure on Edmonton real estate values in the incoming days.

So do expect house prices to start to rise. If you are thinking about buying this year, you may want to move your time table up now before prices rise too much, and while we have low rates like 2.89% for a 5 year term.

Call us today if you have been thinking of buying or need to get pre-approved for a mortgage. 780-634-8151.

Today I received a certificate from Re/Max for 25 years of service with them. Later they will be giving me an engraved silver plate.

To view and search all mls listed homes sale in Edmonton visit www.EdmontonHomesForSale.biz

Your dream home awaits. This beautiful 3 bedroom, 2 storey home is just like the perfect show home, and must be seen to be appreciated. The main floor features gleaming oak hardwood floors, large eat-in island kitchen that has maple cabinets and walk-in pantry. The master bedroom upstairs has a large walk-in closet with direct access to the main bath. The home is tastefully decorated in modern colors. The back door leads to a large deck, a fully fenced large back yard, and a double detached garage. Come see this home and you will not be disappointed. Only 349,900  To view this home visit http://www.edmontonhomesforsale.biz/listing/edmonton/glastonbury/e3317845-653-glenwright-cr

To search all Edmonton Real Estate For Sale visit us at www.EdmontonHomesForSale.biz

To view and search all mls listed homes sale in Edmonton visit http://www.EdmontonHomesForSale.biz

Brand new foreclosure listing! This half-duplex home with attached garage is on a huge pie shaped lot. It has a completely finished basement. The master bedroom has a large walk-in closet & ensuite bath. Only $299,990. Call today before it is gone. Serge Bourgoin, Re/Max Elite 780-995-6520

To search all Edmonton Real Estate For Sale visit us at http://www.edmontonhomesforsale.biz

Stay cool this summer with this starter home with central air conditioning and
new high efficient furnace. Upgrade 3 bedroom, 2 storey home with covered deck
overlooking a huge pie shaped lot with large garden shed. Relax in a great
living room featuring hardwood floor, fireplace, and brick feature wall. The
oversized double garage is also insulated and drywalled. So if you have been
looking for a large garage and large lot you have found your home. Situated in a
quiet cul-de-sac close to schools, shopping, and all amenities. A must see to be
appreciated. For more information: http://www.edmontonhomesforsale.biz/listing/edmonton/minchau/e3312266-4716-37a-av

Search all Edmonton MLS listed homes by visiting www.edmontonhomesforsale.biz

To view and search all mls listed homes visit http://www.EdmontonHomesForSale.biz

Wow… professionally renovated over the last few years lauderdale bungalow with a huge yard. Features dark hardwood floors, open floor plan, modern decor. Upgrades include new windows, upgraded electrical, doors, trim, light fixtures, furnace, hot water tank, double jaccuzi corner tub, slate tile shower & accents. The bedrooms are large and spacious. The kitchen has been upgraded with maple cabinets and new counter tops. A very sunny and bright home, which has a large fenced yard with mature landscaping, and a double garage. Located close to schools, transportation, shopping, doggy walk park. This home must be seen to be appreciated. great starter home or condo alternative.

To search all Edmonton Real Estate For Sale visit us at http://www.edmontonhomesforsale.biz

Can you say positive cashflow!!!

Just listed a 2 unit home with a bedroom suite in the front, and a 2 bedroom suite in the back. Located in Allendale close to the University. Can rent for as much as $2,500/month. 4 level split home that could be converted back to a single home by putting back the doorway separating the front and back. Asking only $389,900 with a newer double garage.

If you are thinking of buying a home better buy now before prices go up even further.

The spring marketplace has been very strong in Edmonton. Currently there are 2,910 single family homes listed for sale in Edmontonproper*. That is a healthy inventory level for this time of the year.

However in the past 30 days there have been 863 single family homes sold in Edmonton proper. This is also a healthy number of sales for this period of time*.

With these listings and sales that would give us a listing to sales ration of 3.37:1, this is below the 4:1 that we need in Edmonton for a neutral market. This is an indicator that there is upward pressure on valuations  and I would anticipate house prices to be rising for the next period of time.

We also know that the 5 year mortgage rates are going up on Friday. Waiting to buy will cost you more money than you will be able to savefor additional down payment. Call me today to start your search for a new homeat 780-995-6520 or visit www.edmontonhomesforsale.biz to search all Edmonton and area MLS listed homes.

*based on listings and sales as of April 26, 2012