Posted in: Zone 29, Edmonton Real Estate
I have sold a property at 1640 JAMHA RD.
Welcome to this beautiful end unit townhouse boasting 1,141 sq. ft. in pristine condition! You will enjoy cooking in the bright & sunny kitchen with skylight, abundance of white cabinets, hardwood flooring and newer appliances. The eating area is spacious and has a garden door to access the back yard area. The living room feature a large window for tons of natural sunlight, gleaming hardwood floors, perfect for family gatherings or entertaining friends. The spacious master bedroom features a walk-in closet & a Jacuzzi ensuite for some relaxing quiet time. One other good sized bedroom & 4 pce bathroom complete the main level. Downstairs you will find a fully finished basement boasting a large family room, 2 bedrooms, laundry area & 3 pce bathroom. Other features of this home include a very private secluded & quiet location, open floor plan with numerous large windows, gas fireplace, vaulted ceilings and nicely maintained grounds. Close to all amenities & the best location in the complex!
As our local housing market is wide-ranging and regularly evolving. These figures in 2015, so far, give you a sense of the wide range of possibilities in the city.
- Apartment Condos -
Least expensive - $49,999 - Size: 190.52 sq. ft. in Inglewood
Most Expensive - $1,299,000 - Size: 2,447.73 sq. ft. in Downtown Edmonton
- Townhouses -
Least expensive - $119,900 - Size: 990.29 sq. ft. in Rundle Heights
Most Expensive - $699,000 - Size: 2,281.97 sq. ft. in Westridge
- Single Family Homes -
Least expensive - $138,000 - Size: 918.82 sq. ft. in Eastwood
Most Expensive - $2,988,888 - Size: 3,907.01 sq. ft. in Windsor Park
Data above are based on MLS Sales in Year 2015.
Posted in: Fort Saskatchewan Real Estate
I have listed a new property at 7 12 Langley DR in Fort Saskatchewan.
AVAILABLE NOVEMBER 1ST!! This 1450 s.f. 3 bedroom townhouse plus a full basement. NEW lino in the kitchen, NEW light fixtures,NEW bathroom, NEW hardwood flooring, NEW paint, and engerized parking. Great location. Close to all amenities, shopping and public transporation. $1,400 a month plus damage deposit. No Smoking/No Pets.
Posted in: Fort Saskatchewan Real Estate
I have listed a new property at 6 12 Langley DR in Fort Saskatchewan.
TOTALLY RENOVATED!! 1260 s.f. townhouse plus full basement. NEW kitchen,NEW bathroom,HARDWOOD,PLANK,PLUSH CARPET,paint,light fixtures,5 NEW appliances,deck and engerized parking. Great location. Close to all amenities, shopping and public transportation. $1,350.00 per month plus damage deposit. No Smoking/No Pets.
Posted in: Sherwood Park, Sherwood Park Real Estate
I have sold a property at 3112 SOMERSET PT.
Gorgeous custom built 2,580 sq. ft. 2 storey in desirable Summerwood. As you enter you are greeted with a stunning open foyer with porcelain flooring. The GOURMET kitchen boasts an abundance of MAPLE cabinets & GRANITE counters, CERAMIC backsplash, corner pantry, s/s appliances and breakfast bar island. The large dinette has garden door access to deck & yard. There's a huge main floor den/flex with French doors! Upstairs has a spacious bonus room with beautiful vaulted ceilings, the large master bedroom has WALNUT hardwood, a walk-in closet and a 5 pce spa inspired ensuite. Two other oversized bedrooms, 4 pce main bath and convenient 2nd floor laundry complete this level. The lower level features a fully finished basement where you & your family can spend time in the huge rec room and games area with bar. A 4th bedroom and 4 pce bath finish it all off. Entertain family & friends and enjoy the deck in the fully fenced & landscaped yard. Close to all amenities including schools, lake & walking trails.
Edmonton, October 2, 2015: The average residential price in September for the Edmonton Census Metropolitan Area (CMA) is down less than 1% year-over-year (YoY) despite reported sales being down 6.76%. Single family sales (down 9.72% YoY) and condo sales (down 9.07%) continue to be down over levels reported in September of 2014, while duplex/rowhouses (up 17.21% YoY) buck the trend.
“The strength of prices in the Edmonton market is an excellent indication that we are maintaining stability,” explains Geneva Tetreault, Chair of the REALTORS® Association of Edmonton. “Buyers continue to see the benefits of a healthy inventory but we haven’t seen many sellers dropping prices significantly in order to compete. Last year’s market and its low inventory made buyers feel pressure to jump into an offer if they found something they like. We are seeing buyers take a little more time in the decision making process this year.”
A single family home in the Edmonton Census Metropolitan Area (CMA) sold for an average of $432,150; down 1.75% from August and down 0.98% YoY. The average price for condominiums ($252,953) fell 0.68% over last month and 1.05% over last year. Duplex/rowhouses did well at an average of $364,203 – up 2.76% from the previous month and up 4.28% from 2014. All residential properties sat at $368,874; down 0.91% from August and down 0.75% over September 2014.
“We will likely see prices continue to dip as we move into the colder months. Real Estate in Edmonton has a very seasonal trend and colder months always mean fewer sales. We may see buyers take advantage of this trend and benefit from low interest rates while they still can,” Tetreault says.
All residential active inventory remains healthy with 7,108 properties available at the end of September, down from August by 1.65% but still up over last September by 47.71%.
Average days on market for all residential properties was down this month by 1 over last month sitting at 53. This is up by 8.51% from last year. Single family average days on market was down to 51. Condominiums were averaging 57 days compared to 56 in August, and duplex/rowhouses took an average of 51 days to sell in September.
As a current homeowner, you might be planning you next move to a new home. You are now stuck with the dilemma of whether to buy or sell your existing home first. You could try to buy a home with a condition that says the purchase is subject to the sale of your existing home but in most markets that will give you a huge disadvantage when competing with other buyers.
Truth be told, there are rewards and drawbacks with either choice. It is in your best interest to keep the following in mind to explore what might be the best move for you.
An experienced, trusted, and knowledgeable Realtor can provide a realistic value expectation of your present home and give an overview of options such as porting a mortgage, bridge financing, and a conditional offer. Essentially, your Realtor can set the strategy with the terms and conditions in your listing and purchase contract. Also, your Realtor can negotiate possession dates to prevent you from being homeless in between homes or stuck with two homes and becoming a reluctant landlord.
Obtain a realistic value of your present home through provided by your Realtor or an independent appraiser. Keep in mind to include selling costs such as mortgage penalties, lawyer fees, and real estate commission. This information will help you estimate the amount of equity remaining after your present home sells.
Once you know how much equity you will have, check with your lender to determine your options regarding your current mortgage and to find out if bridge financing is a possibility. This allows you to take possession of your new home before the funds for your existing home are received by your lender. Find out how much this will cost you based on the interest rate and any fees included. If financing is not, you may have to sell your current home and make temporary living arrangements until you get the perfect new home.
4. Keep all of your properties
It may be an option to keep your present home as an investment property. Your bank will consider the monthly rental income to qualify you. Just take into consideration all the things that come with being a landlord, such as property management, vacancy, property upkeep, and taxes to name a few.
In the end, your decision will most likely be based on a number of factors, but knowing the potential upsides and drawbacks are important before you make your next move.
Posted in: Zone 18, Edmonton Real Estate
I have sold a property at 6207 92A AVE.
DEFINITE WOW FACTOR!!! TOTALLY RENOVATED BUNGALOW FROM TOP TO BOTTOM!! Move in ready! Beautifully Redesigned open concept for the living room, dinning room and kitchen areas. Gorgeous Chocolate Maple Hardwood floors. Stunning NEW KITCHEN with glass door fronts, under mount stainless steel sink, under mount cabinet lighting, GRANITE COUNTERTOPS, Spacious centre island, & glass back splash. 2 NEW luxurious bathrooms featuring a deep soaker and floor to ceiling tiles. There's a completely remodelled basement with 2 bedrooms, a large rec room, storage, and new Laundry Room. New Vinyl Windows throughout,Upgraded plumbing, light fixtures, wiring, NEW HIGH EFFICIENCY FURNACE and hot water tank. Can you believe there's even a BRAND NEW oversized detached double garage!! The Private fully fenced yard has a wonderful apple tree and concrete patio for entertaining family and friends. Best of all, it's minutes to downtown and close to schools, shopping, parks and public transportation!!!
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