Purrfect Properties Blog

Archive for July, 2016

Simply the Best! These aren’t catty remarks for this Edmonton REALTOR®

Thursday, July 28th, 2016

Tears of joy for our family today. Thanking the Lord for his many blessings. Cheers! House warming shindig coming soon! And a huge thank you to our amazing REALTOR Jeanine B. Osborne for all the hard work and dedication. Simply the best!

-Anita Stewart, Edmonton-

Thanks Anita, Now that’s the Cats’ Meow!

Alberta Real Estate Market Reports – June 2016

Thursday, July 28th, 2016
Alberta home sales down year-over-year in June

The Alberta Real Estate Association (AREA) reports that a total of 6,059 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in June, down 9.2 per cent from the same month last year.

The average MLS® residential price decreased 1.4 per cent from June 2015 to $397,269.

 

Two of Alberta’s real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:

Board Year-Over-Year Change Year-to-Date Change
Lethbridge Region +2.0 per cent -0.9 per cent
Calgary Region +0.2 per cent +1.0 per cent

The remaining eight Boards/Associations saw the monthly residential average price decrease to varying degrees from June 2015:

Board Year-over-Year Change Year-to-Date Change
Edmonton Region -0.6 per cent -0.8 per cent
Lloydminster Region (AB Only) -2.0 per cent -6.2 per cent
Grande Prairie Region -4.5 per cent -6.1 per cent
Medicine Hat Region -5.2 per cent -5.3 per cent
Central Alberta -5.3 per cent -3.8 per cent
Alberta West -9.7 per cent -1.7 per cent
Fort McMurray Region -19.8 per cent -17.0 per cent
South Central Alberta -32.3 per cent -18.4 per cent

Note: The data above is national data and may not perfectly reflect the data reported by a Board/Association. The numbers represented are for the full Board/Association region, rather than city/town proper areas that may be reflected in a board’s name. Click here for a general guideline of Board/Association boundaries.

The value of all home sales in the province totalled $2.41 billion for the month, falling 10.5 per cent from June 2015.

 

There were 4.9 months of inventory at the end of June 2016, up from 4.0 months at the same time one year ago.

 

New listings on the MLS® Systems of real estate boards in Alberta numbered 10,349 units in June, a decrease of 4.4 per cent from a year earlier, while active residential listings numbered 29,432 units at the end of June, up 11.5 per cent from one year earlier.

Click here for the full release, including a breakdown of information by area. The Alberta Real Estate Association (AREA) compiles provincial MLS® sales data for dissemination to REALTORS® and other interested groups. The data that is provided represents statistics provided to AREA by way of the Canadian Real Estate Association (CREA). For more detailed statistical information for Boards/Associations or for individual areas, contact your local real estate Board/Association or your local REALTOR®.

ALL Pet Friendly Condos for Sale in Edmonton

Tuesday, July 26th, 2016

How do I find a Pet Friendly Condo in Edmonton that will allow both me and my pet to move in? Are pets allowed at Condos?  Get help finding the right home for you and your pet(s) with this Edmonton Pet Friendly REALTOR®.

You find a great home, you write an offer, all to find out that Fido isn’t allowed to come.  The property is not pet friendly, yet the MLS® listing said there were no restrictions,  how does this happen?  Well it happens all too often in Edmonton and Buyers with pets pay the price.

The search is probably frustrating for you when you try to find that feather or fur friendly home.  It’s a bone of contention with me, I love pets and think REALTORS® could work a lot harder to be more clear with listing this correctly. It doesn’t make up for the problematic system; however the best reason I can give you as to why you see discrepancies like this is because:

Many REALTORS® choose not to read the condo documents before they list a property. Many REALTORS® don’t look at condos docs, at any point. Perhaps even your buyers agent won’t look at condo docs for you.  Every agents services are different and industry standards are changing all the time.

The flip side of not looking at condo docs is just using the descriptors for this entry incorrectly.  You see, our system has been created with three options for pet restrictions the listing agent can pick from – NOPET, PETSR and N-KNOWN.

N-KNOWN – Unfortunately many pick NONE KNOWN, so they will not risk turning away potential buyers from seeing the home OR because they have not read the condo documents and therefore CANNOT say if there are any restrictions.

Not very helpful for pet owners, I know.

Click here to search all pet friendly condos for sale in Edmonton.

PETSR – This is supposed to mean PETS RESTRICTED BY BOARD – Height, weight, quantity and type of pet restrictions, all implemented by the condo corporation and you will most likely need to seek board approval before bringing your animals on site.

NOPET – This means exactly that – no pets, not even the ones that make bubbles as their loudest noise.

SO what’s the worst that can happen?  Well here’s a quick story:

My broker was telling me just recently about how an Agent in our office helped a client purchase their condo.  The client loved his cats and moved them into the property.  He had told his agent from the beginning that his pets were very important to him and he essentially bought a condo that did not allow pets.  The agent did not help him review the documents, and he didn’t bother to check the pet rules in the owner usage of the condo by-laws.  When the property managers found out he had pets in the unit, he was fined $250 /day /pet since he moved in.  He is un-impressed to say the least.

How can you be sure your fur babies will be permitted? – READ YOUR CONDO DOCS!!!!!  There is no other way to know.

I hope this information helps you.  I would love to be the REALTOR® to help you find you and your family your next home.  Are you aware that REALTOR® services are free for buyers?  That’s right, both ends of the transaction are paid for by the seller.  My help comes at no cost to you.

Contact me to save thousands on your next home.

Sincerely,

Jeanine

Edmonton Real Estate Market Reports for July 2016

Friday, July 15th, 2016

Edmonton Real Estate Market Reports for July 2016