Weekly Market Minute: 25 May 2016

Here is your Weekly Market Minute for Edmonton & St. Albert.

As always, we are looking back over the last 7-days and the absorption rates are calculated based on sales activity from today minus 90-days.

Remember, the absorption rate reflects the length of time it would take to sell all of the current inventory on the market if no new listings were posted and the current market conditions remained the same.

An absorption rate of between 5 and 7 months is generally considered to be reflective of a balanced market; in other words neither buyer nor seller is favoured.

CMA EDMONTON

ACTIVE Listings: 8,452
Average List Price: $428,352

SOLD Listings: 309
Average Sale Price: $374,746
Average DOM: 52 days

Absorption Rate: 5.2 months

EDMONTON

ACTIVE Listings: 5,946
Average List Price: $434,572

SOLD Listings: 204
Average Sale Price: $372,168
Average DOM: 50 days

Absorption Rate: 5.2 months

ST. ALBERT

ACTIVE Listings: 445
Average List Price: $528,133

SOLD Listings: 28
Average Sale Price: $404,055
Average DOM: 36 days

Absorption Rate: 4.1 months

I welcome you to reach out to me if you have any questions about anything I’ve presented or would like to discuss the market in further detail.

Depending on your circumstances there’s rarely a bad time to buy or sell real estate so if you’re thinking about making a move I encourage you to contact your favourite REALTOR® without delay and of course if you don’t have a favourite REALTOR® I’d love the opportunity!

///…CP

Come Home To: 28 Flagstone Crescent

Welcome home to this 1,360 square foot 2+2-bedroom fully developed and renovated bungalow on Flagstone Crescent.

MAIN LEVEL
You will be pleased with the large picture windows in the living room, which flows into the formal dining room. The fully renovated kitchen is a chef’s dream with high end stainless steel appliances, ginger cabinets with crown mouldings, massive centre island with cook top stove and seating for four, and a beautiful view of the private backyard through the kitchen window or garden doors. Extra cabinets were added for storage and create a generous pantry.
The master bedroom is spacious with a 2-piece ensuite bath and his-and-hers closets. The second bedroom doubles as an office and a 4-piece bath completes the main floor layout.

BASEMENT LEVEL
The basement has been renovated and is fully developed with two additional bedrooms, a 3-piece bath, large family room, a rec room with a wet bar, laundry area, and storage room.

ADDITIONAL FEATURES
The private back yard is fenced and features a no-maintenance composite deck with aluminum railings and a garden area. There’s also a heated, oversized 22’x26’ attached double garage and central air conditioning.

Come home!

Download PDF Brochure

Address: 28 Flagstone Crescent, St. Albert, AB  T8N 1R3
Style: Bungalow
Built: 1972
Size: 1,360 square feet
Bedrooms: 4
Bathrooms: 2.5
Taxes: $3,656 (2015)
Municipality:
 City of St. Albert
Public School: St. Albert Public Schools
Catholic School: Greater St. Albert Catholic Schools
Recreational Facility: Servus Place

Contact us today for more information about this property or to schedule a viewing.

///…CP

Weekly Market Minute: 18 May 2016

Here is your Weekly Market Minute for Edmonton & St. Albert.

As always, we are looking back over the last 7-days and the absorption rates are calculated based on sales activity from today minus 90-days.

Remember, the absorption rate reflects the length of time it would take to sell all of the current inventory on the market if no new listings were posted and the current market conditions remained the same.

An absorption rate of between 5 and 7 months is generally considered to be reflective of a balanced market; in other words neither buyer nor seller is favoured.

CMA EDMONTON

ACTIVE Listings: 8,371
Average List Price: $428,246

SOLD Listings: 430
Average Sale Price: $398,235
Average DOM: 53 days

Absorption Rate: 5.3 months

 

EDMONTON

ACTIVE Listings: 5,838
Average List Price: $434,440

SOLD Listings: 299
Average Sale Price: $402,590
Average DOM: 53 days

Absorption Rate: 5.2 months

 

ST. ALBERT

ACTIVE Listings: 455
Average List Price: $520,921

SOLD Listings: 33
Average Sale Price: $418,756
Average DOM: 41 days

Absorption Rate: 4.4 months

I welcome you to reach out to me if you have any questions about anything I’ve presented or would like to discuss the market in further detail.

Depending on your circumstances there’s rarely a bad time to buy or sell real estate so if you’re thinking about making a move I encourage you to contact your favourite REALTOR® without delay and of course if you don’t have a favourite REALTOR® I’d love the opportunity!

///…CP

Come Home To: 58 Fenwick Crescent


Welcome home to this 1,542 square foot 2 plus 1 bedroom fully developed and renovated bungalow on Fenwick Crescent.

You will be impressed from the moment you step through the door! Beautiful hardwood floors, tray ceiling in entrance, stylish décor, and the gourmet kitchen will capture your attention.

MAIN LEVEL
The main floor has a spacious living room open to the dining area. The kitchen is a chef’s delight with custom cabinetry, full size fridge, full size freezer, concrete countertops, stainless appliances, corner sink over looking backyard, and eating bar. The master bedroom is large with a dream walk-in closet and a 4-piece ensuite bath with skylight, cork flooring, and walk-in shower. The large second bedroom is at the front of the house.

LOWER LEVEL
The basement has been renovated with a third bedroom, wet bar area, sitting area for entertaining, and a large family room.  The laundry room and another 3-piece bath complete the basement.

The private back yard is fenced and has a pressure treated deck, garden area, and a 24′ x24′ detached double garage. This home is situated on a quiet crescent and is close to schools, shopping, and transit.

Come home!

Download PDF Brochure

Address: 58 Fenwick Crescent, St. Albert, AB  T8N 1W6
Style: Bungalow
Built: 1972
Size: 1,542 square feet
Bedrooms: 3
Bathrooms: 3
Taxes: $4,080 (2015)
Municipality:
 City of St. Albert
Public School: St. Albert Public Schools
Catholic School: Greater St. Albert Catholic Schools
Recreational Facility: Servus Place

Contact us today for more information about this property or to schedule a viewing.

///…CP

Come Home To: 516, 2430 Guardian Road


Welcome home to this immaculate, updated 2-bedroom, 2-bath condo in Grange Pointe.

This east-facing, top-floor unit features 860 square feet, dark laminate floors, galley-style kitchen with stainless steel appliances, and a large dining area The family room is spacious with a set of patio doors out to the balcony offering panoramic views of the city; from the southeast to the northwest. The master bedroom is spacious with a walk-through closet in to the 4-piece ensuite bath. There’s also a 4-piece main bath, a second bedroom, and a combined storage and laundry room.

With its proximity to shopping and transit and easy access to downtown this unit is sure to please.

Come home!

Download Property Brochure

Address: 516, 2430 Guardian Road, Edmonton, AB  T5T 6X9
Style: Apartment Condo
Built: 2004
Size: 860 square feet
Bedrooms: 2
Bathrooms: 2
Taxes: $1,496 (2015)
Condo Fees: $283/ month
Municipality:
 City of Edmonton
Public School: Edmonton Public Schools
Catholic School: Edmonton Catholic Schools
Recreational Facility: YMCA – Jamie Platz
Transit: ETS

Contact us today for more information about this property or to schedule a viewing.

///…CP