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Posts Tagged ‘homes in edmonton’

STAGING YOUR HOUSE TO SELL

Saturday, August 15th, 2015

Home staging plays a very important part in successfully selling your house. The impression that the buyer makes of your home is what will determine him to make you an offer for it or keep looking. Here is what a properly staged house should convey to the buyer:Staged-before-after

Cleanliness

Your house needs to look spotless. Because we might at times miss something important, it’s recommended to hire a professional cleaning firm at least once before starting to show your house to prospective buyers. While you are at it, it’s a good idea to depersonalize the space – remove family photos and personal items off the shelves, to allow the buyers to feel more comfortable inside your house and not like they are intruding in someone else’s home.

Space

The first thing you need to do in order to create space is to de-clutter. It’s a good idea to just take a look around and remove anything non-essential. Don’t forget kitchen appliances – it’s best to just remove or hide them, same with knives and anything else you might have lying around. Instead, add a vase of flowers or a bowl of fruits.

Your rooms need to look warm and inviting. Furniture can play a significant part here. It’s a good idea to arrange it in such a manner as to maximize the impression of space and at the same time group pieces together to maximize the potential for conversation.

BrightnessStaging

Buyers love a house which has enough light. Make sure your windows let as much light through as possible, and change your lamps with stronger ones. You should aim for something in the range of 100w for 50-60 square feet.

Color

It’s a good idea to use neutral colors for areas like the living room and kitchen, because beside being the safer option (different people have different tastes), it also makes a room look more spacious and brighter. For bedrooms however, don’t be afraid to use other colors. Avoid strong, vivid colors like pink – instead go for dark, relaxing colors, which will make the room look more intimate and cozier.

You can further add color to your house by using décor, such as flowers or artwork. Experiment with the way you arrange them, to obtain the best possible effect and draw attention to specific areas of the room.

Every buyer looks for the perfect house. And while it’s true that different people can have very different ideas of what the perfect house should look like, by applying the tips above you will greatly increase the chance that they visualize your house as their future home.

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®

Housing prices and sales up in active, but balanced market

Wednesday, April 3rd, 2013

The REALTORS® Association of Edmonton reports that residential property prices in the Edmonton CMA1 were up again in March. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 3.5% in a month and single family detached prices were up 3.9%. Compared to March 2012, the all residential price was up 4.3% and the SFD price was up 7.0%.

Because of a shortage of lower priced homes, the average price is pushed up as buyers move up-market to find a home. The increase in average price may not increase the market value of a particular property. The relative number of homes sold in the $450-650k price range increased from 12.2% to 14.5% year-over-year while homes under $300,000 dropped from 40.7% of the market to 38.2%.

The average price for a single family detached home was $416,739 in March, condos were priced at $246,574 (up 6.3% m/m), duplex and rowhouses at $316,110 (down 4.9% m/m) and the all-residential average price was $354,759. SFD prices peaked in May of 2007 at $424,400.

The demand for homes in the Edmonton area continues to be driven by net job creation and low unemployment, economic stability and low rental vacancy rates. Sales were brisk with the sales-to-listing ratio up at 57% for March which indicates that almost six of the ten homes listed during the month were sold. Days-on-market was down from 57 in February to 50 in March.

The number of homes available for sale in the MLS® System inventory was up from 4,183 to 4,741 in March. While this is an increase of 558 properties from last month, it is down 15.4% from the same time last year. The lower inventory is exerting upward pressure on prices but has a dampening effect on sales. “When first time buyers cannot find a house that meets their needs or are forced into a multiple offer situation, they often remain on the sidelines. Low interest rates and rising rental rates create the interest and desire but lack of suitable properties means they are not able to make the transition to home ownership at this time.

REALTORS® are facing some multiple offer situations on lower-priced property but overall, the market remains in balance with neither buyers nor sellers having an advantage in most neighbourhoods.

Residential sales in the Edmonton CMA were up 1.14% in March as compared to March 2012. There were 1,497 estimated sales (1,386 reported) on listings of 2,422 during the month. SFD sales were down 6.63% from last year but condo sales more than compensated at 8.84% y/y increase. Note that sales numbers are estimated to reflect late reported sales and make a more accurate comparison with prior month actual sales.

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

March 2013 M/M % Change Y/Y %  Change
SFD2 average3 selling price – month 416,739 3.93% 7.03%
SFD median4   selling price – month 380,000 1.20% 4.40%
Condominium average selling price 246,574 6.34% 7.53%
Condominium median selling price 229,500 8.03% 4.32%
All-residential5   average selling price 354,759 3.51% 4.30%
All-residential median selling price 329,700 0.84% 2.00%
# residential listings this month 2,422 21.40% -14.93%
# residential sales this month 1,386 37.50% -6.35%
# residential inventory at month end 4,741 13.34% -15.41%
# Total6 MLS® System sales this month 1,822 33.58% -8.30%
$ Value Total residential sales this month $569 million 40.02% -2.54%
$ Value of total MLS® System sales – month $644 million 36.88% -5.17%
$ Value of total MLS® System sales – YTD $1.458 billion 39.82% -4.81%

Canada is Still the Best Place to Own a Home!

Tuesday, March 19th, 2013

Canada is one of the best countries in the world for home ownership. We are now clearly the fastest growing nation in the G8 regarding immigration as recently reported in the Globe and Mail. Canada is setting its sights on an annual immigration of 400,000 people by 2016 up from the current 320,000.
The demand for home ownership across all provinces will be significant for decades. As Canadians we can feel confident that our home will continue to be a place where we raise our families, have our dreams come true and remain a cornerstone of our life long financial wellbeing, despite what the media would like us to believe.
The U.S. economy is showing signs of consistent growth with housing starts and new jobs leading the charge. This of course bodes well for us and is particularly welcome news for our manufacturing and resource sectors.
So the economy on both sides of the border looks promising, immigration will continue to add to the growth of Canada and interest rates are historically low. Regardless of what some might want us to think Canada is Still the Best Place to Own a Home!
If you know anyone who is looking to buy a home, it’s important that they get pre-approved today! The spring market is fast approaching and there is evidence everywhere of a pent up demand. Having that pre-approved mortgage in hand can give someone the advantage over other buyers.
Call or email me today!

Consumer confidence results in higher unit sales in July

Friday, August 3rd, 2012

Edmonton, August 2, 2012: The average* price of resale residential property softened in July according to figures released by the REALTORS® Association of Edmonton today. The all-residential average price dropped from $342,014 in June to $335,501 in July (down 1.9%). The average single family detached price in the service area of the Edmonton Multiple Listing Service® was down 2.3%, the average condominium price was down 2.1% and the duplex/row house price was off 3.25%.

“Housing prices continue to follow seasonal patterns but residential unit sales are 3.6% higher than last July,” said REALTORS® Association of Edmonton President Doug Singleton. “That being said, the price drops are minimal and still about 5% higher than they were at the beginning of the year.”

There were 2,801 residential properties listed in July with 1,624 sales and the average days-on-market was up one at 52 days. The sales-to-listing ratio was stable, moving slightly from 58.4% in June to 58.0%. Eager first-time buyers are snapping up homes listed below the median price of $325,000 and reducing the inventory of lower-priced homes. A steady stream of new listings helped the residential inventory remain solid with 7,684 properties available, especially at the higher-priced end of the market.

The number of single family homes sold in the $450,000 or higher range is up about 26% in 2012 as compared to the past five years. This trend is expected to continue for the rest of the year. Homes in this range also sold faster this year than in previous years. Days-on-market was the lowest it has been in five years at just 40 days in 2012 and the spread between the list and sold prices was lower at 2.3%.

“Persistent low mortgage rates, job stability and higher average incomes in Edmonton result in consumer confidence which has opened up the higher end of the market,” said Singleton. “Many of these sellers are moving up and do not want to carry two properties. They need to sell so that they can close on the new property; so they are doing all they can to ensure a reasonable but quicker sale. The increased inventory at the higher end is creating some pressure on sellers to keep their list prices reasonable. Once again, consumer confidence and access to low cost financing is driving the upper end of the market even while providing buying opportunities for first-time buyers.”

There have been 64 sales of properties over $1 million so far this year as compared to 66 in all of 2011. Those top end properties sometimes take over a year to sell but the average DOM is just 72 days; down from 78 last year.

Путь к продаже вашего дома лежит через кухню

Tuesday, May 8th, 2012

Путь к продаже вашего дома лежит через Кухню

Продавцы
понимают, что путь к сердцу потенциального покупателя лежит через кухню. За многие
годы, кухня стала тем самым местом, где за большим столом собирается вся семья,
где готовится завтраки обеды и ужины, где собираются друзья и конечно же где
дети делают свое домашнее задание. Таким
образом,  одним из самых многомерных и
функциональных комнат в доме является кухня.

Её ремонт и привлекает внимание многих
покупателей, которые хотят увеличить стоимость перепродажи  дома в будущем, или просто улучшить свои
условия и уют в доме.

Хотя,
надо сказать, что продавцы чаще не хотят связывать себя в дополнительным
расходом и вложением времени перед продажей дома. Согласгл проведенным
исследованиям, ремонт кухни приносит 75-100% возврата на вложенные деньги, т.е.
второй после ремонта ванной.

К счастью. Ремонт дома не такой уж сложный проект как некоторым может показаться.
С увеличением центров «сделай сам» можно экономически эффективным способом
увеличить стоимость вашего дома без высоких цен на квалифицированного
специалиста.

Вот несколько шагов, которые вы можете предпринять.

По
Rona.ca, кухонные шкафы являются одной из лучших инвестиций, которые можно
сделать в доме. Для многих покупателей недвижимости первые впечатления происходят
на кухне. Потратив чуть больше на качественныекухонные шкафы и  ручки для них, можно ожидать, что ваши
инвестиции в вознаградят вас сторицей.

Покрасив стены и шкафы на кухне, в случае еслы вы не собираетесь их менять,
можно изменить внешний вид кухни с минимальными затратами и сделать комнату
более просторной.

Светильники и люстры часто являются одними из последних вариантов улучшения на
кухне, но часто про них забывают, когда кухня отремонтирована. За счет
добавления новых источников света на кухне, можно объединить архитектурный и
декоративный баланс в комнате. Хорошим освещением можно выделить некоторые
особенности кухни, такие как Backsplash или рабочую стенку сделаную камнем или
мозаикой, чтобы создать более яркий и привлекательный вид.

Каждой кухне нужна раковина и смеситель. Но когда речь идет о перепродаже дома,
только некоторые из  продавцов  видят ценность в замене раковины. Кран и
раковина является одним из наиболее важных особенностей кухни. Когда покупатели
входят в комнату, они, естественно тяготеют к раковине и проверяют краны.Это
дает чувство домашнего очага, особенно потому, что они тратят большую часть
своего времени на кухне.

И напоследок, статистика по Эдмонтону и
прилежащих районах:

В Апреле 2012 года вышло на рынок 3253
резидентских листинга. Из них продалось 1713. Это значит, что продается 53%
домов.

Среднее количество дней на маркете
составило 50.

С акрейджами и вне городскими продажами
чуть сложнее – выставлено было 648 участков с домами, продалось только 165 –
т.е. 25%. Среднее количество дней составило 82.

Самыми популярными районами в Эдмонтоне
стали северо-центральный со 153 продажами и ср ценой $347,645, Юго-восток
города – 134  продажи со ср ценой $357,040
и юго-западный со 117 продажами и ср ценой $521,778

На конец апреля активных листингов по
эдмонтону и районам – 7,334. Если в среднем продается с среднем 1800 домов в
месяц, то инвентории у нас сейчас предостаточно на следущие 4 месяца.
Покупатели, у вас все еще есть большой выбор!

Если у вас есть вопросы – пишите,
звоните, я всегда отвечу.
Удачных сделок!!!

Ирина Миерзевски

780-991-9764

www.irinahomes@live.com

irinahomes@live.com

РИЭЛТОР® ABR®

Realty Executives Polaris

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