Heidi Hromada

 

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Edmonton, July 3, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of June 2019 rose 0.56% compared to June 2018. While sales were reasonably similar, the number of new residential listings dropped 18.03% from June 2018, and overall inventory in the Edmonton CMA dropped 11.68% from June of last year.


Single family home unit sales increased 1.46%, while condo unit sales dropped 4.34%, and unit sales of duplexes were unchanged from the same period of time last year.


Average prices decreased to $365,949, a drop of 3.71% from June 2018, and 0.70% from May 2019. Single family homes sold for an average of $423,894, a 4.45% year-over-year drop from June 2018, and a 1.76% decrease from May 2019. Condominiums sold for an average of $238,648, a 0.99% drop year-over-year, but an increase of 0.36% from the previous month. Duplexes dropped 1.61% from last year to $338,838, which was a 1.24% increase from the previous month.


“The real estate industry has seen a reduction in the number of listings in June,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Prices, however, remain relatively flat across all categories of homes.”


Single family homes averaged 53 days on the market, a four day increase from last year. Condos spent slightly less time on the market, from 67 to 66 days, while duplexes averaged 67 days on market, an 11 day increase from June 2018. Overall, all residential listings averaged 59 days on market, a 7.27% increase year-over-year, but a 1.67% decrease from May 2019.

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Please visit our Open House at 107 POINTE MARSAN in Beaumont.
Open House on Saturday, June 15, 2019 1:00PM - 4:00PM Cul-de-sac living within the community of Montalet in Beaumont... This beautifully upgraded & fully finished 2 storey home is move-in ready! There is plenty of living space with 4 bedrooms, 4 baths plus a bonus room AND a finished basement! Very well priced at $425,000! Pride of ownership is evident throughout.
This beautifully upgraded & fully finished home is situated in a cul-de-sac in Montalet. With 4 bedrooms, 4 baths plus a bonus room, there is over 2500 sq ft of living space. Featuring a south facing back yard plus central air- you have the best of both worlds! The welcoming main floor is open with granite & stainless steel appliances in the kitchen, a huge island (plus breakfast nook) for entertaining, a cozy gas fireplace in the living room... along with a 2 pce bath & main floor laundry. Upstairs, you will find the large bonus room, 3 bedrooms, a 4 pce bathroom, an oversized master bedroom with walk in closet & a 4 pce ensuite. Located downstairs is the family room, a separate den, another 4 pce bathroom plus plenty of storage. The backyard is landscaped with a large multi-level deck off the kitchen. This is a wonderful neighbourhood within walking distance to parks, restaurants, shopping & Dansereau Meadows School (K-8). Enjoy living in a growing community only minutes from the City & the airport.
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Edmonton, June 4, 2019: Residential sales, new listings and year-to-date inventory have all experienced a month-over-month increase from April 2019. Total residential sales are up 17.64% from last month, and sales have also seen a year-over-year increase of 4.04% from May 2018. Sales of single-family homes have increased month over month by 16.37% and 2.64% year over year. Condo sales have increased by 15.69% since last month but have decreased by 0.42% since May of 2018. Duplex/rowhouse sales have increased by 16.22% month to month and 14.36% year over year. All residential listings have increased 7.22% from last month but have decreased by 12.17% from May of 2018.


“Month over month increases are typical at this time of year, when more people are looking to sell and buy homes,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “This year is no different, but we’ve experienced an increase in overall residential sales from May of last year.”


The average price of all residential homes has seen a month-over-month increase but has decreased since May of 2018. Since April, the average price of a single-family home rose from $427,657 to $431,484 (an increase of 0.89%). The average price of condo units rose from $228,933 to $237,802 (an increase of 3.87%), and the average unit price of duplex/rowhouses rose from $330,795 to $334,704 (an increase of 1.18%). The average sales price of all residential listings rose from $365,129 to $368,514 (an increase of 0.93%) since April, but that price has decreased by 2.99% (from $379,864 to $368,514) since May of 2018.


Average days on market for all residential listings remains unchanged from last month at 60 days; however, that number has risen from 52 days in May of 2018. The average days on market for single-family homes has decreased from 55 to 53 days since last month but has experienced a year-over-year increase from 45 days in May of 2018. Month over month, the average number of days on market for condo units has decreased from 71 to 69 days, but that number has increased from 65 days in May of last year. Days on market for duplex/rowhouse units increased month over month from 67 to 69 days and year over year from 57 days in May of 2018.

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I have listed a new property at 208 273 CHARLOTTE WAY in Sherwood Park.
Perfect for investors or first time buyers! WHAT A FIND! This BEAUTIFUL 2 BEDROOM, 2 BATHROOM UNIT WITH 2 TITLED PARKING STALLS is located in a well-maintained, modern complex with LOW CONDO FEES! You simply can't go wrong! The condo fee is only $315/month and includes heat, water and access to the exercise room! Upon entering this unit, you will discover a large storage room beside the entrance door. Laundry is in-suite- making life so much easier!! The kitchen and living room separate the 2 bedrooms and 2 bathrooms for privacy. The master bedroom boasts a large walk-in closet and attached 3 piece ensuite with 2 person shower. Granite countertops and laminate/tile flooring throughout make for ease of cleaning. As a bonus- the west facing balcony allows for sunset and fireworks viewing. Close to shopping, walking trails and transit. This amazing property is priced to sell!
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Edmonton, May 2, 2019: When compared to March 2019, unit sales across most categories increased, with single family home unit sales increasing 43.68%, condo sales increasing 38.31% and duplex/rowhouse sales increasing 34.06%. Year over year sales are up in all major categories, with single family homes sales increasing 1.91%, condo sales increasing 2.77% and duplex/rowhouses sales increasing 3.93%. Year to date sales for all residential categories were down 8.44% compared to April 2018.


Average unit prices rose from last month but are still down from April 2018. The average price of a single-family home was $427,657; an increase of 0.96% compared to March 2019 but down 0.82% compared to April 2018. The average price of a condo was $228,933, an increase of 7.05% from March 2019 but a decrease of 7.93% year over year.


Prices for duplex/townhouses saw a decrease from March 2019, with the average price down 1.09% to $330,795, but a 1.87% increase relative to April 2018.


“Spring tends to see more activity in the market with this year being no exception,” says REALTORS® Association of Edmonton Chair Michael Brodrick.


Inventory rose 8.76% higher compared to March 2019 but was down 1.78% over April 2018. Listings were also up, climbing 11.14% month over month but down 1.92% year over year.


Days on market decreased for most home types compared to March 2019. Single family homes spent an average 55 days on market, condos averaged 71 days, and duplex/rowhouses averaged 67 days.


Overall, the average days on market for all residential properties was 60, which was six days shorter than March 2019 but three days longer over April 2018.

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I have listed a new property at 11827 21 AVE SW in Edmonton.
Located in the highly desirable community of Rutherford on a quiet street, this 2 storey duplex is sure to fit your needs! Upon entering the home, you will be greeted with an airy space that opens to the second level- making the foyer feel impressive. Adding to the cozy ambiance are the maple cabinets/black appliances in the kitchen, the ample sized dining area with deck off the back, & the family room located directly across from dining for ease of chatting. There is a 2 pce bathroom on the main floor & unspoiled basement ready for your personal touch. Upstairs you will find the large master bedroom with walk-in closet & 4 pce ensuite. An additional 4 pce bathroom plus 2 more substantial bedrooms complete this level. Regarding renovations, the laminate flooring, baseboards, paint & hot water tank were all updated within the past few years. As an added bonus, this home is located close to the Anthony Henday, the airport, shopping, public transportation & walking paths to the local schools. A real beauty!
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I have listed a new property at 409 5005 165 AVE in Edmonton.
Located on the top floor of Hollick Kenyon Pointe in northeast Edmonton, this 2 bedroom, 2 bathroom unit is priced to sell! It is within walking distance to all amenities including restaurants, banks, shopping & public transportation... and only minutes from the Anthony Henday when driving! Quality finishes including ceramic tile, raised oak cabinetry, and stainless steel appliances. The floor plan is bright and open with a spacious kitchen. The living room separates the two bedrooms making this the perfect set-up for roommates seeking their own space. Generous sized carpeted bedrooms include a master bedroom with walk-in closet and 4 piece ensuite. In-suite laundry with plenty of storage space adds to the convenience. Condo fees are low at $344.45/month and include heat plus water/sewer. East facing private balcony with glass railing allows for easy viewing of surroundings. Building amenities include visitor parking, fitness room, theatre room and multi-purpose room. EXCELLENT LOCATION & EXCELLENT PRICE!
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Edmonton, April 3, 2019: When compared to February 2019, unit sales across all categories increased, with single family home sales increasing 27.84%, condo sales increasing 8.86% and duplex/rowhouse sales increasing 21.05%. Year over year sales are down in all major categories, with single family homes sales decreasing 12.57%, condo sales decreasing 18.06% and duplex/rowhouses sales decreasing 3.50%. Year to date sales for all residential categories were down 13.19% compared to March 2018.


Average unit prices rose last month, relative to February, but are down slightly from March 2018. The average price of a single-family home was $423,451, which was a decrease of 1.50% compared to February 2019 and down 5.02% compared to March 2018. The average price of a condo was $213,856, a decrease of 3.78% from February 2019 and a decrease of 10.42% over year.


Duplex/rowhouses saw an increase from February 2019, with the average price rising 4.09% to $334,440, but still a 4.59% drop relative to March 2018.


“Spring typically brings increased selling activity in the real estate industry. Overall residential sales were up by just over 20% from February 2019, but still down from March 2018,” says REALTORS® Association of Edmonton Chair Michael Brodrick.


Inventory has risen 11.71% compared to February 2019 but slipped 0.68% from March 2018.


Days on market decreased for two home types compared to February 2019. Single family homes spent an average 60 days on market, condos averaged 77 days, and duplex/rowhouses averaged 65 days. Overall, the average days on market for all residential properties was 66, which was seven days shorter than February 2019 but 10 days longer than March 2018.

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I have listed a new property at 107 POINTE MARSAN in Beaumont.
This beautifully upgraded & fully finished home is located in Montalet. With 4 bedrooms, 4 baths plus a bonus room, there is over 2500 sq ft of living space. The backyard is south facing & the home is equipped with central air conditioning. The main floor is open with granite & stainless steel appliances in the kitchen, a huge island (plus breakfast nook) for entertaining, a cozy gas fireplace in the living room... along with a 2 pce bath & main floor laundry. Upstairs, you will find the large bonus room, 3 bedrooms, a 4 pce bathroom, an oversized master bedroom with walk in closet & a 4 pce ensuite. In the basement, you will discover the family room, a separate den, another 4 pce bathroom plus plenty of storage. The backyard is landscaped with a large multi-level deck off the kitchen. This is a wonderful neighbourhood within walking distance to parks, restaurants, shopping & Dansereau Meadows School (K-8). Enjoy living in a smaller/growing community only minutes from the City of Edmonton & the airport.
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Edmonton, March 4, 2019: When compared to January 2019, unit sales across all categories increased, with single family home sales increasing 23.31%, condo sales increasing 26.05% and duplex/rowhouse sales increasing 17.53%. Year over year sales are down in all major categories, with single family homes sales decreasing 2.73%, condo sales decreasing 6.62% and duplex/rowhouses sales decreasing 9.60%. Year to date sales for all residential categories were down 11.01% compared to February 2018.


Average unit prices rose from last month, but are down from February 2018. The average price of a single-family home was $430,000, which was an increase of 6.36% compared to January 2019 but down 2.73% compared to February 2018. The average price of a condo was $222,267, an increase of 1.64% from January 2019 but a decrease of 6.62% year over year.


Duplex/townhouses saw a small decrease from January 2019, with the average price falling 0.24% to $321,288 and a 9.60% drop relative to February 2018.


“February tends to see the start of an increase in unit sales in the real estate market following the sluggish winter months, and this year is no different,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Inventory remains high and compared to last year the market is still lagging, but we are hopeful the traditional upward trend for spring holds true this year.”


Inventory has risen 4.89% higher compared to January 2019 and 4.31% over February 2018. However, listings continue to decrease, slipping 5.64% month over month and 8.55% year over year.


Days on market decreased for all home types compared to January 2019. Single family homes spent an average 70 days on market, condos averaged 76 days, and duplex/rowhouses averaged 80 days. Overall, the average days on market for all residential properties was 73, which was 11 days shorter than January 2019 and nine days longer over February 2018.

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Edmonton, February 4, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market decreased 15.00% relative to January 2018. Single family home sales decreased 14.34%, condominiums decreased 18.56% and duplex/rowhouse sales decreased 1.02%. When compared to the previous month, residential unit sales increased, as is typical for this time of year. Single family home sales increased 1.51%, condominiums sales increased 22.16% and duplex/rowhouse sales increased 32.88%. Overall, residential unit sales increased 9.75% compared to December 2018.


Average prices declined in January. The average selling price of a single family home was $404,275, a decrease of 6.04% compared to January 2018 and a decrease of 5.52% compared to December 2018. Condominium average prices decreased 4.90% year over year and increased 6.18% month over month. Duplex/rowhouse average prices decreased 7.51% relative to January 2018 and decreased 6.85% relative to December 2018.


“The real estate market is still experiencing the consequences of high inventory and slow sales,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Buyers are benefiting from more choice but may be struggling with the mortgage qualification rules, while sellers will need to continue to be patient and flexible in this market.”


Listings for January were almost identical to January 2018, increasing by 0.08%. Inventory remained higher than average, with an increase of 6.10% relative to December 2018 and an increase of 9.31% compared to January 2018.


Average days on market are reflective of a sluggish winter market, with the residential average increasing to 84, up from 72 days in December 2018. Single family homes sold on average in 79 days, an increase of 10 days from December 2018. Condominiums increased to 93 days on market and duplex/rowhouses increased to 90, both categories up from 78 average days on market in the previous month. 

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Edmonton, January 3, 2019: The Edmonton Census Metropolitan Area (CMA) real estate market marked a year of stable average and median prices, decreasing sales, and increasing inventory.


Year-to-date average prices remained relatively stable throughout 2018. The residential average sale price was $369,607, a decrease of 1.28% compared to 2017. In the specific categories, average single family home prices decreased 0.85% to $434,028, condominium average prices decreased 4.9% to $236,008 and duplex/rowhouse average prices decreased 1.75% to $342,150.


Residential year-to-date unit sales were down 5.57%, to a total of 15,519 residential units sold, compared to 16,435 in 2017. Single family homes were down 4.36%, condominium unit sales were down 7.73% and duplex/rowhouse unit sales decreased 8.63%. Sales volume in 2018 was also down 6.78% to $5.73 billion compared to $6.15 billion in 2017.


“The real estate market in 2018 experienced record-high inventory levels, rising interest rates and the effect of the mortgage stress test, resulting in lower sales in all property categories,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “It was a challenging market for both buyers and sellers and it appears 2019 will be similar.”


Listings for December 2018 decreased 43.09% compared to November 2018, and decreased 3.85% compared to December 2017. End of month inventory decreased 9.69% month over month and increased 10.83% year over year.


Year-to-date days on market for residential units was 62, up 3 days from the average of 59 days on market in 2017. Year-to-date listings were also up, increasing 3.53% over 2017. The reported annual sales to listing ratio was 47%, indicating a buyers’ market.


In the month of December, sales decreased both month over month and year over year. In total, the average residential unit sales decreased 30.13% relative to November 2018, and decreased 19.65% compared to December 2017. Average prices were mostly stable, decreasing 0.02% to $360,450 month over month and increasing 1.03% year over year.

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Edmonton, December 4, 2018: In the Edmonton Census Metropolitan Area (CMA), the all residential unit sales decreased 9.78% month over month and decreased 10.56% year over year. Single family home unit sales are down 9.22% compared to October 2018 and down 5.66% relative to November 2017. Condominium unit sales decreased 15.86% month over month and 19.5% year over year. Month over month duplex/rowhouse unit sales increased 14.14%, and decreased 6.61% year over year. Month over month declines are typical in late Fall.


New listings and active inventory are down compared to October 2018. Listings decreased 15.38% and inventory decreased 2.00% month over month. When compared to November 2017, both categories were up. New listings increased 9.97% and inventory increased 9.86% year over year.


“Compared to 2017, listings and inventory are increasing, which means there is plenty for buyers to choose from this year,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we close out the year, average prices are decreasing slightly, likely due to the slower winter sales season and higher inventory levels, so sellers will need to be patient and flexible when it comes time to negotiate.”


Average prices declined in the month of November. The average selling price of a single family home is $421,715, a decrease of 0.97% month over month and a decrease of 4.55% year over year. Condominium average prices also decreased 1.29% month over month and 6.07% year over year. Duplex/rowhouses average prices increased 4.11% compared to October 2018, and decreased 3.36% relative to November 2017.


The average days on market for single family homes increased to 66 days, increasing by four days compared to October 2018 and seven days compared to November 2017. Condominiums sold on average in 80 days, eight days longer compared to October 2018 and four days longer relative to November 2017. Average days on market for duplex/rowhouses increased to 71, growing from 66 in October 2018 and 59 days in November 2017.


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Edmonton, November 2, 2018: In the Edmonton Census Metropolitan Area (CMA), the all residential unit sales month over month decreased 5.71% and decreased 13.61% year over year. Single family home sales are down 9.71% compared to September 2018, and down 14.86% compared to October 2017. Duplex/rowhouses decreased 20.16% month over month and 30.77% year over year. Month over month unit sales of condominiums increased 8.80% and decreased 4.92% relative to October 2017.


Average prices also declined in October. The all residential average price was $358,954, a month over month decrease of 4.01% and year over year decrease of 3.08%. The average price of a single family home was $425,864, a decrease of 1.36% compared to September 2018 and decrease of 1.30% compared to October 2017. Duplex/rowhouses decreased 3.45% month over month and 2.21% year over year, to an average price of $333,215. Condominiums also decreased to an average price of $221,293, down 8.16% compared to September 2018 and down 8.80% compared to October 2017.


“Some of the market decreases are a result of slower sales coupled with higher inventory and listings, as well, it is also common for both prices and sales to begin to decrease at this time of year due to seasonal market fluctuations.”” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we move towards the end of the year, we will likely see average days on market grow with inventory remaining higher.”


New listings and overall inventory are down compared to September 2018. Listings decreased 3.22% and inventory decreased 2.68% month over month. When compared to October 2017, both categories were up. New listings increased 4.05% and inventory increased 8.50% year over year.


The average days on market for single family homes increased to 62 days, increasing by one day compared to September 2018 and seven days compared to October 2017. Average days on market for duplex/rowhouses was unchanged month over month, and five days longer year over year. Condominiums sold on average in 72 days, three days shorter compared to September 2018 and five days longer relative to October 2017.

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Edmonton, October 3, 2018: In the Edmonton Census Metropolitan Area (CMA), the all residential average prices increased 2.48% to $373,958 compared to August 2018 and increased 0.94% compared to September 2017. Single family home average prices increased 1.71% month over month and increased 0.25% year over year. Duplex/rowhouse average prices also increased in both categories, up 4.38% compared to August 2018 and up 0.68% compared to September 2017. Condominium average prices decreased 1.53% month over month and decreased 4.28% year over year.


Unit sales are down across all categories. Single family home sales decreased 19.41% relative to August 2018 and 2.22% relative to September 2017. Condominium sales decreased 28.82% month over month and decreased 19.09% year over year. Duplex/rowhouse sales also declined, decreasing 21.02% compared to August 2018 and 21.52% compared to September 2017. Overall, all residential unit sales showed a decrease of 21.83% month over month and 8.53% decrease year over year.


Average days on market increased for all categories. The average for single family homes increased to 61 days for September 2018, two days longer than August 2018 and eight days longer than September 2017. Condominiums average days on market increased to 75 in September 2018, two days longer than August 2018 and seven days longer compared to September 2017. For duplex/rowhouses, the average days on market was 66, increasing from 63 in August 2018 and 61 days in September 2017.


“Stable prices coupled with decreasing sales and increasing days on market indicates sellers are most likely staying firm on their prices and choosing to wait longer to get the price they feel is best for their properties,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we move further into our final quarter, we will likely continue to see sales decreasing as is typical for this time of year.”


Both inventory and listings decreased in September, with inventory down 1.53% and listings down 17.41% compared to August 2018. Listings also decreased 8.53% compared to September 2017, while inventory increased year over year by 7.35%.


In total, there were 1,225 MLS® System listed properties sold in September 2018, a decrease of 21.83% month over month and an decrease of 8.24% year over year.

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I have listed a new property at 592 BUCHANAN RD in Edmonton.
PRICED SUBSTANTIALLY BELOW COMPARABLE PROPERTIES & CITY ASSESSED VALUE BY $60,000-$70,000, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room & a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is fresh throughout. Bathroom and kitchen cabinets, countertops, and backsplash are new with stainless steel kitchen appliances. Flooring was replaced this year. Public transportation is located steps away. Only the driveway requires shovelling in the winter (no sidewalks)! There are just too many features to list! This home is ideally located minutes from shopping/restaurants, Riverbend Square, highly sought after schools, the Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Please visit our Open House at 592 BUCHANAN RD in Edmonton.
Open House on Sunday, September 16, 2018 1:00PM - 3:00PM Priced substantially below comparable properties and city assessed value, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. Priced at $419,000 and move-in ready, this home is truly a great investment! No
PRICED SUBSTANTIALLY BELOW COMPARABLE PROPERTIES & CITY ASSESSED VALUE BY $60,000-$70,000, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room & a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is fresh throughout. Bathroom and kitchen cabinets, countertops, and backsplash are new with stainless steel kitchen appliances. Flooring was replaced this year. Public transportation is located steps away. Only the driveway requires shovelling in the winter (no sidewalks)! There are just too many features to list! This home is ideally located minutes from shopping/restaurants, Riverbend Square, highly sought after schools, the Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Please visit our Open House at 592 BUCHANAN RD in Edmonton.
Open House on Sunday, September 9, 2018 1:00PM - 3:00PM Easy to find! Beautifully renovated! Perfect for a young family. Priced WAY below comparable properties. Sellers want it sold! None
PRICED SUBSTANTIALLY BELOW COMPARABLE PROPERTIES & CITY ASSESSED VALUE, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room & a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is fresh throughout. Bathroom and kitchen cabinets, countertops, and backsplash are new with stainless steel kitchen appliances. Flooring was replaced this year. Public transportation is located steps away. Only the driveway requires shovelling in the winter (no sidewalks)! There are just too many bonuses and upgrades to list! This home is ideally located minutes from shopping/restaurants, Riverbend Square, highly sought after schools, soccer fields, the Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Edmonton, September 5, 2018: In the Edmonton Census Metropolitan Area (CMA), all residential average unit sales decreased 2.25% compared to July 2018 and increased 1.89% compared to August 2017. Single family home sales increased both 1.44% month over month and 6.15% year over year. Condominium sales decreased 6.34% relative to July 2018 and increased 0.5% relative to August 2017. Duplex/rowhouses decreased 10.29% month over month and decreased 14.67% year over year.


The average all residential selling price decreased 1.38% to $364,925 compared to July 2018 and decreased 2.30% compared to August 2017. Single family home average prices decreased 2.83% to $424,471 month over month and decreased 3.23% year over year. Condominium average prices decreased 0.57% compared to July 2018 and decreased 0.12% compared to August 2017. Duplex/rowhouse average prices decreased 3.38% month over month and decreased 6.90% year over year.


“Both sales and listings typically decrease during August, as many buyers and sellers shift their focus on preparing for the new school year,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we move into the fall, buyers still have a lot of inventory to look at in all categories of residential properties. For sellers, they may have to be more patient and flexible when selling their properties, but they should still be able to get a good price for their house in the end.”


Listings decreased 4.51% compared to July 2018 and increased 1.63% compared to August 2017. Inventory also decreased month over month, down 2.62% and increased 7.73% year over year. In total, there were 1,567 MLS® System listed properties sold in August 2018, a decrease of 2.25% month over month and an increase of 1.89% year over year.


Average days on market increased for most categories, indicating it continues to be a buyers’ market for the Edmonton CMA. The average for single family homes increased to 59 days for August 2018, seven days longer than July 2018 and eight days longer than August 2017. Condominiums average days on market increased to 73 in August 2018, seven days longer than July 2018 and five days longer compared to August 2017. For duplex/rowhouses, the average days on market was 63, increasing from 61 in July 2018 and one day shorter relative to August 2017.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.