Posts Tagged ‘edmonton real estate’
Appraised for $420,000… listed for $399,888 for a quick sale!
Thursday, March 15th, 2012To view and search all MLS listed homes visit us at http://www.edmontonhomesforsale.biz
Appraised for $420,000… listed for $399,888 Great 3 bedroom 2 storey home in Macewan backing onto green space. Open concept designed, hardwood floors, partially finished basement, and a large master bedroom a must see for more information call Serge at 780-995-6520 or look at the feature properties at www.edmontonhomesforsale.biz to see all the pictures.
To view and search all MLS listed homes visit us at http://www.edmontonhomesforsale.biz
Serge Bourgoin
Re/Max Elite
780-634-8151
Mortgage Rule Changes Will Make it More Difficult to Buy!!
Thursday, March 8th, 2012Lenders and policy makers are currently in discussions to change the mortgage rules again!! They are currently debating reducing the maximum amortization period back down to 25 years. This will make mortgage payments higher and will reduce the overall amount of a mortgage you will be able to qualify for.
They are also having discussions about increasing the amount of down payment required to buy.
Both of these will have a huge impact on your ability to buy, and how much you will be paying monthly. If you are thinking of buying you should consider buying right now before these changes come into being.
Search all MLS listed homes on our website www.edmontonhomesforsale.biz or call me today 780-995-6520
February Edmonton Housing Prices Rise with Sales – REALTORS®
Monday, March 5th, 2012“Average prices in February were higher than the year-long average price for last year,” said REALTORS® Association of Edmonton President Doug Singleton. “Buyers seem to have confidence and REALTOR® offices are reporting solid traffic. This is lifting prices up and they are already higher than at the same time in the past two years.”
In February, the average price of a single family detached (SFD) home was $375,268, up 3.1% from the previous month. The average price of a condominium in February was $234,973, up 8.5% from the January price. This is higher than all months except May of last year. Duplex and rowhouse properties sold on average for $306,491; a 1.4% improvement from the previous month.
Year-over-year prices were also up in all categories. Single family properties were up 4.8%; condos were up 1.7% and duplex/rowhouses were up 0.2% from the same month last year.
Sales and listings by REALTORS® on the Multiple Listing Service® System in February were both up from January and the sales-to-listing ratio recovered from 36% in January to 46% in February. This indicates that less than half of the residential properties listed were sold and provides fresh property options for buyers who may have been looking for several months. Sellers should be pleased to see that the average days-on-market in February was 54; down from 65 in January.
There were 5,976 residential properties in the local MLS® System at the end of January. Although the inventory was up from last month, it is lower than a year ago when there were 6,389 properties available for sale on the MLS® System.
“Nationally the housing still appears to be soft,” said Singleton. “But the local market is much more robust. Consult your local REALTOR® for the most comprehensive local market information. REALTORS® are here when life happens.”
Source:Realtors Assc. of Edmonton
Are Valuations in the Edmonton Real Estate Market Starting to Rise?
Saturday, March 3rd, 2012This has been one of the most strangest years that I can remember since I started real estate back in 1985. I say strange because it was the busiest January and February that I can ever remember having but by looking at the sales statistics it would appear not everyone was having the same success.
As of today March 03, 2012 there are 2,318 single family homes listed in Edmonton proper on the Multiple Listing System. That is a reasonable listing level.
In the previous 30 days there were 604 single family homes sold in Edmonton proper through the Multiple Listing System. That is a significant increase over last months sales level.
This would give us a listings to sales ratio of 3.84:1 which is below the 4:1 we need in Edmonton for a neutral or balance market. This tells me that we are starting to see some increased pressure for valuations to start to rise.
If you are a buyer you better buy now before prices go up and interest rates go up. Call me today to help you find your dream home now. Serge 780 – 995 – 6520
Re/Max Dominates The Edmonton Real Estate Marketplace
Thursday, March 1st, 20125 Bedroom Bi-Level in North Edmonton
Wednesday, February 29th, 2012
Just Reduced in MacEwan for a Quick Sale!!
Wednesday, February 22nd, 2012in Macewan. Bright and modern open concept 2 storey home situated in a quite crescent with loft. This home is
loaded with great features including maple hardwood flooring throughout the main level, with upgraded carpet and underlay. 9 foot ceilings on the main floor and in the basement. Home comes with roman shades throughout wit a value of approx. $7000. The kitchen features an island with eating bar and has gorgeous maple cabinetry, upgraded black appliances, granite tops with a deep Silgranit sink and lots of cabinet space. Upstairs there is a handy loft perfect for a computer work place. The master bedroom is extra large with a bay window, walk in closet, en suite with corner soaker tub, and separate shower. The basement has a family room with a roughed-in wet bar and the third bedroom. The backyard is fenced and back onto the school football field. There is a gas outlet for a gas BBQ on the deck off the eating area and lets not forget central air conditioning. Only $414,900
Macewan 2-storey home – $424,900
Monday, February 13th, 2012Bright and modern open concept 2 storey home situated in a quite crescent with
loft. This home is loaded with great features including maple hardwood flooring
throughout the main level, with upgraded carpet and underlay. 9 foot ceilings on
the main floor and in the basement. Home comes with roman shades throughout wit
a value of approx. $7000. The kitchen features an island with eating bar and has
gorgeous maple cabinetry, upgraded black appliances, granite tops with a deep
Silgranit sink and lots of cabinet space. Upstairs there is a handy loft perfect
for a computer work place. The master bedroom is extra large with a bay window,
walk in closet, en suite with corner soaker tub, and separate shower. The
basement has a family room with a roughed-in wet bar and the third bedroom. The
backyard is fenced and back onto the school football field. There is a gas
outlet for a gas BBQ on the deck off the eating area. For more information visit
www.edmontonhomesforsale.biz
Just Listed – Upgraded 5 bedroom Daytona bi-level home only $434,900.
Monday, February 13th, 2012Upgraded 5 bedroom Daytona bi-level home only $434,900. close to Manning freeway, Anthony
Henday, LRT, public transportation, schools,and all amenities. It features a
large master bedroom with walk in closet and 4 pce. en suite bath. There are 2
additional bedrooms on the main floor and 2 more in the fully finished lower
level. The kitchen comes fully equipped with upgraded stainless steel
appliances. It has an open concept with vaulted ceilings. There is hardwood
throughout the main floor. The basement was professionally finished with a
family room with gas fireplace and another 3 pie. bath. The basement carpeting
was upgraded to George Capriani carpet. This large family home comes with custom
made drapes from Columbia, recirculation air system, 3 tiered deck. It must be
seen to be appreciate. For more information visit www.edmontonhomesforsale.biz