Weekly Market Minute: 04 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 February 1 of this year.

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: 8,086
Average List Price: $428,534

SOLD Listings: 369
Average Sale Price: $368,300
Median Sale Price: $360,000
Average DOM: 51 days

Absorption Rate: 5.8 months

EDMONTON

ACTIVE Listings: 5,599
Average List Price: $433,569

SOLD Listings: 259
Average Sale Price: $362,558
Median Sale Price: $357,500
Average DOM: 52 days

Absorption Rate: 5.5 months

ST. ALBERT

ACTIVE Listings: 437
Average List Price: $524,481

SOLD Listings: 24
Average Sale Price: $443,841
Median Sale Price: $422,500
Average DOM: 54 days

Absorption Rate: 5.1 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

The Gist: April 2016

“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 0.04% to $439,982.
The average condominium price was down 0.09% to $250,869
The average days-on-market in April was down to 40-days.
There were 1,498 reported residential sales and 8,033 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)

April
2016

Change from
March

Change from April 2015

SFDaverage selling price – month

$439,982

0.04%

0.88%

SFD median4 selling price

$407,000

0.49%

0.0%

Condominium average selling price

$250,869

-0.09%

-0.54%

Condominium median selling price

$232,000

-0.64%

-1.28%

All-residential5 average selling price

$377,823

-0.59%

0.23%

All-residential median selling price

$357,750

0.0%

-0.54%

# residential listings this month

3,258

5.71%

-1.33%

# residential sales this month

1,498

9.82%

-6.20%

# residential inventory at month end

8,033

10.1%

18.4%

# Total6 MLS® System sales this month

1,947

13.3%

-6.48%

$ Value residential sales this month

$637 Million

9.57%

-7.94%

$ Value of total MLS® System sales – month

$737 Million

13.2%

-6.95%

$ Value of total MLS® System sales – YTD

$2.25 Billion

56.8%

-9.42%

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

May2016Info

///…CP

Come Home To: 36, 61 Lafleur Drive


Welcome home to this 1,192 square foot fully developed end unit bungalow in Lakeview Estates.

MAIN LEVEL
Offering tall ceilings and windows galore, the main floor den welcomes you as you enter the home. The open-concept kitchen has maple cabinets, centre island with sink, and a dining nook with patio doors out to the backyard. The living room is cozy with a gas fireplace framed by windows on either side and 10-foot ceilings.
The master bedroom is off the living area with a large bay window, 4-piece ensuite bath, and walk in closet. The main level also offers a 2-piece powder room, mudroom with laundry area, and extra cabinets for storage.

LOWER LEVEL
The basement is fully developed with an additional bedroom, 3-piece bath including walk-in shower, large family room with additional fireplace, games area, and a bonus workshop area with extra storage.

Lakeview Estates is a desirable complex with low condo fees and great neighbours.

Come home!

Download PDF Brochure

Address: 36, 61 Lafleur Drive, St. Albert, AB  T8N 0X5
Style: Bungalow
Built: 2006
Size: 1,192 square feet
Bedrooms: 2
Bathrooms: 2.5
Taxes: $4,444 (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: 27 April 2016

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

As always, we are looking back over the last 7-days excluding today and I’ve calculated the absorption rates based on sales data beginning January 1 of this year.

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: 8,192
Average List Price: $428,332

SOLD Listings: 361
Average Sale Price: $387,678
Median Sale Price: $367,900
Average DOM: 53 days

Absorption Rate: 6.8 months
EDMONTON

ACTIVE Listings: 5,689
Average List Price: $433,349

SOLD Listings: 254
Average Sale Price: $380,727
Median Sale Price: $352,000
Average DOM: 53 days

Absorption Rate: 6.5 months

ST. ALBERT

ACTIVE Listings: 444
Average List Price: $522,166

SOLD Listings: 26
Average Sale Price: $439,196
Median Sale Price: $402,500
Average DOM: 41 days

Absorption Rate: 6.4 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: 1422 Parkland Village


Welcome home to this 1,248 square foot 3-bedroom, 2-bath mobile home backing a green space in Parkland Village.

Built in 2004 and featuring an open-concept floor plan and vaulted ceilings, this home is both inviting and functional in its layout.

The kitchen is spacious with white appliances, walk in pantry, and plenty of oak cabinets. The breakfast nook is open to the living room with new engineered hardwood floors.

There are two bedrooms and a 4-piece bath at the front of the home. The master bedroom is located at the back of the home and features a walk-in closet and a 4-piece ensuite bath with corner shower and jetted tub.

The backyard has a fire pit area and a large storage shed.

Come home!

Download PDF Brochure

Address: 1422, 53222 Range Road 272, Parkland Couny, AB T7X 4M4
Style: Single-wide Mobile Home
Built: 2004
Size: 1,248 square feet
Bedrooms: 3
Bathrooms: 2
Taxes: $680 (2015)
Lot Fees/ Lease: $605/ month
Community Manager:
Parkland Village
Municipality:
 Parkland County
Public School: Parkland School Division
Catholic School: Evergreen Catholic School Division
Recreational Facility: Tri Leisure Centre

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

///…CP