I have listed a new property at 13502 107A Ave AVE in Edmonton.
GLENORA SHOW STOPPER! Completely renovated 4 bedroom bungalow on a quiet street with large backyard and facing green space. Impressive hard wood flooring throughout the main floor. Spectacular kitchen with dark maple cabinets w/ tile backsplash, newer appliances, gas dbl oven and window overlooking backyard. Dining area has bay window and capacity to expand for large gathering. Spacious and inviting living room has coved ceilings, huge south bay window and impressive gas fireplace to cozy up to. Both bedrooms are large and a beautifully renovated bathroom and triple pane windows complete the main floor. Fantastic basement with large great room wired for home theatre, 2 large bdms, full bath, front loading laundry, newer furnace/hwt. Newer electrical/plumbing/ducting is new. Fantastic backyard is private with large deck, large yard complete with firepit. Superb location close to schools, rivervalley trails, downtown, transportation and shopping. A MUST SEE!
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I have listed a new property at 11528 44 AVE in Edmonton.
ROYAL GARDENS GEM! Great opportunity for the growing family. 1260 sqft 4 bedroom bungalow on a quiet crescent close to schools/transportation with a well designed low maintenance yard which showcases great curb appeal. Inviting foyer inside. Impressive laminate flooring throughout the main floor. Well designed kitchen which has a large window overlooking landscaped yard. Dining room leads from the kitchen to the bright/large living room featuring vaulted ceilings and oversized south picture windows. Kingsized master bedroom also has lge window, south exposure and the convenience of an ensuite. 2nd and 3rd bedrooms are also good sized. Large main bathroom with lots of storage and counters. Fantastic basement for entertaining! Good sized family room that leads to huge games room with pool table. 4th bedroom is large and has a step in closet. Full bathroom, storage room and laundry complete the basement. Incredibly landscaped yard that requires little maintenance. Oversized dbl garage
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Marginal dips in prices and unit sales signal a stable market

August’s all residential average sale price in the Edmonton Census Metropolitan Area (CMA) remains consistent with last August at $369,956, down 4% from July of this year. The price of single family homes in August dropped 4% relative to July from $450,366 to $434,362. Year-over year prices remained stable decreasing by less than 1%. The average condo sale price for August 2016 of $251,526 is down 2% month-over-month (m/m) and 1% year-over-year (y/y). The average duplex/rowhouse sold for $344,377; down 2% y/y and down 1% (m/m).

“Alberta’s economy has been under enormous pressure for some time, but the residential real estate market in the Edmonton Census Metropolitan Area continues to hold. Prices and unit sales for all residential homes are consistent with last year, down less than 1% and 2% respectively,” said Steve Sedgwick, Chair of the REALTORS® Association of Edmonton.

At 1,433 units reported sold, all residential sales in the Edmonton CMA were down 5% m/m and down 2% y/y. 861 single family homes were reported sold in August 2016, down 3% from the previous year.  Reported condo sales at 406 were down 6% over August 2015. Duplex/rowhouse sales at 136 were up 11% over last year. New residential listings were down 5% m/m and over 6% y/y.

“While this is one of the most active times of the year, we are seeing both listings and sales tapering off as we move into the fall months. This is standard in our local real estate cycle,” said Sedgwick. “While unit sales for condos have been impacted the most, prices remain stable. This is thanks in part to the continuing trend of unit sales of over $750,000 that are keeping average sales price of condos elevated by almost 3%.”

The number of days the average home in the Edmonton Census Metropolitan Area (CMA) took to sell in the month of August was 55. This is consistent with August 2015 and down one day from July 2016. On average, single family detached homes sold in 49 days in August 2016, while condominiums sold in an average of 62 days and duplex/rowhouses sold in 56 days.

There were 7,908 residential properties available in the Edmonton CMA at the end of August, down 2% from 8,048 in July 2016, but up 9.4% from the 7227 properties available on the MLS® System at the end of August 2015.

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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Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.