Purrfect Properties Blog

Posts Tagged ‘The Cats’ Meow in Real Estate’

YEG-Real Estate Market Reports-January-2018

Tuesday, January 23rd, 2018

Dear Friends,

I hope you are feeling refreshed, revived and ready to face 2018.  January is full of resolutions and promises but don’t be too hard on yourself.  Make time to pamper yourself between all the commitments.  This month there are some tricks for creating the perfect relaxation space right at home. Should you wish to get out of the house, look no further than our list of events happening around Edmonton this month.  To keep you up to date in the world of Real Estate, included are the latest market reports to make sure you didn’t miss anything during the holiday crunch.

And now for this months report:

YEG-Real Estate Market Reports-January-2018

YEG-Real Estate Market Reports-January-2018

 

Inventory: December finished with another full inventory and buyers market month here in Edmonton with 6.30 months of inventory for active buyers to choose from.

Total number of homes available to buy in the Greater Edmonton area: 5,736

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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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Another Happy Client!

Monday, April 17th, 2017

I first met Jeanine in 2012 when I was buying my first house. I didn’t know it then but 5 years later I still contact Jeanine for all sorts of help. She is a wealth of knowledge and in fact has been with me through buying my first property and selling that property, to again buying two rental units. I’ve tried other realtors but Jeanine far exceeds anyone in her field with her honesty and in depth knowledge of the market. You won’t regret having her by your side.

Amanda G. – Edmonton

Pioneering my Own Destiny and How I Got to Here.

Thursday, July 23rd, 2015

Hi Folks,

Thanks for coming back again to listen to what little old me has to say about real estate, life and the human plot in general.  I’d like to talk about Real Estate in Edmonton for a little bit.  It’s interesting, all that I’ve learned in the past five years. Enough to write a book, or at least a blog… lol

Integrity is a word that gets thrown around a lot when describing the good agents of Real Estate. What’s integrity mean?  Strong moral principles and the quality of being honest? Is it what happens when no one is watching?  What makes a good agent?  Lead generation?  YES, ask any agent.  Ask a client and they’ll say good service.  Agents spend in the 10’s of thousands, if not hundreds – marketing to get your business. We have overseas ‘administrators’ or ‘virtual assistants’ competing to get our money to write our blogs, our website content and post our twitter and linked in updates… all to find you, the next client that might want to buy or sell.

become

-We become what we want to be by consistently being what we want to become each day.- Richard G Scott

I want to be real with my clients and customers. I want you to know what I have to say about things. I want to talk about what sucks about real estate, what condos are good, which aren’t. What you should look out for, pitfalls of the process, the good, the bad, the ugly.  I want to talk about the animal rights movements and petitions of the world. Some soy milk cake recipes!!! AND, maybe, if I get a little real, you’ll keep coming back.  It’ll bring some color to your life, and mine and we’ll both learn a little something in the process.

I want to hear from you.

Send me some comments, ask me about what you want to know.  I’ll be there.  I’ll answer. I promise.

Now that’d be the Cats’ Meow.

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.

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?

Kitty Bits – A Thought for Sunday

Sunday, July 7th, 2013

Hello Folks,

I found the following and wanted to share it with you. Freud has never made me laugh more.

Enjoy:

“Thus the ego, driven by the id, confined by the super-ego, repulsed by reality, struggles … [in] bringing about harmony among the forces and influences working in and upon it,” and readily “breaks out in anxiety — realistic anxiety regarding the external world, moral anxiety regarding the super-ego, and neurotic anxiety regarding the strength of the passions in the id.”

Namaste.

Jeanine =^..^=

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.

 

Edmonton Real Estate Mobile Search

Thursday, April 4th, 2013
Edmonton Real Estate Quick and Easy Mobile Search

Search the Edmonton market quickly and easily while out on the town.

Search the Edmonton Real Estate Market quickly and easily while out on the town.  View photos and details quickly.  Check the local listings from whereever you are.  Check listings by MLS #.  Check listings by community.  All Free, all easy and all at the click of a button.