I have listed a new property at 5607 105 AVE in EDMONTON.
Absolute STUNNER! Completely renovated from top to bottom! Fantastic 5 bdm family home on a quiet street in Fulton. Excellent curb appeal, wonderfully finished inside. Newer hardwood, tile and in designer colors. Chef's sized kitchen with pantry has plenty of counter and cabinet space. Expandable dining area walks onto large south deck, patio and landscaped yard. Living room is spacious yet cozy with fireplace. Master and 2 additonal bedrooms are generously sized. Spa like master bath. One of the best basement developments on the market! Large family room has feature gas fireplace and well designed for home theatre. Kingsized secondary master bedroom, additional bedroom and bath complete the basement. Lots of storage. Home completely rewired for technology throughout home. Newer furnace, HWT, electrical, and windows. Features galore! Very bright with plenty of windows up & down. Beautiful backyard designed for entertaining. Oversized dbl heated garage. Steps from trails, schools & downtown.

I have listed a new property at 10320 80 ST in EDMONTON.
Absolute Stunner! Fantastic curb appeal. This 3+2 bedroom bilevel has been professionally renovated from top to bottom. Perfect executive home or for young family with one of the nicest basement suites on the market! Beautiful designer colors, hardwood & tile flooring. Impressive new chef's style kitchen has gorgeous granite countertops, plenty of counter and cabinet space & pantry. Top of the line appliances. Dining area walks directly onto south large deck, perfect for summer BBQ'ing. Kingsized master suite has convenience of ensuite. 2 additional large bedrooms and bathroom complete the upstairs. Fantastic renovated basement suite, perfect as a rent helper or useful for active families. Very bright with numerous and large windows, excellent kitchen, separate dining, large family room and 2 good sized bdms. 2 furnaces, separate heating/power. Meticulously landscaped west backyard with firepit. Oversized heated & insulated double garage. Spectacular location steps from rivervalley & downtown.

I have listed a new property at 310 11511 27 AVE in EDMONTON.
This south side condo has plenty to offer! Located in the quiet, convenient neighborhood of Blue Quill, you will have easy access to shopping, schools, & transportation. The condo has a spacious feel, an ample sized patio and lots of storage in-suite. Bright feel throughout the condo with light neutral colors, white cabinetry and large windows. There is also in-suite laundry. The complex is a newer building which is clean and well-cared for with an on-site manager.

I have listed a new property at 3515 131 AVE in EDMONTON.
A true Gem loaded with features! Vaulted ceilings, bright skylights, beautiful hardwood flooring throughout the main floor give this 1440 sqft of bright developed space a home perfect for any young professional couple or family. Excellent open kitchen with pantry. Both kitchen and eating area walk onto south landscaped yard, deck and firepit. All bedrooms are large. Master is king sized with full ensuite. Main bath has Jacuzzi. Excellent home for entertaining. Large family room has beautiful fireplace and over sized south windows looking onto yard. Downstairs is perfect for games room or home theatre while entertaining large gatherings. Fantastic family home in a quaint newer neighborhood, steps to ravine trails, schools, transportation and shopping. Shows incredibly! A rare find and MUST SEE!

The local housing market will not feel any pressure from the recent mortgage rate increases, according to the REALTORS® Association of Edmonton. Several of the major banks increased their mortgage rates in August because of changes in the bond market. The higher rate will increase the monthly payments on a typical mortgage or decrease the total amount that a buyer can borrow from their financial institution.

“Buyers applying for a mortgage now may have to buy a slightly less expensive property than before because their qualification amount may be lower,” said President Darrell Cook. “In the short term, any reduction in the number of buyers will be made up by the potential buyers becoming more motivated to buy before their pre-approval period ends.”

The all-residential average* price in the Edmonton CMA in August was up a quarter of a percent from last month at $351,455. The average price for a single family detached (SFD) property in the Edmonton Census Metropolitan Area (CMA) in August was $416,494, up 1.5% from July but up 5.4% from a year ago. Condominium average prices were also up by 0.9% at $244,675. Duplex/row house prices rallied in August after a price dip in July at $337,745 (up 2.1%).

As compared to August 2012, prices of all types of residential property were up: SFD up 5.4%, condos up 3.8%, and duplex/rowhouses up 12.1%. The all-residential average price was up 3.7% over the same time last year.

“Our market continues to exhibit strong fundamentals,” said Cook. “Rental vacancy rates are low at about 1.2%, new home starts are up and weekly take-home pay rates are the highest in Canada. The upward pressure on housing prices will be moderated by the seasonal decreases as we approach winter.” Despite the increases, housing prices in Edmonton continue to be affordable, mainly because of the higher average incomes.

The sales-to-listing ratio of 65% was the result of 2,299 residential listings and 1,490 residential sales in August. The inventory of available homes on the Edmonton MLS® System was down from 5,834 units in July to 5,557 units in August. It took 53 days on average to sell a home in the Edmonton area.

The total value of MLS® sales YTD is the highest it has been in five years at $5.8 billion as a result of stronger sales numbers and higher prices overall.

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

August 2013   M/M % Change Y/Y % Change
SFD2 average3 selling price – month $416,494 1.50% 5.40%
SFD median4 selling price – month $380,100 -1.30% 2.70%
Condominium average selling price $244,675 0.90% 3.80%
Condominium median selling price $230,000 2.20% 3.10%
All-residential5 average selling price $351,455 0.20% 3.80%
All-residential median selling price $330,000 -1.50% 3.10%
# residential listings this month 2,299 -9.60% 0.60%
# residential sales this month 1,490 -14.20% 9.90%
# residential inventory at month end 5,557 -4.70% -7.70%
# Total6 MLS® System sales this month 1,993 -14.10% 9.15%
$ Value Total residential sales this month $601 Mil -14.50% 13.86%
$ Value of total MLS® System sales – month $713 Mil -12.40% 16.00%
$ Value of total MLS® System sales - YTD $5.8 Bil 15.30% 6.47%

1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)
2 Single Family Dwelling
3 Average: The total value of sales in a category divided by the number of properties sold
4 Median: The middle figure in an ordered 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.
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