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Posts Tagged ‘Cats Meow at Remax’

Edmonton Real Estate Market Reports for October 2016

Thursday, October 27th, 2016

Edmonton Real Estate Market Reports for October 2016

Autumn is upon us which means that winter is soon coming.  Let’s enjoy these last few weeks of harvest and pumpkins, hot apple cider and cinnamon.  As you prepare for Halloween festivites, don’t forget to start winter-proofing your home.

Don’t forget to mention us to anyone who needs real estate help.  We are here and we love your referrals.

EDMONTON MARKET REPORT for October

*stats as of September 30, 2016

Last September (2015) we had 2,747 new listings come on the market and a total of 7,108 properties for sale.  This September 2,739 new listings appeared for a total of 7,857 homes on market. This is continuing last years trend with an abundance of properties for sale, and folks looking to move around at 5.87 months of inventory.

Last September (2015) a total of 1,543 homes sold in the Edmonton area.  This September 1,339 SOLD.  About the same number of sales.

Average Days on Market – 57, last year we were at 54 days, a decrease of 5.26%

Odds of Selling – 1,339 out of 7,857 listed, down 21.28% from last year, down 11.92% from last month

Average Selling Price:

     Condo Apartment: $251,365

     Condo Townhouse: $360,338

     Single Family Dwelling: $430,461and the

Average selling price in the City of Edmonton is $373,926, up 1.53% from last year and up 1.20% from last month.

Home Sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this year 34.27% of homes have sold in this price range. Second position goes to the $400,000-$499,999 price range at 20.59%.  Third place is the $200,000-$299,999 and 20.36%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

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

Prices have gone up for this year by 0.59%. A small reduction in the high end luxury market in Edmonton, in comparison to what is going on in the rest of our province.

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

To download your full copy of this report – click here.

The Spotlight is on Fall as Edmontons listings’ are Reduced.

Monday, September 26th, 2016

Edmonton Real Estate Market Reports for September 2016

School is in and as the kids focus on their studies, the business world wakes up and the Real Estate market resumes back after the last of summer holidays.  That is the serious folks anyways.  Now is the time where we start to see the listings drop off and the less motivated sellers exit the market.  If you’ve been thinking of selling, now is a great time to get into the market.  Interest rates are the lowest they’ve been and that makes for some interesting shifts in housing. We’ll help you get there. Join our monthly mailing list, send us a quick hello or give us a call and ask your questions.  We’d love to help you.

Don’t forget to mention anyone who needs real estate help.  We are here and we love your referrals.

Judge for yourself, don’t listen to the news!

Last August (2015) we had 2,930 new listings come on the market and a total of 7,227 properties for sale.  This August  2,747 new listings appeared for a total of 7,908 on market. This is continuing last years trend with an abundance of properties for sale, and folks looking to move around at 5.52 months of inventory.

Last August (2015) a total of 1,555 homes sold in the Edmonton area.  This August 1,433 sold.  About the same number of sales.

Average Days on Market – 55, the same as last year, up 1.8% from last month which had 56 DOM

Odds of Selling – 1,433 out of 7,908 listed, down 15.57% from last year, down 11.83% from last month

Average Selling Price:

     Condo Apartment: $251,526, down 3.41% from last month anddown 1.12% from last year.

     Condo Townhouse: $344,337, down 2.02% from last year and 0.36% less than last month.

     Single Family Dwelling: $434,362, down 0.80% from last year and down 3.21% from last month and the

Average selling price in the City of Edmonton is $369,956, down 0.05% from last year and down 3.62% last month.

Home Sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this year 34.03% of homes have sold in this price range. Second position goes to the $400,000-$499,999 price range at 20.82%.  Third place is the $200,000-$299,999 and 20.62%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

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

Prices have gone up for this year by 0.62%. A small reduction in the high end luxury market in Edmonton, in comparison to what is going on in the rest of our province.

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

To download your full copy of this report – click here.

Cheers and chat soon,  Jeanine

School is around the corner but did YEGRE fail the grade?

Wednesday, August 24th, 2016

Edmonton Real Estate Market Reports for August 2016

School is right around the corner and with that, comes the end of the push for Edmonton families to get into their new homes by the start of the school year.  The last little bit of holidays and vacations are coming to a close, but is the Edmonton Real Estate market fading?  No, not so much. lol. If you watch the news, local or national you will get some supporting stories and some contradictory stories, but in the end, they are all stories.  Thoughts coming out of someone elses’ imaginations, studies, education and opinions.  However, there’s one thing you can’t change and that’s the facts.  Is Edmonton doing as poorly as they say it is?

Judge for yourself!

If you, your friends or family are looking to buy or sell Real Estate, please refer them to me.  Your referral is the best compliment I can receive.

Last July (2015) we had 2,895 new listings come on the market and a total of 7,226 properties for sale.  This is continuing last years trend with an abundance of properties for sale, at 5.31 months of inventory.

Last July (2015) a total of 1,889 homes sold in the Edmonton area.  This February 1,515 sold.  About the same number of sales.

Average Days on Market – 56, down 8.9% from last year, down 5.4% from last month

Odds of Selling – 1,515 out of 8,048 listed, down 29.14% from last year, down 18.82% from last month

Average Selling Price:

     Condo Apartment: $257,482, down 1.91% from last month and up 0.5% from last year.

     Condo Townhouse: $348,050, down 1.39% from last year and 2.29% less than last month.

     Single Family Dwelling: $450,366, up 3.07% from last year and up 3.51% from last month and the

     Average selling price in the City of Edmonton is $384,504, up 3.33% from last year and up 188% from last month.

Home Sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this year 34.17% of homes have sold in this price range. Second position goes to the $400,000-$499,999 price range at 21.10%.  Third place is the $200,000-$299,999 and 20.36%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

53 Years average of price increase for the City of Edmonton is 6.87%.

Prices have gone up for this year by 0.77%. Give it a few months and I predict we will see the same prices as last year, with a small reduction in the high end luxury market in Edmonton

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

To download your full copy of this report – click here.

Cheers and chat soon,  Jeanine

Edmonton Real Estate Market Reports for July 2016

Friday, July 15th, 2016

Edmonton Real Estate Market Reports for July 2016

Edmonton Real Estate Trends point to the Cool of the Season – November 2015

Tuesday, November 10th, 2015

Hi there Folks,

As we gather with our loved ones at Remembrance Day, Canadians are reminded of the sacrifices our courageous men and women made for the entire country and our people.  Our thoughts turn to protection of our fathers, brothers, sisters and mothers and we are reminded that life whispers to us to live it in freedom, to live with introspection and to protect those around us.  We are reminded of the months ahead, of the changes that are necessary to make now to get us safely through the winter without harm.  The grass crunches underfoot with the morning frost, the last of the leaves gently fall and we are reminded to source out our winter tires.  Just as the cool of the season keep dropping, so do the number of listings and we are left in a calm and stable market here in Edmonton.

If you, your friends or family are looking to buy or sell real estate, please keep me in mind.  Your referral is the best compliment I can receive.  Check out what is going on in the Edmonton Real Estate Market through the following indicators:

Inventory: October finished with less listings and we definitely had the room for less.  6,641 homes were for sale throughout our Greater Edmonton Market Area. 2,272 properties were newly listed for Sale in October of 2015, with 18.2% less new listings than the previous month.  There are 10.6% more homes listed for sale in Edmonton this year than last               

Total sales for October 2015: 1,199 or 18%.

Days on Market:  The average being 57 Days on Market, here in Edmonton, same dom’s as the previous month and up a few days from 51 dom’s the previous year. Compared to September, homes are selling 10% slower and 7.0% more slow than the previous year.

Odds of Selling: You have a less than 1 in 5 chance of selling your home in the next 30 days. Your chances of selling have decreased by 45.9% from last year and 16.8% less from last month.  Be careful with your offers, negotiations work best in these kind of markets.

Average Selling Price: Condo: $244,225 Townhouse: $359,130, Single Family Dwelling: $438,935 and the average selling price across the City of Edmonton is $371,756. The average cost for houses increased, while condo and Townhouses dropped by about $5,000.

Home sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this month 34.01% of homes sold in this price range. Second position goes to the $400,000-$499,999 price range at 20.83%.  Third place is the $200,000-$299,999 and 20.02%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

54 Years average of price increase for the City of Edmonton is 6.99%.

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.41%. Prices are up by 1.72% this year.

780 916 9739  … Now that’s the Cats’ Meow

 

Thanks for stopping by!

What Happens to the Edmonton Real Estate Market in Fall?

Friday, October 9th, 2015

Hi Folks,

The leaves are turning such beautiful colors these days.  In particular every time I cross the river and am able to look out over the River Valley, I can’t help but think of the beauty of the season in Edmonton.  The leaves aren’t the only things that change in the Fall season.  Real Estate has its’ own changes for this time of year.  This time brings a drop off in the number of listings.  Those people that weren’t truly committed to their own purchase or sale this year, start to drop off with the leaves, and we are left with those that want to buy and sell and change their personal circumstances; mostly starting with their address.

Check out what’s going on in the Edmonton Real Estate Market in October of 2015, through these Market indicators below:

Inventory: September finished with a lot of listings.  In fact 7,108 homes were for sale throughout our Greater Edmonton Market Area. 2,777 properties were newly listed for Sale in September of 2015, with 5% less new listings than the previous month.  We’re still topping the charts with 26.7% more homes listed for sale in Edmonton this year than last.                

Total sales for September 2015: 1,462 or 21%.

Days on Market:  The average being 53 Days on Market, here in Edmonton, a day down from 54 dom’s the previous month and 49 dom’s the previous year. Compared to August, homes are selling 1.9% faster and 7.5% more slow than the previous year.

Odds of Selling: You still have a 1 in 5 chance of selling your home in the next 30 days. IYour chances of selling have decreased by 40% from last year and 4.85% less from last month.  Be careful with your offers, negotiations work best in these kind of markets.

Average Selling Price: Condo: $252,953 Townhouse: $364,203, Single Family Dwelling: $432,150 and the average selling price across the City of Edmonton is $368,874.

Home sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this month 34.07% of homes sold in this price range. Second position goes to the $400,000-$499,999 price range at 20.98%.  Third place is the $200,000-$299,999 and 19.96%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

54 Years average of price increase for the City of Edmonton is 6.99%.

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.41%. Prices are up by 1.75% this year.

If you, your friends or family are thinking of moving, please keep me in mind, your referral is the best compliment I can recieve.

780 916 9739  … Now that’s the Cats’ Meow

Edmonton Sellers see Limited Results in August due to a Full House.

Sunday, September 13th, 2015

Hi Folks,

With summer fast becoming a distant memory, and as the leaves begin to change, autumn tends to be a season of transition. At 4.93 Months of inventory, we’re still in a Buyers market here in Edmonton. If you are thinking about making the transition from your current home to the next, check out some of the valuable information included here so you can make a wise decision for your future.

Inventory: August finished with another full inventory month here in Edmonton. 2,926 properties were newly listed for Sale in August 2015, with only 6% less new listings than the previous month.  Yet, there is 25.9% more homes listed for sale in Edmonton this year than last. That’s the kicker, 25% more properties have flooded the real estate market in Edmonton.

Total number of homes available to buy in Edmonton: 7,227                     

Total sales for September 2015: 1,465.

Days on Market: Compared to July of 2015, homes are selling 7.4% slower and 9.3% more slow than the previous year. The average being 54 Days on Market, here in Edmonton, up from 50 dom’s the previous month and 49 dom’s the previous year.

Odds of Selling: You basically have a 1 in 5 chance of selling your home in the next 30 days. In fact, you have a 20.27% chance of selling, especially if you are already listed for sale. lol. Your chances of selling have decreased by 36% over last year and 24% from last month.  Not the best news.

Average Selling Price: Condo: $254,672 Townhouse: $354,409, Single Family Dwelling: $439,828 and the average selling price across the City of Edmonton is $372,256.

Home sales by Price Range: The highest percentage of properties are selling in the $300,000-$399,999 price range at 33.83%. Second position goes to the $400,000-$499,999 price range at 21.24%.  Third place is the $200,000-$299,999 and 19.96%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

54 Years average of price increase for the City of Edmonton is 6.99%.

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.41%. Prices are up by 1.96% this year.

If you, your friends or family are thinking of moving, please keep me in mind, your referral is the best compliment I can recieve.

780 916 9739  … Now that’s the Cats’ Meow

Effortless Real Estate

Thursday, July 30th, 2015

Effortless Real Estate in Edmonton

Jeanine made my transition from Calgary to St Albert feel effortless. She went over and above what she needed to do for me. Jeanine is extremely knowledgeable and is very prompt when questions are asked. I recommend her services to anyone looking to purchase or sell their property.

Bradley Scott
St Albert AB.

The 10 Big Fictional Clients that I Didn’t Have to Help!

Thursday, July 23rd, 2015

We’re just coming out of our May long weekend, and this particular tuesday calls for some real estate humor.  So here are the 10 Big Fictional clients that I didn’t have to help.

1. Snow White

 

Are you kidding me?  8 Bedrooms?  There is only one home on MLS in Edmonton that has 8 bedrooms, and being a 1912 home, it is older than you are Snow.  Like the picture shows, you’re going to need a castle snow, and they just don’t make that style of home here in Edmonton.

2. Captain Hook

 

Hook, this is Alberta and we’re land locked all around here.  Yes the draft on your ship is not so big at 48 inches, but 110 feet?  Come on.  There’s no way that you can sail that thing here.  I’ve got an idea, why don’t you let me contact one of our Remax Referral agents on the West Coast.  Sailing in the Pacific Northwest is fantastic this time of year!

3. Elsa of Arendelle

 

Yes, yes, it snows here a lot Elsa, but not enough obviously.  It’s hard enough to get clients out of their home for a showing for an hour, nevermind a day so the house can thaw! On top of that I have to get to each home 30 minutes early so I can turn up the heat, making sure the pipes don’t freeze.  Talk about extended showings.  Elsa, can I interest you in a trip further north?

4. Morticia Adams

 

No Morticia, there’s no way that I can search MLS with a restriction of “death in the home.” That’s not a really popular search. Yes, there are reports of haunted places in Edmonton, but none of them are for sale.  Truth be told, I’m not so sure I want to enter those houses anyways.  Tell you what, you go first, and no, I’m not going into the basement or the attic.

5. Catwoman

 

Yes, yes, I know, you like to sleep during the day, so you can only look at night.  You need big windows letting the sun in and a really quiet neighbourhood.  Ten o’clock is too late to do showings, especially for the homes with kids in them.  You want tall trees and lots of birds… I’ll do what I can.

6. Regina Mills from “Once Upon a Time”

 

First you need a castle, then you need a Georgian styled home.  Really Regina, make up your mind. There’s got to be some fable named streets in this city, but I haven’t found any as of yet.  Perhaps you could use some of your magic to re-write our maps and street signs.  For now, I’ll keep looking for a builder who can make you that Georgian inspired house.

7. Trinity

 

Seriously Trinity, every time I find the purrfect house, you dissapear.  Not to mention that, but you have the strangest ringtone I’ve ever heard.  There one minute and gone the next.  If the house is that bad, just tell me, don’t sneak out the window.

 8. Oda Mae Brown

 

Okay, now, this is starting to get creepy.  I’ve dealt with a lot of people that want to talk it over with their spouse when they get home, but who is this “Sam” guy you keep talking to?  If you aren’t diggin a house, or the feeling in a house, we’ll move onto the next one, just stop saying Sam doesn’t like it, please.

9. Dora the Explorer

 

I know you can read a map and get to the showing on time, that’s great.  Do you really have to open up every door and drawer in the house?  Some of that stuff is private you know.  No, I don’t want to know what’s in that drawer.  No, don’t open their fridge…

10. Buffy The Vampire Slayer

 

Buffy, you can’t bring your weapons with you to showings, the truth is, they freak me out.  Leave the crossbows, knives, stakes and weapons of all sorts in the car.  Don’t you think we can just lock the doors when we go into each house?  Especially if it’s still daylight outside.  No I will not take you to showings after dark, you’re S.O.L.

Do you Know what these Common Real Estate Terms mean?

Monday, April 28th, 2014

Navigating the process of buying or selling a home can be a little overwhelming to some people. Having a Realtor to guide you through the process helps to make the process much easier. Even with the help of a Realtor you may still be lost in some of the terms used when it comes to talking about real estate. Lets take a look at some of the more common terms used in real estate, and help to clear up some of the confusion.

AGENCY A relationship which arises out of a contract, where an agent is authorized by a client to engage in certain acts, usually in dealing with one or more third party(s).

APPRAISED VALUE An estimate of property value written by a qualified individual. Appraisals performed for mortgage lending purposes, may not reflect the market value of the property, or the purchase price.

ASSESSED VALUE An amount assigned to taxable property, for the purpose of equalizing the burden of taxation.

CMHC The Canada Mortgage and Housing Corporation a Canadian Crown Corporation which administers the National Housing Act. CMHC services include the insuring of high ratio mortgage loans for lenders.

CONDOMINIUM The ownership of a separate amount of space in a multiple dwelling or other multiple-ownership of common elements used jointly with other owners.

CO-OPERATIVE The ownership of a separate amount of space in a multiple dwelling or multiple-occupancy building with proportioned tenancy in common ownership of common elements. Used jointly with other owners, however, the owner does not have clear title to a specific unit, but becomes a shareholder of the corporation which owns all the property and occupies by way of a tenancy agreement subject to shareholders agreement administered by an elected board of directors.

HALF DUPLEX Refers to a structure used for residential purposes and consisting of two living units with a common wall.

DUPLEX SIDE BY SIDE Refers to the entire structure of a duplex unit, consisting of both living units

ENCROACHMENT The act of building a structure which is in whole or in part on a neighbor’s property.

EQUITY The value of real estate over and above the mortgage(s) against it.

FREEHOLD The ownership of a tract of land on which the building(s) are located. The oldest and most common typed of ownership of real estate.

LEASEHOLD A type of interest in a property that is certain only for a specified period of time granted by contract.

LEGAL DESCRIPTION A written description by which property can be definitely located, and which is acceptable for registration in a land registry system.

LIEN A legal claim against a property for money owed.

MORTGAGE The legal pledge of real estate as security for a loan.

MORTGAGE BROKER A person who originates real estate loans and allocates mortgage funds. These funds are placed on behalf of others, through negotiation of lenders and borrowers for the best possible arrangement and satisfaction of all concerned.

OFFER TO PURCHASE A written proposal to purchase real estate that becomes binding upon acceptance of the vendor

PROPERTY Refers to the rights which an individual enjoys by virtue of his/her ownership.

REALTOR A real estate broker holding active membership in a local real estate board.

TERM The length of time which a mortgage agreement covers. Payments made may not repay the outstanding principal by the end of the term because of a longer amortization period.

TOWNHOUSE/TOWNHOME A style of housing unit generally built in a vertical as opposed to horizontal plane, sharing one or more common wall.

VENDOR A seller of real property.

ZONING The public regulation of the character and intensity of the use of real estate. This is accomplished by the establishment of districts in each of which uniform holding restrictions related to use, height, are, bulk, and density of population are imposed upon the private property.

Well this short list may not teach you all the terms you will need on your purchase or sale of your home, it should help to educate you on some of the aspects of the real estate process. If you feel yourself getting lost in terms like the ones listed above it may be time to ask for the help of a professional Realtor, to asset you in navigating this sometimes tricky language. Realtors have the knowledge and resources to maximize your time and limit your hassles. Should you need more help with your property search please let this Realtor help you to navigate the enjoyable process of buying or selling your next home.

And Thats The Cats’ Meow