Prices Remain Strong as Spring Sales Pick Up
March 3rd, 2015Edmonton, March 3, 2015: Average prices maintained positive growth month over month and year over year in the Edmonton Census Metropolitan Area (CMA) market. The all residential price was up a mere $38 from January (up almost 1 percent from February 2014). Single family houses averaged $430,770 up 0.84% over January and 1.17% over the same month last year. Condo prices continued upward with a 1.2% increase over January and 4.7% increase from February 2014. Duplex and Rowhouses were down 10.55% from January but are up 0.68% from the prior year.
We are starting to see sales numbers increase as we enter the spring season. It is common to see sales start to ramp up in February.It’s a positive sign to see that even though listings are up and sales are down from last year that prices remain stable and even slightly up from February 2014.
Residential listings are up 4 percent compared to January. 2,403 new residential listings came on the MLS® System for the Edmonton CMA last month compared to 1,955 new listings in February 2014. Sales for February were 931 – up almost 40 percent over January and down 17 percent from the same time last year. Inventory sits at 5,008 residential listings for the Edmonton CMA.
Another positive indicator is that our average days on market for all residential types were down to just 48 days compared to 58 days last month. With a healthy inventory, continued low interest rates, and stable pricing, we expect sales to continue to grow through the spring into the summer says. Irina Mierzewski – russian realtor in edmonton is always ready to help guide people through all the mixed messaging out there about our real estate market and help her clients make the move that is right for them. Call Irina today to have your house SOLD!
February 2015 | M/M % Change | Y/Y % Change | |
SFD2 average3 selling price – month | $430,770 | 0.84% | 1.17% |
SFD median4 selling price – month | $400,000 | 1.52% | 1.96% |
Condominium average selling price | $250,088 | 1.20% | 4.70% |
Condominium median selling price | $236,000 | 0.43% | 5.01% |
All-residential5 average selling price | $362,432 | 0.01% | 0.68% |
All-residential median selling price | $350,000 | 2.64% | 3.47% |
# residential listings this month | 2,403 | 3.76% | 22.92% |
# residential sales this month | 931 | 39.79% | -17.02% |
# residential inventory at month end | 5,008 | 21.39% | 28.42% |
# Total6 MLS® System sales this month | 1194 | 33.11% | -18.44% |
$ Value Total residential sales this month | $384 million | 37.29% | -17.02% |
$ Value of total MLS® System sales – month | $443 million | 34.44% | -17.04% |
$ Value of total MLS® System sales – YTD | $692 million | 147.66% | -15.91% |
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
9827-69 ave new listing
March 3rd, 2015Welcome to 9827-69 ave: 2+2 bedrooms adorable, one of the kind solid bungalow with secondary kitchen and potential to earn income not leaving your house.2 bedrooms on the main with potential 3rd bedroom converted from dinning area. Spacious kitchen with plenty cabinets and counter space. Basement is fully finished w/ separate entrance+2 spacious bedrooms, huge living room, full secondary kitchen& shared laundry area.Current long term tenants are paying$1000/mo+$300 utilities.Detached oversized 1.5 garage+room to park 4 vehicles. Property is backing onto a green space with 5 min walk to Hazeldean Elementary school, Mill creek ravine with its off leash dog park, 10 min to vibrant Whyte ave with its shops and restaurants. U of A is 28 min away by bus or 11 min by car. Walk to Canadian Wholesale Club west to 99 st. Transportation, shopping, exclusive Whyte ave, UofA and quiet location with private setting and chance to get extra income – all is combined in this property at the best price! you can find this home on youtube for veing more pictures http://youtu.be/D4jD67zL3zo
День святого Валентина в русской Школе “Ручеёк”
February 10th, 2015Наш День Святого Валентина в русской школе ручеек прошел на УРА! все детки получили сладкие сувенирчики, а большими победителями и детками, которые получили шанс пойти в Доллараму оказались :
Ваня Зверев
Илюша Лазарев
Никита Копержинский
Фуголь Богдан
Фуголь Алёша (двойное счастье!)
Розыгрыш проводили ученики старшей группы в присутствии дежурной мамы Иры Гудвин и директора школы Натальи Богдан.
Спасибо Ирине Миерзевской , русско-говорящему риэлтору в эдмонтоне за создание в школе небольшого радостного ажиотажика. Всем было страшно интересно узнать, кто выиграет.
Поздравляем!!!!
SOLD in Macewan!
February 3rd, 2015SOLD within 1 day on the market for top dollar!
MacEwan SW Edmonton community family home! best home to raise your family! safe and family-oriented neighborhood.
Clean, beautiful, 3+1 bedrooms 3.5 BATHS fully finished basmt, huge bonus room, heated tile floors in kitchen and upper bathrooms, glamorous hard wood floor, laminate throughout all house. pet/smoke free house! double attached garage. Double Tier dack with sun roof could be converted to sunroom.
granite, top of the line kitvchen appliances, raised kitchen bar, gas fireplace for cosy evenings, backing onto greenbelt, 2 min away from macewan playground, 5 min bus ride to LRT, stores, medical clinic, banks, all other services.
south common and A. Henday HWY is minutes away, Edmonton International Airport -15 min drive..
more photos you can see here:
Listings Up and Sales Down Means Bigger Inventory-lots of choices for buyers!
February 3rd, 2015Residential listings are up almost 30 percent compared to January of last year. 2,316 new listings came on the MLS® System for the Edmonton Census Metropolitan Area (CMA) in January compared to only 932 new listings in December. Sales for January were 666 (not adjusted) – down 13.5 percent month over month and down 25.9 percent from last year. These two factors resulted in a 35 percent inventory growth from 3,059 to 4,132 last month. Inventory is up almost 17 percent from the same time last year.
We ended 2014 with low inventory. While this is not unusual for the winter, it can make it difficult for buyers to find the right home. The influx of properties we have seen on the market in January will be a relief for buyers – allowing them more choice in their price range and possibly more time to make their selection.Buyers in the popular $400,000 price range often struggled in 2014 to find their ideal property or had to move quickly before it sold. This increase in inventory will be a great benefit to them.
Prices still remain strong in the Edmonton CMA market. The all residential price went up almost 1 percent from last month to $362,394 (up 3.75 percent from January 2014). Single family houses averaged $427,178 down half a percent from December, but up over 3 percent from the previous year. Condo prices stayed stable at $247,116 – up 5.5 percent from January 2014. We are continuing to see last year’s trend of high priced properties elevating the average prices. Last month, nine of the 666 properties sold for over $900,000.
The average days-on-market last month was 58, up from 55 in December and down from 60 in January 2014.
We are likely seeing the effects of oil prices and a feeling of economic cautiousness among some buyers. Clients are looking to REALTORS® for advice and guidance to navigate their own individual situations. We expect more of an uptake in the market as spring approaches and more people start to look for homes.Low interest rates will continue to drive the housing market.
If you have any questions – call your russian speaking real estate agent Irina Mierzewski and she will be happy to assist!
MLS® System Sales Up Over 11% in 2014
January 6th, 2015January 5, 2015: Sales of residential property through the Edmonton Multiple Listing Service® (MLS®) System in 2014 in the Edmonton CMA were over 11 percent higher than in 2013, exceeding growth expectations by a large margin. This increase was reflected across all property types including a 9.8% increase in sales of single family detached properties, an over 11% increase in condo sales and a 25.4% increase in duplex and rowhouse sales. There were 18,991 residential sales reported in 2014 as compared to 17,077 in 2013.
Prices were also up compared to 2013, with single family homes finishing the year 5.6% higher over last year at an average of $432,713. For 2014, the average price of a condo was $252,175 (up 4.5% from 2013) and the average price of all residential properties was $367,228 (up 5.2% from 2013).
2014 was a very busy year for your local REALTOR®. Edmonton and the surrounding areas experienced a great increase in volume of sales, but also a healthy increase in price. We did not see the sudden spikes in prices that we saw in 2007, but we did surpass the single family record price in March of 2014. An increase in newly built affordable condos and multifamily units coupled with historically low mortgage rates encouraged new buyers into the market. We also saw great migration into the province and a very tight rental market. These factors all play into a very active market in 2014.
The all-year sales-to-listing ratio was 70% (up 2% from 2013) with average days-on-market at 47 days (down from 53 last year). The active market was highlighted by a year-end inventory of just 3,059 properties, a similar number to the end of last year (3,049).
As is seasonally normal, prices and sales dropped in December from November, but are up year over year from December 2013 in all categories. The price of a single family detached property dropped 3.3% from $444,312 in November to $429,470 in December. Condo prices dropped 3.4% in December to $247,099 while duplex/row house prices increased slightly from November to $355,978. December all-residential unadjusted sales were exactly the same as 2013 at 770 and down almost 38% from last month.
If you have questions please talk to your local REALTOR® Irina Mierzewski about your options in this market and what is right for you!
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December 2014 | M/M % Change | Y/Y % Change | |
SFD2 average3 selling price – month | $429,470 | -3.30% | 1.80% |
SFD median4 selling price – month | $399,900 | -2.40% | 4.30% |
Condominium average selling price | $247,099 | -3.40% | 5.50% |
Condominium median selling price | $220,000 | -5.60% | 0.50% |
All-residential5 average selling price | $359,479 | -5.80% | 3.20% |
All-residential median selling price | $343,500 | -3.90% | 5.70% |
# residential listings this month | 932 | -34.20% | 19.80% |
# residential sales this month (reported) | 770 | -37.90% | 0% |
# residential inventory at month end | 3,059 | -21.70% | 0.30% |
# Total6 MLS® System sales this month | 1001 | -32.70% | 0.90% |
$ Value Total residential sales this month | $315 million | -34.20% | -1.72% |
$ Value of total MLS® System sales – month | $367 million | -35.20% | 1.00% |
$ Value of total MLS® System sales – YTD | $9.4 billion | 4.60% | 15.10% |
Happy New 2015 year from Your REALTOR for Life!
December 31st, 2014Merry Christmas Веселого Рождества всем всем всем! Пусть все ваши мечты сбываются со скоростью молнии!
December 24th, 2014о чем надо подумать при покупке дома?
November 18th, 2014
о чем надо подумать при покупке дома