Purrfect Properties Blog

Posts Tagged ‘Re/Max Real Estate’

Your Virtual Tour for 1419 Cunningham Drive SW – Condo For Sale

Tuesday, May 16th, 2017

1419 Cunningham Drive SW – Callaghan Landing

Dual Master Home For Sale

(more…)

86-2803 James Mowatt Trail SW, Callaghan Townhome For Sale

Saturday, May 13th, 2017

86, 2803 James Mowatt Trail SW, Townhome For Sale

 

Your Virtual Tour for
86- 2803 James Mowatt Trail SW

Further Listing Information can be found here
Please call or text 780 916 9739 to schedule your showing.

  • Want to know more about the Callaghan Neighbourhood?
  • How safe is Callaghan?
  • Is it time to stop renting?

The Sign of a REMAX® Agent in Edmonton.

Wednesday, May 4th, 2016

What’s it like working with a REMAX REALTOR?

Check out this little video…

The sign of a REMAX REALTOR in Edmonton, Alberta.

May/June 2015 Edmonton Real Estate Market Reports

Thursday, July 23rd, 2015

Hi Folks,

Just turning over into June and checking in on what is happening in the Edmonton Real Estate Market currently.  If you’re just starting the process of selling your home or buying a new one it can be very helpful to see where you are sitting in comparison to what is going on out there.  If you’re selling, know if you’ve hit average days on market.  If you’re buying, see how strong your dollars can really be.

The weather is heating up in Edmonton, pansies already have to be cutback and Sellers have got to price properly or employ well thought out price reduction strategies.  With a current inventory of 4.09 months of homes to go through, it is still a buyers market in Edmonton.

Edmonton, May 2015 real estate sales resulted the following averages:

Edmonton Average Sold Price: $381,111 for May 2015 – Edmonton Average Condo Sold Price: $256,143 for May 2015

Edmonton Average Detached Sold Price: $451,312 for May, 2015 – Edmonton Avenrage Townhouse Sold Price: $345,659 for May 2015.

Edmonton Average Days on Market is 45 for May 2015.

Edmonton Average Price range with the most sales $300,000-399,999 for May 2015.

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.41%.

If you would like to talk further about selling your home, a good price reduction strategy, or when to finally lower that list price, feel free to contact me.

Ready to Move when you are. – Jeanine B. Osborne, REALTOR with Re/Max Real Estate

780 916 9739

Email Version YEG May 2015

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-

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.

Where do you want to be in 10 Years?

Monday, August 25th, 2014

I don’t believe prices will be coming down in the next 10 years.  With the projected work the province has coming up in the next three years, steadier and rising prices in the states as well as the fact that Edmonton is third largest and fastest growing Economic center in Canada – it is very easy for me to say – No, prices won’t be coming down by next year or most likely for the next decade.

Quotes from the Housing Market outlook – Canadian Edition  – Third Quarter 2014

“Economic growth in Alberta is expected to lead all provinces in Canada over the next two years.”

‘Consumer spending is also projected to rise, supported by strong population growth and rising wages.”

“The average MLS sales price is projected to increase to $396,800 in 2014 and then to $407,000 in 2015.  A higher level or demand relative to supply will help to lift resale prices in 2014.  As 2014 progresses, new listings are expected to increase and continue rising into 2014.”

 

Edmonton Housing Outlook 2015

Edmonton housing prices going up again in 2015!

If you can get a home now – I encourage you to do so.  I often look at townhouses that were bought for $77,000 10 years ago and are selling now around $214,000.  The question is – where do you want to be in 10 years?

How Big is Real Estate Risk? … An Edmonton Realtors’ look into the 2013 Calgary Flood.

Tuesday, July 2nd, 2013

A Mitigated Risk.

That’s what they said when they decided to open the gates, knowing the result would be flooded neighbourhoods in Calgary.  They opened the gates anyways.  Within hours, the flash flood turned Emergency, covered homes and land within the city. In moments, people who resided in the area lost their belongings, inside and out of their homes.  You should know, insurance doesn’t cover ‘Acts of God’. A definition often defined by convenience and not circumstance.

My Grandpa owns and lives in one of those unfortunate homes in Bowness. When my cousin told me that she was Kayaking to his house I wasn’t fully appreciative of what that really meant.  A week after residents were allowed to go back into their homes, I went down to take a look at what was going on.

Calgary Flood 2013

A look down Grandpa’s road, complete with Porta potties and Volunteer Workers.

Now, volunteer efforts from supplying water, to cooking food, even to Edmonton Firefighters who showed up on his front step to do the heavy lifting have to be commended.  Thank you to all Edmontonians and Calgarians who ended up helping Joe, we sure do appreciate it.

Water in the basement.  Ha!  This has killed a deal for me in the past.  Small, tiny amounts of water, usually caused by a lack of eaves-trough headers or improper sloping around the home.  95% of all homes we inspect have improper grading. Gardens are recommended to be planted around the home to help with absorption.

Calgary Flood 2013

Even with planters around the home, the water level rose above them. See the line of water above.

 

 

 

Grandpa’s home, did not have one drop of water come into the basement, before last week. Yet in one day, everything and I mean EVERYTHING below ground was wiped out.  Erased.  Gonezo’s.

 

 

Calgary Flood 2013

This was a fully finished basement with sauna, wetbar, snooker room, bedrooms, bathrooms, fireplace, furnace, hot water tank and laundry. All gone.

Calgary Flood 2013

The place the stairwell to the basement used to be. Water went up to the ceiling.

 

 

 

 

 

 

So what  do you do?  How do you reduce the risk?  I say reduce the risk, because that’s just it… Real Estate Investing has it’s risks and rewards.

– Make sure you have your home owners insurance.

Calgary Flood 2013

The Electrical panel, plumbing lines, hot water tank, furnace, fireplace etc all have to be replaced.

If your home is too high you may be at risk for windstorms, too low and you may be at risk for flood.  The possibilites are endless that you may come into contact with.  So why invest?  Why move foreward with Real Estate?

My Grandpa owned his home for 50 years before this occured.  Even with the costs of repair and replacement, he will still come out ahead when he wants to sell, as he’s been in his real estate game for a long time.

Often, I get asked by clients if they will be able to make a profit in the years ahead on the purchase they are about to make.  Yet, I don’t have the crystal ball they are looking for.  A person moves foreward with Real Estate because they recongnize the risks and they recognize the rewards.  They believe they have more chance of reward than of risk and they are ready to take that calculated risk.  Not a mitigated one.

Keep your insurance up to date people, and don’t buy a few feet from the waters edge.

Now that’s the Cats Meow in Real Estate.

 

www.17807-111Street.com European Elegance in Chambery

Friday, March 15th, 2013

17807-111Street.com EUROPEAN Elegance in Chambery

 

Cherry Gleaming Hardwood in this 3,450 ft2 Total Living Space, 3+1 Bedroom, 3 1/2 Bathroom, 2-Storey in Quiet Chambery. The Gracious Foyer is illuminated by Chandelier Lighting. Be greeted by your Beautiful Formal Dining room.

Columns, Archways, Oversized Windows and Detailing throughout. 20 ft of Granite with Maple and Glass Cabinetry in your Kitchen boasting Stainless Steel appliances.

California Knock Down Ceilings with borders. His and Hers Jacuzzi Ensuite, In-Floor heating on the main and lower levels.

Engineered Hardwood, Bedroom, Jacuzzi Bath, and Wet Bar on the lower level. Drywalled and Insulated Garage with rough-in for heater. No maintenance deck. A Distinctive Home made with Quality in mind.

9ft Ceilings throughout the home, landscaped yard, italian ceramic tile, extended breakfast bar, granite in bathrooms, closets to spare, recessed lighting, stereo system throughout home, iron railings, beautiful staircases, vaulted ceiling bonus room, large mud room, main floor laundry with folding table, wood organizers in oversized closets, 149 gallon hot water tank.

Now that’s the Cats Meow in Real Estate.

 

Built: 2006      Size: 2356.2 ft2 AG

Municipal address: 17807 – 111 street Edmonton, Ab T5X 6J3

Legal Description: Lot: 13 Block: 97 Plan: 0325052