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С 8 Марта, Дорогие Женщины!!!

Tuesday, March 8th, 2016

Prices dip as result of higher inventory

Wednesday, August 5th, 2015

July 2015 stats from Edmonton real estate board:

AVERAGE-DAYS-ON-MARKET–50-Days
SALES-TO-LISTING-RATIO–53%
HOMES-LISTED-FOR SALE-OVER $1M–190 homes
HOMES-SOLD-YTD-OVER $1M-70 homes
PRICES DIP AS RESULT OF HIGHER INVENTORY

статистика за июль 2015

количество дней на маркете –50-Days
отношение продаж к листингам –53%
количество домов, дороже миллиона на рынке –190 homes
количество ПРОДАННЫХ домов, дороже миллиона с начала года -70 homes
цены понизились из-за большого количества домов на рынке

Edmonton, AUGUST 4, 2015: Prices for all residential properties in the Edmonton for July were down from the previous month
.
The average all residential price was $372,910 (down 1.4% from June) due mostly to the drop in price of single family homes to $436,948 (down 1.8%). The drop was not felt across all categories with condo prices up 0.4% at an average of $256,708 and duplex/rowhouse prices up 1.4% from June at an average of $356,237.
While all residential average prices were down month over month, they still remained 3.3% higher than July of last year.

With reported all residential sales in July down 9.8% from June and down 2.8% from last year, average days on market is up to 50.
This is up from 46 average days on market in July 2014.
Single family dwellings spent an average of 48 days on market in July of 2015, duplex/rowhouses were at 43 days, and condos at 54 days.
“We have seen the biggest drop in condominium sales year to date at 14%. That drop coupled with an increase of condo listings of 17% explains why condos are taking longer on average to sell.

Some of these buyers may be moving over to duplex/townhouse options which is the only residential category showing an increase of sales of 6% year to date.”

There were 73 properties over a million dollars sold by this time last year, the exact same number as this year.
Inventory is still strong at 7,226 for the Edmonton CMA at the end of July 2015, up slightly from 7,177 in June and much higher than the 5,609 available in July of 2014.

All residential listings were up year over year by 14.9% but down month over month from June by 2.2%.

Edmonton Market , May 4, 2015

Tuesday, May 5th, 2015

Residential sales in Edmonton’s Census Metropolitan Area (CMA) are beginning to pick up with 1,597 in April 2015. That is up 10% from 1,453 in March but still down 13% from April 2014. Reported reported sales are up for duplex/rowhouse – which are up this month over 24%. Single family sales were 1,001 – down 13% over last April (1,147 reported). Condos took the biggest hit down 20% over last year with 432 sold.

Despite a decline in all residential sales, the average sale price was $337,270 up 3% from April last year. Single family dwellings sold for an average of $438,641 (up 2% from last April), condos for $252,935 (up 0.2% y/y) and duplex/rowhouses were $356,022 (up 7.23% y/y).

The end of month residential active inventory was 6,784 for the Edmonton CMA. April residential new listings were up 11% from last year at 3,298.  Average days on market were 44 compared to just 42 in April 2014.

 

 

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

MLS® System Sales Up Over 11% in 2014

Tuesday, January 6th, 2015

 January 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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Just Listed 925-116 street NW Edmonton

Thursday, November 6th, 2014

E3394903_201_12

Best Priced property in Twinbrooks-1996y.built 2storey,1860 sq ft.2 living rooms on main, spacious kitchen with island, open concept floor plan, vaulted ceiling, sun room, 3bedrms up+1 down, 2 full baths, double Attchd Garage and fully fenced and landscaped NW HUGE backyard (over 11,800 sq ft pie shaped lot)! Plenty of kitchen cabinets&counter space! Upper level offers 3 great size bdrms. Professionally developed bsmnt by the builder with HUGE rec room and a bedroom  – a great addition for older kids! Tons of storage! Tucked away from busy traffic,it’s the PERFECT property for raising your family in the SAFE&friendly Twin brooks – kids activities,playgrounds, one of the best elementary school – G.P. Nicolson, amazing shopping,grocery,banking,dental,hair,medicentre! 5 min bus ride to LRT! fast route to UofA.  A.Henday and only 15 min to YEG airport!

Market begins seasonal cool off a little later this year

Tuesday, November 4th, 2014

The Edmonton area has been blessed with a beautiful fall and the local housing market has followed the weather trend. The fall months always tend to be a quieter market, but this year sales remained strong a little longer than usual. Edmonton Census Metropolitan Area (CMA) total residential average prices remain stable (up 8.5% over last year) thanks in part to an incline in sales of higher priced houses.

The seasonal slide is reflected in the dip in single family sales, down 12% from last month at 850 sold (918 adjusted).  While still up almost 8% from last year, single family prices dipped down from $436,870 in September to $426,848 in October, a difference of 2.3%.

With an average price of $260,491, condos actually gained a bit of momentum going up 2.6% month-over-month and 9.75% year-over-year. Duplex/row house prices were also up month-over-month at $352,907.

In October, 2,049 residential properties were listed which is up 18.6% from last year. 1,412 were reported sold (1,525 adjusted) in the Edmonton CMA. Total days on market for all residential properties were down 3 days over October of 2013.

The demand for single family homes in the $350,000 to $400,000 remains high with 185 properties selling in this range in October. However, inventory is tight at the $350,000 to $400,000 mark with only 227 available properties available as of October 31. We have seen a lot of action this year in houses under $400,000. People may need to adjust their expectations when looking at houses in this range. There is a big demand for properties at this price point and with a light inventory, you may need to wait a bit longer to find the right house for you.

Another “hot” market is houses priced over a million dollars. We have seen this trend throughout 2014. Almost 2% of the single family dwellings sold last month were over a million dollars. Compare that to last October where less than one quarter of 1% of the sales were over a million. 125 million dollar plus homes have sold in 2014 compared to 94 at this same time last year and 75 in 2012.

CMHC to Increase Mortgage Insurance Premiums

Wednesday, March 5th, 2014

OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014.

The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including low-ratio refinance premiums. This does not apply to mortgages currently insured by CMHC.

For the average Canadian homebuyer requiring CMHC insured financing, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. This is not expected to have a material impact on the housing market.

Effective May 1st, CMHC Purchase (owner occupied 1 – 4 unit) mortgage insurance premiums will increase by approximately 15%, on average, for all loan-to-value ranges.

Loan-to-Value Ratio Standard Premium (Current) Standard Premium (Effective May 1st, 2014)
Up to and including 65% 0.50% 0.60%
Up to and including 75% 0.65% 0.75%
Up to and including 80% 1.00% 1.25%
Up to and including 85% 1.75% 1.80%
Up to and including 90% 2.00% 2.40%
Up to and including 95% 2.75% 3.15%
90.01% to 95% – Non-Traditional Down Payment 2.90% 3.35%

CMHC reviews its premiums on an annual basis and, going forward, plans to announce decisions on premiums in the first quarter of each year.

95% Loan-to-Value
Loan Amount $150,000 $250,000 $350,000 $450,000
Current Premium $4,125 $6,875 $9,625 $12,375
New Premium $4,725 $7,875 $11,025 $14,175
Additional Premium $600 $1,000 $1,400 $1,800
Increase to Monthly Mortgage Payment $3.00 $4.98 $6.99 $8.98

Based on a 5 year term @ 3.49% and a 25 year amortization

85% Loan-to-Value
Loan Amount $150,000 $250,000 $350,000 $450,000
Current Premium $2,625 $4,375 $6,125 $7,875
New Premium $2,700 $4,500 $6,300 $8,100
Additional Premium $75 $125 $175 $225
Increase to Monthly Mortgage Payment $0.37 $0.62 $0.87 $1.12

Based on a 5 year term @ 3.49% and a 25 year amortization

Local housing sales and inventory up in stable market – Feb 2014

Wednesday, February 5th, 2014

 

The residential home inventory on the Edmonton Multiple Listing Service® (MLS® System) rose 16% in January. Typically just over 1,800 homes in the Edmonton  come onto the market in January. Last month’s listings of 1,842 were higher than the 783 listed in December. Sales figures were higher than a typical January and higher than sales in December and January 2013. The increased inventory  kept prices stable in all housing categories.

Compared to December, the all-residential average3 price of $347,847 was down just $1,226 or
-0.16%. Single family detached (SFD) home prices were down 1.5% at $416,344. Condominiums were priced on average3 at $230,463 (down 1.5%) and duplex/rowhouses showed the biggest movement and were down 5.3% at $336,220.

Price stability and more property available for sale results in a balanced market.Right now both buyers and sellers have time to consider all their options and housing needs. More homes are listed every day and Irina Mierzewski your russian speaking REALTOR® can advise you of a suitable property as soon as it comes available.

The residential sales-to-listing ratio was 45% and the average days-on-market was 61 days in January compared to 73 days in January 2013. There have been four property sales over a $1 million already this year but half of the SFDs sold in January were sold at or below $385,000.

Strong economic indicators such as low unemployment, higher hourly wages and positive in-migration all support an optimistic view of the Edmonton and area housing market. Consumers are confident in their economic future and prepared to risk a first-time or move-up purchase. Low rental vacancies and the potential for higher rental rates are also attracting investors into the market.

Irina Mierzewski – your  russian/ukranian speaking REALTOR in Edmonton will be happy to answer all your questions and give her professional advise whether you sell or buy property in the near future.

January 2014 M/M % Change Y/Y % Change
SFD2 average3 selling price – month $416,344 -1.50% 4.60%
SFD median4 selling price – month $385,000 0.20% 2.70%
Condominium average selling price $230,463 -1.50% 6.70%
Condominium median selling price $216,500 -1.10% 3.80%
All-residential5 average selling price $347,847 -0.20% 6.70%
All-residential median selling price $329,500 0.45% 4.60%
# residential listings this month 1,842 135.20% 4.20%
# residential sales this month (reported) 820 10.00% -1.00%
# residential inventory at month end 3,537 16.00% -5.50%
# Total6 MLS® System sales this month 1,095 14.70% -11.90%
$ Total value MLS® System residential sales – month $328 million 12.90% -6.50%
$ Total value MLS® System sales – month $392 million 11.20% -3.80%
$ Total value MLS® System sales – YTD $392 million 11.20% -3.80%

September Housing prices up 5.4% from last year!

Saturday, October 5th, 2013

The all-residential average price for the first three quarters of the year in the Edmonton CMA is $350,741 as compared to $340,090 in 2012. In September, the all-residential average was $352,057, up 5.4% from a year ago and inching up from $351,455 in the previous month.

Year-over-year sales were also up 19.4% with 1,466 (adjusted, 1,357 actual) all-residential sales in September. There were 13,691 residential sales in the Edmonton CMA in the first three quarters of 2013 as compared to just 12,876 sales at the same time last year.

The market is very active with many properties attracting multiple offers.The increases in the Alberta population are driving the market and because of the steady sales there are inventory shortages at the lower price ranges.

There were 926 (adjusted, actual 857) single-family detached sales in September at an average price of $408,642 (up 3.9% Y/Y) as compared to 773 sales a year ago at an average price of $393,374. Condos sold on average in September for $243,655 (438 adjusted sales, 406 actual), up from $224,330 last September (up 8.6%). Duplex/row house sales were up with 79 (adjusted ,73 actual) sales, valued on average at $338,250 ($316,973 last year).

Average sales prices are the highest they have been in five years,Combined with the highest sales numbers since 2012, we have year-to-date residential sales values totaling $4.8 million. Strong market fundamentals, increasing population and the persistence of low mortgage rates have convinced many buyers that an investment in real estate is secure.

The September sales-to-listing ratio of 65% was the result of 2,089 residential listings and 1,357 residential sales. The inventory of available homes on the Edmonton MLS® System was down from 5,557 units in August to 5,111 units in September. It took 54 days on average (up one) to sell a home in the Edmonton area. Irina Mierzewski has access to all the latest market data and effective marketing tools and is the best source of real estate advice for both buyers and sellers.

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

September 2013 M/M % Change Y/Y % Change
SFD2 average3 selling price – month $408,642 -1.90% 3.90%
SFD median4 selling price – month $380,000 0.00% 3.50%
Condominium average selling price $243,655 -0.40% 8.60%
Condominium median selling price $226,000 -1.70% 3.80%
All-residential5 average selling price $352,057 0.20% 5.40%
All-residential median selling price $336,000 1.80% 5.30%
# residential listings this month 2,089 -9.10% 1.70%
# residential sales this month (actual) 1,357 -8.90% 10.50%
# residential inventory at month end 5,111 -8.00% -9.80%
# Total6 MLS® System sales this month 1,882 -5.60% 9.42%
$ Value Total residential sales this month $562 million -6.50% 14.83%
$ Value of total MLS® System sales – month $657 million -7.80% 14.30%
$ Value of total MLS® System sales – YTD $6.463 billion 11.90% 7.71%

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

3 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 sales 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. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact Irina Mierzewski – your local REALTOR®

Nothing Scary in Halloween Housing Market

Friday, November 2nd, 2012

Edmonton, November 2, 2012: Even with ghosts, ghouls, and goblins running through the streets, homeowners could find refuge in the local housing market. The REALTORS® Association of Edmonton reports that housing prices in October were up compared to a year ago and are the highest in October in the past five years. The all residential average price for the Edmonton Multiple Listing Service® was up 0.6% at $324,924 when compared to October 2011. The average price of a single family detached home was $372,061 up 2.1% over a year ago. Condos were priced on average at $234,177 which was an uptick of 1.8% from a month ago and up 5.4% from last October. Duplex/row house prices were down 1.1% Y/Y at $305,777.

Homesellers are pleased that their property may be worth more than it has been in the past five years but homebuyers can plan their financing in an environment of small, steady price increases. The housing market is be-deviled in other centres but here in Edmonton both buyers and sellers find it heavenly. The pace of sales is steady, prices increase year-over-year, there is sufficient inventory and average days-on-market is reasonable.

REALTORS® listed an average of 72 homes each day in October and sold an average of 44 per day. There were a total of 2,228 residential listings in October, with sales of 1,375 properties. As a result of lower listings and larger sales volumes, the month end residential inventory was down (-7.9%) from last month with 6,406 properties available. Days-on-market was an average of 61 and the sales to listing ratio was 62%. There was $447 million worth of residential property, $53 million of rural and $23 million of commercial property sold through the Edmonton MLS® in October.

Life happens to us all, unless you are an investor, the best time to buy or sell your home is when your lifestyle changes. No matter what your personal circumstances, Irina Mierzewski – your REALTOR® is here when life happens.

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