Purrfect Properties Blog

Archive for the ‘Edmonton Real Estate Market’ Category

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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Just SOLD… how I love the sounds of that

Friday, November 24th, 2017
Californian Manor Condo in Edmonton - Just Sold

Californian Manor Condo in Edmonton – Just Sold

Just Reduced and the Price is Right!

Thursday, November 23rd, 2017

Just Reduced Condo for sale in the Aristocrat, Edmonton

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13515 75 Street – Delwood Bungalow Now for Sale!

Tuesday, August 1st, 2017
Posted by Jeanine B. Osborne on Tuesday, August 1st, 2017 at 10:45am.

Tucked Away on the Quiet Corner of the ave, this Upgraded Bungalow with Curb Appeal, Double Detached Heated Garage and Fenced Pie-Shaped Lot awaits its’ furever Family!

 

3+2 Bedrooms, in addition to a tastefully upgraded 4-Pc Bath on the main, second 3-Pc Bath on the lower level. Laundry is convenient with this front loading Washer and Dryer set. Cheerful Garden Beds, Close to Bus and Schools, Newer Siding and Shingles, 100 Amp Copper Electrical, Shed and Car Port too.

 

 

Quick Possession available. Fresh Paint, Updated Hardware, Lots of updates in this 1966 Home. Large Lot, back lane, fully landscaped, tall trees.

Photos, Virtual Tour and RMS coming soon!

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Is the Real Estate Market finally picking up speed in June?

Thursday, June 15th, 2017

EDMONTON HOME SALES REPORT for June 2017

The sun is out, the clouds are gone and summer is finally upon us, a much needed reprieve from winter! Check out our guide for the hottest, most upbeat summertime events that you can’t miss. Check out recent developments in our local real estate market and the latest market reports. As always I am at your call, to help. If you or your clients are looking to buy or sell real estate, please keep me in mind.  Your referral is the best compliment I can receive.

Last May (2016) we had 3,195 new listings come on the market and a total of 8,018 properties for sale.  This May 3,677 new listings appeared for a total of 8,385 homes on market. This is continuing last years trend with an abundance of properties for sale, and 4.53 months of inventory in a Buyers Market.

Last May (2016) a total of 1,906 homes sold in the Edmonton area.  This May 1,853 SOLD.  About the same number of sales.

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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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6 Ways Real Estate Agents Add Value to a Home Sale

Tuesday, May 2nd, 2017
6-ways-a-realtor-adds-vale-to-a-home-sale-in-edmonton_640

6-ways-a-realtor-adds-vale-to-a-home-sale-in-edmonton

Just because you can buy and sell property on your own, it doesn’t mean you should. Real estate agents remain essential when making these pivotal financial transactions.

There are many ways agents add value during the purchase or sale of a home:

  • Handle the technical nuances — Whether you’re the buyer or the seller, a home sale includes a dizzying amount of paperwork. Skilled agents know how to fill out what documents and when, saving you time and helping you avoid mistakes.
  • Speak the lingo — The industry uses an astonishing number of acronyms. Working with a real estate agent gives you the opportunity to better understand the conversation.

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