Fully Renovated Home Coming Soon to Elmwood – Edmonton. Do not miss this one. Thompson and Thompson are hard at work putting in the finishing touches and staging this home for the Edmonton Real Estate Market. This 5 Bedroom 2 Bathroom home will be complete from top to bottom and move in ready soon. Do not forget the huge front and rear deck, oversized double detached garage, upgraded kitchen, and so much more!
For more information and price contact me at 780-777-9703
OPEN HOUSE PRE-BOOKED FOR October 25, 2020 from 1 – 3 PM
To schedule a viewing outside of the open house schedule please let me know.
Need help with finding the right person for the job? Whether you are looking for cleaners, handyman, electricians, painters, furnaces, fireplaces, garage doors, and more I have used all the following providers!
I have done it all. Recently, many of my clients, customers, and friends have asked me for my updated list of service providers I use to maintenance my rental portfolio, build houses, and flip real estate. Here is a good lengthy list of those to contact in the Edmonton and area. These individuals and companies are location throughout Edmonton, Sherwood Park, Fort Saskatchewan and St Albert. When calling drop my name and my company as well! If you have any issues with any of the contact below let me know. I even included a couple of my favourite camp sites and wedding/photography locations!
The contact list I have includes everything from small handy man jobs, windows and doors, railings, arborists, cleaners, painters, and other related service providers. I also have included the website information for permit masters as well! Take the guess work out of permitting larger jobs and make sure things are done right. I am going to be updating this list more frequently and if there is anything else you require that is not on the list please reach out to me!
SERVICE PROVIDER LIST
Cleaning
Jenny with Holistic Cleans YEG (780) 293-5051 holistichoundcare@gmail.com www.holisticcleans.com
Dar with Loftrom Services (780) 915-4845
Painting
Dar with Loftsrom Services (780) 915-4845
Dean D. Handyman Pro (587) 784-2603 driedg22@gmail.com
Bill Jamieson (780) 908-1772 yourhandymansolution@shaw.ca
Handyman Jobs
Dean D. Handyman Pro (587) 784-2603 driedg22@gmail.com
Bill Jamieson (780) 908-1772 yourhandymansolution@shaw.ca
This is very eye opening. I am seeing and expect numbers to be even stronger for July. Stay tuned!
Welcome to another instalment of spring real estate in the Edmonton and Area. Sales are up. I have a few ideas why. I have written about 20 offers in the last 3 weeks in the Edmonton and Area (Sherwood Park, St. Albert, Fort Saskatchewan, Spruce Grove, and a bunch of Edmonton communities). I have been doing lots of house shopping lately and have a strong feel for the real estate pulse. Quality homes quality prices are getting tons of action. In fact I have been in 7 multiple offer situations recently.
My first guess is everyone who wanted to buy in March-May decided to take a break and see how things would unfold with the current health and economic climates in our market. This makes a lot of sense to me as some of my recent buyers are those who did exactly that. I also think this is a lot of folks who want to move (sell their homes) before any other changes in the market price and economic factors. Mortgage rates are as low as they have ever been. Just did a bunch of deals between 1.99 – 2.29%! (Mortgage Calculator – Mortgage Broker) Finally, there is a bunch of folks I have been dealing with that are selling their home as fast and cheap as possible to hedge their position in case things do drop in the fall/winter going into 2021. Either way people are buying. Do not be fooled though, there are properties that are very difficult to sell. No more important of a time to call me to discuss your market.
Check out the Realtors Association of Edmonton’s most recent update on real estate stats. Tells the story.
Residential Unit Sales Up 77.27% from last month. | RAE July 3, 2020
Edmonton, July 3, 2020: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for June 2020 increased 13.69% compared to June 2019 and increased 77.27% from May 2020. The number of new residential listings is up year over year, increasing 16.57% from June 2019. New residential listings are up month over month, increasing 20.22% from May 2020. Overall inventory in the Edmonton CMA fell 15.91% from June of last year but increased 2.54% from May 2020.
For the month of June, single family home unit sales are up 11.16% from June 2019 and up 71.26% from May 2020. Condo unit sales increased 11.03% from June 2019 and increased 116.36.% from May 2020.
All residential average prices are down to $360,179, a 1.54% decrease from June 2019, and up 1.76% from May 2020. Single family homes sold for an average of $423,184, a 0.20% year-over-year decrease from June 2019, and a 2.63% increase from May 2020. Condominiums sold for an average of $219,832, a 7.57% decrease year-over-year, and prices are up 7.57% compared to May 2020. Duplex prices dropped 2.49% from June 2019, selling at $329,377, which was a 1.27% increase from May 2020.
“The Edmonton market prices have declined in June, however there has been a slight increase in year-over-year unit sales,” says REALTORS® Association of Edmonton Chair Jennifer Lucas. “There have also been more sales of single-family homes, condos and duplexes compared to June of last year. Single family home pricing decreased 0.20%, duplexes are down 2.49%, and condos are down 7.57% year-over-year.”
Single family homes averaged 54 days on the market, a one-day increase from last year. Condos remained stable at 66 days on the market while duplexes averaged 64 days on market, a two-day decrease compared to June 2019. Overall, all residential listings averaged 59 days on market, the same year-over-year, and decreased by seven days compared to the previous month.
Hey everyone! This is a quick post with regards to the CMHC rule changes for July 2020. This will effect those obtaining an insured mortgage (under 20% down payment) after July 1. If you need to ensure this rule does not prevent you from purchasing your next home give me a call or reach out to Kris Crawford with Innovative Mortgage Solutions.
The other big mortgage insurance company, Genworth, is not changing their rules. When shopping for a home it is always best to talk to you bank and talk to a mortgage broker. Get the right advice and ensure the best deal possible!
Lots of great opportunity out there to find the perfect property! Any questions let me know! Check out my dream home finder – good place to start.
I want to let everyone know I am here to help. My full service real estate brokerage can help you navigate these changing times in our real estate economy. With everything going on in the world I think this is a good time to share with everyone how the real estate market has been effected. We are still busy out there but the truth of the matter is: sales are down, listings are down, activity has slowed in the overall real estate economy (and of course the economy in general). With such a drop is sales we will see a trickle effect on pricing and future motivation for buying in selling. I am going to quickly break down a few markets from last month and will do this again in another month. Time to really watch what is going on. If you are looking to buy sell or rent contact me today for the right advice!
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.