Purrfect Properties Blog

Archive for the ‘Canadian Real Estate Market’ Category

5715 201 Street Just SOLD in Edmonton

Sunday, July 15th, 2018
Just Sold 5715 201 Street in Edmonton

Just Sold 5715 201 Street in Edmonton

 

Listed at the right price, staged to sell, great marketing, instant upload, fair negotiations, pleasant conversation and an available REALTOR® all add up together to SOLD in 11 Days!

July 2018 – Edmonton Real Estate Market Stats

Monday, July 2nd, 2018
July 2018 Edmonton Real Estate Market Reports

July 2018 Edmonton Real Estate Market Reports

*Stats as of June 30, 2018

Here we are in the full swing of summer and we can tell by the number of listing son the market, that folks are trying to change homes entirely, rather than resorting to renovations on an older home.  We see this a lot in real estate, gone are the days when Home Owners held onto their homes for 20 or 30 years.  The new normal is that homes have a large percentage of change-over in three years, that’s it, just three years. This year, is no different than the last few that I have been a REALTOR® for.  Inventory is up, period.  Lots of homes on the market, period.  If you want to be a part of the 16% of homes that sell, price your homes correctly for sale.  If you don’t want to be on market again next year, crunch those numbers.  It is an absolute must, if you must move.

Now, for the market reports:

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Edmonton: Saving the Commissions could Cost You Thousands!

Monday, May 28th, 2018
Saving the Commissions could cost you thousands

Saving the Commissions could cost you thousands

What is the largest single advantage of trying to sell your home yourself?

Saving the commissions payable.  So what is the single greatest advantage of buying a home directly from a seller or for sale by owner?  Saving the commission again. So everyone wants to save on the commissions, but who has the advantage in Edmonton- a Buyer or a Seller? Only 15% of homes currently on the market will sell within the first 90 days in Edmonton.  So clearly, a buyers market.  That being said, is the advantage on the sellers side with only one property to sell, or on the buyers side with multiple properties they could buy and the money to do so?

That’s right, the Buyer has the power.

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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

Remax #YEG Market Share – 2017 Year Totals

Sunday, April 1st, 2018
Remax #YEG Market Share - 2017 Year Totals

Remax #YEG Market Share – 2017 Year Totals

Wondering who you should list or buy your home with?  I hope this chart helps you to make an informed decision.  Do the numbers show a good return on your investment as the Seller or Buyer?  Will you have an experienced Agent?

RE/MAX – 975 Members – 43.75% Total Market Share

Royal Lepage – 346 Members – 10.71% Market Share

Realty Executives – 111 Members – 9.22% Market Share

Century 21 – 317 Members – 7.65% Market Share

Maxwell Realty – 496 Members – 5.54% Market Share

Homes & Garden – 224 Members – 1.98% Market Share

Comfree – 14 Members – 1.97% Market Share

Now Real Estate – 106 Members – 1.72% Market Share

2% Realty – 23 Members – 1.35% Market Share

Coldwell Banker – 40 Members 1.29% Market Share

 

Whether buying or selling your home, you have several decisions to make.

Should you work with a REALTOR®? Which real estate company will provide the best value? Which REALTOR® within that company will be best suited to help you through the process?

We reached out to the RE/MAX Influencers: A panel consisting of RE/MAX Sales Associates from throughout Canada. We asked them: Why should a consumer work with RE/MAX when he/she has so many options out there?

The Brand

Chances are, you would have a hard time finding someone who has never heard of “RE/MAX.” With 100,000 Sales Associates in nearly 100 countries worldwide, the RE/MAX name—along with the iconic balloon—represents a professional organization that has become an industry leader.

RE/MAX also advertises through many mediums, including: Television, print, online and physical signs such as NHL rink boards. This high level of exposure will go to work for you when listing your property. Many RE/MAX Sales Associates are also affiliated with the Children’s Miracle Network; therefore, the sale of a RE/MAX Miracle Home will help support your local children’s hospital. According to ComScore, RE/MAX Canada also leads other real estate brands with its significant traffic to remax.ca.

“In an uncertain market, consumers become less speculative. Instead, they rely on proven brands to reinforce their efforts to manage one of their most important investments. They rely on the experience and expertise that has made RE/MAX one of the most recognizable brands in the real estate world.”

Sales Associates

RE/MAX Sales Associates have the experience to get the job done in today’s market.

The vast majority of our membership are full-time agents who are experts in their local communities. They work hard and are committed to help their clients through the home buying or selling process. *RE/MAX agents sell more real estate than any other Canadian brand.

“RE/MAX is often a collection of the top REALTORS® in any given marketplace. RE/MAX also has an international network: This type of network could be where the buyer of my client’s home comes from.”

Training and Support

RE/MAX supports all of its Sales Associates with comprehensive training and ongoing support.

Our affiliates are highly skilled and educated, and they have the latest tools and technology at their fingertips. They are motivated to put this knowledge and experience to work for you!

*Source: MMR Strategy Group study to RE Buyers & Sellers

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 Real Estate Market Reports for November 2017

Friday, November 24th, 2017
YEG Edmonton Real Estate Market Reports for November 2017

YEG Edmonton Real Estate Market Reports for November 2017

Hi Folks,

Welcome Back. I know I have a little bit of catching up to do with regards to my blog and website, so here are those market stats you were looking for. The next reports soon to be released.

Inventory: October finished with another full inventory month here in Edmonton with 5.74 months of inventory for active buyers to choose from.

Total number of homes available to buy in Edmonton: 7,691.

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