🏠 10959 71 Ave , Edmonton, Alberta
Happy 1st of October 🍂🎃 We are SOLD in Parkallen! Congratulations to my out of town clients on the sale of their awesome property in Parkallen, Edmonton. Single family home with legal secondary suite (both suites rented long term).
✅ If you are interested in a free home evaluation or would like a market analysis on a potential property for rental, let’s have a chat! Call me direct at 780 777 9703!
The market sure is heating up! We’ve had multiple showings and a growing number of people heading to our open houses. There is no better time than NOW to look at your potential options in time for the SPRING MARKET.
Whether you are looking to expand your space, downsize or invest in a property, feel free to contact me. Realty Executives Focus is a full service brokerage assisting families in buying, selling and investing in real estate!
“YEG Housing Market Sees Stable Transition Into New Year”
“The Edmonton real estate market remained relatively stable from December as we transitioned into the new year,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “While many categories saw minimal decreases month-over-month, average prices for both the row/townhouse and apartment condominium categories saw increases when compared to December 2022.”
Single-family houses went for an average of $451,659, condos went for about $189,631 and duplexes sold for an average price of $355,086.
While it’s not unusual for the market to cool at this time of year, a climbing interest rate could be leading buyers to re-evaluate and sellers to reconsider moving. However, I anticipate activity will pick up in March just in time for the Spring market. If you have questions about the rising interest rates, forecasted home prices, or would like to know what these market stats mean whether you are buying or selling, feel free to contact me.
Source: https://www.realtorsofedmonton.com/Market-Stats/Monthly-Housing-Statistic
What is a Comparative Market Analysis?
A Comparative Market Analysis (CMA) is an estimate of the market value of a property and is typically completed by local real estate agents. Real estate agents compare recently sold properties based on the neighbourhood, size, and age to determine a market valuation for a specific house.
Even if you aren’t thinking of selling now or in the near future, it’s never a bad idea to know what numbers you are working with. This can help you in the long run! I can provide you with a FREE CMA. Over the years, I have listed and sold all types of properties. From vacant land to apartments to duplexes to single family homes to acreages in rural communities. I’ve listed in Edmonton and Surrounding Cities such as Fort Saskatchewan, Sherwood Park, St. Albert, Rural Strathcona County, Redwater, Beaumont, Gibbons, and more. If you don’t see it here, let’s chat!
You can check out all my current listings here!
Open Houses are a great way to get a feel for a property and ask any and all things real estate from one of our Realtors. If you are a first time home buyer, this is also a great starting point for your home search. See what you like/don’t like in a house, neighbourhood, features, amenities, and more.
We host open houses almost every weekend! Make sure to stay tuned on social media or click here to stay updated.
Learn about the current market trends for rental properties in Edmonton, Sherwood Park/St. Albert, Fort Saskatchewan, Leduc/Beaumont and other surrounding cities.
When it comes to finding properties that will earn steady income from rent, Edmonton has plenty of excellent options. And with record low mortgage rates, it’s a great time to consider investing in real estate to earn monthly rent income.
Here is our 2023 January Market Rental Report!
As a full service brokerage, Realty Executives Focus offers both buying/selling real estate and property management services.
With over 17 years of experience in buying/selling real estate and clients from first time home buyers to veteran real estate investors, I can help you with your next purchase!
Where to find me:
Last Wednesday, I attended the 2023 Edmonton Realtors’ Association Housing Forecast at the Edmonton Convention Centre! I am so glad this event is back! It’s the first event hosted by EREA post covid. The event is a great chance to talk real estate, review historical information and learn expected projections for the new year. This year was great and informative – just as expected.
The emcee, Canadian Comedian Steve Patterson, was back for his third year (hosted both in 2019 and 2020) and did an amazing and hilarious job. The very well spoken and knowledgeable speakers included Past and Present Board Chairmans from Realtors Association, Modern Economist Todd Hirsch, Corporate Economist from the City of Edmonton and the Associate Minister of Finance, Honourable Randy Boissonnault.
I wanted to share some insight and summary of what was presented and inform you of what these experts expect for 2023! There are some variable factors and economic drivers that can potentially impact these projections that may or may not be beneficial to our market. These include climate change, global economy, military spending, conflict overseas and more.
Expect to see sales decline slightly and prices to gain modestly. Overall, the national market is expected to see more balance between buyers and sellers, a change from pandemic markets characterized by record-high buyer demand. Years 2020-2022 are considered to be anomalies and as we move forward in 2023, we can expect to see the market “correcting and normalizing” itself.
Activity in Alberta’s resale and new home markets is being supported by strong population growth. Alberta’s population grew by 1.3% in the third quarter of 2022, the highest single quarter growth rate in over 40 years.
Large core age population – Alberta has the youngest population in the country, with an average age of 39. More than half (53%) of Alberta’s source population is between 25 and 54 years of age, the cohort in which most household formations occur.
Shifting Demand/Product Type
If you have any further questions or would like to discuss what this means for you and your real estate investment, please do not hesitate to contact me any time!
All the best!
THANK YOU!!!
And just like that, 2022 is over. Thank you for all your support and most especially, the referrals! Thank you to my clients, friends and family for an incredible year! I strive to always keep growing and I hope 2023 allows me to continue to help you in all your real estate needs.
In 2022, I have worked with tons of buyers and sellers – from first time home buyers and relocations to out of town investors and builders. I have been working as a Realtor for over 17 years now and I could not be more grateful for every single person that I have worked with. Every deal is on a case by case basis and no two are alike. That’s what I love about this work!
I am extremely excited and optimistic for 2023 so if you are interested in working with me or would like to know the current market and/or market predictions for the new year, feel free to give me a shout.
It’s an awesome and exciting time for buyers and sellers out there! The market is ON FIRE. According to the Realtors Association of Edmonton, total residential unit sales jumped to 69.3% in February 2022 from January 2022! That’s an insane number – especially in the start of the year. There is no doubt that March will be extremely busy.
At Realty Executives Focus, we introduced a new program called, “Sell or Buy You Get to Fly!” It is an amazing opportunity for those interested in purchasing an investment property (whether it is a new home or for income purposes) or those looking to sell. Be sure to click here for more information!
Win a $4,000 travel voucher from Realty Executives Focus!*
All you have to do is buy or list your property with one of our Agents, contract must be firm (also known as conditions removed or sold) by December 31, 2022 and that’s it!
T&C:*
1. Entry is valid to all Canadian residents who buy or sell a property with a Realty Executives Focus Agent in 2022.
2. The property must be in a firm contract (also known as sold or conditions removed) by December 31, 2022.
3. The winning entry will receive a travel voucher to the value of $4,000.00.
4. Winner will be drawn on January 3, 2023. The winner will be contacted via E-mail.
5. The voucher can be used for any form of travel to be booked with our travel agent before the 31st of December 2023.
Each office is independently owned and operated. Not intended to solicit individuals under contract with another Brokerage. Draw and incentive offer subject to rules and eligibility agreement.
Visit us at www.buysellfly.ca for more info! #REFOCUSTRAVEL
Now that restrictions are lifted and we are moving forward from the COVID-19 pandemic era – this is a great chance to start fresh!
Click here for a free market evaluation where we can take a look at your home and see what potential numbers we can work with. It is not an obligation to work with me as a Realtor but I would love to be your resource.
Click here for a mortgage calculator! It is a great tool to see your starting financial numbers and what you are budgeting for.
Buying a home is the biggest financial decision many people make. As with any major decision, a key question to answer before proceeding: Why?
Perhaps your why is a larger home to raise children, or have a yard, or get to a better school system, or in the time of COVID-19, to find a home office. There is no right or wrong answer, merely the best one that fits each individual circumstance.
The benefits of home ownership don’t come without costs and limitations. For some, renting may be a better option. The pros and cons of buying a house should be considered as you think through the process, and before a decision is made.
One recent significant consideration: The COVID-19 pandemic lit the housing market like a bottle rocket. Home prices rose in early 2021 at the fastest pace in 15 years. The most affordable homes rose 16.5% year over year. Too, homes are being snapped off the market with Usain Bolt-like speed, sometimes sight unseen.
The boom in sales and buying is expected to continue for several more months, at least. It’s great for sellers, provided they have found a home they can afford to buy. It’s not so great for those who may not be able to afford a down payment, or who can’t act fast. Buyers well positioned to make an offer can find their dream home; they just have to act quickly. In this housing market, there is no reward in hesitating.
Before buying a home, it’s important to consider how the purchase will affect your finances and lifestyle. Review as many of the advantages and disadvantages of becoming a homeowner before making the commitment.
Home ownership might not be for everybody, at least not in every stage of life. Before you buy, consider whether that is right for you right now.
| Own Or Rent | Advantages | Disadvantages |
|---|---|---|
| Homeownership | Privacy Usually a good investment More stable housing costs from year to year Pride in ownership and strong community ties Tax incentives Equity buildup (savings) | Long-term commitment Maintenance and repair costs Lack of flexibility Usually more expensive than renting High up-front costs Foreclosure |
| Renting | Lower housing costs Shorter-term commitment No/minimal maintenance and repair costs | No tax incentives No fixed housing costs No building of equity |
In assessing the pros and cons, ask yourself three questions.
“The down payment, closing costs and risk of sudden, very large expenses popping up combine to make it a very expensive proposition,” he said. “You need to save above and beyond your mortgage payment for infrequent yet major household expenses so that you keep it up properly. And making a smaller down payment and paying private mortgage insurance (which protects a lender in case you default on your mortgage) only increases the total cost of ownership.”
“It can be difficult to break even on a house if you stay in it for three years or less; the closing costs and commissions are significant, and expecting the house to appreciate in value enough within three years to make up for those costs may be setting your expectations too high,” Figgatt said. “And remember that your entire mortgage payment does not go towards the home’s equity. During the first year of your mortgage, depending on the terms, perhaps only about 30% of the principal and interest payments will actually go towards the principal of the home.”
“If you’re looking at the purchase as an investment, it could work out very well, but high fixed costs mean the shorter the amount of time you hold the property for, the less likely you are to come out ahead relative to other investment opportunities out there,” he said. “Constantly buying and selling houses if you move frequently may be eating up wealth, not increasing it. And if you plan to rent the place out after you move, make sure you have a plan for managing the property – be ready to pay for that, too.”
Big financial decisions can be scary, and you don’t want to be paralyzed into inaction. I can help you think through the variables so you can decide if this is a smart decision right now.
A mortgage calculator can help sort through costs and budgets. I can help connect you with a mortgage broker to consider your financial options (budget, affordability, credit score, etc.)
My home buyers’ guide can also be a great stepping stone for those looking into homeownership. You’ll learn how to prepare for owning a home and get a better understanding of the home purchase process, including how to finance and afford a home for the long term.
If you have any questions or would like to have a quick chat, feel free to reach out. Furthermore, as both a Realtor and Property Manager, I have over 16 years of expertise and a well-rounded experience on both renting and owning a home. If you are currently renting and would like to take the next step and purchase a home, we can go over different options specific to your situation.
Lastly, there are tons of resources out there but it’s always great working on 1-on-1 with a professional that can cater to your current situation. I would love to help you out and be apart of your journey! Email me or call me at 780-777-9703.
2. Click here for my listings!
3. Click here for a free Mortgage Calculator!
4. Click here for your Dream Home Finder!
Connect with Me:
While doing the work yourself can save you the significant commission rates many real estate agents command, for many, flying solo may not be the way to go–and could end up being more costly than a realtor’s commission in the long run. Buying or selling a home is a major financial (and emotional) undertaking.
Even though you do not necessarily think that you need an expert to sell a home, hiring professional real estate agent who specializes in your area or property type is critical. With 16 years of experience as a Realtor and Property Manager, I have seen first hand hundreds of different scenarios when buying and selling a home. From all aspects of marketing and promotion to legal issues, a real estate agent can guide you through the process and in a lot of cases, saving you time and money. The key is to find the right agent that has all the professional and personal attributes that you require.
Real estate agents can be put in charge of all the listing and selling requirements as well as client visits. This saves you a lot of time and effort so that you can do more productive tasks while they are taking care of the matters related to your home. For example, if you were to list your property let’s say on Kijiji or Facebook Marketplace, you would have to respond to a lot of inquiries (both from serious and non-serious viewers!). If you had to be the only one to sift through property listing responses and all open house viewing, all your free time would go to that.
With a real estate agent, we can do the following:
Real estate agents possess key knowledge and information about your neighbourhood. From Sherwood Park, Fort Saskatchewan, St. Albert, Edmonton and Surrounding Area, I have worked in these neighbourhoods gaining extensive knowledge of the market. We can help you identify:
Your agent knows what kinds of upgrades will make your home look more attractive to buyers compared to other houses in the area. With a FREE Comparative Market Analysis (available here), we can take a look at the current listing/selling points around your neighbourhood – determining the current value of your property! This will give you an edge in terms of helping you sell your property more quickly.
When you find a potential buyer, a real estate agent will try to get you the best price in all market conditions. Negotiation skills are very important when selling your home, since this makes or breaks your deal. With a real estate agent, you can rest assured that not only do you have someone working on your side, the agent is there for your protection so it’s a win-win situation.
A successful real estate builds credibility based on the results of forming good relationships with his or her clients. To this day, I am in constant communication with all past clients! Because of this, they give great importance and attention to detail to make sure that their clients are satisfied and happy. These positive client relationships result in referrals of an agent to friends and acquaintances which builds trust based on past performance. It also means that agents have an established set of potential buyers that you can potentially tap into from previous listings.
As you can see, there are many extremely important benefits to hiring a real estate professional. The sale or purchase of a home can be one of the most important financial buying or selling decisions in a person’s life. As such, its extremely wise to get the help of a real estate professional working on your side.
If you are interested in working with me, feel free to give me a shout at 780-777-9703!
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |
Getting ready to sell your house? Then it’s time to roll up your sleeves and get to work! Selling a home, after all, entails a whole lot more than just planting a “For Sale” sign on your front lawn or uploading a few random photos of your place—especially if you’re angling for the most cash. (And, honestly, who isn’t?)
Before you put your house on the market, ask your real estate agent for guidance on improving your home’s presentation. I can tell you what buyers expect in your particular market (Sherwood Park, Fort Saskatchewan, Edmonton, St. Albert and Surrounding Area) and at your home’s price point. You can click here for a FREE Comparative Market Analysis so you know what’s going on in and around your area! The following 10 steps are a way to get a good head start on preparing to sell your home.
1. Welcome buyers. Make your front door visible and accessible to buyers. Paint the door, clear debris and clutter from the walkway and yard, mow the lawn and prune hedges. Pot or plant colourful annuals and perennials to attract attention from the street. Fix broken screens, doorbells, roof tiles, shingles and outdoor lighting, and replace your doormat. Exterior defects can make a poor first impression on buyers.
2. Make it sparkle. Cleanliness implies a home has been well taken care of, so deep cleaning can win points with buyers. Buyers scrutinize homes, especially kitchens and bathrooms. Recaulk and repaint to give these grime-prone rooms a fresh and clean look. Clean rugs and carpets to eliminate unsightly stains or dinginess and eliminate odors. Tidy each room, including cabinets, closets and the garage, before showing. And if it seems daunting to do all that cleaning yourself, consider hiring a professional cleaning company to take care of all of it for you.
3. Start packing. Cramped and cluttered rooms turn buyers off and make your house look smaller. A home packed with your personal belongings also makes it difficult for others to envision living there. Start by storing away excess furniture, toys and personal decorations, such as family photos. Pack up things you don’t use on a daily basis, and put them in storage or ask a friend to hold onto them. Decluttering your house also gives you a head start on your move.
4. Paint wisely. A well-done, no-frills paint job is all you need. Put a fresh coat of paint on white or beige walls, and repaint walls that have eccentric or unconventional colors. Nature- and spa-inspired neutral colors, such as taupe and subtle gray, are the best choices. Definitely don’t forget the trim and molding either. And a fresh paint job on outdated or worn cabinetry goes a long way, too.
5. Fix the small stuff. Repair or replace broken or outdated hardware throughout your home. You can install new door handles, faucets, towel bars and curtain rods – fixtures that are readily visible to homebuyers – rather inexpensively. New hardware in the bathroom, kitchen and on windows and doors also improves the functionality and safety of these components.
6. Update lighting. Replace decorative light fixtures that no longer fit your home’s cleaner, fresher look. Install new bulbs with the appropriate lighting for specific areas of your home. For example, ambient, low-key lighting fills a room, whereas directional or task lighting works better in areas like a reading nook. Use accent lighting to highlight focal points in a room, such as the artwork above a mantle, to draw buyers’ attention to certain selling points.
7. Frame windows. Ensure you have the right window treatments, which enhance natural brightness and boost the appearance of a home. Window treatments also can impact a room’s temperature because they reduce or increase the amount of light entering the space. Adjust window treatments appropriately when showing your home in the mornings, afternoon and evenings.
8. Set the table. Fresh, decorative flowers in the kitchen or on the dining room table are always a nice touch. Also, keep place settings handy for your tables so you can quickly set them out right before showings or an open house. Pull out all the formal stops for a dining room, and keep the table casual in the kitchen.
9. Hide unsightly everyday items. Don’t leave children’s toys and pet belongings out in the open during showings and open houses. Move litter boxes, pet dishes, toys, animal crates and kids’ entertainment to less conspicuous areas of the home, such as an outdoor storage unit or garage before each showing or open house. Also think about where you can store things like dirty laundry and dirty kitchen sponges.
10. Don’t forget the back. Keep your backyard looking spacious and functional. Plant or pot colourful flowers and keep the landscaping trimmed and neat. Consistently pick up after your pets so buyers feel comfortable touring the yard.
Contact me at 780.777.9703 or reach me here and we can get you started today!
Where to find me:
Here we go 2020! I attended the 2020 Edmonton Realtors Association Housing and Economic Forecast this past Wednesday morning. I love this yearly event! Great chance to talk real estate, review the recent past, and look into the year to come. This year was great and informative as expected.
Continue reading →