Carolyn Knispel & Dan Weiss | 780-439-7000

 
I have listed a new property at 7808 34A AVE in EDMONTON.
RARE FIND! Custom built by Mac and Mitch 1268 sqft bilevel 3+2 bedroom home on a quiet crescent. Superb curb appeal ! Inviting floorplan with possibility for inlaw suite as has separate entrance but perfect for family. Freshly painted throughout. Impressive hickory kitchen with corian countertops & plenty of storage with 2 pantries! Dining area leads to large west deck and can accomodate large family gatherings and BBQ's. Huge living room super for large families who entertain. Kingsized master w/ walkin closet AND him/her closet with ensuite. 2 large additional bedrooms & full bath complete the upstairs. Entertaining made easy with large family room with wet bar, cozy brick fireplace and dedicated recreational area, perfect for games/pool table. 2 additional bedrooms, 3pce bath and dedicated laundry area. Lots of storage downstairs with separate storage room. 2 furnaces, newer HWT. Meticulously landscaped. Oversized double HEATED garage plus RV parking! Don't miss this one of a kind home!
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I have listed a new property at 210 2741 55 ST in EDMONTON.
Incredible opportunity for empty nester or retired couple! 2 bedroom, 2 bathroom condo overlooking private courtyard, next to elevators and the Allen Grey. Comfortable floorplan with good sized kitchen and living area walking onto large balcony overlooking landscaped courtyard. aster is good sized with 3 pce walkin shower ensuite and plenty of closets. Good sized 2nd bdm, insuite laundry and lots of storage within condo and extra 5x20 storage in heated parkade. MUST SEE as it shows beautifully! One of the best adult living condo facilities in SE Edmonton. Superb location next to Millwoods Town Center, near transportation, Grey Nuns, restaurants and many other amenities. VERY active community complex with party room, exercise area, library, crafts and movie room.
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I have listed a new property at 12427 103 AVE in EDMONTON.
WOW! This is a SHOW STOPPING MUST SEE! Wonderfully located in the heart of downtown in one of Edmonton's most desirable neighbourhoods, Groat Estates. This 2165 sqft character home has curb appeal galore inside and out. Recently featured in The Edmonton Journal's Homes Beautiful section. Renovated top to bottom! Stunning immediately with rich maple flooring and the numerous window throughout this beautiful home. Ideal home for empty nesters, professionals and entertainers with chef's sized maple kitchen cabinetry with eating bar which has plenty of counter and cabinet space. Expandable dining area that leads to equally large living room, complete with cozy gas fireplace. Dining area has potential for patio doors leading out to aggregate patio and landscaped west yard. Upstairs has 3 generously sized bedrooms, a quaint full bath & impressive great room with 2nd fireplace. Sit & enjoy the summer with rare covered porch or newly poured patio. Double attached garage. Shows a dream! Must See!
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I have listed a new property at 6708 89 AVE in EDMONTON.
Superb 3+1bdm family home on a quiet street in Keniworth. Excellent CURB APPEAL! Upgrades include new windows, shingles, laminate flooring, HWT, etc. Large U kitchen offers plenty of counter and cabinet space. Expandable dining area and large living room, perfect for entertaining. King sized master bedroom and 2nd and 3rd bedrooms. Large patio doors lead out to landscaped backyard. Downstairs is mostly finished and ready for your personal touches. Large recreation and family room. Plenty of room for home theatre and pool/games area. Fourth bedroom and bathroom ready for personal touches. Fenced and landscaped backyard. Oversized double garage.
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The REALTORS® Association of Edmonton reports that residential property prices in the Edmonton CMA1 were up again in March. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 3.5% in a month and single family detached prices were up 3.9%. Compared to March 2012, the all residential price was up 4.3% and the SFD price was up 7.0%.

 

“The average price increases are influenced by the prices paid on particular properties as well as the product mix in the period,” said President Darrell Cook. “Because of a shortage of lower priced homes, the average price is pushed up as buyers move up-market to find a home. The increase in average price may not increase the market value of a particular property.” The relative number of homes sold in the $450-650k price range increased from 12.2% to 14.5% year-over-year while homes under $300,000 dropped from 40.7% of the market to 38.2%.

The average price for a single family detached home was $416,739 in March, condos were priced at $246,574 (up 6.3% m/m), duplex and rowhouses at $316,110 (down 4.9% m/m) and the all-residential average price was $354,759. SFD prices peaked in May of 2007 at $424,400.

 

The demand for homes in the Edmonton area continues to be driven by net job creation and low unemployment, economic stability and low rental vacancy rates. Sales were brisk with the sales-to-listing ratio up at 57% for March which indicates that almost six of the ten homes listed during the month were sold. Days-on-market was down from 57 in February to 50 in March.

 

The number of homes available for sale in the MLS® System inventory was up from 4,183 to 4,741 in March. While this is an increase of 558 properties from last month, it is down 15.4% from the same time last year. The lower inventory is exerting upward pressure on prices but has a dampening effect on sales. “When first time buyers cannot find a house that meets their needs or are forced into a multiple offer situation, they often remain on the sidelines,” said Cook. “Low interest rates and rising rental rates create the interest and desire but lack of suitable properties means they are not able to make the transition to home ownership at this time.”

 

REALTORS® are facing some multiple offer situations on lower-priced property but overall, the market remains in balance with neither buyers nor sellers having an advantage in most neighbourhoods.

 

Residential sales in the Edmonton CMA were up 1.14% in March as compared to March 2012. There were 1,497 estimated sales (1,386 reported) on listings of 2,422 during the month. SFD sales were down 6.63% from last year but condo sales more than compensated at 8.84% y/y increase. Note that sales numbers are estimated to reflect late reported sales and make a more accurate comparison with prior month actual sales.

 

MLS® System Activity (for all-residential sales in Edmonton CMA1)

 

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.