Purrfect Properties Blog

Posts Tagged ‘Jeanine Boutet Osborne’

Edmonton Listings continue to Surge, Bargain Sales now Timely.

Thursday, January 14th, 2016

Hi Folks,

Welcome back from holidays! Did you create some resolutions for yourself?  Each year, throughout the holidays I take the time to write down my goals for the upcoming year.  They generally alwas include some sort of exercise, and mental conditioning as well. For the first time in my history; I am actually considering a new type of resolution; to love myself just as I am, no changes.  Wouldn’t that be the Cats’ Meow?  To love yourself, exactly the way you are.  Consider it, I know I am.  While some folks are considering what kind of goals or resolutions they wish to set for themselves, others are moving confidently in the direction of their dreams.  A lot of Edmontonians were looking to change homes in 2015 and the trend is set to continue in 2016.

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; other than the Miss Universe crown. lol

And now the stats:

Last December (2014) we had 3,059 listings for sale.  December of 2015 ended with a total of 5,088 properties for sale in the Greater Edmonton area.  Far too many properties than what is being bought up and the result is a Buyers Market.  This is the strongest buyers market that I have seen in a few years, at 7.14 months of inventory. Last month we only had 5.47 months of inventory and it was still a Buyers Market.

Last December (2014) a total of 1,165 homes sold in the Edmonton area.  This December 713 sold.  About the same number of sales.

Last November (2014) a total of 1,416 new listings came on the market, this year 1,914 new listings arrived.  Compared to last year there are 35% more new listings, and I predict new listings are going to keep high in numbers all through 2016.

Average Days on Market – 62, down 11.3% from last year

Odds of Selling – 713 out of 5,088 listed, down 46.49% from last year

Average Selling Price:

Condo: $248,956, down 2.2% from last month and up 1.5% from last year.

Townhouse: $374,217, up 5.3% from last year and 10.7% more than last month.

Single Family Dwelling: $424,629, down 1.2% from last year and 1.2% from last month and the

Average selling price in the City of Edmonton is $366,221, up 2.3% from last year and down 2.2% 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 34.15% of homes have sold in this price range. Second position goes to the $400,000-$499,999 price range at 20.53%.  Third place is the $200,000-$299,999 and 20.28%. 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 6.98%.

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.40%. Prices are up by 1.49% this year.

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

Cheers,  Jeanine

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!

Did Edmontons’ Sellers see Better or Worse Results in June?

Thursday, July 23rd, 2015

Hi Folks, it is great to see you here again!  I’m happy to announce we’ve just adjusted to a temperate real estate market, balanced between buyers and sellers. Congrats Edmonton!

Inventory: June saw an interesting turn in the Real Estate Market here in Edmonton and we are smack dab in the middle of a balanced real estate market.  Just enough choices, for just enough people!  The number of listings has decreased and the number of purchasing buyers has increased, closing the time it will take to get through all the inventory out there. Dropping from 3.68 months of inventory, we’ve hit 3.57 months of availability.  Total number of homes available to buy in Edmonton: 7,177, total sales: 2,008.

Days on Market: We’re seeing more inventory come on the market than we did last year at this time, and at the same time, less than last month. Last year had 2,965 new listings added to the inventory and this June saw a bit of an increase to 3,192.  Last month saw 3,316 new listings added to inventory.  The increase in the number of listings from last year has resulted in just a few more days on market, increasing from 42 dom last year to 49 dom this year.

Odds of Selling: Here’s the big hitter, your odds of selling as compared to June of last year have decreased by 24%. This is mostly due to the fact that last hear, there was 2000 less properties available to buy in Edmonton.  That being said, the odds of selling have increased just a bit from last month and we’re sitting at 27.98%.  That’s almost a 1 in 3 chance of selling in the first 30 days. That’s pretty good!

Average Selling Price: Condo: $255,662 Townhouse: $351,171 Single Family Dwelling: $444,862 and the aerage selling price across the City of Edmonton is $378,050.

Home sales by Price Range: The highest percentage of properties are selling in the $300,000-$399,999 price range at 33.64%. Second position goes to the $400,000-$499,999 price range at 21.66%.  Third place?  Can you guess? $200,000-$299,999 and 19.72%.  The neat part?  Only 14.97% of properties sold, cost the buyers  $500,000 or more.

Get your copy of the whole report here and remember folks…

I’m ready to move when you are.

Cheers, Jeanine.

=^..^=

Edmonton-Real-Estate-Market-Report-June-2015

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.

What is Up with the Edmonton Housing Market?

Saturday, April 4th, 2015

Don’t Get Too Caught Up in the National Storylines.

Spring Mewsletter 2015 by the Cats Meow at Remax Real Estate

Edmonton Housing Market 2015

Spring 2015 Edmonton Housing Market

I have been wondering how to tell you folks where we’re at for this year; following the news, the stats and all the talk  has led me to do a lot of research into what is really going on in Edmonton and with  specific regards to housing.

‘They’ talk about consumer confusion about our market and I can see why.  Even inside the industry, not very much makes sense to me, everyone has a different statistic and  everyone claims to be right. However, repeatedly I find myself disproving more of what our industry experts ‘quote.’

The fact is, Edmonton saw another year of growth, higher than the average of Canada, and we have higher wages, as well as lower unemployment rates. The condo market saw more than 8% increases than the average for the rest of our country.  We are still poised for growth.  Maybe not leaps and bounds growth as we are used to, but positive growth must not be confused with the word ‘recession.’

As I write this, I have two articles in front of me in opposition of the other, both by headline newspapers, one calling for an excellent spring market and the other calling for a recession. It’s ridiculous what they get away with reporting, all for the sake of content and increased frequency publications.

The Yukon saw a 22% drop in home prices year over year and the local news is reporting a ‘softening’ of the market, due to the fact that the market was inflated over what was stable.  Yet, no one there is running for the hills and home owners are still selling and buying and owners are still making profits.

According to CREA, The Canadian Real Estate Association, of which I am a member; the average home price in Edmonton is still well within the  means of the average family income and average family debt.  Home owners are still listing their homes at higher rates than what they think they can sell for, because that is just how real estate is played.

Real Estate has always been a long term investment that can set you up when you invest your money wisely.  I’m glad to be a part of your past and I look forward to helping you in the future. Now that’s the Cats’ Meow.

Not Some Catty Remarks – Review for Jeanine Boutet Osborne

Thursday, December 4th, 2014

Jeanine is a fantastic, professional and knowledgeable Realtor. She made the process of purchasing my first home so incredibly easy. She consistently went above and beyond to ensure I was purchasing a home that was right for me. She was always prompt and courteous in answering my many questions and gave good honest advice. I never felt like she was pressuring me to make a quick sale and when I did find the right place she fought to make it happen. For anyone looking to buy or sell a home I would wholeheartedly recommend Jeanine. She is definitely someone you want on your team.

-Mat Fasullo-

A Canadian First – Hawk the Trauma Dog

Wednesday, December 3rd, 2014
Calgary Police Trauma Dog

Hawk the Trauma Dog – Calgary Police

Here’s something I can sink my teeth into. A large step in the understanding of the abilities of our creatures on this great big planet of ours. As an advocate of animals, I am happy to showcase another example of the greater good animals provide. Which brings me to Hawk.

My head wants to call him the ‘Wonder dog’ though you can refer to him as a Calgary Police dog and even better than that his title is a ‘Trauma Dog.’ Hawk started his career in October of 2013, and just over a year later he is helping a very little girl with one of the toughest moments in her life.

She had some play dates with Hawk, the Labrador Retreiver and his ‘animal spirit’ of ‘unconditional acceptance’ rose right to the top. He walks past others and goes straight to her in the court room. He just knows where he is needed.

“When you’re dealing with young kids who have been victimized by adults it’s hard for them to connect to another adult, but suddenly something magical happens when a dog like Hawk makes his appearance. I mean it’s just immediate trust. There’s things that can be done through animals, through dogs, that just can’t be done no matter how hard we try as people,” said Chief Rick Hanson of the Calgary Police Force.

It’s a Canadian first, and Ellen O’Neill-Stephens, the founder of Courthouse Dogs came up with the idea of pairing victims of crimes and dogs about a decade ago. It is already popular in the US and I am hoping it will become more prominent in the world. This REALTOR hopes that alongside the greater service needs from Earths friendly creatures will come greater rights. Right as this is going on; there is a Canadian movement to change the laws for animals, because without the law behind the issue there is little to no recourse for how abusers and oppressors are dealt with.

The Animal Charter is premised on the recognition that animals experience suffering and pleasure in a way that is not biologically distinguishable from that of humans; that discrimination on the basis of arbitrary characteristics—like species—is a violation of equity, natural justice and the rule of law; and that our legal system must not exclude the most vulnerable members of society.

It is a telling comment on the western world that legislation for the prevention of cruelty to animals (started with horses) predated protection of children in most areas. A century ago in England, eight- and nine-year-old children were forced to work longer hours in the coal mines than the pit mules, which were protected by law. In 1884, John Colam, Secretary of the RSPCA, helped to form the National Society for the Prevention of Cruelty to Children.

I wish that neither the Society for the prevention of cruelty to animals or the Society for the prevention of cruelty to children had to exist in this world. Perhaps this type of pairing is exactly what the world needs to witness, to learn how to speak up and prevent cruelty to both.

Is it Time to Retire to the Island? What’s going on there anyways?

Monday, September 29th, 2014
Vancouver Island Real Estate Market 2014

Vancouver Island Real Estate Market 2014

The Vancouver Island Real Estate Market

I used to live on the Island, Campbell River to be exact. When I had left, it was just at the start of the recession and everywhere I looked you saw ‘For Sale’ signs; be it for boats, cars and houses, even estates. It was so sad to see stability move out, people go back to where they lived before the downturn and it was impossible to look anywhere for economic confidence and financial security. Housing and Yacht prices tanked. Fast forward a few years and we are starting to see some good news.

The Island is built on a small number of industries and one of those industries is Tourism. Before, when you would travel down the road, you couldn’t get a half kilometer without seeing some US Citizens huge RV and ‘SUV’ in tow. It’s just not like that anymore, though it is a bit better.

Tourism is up, single family home sales are up, condo sales are up, rental rates are up and rental vacancy is down. That all points to a rebounding market and increased consumer confidence in the area. It’s no wonder Chinese developers are looking to build a 270 room in Nanaimo where the average single family home sells for $361,0964 and condos sell for $252,273. This is the most active region on the Island for real estate.

Across the Island, the average selling price of single family dwellings has reached $337,664 – up 2% in comparison to the annual 4-6% we see here in Edmonton, as well as being up 11% in total volume. Average condo prices fetch $240,101 on the Island.

The summer of 2014 saw the highest occupancy numbers Nanaimo has experienced in years with rates up 9.2% from last ago. The increase in tourism is attributed to special events and the strengthening US dollar.

Check out Tourism Nanaimo’s award winning campaign “You Won’t be Sorry” to see what is causing all the stir.

With the increase in rental rates, the decrease in vacancy rates, improved employment rates, immigration and rising rental demands – The Island is uniquely positioned to offer cash-flow investment opportunities based on the combination of high rental rates and affordable purchase prices.

Perhaps it’s time for you to get in and get building equity.

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