The awards kept coming… I received this one for being one of the top realtors at Re/Max Elite, but I could have never reached this accomplishment without all of my great clients, and past clients that referred their friends to me. So thank you to all my clients for their support.
Team Leading Edge would like to congratulate Serge for receiving the prestigious “Platinum Club” award for 2012
Here is a good way to be reminded that I am getting old. Today RE/MAX presented me this silver plate for 25 years service. I am proud to have been with such a great organization. Looking forward to the next 25 years.
It was a very humbling experience today to be recognized for being one of the top 10 realtors in our office for contributions to the Children’s Miracle Network
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
When you’re shopping for a new home, you want to find a property that has all the features and characteristics you want. A large deck surrounded by picturesque landscaping … a beautiful kitchen with gleaming marble countertops… a cozy finished basement with fireplace….
You should look for the ideal home. You deserve it! But some home buyers make the mistake of becoming fixated on finding the “perfect” property, and passing too quickly on those homes that don’t quite measure up.
Why is that a mistake? Because some of those less-than-perfect properties have the potential of becoming your next dream home.
First of all, a home that is lacking some desirable features, such as a finished basement, will probably cost less. Those savings may be more than enough to cover any needed upgrade or renovation.
Secondly, if you look at a home in terms of its potential, rather than the features it happens to have now, there will be more properties available on the market for you to consider.
If you’re determined to have a large wrap-around deck for entertaining, for example, don’t cross homes that don’t have this feature off your list. At least not yet. Instead, view these properties with an eye on potential. Is the backyard big enough to accommodate a large deck? How would a deck like that look if added to this particular property? How much would such a renovation cost?
There’s no doubt about it. You want to find a home that has all the features and characteristics you want. If you work with a good REALTOR®, there is a good chance you’ll find a property that has most of them.
But keep an open mind. Sometimes a “diamond in the rough” can – with an upgrade or renovation – become a home you’ll treasure for years.
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.
Edmonton, February 4, 2013: Year-over-year average prices and sales were up for most types of residential property in the Edmonton Census Metropolitan Area (CMA) in January. Single Family Dwelling (SFD) average prices were down 1.93% from December but up 7.7% when compared to January 2012. Condominium prices were also down (-3.1%) month-over-month but up 1.7% year-over-year. The all-residential price was up year-over-year at $328,525 (up 2.5%). The average price for an SFD was $399,832. An average condo was priced at $216,139, while a duplex/row house was priced at $328,351 on average. The all-residential average price in the Edmonton CMA was $328,525 as compared to $320,482 in January 2012.
The 2013 year started off with a residential sales increase of 27 (25) units over the previous year. There were an estimated 921 (853 reported) residential sales in the Edmonton CMA and an estimated total of 1,084 (1,005 reported) sales of all types of property. SFD sales were down 1.4% from a year ago at 536 estimated (496 reported) sales. Condo and duplex/row house sales took up the slack with an estimated 286 (265 reported) condo sales (up 30.7%) and duplex/row house estimated sales of 64 (59 reported) units (up 24.9%).
“If there is an impending national housing crash, it is not evident in Edmonton,” said President Darrell Cook. “The number of price reductions is 4% lower than the same month last year.” The number of residential properties in the City of Edmonton that sold at or over list price rose from 9% in January 2012 to 12.6% this year. “This indicates that homes are appropriately priced for the market and that more home sellers are holding firm to their asking price,” said Cook.
The average days-on-market was 74 and the sales-to-listing ratio ended the month at 47%. There are currently 3,743 residential properties in inventory in the Edmonton CMA. This is lower than the five-year average for January (4,324) but still represents a 4.4 month supply at current sales levels.
REALTORS® changed their statistics reporting format this month. Sales and average price figures are given for the Edmonton CMA which includes the City of Edmonton and about 40 surrounding municipalities as defined by Statistics Canada. Then, because sales in the City of Edmonton account for about 75% of all sales, the figures are given for Edmonton only. Finally, communities and counties outside the CMA are not forgotten. The number of sales for each municipality along with average/median prices and total value of sales are provided in the Total Board section. All three reports are attached.
“All real estate is local,” said Cook. “It is important that we provide statistics that are relevant to each specific location. REALTORS® can provide their clients with more granularity or more specific details at the neighbourhood level.”
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Highlights of MLS® System activity
| January 2013 | January | M/M % Change | Y/Y % Change |
| SFD2 average3 selling price – month | $399,832 | -1.93% | 7.68% |
| SFD median4 selling price – month | $376,600 | 2.16% | 6.38% |
| Condominium average selling price | $216,139 | -3.11% | 1.71% |
| Condominium median selling price | $208,000 | 0.00% | 1.96% |
| All-residential5 average selling price | $328,525 | -3.50% | 2.51% |
| All-residential median selling price | $315,000 | -1.56% | 1.61% |
| # residential listings this month | 1,812 | 121.79% | -11.09% |
| # residential sales this month | 853 | 36.04% | 3.02% |
| # residential inventory at month end | 3,743 | 7.16% | -12.24% |
| # Total6 MLS® System sales this month | 1,128 | 34.77% | -0.53% |
| $ Value Total residential sales this month | $325 million | 33.29% | 3.98% |
| $ Value of total MLS® System sales – month | $374 million | 29.01% | -0.96% |
| $ Value of total MLS® System sales – YTD | $374 million | 29.01% | -0.96% |
1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales
source: Realtors Association of Edmonton
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