Purrfect Properties Blog

Archive for the ‘Alberta Real Estate’ Category

April 2018 – #YEG Real Estate Market Reports

Friday, April 6th, 2018
YEG Real Estate Market Report - April 2018

YEG Real Estate Market Report – April 2018

The Residential selling price in Edmonton has creeped up over the years, this month sitting at $374,264 a 0.77% increase year over year and down 0.03% from last month.  The market is warming up, just like the outdoors.

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Doing our Part for the Community

Monday, April 2nd, 2018
Remax and the Stollery Childrens Hospital

Remax and the Stollery Childrens Hospital

The Stollery Children’s Hospital Foundation is a proud member of Children’s Miracle Network. This is a non-profit organization dedicated to saving and improving the lives of children in local communities. It raises funds for more than 170 children’s hospitals, 14 of which are in Canada.
The Foundation’s relationship with Children’s Miracle Network brings with it many special partnerships with national corporate partners, who make a big difference in the lives of children each year through their fundraising efforts.
When you see the Children’s Miracle Network balloon symbol in Edmonton and northern Alberta, that event or activity is raising funds for the Stollery Children’s Hospital.  We hope you’ll support these programs and help us to send more children home each year.

How Does a REALTOR® know it is Spring?

Monday, April 2nd, 2018
How does a REALTOR® know it's Spring?

How does a REALTOR® know it’s Spring?

Her last three deals were all #multipleoffers … lol #yegre #remaxhustle #realtorlife

9746 – 72 Avenue – Listed and Sold in just 48 hours!

Wednesday, March 21st, 2018

Ritchie – Edmonton

just listed in Edmonton, Purrfect Properties, Re/Max Real Estate

9746 72 Avenue – Just listed and sold for $20,000 over list price in 48 hours

YEG Real Estate Market Reports – March 2018

Tuesday, March 20th, 2018

Hi folks,

Thanks for popping by again.  There has been a few glitches int he system lately and I haven’t been able to post, so getting back to your regularly scheduled program here, let’s start with the Market Stats for Edmonton, ending February 28, 2018.

Edmonton Real Estate Market Rerports

Edmonton Real Estate Market Reports – March 2018

The Residential average is creeping up. $374,469 a 3.5% increase year over year and a 3.99% increase from last month.  The market is warming up, just like spring.

Residential single family dwellings have increased 3.85% since last year and 4.07% over last month.

Condo dwellings, not such good news for us, but it could be worse, year to year we have dropped 0.04% to $235,694.

Rowhouses and Duplexes are sitting at an average of $365,537 down 0.26% from last year and down 0.30% from last month.

Highest sales for February?

Single Family – $1,620,192 Condos – $900,000 Duplex/Rowhouse – $675,000

Average days on market?

Single Family: 64 Days, same as last year

Condos: 76 Days, creeping up from last year

Duplex/Rowhouse: 65 Days, creeping up from last year

Quantity of New Listings?

1,904 new listings for a total of 5,038 listings on market

Sales in February?

778 sales – which shows 6.48 Months of inventory on market.

Price your homes right.  It will matter.

YEG-Real Estate Market Reports-January-2018

Tuesday, January 23rd, 2018

Dear Friends,

I hope you are feeling refreshed, revived and ready to face 2018.  January is full of resolutions and promises but don’t be too hard on yourself.  Make time to pamper yourself between all the commitments.  This month there are some tricks for creating the perfect relaxation space right at home. Should you wish to get out of the house, look no further than our list of events happening around Edmonton this month.  To keep you up to date in the world of Real Estate, included are the latest market reports to make sure you didn’t miss anything during the holiday crunch.

And now for this months report:

YEG-Real Estate Market Reports-January-2018

YEG-Real Estate Market Reports-January-2018

 

Inventory: December finished with another full inventory and buyers market month here in Edmonton with 6.30 months of inventory for active buyers to choose from.

Total number of homes available to buy in the Greater Edmonton area: 5,736

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Caution: Selling in Winter can be tricky, YEG!

Friday, December 29th, 2017
YEG-Real Estate Market Reports-December 2017

YEG-Real Estate Market Reports-December 2017

Hi Folks,

The holiday season is upon us with lots of cheer and time with loved ones to brighten up the winter time. December always seems to be such a busy time for having guests over and sometimes those visits can lead to a lot of stress. We are pleased to keep you updated on the latest real estate trends and market reports as well as activities for your visiting guests. From entertaining your guests to finding your dream home, it’s my pleasure to help you. Please keep in touch.

With the onset of the winter season, we start to see the seasonal drop off of listings and sales…

Inventory: November finished with another full inventory month here in Edmonton with 6.02 months of inventory for active buyers to choose from.

Total number of homes available to buy in the Greater Edmonton area: 7,030.

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2018 RE/MAX Housing Market Outlook for Canada

Thursday, December 28th, 2017


Summary:
*48% of potential homebuyers plan to purchase in the next 5 years
*Condo demand and prices spikes in Greater Toronto and Vancouver in 2017 while single family home sales and prices dropped in both of these markets
*More lateral move buyers left large urban centers in favour of lower prices and more amenities resulting in substantial price growth particularly outside of Toronto and Vancouver
*Edmonton and Calgary saw stabilizing oil prices boost housing demand and prices

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Is this another Ugly and Costly condo trend?

Monday, December 4th, 2017

Reprinted From the Alberta Condo Network Newsletter

Alberta Condo Network - Redacted Condo Documents and the Costly Trend

Alberta Condo Network – Redacted Condo Documents and the Costly Trend

Here’s ANOTHER UGLY and POTENTIALLY COSTLY condo trend?
We’re hearing of condo boards, managers, lawyers, and other condo industry insiders, arbitrarily, at will, with no permission from condo owners, or approval from anyone to do so, selectively and subjectively “REDACTING” (fancy word for removing, eliminating, doctoring, sanitizing, not disclosing) information related to: events, issues, actions, and decisions made by condo boards as they represent our condo corporations which are our homes.

This redacting often takes place on condo board meeting minutes or AGM minutes although it is not limited to those documents. The rationale used for “doctoring” or sanitizing documents is that disclosing certain information might violate the Privacy Act or information that is “legal”. That rationale, on something this serious for condo owners, is nonsense because there is a way to describe sensitive issues if the political and industry will was there to do it!

This redacting trend could be particularly damaging to both NEW and EXISTING condo owners because it could cause significant legal and financial grief. Here’s what could happen…
Consider that the purpose of recording minutes, of any kind, for any entity, is to capture a TRUTHFUL and COMPLETE HISTORY OF THE ENTITY: in our case, A TRUTHFUL AND COMPLETE recording of events, issues, actions and decisions made by our condo boards on behalf of our condo corporation/our homes.
Wouldn’t you want to know if your condo board (among MANY other things):

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Edmonton: How To Bounce Back After a Real Estate Crisis

Thursday, May 4th, 2017

YOURS TRULY and Edmonton, were just featured in an interview by Point2Homes.com. Check out the  interview and what we discussed.

If you’re looking to buy real estate, we advise you to sit down with a passionate agent, for a long talk. The information and perspective you’ll learn is simply invaluable. We did just that, with expert agent Jeanine Osborne (and her gorgeous cat). Read her excellent insights into the Edmonton real estate market, from condominiums to foreclosures, and everything in between.

Expert agent Jeanine Osborne talks Edmonton real estate.

Tell us a few words about your job as a real estate professional? What do you love most about your job?

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