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• – Break out the BBQ and enjoy the summer sun in your fenced backyard that overlooks a greenbelt!
• – And for those colder months, you can feel the warmth of the winter sun through the large windows in your oversized kitchen while you watch your kids make snowmen in the yard.
• – Have peace of mind knowing your children will be attending nearby schools.
• – Easy access to Anthony Henday and Whitemud will give you the convenience of easily getting almost anywhere in the city.

1151 sq ft                                                      2 Storey

3 Bedrooms                                                2 Bathrooms

Price: $199,999

Call Serge today for more information (780) 995-6520

7207 – 144 Ave.

Reduced $9,000 for quick sale.  Exceptional 4 bedroom bungalow with a fully finished basement that has suite potential, with a family room that has a dry bar and fireplace.  Also there is a sauna in the basement.  There is a heated double detached garage in the back.  Main floor living room and dining room features hardwood floors, new carpets.  Also recently the roof was redone and a new hot water tank installed.  Located conveniently close to bus route, walking distance to shopping, and schools.  The south facing backyard will allow you to enjoy that afternoon and evening sun, and has a large garden plot.  All the walks are made up of poured concrete and there is a deck in the back yard.

According to figures released by the Canadian Mortgage and Housing Corporation (CMHC) in May, housing starts in the Edmonton Census Metropolitan Area (CMA) totalled 355 units in April compared with 683 units in April 2008. After four months of activity so far this year, total housing starts have amounted to 1,116 units across Greater Edmonton, down from 2,998 units recorded during January to April of 2008.

Builders poured foundations for 206 single-detached homes in April, representing an increase of almost 16% from the 178 units started in April 2008. “This represents the first year-over-year improvement in single-detached activity since June 2007,” noted Richard Goatcher, CMHC’s Senior Market Analyst based in Edmonton. To the end of April, 607 single-detached homes began construction across Greater Edmonton, down from 835 units during the first four months of 2008.

Multi-family starts, which consist of semi-detached, row and apartment units, remained on a downtrend in April. A 26% year-over-year gain in row starts was offset by continued weakness in new apartment activity. Semi-detached, row and apartment starts totalled 149 units in April, representing a decrease of about 71% from the 505 multiple unit starts in the same month last year. Multiple starts have amounted to 509 units across Metro Edmonton from January through April, down nearly 77% from 2,163 multiple starts tallied in the first four months of 2008.

Housing starts in Alberta’s seven largest cities totalled 794 units in April, representing a decrease of 61% from 2,034 units in April 2008. All seven cities reported year-over-year declines.

Well I have to say that I am impress with the numbers that I am currently seeing.  As of today there are 2,510 single family homes listed in Edmonton proper.  That number has been holding pretty steady over the last little while which is good to see.

Also the sales in the past 30 days have increased to 811.  This is definitely a trend that most people want to see with the exceptions of buyers.  With those numbers that give us a listings to sales ration od 3.09:1 again much lower than the 4:1  that is needed for a neutral or balanced market.

So look out boys and girls valuations are rising whether we like it or not.

Sales activity on the Edmonton Multiple Listing Service® increased in April as compared to last month and April 2008. There were 3,019 residential properties listed in April with sales of 1,843 (up 33.6% from last month and 1.1% from April 2008).

The average* price of single family homes in the Edmonton area was up 1% from March but, at $353,386, was still 8.5% below the last April price of $386,033. Condo prices were up 2.4% from last month to $236,020 while duplex/rowhouse prices were up 5.2% at $291,068.

“Increased sales activity is evident in most real estate offices and some REALTORS® are reporting multiple offers on select properties,” said Charlie Ponde, president of the REALTORS® Association of Edmonton. “However, inventory is still relatively high and sellers should price their properties aggressively to attract offers.”  

The number of residential properties available through the MLS® System on April 30 was 7,539 – up 1% from last month but well below the glut in April last year when there were 10,606 properties available. The year-to-date sales-to-listing ratio is just 46% but the April S/L ratio of 61% is an indicator of increased activity. Average days-on-market in April was 51 – a number last seen in March 2008.

“REALTORS® are optimistic about the Edmonton market,” said Ponde. “In-migration figures are positive, retail sales in Alberta are still higher than the rest of the country and unemployment figures are lower than other parts of Canada. First-time buyers are entering the market because of historically low interest rates and renovation incentives are encouraging move-up buyers to consider relocation.”

Total sales through the MLS® System for the month were valued at $635 million with a year-to-date total of $1.75 billion. Total YTD sales value is down 23% from the same time last year but sales are off by just 16%

Source: Realtors Association of Edmonton

7207 – 144 Ave.

Sunday April 26, 2009 2-4 pm

Basement Suite Potential

Just Reduced to $294,900

Exceptional 4 bedroom bungalow with a fully finished basement that could easily be converted into a suite as it already has second fridge, stove, and sink.  The basment also has a family room that has a dry bar and fireplace.  Also there is a sauna in the basement.  There is a heated double detached garage in the back.  Main floor living room and dining room features hardwood floors, new carpets.  Also recently the roof was redone and a new hot water tank installed.  Located conveniently close to bus route, walking distance to shopping, and schools.  The south facing back yard will allow you to enjoy that afternoon and evening sun, and has a large garden plot.  All the walks are made up of poured concrete and there is a deck in the back yard.

Rare opportunity for 2 families (or extended family) to live together. Large 2500+sq ft 2 Storey with basement suite, 2 garages, deck + gardens in a cul-de-sac. Main floor boasts a sunken living room, formal dining room, large kitchen w/ eating nook, sunken great room w/ wet bar, and large bay windows. The over-sized MB has  plush carpet and a step-up to the bed area and bay window. The enormous ensuite features a large 2-person Jacuzzi, double sink w/ wall to wall vanity + mirror, separate glass door shower stall, and separate toilet area. A wall of the ensuite has 2 floor-to-ceiling mirrors that move to reveal a large closet. The basement is fully finished as a suite with separate entrance, a full kitchen, bedroom, and a large living room w/ a gas fireplace + dry bar.  To view more information and pictures visit www.FindMyHouse.ca

The market is changing fast… very similar to what we saw when the market had it’s down turn back in May 2007.

As of this morning there were 2,521 residential listings in Edmonton proper.  In the last 30 days there were 684 listins sold which again is an increase over last week.  That would give us a listing to sales ratio of 3.56:1.  Again that is a drop from last week.

For those of you who have been following this blog you will remember that historically in Edmonton we need a listings to sales ratio of 4:1 for a neutral or balanced market.  Now for 2 weeks in a row we have been below that market which supports my comments lasts week that we have probably seen the bottom of valuations.

I wouldn’t be surprised at all if we were to start seeing valuations start to rise again soon.  So if you were thinkg of buying then the sooner the better as they say.

Executive style living with this great downtown townhouse condominium, close to Grant MacEwan college, 2 + 1 bedroom, one fireplace in living room and 2nd fireplace in master bedroom.  Skylights in master bedroom and ensuite bath. Features a window extending from main floor all the way up to 3rd floor master bedroom. The upper 2 levels feature hardwood floors. Ideal for a professional couple or single individual.  All measurements to be verified by purchasers.  To view more pictures visit us @ www.FindMyHouse.ca