Carolyn Knispel & Dan Weiss | 780-439-7000

 
I have listed a new property at 320 2741 55 Street ST in Edmonton.
Incredible opportunity for empty nester or adult condo. Well looked after 650+ 1 bedroom close to elevators and the Allen Grey. Excellent floorplan. Good sized kitchen with plenty of cabinets and countertops. Nice dinette area that opens to large living area. Kingsized bedroom and good sized bath and laundry. Shows immaculate. One of the best adult living condo facilities in SE Edmonton. Location is incredible with the convenience being next to Millwoods town center, near transportation, Grey Nuns and many other amenities. Very active community complex with an active party room, exercise area, library and movie room!
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Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the month with 6,681 properties for sale on the MLS® System for the Edmonton Census Metropolitan Area (CMA). That’s a 16.17% increase over last month, and 33.41% more homes listed for sale than February 2015. Sales for February were up 36.54% month-over-month at 837 compared to 618 in January, but 10.1% lower than the 931 properties that sold during the same time last year.

 

“Sales numbers are increasing consistent with seasonal trends,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “Relative to 2015, potential buyers have more inventory to choose from. Despite this inventory growth, prices have moderated only slightly compared to last year, so home owners and sellers can maintain some confidence that housing prices are remaining stable.”

 

February brought strength back to the average all-residential selling price, ending the month at $363,266, which is 6.93% higher month-over-month and virtually on par with this same time last year. Prices in all categories saw an increase in the Edmonton CMA market compared to just one month ago. Single family house prices averaged $419,940, virtually flat to last month (up 0.24%) but down 2.79% year-over-year (YoY). Condo properties sold for an average of $247,090, up 8.83% over last month, and down just 1.32% YoY. The biggest average price gain came in the duplex/rowhouse category, with the price in February finishing at $354,386, up 8.41% and 1.24% compared to January 2016 and February 2015, respectively.

 

February’s average days-on-market for all housing types dropped to 57, down from 71 in January but up from 48 YoY. On average, condos sold in 57 days last month, that’s down significantly from the 85 days it took in January, but still higher than the 49 days in February 2015.

 

“Buyers are still taking their time to consider all of their options before purchasing a new home,” Sedgwick said. “But with warmer weather just around the corner, clients are reaching out to their REALTOR® for support as the busy spring buying season approaches.”   

 

 

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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I have listed a new property at 434 2741 55 ST in Edmonton.
LOCATION!!! Large TOP FLOOR 1020+ sqft 2 bedroom 55+ condo at the Places at Lakeside, which is one of the most desired SE adult complexes known for community, proximity and benefits attached to Allen Grey restaurant for meal options. Spacious floorplan. Large kitchen with plenty of cabinets and counter space. Good sized eating area. Large living room with oversized picture windows and steps onto huge balcony with beautiful sunset and city views. Kingsized master suite has walk through him and hers closets and large ensuite with sitting shower. Large second bedroom separate to the master suite, making it suitable for a full sized guest bdm/office/TV room. Roomy laundry room. Heated underground parking has storage cage and carwash bay. IDEAL 55+ complex with direct indoor pedway access to Allen Grey and restaurant. Other amenities include exercise room. games room, movie room, party room, library, billiards &pool table. Steps to Millwoods Town Centre, bus and Grey Nuns. LOCATION AND CONVENIENCE!
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