The Gist: March 2017

“The Gist” is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. Every month I summarize and post “the gist” of the MLS® data for Edmonton and area real estate activity.

The average*** single family detached price in the service area of the Edmonton Multiple Listing Service® was up 3.04% to $439,139.
The average condominium price was up 3.86% to $242,632
The average duplex/ rowhouse price was up 0.41% to $348,806
The average days-on-market in March was 50-days for single-family, 67-days for condos, and 62-days for duplexes..
There were 1,474 reported residential sales and 6,806 residential units for sale at month end.

The REALTORS® Association of Edmonton releases month-end and year-end results for sales through the local Multiple Listing Service® and includes all residential sales for the City of Edmonton and surrounding communities and counties. ***Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. Prior period 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. For information on a specific area, contact me directly***
Activity (for all residential sales on Edmonton MLS® System)

March
2017

Change from
February

Change from March 2016

SFDaverage selling price – month

$439,139

3.04%

0.49%

SFD median4 selling price

$397,800

1.61%

-1.04%

Condominium average selling price

$242,632

3.86%

-3.11%

Condominium median selling price

$218,000

-2.82%

-6.64%

All-residential5 average selling price

$371,680

3.13%

-1.36%

All-residential median selling price

$349,500

2.73%

-2.05%

# residential listings this month

3,080

26.7%

1.42%

# residential sales this month

1,474

31.8%

1.80%

# residential inventory at month end

6,806

11.4%

-8.10%

# Total6 MLS® System sales this month

1,944

37.6%

6.87%

$ Value total residential sales this month

$618 Million

37.0%

0.73%

$ Value of total MLS® System sales – month

$727 Million

44.4%

6.28%

$ Value of total MLS® System sales – YTD

$1.60 Billion

81.1%

15.8%

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales



///…CP

Come Home To: 90 Ormsby Road West



Welcome home to this meticulously maintained and updated 2,339 square foot, 4-bedroom, 2-storey situated on a secluded and private 8,600 square foot (0.2 acre) pie lot.

MAIN LEVEL
The main floor of this beautiful home greets you with a grand sweeping staircase and tall ceilings. The formal living room and dining room feature gleaming hardwood floors. The renovated kitchen with heated tile floors, corner pantry, and breakfast bar is open-concept to the dining nook and offers access to the 15’ x 14’ covered rear deck, the included hot tub, and park-like back yard. The sunken family room features a wood-burning fireplace. A main floor laundry room with separate entrance to the outside and a 2-piece powder room complete the main floor.

UPPER LEVEL
Upstairs you will find the master bedroom with large closets, a 5-piece ensuite bath with heated tile floor and featuring a double Jacuzzi tub, double vanity, and corner shower. Three additional bedrooms and another 4-piece bath complete the upper floor layout.

LOWER LEVEL
The lower level is largely undeveloped though the exterior walls have been insulated and drywalled and the floor has been painted.

ADDITIONAL FEATURES
This home has some newer windows and doors, newer furnace, new carpets, renovated cabinetry, has been freshly painted and features central air-conditioning, underground irrigation, and an attached heated and insulated oversized 23’x21’ double garage.

Come home!

Download Property Brochure

Address: 90 Ormsby Road West, Edmonton, AB  T5T 5T4
Style: 2-Storey
Built: 1990
Size: 2,339 square feet
Bedrooms: 4
Bathrooms: 2.5
Taxes: $3,905 (2016)
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

Come Home To: 7, 3917 McMullen Green SW


Welcome home to this rare detached bungalow in the desirable complex of MacEwan Cove. This fully developed 1,476 square foot bareland condominium unit has been meticulously maintained and features 10’ ceilings throughout, maple hardwood flooring, crown mouldings, and plenty of large windows.

MAIN LEVEL
The spacious living room is inviting with its gas fireplace and grand bay window. The kitchen offers a very functional layout with stainless appliances, maple cabinets, and loads of counter space. The kitchen is open to the dining area and patio doors lead to the backyard and deck.
The main floor laundry, full 4-piece main bathroom, and the second bedroom are next to the master bedroom. The master features a walk-in closet and a 5-piece ensuite bath with double sinks, jetted soaker tub, and full size walk-in shower.

LOWER LEVEL
The basement is fully developed with an additional bedroom, large family room, and an additional flex area perfect for work out equipment or reading space. The bathroom still needs the tub/ shower and a few finishing touches but is a functional 2-piece bathroom.

ADDITIONAL FEATURES
Additional features include central air conditioning, built-in vacuum system, and an oversized attached double garage that is insulated and drywalled.

Come home!

Download PDF Brochure

Address: 7, 3917 McMullen Green SW, Edmonton, AB  T6W 1K7
Style: Bungalow, bareland condominium
Built: 2003
Size: 1,476 square feet
Bedrooms: 3
Bathrooms: 2.5
Taxes: $4,226 (2016)
Condo Fees: $260/ month
Municipality:
 City of Edmonton
Public School: Edmonton Public Schools
Catholic School: Edmonton Catholic Schools
Recreational Facility: Terwillegar Community Rec Centre

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

///…CP

The Gist: February 2017

“The Gist” is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. Every month I summarize and post “the gist” of the MLS® data for Edmonton and area real estate activity.

The average*** single family detached price in the service area of the Edmonton Multiple Listing Service® was up 2.61% to $427,726.
The average condominium price was down -6.51% to $230,661
The average duplex/ rowhouse price was down 1.40% to $348,078
The average days-on-market in February was 59-days for single-family, 73-days for condos, and 80-days for duplexes..
There were 1,060 reported residential sales and 6,108 residential units for sale at month end.

The REALTORS® Association of Edmonton releases month-end and year-end results for sales through the local Multiple Listing Service® and includes all residential sales for the City of Edmonton and surrounding communities and counties. ***Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. Prior period 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. For information on a specific area, contact me directly***
Activity (for all residential sales on Edmonton MLS® System)

February
2017

Change from
January

Change from February 2016

SFDaverage selling price – month

$427,726

2.61%

1.85%

SFD median4 selling price

$391,000

0.26%

-2.25%

Condominium average selling price

$230,661

-6.51%

-6.65%

Condominium median selling price

$219,963

-3.53%

-1.80%

All-residential5 average selling price

$359,468

1.02%

-1.05%

All-residential median selling price

$339,289

-0.06%

-2.36%

# residential listings this month

2,431

11.3%

-12.1%

# residential sales this month

1,060

43.6%

26.7%

# residential inventory at month end

6,108

9.19%

-8.58%

# Total6 MLS® System sales this month

1,341

38.4%

25.4%

$ Value total residential sales this month

$427 Million

42.6%

25.2%

$ Value of total MLS® System sales – month

$474 Million

32.5%

24.0%

$ Value of total MLS® System sales – YTD

$859 Million

140%

25.3%

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales


///…CP

Come Home To: 20 Noah Close


Welcome home to this fully developed 2-storey half duplex located in a quiet North Ridge cul de sac.

MAIN LEVEL
This 3-bedroom, 2.5-bath home has laminate and tile floors on the main with a kitchen that’s open to the dining area and the living room with corner gas fireplace. There are patio doors off the dining area out to the large and treed backyard that features a new extended pressure-treated deck and trees for privacy. The main floor also hosts a 2-piece powder room.

UPPER LEVEL
Upstairs you’ll find the master bedroom with 3-piece ensuite. There are two additional bedrooms and a 4-piece main bathroom to complete the second floor layout.

LOWER LEVEL
The basement is fully developed with a storage area, laundry area, and large family room for movie nights!

ADDITIONAL
Parking is a breeze with extra parking on the driveway and in the attached single car garage. There aren’t any condo fees here and this home has just been recently painted throughout, features central air-conditioning, and is move-in ready.

Come home!

Download PDF Brochure

Address: 20 Noah Close, St. Albert, AB  T8N 7M2
Style: 2-storey half duplex
Built: 2004
Size: 1,112 square feet
Bedrooms: 3
Bathrooms: 2.5
Taxes: $3,280 (2016)
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