Purrfect Properties Blog

Archive for the ‘Edmonton Real Estate Resource’ 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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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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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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How the Right Words Can Help Sell a Home.

Wednesday, April 26th, 2017

House and neighborhood characteristics can positively influence the sale of your home, but what about the words used in the listing? The right turn of phrase could help your property sell quickly, but choose less descriptive terms and you may find it on the market indefinitely. Write an effective listing with the following tips:

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Should you Buy a Fixer-Upper or a Move-In Ready Home?

Tuesday, April 18th, 2017

Shows like HGTV’s “Fixer Upper” have popularized the idea of buying and renovating the worst house on the best block. Homes that need major remodeling, however, aren’t for everyone. Sometimes a move-in ready house is a better option. Whether you’re a first-time homebuyer or a seasoned investor, it’s important to understand the pros and cons of each.

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Home Preparedness – Is Your Home Ready for a Natural Disaster?

Tuesday, March 28th, 2017

The American Red Cross Society is always offering up helpful information on what to do with your home in a state of emergency.  I find more useful information in prevention.  An ounce of prevention is worth a pound of cure.  While accidents happen, there is no better time than the present to start preparing your life for the just in case scenario. Whether you have just moved into a new home or are looking to reduce your risks in your current home, here are some tips to help make your investment money more safe.

Create fire escape plans and meeting places

child filing out fire escape plan Red Cross new home checklist

The official Red Cross tip is to have two ways out of your home and set two meeting places: outside your home (to connect after something like a fire) and outside your neighborhood if the area is blocked in an emergency.

My new house has three ways out on the first floor (I’m an overachiever) and an escape ladder stored upstairs in our bedroom.

Families should also think about what special circumstances your family may have, like pets or kids. For instance, if we’re stuck upstairs in a fire, it’s my job to grab the baby from the nursery while my husband quickly installs the ladder on our bedroom window.

Create your survival kit

My family used up our emergency water stores before we moved, so I’ve been buying one huge water jug with every grocery shopping trip and stockpiling them in the garage. This method is a welcome upgrade from tucking water gallons in the back corners of my kitchen cupboards or stuffing them beside my dryer. You get very creative living in a small apartment, my friend.

Check out the video above for some other ideas of items to collect, should your family face an emergency.

Identify your severe weather shelter

feet going down stairs Red Cross new home checklist

Living in apartments for most of my adult life, I’ve never had the luxury of a basement for shelter during severe weather. My new place has a small bathroom in the middle of the ground floor that we’ve agreed is the safest spot.

If you don’t have an underground shelter or basement, you should identify an interior spot (i.e. not right by an outside wall, away from windows) on the lowest floor of your home.

Update your app alert locations

Emergency App Location Monitoring Screenshots Red Cross new home checklist

 

If you have our Emergency App downloaded, update your severe weather alert preferences, including the locations you want to monitor and types of disasters. You can also see if your local emergency management professionals have local notification systems, like text message alerts, for additional safety updates in your area.

And if you download the app for the first time, here’s a handy guide to setting up those alerts.

Assess Your Fire Risks

child hand reaching for lighter Red Cross new home checklist

Finally, keep fire prevention in mind as you’re unpacking. For instance, keep flammable items at least three feet away from anything that gets hot, such as space heaters. Make sure wiring is not run under rugs. And although it may be tempting, avoid overloading outlets or extension cords. For easy reference, here’s an awesome list of things to check in your home as you’re setting up.

Upon moving into our new place, I noticed the smoke alarms throughout the house looked a bit dated, considering they were an impressive yellow color. The landlord couldn’t confirm how long they’d been there but assured us they were in working condition. Knowing smoke alarms have to be replaced every ten years, we went out and bought new smoke alarms and installed them ourselves. Expensive? Yes. Worth it? Totally.

Find a ton of more info on preventing home fires on the American Red Cross Website and an awesome collection of disaster prep info in our Emergency App

and the American Red Cross on January 26, 2017.

RECA Kicks Off Fraud Prevention Month by Urging Albertans to Dig Deeper

Wednesday, March 1st, 2017


Calgary, Alberta – As this year’s Fraud Prevention Month begins, the Real Estate Council of Alberta (RECA) is urging Albertans to dig deeper when a real estate or mortgage deal seems too good to be true.

As the licensing and regulatory body for Alberta’s 15,000 real estate, mortgage brokerage and real estate appraisal professionals, RECA’s mandate includes protecting against, investigating, detecting, and suppressing mortgage fraud. RECA has extensive information and resources for consumers that can help them avoid being targets.

“Consumers have the power to protect themselves from opportunistic fraudsters,” says Christine Zwozdesky, RECA Chair. “We encourage consumers to dig deeper for more information if something sounds too good to be true.”

  • having financial difficulty related to your mortgage? Someone offering you “an easy way out”? Find out if the person offering to help you is a licensed real estate or mortgage brokerage professional. “Search for an industry professional” at www.reca.ca
  • read contracts and other documents carefully. Make sure you understand what you’re signing; if you don’t, ask questions. If you don’t like the answers – look for help or information elsewhere
  • do a web search for the names of the individuals offering to help you out. If the person you’re dealing with has a history of fraud, their old victims have likely warned the world online

Zwozdesky adds, “Part of RECA’s mandate is consumer protection, and providing Albertans with credible, independent information about mortgage fraud prevention and awareness is one way we can do that.”

Do your research, ask questions, and most of all, make sure you’re working with a licensed mortgage or real estate professional. Their extensive knowledge, experience, and training can help you avoid scams.

Mortgage fraud awareness and prevention resources for consumers are available now on RECA’s website. RECA will be participating in Fraud Prevention Month activities throughout March.

The authority for a positive real estate experience

Why should You do business with a Remax® REALTOR®?

Tuesday, January 31st, 2017

RE/MAX® versus the Edmonton Real Estate Industry

RE/MAX® holds the number one position in Edmonton with 41.72% of all sales in Edmonton involving a REMAX® REALTOR®.

Will Christmas Decorating help you Sell for More Money?

Monday, December 19th, 2016

Dear Friends,

Are you selling over the Christmas holidays and looking for a way to increase your bottom line?  Christmas staging, mught just be the edge that you need to push past your competitors who are also selling.  I believe the trick has to do much more with how little Christmas staging you do rather than how much.

I like negative space,  we (in our home) even decorated our Christmas Tree using negative theme this year:Christmas Staging while selling your house

I think a Seller can get away with keeping decorations up during the holidays and the more emotion and feeling that your strike in your Buyer the better your chances are of selling.  Beautiful decorations have a beautiful feel and any stager would tell you, it’s in the details with your sale. Get them to feel like they are home in your house and you’ve pretty much made their top 5 list.  The following are some really great examples of homes that I think would sell for more money, using well spaced (negative) Christmas Decorations:

Christmas Staged Home 1

Christmas Staged Home ideas while selling

Note the added opulence feel thriugh the use of added fabrics, Champagne, crystal and warmth with both candles and fire.

Christmas Staged Home 2

Christmas Staged Home while selling

Note how the clean, cold lines of the room are contrasted by the gleaming floors and cozy burning fireplace.

Christmas Staged Home 3

Christmas Staged Home while selling

This is a beautiful example of Christmas in Contrast with an already elegant room.  Sparse decorations were needed, but the overall effect gives you a mossy glow of winter warmth,  Where’s the cranberries on a stick? lol

Christmas Staged Home 4

Christmas Staged Home while selling

Obviously, this one gets us in the feels.

Christmas Staged Home 5:

Christmas Staged Home while selling

We are a few days away from the holidays and closing the exciting year of 2016.  We hope you enjoy the holidays with your loved ones and take this time to be grateful for all the blessings we have received this year. And now for the reports:

Edmonton Real Estate Market Reports December 2016

*stats as of November 31, 2016

We are  continuing this years trend with an abundance of properties for sale, folks wanting to move, and 6.64 months of inventory in a Buyers Market. This November 1,825 new listings appeared for a total of 6,493 HOMES ON MARKET.  Last November (2015) we had 1,919 new listings come on the market and a total of 6,043 properties for sale.

This November 978 SOLD.  Last November (2015) a total of 1,162 homes sold in the Edmonton area. Compared to last year there are about 4.9% less listings to compete with.

The average SOLD price in the City of Edmonton is $373,174

Up 1.11% from last year and up 2.31% from last month.

0.64% of Homes in Edmonton Sell over the $1,000,000 Price Range.

Average Days on Market – 63 … last year 58

Odds of Selling -15.06% 978 out of 6,493 listed, down 21.48% from last year, down 19.98% from last month

Average Selling Price:

     Condo Apartment: $241,569

     Condo Townhouse: $353,818

     Single Family Dwelling: $440,496 and the

Home Sales by Price Range: 34.38% of homes sold in this price range of $300,000-$399,999.

20% of Homes sell in the price ranges on both ends of the first.

54 Years average of price increase for the City of Edmonton is 6.86%.

Prices have gone up for this year by 0.32%.

Want market information about listings in your area or a free market anaylsis for your home?  Sign up here.

As always, we are here to support you with whatever real estate concerns or needs you have.  Yoru referrals are always welcome and appreciated.

Merry Christmas,

Jeanine