Real Estate Blog

If you have a home that is overdue for a renovation, you might be worried that it will be difficult to sell as a "fixer-upper". In fact, you might delay listing your property for that reason.

The good news is, you don’t need to fix up everything in your home to prepare it for sale. You can be selective and choose only those projects that are most likely to help your home show well and sell quickly.

Here are some projects to consider:

Repairs. Few things stand out more during a viewing than something in obvious need of repair. That includes minor issues, like a dripping bathroom faucet, as well as major concerns, such as the central air conditioning unit not working. Get these repairs done.

Painting. Painting is one of the easiest and

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Overall the residential market in September brought a forward momentum as sales were up over last year at the same time.  The Greater Edmonton Real Estate market remains stable as we head into fall, and we also saw an increase in number of listings that hit the market compared to 2018. 

Simplified...

OVERALL RESIDENTIAL Year over Year average unit sales were up across the board, prices were down 6% and 4% from last month.

Single Family Homes sales down just under 3% from last year, prices were down 2.16% and 3.27% from last month.

Duplex/Row Housing sale were up 7,52% from last year, prices remain unchanged from last year and up 3.17% from last month.

Condos sales were up 26% from last year, prices dropped just under 10% and were

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Stylized comfort and function with this open concept living space.  Bright and spacious with ample natural light from all the added windows.  Grey and neutral tons compliment each other from the custom maple cabinets to vinyl plank floors.  Large living room leads to the dining space and Kitchen.  Upgraded main floor laundry is an added bonus.  Upstairs the master is complete with a full tiled custom shower and his/her closet space.  The additional 2 bedrooms share the main upstairs bathroom.  Fully landscaped with a large deck and detached double garage is perfect for those cold, upcoming snowy days.  

Complete details and more pictures can be found on our listing page or search E4175006.  

 

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Welcome Home to this Former Jayman BUILT showhome! Fabulous location with quick access to the Henday this home offers 2160sqft with an attached gas heated TRIPLE garage. Beautiful design with a sunken front foyer and 10ft ceiling leads to the spacious 9ft main living room, dining room and luxury kitchen–gas cooktop, chimney hood-fan, microwave-wall oven combo, granite counters and ample maple wood cabinets and hardwood floors. Upstairs there is a cozy bonus room perfect for everyone. The master bedroom is fit for a king and queen with an area to sit and unwind after a long day! The ensuite has a private toilet rm, soaker tub, shower and his and her sinks, plenty of custom cabinets for storage. Laundry room with cabinets/folding counter plus 2

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Spring is in the Real Estate air, and things are starting to heat up.  Looking at just the Edmonton market and not all the surrounding communities we are seeing an upward swing.  Days on the market has decreased in most sectors meaning houses are selling more quickly than previous months, Single family is at 51 days, Condos are at 66 days and Duplex/Row House is 61 days.  

 

Inventory is up from April 2018 for single family homes but so are number of sales.  Inventory for Condos are down but sales are consistent with 2018, and for duplexes inventory is down but sales are increased over last year.

Average prices still have not been gained back when looking at averages from 2018 but we saw an increase from March 2019.  Average prices are up month

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You’ve probably heard the expression, “The early-bird gets the worm.” It refers, of course, to those who get in early and reap the rewards.  Well, this same wisdom can be applied to selling your home. Starting the process early — even if that means simply doing some initial planning — gives you the edge in several ways.

First of all, you get extra time for preparation. That means you can get your home cleaned, uncluttered and staged without feeling rushed. You also get more time to find out how much your property will likely sell for on today’s market. That’s important information, especially if you’re also looking to finance a new home. 

Secondly, there’s less stress and panic. You’ll have more time to make the right decisions. The last thing

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Imagine you’ve dreamed of living in a particular neighbourhood, perhaps for years, and then, when you're finally ready to make a move, finding out that the area is competitive and buying there is definitely a challenge.

A disappointment? Not necessarily.

There is a lot you can do to buy into a popular neighbourhood, even in competitive offer situations.

Your first step is to start targeting that area now. Find out about property types, prices and trends. In particular, you’ll need to know what price range you should be thinking about, and making sure that it’s going to fit your budget. To do that, you might need to get a determination of the Fair Market Value of your current home.

Next, begin making preparations so you can get a jump on

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We saw a bit of an up turn in the Edmonton Real Estate market from January which may be an indication that people are gearing up for the upcoming spring months and we expect the trend to continue upwardly.  Single family homes saw an increase in sales price by just about 8%.  Condos also saw an increase in sales price by just under 2.5%, but duplexes remained stagnant at about a -0.37% decrease. 

Year over year, however we saw decreases straight across the board when comparing sales prices to last February's average prices and days on market.  Days on Market have increase for Single family homes, Condos and Duplex/Rowhouses, so patients is key for sellers. 

Let's take a look at inventory - Single family homes have the highest inventory level they

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If you have been thinking about building a new home now might be the perfect time to consider buying a speculation built home.  Record High vacancy rates in January for newly constructed homes sit at 1,941 in Edmonton up over 63% from last year, which means great opportunity for buyers.  

With more supply than demand on the newly constructed homes, there is a lot of vacant inventory that builders are holding right now.  The recent slow down in new construction projects was inevitable but those houses that were underway despite the Alberta ecomomy  taking a slower rate of recovery from the recent recession (add all the qualifying mortgage changes on top of it) still had to be completed.  Lower demands combined with it being harder to obtain

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Ideally you should have a week or two available before you list your property in order to stage your home and make it look its best for buyers. But, what if you listed quickly and within hours of the For Sale sign going up a buyer wants to view your property? In that scenario, you need to do some quick "staging" to get your home ready. Let's assume your property is already clean and tidy. Here are some other things you can do.

· Open the curtains, even at night. This will make each room seem brighter, more appealing and more spacious.

· Pull out some boxes or storage bins. Put away personal knick-knacks (like that bowling trophy) and other personal items to reduce clutter on shelves and countertops.

· Clear countertops in the kitchen and

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