Edmonton Real Estate Blog

To view the video for Edmonton’s First Time Buyer report just click on the following link:

http://www.youtube.com/watch?v=q_djccXIHN8

The more you know about the best way to reach a goal, the more
likely you are to get the result you want. So, whether you’re hunting
for a new job, assembling a backyard BBQ, or training for a 3 mile
run, you’ll want to use a proven process to help you get there.
That certainly holds true when shopping for a new home.
There is a proven process to getting the home you want, in the
neighborhood you want, at a price you can afford. Here are
the highlights:

1. Get Ready
There’s a lot you must do before you pack your energy snacks in the
car and go looking at homes. If you own your current home, you
must prepare that property for sale. You should also get financing
for a new home pre-approved, so you know exactly how much you
can afford.

2. Go shopping
Your next step is to view the right homes currently available on the
market. It’s a good idea to make a wish list of property and
neighborhood features you’re looking for in a new home. You may
not be able to get everything you want, but you can probably come
pretty close.

3. Make an offer
When you see a home you like, the first thing you’ll need to do is to
make an offer. This can be tricky especially if there are other
interested buyers.

4. Get an inspection
Always get the home checked out by a qualified home inspector. A
property may have issues, such as a foundation leak, that are not
obvious during a viewing.

5. Prepare for the move
Once you’ve made the purchase, you need to arrange for moving
and deal with other details, such as utilities, telephone, mail
forwarding and so forth.

Want a smooth home buying process? Call today at 780-634-8151 or visit us at www.findmyhouse.ca

**Just Listed!**

Welcome to your new home in the family-oriented community of Rock Glen. Watch your kids play with their friends on the playground located in the centre of the complex from your kitchen window. Plenty of room for family dinners in the formal dining area. The living room features large windows and a beautiful floor-to ceiling slate faced wood burning fireplace (non functioning). Sliding glass patio doors lead out to the fenced back yard with interlocking brick patio and small garden with shrubs.  The second storey features a 4 piece bathroom and 3 bedrooms with large closets.  The fully finished basement would be great as a media room. Upgrades include new paint and carpet. Two assigned parking stalls directly in front of unit.  Steps away from public and Catholic schools, shopping, LRT, and the Harisien community hall is next door with an ice rink. Welcome home! Buyer to verify all information and measurements.

1061 SqFt                 Townhome

3 Bedrooms           1.5 Bathrooms

$209,900          MLS: E3219126

If you have any questions please call Team Leading Edge at (780) 634-8151

**Reduced $10,000!**

 View the virtual tour here: http://www.youtube.com/watch?v=F8YrGcwqZ3o

Welcome home! This beautiful brightly lit 4 level split has been nicely upgraded and is perfect for your family’s next home.  This home features a NEW kitchen including new dishwasher, cabinets, countertops, fixtures, flooring, and breakfast nook.  Lots of natural light from the large windows in the living room.  The formal dining area is great for entertaining and has track lighting.  Renovated upstairs bathroom.  Fully finished basement with large family room and woodburning fireplace, full bathroom, and bedroom.  Large landscaped fenced pie lot with deck.  Located on a quiet cul-de-sac with other families.  New shingles and hot water tank.  Close to both public and Catholic schools, many parks, shopping, and more.  What else can you ask for? Pack your bags and welcome home!

1047 SqFt                 4 Level Split

4 Bedrooms           2 Bathrooms

$309,988          MLS: E3213579

If you have any questions please call Team Leading Edge at (780) 634-8151

ACT NOW! This won’t last!

**Open House!**

562 Glenwright Cres

Saturday April 10

1pm – 4pm

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

If you have any questions please call Team Leading Edge at (780) 634-8151

See you there!

Edmonton, April 6, 2010: Housing figures released by the REALTORS® Association of Edmonton for March and the first quarter of 2010 show that resale housing prices are up; listings and sales are up.

“There is consumer confidence in this market and both buyers and sellers appear eager to enter the housing market,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “Prices are up about 10% from a year ago and sellers are eager to take advantage. Buyers are aware of higher mortgage rates ahead and are getting into the market before the rates rise.”

Single family residences in the Edmonton area sold on average* for $388,473 in March which is up 4.7% from February and 11% from a year ago. Condominium prices rose by 8.4% month-over-month and 10.5% year-over-year. The average condominium sold for $252,416 in March. Duplex and rowhouse prices (at $313,836) dropped a third of a percent in March but were up 10.4% from a year ago. The average residential price was $343,607 (up month-over-month by 8.5%).

Sales also demonstrated the optimism of the marketplace. 3,728 residential listings in March were up over 30% from a year ago and up 246% in the first quarter. Residential sales of 1,571 properties in March were up 15.1% from a year ago and 77.3% in the first quarter. Sales were up from 1,307 in February: a 20.2% increase. The March sales-to-listing ratio was 42%; down from 52% in February.

“Seller activity has boosted the inventory to 6,770 residential properties,” said Westergard. “I am less concerned about available inventory now than I was at the beginning of the year. I think the market has reached a balance between buyers and sellers.”

All major banks raised their fixed mortgage rates in late March and the Bank of Canada has warned that interest rates will rise again after the second quarter. Many buyers are hurrying to lock in rates and find a home before the more stringent qualification requirements for mortgages come into effect on April 19. Alberta will not be influenced by the GST harmonization taking place in Ontario and BC so we may not see the sales slump in the second quarter that is expected in those two provinces.

The average days-on-market in March was 41 as compared to 47 in February.

-30-

Highlights of MLS® activity

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.

Source: REALTORS® Association of Edmonton

**Just Listed!**

3 Bedroom 2 storey home in Kiniski Gardens with BRAND NEW double detached garage.  Bright living room, formal dining area, and an eat-in kitchen with lots of cupboard space and a view of the backyard.  All bedrooms on second storey.  Large master bedroom with big full-wall closet.  Basement is partially finished and is waiting for your creative touch.  New sod to be put down in backyard shortly.  All measurements and information to be verified.

1165 SqFt                 2 Storey

3 Bedrooms           1.5 Bathrooms

$309,900          MLS: E3216761

If you have any questions please call Team Leading Edge at (780) 634-8151

**Reduced!**

 View the virtual tour here: http://www.youtube.com/watch?v=F8YrGcwqZ3o

Welcome home! This beautiful brightly lit 4 level split has been nicely upgraded and is perfect for your family’s next home.  This home features a NEW kitchen including new dishwasher, cabinets, countertops, fixtures, flooring, and breakfast nook.  Lots of natural light from the large windows in the living room.  The formal dining area is great for entertaining and has track lighting.  Renovated upstairs bathroom.  Fully finished basement with large family room and woodburning fireplace, full bathroom, and bedroom.  Large landscaped fenced pie lot with deck.  Located on a quiet cul-de-sac with other families.  New shingles and hot water tank.  Close to both public and Catholic schools, many parks, shopping, and more.  What else can you ask for? Pack your bags and welcome home!

1047 SqFt                 4 Level Split

4 Bedrooms           2 Bathrooms

$314,888          MLS: E3213579

If you have any questions please call Team Leading Edge at (780) 634-8151

To view more pictures click here

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