Viktoriya Finkbeiner
Call Direct 780-271-7004
Serving Your Real Estate Needs: Buying or Selling
Featured Properties
Downtown_EDMO
$214,800
-
size(sqft)
737 -
bedrooms
1 -
baths
1
Parkland Heights
$825,000
-
size(sqft)
2451 -
bedrooms
3 -
baths
4
Lakewood
$426,900
-
size(sqft)
1768 -
bedrooms
5 -
baths
3.5
Brookview
$329,900
-
size(sqft)
1044 -
bedrooms
4 -
baths
2
Meridian Heights
$399,900
-
size(sqft)
2000 -
bedrooms
3 -
baths
2.5
Bridgewater Proper..
$549,000
-
size(sqft)
1899 -
bedrooms
4 -
baths
3
Mayfield
$259,900
-
size(sqft)
1285 -
bedrooms
3 -
baths
1
Entwistle
$105,000
-
size(sqft)
840 -
bedrooms
2 -
baths
1
Graybriar
$269,000
-
size(sqft)
1280 -
bedrooms
3 -
baths
2
Abbottsfield
$186,000
-
size(sqft)
1023 -
bedrooms
3 -
baths
1.5
Bilby Estates
$89,900
-
size(sqft)
N/A -
bedrooms
N/A -
baths
N/A
Star Lake
$425,000
-
size(sqft)
2282 -
bedrooms
3 -
baths
2
Sherwood Forest
$179,900
-
size(sqft)
N/A -
bedrooms
N/A -
baths
N/A
Hay Lakes
$259,000
-
size(sqft)
1381 -
bedrooms
4 -
baths
2
REALTORS® anticipate stable real estate market in 2012
Edmonton, January 11, 2012: Doug Singleton, President of the REALTORS® Association of Edmonton announced the real estate industry housing forecast for 2012 at an industry seminar on Wednesday. He expects that the current stable market will continue through 2012 with prices and unit sales increasing slightly year-over-year and real estate transactions to follow typical month-to-month trends.
“I do not see any external forces that will influence the normal operation of the real estate market locally in the year ahead,” said Singleton. “Mortgage interest rates are expected to remain stable through 2012 and there will be balanced demand on both the buyer and seller sides of the market.”
The REALTORS® Association is forecasting that the all residential price for housing in the Edmonton area will increase about 2% over the year ahead. Single family detached home prices will increase on average by 2% over the year and condominiums, which are oversupplied in the market, will have their prices increase just one percent. A single family detached home that sold for $372,000 in December 2011 will be priced at $380,500 at the same time this year. Condos are currently selling on average for $230,000 and will increase to $237,000 by next December.
Singleton expects that residential unit sales will increase slightly in 2012 as compared to similar unit sales in 2011. “This is a balanced market with great opportunities for both buyers and seller,” he said. “Inventory levels will be sufficient to provide choice to buyers and yet the rate of sales measured by Days-on-Market and sales-to-listing ratios will be sufficient to satisfy most sellers.” He pointed out that sellers can increase their chances of a successful sale by ensuring that their property presents well and is priced realistically for the neighbourhood and time of year. There are 3,200 REALTORS® available to advise potential buyers and sellers on price, marketing and contract details.
The continued growth of Edmonton and surrounding communities will also result in higher commercial real estate activity in 2012 as more small and medium businesses start-up and industrial development creates the demand for warehouse condo construction and business offices. In 2012 there was $240 million worth of commercial sales transacted through the local MLS® System.
As usual REALTORS® expect real estate activity to pick up in the spring and gradually fall off as the year progresses. However the industry is optimistic about the year ahead and expects good results for the industry, the members and the consumer. “I’m glad to be selling real estate in Edmonton,” concluded Singleton.
Edmonton Residential Market sailing on calm seas!
Edmonton, May 2, 2012: According to figures released by the REALTORS® Association of Edmonton, there is a sea of calm in the local real estate market. Residential sales through the Multiple Listing Service® System in April were up 5.3% from the same month last year but below average for April. There were 1,713 residential sales in April as compared to the 5-year average of 1,940 sales. There were 7,334 residential properties available in inventory at the end of April which is up 7% from last month.
"There is plenty of choice in the market at this time," said REALTORS® Association of Edmonton President Doug Singleton. "Single family prices have risen slightly each month this year which is encouraging sellers to list their property." He urged home buyers to remain calm, to confirm their financing arrangements and to study the market with their REALTOR®. "Of course, when your REALTOR® shows you the ideal home you should move decisively to make an offer and begin the home buying process in case another buyer is also interested."
In April, the average1 residential price was up just 0.8% from last month at $337,363. The average price of a single family detached home was $382,384, up 0.9% from the previous month. The average price of a condominium in April was $235,036, up 1.3% from March. Duplex and rowhouse properties sold on average for $329,025; a 3.6% rise from the previous month. Residential prices were also up when compared to a year ago:
- Single family up 0.4%
- Condominium up 1.1%
- Duplex/Row house up 8.9%
- All residential up 2.99%
The average days-on-market in April was 50 days (down three from March) and the sales-to-listing ratio was 53% (up 2% from last month); both indicators reflecting increased market activity. REALTORS® participated in the sale of $578 million worth of residential property last month and total MLS® activity for the year is $1.5 billion (up 15% from 2011 YTD).
"If a change in your lifestyle requires a change of address, then this a great market to be in," said Singleton. "Choice of neighbourhoods, variety of housing types and stable pricing may not be available in every market but they are features here in the Edmonton area."
-30-
Activity (for all residential sales on Edmonton MLS® System)
| April 2012 |
M/M % change |
Y/Y % change |
|
| SFD2 average selling price - month | $382,384 | 0.90% | 0.40% |
| SFD median3 selling price | $365,000 | 1.40% | 2.20% |
| Condominium average selling price | $235,036 | 1.30% | 1.10% |
| Condominium median selling price | $223,250 | 1.50% | 1.50% |
| All-residential4 average selling price | $337,363 | 0.80% | 2.99% |
| All-residential median selling price | $327,000 | 1.60% | 3.80% |
| # residential listings this month | 3,253 | -0.50% | 1.90% |
| # residential sales this month | 1,713 | 1.40% | 5.30% |
| # residential inventory at month end | 7,334 | 7.10% | -4.90% |
| # Total5 MLS® System sales this month | 1,926 | 1.80% | 6.20% |
| $ Value residential sales this month | $578 Million | 12.50% | 8.40% |
| $ Value of total MLS® System sales – month | $667 Million | 24.70% | 0.20% |
| $ Value of total MLS® System sales - YTD | $2.2 Billion | 49.40% | 21.70% |
2 Residential includes SFD, condos and duplex/row houses
3 Single Family Dwelling
4 The middle figure in a list of all sales prices
5 Includes residential, rural and commercial sales
1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end.
