Edmonton Real Estate Blog

The Edmonton real estate market had a tough time last week.

Here are the stats that you need to know:

New Listings: 328
Average List Price: $439,504.00
Average Sale Price: $427,059.00
Average Sale Price / Sq Ft: $291.00
Average Days on Market: 47
Total Sales: 174

Although the stats look depressing, one market indicator pretty much help boost our confidence-Total Sales went up hitting the 174 mark, a high point this month of August.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

SELLING YOUR EDMONTON HOME SHOULD BE FUN.

It’s a symbol that you’re finally moving on to the next chapter of your life. Its the moment where you’re going to leave old memories behind and make a new one, in a new place.
Serge Bourgoin and Associates would like to make that transition a smooth and stress free activity.

With Serge, you will have peace of mind knowing that your property will be sold quickly.
He has already helped many Edmontonians sell their properties for the best price!

Now, it’s time for you to know what Buzz is all about! It’s time for you to sell your home with Serge.

Check out this fun video showing how Serge is helping Edmonton home sellers.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

Serge Bourgoin and Associates would like to greet its Founding Member & Senior Partner a HAPPY BIRTHDAY!

This Edmonton real estate specialist continues to serve Edmontonians in their real estate venture… whether it be on the buying, selling or investing side, Serge is happy to help.

May you have many more birthdays to come Serge!

————————–

Follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

JUNE IS THE MONTH YOU’RE FINALLY GETTING THAT EDMONTON HOME SOLD!

Keep that positivity going and remember to follow this guide made specially for you.

HERE ARE YOUR 13 COMMANDMENTS IN SELLING THAT EDMONTON HOME:

1. STOP DISREGARDING THE MESS
2. STOP MAKING BIG HOME MAKEOVERS
3. DO NOT OBSTRUCT NATURAL LIGHTING
4. STOP EXPECTING THAT BUYERS WILL FLOCK YOUR PROPERTY
5. NEVER USE DARK COLORS IN YOUR WALLS
6. BE OBJECTIVE, IF BUYERS REJECT, ACKNOWLEDGE THE FAILURE
7. PLACE YOUR PETS OUT OF VIEW OR AWAY FROM THE HOME WHEN THERE’S AN OPEN HOUSE
8. PLEASE LEAVE YOUR PROPERTY WHEN THERE ARE SHOWINGS
9. STOP PURCHASING NEW FIXTURES & FURNITURE
10. STOP PUTTING PERSONAL TOUCHES IN YOUR HOME
11. DON’T DISREGARD THE STORAGE SPACES, GARAGE, LAUNDRY AREA AND BASEMENT
12. STOP MAKING IMPULSIVE DECISIONS. IF YOU’RE NOT READY TO SELL, DON’T LIST ON THE EDMONTON MLS.
13. NEVER BE SCARED TO SEEK FOR ASSISTANCE FROM YOUR REALTOR.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

You read that right! Our beloved Edmonton real estate market is finally starting to stabilize.

Below are a few good indicators that shows this stabilization.

MARKET STATUS: Edmonton is still in the Buyer’s market territory, that means Edmonton homes for sale still outnumber the current Edmonton home buyers.

AVERAGE PRICE BY CATEGORY: The condo segment barely moved on a Year-to-Year basis but its still better than single family homes which is down 2.67% from May 2015.

AVERAGE SOLD PRICE: Edmonton home sellers in April enjoyed a 3.15% increase Month-to-Month, while the overall market enjoyed a modest 1.36% Year-to-Year increase from May 2015.

25 YEAR PRICE HISTORY: The 25-year annual rate of return for properties in the city of Edmonton is +5.44%.

ACTIVE & SOLD LISTINGS: Down by 11.07% in May 2015 on a Year-to-Year basis. Yikes! Some Reators are not have a good year!

ABSORPTION RATE: a whooping 78.19% were unsold, expired & terminated listings!

The figures don’t lie, its clear that the market entering a steady state. Now is the time for you to take advantage of this stability! Carpe Diem!

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

The Edmonton real estate market just got better with this new addition to the team.

The presence of Randy Fedirchuk will help provide the much needed firepower to service the ever growing demand of Edmonton home buyers and sellers this 2016.

You can expect more homes sold and more Edmontontians become genuine homeowners with the help of Randy.

To know a little bit more about Randy:

Appreciated by his peers, friends and family for his hard work, integrity, class act, patience and honest understanding of people’s needs, Randy demonstrates enduring commitment to his clients and the services he provides.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

s

1. AVOID PUTTING REPAIRS ON HOLD. FIX ‘EM ASAP!

Repairs should be done as soon as possible, don’t make the same mistake other Edmonton home sellers did when they planned for repairs ONLY AFTER they listed their homes in the MLS. That simple mistake cost them to lose a significant amount of profit. When potential home buyers started coming in, the sellers didn’t have enough time to make proper repairs, which the buyers took advantage of and hedged low-ball offers based on that mistake. Ouch!

2. AVOID AUTOMATED APPRAISALS

Never ever base your selling price on automated appraisals. There are plenty of websites offering free price estimates for home sellers, the figures they churn out are often misleading. Following them can cause your home to be mispriced way above or too low from its true fair market value. To properly determine the selling price of your home, work with the most reputable Edmonton real estate specialists.

3. AVOID A FILTHY & DISORGANIZED HOME

Make your home as neat, orderly and hygienic as quickly as possible. From the exterior: front & back lawn & roof top to the interiors: kitchen, bathrooms, bedrooms & basements, all of these places should be deep cleaned! If you don’t have to do it yourself, hire professional cleaners.

4. DON’T FORGET THE CURB APPEAL

You have to make this extra special. Just like the first time you went on a date, the facade of your home should look extremely good. First impressions last, so your date, or in this case, the potential home buyer should get attracted to the property the first time s/he ever sees it.

5. AVOID WORRYING TOO MUCH

Yes, yes, selling an Edmonton home can be quite challenging, both mentally and physically but that doesn’t mean you have to stress yourself too much. The universe made Realtors to save you from all stress related to real estate. Work with your Realtor to make your life easy.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.
For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

LOOK FOR A WORTHY COMPARISON
Pinpoint Edmonton homes that have sold in your neighborhood or city over the last 2 months that bear similarity to your Edmonton property. This is where your research skill will come in handy.

CHECK THE AVERAGE DAYS ON MARKET
If you have a restricted amount if time to sell or that you are in a rush, it will be beneficial to analyze the average days on market (See Team Leading Edge Edmonton Real Estate Market Weekly Update). This info shows the average lenght of time it takes an Edmonton home to sell from beginning to end in the current market cycle.

REVIEW THE TREND LINE
You have to have a good perspective on where the Edmonton real estate market is going; up, down or sideways. A good comprehension of the trend line will tremendously help you determine a fair market value for your home.

OBTAIN ANOTHER POINT OF VIEW FROM A 2ND PARTY
Another great way to establish the fair market value of your home is to seek the help of an Edmonton real estate specialist. A competent Realtor will help you get a Comparative Market Analysis or best known as CMA. This CMA is a report that contains details such as market stats and sold & active comparables. Best part is all of these are FREE!

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

New Listings: 422
Average List Price: $305,343
Average Sale Price: $295,664
Average Sale Price / Sq Ft: $271.24
Average Days on Market: 45
Total Sales: 228

A sign that good times lie ahead, 35 homes were listed, increasing the New Listings to 422. $67 was taken off last week’s Average List Price while $5,260 were added to the value of Average Sale Price. $8.95 was also added to the Average Sale Price / Sq Ft. 45 was the recorded Average Days on Market, shortening the listing time by -7 days. +31 new homes were sold, putting Total Sales to 228.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

Here are the stats that you need to be aware of:

New Listings: 387
Average List Price: $305,470.00
Average Sale Price: $290,404.00
Average Sale Price / Sq Ft: $262.29
Average Days on Market: 52
Total Sales: 197

New Listings are up by 4 points compared to last week while Average List Price was down by $520. Average Sale Price also dropped to $290,404 effectively placing a $4,310 discount to home buyers. Average Sale Price / Sq Ft was $20.53 lower than the previous week.

Average Days on Market recorded a 6 point drop making home buying turn around faster Week-on-Week. Total Sales grew by 19 points, making 197 the highest number of total sales in the 3 past weeks.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.