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Edmonton real estate news release for August 2015 sales

Thursday, September 3rd, 2015

September 3, 2015 news release: A single family home in the Edmonton sold for an average of $439,829 in august 2015. The average for all residential properties sat at $372,256.

Sales of all residential properties reported last month are down 5.6% from those reported in August of 2014. Inventory remains strong at 7,227 for the Edmonton area at the end of August 2015, up 35% from last August.

Average days on market for all residential properties was up again this month at 54.
Single family average days on market was up to 52 from 48 in July. Condominiums were averaging 56 days compared to 54 in July, and duplex/rowhouses took an average of 52 days to sell in August 2015

если Вас интересует купля или продажа недвижимости в эдмонтоне – пожалуйста звоните Ирине Миерзевски – лицензированному риэлтору в эдмонтоне с многолетним опытом,  она всегда рада помочь. телефон мобильный: 780-991-9764, офис:780-450-6300

 

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.

New listing 12320-135 ave only $285,000! sold over list price within 10 hours!

Wednesday, March 18th, 2015

SOLD  within 10 hours on the market over list price!! 12320-135 ave -1958 y built bungalow with over 1000 sq ft main floor. beautiful solid home with 3 bedrooms and 1 full bath. glamour hardwood floor needs some polish – but it perfect shape!single garage is detached but large over 550 sq m yard has more potential space for your vehicles. all transportation, all possible shopping and restaurants are 2 blocks north. schools and parks are in walking distance. Great home for young family or investors is offered only at $285,000!
Call me now to arrange your vewing! 780-991-9764 Irina Mierzewski – your Russian realtor in edmonton!

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beautiful hard wood floor, solid bungalow, north west edmonton, kensington,

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Listings Up and Sales Down Means Bigger Inventory-lots of choices for buyers!

Tuesday, February 3rd, 2015

Residential 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

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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Contest – Best pumpkin 2014

Wednesday, October 1st, 2014

Конкурс для наших детей и, конечно, родителей на самую лучшую тыкву! Вырежьте тыкву на халлоуин, поставьте ее фото на наш фейсбук или одноклассники получите наибольшее количество “класс” голосов – и вы – победитель!!!! Призом будет подарочный сертификат в мороженную фабрику “marble slab creamery” !!! Торопитесь , конкурс заканчивается 31го октября в 12 часов дня по времени Эдмонтона. Победитель будет объявлен в тот же день! Устанавливайте свои фото в альбом -“лучшая тыква 2014” с вашим именем и возрастом ребенка.

 

Pinokio-Halloween-Pumpkin-Carving

Мой город- ВЛАДИКАВКАЗ! My city – Vladikavkaz!

Monday, September 22nd, 2014

iphone irina sep 22 2014 106  iphone irina sep 22 2014 108

The city was founded in 1784[7] as a fortress during the Russian conquest of the Caucasus and was for many years the main Russian military base in the region.

The Georgian Military Highway, crossing the mountains, was constructed in 1799 to link the city with Georgia to the south, and in 1875 a railway was built to connect it to Rostov-on-Don andBaku in Azerbaijan. Vladikavkaz has become an important industrial center for the region, with smelting, refining, chemiphone irina sep 22 2014 107icals and manufacturing industries.

 

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From 1931 to 1944 and from 1954 to 1990, its name in both Russian and Ossetic languages was Ordzhonikidze (Орджоники́дзе) (afterSergo Ordzhonikidze, a Georgian Bolshevik), and from 1944 to 1954 it was officially called Dzaudzhikau (Дзауджика́у) in Russian andDzæwdžyqæw (Дзæуджыхъæу) in Ossetic. Vladikavkaz resumed its old Russian name, in 1990, shortly before the dissolution of the Soviet Union; the official Ossetic name was reverted to Dzæwdžyqæw.

Vladikavkaz was fought over in both the Russian Civil War and World War II. In February 1919, the anti-Communist Volunteer Army under General Anton Denikin seized the city, before being expelled by the Red Army in March 1920. In November 1942, the forces of Nazi Germany tried unsuccessfully to seize the city but were repelled.

In 19992008, and 2010, Vladikavkaz was a target of bombings.

Ethnic groups in the city (2002 data):[citation needed]

Climate data for Vladikavkaz
Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Record high °C (°F) 19.6
(67.3)
23.0
(73.4)
30.3
(86.5)
34.0
(93.2)
35.0
(95)
38.0
(100.4)
37.5
(99.5)
39.2
(102.6)
38.2
(100.8)
33.5
(92.3)
27.0
(80.6)
27.1
(80.8)
39.2
(102.6)
Average high °C (°F) 3.0
(37.4)
3.2
(37.8)
7.7
(45.9)
14.8
(58.6)
19.4
(66.9)
23.2
(73.8)
25.7
(78.3)
25.4
(77.7)
20.8
(69.4)
15.1
(59.2)
8.4
(47.1)
4.3
(39.7)
14.3
(57.7)
Daily mean °C (°F) −1.9
(28.6)
−1.7
(28.9)
3.0
(37.4)
9.5
(49.1)
14.1
(57.4)
18.0
(64.4)
20.6
(69.1)
20.1
(68.2)
15.6
(60.1)
9.8
(49.6)
3.6
(38.5)
−0.7
(30.7)
9.2
(48.6)
Average low °C (°F) −5.6
(21.9)
−5.7
(21.7)
−0.9
(30.4)
5.1
(41.2)
9.6
(49.3)
13.5
(56.3)
16.1
(61)
15.7
(60.3)
11.2
(52.2)
5.7
(42.3)
0.1
(32.2)
−4.2
(24.4)
5.1
(41.2)
Record low °C (°F) −27.2
(−17)
−27.8
(−18)
−22.0
(−7.6)
−8.9
(16)
−2.8
(27)
2.2
(36)
7.5
(45.5)
6.0
(42.8)
0.0
(32)
−10.0
(14)
−22.2
(−8)
−25.0
(−13)
−27.8
(−18)
Precipitation mm (inches) 31
(1.22)
34
(1.34)
54
(2.13)
85
(3.35)
140
(5.51)
175
(6.89)
109
(4.29)
89
(3.5)
75
(2.95)
60
(2.36)
46
(1.81)
31
(1.22)
929
(36.57)
Avg. precipitation days 6 6 8 10 14 14

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®

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